10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000822416-14-000016 |
| Period End Date | 20140331 |
| Filing Date | 20140424 |
| Fiscal Year | 2014 |
| Fiscal Period | Q1 |
| XBRL Instance | phm-20140331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Book Overdrafts |
BankOverdrafts
|
$26.73M | USD | Point-in-time |
| Book Overdrafts |
BankOverdrafts
|
$35.83M | USD | Point-in-time |
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.58B | USD | Point-in-time |
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.59B | USD | Point-in-time |
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.40B | USD | Point-in-time |
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.27B | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$75.60M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$72.72M | USD | Point-in-time |
| House and land inventory |
InventoryOperativeBuilders
|
$3.98B | USD | Point-in-time |
| House and land inventory |
InventoryOperativeBuilders
|
$4.03B | USD | Point-in-time |
| Land held for sale |
InventoryRealEstateHeldForSale
|
$72.53M | USD | Point-in-time |
| Land held for sale |
InventoryRealEstateHeldForSale
|
$61.73M | USD | Point-in-time |
| Land, not owned, under option agreements |
LandUnderPurchaseOptionsRecorded
|
$22.20M | USD | Point-in-time |
| Land, not owned, under option agreements |
LandUnderPurchaseOptionsRecorded
|
$24.02M | USD | Point-in-time |
| Residential mortgage loans available-for-sale |
LoansHeldForSaleFairValueDisclosure
|
$209.92M | USD | Point-in-time |
| Residential mortgage loans available-for-sale |
LoansHeldForSaleFairValueDisclosure
|
$287.93M | USD | Point-in-time |
| Investments in unconsolidated entities |
EquityMethodInvestments
|
$40.12M | USD | Point-in-time |
| Investments in unconsolidated entities |
EquityMethodInvestments
|
$45.32M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$461.05M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$460.62M | USD | Point-in-time |
| Intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$136.15M | USD | Point-in-time |
| Intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$132.87M | USD | Point-in-time |
| Deferred tax assets, net |
DeferredTaxAssetsLiabilitiesNet
|
$2.09B | USD | Point-in-time |
| Deferred tax assets, net |
DeferredTaxAssetsLiabilitiesNet
|
$2.03B | USD | Point-in-time |
| Total assets |
Assets
|
$8.35B | USD | Point-in-time |
| Total assets |
Assets
|
$8.73B | USD | Point-in-time |
| Accounts payable, including book overdrafts of $26,732 and $35,827 in 2013 and 2012, respectively |
AccountsPayableCurrentAndNoncurrent
|
$205.23M | USD | Point-in-time |
| Accounts payable, including book overdrafts of $26,732 and $35,827 in 2013 and 2012, respectively |
AccountsPayableCurrentAndNoncurrent
|
$202.74M | USD | Point-in-time |
| Customer deposits |
CustomerAdvancesAndDeposits
|
$168.57M | USD | Point-in-time |
| Customer deposits |
CustomerAdvancesAndDeposits
|
$134.86M | USD | Point-in-time |
| Accrued and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$1.38B | USD | Point-in-time |
| Accrued and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$1.26B | USD | Point-in-time |
| Income tax liabilities |
AccruedIncomeTaxes
|
$206.01M | USD | Point-in-time |
| Income tax liabilities |
AccruedIncomeTaxes
|
$205.81M | USD | Point-in-time |
| Financial Services debt |
LineOfCreditFacilityAmountOutstanding
|
$105.66M | USD | Point-in-time |
| Financial Services debt |
LineOfCreditFacilityAmountOutstanding
|
$35.84M | USD | Point-in-time |
| Senior notes |
SeniorNotes
|
$1.81B | USD | Point-in-time |
| Senior notes |
SeniorNotes
|
$2.06B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$3.69B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$4.09B | USD | Point-in-time |
| Shareholders' Equity |
StockholdersEquity
|
$4.65B | USD | Point-in-time |
| Shareholders' Equity |
StockholdersEquity
|
$2.28B | USD | Point-in-time |
| Shareholders' Equity |
StockholdersEquity
|
$4.66B | USD | Point-in-time |
| Shareholders' Equity |
StockholdersEquity
|
$2.19B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$8.73B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$8.35B | USD | Point-in-time |
Income Statement
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Home sale revenues |
HomeBuildingRevenue
|
$1.10B | USD | 1 Quarter |
| Home sale revenues |
HomeBuildingRevenue
|
$1.09B | USD | 1 Quarter |
| Land sale revenues |
LandSales
|
$26.13M | USD | 1 Quarter |
| Land sale revenues |
LandSales
|
$5.98M | USD | 1 Quarter |
| Total homebuilding revenues |
RealEstateRevenueNet
|
$1.13B | USD | 1 Quarter |
| Total homebuilding revenues |
RealEstateRevenueNet
|
$1.09B | USD | 1 Quarter |
| Financial Services |
FinancialServicesRevenue
|
$24.89M | USD | 1 Quarter |
| Financial Services |
FinancialServicesRevenue
|
$36.87M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$1.16B | USD | 1 Quarter |
| Total revenues |
Revenues
|
$1.12B | USD | 1 Quarter |
| Home sale cost of revenues |
HomeBuildingCosts
|
$828.60M | USD | 1 Quarter |
| Home sale cost of revenues |
HomeBuildingCosts
|
$901.47M | USD | 1 Quarter |
| Land sale cost of revenues |
CostsOfRealEstateServicesAndLandSales
|
$22.02M | USD | 1 Quarter |
| Land sale cost of revenues |
CostsOfRealEstateServicesAndLandSales
|
$5.01M | USD | 1 Quarter |
| Total cost of revenues |
CostOfRealEstateRevenue
|
$923.49M | USD | 1 Quarter |
| Total cost of revenues |
CostOfRealEstateRevenue
|
$833.61M | USD | 1 Quarter |
| Financial Services expenses |
FinancialServicesCosts
|
$3.32M | USD | 1 Quarter |
| Financial Services expenses |
FinancialServicesCosts
|
$22.59M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$144.89M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$129.63M | USD | 1 Quarter |
| Other expense, net |
OtherNonoperatingIncomeExpense
|
$-13.83M | USD | 1 Quarter |
| Other expense, net |
OtherNonoperatingIncomeExpense
|
$-4.77M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$1.11M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$1.17M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$213.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$207.00K | USD | 1 Quarter |
| Equity in (earnings) loss of unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$5.89M | USD | 1 Quarter |
| Equity in (earnings) loss of unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$-898.00K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$82.35M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$130.03M | USD | 1 Quarter |
| Income tax expense (benefit) |
IncomeTaxExpenseBenefit
|
$55.21M | USD | 1 Quarter |
| Income tax expense (benefit) |
IncomeTaxExpenseBenefit
|
$588.00K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$81.76M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$74.82M | USD | 1 Quarter |
| Basic earnings (usd per share) |
EarningsPerShareBasic
|
$0.19 | USD | 1 Quarter |
| Basic earnings (usd per share) |
EarningsPerShareBasic
|
$0.21 | USD | 1 Quarter |
| Diluted earnings (usd per share) |
EarningsPerShareDiluted
|
$0.19 | USD | 1 Quarter |
| Diluted earnings (usd per share) |
EarningsPerShareDiluted
|
$0.21 | USD | 1 Quarter |
| Cash dividends declared (usd per share) |
CommonStockDividendsPerShareDeclared
|
- | USD | 1 Quarter |
| Cash dividends declared (usd per share) |
CommonStockDividendsPerShareDeclared
|
$0.05 | USD | 1 Quarter |
| Basic shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
384.23M | shares | 1 Quarter |
| Basic shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
383.99M | shares | 1 Quarter |
| Effect of dilutive securities (shares) |
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
3.81M | shares | 1 Quarter |
| Effect of dilutive securities (shares) |
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
6.09M | shares | 1 Quarter |
| Diluted shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
387.81M | shares | 1 Quarter |
| Diluted shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
390.32M | shares | 1 Quarter |
Cash Flow Statement
70 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$81.76M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$74.82M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$52.09M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$5.67M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$7.34M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$7.14M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$8.52M | USD | 1 Quarter |
| Equity in (earnings) loss of unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$5.89M | USD | 1 Quarter |
| Equity in (earnings) loss of unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$-898.00K | USD | 1 Quarter |
| Distributions of earnings from unconsolidated entities |
EquityMethodInvestmentDividendsOrDistributions
|
$265.00K | USD | 1 Quarter |
| Distributions of earnings from unconsolidated entities |
EquityMethodInvestmentDividendsOrDistributions
|
$4.75M | USD | 1 Quarter |
| Loss on debt retirements |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 1 Quarter |
| Loss on debt retirements |
GainsLossesOnExtinguishmentOfDebt
|
$8.58M | USD | 1 Quarter |
| Other non-cash, net |
OtherNoncashIncomeExpense
|
$-3.26M | USD | 1 Quarter |
| Other non-cash, net |
OtherNoncashIncomeExpense
|
$-3.04M | USD | 1 Quarter |
| Restricted cash |
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
$890.00K | USD | 1 Quarter |
| Restricted cash |
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
$-860.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-99.76M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$68.81M | USD | 1 Quarter |
| Residential mortgage loans available-for-sale |
IncreaseDecreaseInMortgageLoansHeldForSale
|
$-76.36M | USD | 1 Quarter |
| Residential mortgage loans available-for-sale |
IncreaseDecreaseInMortgageLoansHeldForSale
|
$-80.73M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-17.09M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$370.00K | USD | 1 Quarter |
| Accounts payable, accrued and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-83.94M | USD | 1 Quarter |
| Accounts payable, accrued and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-8.79M | USD | 1 Quarter |
| Income tax liabilities |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-205.00K | USD | 1 Quarter |
| Income tax liabilities |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-2.00M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$91.40M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$270.62M | USD | 1 Quarter |
| Distributions from unconsolidated entities |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$200.00K | USD | 1 Quarter |
| Distributions from unconsolidated entities |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$6.38M | USD | 1 Quarter |
| Investments in unconsolidated entities |
PaymentsToAcquireEquityMethodInvestments
|
$9.00K | USD | 1 Quarter |
| Investments in unconsolidated entities |
PaymentsToAcquireEquityMethodInvestments
|
$593.00K | USD | 1 Quarter |
| Net change in loans held for investment |
PaymentsToAcquireLoansHeldForInvestment
|
$6.39M | USD | 1 Quarter |
| Net change in loans held for investment |
PaymentsToAcquireLoansHeldForInvestment
|
$-10.00K | USD | 1 Quarter |
| Change in restricted cash related to letters of credit |
IncreaseDecreaseInRestrictedCash
|
$-4.51M | USD | 1 Quarter |
| Change in restricted cash related to letters of credit |
IncreaseDecreaseInRestrictedCash
|
$1.99M | USD | 1 Quarter |
| Proceeds from the sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$59.00K | USD | 1 Quarter |
| Proceeds from the sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$23.00K | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$17.86M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$5.38M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.19M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-19.85M | USD | 1 Quarter |
| Financial Services borrowings (repayments) |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-69.83M | 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
|
$250.01M | USD | 1 Quarter |
| Stock option exercises |
ProceedsFromIssuanceOfCommonStock
|
$7.54M | USD | 1 Quarter |
| Stock option exercises |
ProceedsFromIssuanceOfCommonStock
|
$5.29M | USD | 1 Quarter |
| Stock repurchases |
PaymentsForRepurchaseOfCommonStock
|
$6.43M | USD | 1 Quarter |
| Stock repurchases |
PaymentsForRepurchaseOfCommonStock
|
$50.10M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
- | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$19.07M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-81.27M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-383.72M | USD | 1 Quarter |
| Net increase (decrease) in cash and equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$188.16M | USD | 1 Quarter |
| Net increase (decrease) in cash and equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-312.17M | USD | 1 Quarter |
| Cash and equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.58B | USD | Point-in-time |
| Cash and equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.59B | 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
|
$1.27B | USD | Point-in-time |
| Cash and equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.58B | USD | Point-in-time |
| Cash and equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.59B | 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
|
$1.27B | USD | Point-in-time |
| Interest paid (capitalized), net |
InterestPaidNet
|
$-23.09M | USD | 1 Quarter |
| Interest paid (capitalized), net |
InterestPaidNet
|
$-19.56M | USD | 1 Quarter |
| Income taxes paid (refunded), net |
IncomeTaxesPaidNet
|
$-8.25M | USD | 1 Quarter |
| Income taxes paid (refunded), net |
IncomeTaxesPaidNet
|
$-3.03M | USD | 1 Quarter |
Stockholders Equity
20 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Shareholders' Equity beginning of period |
StockholdersEquity
|
$4.65B | USD | Point-in-time |
| Shareholders' Equity beginning of period |
StockholdersEquity
|
$2.28B | USD | Point-in-time |
| Shareholders' Equity beginning of period |
StockholdersEquity
|
$4.66B | USD | Point-in-time |
| Shareholders' Equity beginning of period |
StockholdersEquity
|
$2.19B | USD | Point-in-time |
| Stock option exercises |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$5.29M | USD | 1 Quarter |
| Stock option exercises |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$7.54M | USD | 1 Quarter |
| Cash dividends declared |
DividendsCommonStockCash
|
$19.09M | USD | 1 Quarter |
| Stock repurchases |
StockRepurchasedDuringPeriodValue
|
$50.10M | USD | 1 Quarter |
| Stock repurchases |
StockRepurchasedDuringPeriodValue
|
$6.43M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$4.19M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$2.98M | USD | 1 Quarter |
| Excess tax benefits (deficiencies) from share-based awards |
AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation
|
$-42.00K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$81.76M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$74.82M | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$48.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$40.00K | USD | 1 Quarter |
| Shareholders' Equity end of period |
StockholdersEquity
|
$4.65B | USD | Point-in-time |
| Shareholders' Equity end of period |
StockholdersEquity
|
$2.28B | USD | Point-in-time |
| Shareholders' Equity end of period |
StockholdersEquity
|
$4.66B | 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 |
NetIncomeLoss
|
$81.76M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$74.82M | USD | 1 Quarter |
| Change in value of derivatives |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$48.00K | USD | 1 Quarter |
| Change in value of derivatives |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$40.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$48.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$40.00K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$74.86M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$81.81M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.