1 unchanged sentence
Our common stock is listed on the New York Stock Exchange (NYSE) under the symbol “DHI.” As of November 12, 2020, the closing price of our common stock on the NYSE was $71.42, and there were approximately 302 holders of record.
−Removed: In November 2019 , our Board of Directors approved a cash dividend of $0.175 per common share, payable on December 11, 2019 , to stockholders of record on November 27, 2019 .
+Added: In November 2020, our Board of Directors approved a quarterly cash dividend of $0.20 per common share, payable on December 14, 2020, to stockholders of record on December 4, 2020.
The declaration of future cash dividends is at the discretion of our Board of Directors and will depend upon, among other things, our future earnings, cash flows, capital requirements, financial condition and general business conditions.
−Removed: We may repurchase shares of our common stock from time to time pursuant to our common stock repurchase authorization.
−Removed: The following table sets forth information concerning our common stock repurchases during the three months ended September 30, 2019 .
−Removed: All share repurchases were made in accordance with the safe harbor provisions of Rule 10b-18 under the Securities Exchange Act of 1934, as amended.
−Removed: Total Number of Shares Purchased (1)
−Removed: Average Price Paid per Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
−Removed: Approximate Dollar Value of Shares that may yet be Purchased Under the Plans or Programs (1)
−Removed: (In millions)
−Removed: July 1, 2019 - July 31, 2019
−Removed: August 1, 2019 - August 31, 2019
−Removed: September 1, 2019 - September 30, 2019
−Removed: ______________
−Removed: Effective July 30, 2019 , our Board of Directors authorized the repurchase of up to $1.0 billion of our common stock, which replaced the previous authorization that we used to repurchase 9.8 million shares of our common stock during the nine months ended June 30, 2019.
−Removed: The new authorization has no expiration date.
−Removed: During August and September 2019, we purchased 2.1 million shares of our common stock for $104.3 million , resulting in a remaining authorization of $895.7 million at September 30, 2019 .
−Removed: During fiscal years 2019 , 2018 and 2017 , we did not sell any equity securities that were not registered under the Securities Act of 1933, as amended.
+Added: We may repurchase shares of our common stock from time to time pursuant to our $1.0 billion common stock repurchase authorization, which was approved by our Board of Directors effective July 30, 2019 and has no expiration date.
+Added: During fiscal 2020, we purchased 7.0 million shares of our common stock for $360.4 million, none of which were purchased in the three months ended September 30, 2020.
+Added: All share repurchases were made in accordance with the safe harbor provisions of Rule 10b-18 under the Securities Exchange Act of 1934, as amended (Exchange Act).
+Added: At September 30, 2020, our remaining stock repurchase authorization was $535.3 million.
+Added: During fiscal years 2020, 2019 and 2018, we did not sell any equity securities that were not registered under the Securities Act of 1933, as amended (Securities Act).
The information required by this item with respect to equity compensation plans is set forth under Item 12 of this annual report on Form 10-K and is incorporated herein by reference.
9 unchanged sentences
Year Ended September 30,
+Added: 2015 2016 2017 2018 2019 2020
+Added: $ 100.00 $ 103.97 $ 139.22 $ 148.68 $ 188.55 $ 273.89
S&P 500 Index 100.00 115.43 136.91 161.43 168.30 193.80
S&P 1500 Homebuilding Index 100.00 99.41 137.60 130.15 174.76 232.77
−Removed: This performance graph shall not be deemed to be incorporated by reference into our SEC filings and should not constitute soliciting material or otherwise be considered filed under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.
+Added: This performance graph shall not be deemed to be incorporated by reference into our SEC filings and should not constitute soliciting material or otherwise be considered filed under the Securities Act or the Exchange Act.
SELECTED FINANCIAL DATA
The following selected financial data are derived from our consolidated financial statements and should be read in conjunction with Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” Item 1A, “Risk Factors,” Item 8, “Financial Statements and Supplementary Data,” and all other financial data contained in this annual report on Form 10-K.
−Removed: As described in Note A to the financial statements, we have changed the presentation of our consolidated balance sheets and statements of operations to present our homebuilding, Forestar, financial services and other operations on a combined basis.
−Removed: The financial data in the tables below, including prior year amounts, reflect this presentation.
These historical results are not necessarily indicative of the results to be expected in the future.
Year Ended September 30,
+Added: 2020 2019 2018 2017 2016
(In millions, except per share data)
Consolidated Operating Data:
+Added: Revenues $ 20,311.1 $ 17,592.9 $ 16,068.0 $ 14,091.0 $ 12,157.4
Cost of sales 15,373.2 13,720.9 12,398.1 11,042.8 9,502.6
3 unchanged sentences
Net income attributable to D.R.
+Added: 2,373.7 1,618.5 1,460.3 1,038.4 886.3
Net income per common share attributable to D.R.
Horton, Inc.:
+Added: Basic 6.49 4.34 3.88 2.77 2.39
+Added: Diluted 6.41 4.29 3.81 2.74 2.36
Cash dividends declared per common share 0.70 0.60 0.50 0.40 0.32
September 30,
+Added: 2020 2019 2018 2017 2016
(In millions)
1 unchanged sentence
Cash and cash equivalents $ 3,018.5 $ 1,494.3 $ 1,473.1 $ 1,007.8 $ 1,303.2
+Added: Inventories 12,237.4 11,282.0 10,395.0 9,237.1 8,340.9
+Added: Total assets 18,912.3 15,606.6 14,114.6 12,184.6 11,558.9
Notes payable 4,283.3 3,399.4 3,203.5 2,871.6 3,271.3
1 unchanged sentence
Stockholders’ equity 11,840.0 10,020.9 8,984.4 7,747.1 6,792.5
+Added: Total equity 12,121.5 10,295.1 9,158.9 7,747.6 6,793.0
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.