10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000822416-13-000018 |
| Period End Date | 20130331 |
| Filing Date | 20130425 |
| Fiscal Year | 2013 |
| Fiscal Period | Q1 |
| XBRL Instance | phm-20130331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.21B | USD | Point-in-time |
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.40B | USD | Point-in-time |
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.08B | USD | Point-in-time |
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.59B | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$71.95M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$66.58M | USD | Point-in-time |
| House and land inventory |
InventoryOperativeBuilders
|
$4.21B | USD | Point-in-time |
| House and land inventory |
InventoryOperativeBuilders
|
$4.11B | USD | Point-in-time |
| Land held for sale |
InventoryRealEstateHeldForSale
|
$92.15M | USD | Point-in-time |
| Land held for sale |
InventoryRealEstateHeldForSale
|
$91.10M | USD | Point-in-time |
| Land, not owned, under option agreements |
LandUnderPurchaseOptionsRecorded
|
$38.99M | USD | Point-in-time |
| Land, not owned, under option agreements |
LandUnderPurchaseOptionsRecorded
|
$31.07M | USD | Point-in-time |
| Residential mortgage loans available-for-sale |
LoansHeldForSaleFairValueDisclosure
|
$238.20M | USD | Point-in-time |
| Residential mortgage loans available-for-sale |
LoansHeldForSaleFairValueDisclosure
|
$318.93M | USD | Point-in-time |
| Investments in unconsolidated entities |
EquityMethodInvestments
|
$44.74M | USD | Point-in-time |
| Investments in unconsolidated entities |
EquityMethodInvestments
|
$45.63M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$407.68M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$408.78M | USD | Point-in-time |
| Intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$145.97M | USD | Point-in-time |
| Intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$149.25M | USD | Point-in-time |
| Total assets |
Assets
|
$6.73B | USD | Point-in-time |
| Total assets |
Assets
|
$6.74B | USD | Point-in-time |
| Accounts payable, including book overdrafts of $34,676 and $42,053 in 2013 and 2012, respectively |
AccountsPayableCurrentAndNoncurrent
|
$176.70M | USD | Point-in-time |
| Accounts payable, including book overdrafts of $34,676 and $42,053 in 2013 and 2012, respectively |
AccountsPayableCurrentAndNoncurrent
|
$178.27M | USD | Point-in-time |
| Customer deposits |
CustomerAdvancesAndDeposits
|
$126.07M | USD | Point-in-time |
| Customer deposits |
CustomerAdvancesAndDeposits
|
$101.18M | USD | Point-in-time |
| Accrued and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$1.40B | USD | Point-in-time |
| Accrued and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$1.42B | USD | Point-in-time |
| Income tax liabilities |
AccruedIncomeTaxes
|
$198.87M | USD | Point-in-time |
| Income tax liabilities |
AccruedIncomeTaxes
|
$196.86M | USD | Point-in-time |
| Financial Services debt |
LineOfCreditFacilityAmountOutstanding
|
$56.63M | USD | Point-in-time |
| Financial Services debt |
LineOfCreditFacilityAmountOutstanding
|
$138.79M | USD | Point-in-time |
| Senior Notes |
SeniorNotes
|
$2.51B | USD | Point-in-time |
| Senior Notes |
SeniorNotes
|
$2.51B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$4.47B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$4.54B | USD | Point-in-time |
| Shareholders' Equity |
StockholdersEquity
|
$2.28B | USD | Point-in-time |
| Shareholders' Equity |
StockholdersEquity
|
$1.94B | USD | Point-in-time |
| Shareholders' Equity |
StockholdersEquity
|
$1.93B | USD | Point-in-time |
| Shareholders' Equity |
StockholdersEquity
|
$2.19B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$6.74B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$6.73B | USD | Point-in-time |
| Book Overdrafts |
BankOverdrafts
|
$34.68M | USD | Point-in-time |
| Book Overdrafts |
BankOverdrafts
|
$42.05M | USD | Point-in-time |
Income Statement
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Home sale revenues |
HomeBuildingRevenue
|
$813.79M | USD | 1 Quarter |
| Home sale revenues |
HomeBuildingRevenue
|
$1.10B | USD | 1 Quarter |
| Land sale revenues |
LandSales
|
$26.13M | USD | 1 Quarter |
| Land sale revenues |
LandSales
|
$38.40M | USD | 1 Quarter |
| Total homebuilding revenues |
RealEstateRevenueNet
|
$1.13B | USD | 1 Quarter |
| Total homebuilding revenues |
RealEstateRevenueNet
|
$852.18M | USD | 1 Quarter |
| Financial Services |
FinancialServicesRevenue
|
$28.85M | USD | 1 Quarter |
| Financial Services |
FinancialServicesRevenue
|
$36.87M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$1.16B | USD | 1 Quarter |
| Total revenues |
Revenues
|
$881.04M | USD | 1 Quarter |
| Home sale cost of revenues |
HomeBuildingCosts
|
$712.17M | USD | 1 Quarter |
| Home sale cost of revenues |
HomeBuildingCosts
|
$901.47M | USD | 1 Quarter |
| Land sale cost of revenues |
CostsOfRealEstateServicesAndLandSales
|
$33.40M | USD | 1 Quarter |
| Land sale cost of revenues |
CostsOfRealEstateServicesAndLandSales
|
$22.02M | USD | 1 Quarter |
| Total cost of revenues |
CostOfRealEstateRevenue
|
$745.56M | USD | 1 Quarter |
| Total cost of revenues |
CostOfRealEstateRevenue
|
$923.49M | USD | 1 Quarter |
| Financial Services expenses |
FinancialServicesCosts
|
$22.59M | USD | 1 Quarter |
| Financial Services expenses |
FinancialServicesCosts
|
$22.01M | USD | 1 Quarter |
| Selling, general, and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$129.63M | USD | 1 Quarter |
| Selling, general, and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$123.31M | USD | 1 Quarter |
| Other expense (income), net |
OtherNonoperatingIncomeExpense
|
$-4.77M | USD | 1 Quarter |
| Other expense (income), net |
OtherNonoperatingIncomeExpense
|
$-6.62M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$1.20M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$1.17M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$207.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$217.00K | USD | 1 Quarter |
| Equity in (earnings) loss of unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$-898.00K | USD | 1 Quarter |
| Equity in (earnings) loss of unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$2.00M | USD | 1 Quarter |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$-13.49M | USD | 1 Quarter |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$82.35M | USD | 1 Quarter |
| Income tax expense (benefit) |
IncomeTaxExpenseBenefit
|
$588.00K | USD | 1 Quarter |
| Income tax expense (benefit) |
IncomeTaxExpenseBenefit
|
$-1.82M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$81.76M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$-11.67M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.21 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$-0.03 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.21 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$-0.03 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
384.23M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
380.50M | shares | 1 Quarter |
| Effect of dilutive securities |
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
6.09M | shares | 1 Quarter |
| Effect of dilutive securities |
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0.00 | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
380.50M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
390.32M | shares | 1 Quarter |
Cash Flow Statement
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income (loss) |
NetIncomeLoss
|
$81.76M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$-11.67M | USD | 1 Quarter |
| Write-down of land inventory and deposits and pre-acquisition costs |
AssetImpairmentCharges
|
$704.00K | USD | 1 Quarter |
| Write-down of land inventory and deposits and pre-acquisition costs |
AssetImpairmentCharges
|
$5.90M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$7.34M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$7.39M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$3.72M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$7.14M | USD | 1 Quarter |
| Equity in (earnings) loss of unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$-898.00K | USD | 1 Quarter |
| Equity in (earnings) loss of unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$2.00M | USD | 1 Quarter |
| Distributions of earnings from unconsolidated entities |
EquityMethodInvestmentDividendsOrDistributions
|
$3.52M | USD | 1 Quarter |
| Distributions of earnings from unconsolidated entities |
EquityMethodInvestmentDividendsOrDistributions
|
$265.00K | USD | 1 Quarter |
| Other non-cash, net |
OtherNoncashIncomeExpense
|
$-421.00K | USD | 1 Quarter |
| Other non-cash, net |
OtherNoncashIncomeExpense
|
$-2.33M | USD | 1 Quarter |
| Restricted cash |
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
$-860.00K | USD | 1 Quarter |
| Restricted cash |
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
$-53.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-45.97M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-99.76M | USD | 1 Quarter |
| Residential mortgage loans available-for-sale |
IncreaseDecreaseInMortgageLoansHeldForSale
|
$-74.07M | USD | 1 Quarter |
| Residential mortgage loans available-for-sale |
IncreaseDecreaseInMortgageLoansHeldForSale
|
$-80.73M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-9.94M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$370.00K | USD | 1 Quarter |
| Accounts payable, accrued and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-8.79M | USD | 1 Quarter |
| Accounts payable, accrued and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-34.47M | USD | 1 Quarter |
| Income tax liabilities |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$11.84M | USD | 1 Quarter |
| Income tax liabilities |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-2.00M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$270.62M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$114.69M | USD | 1 Quarter |
| Distributions from unconsolidated entities |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
- | USD | 1 Quarter |
| Distributions from unconsolidated entities |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$200.00K | USD | 1 Quarter |
| Investments in unconsolidated entities |
PaymentsToAcquireEquityMethodInvestments
|
$593.00K | USD | 1 Quarter |
| Investments in unconsolidated entities |
PaymentsToAcquireEquityMethodInvestments
|
$49.00K | USD | 1 Quarter |
| Net change in loans held for investment |
PaymentsToAcquireLoansHeldForInvestment
|
$-10.00K | USD | 1 Quarter |
| Net change in loans held for investment |
PaymentsToAcquireLoansHeldForInvestment
|
$-293.00K | USD | 1 Quarter |
| Change in restricted cash related to letters of credit |
IncreaseDecreaseInRestrictedCash
|
$-11.94M | USD | 1 Quarter |
| Change in restricted cash related to letters of credit |
IncreaseDecreaseInRestrictedCash
|
$-4.51M | USD | 1 Quarter |
| Proceeds from the sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$4.47M | USD | 1 Quarter |
| Proceeds from the sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$59.00K | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.76M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$5.38M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$12.90M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.19M | USD | 1 Quarter |
| Financial Services borrowings (repayments) |
ProceedsFromRepaymentsOfLinesOfCredit
|
- | USD | 1 Quarter |
| Financial Services borrowings (repayments) |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-82.16M | USD | 1 Quarter |
| Other borrowings (repayments) |
RepaymentsOfOtherDebt
|
$213.00K | USD | 1 Quarter |
| Other borrowings (repayments) |
RepaymentsOfOtherDebt
|
$-1.92M | USD | 1 Quarter |
| Stock option exercises |
ProceedsFromIssuanceOfCommonStock
|
$7.54M | USD | 1 Quarter |
| Stock option exercises |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Stock repurchases |
PaymentsForRepurchaseOfCommonStock
|
$845.00K | USD | 1 Quarter |
| Stock repurchases |
PaymentsForRepurchaseOfCommonStock
|
$6.43M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$1.07M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-81.27M | USD | 1 Quarter |
| Net increase (decrease) in cash and equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$128.66M | USD | 1 Quarter |
| Net increase (decrease) in cash and equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$188.16M | USD | 1 Quarter |
| Cash and equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.21B | USD | Point-in-time |
| Cash and equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.40B | USD | Point-in-time |
| Cash and equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.08B | USD | Point-in-time |
| Cash and equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.59B | USD | Point-in-time |
| Cash and equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.21B | USD | Point-in-time |
| Cash and equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.40B | USD | Point-in-time |
| Cash and equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.08B | USD | Point-in-time |
| Cash and equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.59B | USD | Point-in-time |
| Interest paid (capitalized), net |
InterestPaidNet
|
$-22.81M | USD | 1 Quarter |
| Interest paid (capitalized), net |
InterestPaidNet
|
$-23.09M | USD | 1 Quarter |
| Income taxes paid (refunded), net |
IncomeTaxesPaidNet
|
$-3.03M | USD | 1 Quarter |
| Income taxes paid (refunded), net |
IncomeTaxesPaidNet
|
$-11.14M | USD | 1 Quarter |
Stockholders Equity
17 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Shareholders' Equity beginning of period |
StockholdersEquity
|
$2.28B | USD | Point-in-time |
| Shareholders' Equity beginning of period |
StockholdersEquity
|
$1.94B | USD | Point-in-time |
| Shareholders' Equity beginning of period |
StockholdersEquity
|
$1.93B | USD | Point-in-time |
| Shareholders' Equity beginning of period |
StockholdersEquity
|
$2.19B | USD | Point-in-time |
| Stock options exercised |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$7.54M | USD | 1 Quarter |
| Stock repurchases |
StockRepurchasedDuringPeriodValue
|
$6.43M | USD | 1 Quarter |
| Stock repurchases |
StockRepurchasedDuringPeriodValue
|
$845.00K | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$2.98M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$2.67M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$81.76M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$-11.67M | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTax
|
$48.00K | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTax
|
$57.00K | USD | 1 Quarter |
| Shareholders' Equity end of period |
StockholdersEquity
|
$2.28B | USD | Point-in-time |
| Shareholders' Equity end of period |
StockholdersEquity
|
$1.94B | USD | Point-in-time |
| Shareholders' Equity end of period |
StockholdersEquity
|
$1.93B | USD | Point-in-time |
| Shareholders' Equity end of period |
StockholdersEquity
|
$2.19B | USD | Point-in-time |
Comprehensive Income
8 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income (loss) |
NetIncomeLoss
|
$81.76M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$-11.67M | USD | 1 Quarter |
| Change in fair value of derivatives |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$48.00K | USD | 1 Quarter |
| Change in fair value of derivatives |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$57.00K | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTax
|
$48.00K | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTax
|
$57.00K | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$81.81M | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$-11.61M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.