SUPPLEMENTAL GUARANTOR INFORMATION

All of the Company's senior and convertible senior notes and the unsecured revolving credit facility are fully and unconditionally guaranteed, on a joint and several basis, by substantially all of the Company's homebuilding subsidiaries (collectively, Guarantor Subsidiaries). Each of the Guarantor Subsidiaries is 100% owned, directly or indirectly, by the Company. The Company's subsidiaries engaged in the financial services segment and certain other subsidiaries do not guarantee the Company's senior and convertible senior notes and the unsecured revolving credit facility (collectively, Non-Guarantor Subsidiaries). 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.

The guarantees by a Guarantor Subsidiary will be automatically and unconditionally released and discharged upon: (1) the sale or other disposition of its common stock whereby it is no longer a subsidiary of the Company; (2) the sale or other disposition of all or substantially all of its assets (other than to the Company or another Guarantor); (3) its merger or consolidation with an entity other than the Company or another Guarantor; or (4) depending on the provisions of the applicable indenture, either (a) its proper designation as an unrestricted subsidiary, (b) its ceasing to guarantee any of the Company's publicly traded debt securities, or (c) its ceasing to guarantee any of the Company's obligations under the revolving credit facility.

Consolidating Balance Sheet

March 31, 2013



	D.R. Horton, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total
	(In millions)
ASSETS
Cash and cash equivalents	$	1,061.6	$	64.3	$	24.6	$	—		$	1,150.5
Restricted cash	53.4		1.0		0.1		—			54.5
Investments in subsidiaries	2,268.1		—		—		(2,268.1		)	—
Inventories	1,846.3		3,460.0		17.8		—			5,324.1
Deferred income taxes	230.0		450.0		—		—			680.0
Property and equipment, net	29.7		26.2		31.2		—			87.1
Other assets	127.1		271.9		104.1		—			503.1
Mortgage loans held for sale	—		—		394.3		—			394.3
Goodwill	—		38.9		—		—			38.9
Intercompany receivables	1,517.9		—		—		(1,517.9		)	—
Total Assets	$	7,134.1	$	4,312.3	$	572.1	$	(3,786.0	)	$	8,232.5
LIABILITIES & EQUITY
Accounts payable and other liabilities	$	368.5	$	718.9	$	128.4	$	—		$	1,215.8
Intercompany payables	—		1,489.8		28.1		(1,517.9		)	—
Notes payable	3,024.6		2.6		245.8		—			3,273.0
Total Liabilities	3,393.1		2,211.3		402.3		(1,517.9		)	4,488.8
Total stockholders’ equity	3,741.0		2,101.0		167.1		(2,268.1		)	3,741.0
Noncontrolling interests	—		—		2.7		—			2.7
Total Equity	3,741.0		2,101.0		169.8		(2,268.1		)	3,743.7
Total Liabilities & Equity	$	7,134.1	$	4,312.3	$	572.1	$	(3,786.0	)	$	8,232.5

NOTE O – SUPPLEMENTAL GUARANTOR INFORMATION - (Continued)

Consolidating Balance Sheet

September 30, 2012



	D.R. Horton, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total
	(In millions)
ASSETS
Cash and cash equivalents	$	968.9	$	56.3	$	22.5	$	—		$	1,047.7
Marketable securities, available-for-sale	298.0		—		—		—			298.0
Restricted cash	48.7		0.5		0.1		—			49.3
Investments in subsidiaries	2,120.8		—		—		(2,120.8		)	—
Inventories	1,375.1		2,770.6		19.5		—			4,165.2
Income taxes receivable	14.4		—		—		—			14.4
Deferred income taxes	227.6		481.9		—		—			709.5
Property and equipment, net	20.7		20.7		31.2		—			72.6
Other assets	127.8		271.1		108.4		—			507.3
Mortgage loans held for sale	—		—		345.3		—			345.3
Goodwill	—		38.9		—		—			38.9
Intercompany receivables	1,022.6		—		—		(1,022.6		)	—
Total Assets	$	6,224.6	$	3,640.0	$	527.0	$	(3,143.4	)	$	7,248.2
LIABILITIES & EQUITY
Accounts payable and other liabilities	$	329.8	$	700.0	$	130.6	$	—		$	1,160.4
Intercompany payables	—		986.8		35.8		(1,022.6		)	—
Notes payable	2,302.7		2.6		187.8		—			2,493.1
Total Liabilities	2,632.5		1,689.4		354.2		(1,022.6		)	3,653.5
Total stockholders’ equity	3,592.1		1,950.6		170.2		(2,120.8		)	3,592.1
Noncontrolling interests	—		—		2.6		—			2.6
Total Equity	3,592.1		1,950.6		172.8		(2,120.8		)	3,594.7
Total Liabilities & Equity	$	6,224.6	$	3,640.0	$	527.0	$	(3,143.4	)	$	7,248.2

NOTE O – SUPPLEMENTAL GUARANTOR INFORMATION - (Continued)

Consolidating Statement of Operations

Three Months Ended March 31, 2013



	D.R. Horton, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
	(In millions)
Homebuilding:
Revenues	$	441.2		$	947.2		$	2.0		$	—		$	1,390.4
Cost of sales	354.7			756.0			(1.5		)	—			1,109.2
Gross profit	86.5			191.2			3.5			—			281.2
Selling, general and administrative expense	75.4			78.2			1.5			—			155.1
Equity in (income) of subsidiaries	(132.3		)	—			—			132.3			—
Interest expense	1.9			—			—			—			1.9
Other (income)	(0.6		)	(1.0		)	(1.6		)	—			(3.2		)
	142.1			114.0			3.6			(132.3		)	127.4
Financial Services:
Revenues, net of recourse and reinsurance expense	—			—			41.2			—			41.2
General and administrative expense	—			—			28.0			—			28.0
Interest expense	—			—			1.1			—			1.1
Interest and other (income)	—			—			(2.6		)	—			(2.6		)
	—			—			14.7			—			14.7
Income before income taxes	142.1			114.0			18.3			(132.3		)	142.1
Income tax expense	31.1			20.8			0.8			(21.6		)	31.1
Net income	$	111.0		$	93.2		$	17.5		$	(110.7	)	$	111.0
Comprehensive income	$	111.0		$	93.2		$	17.5		$	(110.7	)	$	111.0

NOTE O – SUPPLEMENTAL GUARANTOR INFORMATION - (Continued)

Consolidating Statement of Operations

Six Months Ended March 31, 2013



	D.R. Horton, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
	(In millions)
Homebuilding:
Revenues	$	847.5		$	1,770.6		$	5.4		$	—		$	2,623.5
Cost of sales	681.7			1,421.7			8.1			—			2,111.5
Gross profit (loss)	165.8			348.9			(2.7		)	—			512.0
Selling, general and administrative expense	139.4			153.3			3.1			—			295.8
Equity in (income) of subsidiaries	(227.2		)	—			—			227.2			—
Interest expense	5.1			—			—			—			5.1
Other (income)	(1.5		)	(2.2		)	(2.8		)	—			(6.5		)
	250.0			197.8			(3.0		)	(227.2		)	217.6
Financial Services:
Revenues, net of recourse and reinsurance expense	—			—			83.0			—			83.0
General and administrative expense	—			—			53.6			—			53.6
Interest expense	—			—			2.0			—			2.0
Interest and other (income)	—			—			(5.0		)	—			(5.0		)
	—			—			32.4			—			32.4
Income before income taxes	250.0			197.8			29.4			(227.2		)	250.0
Income tax expense	72.7			47.6			2.3			(49.9		)	72.7
Net income	$	177.3		$	150.2		$	27.1		$	(177.3	)	$	177.3
Comprehensive income	$	177.1		$	150.2		$	27.1		$	(177.3	)	$	177.1

NOTE O – SUPPLEMENTAL GUARANTOR INFORMATION - (Continued)

Consolidating Statement of Operations

Three Months Ended March 31, 2012



	D.R. Horton, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
	(In millions)
Homebuilding:
Revenues	$	316.2		$	616.7		$	2.7		$	—		$	935.6
Cost of sales	253.5			515.6			2.1			—			771.2
Gross profit	62.7			101.1			0.6			—			164.4
Selling, general and administrative expense	59.1			67.1			1.3			—			127.5
Equity in (income) of subsidiaries	(43.2		)	—			—			43.2			—
Interest expense	5.5			—			—			—			5.5
Other (income)	(1.0		)	(1.6		)	(0.6		)	—			(3.2		)
	42.3			35.6			(0.1		)	(43.2		)	34.6
Financial Services:
Revenues, net of recourse and reinsurance expense	—			—			25.6			—			25.6
General and administrative expense	—			—			19.6			—			19.6
Interest expense	—			—			0.8			—			0.8
Interest and other (income)	—			—			(2.5		)	—			(2.5		)
	—			—			7.7			—			7.7
Income before income taxes	42.3			35.6			7.6			(43.2		)	42.3
Income tax expense	1.7			1.1			0.1			(1.2		)	1.7
Net income	$	40.6		$	34.5		$	7.5		$	(42.0	)	$	40.6
Comprehensive income	$	40.5		$	34.5		$	7.5		$	(42.0	)	$	40.5

NOTE O – SUPPLEMENTAL GUARANTOR INFORMATION - (Continued)

Consolidating Statement of Operations

Six Months Ended March 31, 2012



	D.R. Horton, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
	(In millions)
Homebuilding:
Revenues	$	610.1		$	1,206.7		$	4.4		$	—		$	1,821.2
Cost of sales	497.9			1,002.6			7.6			—			1,508.1
Gross profit (loss)	112.2			204.1			(3.2		)	—			313.1
Selling, general and administrative expense	114.5			128.5			3.5			—			246.5
Equity in (income) of subsidiaries	(84.3		)	—			—			84.3			—
Interest expense	12.5			—			—			—			12.5
Gain on early retirement of debt, net	(0.1		)	—			—			—			(0.1		)
Other (income)	(1.9		)	(2.2		)	(1.4		)	—			(5.5		)
	71.5			77.8			(5.3		)	(84.3		)	59.7
Financial Services:
Revenues, net of recourse and reinsurance expense	—			—			46.6			—			46.6
General and administrative expense	—			—			38.5			—			38.5
Interest expense	—			—			1.7			—			1.7
Interest and other (income)	—			—			(5.4		)	—			(5.4		)
	—			—			11.8			—			11.8
Income before income taxes	71.5			77.8			6.5			(84.3		)	71.5
Income tax expense	3.2			2.0			0.2			(2.2		)	3.2
Net income	$	68.3		$	75.8		$	6.3		$	(82.1	)	$	68.3
Comprehensive income	$	68.3		$	75.8		$	6.3		$	(82.1	)	$	68.3

NOTE O – SUPPLEMENTAL GUARANTOR INFORMATION - (Continued)

Consolidating Statement of Cash Flows

Six Months Ended March 31, 2013



	D.R. Horton, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
	(In millions)
OPERATING ACTIVITIES
Net cash used in operating activities	$	(310.0	)	$	(484.2	)	$	(16.1	)	$	(30.0	)	$	(840.3	)
INVESTING ACTIVITIES
Purchases of property and equipment	(12.9		)	(4.8		)	(7.6		)	—			(25.3		)
Purchases of marketable securities	(28.9		)	—			—			—			(28.9		)
Proceeds from the sale or maturity of marketable securities	325.4			—			—			—			325.4
Increase in restricted cash	(4.7		)	(0.5		)	—			—			(5.2		)
Purchases of debt securities collateralized by residential real estate	(18.6		)	—			—			—			(18.6		)
Payment related to acquisition of a business	(9.4		)	—			—			—			(9.4		)
Net cash provided by (used in) investing activities	250.9			(5.3		)	(7.6		)	—			238.0
FINANCING ACTIVITIES
Net change in notes payable	689.6			—			58.0			—			747.6
Net change in intercompany receivables/payables	(495.3		)	497.5			(2.2		)	—			—
Proceeds from stock associated with certain employee benefit plans	17.7			—			—			—			17.7
Cash dividends paid	(60.2		)	—			(30.0		)	30.0			(60.2		)
Net cash provided by financing activities	151.8			497.5			25.8			30.0			705.1
Increase in cash and cash equivalents	92.7			8.0			2.1			—			102.8
Cash and cash equivalents at beginning of period	968.9			56.3			22.5			—			1,047.7
Cash and cash equivalents at end of period	$	1,061.6		$	64.3		$	24.6		$	—		$	1,150.5

NOTE O – SUPPLEMENTAL GUARANTOR INFORMATION - (Continued)

Consolidating Statement of Cash Flows

Six Months Ended March 31, 2012



	D.R. Horton, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
	(In millions)
OPERATING ACTIVITIES
Net cash (used in) provided by operating activities	$	(17.3	)	$	(63.2	)	$	1.1		$	—	$	(79.4	)
INVESTING ACTIVITIES
Purchases of property and equipment	(1.6		)	(3.5		)	(0.4		)	—		(5.5		)
Purchases of marketable securities	(162.8		)	—			—			—		(162.8		)
Proceeds from the sale or maturity of marketable securities	157.5			—			—			—		157.5
Decrease (increase) in restricted cash	8.6			(0.1		)	(0.1		)	—		8.4
Net principal increase of other mortgage loans and real estate owned	—			—			(3.2		)	—		(3.2		)
Net cash provided by (used in) investing activities	1.7			(3.6		)	(3.7		)	—		(5.6		)
FINANCING ACTIVITIES
Net change in notes payable	(11.6		)	(1.3		)	47.3			—		34.4
Net change in intercompany receivables/payables	(26.8		)	70.0			(43.2		)	—		—
Proceeds from stock associated with certain employee benefit plans	21.6			—			—			—		21.6
Cash dividends paid	(23.8		)	—			—			—		(23.8		)
Net cash (used in) provided by financing activities	(40.6		)	68.7			4.1			—		32.2
(Decrease) increase in cash and cash equivalents	(56.2		)	1.9			1.5			—		(52.8		)
Cash and cash equivalents at beginning of period	681.3			31.3			20.0			—		732.6
Cash and cash equivalents at end of period	$	625.1		$	33.2		$	21.5		$	—	$	679.8