Forestar Group Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $167.9M | $203.4M | $166.9M | $178.8M | $110.2M | $60.8M | $33.0M | $50.3M |
| Depreciation & Amortization | $3.5M | $3.0M | $3.0M | $2.7M | $2.7M | $4.9M | $6.7M | $5.5M |
| Depreciation | $1.3M | $1.1M | $1.0M | $700.0K | $400.0K | $300.0K | $300.0K | $400.0K |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $7.3M | $5.3M | $4.3M | $3.3M | $2.6M | $2.0M | $1.3M | $6.6M |
| Net Cash from Operating Activities | $-197.7M | $-158.4M | $364.1M | $108.7M | $-303.1M | $-168.4M | $-391.2M | $-15.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $2.2M | $2.2M | $1.3M | $3.5M | $1.6M | $600.0K | $900.0K | $2.5M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $3.2M | $7.3M | $300.0K | $1.3M | $1.0M | $5.0M | $-800.0K | $134.5M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | $0 |
| Net Cash from Financing Activities | $92.5M | $16.3M | $-13.2M | $1.2M | $61.4M | $174.9M | $439.8M | $-22.5M |
| Net Change in Cash | $-102.0M | $-134.8M | $351.2M | $111.2M | $-240.7M | $11.5M | $47.8M | $56.9M |
| Free Cash Flow | $-199.9M | $-160.6M | $362.8M | $105.2M | $-304.7M | $-169.0M | $-392.1M | $-17.8M |