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Supplemental Guarantor Information (Tables)

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2011

Jun. 30, 2010

Jun. 30, 2011

Jun. 30, 2010

Dec. 31, 2010

Supplemental Guarantor Information

Balance Sheet


		Unconsolidated
		PulteGroup, Inc.				Guarantor Subsidiaries				Non- Guarantor Subsidiaries				Eliminating Entries				Consolidated PulteGroup, Inc.
ASSETS
Cash and equivalents		$	98,393			$	648,352			$	328,478			$	—			$	1,075,223
Restricted cash			103,941				6,622				17,671				—				128,234
Unfunded settlements			—				16,662				(3,028	)			—				13,634
House and land inventory			—				4,900,992				4,131				—				4,905,123
Land held for sale			—				128,159				—				—				128,159
Land, not owned, under option agreements			—				30,037				—				—				30,037
Residential mortgage loans available-for-sale			—				—				148,549				—				148,549
Securities purchased under agreements to resell			39,005				—				(39,005	)							—
Investments in unconsolidated entities			1,525				36,878				2,608				—				41,011
Goodwill			—				240,541				—				—				240,541
Intangible assets, net			—				168,898				—				—				168,898
Other assets			20,526				400,873				45,933				—				467,332
Income taxes receivable			78,864				—				—				—				78,864
Deferred income tax assets			(34,620	)			27				34,593				—				—
Investments in subsidiaries and intercompany accounts, net			5,442,749				6,168,087				6,212,123				(17,822,959	)			—

		$	5,750,383			$	12,746,128			$	6,752,053			$	(17,822,959	)		$	7,425,605


LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities:
Accounts payable, customer deposits, accrued and other liabilities		$	76,391			$	1,060,812			$	614,410			$	—			$	1,751,613
Income tax liabilities			292,002				—				—				—				292,002
Senior notes			3,332,263				—				—				—				3,332,263

Total liabilities			3,700,656				1,060,812				614,410				—				5,375,878
Total shareholders' equity			2,049,727				11,685,316				6,137,643				(17,822,959	)			2,049,727

		$	5,750,383			$	12,746,128			$	6,752,053			$	(17,822,959	)		$	7,425,605


		Unconsolidated
		PulteGroup, Inc.				Guarantor Subsidiaries				Non- Guarantor Subsidiaries				Eliminating Entries				Consolidated PulteGroup, Inc.
ASSETS
Cash and equivalents		$	10,000			$	1,089,439			$	371,186			$	—			$	1,470,625
Restricted cash			—				3,927				20,674				—				24,601
Unfunded settlements			—				17,184				(4,419	)			—				12,765
House and land inventory			—				4,777,681				4,132				—				4,781,813
Land held for sale			—				71,055				—				—				71,055
Land, not owned, under option agreements			—				50,781				—				—				50,781
Residential mortgage loans available-for-sale			—				—				176,164				—				176,164
Securities purchased under agreements to resell			74,500				—				(74,500	)
Investments in unconsolidated entities			1,523				42,261				2,529				—				46,313
Goodwill			—				240,541				—				—				240,541
Intangible assets, net			—				175,448				—				—				175,448
Other assets			24,476				499,075				44,412				—				567,963
Income taxes receivable			81,307				—				—				—				81,307
Deferred income tax assets			(34,192	)			27				34,165				—				—
Investments in subsidiaries and intercompany accounts, net			5,749,695				5,783,384				6,265,591				(17,798,670	)			—

		$	5,907,309			$	12,750,803			$	6,839,934			$	(17,798,670	)		$	7,699,376


LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities:
Accounts payable, customer deposits, accrued and other liabilities		$	86,066			$	1,166,805			$	625,262			$	—			$	1,878,133
Income tax liabilities			294,408				—				—				—				294,408
Senior notes			3,391,668				—				—				—				3,391,668

Total liabilities			3,772,142				1,166,805				625,262				—				5,564,209
Total shareholders' equity			2,135,167				11,583,998				6,214,672				(17,798,670	)			2,135,167

		$	5,907,309			$	12,750,803			$	6,839,934			$	(17,798,670	)		$	7,699,376

Statement of Operations


		Unconsolidated
		PulteGroup, Inc.				Guarantor Subsidiaries				Non- Guarantor Subsidiaries				Eliminating Entries				Consolidated PulteGroup, Inc.
Revenues
Homebuilding
Home sale revenues		$	—			$	899,763			$	—			$	—			$	899,763
Land sale revenues			—				5,068				—				—				5,068

			—				904,831				—				—				904,831
Financial Services			—				286				22,095				—				22,381

			—				905,117				22,095				—				927,212

Homebuilding Cost of Revenues
Home sale cost of revenues			—				789,678				—				—				789,678
Land sale cost of revenues			—				3,787				—				—				3,787

			—				793,465				—				—				793,465

Financial Services expenses			183				55				38,815				—				39,053
Selling, general, and administrative expenses			9,823				126,996				1,561				—				138,380
Other expense (income), net			3,496				8,749				(577	)			—				11,668
Interest income			(88	)			(976	)			(81	)			—				(1,145	)
Interest expense			317				—				—				—				317
Intercompany interest			10,691				(8,088	)			(2,603	)			—				—
Equity in (earnings) loss of unconsolidated entities			(1	)			(1,174	)			(18	)			—				(1,193	)

Income (loss) before income taxes and equity in income (loss) of subsidiaries			(24,421	)			(13,910	)			(15,002	)			—				(53,333	)
Income tax expense (benefit)			1,065				2,118				(1,131	)			—				2,052

Income (loss) before equity in income (loss) of subsidiaries			(25,486	)			(16,028	)			(13,871	)			—				(55,385	)
Equity in income (loss) of subsidiaries			(29,899	)			(13,004	)			(53,921	)			96,824				—

Net income (loss)		$	(55,385	)		$	(29,032	)		$	(67,792	)		$	96,824			$	(55,385	)


		Unconsolidated
		PulteGroup, Inc.				Guarantor Subsidiaries				Non- Guarantor Subsidiaries				Eliminating Entries				Consolidated PulteGroup, Inc.
Revenues
Homebuilding
Home sale revenues		$	—			$	1,262,990			$	—			$	—			$	1,262,990
Land sale revenues			—				6,745				—				—				6,745

			—				1,269,735				—				—				1,269,735
Financial Services			—				1,097				35,066				—				36,163

			—				1,270,832				35,066				—				1,305,898

Homebuilding Cost of Revenues
Home sale cost of revenues			—				1,104,456				—				—				1,104,456
Land sale cost of revenues			—				2,563				—				—				2,563

			—				1,107,019				—				—				1,107,019

Financial Services expenses			188				(2,782	)			47,366				—				44,772
Selling, general, and administrative expenses			15,533				131,988				9,894				—				157,415
Other expense (income), net			(36	)			11,081				(1,811	)			—				9,234
Interest income			—				(2,176	)			(116	)			—				(2,292	)
Interest expense			1,018				—				—				—				1,018
Intercompany interest			42,867				(42,937	)			70				—				—
Equity in (earnings) loss of unconsolidated entities			(1	)			(5,756	)			215				—				(5,542	)

Income (loss) before income taxes and equity in income (loss) of subsidiaries			(59,569	)			74,395				(20,552	)			—				(5,726	)
Income tax expense (benefit)			13,480				(92,996	)			(2,513	)			—				(82,029	)

Income (loss) before equity in income (loss) of subsidiaries			(73,049	)			167,391				(18,039	)			—				76,303
Equity in income (loss) of subsidiaries			149,352				(10,643	)			137,487				(276,196	)			—

Net income (loss)		$	76,303			$	156,748			$	119,448			$	(276,196	)		$	76,303


		Unconsolidated
		PulteGroup, Inc.				Guarantor Subsidiaries				Non- Guarantor Subsidiaries				Eliminating Entries				Consolidated PulteGroup, Inc.
Revenues
Homebuilding
Home sale revenues		$	—			$	1,682,234			$	—			$	—			$	1,682,234
Land sale revenues			—				6,364				—				—				6,364

			—				1,688,598				—				—				1,688,598
Financial Services			—				569				43,247				—				43,816

			—				1,689,167				43,247				—				1,732,414

Homebuilding Cost of Revenues
Home sale cost of revenues			—				1,474,708				—				—				1,474,708
Land sale cost of revenues			—				4,717				—				—				4,717

			—				1,479,425				—				—				1,479,425

Financial Services expenses			328				201				58,997				—				59,526
Selling, general, and administrative expenses			20,816				256,289				3,721				—				280,826
Other expense (income), net			3,537				13,492				(1,451	)			—				15,578
Interest income			(88	)			(2,303	)			(191	)			—				(2,582	)
Interest expense			668				—				—				—				668
Intercompany interest			21,403				(16,732	)			(4,671	)			—				—
Equity in (earnings) loss of unconsolidated entities			(1	)			(2,223	)			(78	)			—				(2,302	)

Income (loss) before income taxes and equity in income (loss) of subsidiaries			(46,663	)			(38,982	)			(13,080	)			—				(98,725	)
Income tax expense (benefit)			358				(3,683	)			(489	)			—				(3,814	)

Income (loss) before equity in income (loss) of subsidiaries			(47,021	)			(35,299	)			(12,591	)			—				(94,911	)
Equity in income (loss) of subsidiaries			(47,890	)			(11,444	)			(121,232	)			180,566				—

Net income (loss)		$	(94,911	)		$	(46,743	)		$	(133,823	)		$	180,566			$	(94,911	)


		Unconsolidated
		PulteGroup, Inc.				Guarantor Subsidiaries				Non- Guarantor Subsidiaries				Eliminating Entries				Consolidated PulteGroup, Inc.
Revenues
Homebuilding
Home sale revenues		$	—			$	2,239,796			$	—			$	—			$	2,239,796
Land sale revenues			—				19,731				—				—				19,731

			—				2,259,527				—				—				2,259,527
Financial Services			—				2,019				64,710				—				66,729

			—				2,261,546				64,710				—				2,326,256

Homebuilding Cost of Revenues
Home sale cost of revenues			—				1,954,551				—				—				1,954,551
Land sale cost of revenues			—				11,561				—				—				11,561

			—				1,966,112				—				—				1,966,112

Financial Services expenses			371				(2,029	)			71,541				—				69,883
Selling, general, and administrative expenses			33,514				264,277				20,930				—				318,721
Other expense (income), net			(45	)			4,970				(4,132	)			—				793
Interest income			—				(4,846	)			(225	)			—				(5,071	)
Interest expense			1,500				—				—				—				1,500
Intercompany interest			83,907				(83,977	)			70				—				—
Equity in (earnings) loss of unconsolidated entities			(7	)			(5,390	)			(51	)			—				(5,448	)

Income (loss) before income taxes and equity in income (loss) of subsidiaries			(119,240	)			122,429				(23,423	)			—				(20,234	)
Income tax expense (benefit)			3,341				(83,925	)			(3,465	)			—				(84,049	)

Income (loss) before equity in income (loss) of subsidiaries			(122,581	)			206,354				(19,958	)			—				63,815
Equity in income (loss) of subsidiaries			186,396				(5,429	)			174,102				(355,069	)			—

Net income (loss)		$	63,815			$	200,925			$	154,144			$	(355,069	)		$	63,815

Statement of Cash Flows


		Unconsolidated
		PulteGroup, Inc.				Guarantor Subsidiaries				Non- Guarantor Subsidiaries				Eliminating Entries				Consolidated PulteGroup, Inc.
Net cash provided by (used in) operating activities		$	(31,096	)		$	(192,408	)		$	3,308			$	—			$	(220,196	)

Cash flows from investing activities:
Distributions from unconsolidated entities			—				3,856				—				—				3,856
Investments in unconsolidated entities			—				(3,184	)			—				—				(3,184	)
Change in restricted cash related to letters of credit			(103,940	)															(103,940	)
Net change in loans held for investment			—				—				519				—				519
Proceeds from the sale of fixed assets			—				9,178				—				—				9,178
Capital expenditures			—				(9,249	)			(1,599	)			—				(10,848	)

Net cash provided by (used in) investing activities			(103,940	)			601				(1,080	)			—				(104,419	)

Cash flows from financing activities:
Repayments of other borrowings			(69,311	)			480				—				—				(68,831	)
Intercompany activities, net			294,696				(249,760	)			(44,936	)			—				—
Stock repurchases			(1,956	)			—				—				—				(1,956	)

Net cash provided by (used in) financing activities			223,429				(249,280	)			(44,936	)			—				(70,787	)

Net increase (decrease) in cash and equivalents			88,393				(441,087	)			(42,708	)			—				(395,402	)
Cash and equivalents at beginning of period			10,000				1,089,439				371,186				—				1,470,625

Cash and equivalents at end of period		$	98,393			$	648,352			$	328,478			$	—			$	1,075,223


		Unconsolidated
		PulteGroup, Inc.				Guarantor Subsidiaries				Non- Guarantor Subsidiaries				Eliminating Entries				Consolidated PulteGroup, Inc.
Net cash provided by (used in) operating activities		$	795,240			$	152,852			$	(98,025	)		$	—			$	850,067

Cash flows from investing activities:
Distributions from unconsolidated entities			—				3,693				—				—				3,693
Investments in unconsolidated entities			—				(19,619	)			—				—				(19,619	)
Net change in loans held for investment			—								(531	)			—				(531	)
Proceeds from the sale of fixed assets			—				1,063				5				—				1,068
Capital expenditures			—				(7,775	)			(923	)			—				(8,698	)

Net cash provided by (used in) investing activities			—				(22,638	)			(1,449	)			—				(24,087	)

Cash flows from financing activities:
Net repayments under Financial Services credit arrangements			—				—				57,008				—				57,008
Repayment of other borrowings			—				(1,464	)			—				—				(1,464	)
Intercompany activities, net			(802,108	)			741,214				60,894				—				—
Issuance of common stock			8,617				—				—				—				8,617
Stock repurchases			(1,749	)			—				—				—				(1,749	)

Net cash provided by (used in) financing activities			(795,240	)			739,750				117,902				—				62,412

Net increase (decrease) in cash and equivalents			—				869,964				18,428				—				888,392
Cash and equivalents at beginning of period			—				1,501,684				356,550				—				1,858,234

Cash and equivalents at end of period		$	—			$	2,371,648			$	374,978			$	—			$	2,746,626