Hovnanian Entrp: (NYSE: HOV)

Zacks Rank: 3-Hold

Balance Sheet

Annual Balance Sheet

Fiscal Year End for HOVNANIAN ENTRP falls in the month of October.

All items in Millions except Per Share data.

	10/31/12	10/31/11	10/31/10	10/31/09	10/31/08
Assets
Cash & Equivalents	399	386	518	625	927
Receivables	62	52	61	44	206
Notes Receivable	0	0	0	0	0
Inventories	981	968	1,002	1,110	2,159
Other Current Assets	67	68	84	98	157
Total Current Assets	1,508	1,474	1,665	1,878	3,449
Net Property & Equipment	49	53	63	74	93
Investments & Advances	0	0	0	0	0
Other Non-Current Assets	117	72	86	70	91
Deferred Charges	0	0	0	0	0
Intangibles	0	0	0	0	0
Deposits & Other Assets	10	2	3	3	5
Total Assets	1,684	1,602	1,818	2,025	3,637

Liabilities & Shareholders Equity	10/31/12	10/31/11	10/31/10	10/31/09	10/31/08
Notes Payable	100	0	0	0	0
Accounts Payable	334	318	336	340	431
Current Portion Long-Term Debt	0	0	0	0	0
Current Portion Capital Leases	0	0	0	0	0
Accrued Expenses	20	21	24	26	72
Income Taxes Payable	7	42	18	62	0
Other Current Liabilities	24	17	10	19	29
Total Current Liabilities	485	398	387	447	532
Mortgages	165	96	99	77	108
Deferred Taxes/Income	0	0	0	0	0
Convertible Debt	0	0	0	0	0
Long-Term Debt	1,520	1,605	1,670	1,816	2,641
Non-Current Capital Leases	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0
Minority Interest (Liabilities)	0	0	0	33	26
Total Liabilities	2,170	2,099	2,155	2,374	3,307

Shareholders Equity	10/31/12	10/31/11	10/31/10	10/31/09	10/31/08
Preferred Stock	135	135	135	135	135
Common Stock (Par)	1	1	1	1	1
Capital Surplus	669	592	464	455	419
Retained Earnings	-1,176	-1,110	-823	-826	-109
Other Equity	0	0	1	0	0
Treasury Stock	115	115	115	115	115
Total Shareholder's Equity	-485	-497	-338	-350	330
Total Liabilities & Shareholder's Equity	1,684	1,602	1,818	2,025	3,637
Total Common Equity	-621	-632	-473	-485	195
Shares Outstanding	132.20	94.90	77.60	77.20	76.60
Book Value Per Share	-4.69	-6.66	-6.10	-6.28	2.55

Fiscal Year End for HOVNANIAN ENTRP falls in the month of October.

All items in Millions except Per Share data.

	04/30/13	01/31/13	10/31/12	07/31/12	04/30/12
Assets
Cash & Equivalents	NA	343	399	351	325
Receivables	NA	50	62	61	54
Notes Receivable	NA	0	0	0	0
Inventories	NA	1,006	981	1,004	946
Other Current Assets	NA	59	67	65	64
Total Current Assets	NA	1,458	1,508	1,481	1,389
Net Property & Equipment	NA	48	49	50	51
Investments & Advances	NA	0	0	0	0
Other Non-Current Assets	NA	72	117	91	75
Deferred Charges	NA	0	0	0	0
Intangibles	NA	0	0	0	0
Deposits & Other Assets	NA	2	10	3	3
Total Assets	NA	1,580	1,684	1,625	1,518

Liabilities & Shareholders Equity	04/30/13	01/31/13	10/31/12	07/31/12	04/30/12
Notes Payable	NA	87	100	0	0
Accounts Payable	NA	282	334	321	296
Current Portion Long-Term Debt	NA	0	0	0	0
Current Portion Capital Leases	NA	0	0	0	0
Accrued Expenses	NA	28	20	31	18
Income Taxes Payable	NA	0	7	7	43
Other Current Liabilities	NA	29	24	25	21
Total Current Liabilities	NA	427	485	384	378
Mortgages	NA	115	165	142	112
Deferred Taxes/Income	NA	0	0	0	0
Convertible Debt	NA	0	0	0	0
Long-Term Debt	NA	1,520	1,520	1,503	1,483
Non-Current Capital Leases	NA	0	0	0	0
Other Non-Current Liabilities	NA	0	0	0	0
Minority Interest (Liabilities)	NA	0	0	0	0
Total Liabilities	NA	2,062	2,170	2,029	1,973

Shareholders Equity	04/30/13	01/31/13	10/31/12	07/31/12	04/30/12
Preferred Stock	NA	135	135	135	135
Common Stock (Par)	NA	2	1	1	1
Capital Surplus	NA	684	669	665	650
Retained Earnings	NA	-1,187	-1,176	-1,091	-1,126
Other Equity	NA	0	0	0	0
Treasury Stock	NA	115	115	115	115
Total Shareholder's Equity	NA	-481	-485	-404	-455
Total Liabilities & Shareholder's Equity	NA	1,580	1,684	1,625	1,518
Total Common Equity	0	-617	-621	-539	-590
Shares Outstanding	139.10	134.40	132.20	126.70	99.00
Book Value Per Share	0.00	-4.59	-4.69	-4.26	-5.96