10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000822416-18-000019 |
| Period End Date | 20180331 |
| Filing Date | 20180424 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | phm-20180331.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
|
$272.68M | USD | Point-in-time |
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$150.82M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$33.97M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$33.48M | USD | Point-in-time |
| Total cash, cash equivalents, and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$306.17M | USD | Point-in-time |
| Total cash, cash equivalents, and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$423.86M | USD | Point-in-time |
| Total cash, cash equivalents, and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$723.25M | USD | Point-in-time |
| Total cash, cash equivalents, and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$184.79M | USD | Point-in-time |
| House and land inventory |
InventoryOperativeBuilders
|
$7.15B | USD | Point-in-time |
| House and land inventory |
InventoryOperativeBuilders
|
$7.47B | USD | Point-in-time |
| Land held for sale |
InventoryRealEstateHeldForSale
|
$68.38M | USD | Point-in-time |
| Land held for sale |
InventoryRealEstateHeldForSale
|
$69.52M | USD | Point-in-time |
| Residential mortgage loans available-for-sale |
LoansHeldForSaleFairValueDisclosure
|
$385.45M | USD | Point-in-time |
| Residential mortgage loans available-for-sale |
LoansHeldForSaleFairValueDisclosure
|
$570.60M | USD | Point-in-time |
| Investments in unconsolidated entities |
EquityMethodInvestments
|
$64.81M | USD | Point-in-time |
| Investments in unconsolidated entities |
EquityMethodInvestments
|
$62.96M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$745.12M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$784.36M | USD | Point-in-time |
| Intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$137.54M | USD | Point-in-time |
| Intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$140.99M | USD | Point-in-time |
| Deferred tax assets, net |
DeferredTaxAssetsLiabilitiesNet
|
$645.29M | USD | Point-in-time |
| Deferred tax assets, net |
DeferredTaxAssetsLiabilitiesNet
|
$614.90M | USD | Point-in-time |
| Total assets |
Assets
|
$9.69B | USD | Point-in-time |
| Total assets |
Assets
|
$9.71B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$393.81M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$446.30M | USD | Point-in-time |
| Customer deposits |
CustomerAdvancesAndDeposits
|
$308.86M | USD | Point-in-time |
| Customer deposits |
CustomerAdvancesAndDeposits
|
$250.78M | USD | Point-in-time |
| Accrued and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$1.36B | USD | Point-in-time |
| Accrued and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$1.23B | USD | Point-in-time |
| Accrued Income Taxes |
AccruedIncomeTaxes
|
$86.92M | USD | Point-in-time |
| Accrued Income Taxes |
AccruedIncomeTaxes
|
$115.67M | USD | Point-in-time |
| Financial Services debt |
LineOfCredit
|
$437.80M | USD | Point-in-time |
| Financial Services debt |
LineOfCredit
|
$246.95M | USD | Point-in-time |
| Notes Payable |
NotesPayable
|
$3.09B | USD | Point-in-time |
| Notes Payable |
NotesPayable
|
$3.01B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$5.53B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$5.43B | USD | Point-in-time |
| Shareholders' equity |
StockholdersEquity
|
$4.15B | USD | Point-in-time |
| Shareholders' equity |
StockholdersEquity
|
$4.66B | USD | Point-in-time |
| Shareholders' equity |
StockholdersEquity
|
$4.27B | USD | Point-in-time |
| Shareholders' equity |
StockholdersEquity
|
$4.66B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$9.69B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$9.71B | USD | Point-in-time |
Income Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Home sale revenues |
HomeBuildingRevenue
|
$1.91B | USD | 1 Quarter |
| Home sale revenues |
HomeBuildingRevenue
|
$1.59B | USD | 1 Quarter |
| Land sale and other revenues |
LandSales
|
$2.69M | USD | 1 Quarter |
| Land sale and other revenues |
LandSales
|
$12.56M | USD | 1 Quarter |
| Total homebuilding revenues |
RealEstateRevenueNet
|
$1.59B | USD | 1 Quarter |
| Total homebuilding revenues |
RealEstateRevenueNet
|
$1.92B | USD | 1 Quarter |
| Financial Services |
FinancialServicesRevenue
|
$45.94M | USD | 1 Quarter |
| Financial Services |
FinancialServicesRevenue
|
$41.77M | USD | 1 Quarter |
| Consolidated revenues |
Revenues
|
$1.63B | USD | 1 Quarter |
| Consolidated revenues |
Revenues
|
$1.97B | USD | 1 Quarter |
| Home sale cost of revenues |
HomeBuildingCosts
|
$1.46B | USD | 1 Quarter |
| Home sale cost of revenues |
HomeBuildingCosts
|
$1.22B | USD | 1 Quarter |
| Land sale cost of revenues |
CostsOfRealEstateServicesAndLandSales
|
$11.55M | USD | 1 Quarter |
| Land sale cost of revenues |
CostsOfRealEstateServicesAndLandSales
|
$3.23M | USD | 1 Quarter |
| Total cost of revenues |
CostOfRealEstateRevenue
|
$1.47B | USD | 1 Quarter |
| Total cost of revenues |
CostOfRealEstateRevenue
|
$1.22B | USD | 1 Quarter |
| Financial Services expenses |
FinancialServicesCosts
|
$28.37M | USD | 1 Quarter |
| Financial Services expenses |
FinancialServicesCosts
|
$32.21M | USD | 1 Quarter |
| Selling, general, and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$236.27M | USD | 1 Quarter |
| Selling, general, and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$240.89M | USD | 1 Quarter |
| Other expense, net |
NonoperatingIncomeExpense
|
$-1.31M | USD | 1 Quarter |
| Other expense, net |
NonoperatingIncomeExpense
|
$-5.07M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$224.19M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$139.26M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$47.75M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$53.44M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$91.52M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$170.75M | USD | 1 Quarter |
| Basic earnings (usd per share) |
EarningsPerShareBasic
|
$0.59 | USD | 1 Quarter |
| Basic earnings (usd per share) |
EarningsPerShareBasic
|
$0.29 | USD | 1 Quarter |
| Diluted earnings (usd per share) |
EarningsPerShareDiluted
|
$0.28 | USD | 1 Quarter |
| Diluted earnings (usd per share) |
EarningsPerShareDiluted
|
$0.59 | USD | 1 Quarter |
| Cash dividends declared (usd per share) |
CommonStockDividendsPerShareDeclared
|
$0.09 | USD | 1 Quarter |
| Cash dividends declared (usd per share) |
CommonStockDividendsPerShareDeclared
|
$0.09 | USD | 1 Quarter |
| Basic shares outstanding (shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
317.76M | shares | 1 Quarter |
| Basic shares outstanding (shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
286.68M | shares | 1 Quarter |
| Effect of dilutive securities (shares) |
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1.34M | shares | 1 Quarter |
| Effect of dilutive securities (shares) |
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
2.33M | shares | 1 Quarter |
| Diluted shares outstanding (shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
288.03M | shares | 1 Quarter |
| Diluted shares outstanding (shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
320.08M | shares | 1 Quarter |
Cash Flow Statement
61 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$91.52M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$170.75M | USD | 1 Quarter |
| Deferred income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$23.48M | USD | 1 Quarter |
| Deferred income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$39.23M | USD | 1 Quarter |
| Land-related charges |
ImpairmentOfRealEstate
|
$3.42M | USD | 1 Quarter |
| Land-related charges |
ImpairmentOfRealEstate
|
$3.54M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$11.89M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$13.21M | USD | 1 Quarter |
| Share-based compensation expense |
ShareBasedCompensation
|
$14.16M | USD | 1 Quarter |
| Share-based compensation expense |
ShareBasedCompensation
|
$8.45M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-555.00K | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$793.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$237.17M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$267.01M | USD | 1 Quarter |
| Residential mortgage loans available-for-sale |
IncreaseDecreaseInMortgageLoansHeldForSale
|
$-185.15M | USD | 1 Quarter |
| Residential mortgage loans available-for-sale |
IncreaseDecreaseInMortgageLoansHeldForSale
|
$-194.12M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$9.25M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-21.86M | USD | 1 Quarter |
| Accounts payable, accrued and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$13.08M | USD | 1 Quarter |
| Accounts payable, accrued and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-71.36M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$169.01M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$39.80M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$10.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$15.43M | USD | 1 Quarter |
| Investments in unconsolidated entities |
PaymentsToAcquireEquityMethodInvestments
|
$14.80M | USD | 1 Quarter |
| Investments in unconsolidated entities |
PaymentsToAcquireEquityMethodInvestments
|
$1.00M | USD | 1 Quarter |
| Cash used for business acquisition |
PaymentsToAcquireBusinessesGross
|
- | USD | 1 Quarter |
| Other investing activities, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-452.00K | USD | 1 Quarter |
| Other investing activities, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-1.42M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-15.98M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-23.38M | USD | 1 Quarter |
| Repayments of debt |
RepaymentsOfLongTermDebt
|
$451.00K | USD | 1 Quarter |
| Repayments of debt |
RepaymentsOfLongTermDebt
|
$1.07M | USD | 1 Quarter |
| Borrowings under revolving credit facility |
ProceedsFromLinesOfCredit
|
$768.00M | USD | 1 Quarter |
| Borrowings under revolving credit facility |
ProceedsFromLinesOfCredit
|
- | USD | 1 Quarter |
| Repayments under revolving credit facility |
RepaymentsOfLinesOfCredit
|
- | USD | 1 Quarter |
| Repayments under revolving credit facility |
RepaymentsOfLinesOfCredit
|
$768.00M | USD | 1 Quarter |
| Financial Services borrowings (repayments) |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-190.85M | USD | 1 Quarter |
| Financial Services borrowings (repayments) |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-191.24M | USD | 1 Quarter |
| Stock option exercises |
ProceedsFromIssuanceOfCommonStock
|
$2.72M | USD | 1 Quarter |
| Stock option exercises |
ProceedsFromIssuanceOfCommonStock
|
$11.12M | USD | 1 Quarter |
| Share repurchases |
PaymentsForRepurchaseOfCommonStock
|
$105.52M | USD | 1 Quarter |
| Share repurchases |
PaymentsForRepurchaseOfCommonStock
|
$59.49M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$29.10M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$26.35M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-274.42M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-315.81M | USD | 1 Quarter |
| Net increase (decrease) |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-299.38M | USD | 1 Quarter |
| Net increase (decrease) |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-121.38M | USD | 1 Quarter |
| Cash, cash equivalents, and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$306.17M | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$423.86M | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$723.25M | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$184.79M | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$306.17M | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$423.86M | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$723.25M | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$184.79M | USD | Point-in-time |
| Interest paid (capitalized), net |
Interestpaidcapitalizednet
|
$12.83M | USD | 1 Quarter |
| Interest paid (capitalized), net |
Interestpaidcapitalizednet
|
$30.11M | USD | 1 Quarter |
| Income taxes paid (refunded), net |
IncomeTaxesPaidNet
|
$1.04M | USD | 1 Quarter |
| Income taxes paid (refunded), net |
IncomeTaxesPaidNet
|
$631.00K | USD | 1 Quarter |
Stockholders Equity
24 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Shareholders' Equity beginning of period |
StockholdersEquity
|
$4.15B | USD | Point-in-time |
| Shareholders' Equity beginning of period |
StockholdersEquity
|
$4.66B | USD | Point-in-time |
| Shareholders' Equity beginning of period |
StockholdersEquity
|
$4.27B | USD | Point-in-time |
| Shareholders' Equity beginning of period |
StockholdersEquity
|
$4.66B | USD | Point-in-time |
| Cumulative effect of accounting change (see Note 1) |
CumulativeEffectOnRetainedEarningsNetOfTax1
|
$22.41M | USD | 1 Quarter |
| Cumulative effect of accounting change (see Note 1) |
CumulativeEffectOnRetainedEarningsNetOfTax1
|
$18.24M | USD | 1 Quarter |
| Stock option exercises |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$2.72M | USD | 1 Quarter |
| Stock option exercises |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$11.12M | USD | 1 Quarter |
| Stock issuances, net of cancellations |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$3.48M | USD | 1 Quarter |
| Stock issuances, net of cancellations |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$3.57M | USD | 1 Quarter |
| Dividends declared |
Dividends
|
$28.84M | USD | 1 Quarter |
| Dividends declared |
Dividends
|
$26.05M | USD | 1 Quarter |
| Share repurchases |
StockRepurchasedDuringPeriodValue
|
$105.52M | USD | 1 Quarter |
| Share repurchases |
StockRepurchasedDuringPeriodValue
|
$59.49M | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$10.68M | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$6.78M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$91.52M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$170.75M | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$21.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$21.00K | USD | 1 Quarter |
| Shareholders' Equity end of period |
StockholdersEquity
|
$4.15B | USD | Point-in-time |
| Shareholders' Equity end of period |
StockholdersEquity
|
$4.66B | USD | Point-in-time |
| Shareholders' Equity end of period |
StockholdersEquity
|
$4.27B | 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
|
$91.52M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$170.75M | USD | 1 Quarter |
| Change in value of derivatives |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$21.00K | USD | 1 Quarter |
| Change in value of derivatives |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$21.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$21.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$21.00K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$170.77M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$91.54M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.