8-KOther Events

HORTON D R INC /DE/ 8-K Report (May 30, 2002)

Filed May 30, 2002For Securities:DHI

Summary

This 8-K filing from D.R. Horton, Inc. (DHI) on May 30, 2002, provides investors with unaudited pro forma combined condensed statements of income. These statements reflect the impact of the company's acquisition of Schuler Homes, Inc. The pro forma information has been updated to include the most recent determinations of fair values for the assets acquired and liabilities assumed from Schuler Homes. This filing is important as it offers a forward-looking view of how the combined entity's financial performance might have looked, aiding in the assessment of the acquisition's potential impact. While these pro forma statements do not represent actual historical results and are not predictive of future performance, they serve as a crucial supplementary tool for investors. They allow for a more informed analysis of D.R. Horton's financial position and operational scale post-acquisition. Investors should carefully review the accompanying notes to understand the assumptions and limitations of this pro forma data when evaluating the company's strategic moves and potential future earnings capacity.

Key Highlights

  • 1D.R. Horton, Inc. (DHI) filed an 8-K on May 30, 2002.
  • 2The filing includes unaudited pro forma combined condensed statements of income.
  • 3These statements reflect the acquisition of Schuler Homes, Inc.
  • 4Updated fair value determinations for Schuler Homes' assets and liabilities are incorporated.
  • 5The pro forma data covers the six months ended March 31, 2002, and the year ended September 30, 2001.
  • 6This information is intended to provide supplementary data for investor analysis.

Frequently Asked Questions

The main purpose of this filing is to provide investors with updated unaudited pro forma combined condensed statements of income that reflect the acquisition of Schuler Homes, Inc. These statements offer a hypothetical view of the combined company's financial performance.

Pro forma statements are included to show how the company's financial results might have looked if the acquisition of Schuler Homes had occurred at an earlier date. They are not actual historical results but are intended to help investors understand the potential scale and financial impact of the acquisition.

The filing explicitly states that the pro forma statements do not purport to show what the operating results would have been if the acquisition had been consummated as of the dates indicated. They should also not be construed as representative of future operating results, as they are based on specific assumptions and current fair value determinations.

The unaudited pro forma combined condensed statements of income cover the six months ended March 31, 2002, and the fiscal year ended September 30, 2001.