The Motley Fool

DECEMBER 15, 2023

homebuilding debt-to-total cap ratio with $6.3 billion plus or minus of net cash flow over the next year, we have the flexibility to invest capital strategically and growth while retiring debt as it matures and repurchasing shares of Lennar stock, which we expect to repurchase at least $2 billion of stock over the next year.

Resale 130

Resale Debt Assets Capital 130

The Motley Fool

AUGUST 6, 2024

We also successfully completed a tender exchange of our 2025 unsecured notes, extending the maturity to 2027 and reducing outstanding corporate debt by $137 million. As part of this transaction, we recorded a $6 million loss on the extinguishment of debt. During the second quarter, pull-through weighted rate lock volume was $5.8

Debt 130

Debt Leveraging Resale Liabilities 130

The Motley Fool

MARCH 7, 2024

And finally, Q1 industrial resales of $215 million declined 6% year on year. In fiscal '24, we continue to expand industrial resales to be down high single digits year upon year. billion of gross debt. The weighted average coupon rate and years to maturity of our $48 billion in fixed-rate debt is 3.5% years, respectively.

Resale 188

Resale Debt Banks Shareholders 188

The Motley Fool

JULY 25, 2024

These tenants allow us to target the biggest piece of the potential homebuyer pool by effectively competing its resale inventory, not just in today's environment that favors builders but also when the resale market returns to historical averages. We issued $575 million in new 1.75% convertible debt due 2028. as of June 30, 2024.

Resale 130

Resale Securities and Exchange Commission (SEC) Leveraging Banks 130

The Motley Fool

APRIL 18, 2024

Forestar had approximately $800 million of liquidity at quarter end with a net debt to capital ratio of 16.4%. Debt at the end of the quarter totaled $5.9 First, on the resale market, I'm curious some of your thoughts there. We do that to compete in the new-home market as much as we do against the resale market.

Resale 130

Resale Securities and Exchange Commission (SEC) Taxes Capital 130

The Motley Fool

NOVEMBER 1, 2023

year-to-year decline, 160 basis points came from a reduced level of low-margin resale revenues, which was in line with our expectations. Net interest expense increased $9 million year over year to $25 million, primarily due to a higher level of variable interest expense on short-term debt. Non-GAAP EPS was down $0.05

Resale 187

Resale Capital Taxes Assets 187

The Motley Fool

AUGUST 8, 2024

While resale revenues performed as expected, down 28% year over year, services revenue declined 8% helped by higher-than-anticipated in-quarter volumes. The lower mix of resale revenue also contributed to the year-to-year margin improvement. As planned, we incurred a modest increase to our debt levels to $4.1 Moving to GIS.

Resale 130

Resale Consultants Consulting Accounting 130

The Motley Fool

NOVEMBER 16, 2023

Our performance has kept the Children's Place brands in the leadership position on social media, representing close to 50% of total social impressions among our children apparel resale competitive set. Maybe, Sheamus, can you just give us -- elaborate a little bit more on the free cash flow outlook for the year and sort of debt paydown plans?

Securities and Exchange Commission (SEC) 188

Securities and Exchange Commission (SEC) Taxes Debt Resale 188

The Motley Fool

SEPTEMBER 15, 2023

debt to total capitalization, down from 13.3% billion cash position, our net debt to total capital is actually negative, and our balance sheet is being carefully managed to provide extraordinary liquidity and flexibility. And accordingly, we'll continue to retire debt and purchase stock opportunistically. billion, or $3.87

Resale 130

Resale Assets Debt Capital 130

The Motley Fool

OCTOBER 29, 2024

Forestar had approximately $860 million of liquidity at year-end with a net debt-to-capital ratio of 12.4%. Our debt at September 30 totaled $5.9 And in markets where there's pressure on insurance, we see a consistent and relatively stable insurance premiums, which are our competitive advantage against the resale market.

Resale 130

Resale Securities and Exchange Commission (SEC) Taxes Leveraging 130

The Motley Fool

JUNE 15, 2023

debt to total capital capitalization ratio, down from 14.2 If we reflect on our second-quarter results, we not only accomplished excellent cash flow and bottom-line results, but we repurchased $208 million of stock and we also repurchased approximately $158 million of senior debt due in fiscal 2024. We've repaid about 5.6

Resale 130

Resale Assets Debt Capital 130

The Motley Fool

JANUARY 23, 2024

Forestar had more than $840 million of liquidity at quarter-end with a net debt to capital ratio of 14.9%. Debt at the end of the quarter totaled $5.3 We also have a sizable debt maturity that's very early in fiscal '25 of $500 million in October. Obviously, resale inventory was incredibly tight. billion of cash and $3.1

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Leveraging Taxes 130

The Motley Fool

MAY 15, 2024

Credit card debts are at all-time highs. Resources that can be used to enhance output or resale so that can be leveraged to support other areas of the business. With respect to our balance sheet, as of year-end, our cash and cash equivalents stood at 11 million and our total debt stood at 73.3 The economy.

Assets 130

Assets Capital Resale Debt 130

The Motley Fool

JULY 30, 2024

At a high level, the housing market remains healthy with demand supported by strong fundamentals, including household formations and migration trends, years of underproduction and a lock-in effect limiting the supply of resale homes. billion of debt outstanding, including $819.7 and net debt-to-capital ratio of 43%.

Leveraging 130

Leveraging Taxes Debt Capital 130

The Motley Fool

NOVEMBER 5, 2024

billion of debt outstanding, including $863.3 million drawn on our revolver, resulting in a debt-to-capital ratio of 43.6%, and net debt-to-capital ratio of 42.7%. The fundamentals of the housing market are strong, supported by continued household formations, years of underproduction and limited supply of resale homes.

Capital 130

Capital Debt Banks Resale 130

The Motley Fool

FEBRUARY 2, 2024

Orange County, and Atlanta, both underperformed mainly for reasons related to bad debt, skips and evictions, and fraud. Orange County will come primarily from a reduction in bad debt as we repopulate many of our vacant units with residents who actually pay their rent. Of the remaining three, L.A. We anticipate the improvement in L.A.

Debt 130

Debt Taxes Capital Assets 130

The Motley Fool

JANUARY 19, 2024

The strong cash generated drove a reduction in net interest expense by about $20 million compared to the fourth quarter of 2022 as we repaid some high variable cost debt during the quarter. And so, we'll be a little cautious here in Q1 so that we don't get back into paying high interest cost debt, which we just got out of.

Leveraging 130

Leveraging Resale Taxes Capital 130

The Motley Fool

NOVEMBER 5, 2024

And obviously, new build has been a really bright spot in the market over the last couple of years versus what we're seeing in resale. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. But it is a very, very positive business for us because it's predictable.

Leveraging 130

Leveraging Resale Financing Capital 130

The Motley Fool

AUGUST 1, 2023

And lastly, the resale home market remains tight as existing buyers are hesitant to leave their low rate mortgages, which limits available inventory and helps to increase new home demand. billion and net debt to cap of negative 0.2% Our target net debt to cap has always been kind of in the low – mid-20s, we are way off of that.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Taxes Resale Banks 130

The Motley Fool

AUGUST 1, 2024

That said, the balance sheet remains an important priority, and I will talk about plans for further debt reduction in a few minutes. Our cost of capital synergy estimate assumed terming out Callon's $2 billion debt at APA's lower long-term cost of borrowing. billion three-year term loan to refinance this debt. Thanks a lot.

Capital 130

Capital Taxes Debt Assets 130

The Motley Fool

FEBRUARY 1, 2024

As we previously discussed, two of the largest population cohorts, the millennials and recently Gen Zs are having life events lean to increased levels of need-based housing that currently cannot be met by the constrained resale of home supply in the market. Our net debt-to-cap remains well below our max ceiling, which is in the mid 20%.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Financing Finance 130

The Motley Fool

DECEMBER 7, 2023

Industrial resales were 962 million. In fiscal '24, we expect industrial resales to be down low single digits year on year. billion of gross debt, of which 1.6 Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. We ended the fourth quarter with 14.2

Resale 130

Resale Banks Assets Depreciation 130

The Motley Fool

APRIL 26, 2024

During the spring selling season with a healthy supply of move-in ready inventory, we were able to capitalize on strong market conditions generated by the increasing need for housing for millennials and Gen Zs as well as the move-down Baby Boomers who continue to find our limited inventory, limited availability of resale housing supply.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Financing Finance 130

The Motley Fool

JULY 20, 2023

Horton and had more than $780 million of liquidity at quarter end, with a net debt to capital ratio of 19.1%. Homebuilding debt at June 30th totaled $2.7 On one hand, the buydowns are probably putting you guys in such a strong competitive advantage versus the resale market. Forestar is separately capitalized from D.R.

Banks 130

Banks Securities and Exchange Commission (SEC) Leveraging Taxes 130

The Motley Fool

SEPTEMBER 12, 2024

Our strengthening market position, profitable and growing business, and debt free balance sheet, all enabled our recently announced first-ever share buyback authorization. Last week, we launched our resale platform piloting with our own associates before launching a customer facing experience in the near future.

Leveraging 130

Leveraging Financing Finance Capital 130

The Motley Fool

AUGUST 3, 2023

We sell our produce gas and basin, and we manage the transport obligation by purchasing third-party gas in basin for resale on the Gulf Coast. Our balance sheet and debt maturity profile are in good shape, and this was most recently recognized by Moody's who returned us to investment-grade in June. billion while also returning $2.9

Capital 100

Capital Shareholders Banks Resale 100

The Motley Fool

FEBRUARY 27, 2024

But Chris, maybe could you just walk us through like your kind of required sort of debt pay down or paying down on the warehouse over the next 12 months? When you have this much mortgage interest rate volatility and you're guaranteeing people loans for 30 years, you're going to have a long-term problem with resale inventory.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Banks Legal Resale 100

The Motley Fool

AUGUST 31, 2023

Finally, Q3 industrial resales of $236 million declined 3% year on year, reflecting weak demand in China. And in Q4, though, we expect an improvement with industrial resales up low single-digit percentage year on year, reflecting largely seasonality. billion of gross debt, of which 1.1 We ended the third quarter with 12.1

Mergers and Acquisitions 246

Mergers and Acquisitions Resale Banks Legal 246

The Motley Fool

SEPTEMBER 11, 2024

Let's first talk about our resale business. Total debt outstanding was $465.8 Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. According to Circana, DSW outpaced the overall footwear market by one percentage point in the second quarter. In total, our U.S.

Taxes 130

Taxes Leveraging Portfolios Consultants 130

The Motley Fool

AUGUST 10, 2023

Total debt, excluding unamortized deferred financing fees and finance leases was $84 million, compared to $101 million at the end of last year's second quarter. Obviously, some of the product resale affected mix this year. We did not have a principal payment due in Q2, given we amended our credit facility during the quarter.

Leveraging 130

Leveraging Banks Portfolios Resale 130

The Motley Fool

AUGUST 1, 2023

In the interim term, our expected cash flow generation boosted by our robust new build pipeline, along with normal course debt installment payments are expected to result in significant organic improvement in our net leverage. Turning our attention to the balance sheet and our debt maturity profile on Slide 20. That's helpful.

Debt 100

Debt Leveraging Collateral Resale 100

The Motley Fool

AUGUST 7, 2024

The bad debt, for instance, or the residual value losses or the procurement situation, they get confused, so on. So, as for the resale, in Mexico, for example, we had a confusion in logistics. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Depreciation 130

Depreciation Financing Finance Banks 130