For the quarter ending 2025-12-31, DHI had -$480,300K decrease in cash & cash equivalents over the period. $826,600K in free cash flow.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 |
|---|---|---|---|---|
| Net income | 601,400 | 916,800 | 1,033,100 | 819,100 |
| Depreciation and amortization | 27,700 | 27,400 | 25,200 | 24,600 |
| Stock-based compensation expense | 41,400 | 29,900 | 25,900 | 32,200 |
| Deferred income taxes | -19,500 | -22,000 | -8,100 | -53,000 |
| Inventory and land option charges | 11,200 | 57,300 | 54,200 | 30,000 |
| Decrease in construction in progress and finished homes | -398,800 | -1,374,900 | 375,900 | -48,100 |
| Increase in residential land and lots developed, under development, held for development and held for sale | 489,100 | 403,200 | -107,800 | 345,400 |
| Increase in rental properties | 180,600 | -426,200 | 14,800 | 129,500 |
| Decrease in other assets | -20,100 | 111,700 | 13,600 | 188,100 |
| Decrease in mortgage loans held for sale | -657,700 | -201,200 | 312,700 | 660,600 |
| (decrease) increase in accounts payable, accrued expenses and other liabilities | -254,100 | -69,000 | 201,300 | -119,600 |
| Net cash provided by operating activities | 854,000 | 2,471,800 | 738,600 | -436,200 |
| Expenditures for property and equipment | 27,400 | 43,800 | 46,000 | 34,300 |
| Proceeds from sale of assets | - | 4,500 | 18,400 | 0 |
| Payments related to business acquisitions, net of cash acquired | 82,100 | 0 | 0 | 2,100 |
| Other investing activities | 6,700 | 5,900 | 1,400 | 1,000 |
| Net cash used in investing activities | -116,200 | -45,200 | -29,000 | -37,400 |
| Proceeds from notes payable | 305,000 | 260,000 | 790,000 | 1,562,000 |
| Repayment of notes payable | 154,900 | 1,251,700 | 325,000 | 810,700 |
| Repayment on mortgage repurchase facilities, net | -579,300 | -295,900 | 256,800 | 660,500 |
| Proceeds from stock associated with certain employee benefit plans | - | 10,000 | 0 | 8,500 |
| Cash paid for shares withheld for taxes | 29,700 | 0 | 800 | 35,800 |
| Cash dividends paid | 131,500 | 118,400 | 122,400 | 125,500 |
| Repurchases of common stock | 649,200 | 705,300 | 1,168,400 | 1,352,200 |
| Net proceeds from issuance of forestar common stock | - | 0 | 0 | 0 |
| Net other financing activities | 21,500 | 43,100 | 7,000 | 15,900 |
| Net cash used in financing activities | -1,218,100 | -2,058,200 | -562,800 | -77,300 |
| Net decrease in cash, cash equivalents and restricted cash | -480,300 | 368,400 | 146,800 | -550,900 |
| Cash and cash equivalents at beginning of period | 3,033,300 | 2,664,900 | 2,518,100 | 3,069,000 |
| Cash and cash equivalents at end of period | 2,553,000 | 3,033,300 | 2,664,900 | 2,518,100 |
HORTON D R INC DE (DHI)
HORTON D R INC DE (DHI)