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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 395,359 $ 265,798
Real estate 267,251 293,003
Assets of discontinued operations 0 14
Assets held for sale 14,453 30,377
Investment in unconsolidated ventures 72,920 77,611
Receivables, net 13,004 8,931
Income taxes receivable 23,818 10,867
Prepaid expenses 2,641 2,000
Property and equipment, net 1,046 3,116
Deferred tax asset, net 269 323
Goodwill 0 37,900
Other assets 2,772 3,268
TOTAL ASSETS 793,533 733,208
LIABILITIES AND EQUITY    
Accounts payable 3,972 4,804
Accrued employee compensation and benefits 2,556 4,126
Accrued property taxes 2,280 2,008
Accrued interest 533 1,585
Earnest money deposits 11,946 10,511
Other accrued expenses 7,203 12,598
Liabilities of discontinued operations 0 5,295
Liabilities held for sale 0 103
Other liabilities 18,275 19,702
Debt, net 115,505 110,358
TOTAL LIABILITIES 162,270 171,090
COMMITMENTS AND CONTINGENCIES
Forestar Group Inc. shareholders’ equity:    
Preferred stock, par value $0.01 per share, 200,000 authorized shares at third quarter-end 2017 and none at year-end 2016, none issued 0 0
Common stock, par value $1.00 per share, 200,000,000 authorized shares, 44,803,603 issued at third quarter-end 2017 and year-end 2016 44,804 44,804
Additional paid-in capital 549,382 553,005
Retained earnings 80,430 12,602
Treasury stock, at cost, 2,864,667 shares at third quarter-end 2017 and 3,187,253 shares at year-end 2016 (44,532) (49,760)
Total Forestar Group Inc. shareholders’ equity 630,084 560,651
Noncontrolling interests 1,179 1,467
TOTAL EQUITY 631,263 562,118
TOTAL LIABILITIES AND EQUITY $ 793,533 $ 733,208