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Supplemental Guarantor Information (Tables)
 12 Months Ended
Dec. 31, 2011
Supplemental Guarantor Information [Abstract]  
Balance Sheet
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2011
($000’s omitted)
 
Unconsolidated
 
Eliminating
Entries
 
Consolidated
PulteGroup,
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
ASSETS
 
 
 
 
 
 
 
 
 
Cash and equivalents
$
119,287

 
$
875,561

 
$
88,223

 
$
—

 
$
1,083,071

Restricted cash
83,199

 
3,255

 
15,406

 
—

 
101,860

House and land inventory
—

 
4,632,337

 
4,131

 
—

 
4,636,468

Land held for sale
—

 
135,307

 
—

 
—

 
135,307

Land, not owned, under option
       agreements
—

 
24,905

 
—

 
—

 
24,905

Residential mortgage loans available-
       for-sale
—

 
—

 
258,075

 
—

 
258,075

Securities purchased under agreements
       to resell
127,327

 
—

 
(127,327
)
 
—

 
—

Investments in unconsolidated entities
1,527

 
31,836

 
2,625

 
—

 
35,988

Income taxes receivable
27,154

 
—

 
—

 
—

 
27,154

Other assets
20,983

 
364,747

 
34,714

 
—

 
420,444

Intangible assets
—

 
162,348

 
—

 
—

 
162,348

Deferred income tax assets
(15,517
)
 
23

 
15,494

 
—

 
—

Investments in subsidiaries and
       intercompany accounts, net
4,937,002

 
6,533,838

 
6,366,758

 
(17,837,598
)
 
—

 
$
5,300,962

 
$
12,764,157

 
$
6,658,099

 
$
(17,837,598
)
 
$
6,885,620

LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable, customer deposits,
       accrued and other liabilities
$
70,690

 
$
1,310,972

 
$
273,686

 
$
—

 
$
1,655,348

Income tax liabilities
203,313

 
—

 
—

 
—

 
203,313

Senior notes
3,088,344

 
—

 
—

 
—

 
3,088,344

Total liabilities
3,362,347

 
1,310,972

 
273,686

 
—

 
4,947,005

Total shareholders’ equity
1,938,615

 
11,453,185

 
6,384,413

 
(17,837,598
)
 
1,938,615

 
$
5,300,962

 
$
12,764,157

 
$
6,658,099

 
$
(17,837,598
)
 
$
6,885,620

CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2010
($000’s omitted)
 
Unconsolidated
 
Eliminating
Entries
 
Consolidated
PulteGroup,
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
ASSETS
 
 
 
 
 
 
 
 
 
Cash and equivalents
$
10,000

 
$
1,106,623

 
$
366,767

 
$
—

 
$
1,483,390

Restricted cash
—

 
3,927

 
20,674

 
—

 
24,601

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

Income taxes receivable
81,307

 
—

 
—

 
—

 
81,307

Other assets
24,476

 
499,075

 
44,412

 
—

 
567,963

Intangible assets
—

 
175,448

 
—

 
—

 
175,448

Goodwill
—

 
240,541

 
—

 
—

 
240,541

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
CONSOLIDATING STATEMENT OF OPERATIONS
For the year ended December 31, 2011
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
3,950,743

 
$
—

 
$
—

 
$
3,950,743

Land sale revenues
—

 
82,853

 
—

 
—

 
82,853

 
—

 
4,033,596

 
—

 
—

 
4,033,596

Financial Services
—

 
1,367

 
101,727

 
—

 
103,094

 
—

 
4,034,963

 
101,727

 
—

 
4,136,690

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
3,444,398

 
—

 
—

 
3,444,398

Land sale cost of revenues
—

 
59,279

 
—

 
—

 
59,279

 
—

 
3,503,677

 
—

 
—

 
3,503,677

Financial Services expenses
343

 
448

 
136,875

 
—

 
137,666

Selling, general and administrative
       expenses
33,144

 
488,746

 
(2,307
)
 
—

 
519,583

Other expense (income), net
5,581

 
288,298

 
(777
)
 
—

 
293,102

Interest income
(253
)
 
(4,443
)
 
(359
)
 
—

 
(5,055
)
Interest expense
1,313

 
—

 
—

 
—

 
1,313

Intercompany interest
39,060

 
(27,572
)
 
(11,488
)
 
—

 
—

Equity in (earnings) loss of
       unconsolidated entities
(5
)
 
(3,196
)
 
(95
)
 
—

 
(3,296
)
Income (loss) before income taxes and
       equity in income (loss) of
       subsidiaries
(79,183
)
 
(210,995
)
 
(20,122
)
 
—

 
(310,300
)
Income tax expense (benefit)
(2,623
)
 
(99,635
)
 
2,346

 
—

 
(99,912
)
Income (loss) before equity in income
       (loss) of subsidiaries
(76,560
)
 
(111,360
)
 
(22,468
)
 
—

 
(210,388
)
Equity in income (loss) of subsidiaries
(133,828
)
 
(25,427
)
 
(88,998
)
 
248,253

 
—

Net income (loss)
$
(210,388
)
 
$
(136,787
)
 
$
(111,466
)
 
$
248,253

 
$
(210,388
)

CONSOLIDATING STATEMENT OF OPERATIONS
For the year ended December 31, 2010
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
4,419,812

 
$
—

 
$
—

 
$
4,419,812

Land sale revenues
—

 
27,815

 
—

 
—

 
27,815

 
—

 
4,447,627

 
—

 
—

 
4,447,627

Financial Services
—

 
3,119

 
118,544

 
—

 
121,663

 
—

 
4,450,746

 
118,544

 
—

 
4,569,290

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
4,006,385

 
—

 
—

 
4,006,385

Land sale cost of revenues
—

 
53,555

 
—

 
—

 
53,555

 
—

 
4,059,940

 
—

 
—

 
4,059,940

Financial Services expenses
338

 
(1,462
)
 
117,246

 
—

 
116,122

Selling, general and administrative
       expenses
64,197

 
629,099

 
201,806

 
—

 
895,102

Other expense (income), net
38,899

 
707,647

 
(4,161
)
 
—

 
742,385

Interest income
—

 
(9,060
)
 
(471
)
 
—

 
(9,531
)
Interest expense
2,802

 
—

 
(73
)
 
—

 
2,729

Intercompany interest
169,158

 
(169,010
)
 
(148
)
 
—

 
—

Equity in (earnings) loss of
       unconsolidated entities
(11
)
 
(3,867
)
 
967

 
—

 
(2,911
)
Income (loss) before income taxes and
       equity in income (loss) of
       subsidiaries
(275,383
)
 
(762,541
)
 
(196,622
)
 
—

 
(1,234,546
)
Income tax expense (benefit)
58,318

 
(136,741
)
 
(59,394
)
 
—

 
(137,817
)
Income (loss) before equity in income
       (loss) of subsidiaries
(333,701
)
 
(625,800
)
 
(137,228
)
 
—

 
(1,096,729
)
Equity in income (loss) of subsidiaries
(763,028
)
 
(5,009
)
 
(172,241
)
 
940,278

 
—

Net income (loss)
$
(1,096,729
)
 
$
(630,809
)
 
$
(309,469
)
 
$
940,278

 
$
(1,096,729
)
CONSOLIDATING STATEMENT OF OPERATIONS
For the year ended December 31, 2009
($000’s omitted)
 
Unconsolidated
 
Eliminating
Entries
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
3,869,297

 
$
—

 
$
—

 
$
3,869,297

Land sale revenues
—

 
97,292

 
—

 
—

 
97,292

 
—

 
3,966,589

 
—

 
—

 
3,966,589

Financial Services
—

 
9,859

 
107,941

 
—

 
117,800

 
—

 
3,976,448

 
107,941

 
—

 
4,084,389

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
4,274,474

 
—

 
—

 
4,274,474

Land sale cost of revenues
—

 
211,170

 
—

 
—

 
211,170

 
—

 
4,485,644

 
—

 
—

 
4,485,644

Financial Services expenses
716

 
6,794

 
165,344

 
—

 
172,854

Selling, general and administrative
       expenses
77,227

 
542,622

 
52,585

 
—

 
672,434

Other expense (income), net
31,353

 
650,728

 
3,748

 
—

 
685,829

Interest income
(2
)
 
(7,782
)
 
(1,383
)
 
—

 
(9,167
)
Interest expense
1,810

 
537

 
(85
)
 
—

 
2,262

Intercompany interest
237,492

 
(237,492
)
 
—

 
—

 
—

Equity in (earnings) loss of
       unconsolidated entities
—

 
46,065

 
3,587

 
—

 
49,652

Income (loss) before income taxes and
       equity in income (loss) of
       subsidiaries
(348,596
)
 
(1,510,668
)
 
(115,855
)
 
—

 
(1,975,119
)
Income tax expense (benefit)
(139,828
)
 
(625,250
)
 
(27,474
)
 
—

 
(792,552
)
Income (loss) before equity in income
       (loss) of subsidiaries
(208,768
)
 
(885,418
)
 
(88,381
)
 
—

 
(1,182,567
)
Equity in income (loss) of subsidiaries
(973,799
)
 
(80,196
)
 
(191,763
)
 
1,245,758

 
—

Net income (loss)
$
(1,182,567
)
 
$
(965,614
)
 
$
(280,144
)
 
$
1,245,758

 
$
(1,182,567
)
Statement Of Cash Flows
CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended December 31, 2011
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Net cash provided by (used in)
   operating activities
$
(86,057
)
 
$
520,024

 
$
(416,745
)
 
$
—

 
$
17,222

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Distributions from unconsolidated
     entities
—

 
4,531

 
—

 
—

 
4,531

Investments in unconsolidated entities
—

 
(4,603
)
 
—

 
—

 
(4,603
)
Change in restricted cash related to
     letters of credit
(83,199
)
 
—

 
—

 
—

 
(83,199
)
Net change in loans held for investment
—

 
—

 
325

 
—

 
325

Proceeds from the sale of fixed assets
—

 
10,555

 
—

 
—

 
10,555

Capital expenditures
—

 
(18,331
)
 
(2,907
)
 
—

 
(21,238
)
Net cash provided by (used in) investing
   activities
(83,199
)
 
(7,848
)
 
(2,582
)
 
—

 
(93,629
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Repayment of other borrowings
(320,916
)
 
(160
)
 
—

 
—

 
(321,076
)
Intercompany activities, net
602,295

 
(743,078
)
 
140,783

 
—

 
—

Stock repurchases
(2,836
)
 
—

 
—

 
—

 
(2,836
)
Net cash provided by (used in)
   financing activities
278,543

 
(743,238
)
 
140,783

 
—

 
(323,912
)
Net increase (decrease) in cash and
   equivalents
109,287

 
(231,062
)
 
(278,544
)
 
—

 
(400,319
)
Cash and equivalents at beginning of year
10,000

 
1,106,623

 
366,767

 
—

 
1,483,390

Cash and equivalents at end of year
$
119,287

 
$
875,561

 
$
88,223

 
$
—

 
$
1,083,071


CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended December 31, 2010
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Net cash provided by (used in)
   operating activities
$
551,430

 
$
34,853

 
$
4,574

 
$
—

 
$
590,857

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Distributions from unconsolidated
     entities
—

 
4,231

 
—

 
—

 
4,231

Investments in unconsolidated entities
—

 
(21,623
)
 
(1,267
)
 
—

 
(22,890
)
Net change in loans held for investment
—

 
—

 
12,603

 
—

 
12,603

Proceeds from the sale of fixed assets
—

 
1,762

 
18

 
—

 
1,780

Capital expenditures
—

 
(13,168
)
 
(2,011
)
 
—

 
(15,179
)
Net cash provided by (used in) investing
   activities
—

 
(28,798
)
 
9,343

 
—

 
(19,455
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Net repayments under Financial Services
     credit arrangements
—

 
—

 
(18,394
)
 
—

 
(18,394
)
Repayment of other borrowings
(933,206
)
 
(1,444
)
 
—

 
—

 
(934,650
)
Intercompany activities, net
387,131

 
(404,757
)
 
17,626

 
—

 
—

Issuance of common stock
8,668

 
—

 
—

 
—

 
8,668

Stock repurchases
(4,023
)
 
—

 
—

 
—

 
(4,023
)
Net cash provided by (used in)
   financing activities
(541,430
)
 
(406,201
)
 
(768
)
 
—

 
(948,399
)
Net increase (decrease) in cash and
   equivalents
10,000

 
(400,146
)
 
13,149

 
—

 
(376,997
)
Cash and equivalents at beginning of year
—

 
1,506,769

 
353,618

 
—

 
1,860,387

Cash and equivalents at end of year
$
10,000

 
$
1,106,623

 
$
366,767

 
$
—

 
$
1,483,390

CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended December 31, 2009
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Net cash provided by (used in)
   operating activities
$
44,747

 
$
509,669

 
$
174,939

 
$
—

 
$
729,355

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Distributions from unconsolidated
     entities
—

 
8,612

 
—

 
—

 
8,612

Investments in unconsolidated entities
—

 
(35,144
)
 
—

 
—

 
(35,144
)
Cash acquired with Centex merger, net
     of cash used
(50
)
 
1,723,120

 
25,672

 
—

 
1,748,742

Net change in loans held for
     investment
—

 
—

 
8,802

 
—

 
8,802

Proceeds from the sale of fixed assets
—

 
1,960

 
91

 
—

 
2,051

Capital expenditures
—

 
(30,432
)
 
(8,820
)
 
—

 
(39,252
)
Net cash provided by (used in)
   investing activities
(50
)
 
1,668,116

 
25,745

 
—

 
1,693,811

Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Net repayments under Financial
     Services credit arrangements
—

 
—

 
(219,166
)
 
—

 
(219,166
)
Repayment of other borrowings
(2,000,732
)
 
(4,473
)
 
—

 
—

 
(2,005,205
)
Intercompany activities, net
1,961,695

 
(1,965,934
)
 
4,239

 
—

 
—

Issuance of common stock
4,782

 
—

 
—

 
—

 
4,782

Stock repurchases
(7,384
)
 
—

 
—

 
—

 
(7,384
)
Debt issuance costs
(3,058
)
 
—

 
—

 
—

 
(3,058
)
Net cash provided by (used in)
   financing activities
(44,697
)
 
(1,970,407
)
 
(214,927
)
 
—

 
(2,230,031
)
Net increase (decrease) in cash and
   equivalents
—

 
207,378

 
(14,243
)
 
—

 
193,135

Cash and equivalents at beginning of
   year
—

 
1,299,391

 
367,861

 
—

 
1,667,252

Cash and equivalents at end of year
$
—

 
$
1,506,769

 
$
353,618

 
$
—

 
$
1,860,387