Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Sep. 30, 2020

Quarterly Financial Data [Abstract]

Summary of quarterly results of operations

Consolidated quarterly results of operations for fiscal 2020 and 2019 were (in millions, except per share amounts):

	Fiscal 2020
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Revenues	$	4,020.7	$	4,500.0	$	5,390.0	$	6,400.4
Income before income taxes	523.3		621.3		782.4		1,056.1
Income tax expense (1)	90.8		137.3		149.5		224.9
Net income	432.5		484.0		632.9		831.2
Net income attributable to noncontrolling interests	1.2		1.3		2.2		2.2
Net income attributable to D.R. Horton, Inc.	431.3		482.7		630.7		829.0
Basic net income per common share attributable to D.R. Horton, Inc.	1.17		1.32		1.73		2.28
Diluted net income per common share attributable to D.R. Horton, Inc.	1.16		1.30		1.72		2.24

	Fiscal 2019
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Revenues	$	3,519.0	$	4,128.7	$	4,906.3	$	5,038.9
Income before income taxes	375.7		462.8		626.7		660.1
Income tax expense	89.0		108.4		153.1		156.2
Net income	286.7		354.4		473.6		503.9
Net (loss) income attributable to noncontrolling interests	(0.5)		3.1		(1.2)		(1.4)
Net income attributable to D.R. Horton, Inc.	287.2		351.3		474.8		505.3
Basic net income per common share attributable to D.R. Horton, Inc.	0.77		0.94		1.28		1.37
Diluted net income per common share attributable to D.R. Horton, Inc.	0.76		0.93		1.26		1.35

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(1)Income tax expense in the first, second, third and fourth quarters of fiscal 2020 include a tax benefit of $32.9 million, $6.6 million, $38.1 million and $15.8 million, respectively, related to federal energy efficient homes tax credits that were retroactively reinstated during the first quarter.