SUPPLEMENTAL GUARANTOR INFORMATION

All of the Company’s senior and convertible senior notes are fully and unconditionally guaranteed, on a joint and several basis, by all of the Company’s direct and indirect subsidiaries (collectively, Guarantor Subsidiaries), other than financial services subsidiaries and certain insignificant subsidiaries (collectively, Non-Guarantor Subsidiaries). Each of the Guarantor Subsidiaries is wholly-owned. In lieu of providing separate financial statements for the Guarantor Subsidiaries, consolidating condensed financial statements are presented below. Separate financial statements and other disclosures concerning the Guarantor Subsidiaries are not presented because management has determined that they are not material to investors.

Consolidating Balance Sheet

June 30, 2012



	D.R. Horton, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total
	(In millions)
ASSETS
Cash and cash equivalents	$	831.8	$	47.6	$	25.5	$	—		$	904.9
Marketable securities, available-for-sale	283.7		—		—		—			283.7
Restricted cash	40.9		0.5		0.1		—			41.5
Investments in subsidiaries	2,044.7		—		—		(2,044.7		)	—
Inventories	1,243.8		2,598.4		19.4		—			3,861.6
Income taxes receivable	12.9		—		—		—			12.9
Deferred income taxes	235.5		481.2		—		—			716.7
Property and equipment, net	15.7		19.8		31.2		—			66.7
Other assets	107.2		262.9		87.9		—			458.0
Mortgage loans held for sale	—		—		295.1		—			295.1
Goodwill	—		15.9		—		—			15.9
Intercompany receivables	900.2		—		—		(900.2		)	—
Total Assets	$	5,716.4	$	3,426.3	$	459.2	$	(2,944.9	)	$	6,657.0
LIABILITIES & EQUITY
Accounts payable and other liabilities	$	283.2	$	671.5	$	115.4	$	—		$	1,070.1
Intercompany payables	—		875.9		24.3		(900.2		)	—
Notes payable	1,944.5		4.0		146.8		—			2,095.3
Total Liabilities	2,227.7		1,551.4		286.5		(900.2		)	3,165.4
Total stockholders’ equity	3,488.7		1,874.9		169.8		(2,044.7		)	3,488.7
Noncontrolling interests	—		—		2.9		—			2.9
Total Equity	3,488.7		1,874.9		172.7		(2,044.7		)	3,491.6
Total Liabilities & Equity	$	5,716.4	$	3,426.3	$	459.2	$	(2,944.9	)	$	6,657.0

NOTE P – SUPPLEMENTAL GUARANTOR INFORMATION - (Continued)

Consolidating Balance Sheet

September 30, 2011



	D.R. Horton, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total
	(In millions)
ASSETS
Cash and cash equivalents	$	681.3	$	31.3	$	20.0	$	—		$	732.6
Marketable securities, available-for-sale	297.6		—		—		—			297.6
Restricted cash	48.7		0.4		—		—			49.1
Investments in subsidiaries	1,452.3		—		—		(1,452.3		)	—
Inventories	1,100.6		2,329.6		19.5		—			3,449.7
Income taxes receivable	12.4		—		—		—			12.4
Property and equipment, net	18.0		21.7		17.9		—			57.6
Other assets	98.7		259.2		91.5		—			449.4
Mortgage loans held for sale	—		—		294.1		—			294.1
Goodwill	—		15.9		—		—			15.9
Intercompany receivables	748.3		—		—		(748.3		)	—
Total Assets	$	4,457.9	$	2,658.1	$	443.0	$	(2,200.6	)	$	5,358.4
LIABILITIES & EQUITY
Accounts payable and other liabilities	$	252.3	$	662.7	$	115.3	$	—		$	1,030.3
Intercompany payables	—		717.6		30.7		(748.3		)	—
Notes payable	1,585.0		3.1		116.5		—			1,704.6
Total Liabilities	1,837.3		1,383.4		262.5		(748.3		)	2,734.9
Total stockholders’ equity	2,620.6		1,274.7		177.6		(1,452.3		)	2,620.6
Noncontrolling interests	—		—		2.9		—			2.9
Total Equity	2,620.6		1,274.7		180.5		(1,452.3		)	2,623.5
Total Liabilities & Equity	$	4,457.9	$	2,658.1	$	443.0	$	(2,200.6	)	$	5,358.4

NOTE P – SUPPLEMENTAL GUARANTOR INFORMATION - (Continued)

Consolidating Statement of Operations

Three Months Ended June 30, 2012



	D.R. Horton, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
	(In millions)
Homebuilding:
Revenues	$	363.8		$	750.6		$	1.8		$	—		$	1,116.2
Cost of sales	293.3			620.4			4.2			—			917.9
Gross profit (loss)	70.5			130.2			(2.4		)	—			198.3
Selling, general and administrative expense	63.5			71.2			1.7			—			136.4
Equity in (income) of subsidiaries	(70.7		)	—			—			70.7			—
Interest expense	6.2			—			—			—			6.2
Other (income)	(0.7		)	(1.2		)	(0.7		)	—			(2.6		)
	72.2			60.2			(3.4		)	(70.7		)	58.3
Financial Services:
Revenues, net of recourse and reinsurance expense	—			—			33.8			—			33.8
General and administrative expense	—			—			21.5			—			21.5
Interest expense	—			—			0.6			—			0.6
Interest and other (income)	—			—			(2.2		)	—			(2.2		)
	—			—			13.9			—			13.9
Income before income taxes	72.2			60.2			10.5			(70.7		)	72.2
Income tax benefit	(715.6		)	(464.0		)	(20.7		)	484.7			(715.6		)
Net income	$	787.8		$	524.2		$	31.2		$	(555.4	)	$	787.8
Comprehensive income	$	787.7		$	524.2		$	31.2		$	(555.4	)	$	787.7

NOTE P – SUPPLEMENTAL GUARANTOR INFORMATION - (Continued)

Consolidating Statement of Operations

Nine Months Ended June 30, 2012



	D.R. Horton, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
	(In millions)
Homebuilding:
Revenues	$	973.9		$	1,957.3		$	6.2		$	—		$	2,937.4
Cost of sales	791.2			1,623.0			11.8			—			2,426.0
Gross profit (loss)	182.7			334.3			(5.6		)	—			511.4
Selling, general and administrative expense	178.0			199.7			5.2			—			382.9
Equity in (income) of subsidiaries	(155.0		)	—			—			155.0			—
Interest expense	18.7			—			—			—			18.7
Gain on early retirement of debt, net	(0.1		)	—			—			—			(0.1		)
Other (income)	(2.6		)	(3.4		)	(2.1		)	—			(8.1		)
	143.7			138.0			(8.7		)	(155.0		)	118.0
Financial Services:
Revenues, net of recourse and reinsurance expense	—			—			80.4			—			80.4
General and administrative expense	—			—			59.9			—			59.9
Interest expense	—			—			2.4			—			2.4
Interest and other (income)	—			—			(7.6		)	—			(7.6		)
	—			—			25.7			—			25.7
Income before income taxes	143.7			138.0			17.0			(155.0		)	143.7
Income tax benefit	(712.5		)	(462.0		)	(20.5		)	482.5			(712.5		)
Net income	$	856.2		$	600.0		$	37.5		$	(637.5	)	$	856.2
Comprehensive income	$	856.1		$	600.0		$	37.5		$	(637.5	)	$	856.1

NOTE P – SUPPLEMENTAL GUARANTOR INFORMATION - (Continued)

Consolidating Statement of Operations

Three Months Ended June 30, 2011



	D.R. Horton, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
	(In millions)
Homebuilding:
Revenues	$	283.5		$	687.4	$	4.5		$	—		$	975.4
Cost of sales	235.6			583.7		4.8			—			824.1
Gross profit (loss)	47.9			103.7		(0.3		)	—			151.3
Selling, general and administrative expense	50.5			61.5		1.7			—			113.7
Equity in (income) of subsidiaries	(47.7		)	—		—			47.7			—
Interest expense	10.1			—		—			—			10.1
Loss on early retirement of debt, net	6.5			—		—			—			6.5
Other (income)	(0.4		)	0.2		(1.0		)	—			(1.2		)
	28.9			42.0		(1.0		)	(47.7		)	22.2
Financial Services:
Revenues, net of recourse and reinsurance expense	—			—		23.8			—			23.8
General and administrative expense	—			—		19.3			—			19.3
Interest expense	—			—		0.3			—			0.3
Interest and other (income)	—			—		(2.5		)	—			(2.5		)
	—			—		6.7			—			6.7
Income before income taxes	28.9			42.0		5.7			(47.7		)	28.9
Income tax expense	0.2			0.5		0.1			(0.6		)	0.2
Net income	$	28.7		$	41.5	$	5.6		$	(47.1	)	$	28.7
Comprehensive income	$	28.7		$	41.5	$	5.6		$	(47.1	)	$	28.7

NOTE P – SUPPLEMENTAL GUARANTOR INFORMATION - (Continued)

Consolidating Statement of Operations

Nine Months Ended June 30, 2011



	D.R. Horton, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
	(In millions)
Homebuilding:
Revenues	$	693.2		$	1,773.3		$	9.0		$	—		$	2,475.5
Cost of sales	561.0			1,534.2			14.0			—			2,109.2
Gross profit (loss)	132.2			239.1			(5.0		)	—			366.3
Selling, general and administrative expense	159.7			197.4			(1.3		)	—			355.8
Equity in (income) of subsidiaries	(54.9		)	—			—			54.9			—
Interest expense	41.0			—			—			—			41.0
Loss on early retirement of debt, net	10.7			—			—			—			10.7
Other (income)	(2.5		)	(1.2		)	(3.1		)	—			(6.8		)
	(21.8		)	42.9			(0.6		)	(54.9		)	(34.4		)
Financial Services:
Revenues, net of recourse and reinsurance expense	—			—			63.0			—			63.0
General and administrative expense	—			—			56.4			—			56.4
Interest expense	—			—			0.7			—			0.7
Interest and other (income)	—			—			(6.7		)	—			(6.7		)
	—			—			12.6			—			12.6
Income (loss) before income taxes	(21.8		)	42.9			12.0			(54.9		)	(21.8		)
Income tax benefit	(57.8		)	(40.5		)	(1.5		)	42.0			(57.8		)
Net income	$	36.0		$	83.4		$	13.5		$	(96.9	)	$	36.0
Comprehensive income	$	36.0		$	83.4		$	13.5		$	(96.9	)	$	36.0

NOTE P – SUPPLEMENTAL GUARANTOR INFORMATION - (Continued)

Consolidating Statement of Cash Flows

Nine Months Ended June 30, 2012



	D.R. Horton, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
	(In millions)
OPERATING ACTIVITIES
Net cash (used in) provided by operating activities	$	(85.3	)	$	(133.5	)	$	41.6		$	—	$	(177.2	)
INVESTING ACTIVITIES
Purchases of property and equipment	(3.4		)	(5.7		)	(14.7		)	—		(23.8		)
Purchases of marketable securities	(188.7		)	—			—			—		(188.7		)
Proceeds from the sale or maturity of marketable securities	196.8			—			—			—		196.8
Decrease (increase) in restricted cash	7.8			(0.1		)	(0.1		)	—		7.6
Net cash provided by (used in) investing activities	12.5			(5.8		)	(14.8		)	—		(8.1		)
FINANCING ACTIVITIES
Net change in notes payable	335.7			(2.8		)	30.2			—		363.1
Net change in intercompany receivables/payables	(106.9		)	158.4			(51.5		)	—		—
Proceeds from stock associated with certain employee benefit plans	30.3			—			—			—		30.3
Cash dividends paid	(35.8		)	—			—			—		(35.8		)
Net cash provided by (used in) financing activities	223.3			155.6			(21.3		)	—		357.6
Increase in cash and cash equivalents	150.5			16.3			5.5			—		172.3
Cash and cash equivalents at beginning of period	681.3			31.3			20.0			—		732.6
Cash and cash equivalents at end of period	$	831.8		$	47.6		$	25.5		$	—	$	904.9

NOTE P – SUPPLEMENTAL GUARANTOR INFORMATION - (Continued)

Consolidating Statement of Cash Flows

Nine Months Ended June 30, 2011



	D.R. Horton, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
	(In millions)
OPERATING ACTIVITIES
Net cash (used in) provided by operating activities	$	(104.1	)	$	67.6		$	(38.8	)	$	—	$	(75.3	)
INVESTING ACTIVITIES
Purchases of property and equipment	(6.0		)	(6.8		)	—			—		(12.8		)
Purchases of marketable securities	(259.7		)	—			—			—		(259.7		)
Proceeds from the sale or maturity of marketable securities	254.7			—			—			—		254.7
Decrease (increase) in restricted cash	3.7			(0.2		)	(0.2		)	—		3.3
Net cash used in investing activities	(7.3		)	(7.0		)	(0.2		)	—		(14.5		)
FINANCING ACTIVITIES
Net change in notes payable	(336.5		)	—			29.8			—		(306.7		)
Net change in intercompany receivables/payables	78.4			(78.3		)	(0.1		)	—		—
Proceeds from stock associated with certain employee benefit plans	2.7			—			—			—		2.7
Cash dividends paid	(35.9		)	—			—			—		(35.9		)
Purchase of treasury stock	(38.6		)	—			—			—		(38.6		)
Net cash (used in) provided by financing activities	(329.9		)	(78.3		)	29.7			—		(378.5		)
Decrease in cash and cash equivalents	(441.3		)	(17.7		)	(9.3		)	—		(468.3		)
Cash and cash equivalents at beginning of period	1,234.9			45.3			29.1			—		1,309.3
Cash and cash equivalents at end of period	$	793.6		$	27.6		$	19.8		$	—	$	841.0