Forestar Group Cash Flow Statement

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Net Income	166.8	167.9	203.4	166.9	178.8	110.2
Depreciation & Amortization	3.6	3.5	3	3	2.7	2.7
Loss (Gain) From Sale of Assets	-4.5	-4.5	-9.5	-1.6	-3.2	-2.5
Asset Writedown & Restructuring Costs	-0.3	-	-	19.4	12.5	3
Loss (Gain) on Equity Investments	-	-0.6	-	-	-1.2	-0.2
Stock-Based Compensation	7.8	7.3	5.3	4.3	3.3	2.6
Other Operating Activities	29.2	27.1	20.9	18.4	12.5	37.7
Change in Accounts Payable	17.3	-14.4	24.7	-12.7	40.9	28
Change in Unearned Revenue	3.3	21	50.9	-14.7	-11.5	49.7
Change in Income Taxes	-	-	-	-	-	6.3
Change in Other Net Operating Assets	-127.9	-405	-457.1	181.1	-126.1	-540.6
Operating Cash Flow	95.3	-197.7	-158.4	364.1	108.7	-303.1
Operating Cash Flow Growth	-	-	-	234.96%	-	-
Capital Expenditures	-2.3	-2.2	-2.2	-1.3	-3.5	-1.6
Sale of Property, Plant & Equipment	4.5	4.5	9.5	1.6	3.2	-
Investment in Securities	-	0.9	-	-	1.6	2.6
Investing Cash Flow	2.2	3.2	7.3	0.3	1.3	1
Long-Term Debt Issued	-	780	-	-	-	458
Total Debt Issued	680	780	-	-	-	458
Long-Term Debt Repaid	-	-680	-	-12.5	-	-422
Total Debt Repaid	-689.9	-680	-	-12.5	-	-422
Net Debt Issued (Repaid)	-9.9	100	-	-12.5	-	36
Issuance of Common Stock	0.5	0.5	19.7	-	1.7	33.4
Repurchase of Common Stock	-2.2	-1.8	-3.4	-0.7	-0.5	-0.6
Other Financing Activities	-6.2	-6.2	-	-	-	-7.4
Financing Cash Flow	-17.8	92.5	16.3	-13.2	1.2	61.4
Net Cash Flow	79.7	-102	-134.8	351.2	111.2	-240.7
Free Cash Flow	93	-199.9	-160.6	362.8	105.2	-304.7
Free Cash Flow Growth	-	-	-	244.87%	-	-
Free Cash Flow Margin	5.52%	-12.03%	-10.64%	25.25%	6.93%	-22.98%
Free Cash Flow Per Share	1.82	-3.92	-3.16	7.24	2.11	-6.22
Cash Income Tax Paid	30.8	30.8	45.7	44.7	42.4	4.3
Levered Free Cash Flow	137.48	108.09	199.4	111.53	183.38	178.3
Unlevered Free Cash Flow	137.48	108.09	199.4	111.53	183.38	178.3
Change in Working Capital	-107.3	-398.4	-381.5	153.7	-96.7	-456.6

Source: S&P Global Market Intelligence. Standard template. Financial Sources.