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Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and cash equivalents $ 367,756,000 $ 321,783,000
Restricted cash 40,000,000 40,017,000
Real estate 360,875,000 130,380,000
Assets held for sale 1,360,000 181,607,000
Investment in unconsolidated ventures 17,965,000 64,579,000
Receivables, net 3,013,000 6,307,000
Income taxes receivable 6,907,000 6,674,000
Prepaid expenses 3,080,000 2,880,000
Land purchase contract deposits 3,470,000 238,000
Property and equipment, net 1,792,000 2,003,000
Deferred tax asset, net 1,311,000 2,028,000
Intangible assets 448,000 448,000
Other assets 2,882,000 2,968,000
TOTAL ASSETS 810,859,000 761,912,000
LIABILITIES AND EQUITY    
Accounts payable 4,240,000 2,382,000
Accrued employee compensation and benefits 5,374,000 8,994,000
Accrued property taxes 1,509,000 2,153,000
Accrued interest 1,489,000 1,489,000
Earnest money deposits on sales contracts 41,623,000 11,940,000
Other accrued expenses 12,610,000 5,942,000
Liabilities held for sale 0 1,017,000
Other liabilities 13,312,000 13,934,000
Debt, net 110,515,000 108,429,000
TOTAL LIABILITIES 190,672,000 156,280,000
COMMITMENTS AND CONTINGENCIES (Note 13)
Forestar Group Inc. shareholders’ equity:    
Common stock, par value $1.00 per share, 200,000,000 authorized shares, 41,938,936 issued at June 30, 2018 and at December 31, 2017 41,939,000 41,939,000
Additional paid-in capital 506,183,000 505,977,000
Retained earnings 70,251,000 56,296,000
Total Forestar Group Inc. shareholders’ equity 618,373,000 604,212,000
Noncontrolling interests 1,814,000 1,420,000
TOTAL EQUITY 620,187,000 605,632,000
TOTAL LIABILITIES AND EQUITY $ 810,859,000 $ 761,912,000