10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000822416-15-000013 |
| Period End Date | 20150331 |
| Filing Date | 20150423 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | phm-20150331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Book overdrafts |
BankOverdrafts
|
$39.14M | USD | Point-in-time |
| Book overdrafts |
BankOverdrafts
|
$32.59M | USD | Point-in-time |
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.05B | USD | Point-in-time |
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.58B | USD | Point-in-time |
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.29B | USD | Point-in-time |
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.27B | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$14.33M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$16.36M | USD | Point-in-time |
| House and land inventory |
InventoryOperativeBuilders
|
$4.63B | USD | Point-in-time |
| House and land inventory |
InventoryOperativeBuilders
|
$4.39B | USD | Point-in-time |
| Land held for sale |
InventoryRealEstateHeldForSale
|
$101.19M | USD | Point-in-time |
| Land held for sale |
InventoryRealEstateHeldForSale
|
$90.53M | USD | Point-in-time |
| Land, not owned, under option agreements |
LandUnderPurchaseOptionsRecorded
|
$30.19M | USD | Point-in-time |
| Land, not owned, under option agreements |
LandUnderPurchaseOptionsRecorded
|
$62.26M | USD | Point-in-time |
| Residential mortgage loans available-for-sale |
LoansHeldForSaleFairValueDisclosure
|
$226.29M | USD | Point-in-time |
| Residential mortgage loans available-for-sale |
LoansHeldForSaleFairValueDisclosure
|
$339.53M | USD | Point-in-time |
| Investments in unconsolidated entities |
EquityMethodInvestments
|
$40.37M | USD | Point-in-time |
| Investments in unconsolidated entities |
EquityMethodInvestments
|
$41.47M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$511.67M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$513.03M | USD | Point-in-time |
| Intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$123.11M | USD | Point-in-time |
| Intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$119.89M | USD | Point-in-time |
| Deferred tax assets, net |
DeferredTaxAssetsLiabilitiesNet
|
$1.68B | USD | Point-in-time |
| Deferred tax assets, net |
DeferredTaxAssetsLiabilitiesNet
|
$1.72B | USD | Point-in-time |
| Total assets |
Assets
|
$8.57B | USD | Point-in-time |
| Total assets |
Assets
|
$8.43B | USD | Point-in-time |
| Accounts payable, including book overdrafts of $39,141 and $32,586 in 2015 and 2014, respectively |
AccountsPayableCurrentAndNoncurrent
|
$270.52M | USD | Point-in-time |
| Accounts payable, including book overdrafts of $39,141 and $32,586 in 2015 and 2014, respectively |
AccountsPayableCurrentAndNoncurrent
|
$271.17M | USD | Point-in-time |
| Customer deposits |
CustomerAdvancesAndDeposits
|
$142.64M | USD | Point-in-time |
| Customer deposits |
CustomerAdvancesAndDeposits
|
$177.76M | USD | Point-in-time |
| Accrued and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$1.34B | USD | Point-in-time |
| Accrued and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$1.31B | USD | Point-in-time |
| Income tax liabilities |
AccruedIncomeTaxes
|
$47.35M | USD | Point-in-time |
| Income tax liabilities |
AccruedIncomeTaxes
|
$48.72M | USD | Point-in-time |
| Financial Services debt |
LineOfCredit
|
$67.56M | USD | Point-in-time |
| Financial Services debt |
LineOfCredit
|
$140.24M | USD | Point-in-time |
| Senior notes |
SeniorNotes
|
$1.82B | USD | Point-in-time |
| Senior notes |
SeniorNotes
|
$1.82B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$3.76B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$3.69B | USD | Point-in-time |
| Shareholders' equity |
StockholdersEquity
|
$4.74B | USD | Point-in-time |
| Shareholders' equity |
StockholdersEquity
|
$4.65B | USD | Point-in-time |
| Shareholders' equity |
StockholdersEquity
|
$4.80B | USD | Point-in-time |
| Shareholders' equity |
StockholdersEquity
|
$4.66B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$8.57B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$8.43B | USD | Point-in-time |
Income Statement
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Home sale revenues |
HomeBuildingRevenue
|
$1.09B | USD | 1 Quarter |
| Home sale revenues |
HomeBuildingRevenue
|
$1.09B | USD | 1 Quarter |
| Land sale revenues |
LandSales
|
$5.98M | USD | 1 Quarter |
| Land sale revenues |
LandSales
|
$17.54M | USD | 1 Quarter |
| Total homebuilding revenues |
RealEstateRevenueNet
|
$1.09B | USD | 1 Quarter |
| Total homebuilding revenues |
RealEstateRevenueNet
|
$1.11B | USD | 1 Quarter |
| Financial Services |
FinancialServicesRevenue
|
$24.89M | USD | 1 Quarter |
| Financial Services |
FinancialServicesRevenue
|
$27.60M | USD | 1 Quarter |
| Consolidated revenues |
Revenues
|
$1.13B | USD | 1 Quarter |
| Consolidated revenues |
Revenues
|
$1.12B | USD | 1 Quarter |
| Home sale cost of revenues |
HomeBuildingCosts
|
$841.14M | USD | 1 Quarter |
| Home sale cost of revenues |
HomeBuildingCosts
|
$828.60M | USD | 1 Quarter |
| Land sale cost of revenues |
CostsOfRealEstateServicesAndLandSales
|
$5.01M | USD | 1 Quarter |
| Land sale cost of revenues |
CostsOfRealEstateServicesAndLandSales
|
$13.38M | USD | 1 Quarter |
| Total cost of revenues |
CostOfRealEstateRevenue
|
$854.52M | 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
|
$22.54M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$144.89M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$161.31M | USD | 1 Quarter |
| Other expense, net |
OtherNonoperatingIncomeExpense
|
$-13.83M | USD | 1 Quarter |
| Other expense, net |
OtherNonoperatingIncomeExpense
|
$-1.14M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$1.10M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$1.11M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$213.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$187.00K | USD | 1 Quarter |
| Equity in earnings of unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$5.89M | USD | 1 Quarter |
| Equity in earnings of unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$1.11M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$130.03M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$95.81M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$40.83M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$55.21M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$74.82M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$54.97M | USD | 1 Quarter |
| Basic earnings (usd per share) |
EarningsPerShareBasic
|
$0.19 | USD | 1 Quarter |
| Basic earnings (usd per share) |
EarningsPerShareBasic
|
$0.15 | USD | 1 Quarter |
| Diluted earnings (usd per share) |
EarningsPerShareDiluted
|
$0.15 | USD | 1 Quarter |
| Diluted earnings (usd per share) |
EarningsPerShareDiluted
|
$0.19 | USD | 1 Quarter |
| Cash dividends declared (usd per share) |
CommonStockDividendsPerShareDeclared
|
$0.05 | USD | 1 Quarter |
| Cash dividends declared (usd per share) |
CommonStockDividendsPerShareDeclared
|
$0.08 | USD | 1 Quarter |
| Basic shares outstanding (shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
383.99M | shares | 1 Quarter |
| Basic shares outstanding (shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
366.75M | shares | 1 Quarter |
| Effect of dilutive securities (shares) |
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
3.81M | shares | 1 Quarter |
| Effect of dilutive securities (shares) |
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
3.36M | shares | 1 Quarter |
| Diluted shares outstanding (shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
370.11M | shares | 1 Quarter |
| Diluted shares outstanding (shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
387.81M | shares | 1 Quarter |
Cash Flow Statement
70 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$74.82M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$54.97M | USD | 1 Quarter |
| Deferred income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$40.80M | USD | 1 Quarter |
| Deferred income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$52.09M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$8.94M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$11.06M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$8.52M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$8.28M | USD | 1 Quarter |
| Equity in earnings of unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$5.89M | USD | 1 Quarter |
| Equity in earnings of unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$1.11M | USD | 1 Quarter |
| Distributions of earnings from unconsolidated entities |
EquityMethodInvestmentDividendsOrDistributions
|
$4.75M | USD | 1 Quarter |
| Distributions of earnings from unconsolidated entities |
EquityMethodInvestmentDividendsOrDistributions
|
- | USD | 1 Quarter |
| Loss on debt retirements |
GainsLossesOnExtinguishmentOfDebt
|
$-8.58M | USD | 1 Quarter |
| Loss on debt retirements |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 1 Quarter |
| Other non-cash, net |
OtherNoncashIncomeExpense
|
$-3.26M | USD | 1 Quarter |
| Other non-cash, net |
OtherNoncashIncomeExpense
|
$-5.92M | USD | 1 Quarter |
| Restricted cash |
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
$890.00K | USD | 1 Quarter |
| Restricted cash |
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
$1.69M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$68.81M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$230.99M | USD | 1 Quarter |
| Residential mortgage loans available-for-sale |
IncreaseDecreaseInMortgageLoansHeldForSale
|
$-76.36M | USD | 1 Quarter |
| Residential mortgage loans available-for-sale |
IncreaseDecreaseInMortgageLoansHeldForSale
|
$-119.98M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-13.82M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$3.83M | USD | 1 Quarter |
| Accounts payable, accrued and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-27.42M | USD | 1 Quarter |
| Accounts payable, accrued and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-83.94M | USD | 1 Quarter |
| Income tax liabilities |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-1.38M | USD | 1 Quarter |
| Income tax liabilities |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-205.00K | 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
|
$-25.40M | USD | 1 Quarter |
| Distributions from unconsolidated entities |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$6.38M | USD | 1 Quarter |
| Distributions from unconsolidated entities |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
- | USD | 1 Quarter |
| Investments in unconsolidated entities |
PaymentsToAcquireEquityMethodInvestments
|
$9.00K | USD | 1 Quarter |
| Investments in unconsolidated entities |
PaymentsToAcquireEquityMethodInvestments
|
- | USD | 1 Quarter |
| Net change in loans held for investment |
PaymentsForProceedsFromLoansAndLeases
|
$-917.00K | USD | 1 Quarter |
| Net change in loans held for investment |
PaymentsForProceedsFromLoansAndLeases
|
$6.39M | USD | 1 Quarter |
| Change in restricted cash related to letters of credit |
IncreaseDecreaseInRestrictedCash
|
$1.99M | USD | 1 Quarter |
| Change in restricted cash related to letters of credit |
IncreaseDecreaseInRestrictedCash
|
$-3.71M | USD | 1 Quarter |
| Proceeds from the sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$5.00K | USD | 1 Quarter |
| Proceeds from the sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$23.00K | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$14.52M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$17.86M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-9.88M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-19.85M | USD | 1 Quarter |
| Financial Services borrowings (repayments) |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-72.68M | USD | 1 Quarter |
| Financial Services borrowings (repayments) |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-69.83M | USD | 1 Quarter |
| Other borrowings (repayments) |
ProceedsFromRepaymentsOfDebt
|
- | USD | 1 Quarter |
| Other borrowings (repayments) |
ProceedsFromRepaymentsOfDebt
|
$-250.01M | USD | 1 Quarter |
| Stock option exercises |
ProceedsFromIssuanceOfCommonStock
|
$6.60M | USD | 1 Quarter |
| Stock option exercises |
ProceedsFromIssuanceOfCommonStock
|
$5.29M | USD | 1 Quarter |
| Stock repurchases |
PaymentsForRepurchaseOfCommonStock
|
$107.95M | USD | 1 Quarter |
| Stock repurchases |
PaymentsForRepurchaseOfCommonStock
|
$50.10M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$29.62M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$19.07M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-203.65M | 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
|
$-312.17M | USD | 1 Quarter |
| Net increase (decrease) in cash and equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-238.94M | USD | 1 Quarter |
| Cash and equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.05B | USD | Point-in-time |
| Cash and equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.58B | USD | Point-in-time |
| Cash and equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.29B | 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
|
$1.05B | 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
|
$1.29B | USD | Point-in-time |
| Cash and equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.27B | USD | Point-in-time |
| Interest paid (capitalized), net |
InterestPaidNet
|
$-21.41M | USD | 1 Quarter |
| Interest paid (capitalized), net |
InterestPaidNet
|
$-19.56M | USD | 1 Quarter |
| Income taxes paid (refunded), net |
IncomeTaxesPaidNet
|
$-2.00M | USD | 1 Quarter |
| Income taxes paid (refunded), net |
IncomeTaxesPaidNet
|
$-8.25M | USD | 1 Quarter |
Stockholders Equity
23 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Shareholders' Equity beginning of period |
StockholdersEquity
|
$4.74B | USD | Point-in-time |
| Shareholders' Equity beginning of period |
StockholdersEquity
|
$4.65B | USD | Point-in-time |
| Shareholders' Equity beginning of period |
StockholdersEquity
|
$4.80B | USD | Point-in-time |
| Shareholders' Equity beginning of period |
StockholdersEquity
|
$4.66B | USD | Point-in-time |
| Stock option exercises |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$5.29M | USD | 1 Quarter |
| Stock option exercises |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$6.60M | USD | 1 Quarter |
| Stock issuances, net of cancellations |
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
$7.42M | USD | 1 Quarter |
| Dividends declared |
Dividends
|
$29.45M | USD | 1 Quarter |
| Dividends declared |
Dividends
|
$19.09M | USD | 1 Quarter |
| Stock repurchases |
StockRepurchasedDuringPeriodValue
|
$107.95M | USD | 1 Quarter |
| Stock repurchases |
StockRepurchasedDuringPeriodValue
|
$50.10M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$5.66M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$4.19M | USD | 1 Quarter |
| Excess tax benefits (deficiencies) from share-based awards |
AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation
|
$42.00K | USD | 1 Quarter |
| Excess tax benefits (deficiencies) from share-based awards |
AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation
|
$229.00K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$74.82M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$54.97M | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$40.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$21.00K | USD | 1 Quarter |
| Shareholders' Equity end of period |
StockholdersEquity
|
$4.74B | USD | Point-in-time |
| Shareholders' Equity end of period |
StockholdersEquity
|
$4.65B | USD | Point-in-time |
| Shareholders' Equity end of period |
StockholdersEquity
|
$4.80B | USD | Point-in-time |
| Shareholders' Equity end of period |
StockholdersEquity
|
$4.66B | USD | Point-in-time |
Comprehensive Income
8 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$74.82M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$54.97M | USD | 1 Quarter |
| Change in value of derivatives |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$40.00K | USD | 1 Quarter |
| Change in value of derivatives |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$21.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$40.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$21.00K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$54.99M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$74.86M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.