Forestar Group Inc. (FOR)

Forestar Group Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022
Period Ending	Dec 31, 2025	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Dec 31, 2022	Sep 30, 2022
Net Income	166.8	167.9	203.4	166.9	166.9	178.8
Depreciation & Amortization	3.6	3.5	3	3	3	2.7
Stock-Based Compensation	7.8	7.3	5.3	4.3	4.3	3.3
Other Adjustments	23.6	22	11.4	36.2	37.8	20.6
Changes in Inventories	-119.4	-384.8	-469.9	206.3	206.3	-142.3
Changes in Accounts Payable	17.3	-14.4	24.7	-12.7	-12.7	40.9
Changes in Accrued Expenses	0.2	-12.8	40.5	-18.2	-18.2	17.8
Changes in Other Operating Activities	-5.4	13.6	23.2	-21.7	-21.7	-13.1
Operating Cash Flow	95.3	-197.7	-158.4	364.1	364.1	108.7
Operating Cash Flow Growth	-	-	-	-	234.96%	-
Capital Expenditures	-2.3	-2.2	-2.2	-1.3	-1.3	-3.5
Sale of Property, Plant & Equipment	4.5	4.5	9.5	1.6	-	3.2
Proceeds from Sale of Investments	0.45	0.9	-	-	-	1.6
Investing Cash Flow	2.2	3.2	7.3	0.3	0.3	1.3
Long-Term Debt Issued	425	780	-	-	-	-
Long-Term Debt Repaid	-689.9	-680	-	-12.5	-	-
Net Long-Term Debt Issued (Repaid)	-264.9	100	-	-12.5	-	-
Issuance of Common Stock	-	0.5	19.7	-	-	1.7
Repurchase of Common Stock	-2.2	-1.8	-3.4	-0.7	-0.7	-0.5
Net Common Stock Issued (Repurchased)	-2.2	-1.3	16.3	-0.7	-0.7	1.2
Other Financing Activities	-3	-6.2	-	-	-	-
Financing Cash Flow	-17.8	92.5	16.3	-13.2	-13.2	1.2
Net Cash Flow	79.7	-102	-134.8	351.2	351.2	111.2
Free Cash Flow	93	-199.9	-160.6	362.8	362.8	105.2
Free Cash Flow Growth	-	-	-	-	244.87%	-
FCF Margin	5.52%	-12.02%	-10.64%	25.25%	25.25%	6.93%
Free Cash Flow Per Share	1.82	-3.92	-3.16	7.24	7.24	2.11
Levered Free Cash Flow	-204.1	-129.2	-177.3	309.8	322.3	81.3
Unlevered Free Cash Flow	53.46	-237.01	-199.36	310.85	310.85	77.21

Updated Jan 20, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q