10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000822416-23-000017 |
| Period End Date | 20230331 |
| Filing Date | 20230425 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | phm-20230331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
47 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.28B | USD | Point-in-time |
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.05B | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$48.83M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$41.45M | USD | Point-in-time |
| Total cash, cash equivalents, and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.33B | USD | Point-in-time |
| Total cash, cash equivalents, and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.83B | USD | Point-in-time |
| Total cash, cash equivalents, and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.09B | USD | Point-in-time |
| Total cash, cash equivalents, and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.21B | USD | Point-in-time |
| House and land inventory |
InventoryOperativeBuilders
|
$11.33B | USD | Point-in-time |
| House and land inventory |
InventoryOperativeBuilders
|
$11.43B | USD | Point-in-time |
| Land held for sale |
InventoryRealEstateHeldForSale
|
$42.25M | USD | Point-in-time |
| Land held for sale |
InventoryRealEstateHeldForSale
|
$48.04M | USD | Point-in-time |
| Residential mortgage loans available-for-sale |
LoansHeldForSaleFairValueDisclosure
|
$677.21M | USD | Point-in-time |
| Residential mortgage loans available-for-sale |
LoansHeldForSaleFairValueDisclosure
|
$420.64M | USD | Point-in-time |
| Investments in unconsolidated entities |
EquityMethodInvestments
|
$146.76M | USD | Point-in-time |
| Investments in unconsolidated entities |
EquityMethodInvestments
|
$144.66M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$1.29B | USD | Point-in-time |
| Other assets |
OtherAssets
|
$1.25B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$68.93M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$68.93M | USD | Point-in-time |
| Other intangible assets |
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
$64.20M | USD | Point-in-time |
| Other intangible assets |
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
$66.88M | USD | Point-in-time |
| Deferred tax assets |
DeferredIncomeTaxAssetsNet
|
$82.35M | USD | Point-in-time |
| Deferred tax assets |
DeferredIncomeTaxAssetsNet
|
$79.35M | USD | Point-in-time |
| Total assets |
Assets
|
$14.83B | USD | Point-in-time |
| Total assets |
Assets
|
$14.80B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$488.76M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$565.98M | USD | Point-in-time |
| Customer deposits |
ContractWithCustomerLiability
|
$796.38M | USD | Point-in-time |
| Customer deposits |
ContractWithCustomerLiability
|
$783.56M | USD | Point-in-time |
| Deferred tax liabilities |
AccruedIncomeTaxes
|
$215.45M | USD | Point-in-time |
| Deferred tax liabilities |
AccruedIncomeTaxes
|
$240.60M | USD | Point-in-time |
| Accrued and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$1.68B | USD | Point-in-time |
| Accrued and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$1.69B | USD | Point-in-time |
| Financial Services debt |
FinancialServicesDebt
|
$586.71M | USD | Point-in-time |
| Financial Services debt |
FinancialServicesDebt
|
$324.45M | USD | Point-in-time |
| Revolving credit facility |
LineOfCredit
|
- | USD | Point-in-time |
| Notes payable |
NotesPayable
|
$2.05B | USD | Point-in-time |
| Notes payable |
NotesPayable
|
$2.04B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$5.57B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$5.88B | USD | Point-in-time |
| Shareholders' equity |
StockholdersEquity
|
$9.26B | USD | Point-in-time |
| Shareholders' equity |
StockholdersEquity
|
$8.91B | USD | Point-in-time |
| Shareholders' equity |
StockholdersEquity
|
$7.41B | USD | Point-in-time |
| Shareholders' equity |
StockholdersEquity
|
$7.49B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$14.83B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$14.80B | USD | Point-in-time |
Income Statement
26 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total revenues |
Revenues
|
$3.58B | USD | 1 Quarter |
| Total revenues |
Revenues
|
$3.15B | USD | 1 Quarter |
| Selling, general, and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$329.02M | USD | 1 Quarter |
| Selling, general, and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$336.52M | USD | 1 Quarter |
| Equity income from unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$1.22M | USD | 1 Quarter |
| Equity income from unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$2.51M | USD | 1 Quarter |
| Other income (expense), net |
NonoperatingIncomeExpense
|
$1.82M | USD | 1 Quarter |
| Other income (expense), net |
NonoperatingIncomeExpense
|
$-3.36M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$702.12M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$599.89M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$145.17M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$169.86M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$454.72M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$532.26M | USD | 1 Quarter |
| Basic earnings (usd per share) |
EarningsPerShareBasic
|
$1.84 | USD | 1 Quarter |
| Basic earnings (usd per share) |
EarningsPerShareBasic
|
$2.35 | USD | 1 Quarter |
| Diluted earnings (usd per share) |
EarningsPerShareDiluted
|
$2.35 | USD | 1 Quarter |
| Diluted earnings (usd per share) |
EarningsPerShareDiluted
|
$1.83 | USD | 1 Quarter |
| Cash dividends declared (usd per share) |
CommonStockDividendsPerShareDeclared
|
$0.16 | USD | 1 Quarter |
| Cash dividends declared (usd per share) |
CommonStockDividendsPerShareDeclared
|
$0.15 | USD | 1 Quarter |
| Basic shares outstanding (shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
245.80M | shares | 1 Quarter |
| Basic shares outstanding (shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
225.13M | shares | 1 Quarter |
| Effect of dilutive securities (shares) |
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1.07M | shares | 1 Quarter |
| Effect of dilutive securities (shares) |
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
830,000.00 | shares | 1 Quarter |
| Diluted shares outstanding (shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
225.96M | shares | 1 Quarter |
| Diluted shares outstanding (shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
246.87M | shares | 1 Quarter |
Cash Flow Statement
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$454.72M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$532.26M | USD | 1 Quarter |
| Deferred income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$28.15M | USD | 1 Quarter |
| Deferred income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$13.41M | USD | 1 Quarter |
| Land-related charges |
ProductionRelatedImpairmentsOrCharges
|
$5.68M | USD | 1 Quarter |
| Land-related charges |
ProductionRelatedImpairmentsOrCharges
|
$3.51M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$16.18M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$19.14M | USD | 1 Quarter |
| Equity income from unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$1.22M | USD | 1 Quarter |
| Equity income from unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$2.51M | USD | 1 Quarter |
| Distributions of income from unconsolidated entities |
EquityMethodInvestmentDividendsOrDistributions
|
- | USD | 1 Quarter |
| Distributions of income from unconsolidated entities |
EquityMethodInvestmentDividendsOrDistributions
|
$3.51M | USD | 1 Quarter |
| Share-based compensation expense |
ShareBasedCompensation
|
$16.61M | USD | 1 Quarter |
| Share-based compensation expense |
ShareBasedCompensation
|
$12.49M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-50.00K | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-48.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$814.77M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$85.41M | USD | 1 Quarter |
| Residential mortgage loans available-for-sale |
IncreaseDecreaseInMortgageLoansHeldForSale
|
$-256.36M | USD | 1 Quarter |
| Residential mortgage loans available-for-sale |
IncreaseDecreaseInMortgageLoansHeldForSale
|
$-436.87M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-25.05M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$35.34M | USD | 1 Quarter |
| Accounts payable, accrued and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$117.65M | USD | 1 Quarter |
| Accounts payable, accrued and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-83.40M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$207.67M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$711.37M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$23.74M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$30.69M | USD | 1 Quarter |
| Investments in unconsolidated entities |
PaymentsToAcquireEquityMethodInvestments
|
$1.12M | USD | 1 Quarter |
| Investments in unconsolidated entities |
PaymentsToAcquireEquityMethodInvestments
|
$6.68M | USD | 1 Quarter |
| Distributions of capital from unconsolidated entities |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$2.22M | USD | 1 Quarter |
| Distributions of capital from unconsolidated entities |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
- | USD | 1 Quarter |
| Business acquisition |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | USD | 1 Quarter |
| Business acquisition |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$10.40M | USD | 1 Quarter |
| Other investing activities, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$1.57M | USD | 1 Quarter |
| Other investing activities, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$199.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-24.21M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-47.97M | USD | 1 Quarter |
| Repayments of notes payable |
RepaymentsOfLongTermDebt
|
$4.50M | USD | 1 Quarter |
| Repayments of notes payable |
RepaymentsOfLongTermDebt
|
- | USD | 1 Quarter |
| Financial Services repayments, net |
ProceedsFromRepaymentsOfOtherDebt
|
$-262.26M | USD | 1 Quarter |
| Financial Services repayments, net |
ProceedsFromRepaymentsOfOtherDebt
|
$-229.99M | USD | 1 Quarter |
| Proceeds from liabilities related to consolidated inventory not owned |
ProceedsLandUnderPurchaseOptionsRecorded
|
$18.45M | USD | 1 Quarter |
| Proceeds from liabilities related to consolidated inventory not owned |
ProceedsLandUnderPurchaseOptionsRecorded
|
- | USD | 1 Quarter |
| Payments related to consolidated inventory not owned |
PaymentsLandUnderPurchaseOptionsRecorded
|
$10.10M | USD | 1 Quarter |
| Payments related to consolidated inventory not owned |
PaymentsLandUnderPurchaseOptionsRecorded
|
- | USD | 1 Quarter |
| Share repurchases |
PaymentsForRepurchaseOfCommonStock
|
$500.00M | USD | 1 Quarter |
| Share repurchases |
PaymentsForRepurchaseOfCommonStock
|
$150.00M | USD | 1 Quarter |
| Cash paid for shares withheld for taxes |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$10.06M | USD | 1 Quarter |
| Cash paid for shares withheld for taxes |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$13.61M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$37.80M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$36.38M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-781.39M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-454.85M | USD | 1 Quarter |
| Net increase (decrease) in cash, cash equivalents, and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-621.70M | USD | 1 Quarter |
| Net increase (decrease) in cash, cash equivalents, and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$232.30M | USD | 1 Quarter |
| Cash, cash equivalents, and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.33B | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.83B | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.09B | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.21B | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.33B | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.83B | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.09B | USD | Point-in-time |
| Cash, cash equivalents, and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.21B | USD | Point-in-time |
| Interest paid (capitalized), net |
Interestpaidcapitalizednet
|
$6.21M | USD | 1 Quarter |
| Interest paid (capitalized), net |
Interestpaidcapitalizednet
|
$5.16M | USD | 1 Quarter |
| Income taxes paid (refunded), net |
IncomeTaxesPaidNet
|
$1.92M | USD | 1 Quarter |
| Income taxes paid (refunded), net |
IncomeTaxesPaidNet
|
$209.00K | USD | 1 Quarter |
Stockholders Equity
23 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning shareholders' equity |
StockholdersEquity
|
$9.26B | USD | Point-in-time |
| Beginning shareholders' equity |
StockholdersEquity
|
$8.91B | USD | Point-in-time |
| Beginning shareholders' equity |
StockholdersEquity
|
$7.41B | USD | Point-in-time |
| Beginning shareholders' equity |
StockholdersEquity
|
$7.49B | USD | Point-in-time |
| Share issuances |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$6.03M | USD | 1 Quarter |
| Share issuances |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$4.84M | USD | 1 Quarter |
| Dividends declared |
Dividends
|
$36.14M | USD | 1 Quarter |
| Dividends declared |
Dividends
|
$36.51M | USD | 1 Quarter |
| Share repurchases |
StockRepurchasedDuringPeriodValue
|
$500.00M | USD | 1 Quarter |
| Share repurchases |
StockRepurchasedDuringPeriodValue
|
$150.00M | USD | 1 Quarter |
| Excise tax on share repurchases |
ExciseTaxOnShareRepurchase
|
$1.22M | USD | 1 Quarter |
| Cash paid for shares withheld for taxes |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$10.06M | USD | 1 Quarter |
| Cash paid for shares withheld for taxes |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$13.61M | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$13.10M | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$10.03M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$454.72M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$532.26M | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$25.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
- | USD | 1 Quarter |
| Ending shareholders' equity |
StockholdersEquity
|
$9.26B | USD | Point-in-time |
| Ending shareholders' equity |
StockholdersEquity
|
$8.91B | USD | Point-in-time |
| Ending shareholders' equity |
StockholdersEquity
|
$7.41B | USD | Point-in-time |
| Ending shareholders' equity |
StockholdersEquity
|
$7.49B | USD | Point-in-time |
Comprehensive Income
8 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$454.72M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$532.26M | USD | 1 Quarter |
| Change in value of derivatives |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
|
- | USD | 1 Quarter |
| Change in value of derivatives |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
|
$25.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$25.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
- | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$454.75M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$532.26M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.