HORTON D R INC /DE/
For the period ended Sep 30, 2025. Filed Nov 19, 2025.
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FY2025 · Filed Nov 19, 2025
DHI$155.61+2.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| (In millions) | ||
| ASSETS | ||
| Cash and cash equivalents | $2,985.4 | $4,516.4 |
| Restricted cash | 47.9 | 27.6 |
| Total cash, cash equivalents and restricted cash | 3,033.3 | 4,544.0 |
| Inventories: | ||
| Construction in progress and finished homes | 7,648.5 | 8,875.8 |
| Residential land and lots — developed and under development | 14,695.8 | 12,948.1 |
| Land held for development | 218.3 | 160.6 |
| Land held for sale | 21.4 | 12.7 |
| Rental properties | 2,703.3 | 2,906.0 |
| Total inventory | 25,287.3 | 24,903.2 |
| Mortgage loans held for sale | 2,566.5 | 2,477.5 |
| Deferred income taxes, net of valuation allowance of $14.6 million and $14.9 million at September 30, 2025 and 2024, respectively | 44.5 | 167.5 |
| Property and equipment, net | 578.9 | 531.0 |
| Other assets | 3,797.2 | 3,317.6 |
| Goodwill | 163.5 | 163.5 |
| Total assets | $35,471.2 | $36,104.3 |
| LIABILITIES | ||
| Accounts payable | $1,221.9 | $1,345.5 |
| Accrued expenses and other liabilities | 3,541.6 | 3,016.7 |
| Notes payable | 5,965.5 | 5,917.7 |
| Total liabilities | 10,729.0 | 10,279.9 |
| Commitments and contingencies (Note L) | ||
| EQUITY | ||
| Preferred stock, $.10 par value, 30,000,000 shares authorized, no shares issued | — | — |
| Common stock, $.01 par value, 1,000,000,000 shares authorized, 404,031,443 shares issued and 294,475,153 shares outstanding at September 30, 2025 and 402,848,342 shares issued and 324,027,360 shares outstanding at September 30, 2024 | 4.0 | 4.0 |
| Additional paid-in capital | 3,576.1 | 3,490.7 |
| Retained earnings | 31,041.4 | 27,951.0 |
| Treasury stock, 109,556,290 shares and 78,820,982 shares at September 30, 2025 and 2024, respectively, at cost | (10,431.1) | (6,132.9) |
| Stockholders’ equity | 24,190.4 | 25,312.8 |
| Noncontrolling interests | 551.8 | 511.6 |
| Total equity | 24,742.2 | 25,824.4 |
| Total liabilities and equity | $35,471.2 | $36,104.3 |
| See accompanying notes to consolidated financial statements. | ||
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