MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: 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 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.
+Added: Our common stock is listed on the NYSE under the symbol “DHI.” As of November 11, 2021, the closing price of our common stock on the NYSE was $96.36, and there were approximately 284 holders of record.
+Added: In October 2021, our Board of Directors approved a quarterly cash dividend of $0.225 per common share, payable on December 15, 2021, to stockholders of record on December 6, 2021.
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 $1.0 billion common stock repurchase authorization, which was approved by our Board of Directors effective July 30, 2019 and has no expiration date.
−Removed: 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: 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 April 20, 2021, and which replaced our prior $1.0 billion common stock repurchase authorization.
+Added: The authorization has no expiration date.
+Added: During fiscal 2021, we purchased 10.4 million shares of our common stock for $874.0 million.
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).
At September 30, 2021, our remaining stock repurchase authorization was $546.2 million.
+Added: The following table sets forth information concerning our common stock repurchases during the three months ended September 30, 2021.
+Added: Total Number of Shares Purchased
+Added: Average Price Paid per Share
+Added: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that may yet be Purchased Under the Plans or Programs
+Added: (In millions)
+Added: July 1, 2021 - July 31, 2021 — $ — — $ 758.8
+Added: August 1, 2021 - August 31, 2021 760,204 93.68 760,204 687.6
+Added: September 1, 2021 - September 30, 2021 1,579,296 89.53 1,579,296 546.2
+Added: Total 2,339,500 $ 90.88 2,339,500 $ 546.2
During fiscal years 2021, 2020 and 2019, we did not sell any equity securities that were not registered under the Securities Act of 1933, as amended (Securities Act).
7 unchanged sentences
The graph and related disclosure in no way reflect our forecast of future financial performance.
−Removed: Comparison of Five-Year Cumulative Total Return
−Removed: Horton, Inc., S&P 500 Index and S&P 1500 Homebuilding Index
−Removed: Year Ended September 30,
+Added: September 30,
2016 2017 2018 2019 2020 2021
3 unchanged sentences
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.
−Removed: SELECTED FINANCIAL DATA
−Removed: 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: These historical results are not necessarily indicative of the results to be expected in the future.
−Removed: Year Ended September 30,
−Removed: 2020 2019 2018 2017 2016
−Removed: (In millions, except per share data)
−Removed: Consolidated Operating Data:
−Removed: Revenues $ 20,311.1 $ 17,592.9 $ 16,068.0 $ 14,091.0 $ 12,157.4
−Removed: Cost of sales 15,373.2 13,720.9 12,398.1 11,042.8 9,502.6
−Removed: Selling, general and administrative expense 2,047.8 1,832.5 1,676.8 1,471.6 1,320.3
−Removed: Income before income taxes 2,983.0 2,125.3 2,060.0 1,602.1 1,353.5
−Removed: Income tax expense 602.5 506.7 597.7 563.7 467.2
−Removed: Net income attributable to D.R.
−Removed: 2,373.7 1,618.5 1,460.3 1,038.4 886.3
−Removed: Net income per common share attributable to D.R.
−Removed: Horton, Inc.:
−Removed: Basic 6.49 4.34 3.88 2.77 2.39
−Removed: Diluted 6.41 4.29 3.81 2.74 2.36
−Removed: Cash dividends declared per common share 0.70 0.60 0.50 0.40 0.32
−Removed: September 30,
−Removed: 2020 2019 2018 2017 2016
−Removed: (In millions)
−Removed: Consolidated Balance Sheet Data:
−Removed: Cash and cash equivalents $ 3,018.5 $ 1,494.3 $ 1,473.1 $ 1,007.8 $ 1,303.2
−Removed: Inventories 12,237.4 11,282.0 10,395.0 9,237.1 8,340.9
−Removed: Total assets 18,912.3 15,606.6 14,114.6 12,184.6 11,558.9
−Removed: Notes payable 4,283.3 3,399.4 3,203.5 2,871.6 3,271.3
−Removed: Total liabilities 6,790.8 5,311.5 4,955.7 4,437.0 4,765.9
−Removed: Stockholders’ equity 11,840.0 10,020.9 8,984.4 7,747.1 6,792.5
−Removed: 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.