CASE 4-6 HOMEBUILDING D.R. HORTON, INC. AND SUBSIDIARIES* CONSOLIDATED STATEMENTS OF OPERATIONS Year Ended September 30, 2010 2009 2008 (In millions, except per share data) Homebuilding: Revenues: Home sales Land/lot sales Cost of sales: $4,302.3 $3,563.6 $ 6,164.3 7.4 40.3 354.3 4,309.7 3,603.9 6,518.6 Home sales 3,558.3 3,096.1 5,473.1 Land/lot sales 4.6 34.9 324.2 Inventory impairments and land option cost write-offs 64.7 407.7 2,484.5 3,627.6 3,538.7 8,281.8 Gross profit (loss): Home sales 744.0 467.5 Land/lot sales 2.8 5.4 691.2 30.11 Inventory impairments and land option cost write-offs (64.7) (407.7) 682.1 65.2 (2,484.5) (1,763.2) Selling, general and administrative expense 522.0 523.0 791.8 Goodwill impairment 79.4 "D.R. Horton, Inc. is one of the largest homebuilding companies in the United States." 10-K Note: Net cash provided by operating activities, 2010 $709,400,000; 2009 $1,141,200,000; 2008 $1,876,500,000