Operating
D.R. Horton·Cash Flow Statement·14 metrics
Breakdown
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Increase Decrease In Finished Goods And Work In Process Inventories | $153.9M | -$1B | -$181.7M | -$48.1M | $375.9M | -$1.4B | -$398.8M | $1.3B |
| Increase (Decrease) in Mortgage Loans Held-for-sale | -$93.6M | -$101.3M | -$683.1M | — | $312.7M | — | -$657.7M | $772M |
| Increase (Decrease) in Inventory for Long-Term Contracts or Programs | $641M | $564.4M | $1.2B | $345.4M | $0 | $403.2M | $489.1M | -$684M |
| Net income | $1.4B | $1.3B | $851.9M | $819.1M | $1B | $916.8M | $601.4M | $658M |
| Change in accounts payable | $129.6M | $54M | $71M | -$119.6M | $201.3M | — | -$254.1M | $335.3M |
| Increase (Decrease) in Rental Properties | — | — | $86.5M | $129.5M | $14.8M | -$426.2M | $180.6M | $116.9M |
| Change in other assets | $182M | $177M | -$65.2M | $188.1M | $13.6M | $111.7M | -$20.1M | $46.3M |
| Increase (Decrease) in Other Operating Assets | $182M | $177M | -$65.2M | $188.1M | $13.6M | $111.7M | -$20.1M | $46.3M |
| Stock-based compensation | $26.8M | $25.4M | $43M | $32.2M | $25.9M | $29.9M | $41.4M | $34.6M |
| Deferred income taxes | -$10M | — | -$40.1M | -$53M | -$8.1M | -$22M | -$19.5M | -$33.6M |
| Increase (Decrease) in Deferred Income Taxes | -$10M | — | -$40.1M | -$53M | -$8.1M | -$22M | -$19.5M | -$33.6M |
| Inventory and land option charges | $14.8M | $44.4M | $16.6M | $30M | $54.2M | $57.3M | $11.2M | $32.1M |
| Depreciation and amortization | $22.4M | $23.6M | $24.1M | $24.6M | $25.2M | $27.4M | $27.7M | $28.1M |
| Net cash from operating activities | $698.3M | $2B | $646.7M | — | $738.6M | $2.5B | $854M | — |