XML 43 R32.htm IDEA: XBRL DOCUMENT v3.20.4
Segment Information (Details) - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Sep. 30, 2020
Assets [Abstract]      
Cash and cash equivalents $ 2,454.9   $ 3,018.5
Restricted cash 20.0   21.6
Inventories:      
Construction in progress and finished homes 6,598.8   5,984.1
Residential land and lots — developed and under development 6,856.1   6,171.8
Land held for development 97.8   53.2
Land held for sale 23.8   28.3
Total inventories 13,576.5   12,237.4
Mortgage loans held for sale 1,438.9   1,529.0
Deferred income taxes, net 142.0   144.9
Property and equipment, net 748.4   683.7
Other assets 1,236.2   1,113.7
Goodwill 163.5   163.5
Total assets 19,780.4   18,912.3
Liabilities [Abstract]      
Accounts payable 845.6   900.5
Accrued expenses and other liabilities 1,938.9   1,607.0
Notes payable 4,225.6   4,283.3
Total liabilities 7,010.1   6,790.8
Revenues      
Total revenues 5,933.4 $ 4,020.7  
Inventory and land option charges 8.3 3.8  
Cost of sales 4,332.5 3,084.2  
Selling, General and Administrative Expense 585.9 455.8  
Gain on sale of assets (14.0) (31.1)  
Other (income) expense (5.3) (11.5)  
Income (loss) before income taxes 1,034.3 523.3  
Depreciation and amortization 20.4 19.0  
Net cash used in operating activities (252.1) (113.8)  
Intersegment Eliminations [Member]      
Assets [Abstract]      
Cash and cash equivalents 0.0   0.0
Restricted cash 0.0   0.0
Inventories:      
Construction in progress and finished homes (66.3)   (53.4)
Residential land and lots — developed and under development (36.1)   (33.9)
Land held for development 0.0   0.0
Land held for sale 0.0   0.0
Total inventories (102.4)   (87.3)
Mortgage loans held for sale 0.0   0.0
Deferred income taxes, net (0.6)   2.6
Property and equipment, net (4.6)   (3.0)
Other assets (92.9)   (96.1)
Goodwill 29.2   29.2
Total assets (171.3)   (154.6)
Liabilities [Abstract]      
Accounts payable 0.0   0.0
Accrued expenses and other liabilities (133.4)   (128.1)
Notes payable (3.8)   (4.8)
Total liabilities (137.2)   (132.9)
Revenues      
Total revenues (294.2) (221.2)  
Inventory and land option charges 0.0 0.0  
Cost of sales (277.2) (200.8)  
Selling, General and Administrative Expense 0.1 0.2  
Gain on sale of assets 0.0 0.0  
Other (income) expense (0.7) 0.0  
Income (loss) before income taxes (16.4) (20.6)  
Depreciation and amortization 0.1 0.1  
Net cash used in operating activities 1.5 (11.1)  
Financial Services [Member]      
Assets [Abstract]      
Cash and cash equivalents 65.3   55.6
Restricted cash 9.0   11.9
Inventories:      
Construction in progress and finished homes 0.0   0.0
Residential land and lots — developed and under development 0.0   0.0
Land held for development 0.0   0.0
Land held for sale 0.0   0.0
Total inventories 0.0   0.0
Mortgage loans held for sale 1,438.9   1,529.0
Deferred income taxes, net 0.0   0.0
Property and equipment, net 3.7   3.9
Other assets 121.5   125.8
Goodwill 0.0   0.0
Total assets 1,638.4   1,726.2
Liabilities [Abstract]      
Accounts payable 0.0   0.0
Accrued expenses and other liabilities 101.0   86.8
Notes payable 969.1   1,132.6
Total liabilities 1,070.1   1,219.4
Revenues      
Total revenues 187.2 102.9  
Inventory and land option charges 0.0 0.0  
Cost of sales 0.0 0.0  
Selling, General and Administrative Expense 109.5 77.9  
Gain on sale of assets 0.0 0.0  
Other (income) expense (6.4) (5.5)  
Income (loss) before income taxes 84.1 30.5  
Depreciation and amortization 0.4 0.4  
Net cash used in operating activities 173.1 83.5  
Home Building [Member]      
Assets [Abstract]      
Cash and cash equivalents 2,129.3   2,551.1
Restricted cash 10.8   9.5
Inventories:      
Construction in progress and finished homes 6,665.1   6,037.5
Residential land and lots — developed and under development 5,407.3   4,901.4
Land held for development 42.3   47.8
Land held for sale 23.8   28.3
Total inventories 12,138.5   11,015.0
Mortgage loans held for sale 0.0   0.0
Deferred income taxes, net 142.6   142.3
Property and equipment, net 388.3   372.8
Other assets 1,121.7   996.4
Goodwill 134.3   134.3
Total assets 16,065.5   15,221.4
Liabilities [Abstract]      
Accounts payable 786.4   859.3
Accrued expenses and other liabilities 1,741.6   1,438.3
Notes payable 2,606.2   2,514.4
Total liabilities 5,134.2   4,812.0
Revenues      
Total revenues 5,718.6 3,883.0  
Inventory and land option charges 7.9 3.5  
Cost of sales 4,346.8 3,068.4  
Selling, General and Administrative Expense 451.2 358.4  
Gain on sale of assets (13.1) 0.0  
Other (income) expense (1.5) (5.4)  
Income (loss) before income taxes 935.2 461.6  
Depreciation and amortization 15.4 16.5  
Net cash used in operating activities (269.2) (178.4)  
Forestar Group [Member]      
Assets [Abstract]      
Cash and cash equivalents 237.4   394.3
Restricted cash 0.0   0.0
Inventories:      
Construction in progress and finished homes 0.0   0.0
Residential land and lots — developed and under development 1,484.9   1,304.3
Land held for development 55.5   5.4
Land held for sale 0.0   0.0
Total inventories 1,540.4   1,309.7
Mortgage loans held for sale 0.0   0.0
Deferred income taxes, net 0.0   0.0
Property and equipment, net 1.9   1.1
Other assets 29.4   34.8
Goodwill 0.0   0.0
Total assets 1,809.1   1,739.9
Liabilities [Abstract]      
Accounts payable 42.2   29.2
Accrued expenses and other liabilities 218.8   197.8
Notes payable 654.1   641.1
Total liabilities 915.1   868.1
Revenues      
Total revenues 307.1 247.2  
Inventory and land option charges 0.4 0.3  
Cost of sales 262.9 216.6  
Selling, General and Administrative Expense 15.5 10.5  
Gain on sale of assets 0.0 0.1  
Other (income) expense (0.5) (2.2)  
Income (loss) before income taxes 29.2 22.2  
Depreciation and amortization 0.1 0.1  
Net cash used in operating activities (158.7) (11.7)  
Other Segments [Member]      
Assets [Abstract]      
Cash and cash equivalents 22.9   17.5
Restricted cash 0.2   0.2
Inventories:      
Construction in progress and finished homes 0.0   0.0
Residential land and lots — developed and under development 0.0   0.0
Land held for development 0.0   0.0
Land held for sale 0.0   0.0
Total inventories 0.0   0.0
Mortgage loans held for sale 0.0   0.0
Deferred income taxes, net 0.0   0.0
Property and equipment, net 359.1   308.9
Other assets 56.5   52.8
Goodwill 0.0   0.0
Total assets 438.7   379.4
Liabilities [Abstract]      
Accounts payable 17.0   12.0
Accrued expenses and other liabilities 10.9   12.2
Notes payable 0.0   0.0
Total liabilities 27.9   24.2
Revenues      
Total revenues 14.7 8.8  
Inventory and land option charges 0.0 0.0  
Cost of sales 0.0 0.0  
Selling, General and Administrative Expense 9.6 8.8  
Gain on sale of assets (0.9) (31.2)  
Other (income) expense 3.8 1.6  
Income (loss) before income taxes 2.2 29.6  
Depreciation and amortization 4.4 1.9  
Net cash used in operating activities 1.2 3.9  
East [Member] | Home Building [Member]      
Inventories:      
Total inventories 1,444.3   1,328.3
Revenues      
Total revenues 809.2 520.5  
Inventory and land option charges 0.6 0.1  
Income (loss) before income taxes 132.5 59.9  
Midwest [Member] | Home Building [Member]      
Inventories:      
Total inventories 1,079.7   958.5
Revenues      
Total revenues 413.1 282.6  
Inventory and land option charges 0.1 0.1  
Income (loss) before income taxes 49.2 18.6  
Southeast [Member] | Home Building [Member]      
Inventories:      
Total inventories 3,142.8   2,919.9
Revenues      
Total revenues 1,778.4 1,150.6  
Inventory and land option charges 6.7 1.4  
Income (loss) before income taxes 305.8 146.3  
South Central [Member] | Home Building [Member]      
Inventories:      
Total inventories 3,255.8   2,879.9
Revenues      
Total revenues 1,474.9 958.7  
Inventory and land option charges 0.1 1.5  
Income (loss) before income taxes 264.7 132.6  
Southwest [Member] | Home Building [Member]      
Inventories:      
Total inventories 849.2   695.8
Revenues      
Total revenues 232.6 211.0  
Inventory and land option charges 0.1 0.1  
Income (loss) before income taxes 38.6 34.5  
West [Member] | Home Building [Member]      
Inventories:      
Total inventories 2,143.6   2,009.1
Revenues      
Total revenues 1,010.4 759.6  
Inventory and land option charges 0.3 0.3  
Income (loss) before income taxes 144.4 69.7  
Corporate, Non-Segment [Member] | Home Building [Member]      
Inventories:      
Total inventories 223.1   223.5
Multifamily [Member] | Other Segments [Member]      
Inventories:      
Total assets 294.3   $ 246.2
Financial Service [Member]      
Revenues      
Home sales 187.2 102.9  
Financial Service [Member] | Intersegment Eliminations [Member]      
Revenues      
Home sales 0.0 0.0  
Financial Service [Member] | Financial Services [Member]      
Revenues      
Home sales 187.2 102.9  
Financial Service [Member] | Home Building [Member]      
Revenues      
Home sales 0.0 0.0  
Financial Service [Member] | Forestar Group [Member]      
Revenues      
Home sales 0.0 0.0  
Financial Service [Member] | Other Segments [Member]      
Revenues      
Home sales 0.0 0.0  
Land [Member]      
Revenues      
Home sales 47.5 54.5  
Cost of Goods and Services Sold 26.8 35.5  
Land [Member] | Intersegment Eliminations [Member]      
Revenues      
Home sales (294.2) (221.2)  
Cost of Goods and Services Sold (249.5) (194.1)  
Land [Member] | Financial Services [Member]      
Revenues      
Home sales 0.0 0.0  
Cost of Goods and Services Sold 0.0 0.0  
Land [Member] | Home Building [Member]      
Revenues      
Home sales 19.9 19.7  
Cost of Goods and Services Sold 13.8 13.3  
Land [Member] | Forestar Group [Member]      
Revenues      
Home sales 307.1 247.2  
Cost of Goods and Services Sold 262.5 216.3  
Land [Member] | Other Segments [Member]      
Revenues      
Home sales 14.7 8.8  
Cost of Goods and Services Sold 0.0 0.0  
Home Building [Member]      
Revenues      
Home sales 5,698.7 3,863.3  
Cost of Goods and Services Sold 4,297.4 3,044.9  
Home Building [Member] | Intersegment Eliminations [Member]      
Revenues      
Home sales 0.0 0.0  
Cost of Goods and Services Sold (27.7) (6.7)  
Home Building [Member] | Financial Services [Member]      
Revenues      
Home sales 0.0 0.0  
Cost of Goods and Services Sold 0.0 0.0  
Home Building [Member] | Home Building [Member]      
Revenues      
Home sales 5,698.7 3,863.3  
Cost of Goods and Services Sold 4,325.1 3,051.6  
Home Building [Member] | Forestar Group [Member]      
Revenues      
Home sales 0.0 0.0  
Cost of Goods and Services Sold 0.0 0.0  
Home Building [Member] | Other Segments [Member]      
Revenues      
Home sales 0.0 0.0  
Cost of Goods and Services Sold $ 0.0 $ 0.0