CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2021	Sep. 30, 2020
ASSETS
Cash and cash equivalents	$ 153.6	$ 394.3
Real estate	1,905.2	1,309.7
Investment in unconsolidated ventures	0.9	3.6
Income taxes receivable	0.0	6.3
Property and equipment, net	2.9	1.1
Other Assets	39.1	24.9
Total assets	2,101.7	1,739.9
LIABILITIES
Accounts payable	47.4	29.2
Accrued development costs	104.5	44.4
Earnest money on sales contracts	148.3	98.3
Deferred tax liability, net	24.4	5.7
Accrued expenses and other liabilities	56.7	49.4
Debt	704.5	641.1
Total liabilities	1,085.8	868.1
Commitments and contingencies (Note 12)
Forestar Group Inc. shareholders’ equity:
Common stock, par value $1.00 per share, 200,000,000 authorized shares, 49,580,389 and 48,061,921 shares issued and outstanding at September 30, 2021 and 2020, respectively	49.6	48.1
Additional paid-in capital	636.2	603.9
Retained earnings	329.1	218.9
Stockholders' equity	1,014.9	870.9
Noncontrolling interests	1.0	0.9
Total equity	1,015.9	871.8
Total liabilities and equity	$ 2,101.7	$ 1,739.9