XML 44 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 147,979 $ 192,307
Real estate, net 526,810 519,464
Oil and gas properties and equipment, net 242,454 232,641
Investment in unconsolidated ventures 50,459 41,147
Timber 10,227 10,947
Receivables, net 31,937 39,252
Prepaid expenses 5,611 5,136
Property and equipment, net 6,275 6,112
Deferred tax asset, net 39,164 40,398
Goodwill and other intangible assets 66,622 66,646
Other assets 15,706 18,102
TOTAL ASSETS 1,143,244 1,172,152
LIABILITIES AND EQUITY    
Accounts payable 15,839 21,409
Accrued employee compensation and benefits 2,284 5,814
Accrued property taxes 2,351 3,822
Accrued interest 1,143 2,343
Income taxes payable 1,708 3,876
Other accrued expenses 33,182 32,927
Other liabilities 19,194 29,157
Debt 345,412 357,407
TOTAL LIABILITIES 421,113 456,755
COMMITMENTS AND CONTINGENCIES      
Forestar Group Inc. shareholders’ equity:    
Preferred Stock, Value, Issued 0 0
Common stock, par value $1.00 per share, 200,000,000 authorized shares, 36,946,603 issued at first quarter-end 2014 and year-end 2013 36,947 36,947
Additional paid-in capital 554,415 556,676
Retained earnings 158,752 150,418
Treasury stock, at cost, 2,031,919 shares at first quarter-end 2014 and 2,199,666 shares at year-end 2013 (31,779) (34,196)
Total Forestar Group Inc. shareholders’ equity 718,335 709,845
Noncontrolling interests 3,796 5,552
TOTAL EQUITY 722,131 715,397
TOTAL LIABILITIES AND EQUITY $ 1,143,244 $ 1,172,152