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Supplemental Guarantor Information (Tables) | 9 Months Ended
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Sep. 30, 2012
Supplemental Guarantor Information [Abstract] |
Consolidating Balance Sheet | CONDENSED CONSOLIDATING BALANCE SHEET SEPTEMBER 30, 2012 ($000’s omitted)
| Unconsolidated |  | Eliminating Entries |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |
ASSETS |  |  |  |  |  |  |  |  |
Cash and equivalents | $ | 143,561 |  |  | $ | 1,337,123 |  |  | $ | 82,967 |  |  | $ | — |  |  | $ | 1,563,651 |
Restricted cash | 57,103 |  |  | 4,958 |  |  | 14,669 |  |  | — |  |  | 76,730 |
House and land inventory | — |  |  | 4,466,440 |  |  | 4,131 |  |  | — |  |  | 4,470,571 |
Land held for sale | — |  |  | 129,523 |  |  | — |  |  | — |  |  | 129,523 |
Land, not owned, under option agreements | — |  |  | 11,054 |  |  | — |  |  | — |  |  | 11,054 |
Residential mortgage loans available- for-sale | — |  |  | — |  |  | 263,378 |  |  | — |  |  | 263,378 |
Securities purchased under agreements to resell | 90 |  |  | — |  |  | (90 | ) |  | — |  |  | — |
Investments in unconsolidated entities | 1,529 |  |  | 26,119 |  |  | 3,146 |  |  | — |  |  | 30,794 |
Income taxes receivable | 28,282 |  |  | — |  |  | — |  |  | — |  |  | 28,282 |
Other assets | (5,196 | ) |  | 352,877 |  |  | 66,393 |  |  | — |  |  | 414,074 |
Intangible assets | — |  |  | 152,523 |  |  | — |  |  | — |  |  | 152,523 |
Investments in subsidiaries and intercompany accounts, net | 5,184,122 |  |  | 6,408,166 |  |  | 6,262,289 |  |  | (17,854,577 | ) |  | — |
| $ | 5,409,491 |  |  | $ | 12,888,783 |  |  | $ | 6,696,883 |  |  | $ | (17,854,577 | ) |  | $ | 7,140,580 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable, customer deposits, accrued and other liabilities | $ | 85,328 |  |  | $ | 1,362,632 |  |  | $ | 265,457 |  |  | $ | — |  |  | $ | 1,713,417 |
Income tax liabilities | 202,280 |  |  | — |  |  | — |  |  | — |  |  | 202,280 |
Financial Services debt | — |  |  | — |  |  | 103,000 |  |  | — |  |  | 103,000 |
Senior notes | 2,999,837 |  |  | — |  |  | — |  |  | — |  |  | 2,999,837 |
Total liabilities | 3,287,445 |  |  | 1,362,632 |  |  | 368,457 |  |  | — |  |  | 5,018,534 |
Total shareholders’ equity | 2,122,046 |  |  | 11,526,151 |  |  | 6,328,426 |  |  | (17,854,577 | ) |  | 2,122,046 |
| $ | 5,409,491 |  |  | $ | 12,888,783 |  |  | $ | 6,696,883 |  |  | $ | (17,854,577 | ) |  | $ | 7,140,580 |
CONDENSED 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 | 5,466 |  |  | 364,770 |  |  | 50,208 |  |  | — |  |  | 420,444 |
Intangible assets | — |  |  | 162,348 |  |  | — |  |  | — |  |  | 162,348 |
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 Statement of Operations and Comprehensive Income (Loss) | CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the three months ended September 30, 2012 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 1,232,704 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,232,704 |
Land sale revenues | — |  |  | 22,623 |  |  | — |  |  | — |  |  | 22,623 |
| — |  |  | 1,255,327 |  |  | — |  |  | — |  |  | 1,255,327 |
Financial Services | — |  |  | 537 |  |  | 46,727 |  |  | — |  |  | 47,264 |
| — |  |  | 1,255,864 |  |  | 46,727 |  |  | — |  |  | 1,302,591 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | 1,023,704 |  |  | — |  |  | — |  |  | 1,023,704 |
Land sale cost of revenues | — |  |  | 21,061 |  |  | — |  |  | — |  |  | 21,061 |
| — |  |  | 1,044,765 |  |  | — |  |  | — |  |  | 1,044,765 |
Financial Services expenses | (5 | ) |  | 123 |  |  | 20,460 |  |  | — |  |  | 20,578 |
Selling, general and administrative expenses | — |  |  | 124,410 |  |  | 781 |  |  | — |  |  | 125,191 |
Other expense (income), net | (10 | ) |  | 7,315 |  |  | 148 |  |  | — |  |  | 7,453 |
Interest income | (55 | ) |  | (1,141 | ) |  | (23 | ) |  | — |  |  | (1,219 | )
Interest expense | 201 |  |  | — |  |  | — |  |  | — |  |  | 201 |
Intercompany interest | 159,014 |  |  | (155,576 | ) |  | (3,438 | ) |  | — |  |  | — |
Equity in (earnings) loss of unconsolidated entities | — |  |  | (150 | ) |  | (134 | ) |  | — |  |  | (284 | )
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (159,145 | ) |  | 236,118 |  |  | 28,933 |  |  | — |  |  | 105,906 |
Income tax expense (benefit) | (9,738 | ) |  | (10,648 | ) |  | 9,659 |  |  | — |  |  | (10,727 | )
Income (loss) before equity in income (loss) of subsidiaries | (149,407 | ) |  | 246,766 |  |  | 19,274 |  |  | — |  |  | 116,633 |
Equity in income (loss) of subsidiaries | 266,040 |  |  | 19,387 |  |  | 183,738 |  |  | (469,165 | ) |  | — |
Net income (loss) | 116,633 |  |  | 266,153 |  |  | 203,012 |  |  | (469,165 | ) |  | 116,633 |
Other comprehensive income (loss) | 58 |  |  | — |  |  | — |  |  | — |  |  | 58 |
Comprehensive income (loss) | $ | 116,691 |  |  | $ | 266,153 |  |  | $ | 203,012 |  |  | $ | (469,165 | ) |  | $ | 116,691 |
CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the three months ended September 30, 2011 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 1,101,368 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,101,368 |
Land sale revenues | — |  |  | 12,659 |  |  | — |  |  | — |  |  | 12,659 |
| — |  |  | 1,114,027 |  |  | — |  |  | — |  |  | 1,114,027 |
Financial Services | — |  |  | 328 |  |  | 27,576 |  |  | — |  |  | 27,904 |
| — |  |  | 1,114,355 |  |  | 27,576 |  |  | — |  |  | 1,141,931 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | 947,817 |  |  | — |  |  | — |  |  | 947,817 |
Land sale cost of revenues | — |  |  | (2,935 | ) |  | — |  |  | — |  |  | (2,935 | )
| — |  |  | 944,882 |  |  | — |  |  | — |  |  | 944,882 |
Financial Services expenses | 90 |  |  | 58 |  |  | 19,158 |  |  | — |  |  | 19,306 |
Selling, general and administrative expenses | 6,720 |  |  | 114,573 |  |  | 260 |  |  | — |  |  | 121,553 |
Other expense (income), net | — |  |  | 259,958 |  |  | (771 | ) |  | — |  |  | 259,187 |
Interest income | (79 | ) |  | (974 | ) |  | (69 | ) |  | — |  |  | (1,122 | )
Interest expense | 322 |  |  | — |  |  | — |  |  | — |  |  | 322 |
Intercompany interest | 10,648 |  |  | (7,215 | ) |  | (3,433 | ) |  | — |  |  | — |
Equity in (earnings) loss of unconsolidated entities | (3 | ) |  | (791 | ) |  | 1,097 |  |  | — |  |  | 303 |
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (17,698 | ) |  | (196,136 | ) |  | 11,334 |  |  | — |  |  | (202,500 | )
Income tax expense (benefit) | (2,546 | ) |  | (73,127 | ) |  | 2,471 |  |  | — |  |  | (73,202 | )
Income (loss) before equity in income (loss) of subsidiaries | (15,152 | ) |  | (123,009 | ) |  | 8,863 |  |  | — |  |  | (129,298 | )
Equity in income (loss) of subsidiaries | (114,146 | ) |  | 9,781 |  |  | (12,880 | ) |  | 117,245 |  |  | — |
Net income (loss) | (129,298 | ) |  | (113,228 | ) |  | (4,017 | ) |  | 117,245 |  |  | (129,298 | )
Other comprehensive income (loss) | 64 |  |  | — |  |  | — |  |  | — |  |  | 64 |
Comprehensive income (loss) | $ | (129,234 | ) |  | $ | (113,228 | ) |  | $ | (4,017 | ) |  | $ | 117,245 |  |  | $ | (129,234 | )
CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the nine months ended September 30, 2012 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 3,070,895 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,070,895 |
Land sale revenues | — |  |  | 69,770 |  |  | — |  |  | — |  |  | 69,770 |
| — |  |  | 3,140,665 |  |  | — |  |  | — |  |  | 3,140,665 |
Financial Services | — |  |  | 1,367 |  |  | 111,000 |  |  | — |  |  | 112,367 |
| — |  |  | 3,142,032 |  |  | 111,000 |  |  | — |  |  | 3,253,032 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | 2,605,249 |  |  | — |  |  | — |  |  | 2,605,249 |
Land sale cost of revenues | — |  |  | 62,069 |  |  | — |  |  | — |  |  | 62,069 |
| — |  |  | 2,667,318 |  |  | — |  |  | — |  |  | 2,667,318 |
Financial Services expenses | 165 |  |  | 396 |  |  | 62,353 |  |  | — |  |  | 62,914 |
Selling, general and administrative expenses | — |  |  | 370,076 |  |  | 2,615 |  |  | — |  |  | 372,691 |
Other expense (income), net | (30 | ) |  | 21,774 |  |  | 2,826 |  |  | — |  |  | 24,570 |
Interest income | (178 | ) |  | (3,335 | ) |  | (69 | ) |  | — |  |  | (3,582 | )
Interest expense | 616 |  |  | — |  |  | — |  |  | — |  |  | 616 |
Intercompany interest | 421,479 |  |  | (411,405 | ) |  | (10,074 | ) |  | — |  |  | — |
Equity in (earnings) loss of unconsolidated entities | (2 | ) |  | (3,312 | ) |  | (522 | ) |  | — |  |  | (3,836 | )
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (422,050 | ) |  | 500,520 |  |  | 53,871 |  |  | — |  |  | 132,341 |
Income tax expense (benefit) | 9,518 |  |  | (14,842 | ) |  | (9,738 | ) |  | — |  |  | (15,062 | )
Income (loss) before equity in income (loss) of subsidiaries | (431,568 | ) |  | 515,362 |  |  | 63,609 |  |  | — |  |  | 147,403 |
Equity in income (loss) of subsidiaries | 578,971 |  |  | 64,123 |  |  | 329,332 |  |  | (972,426 | ) |  | — |
Net income (loss) | 147,403 |  |  | 579,485 |  |  | 392,941 |  |  | (972,426 | ) |  | 147,403 |
Other comprehensive income (loss) | 173 |  |  | — |  |  | — |  |  | — |  |  | 173 |
Comprehensive income (loss) | $ | 147,576 |  |  | $ | 579,485 |  |  | $ | 392,941 |  |  | $ | (972,426 | ) |  | $ | 147,576 |
CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the nine months ended September 30, 2011 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 2,783,602 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,783,602 |
Land sale revenues | — |  |  | 19,023 |  |  | — |  |  | — |  |  | 19,023 |
| — |  |  | 2,802,625 |  |  | — |  |  | — |  |  | 2,802,625 |
Financial Services | — |  |  | 897 |  |  | 70,823 |  |  | — |  |  | 71,720 |
| — |  |  | 2,803,522 |  |  | 70,823 |  |  | — |  |  | 2,874,345 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | 2,422,525 |  |  | — |  |  | — |  |  | 2,422,525 |
Land sale cost of revenues | — |  |  | 1,782 |  |  | — |  |  | — |  |  | 1,782 |
| — |  |  | 2,424,307 |  |  | — |  |  | — |  |  | 2,424,307 |
Financial Services expenses | 418 |  |  | 259 |  |  | 78,155 |  |  | — |  |  | 78,832 |
Selling, general and administrative expenses | 27,536 |  |  | 370,862 |  |  | 3,981 |  |  | — |  |  | 402,379 |
Other expense (income), net | 3,537 |  |  | 273,450 |  |  | (2,222 | ) |  | — |  |  | 274,765 |
Interest income | (167 | ) |  | (3,277 | ) |  | (260 | ) |  | — |  |  | (3,704 | )
Interest expense | 990 |  |  | — |  |  | — |  |  | — |  |  | 990 |
Intercompany interest | 32,051 |  |  | (23,947 | ) |  | (8,104 | ) |  | — |  |  | — |
Equity in (earnings) loss of unconsolidated entities | (4 | ) |  | (3,014 | ) |  | 1,019 |  |  | — |  |  | (1,999 | )
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (64,361 | ) |  | (235,118 | ) |  | (1,746 | ) |  | — |  |  | (301,225 | )
Income tax expense (benefit) | (2,188 | ) |  | (76,810 | ) |  | 1,982 |  |  | — |  |  | (77,016 | )
Income (loss) before equity in income (loss) of subsidiaries | (62,173 | ) |  | (158,308 | ) |  | (3,728 | ) |  | — |  |  | (224,209 | )
Equity in income (loss) of subsidiaries | (162,036 | ) |  | (1,663 | ) |  | (134,112 | ) |  | 297,811 |  |  | — |
Net income (loss) | (224,209 | ) |  | (159,971 | ) |  | (137,840 | ) |  | 297,811 |  |  | (224,209 | )
Other comprehensive income (loss) | 86 |  |  | — |  |  | — |  |  | — |  |  | 86 |
Comprehensive income (loss) | $ | (224,123 | ) |  | $ | (159,971 | ) |  | $ | (137,840 | ) |  | $ | 297,811 |  |  | $ | (224,123 | )
Consolidating Statement Of Cash Flows | CONSOLIDATING STATEMENT OF CASH FLOWS For the nine months ended September 30, 2012 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Net cash provided by (used in) operating activities | $ | (397,371 | ) |  | $ | 765,922 |  |  | $ | 52,681 |  |  | $ | — |  |  | $ | 421,232 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Distributions from unconsolidated entities | — |  |  | 2,696 |  |  | — |  |  | — |  |  | 2,696 |
Investments in unconsolidated entities | — |  |  | (1,266 | ) |  | — |  |  | — |  |  | (1,266 | )
Net change in loans held for investment | — |  |  | — |  |  | 736 |  |  | — |  |  | 736 |
Change in restricted cash related to letters of credit | 26,096 |  |  | — |  |  | — |  |  | — |  |  | 26,096 |
Proceeds from the sale of fixed assets | — |  |  | 4,705 |  |  | — |  |  | — |  |  | 4,705 |
Capital expenditures | — |  |  | (8,398 | ) |  | (2,199 | ) |  | — |  |  | (10,597 | )
Net cash provided by (used in) investing activities | 26,096 |  |  | (2,263 | ) |  | (1,463 | ) |  | — |  |  | 22,370 |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Financial Services borrowings (repayments) | — |  |  | — |  |  | 103,000 |  |  | — |  |  | 103,000 |
Other borrowings (repayments) | (96,393 | ) |  | 3,900 |  |  | — |  |  | — |  |  | (92,493 | )
Issuance of common stock | 27,432 |  |  | — |  |  | — |  |  | — |  |  | 27,432 |
Stock repurchases | (961 | ) |  | — |  |  | — |  |  | — |  |  | (961 | )
Intercompany activities, net | 465,471 |  |  | (305,997 | ) |  | (159,474 | ) |  | — |  |  | — |
Net cash provided by (used in) financing activities | 395,549 |  |  | (302,097 | ) |  | (56,474 | ) |  | — |  |  | 36,978 |
Net increase (decrease) in cash and equivalents | 24,274 |  |  | 461,562 |  |  | (5,256 | ) |  | — |  |  | 480,580 |
Cash and equivalents at beginning of period | 119,287 |  |  | 875,561 |  |  | 88,223 |  |  | — |  |  | 1,083,071 |
Cash and equivalents at end of period | $ | 143,561 |  |  | $ | 1,337,123 |  |  | $ | 82,967 |  |  | $ | — |  |  | $ | 1,563,651 |
CONSOLIDATING STATEMENT OF CASH FLOWS For the nine months ended September 30, 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 | $ | (22,639 | ) |  | $ | (141,572 | ) |  | $ | 4,245 |  |  | $ | — |  |  | $ | (159,966 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Distributions from unconsolidated entities | — |  |  | 4,388 |  |  | — |  |  | — |  |  | 4,388 |
Investments in unconsolidated entities | — |  |  | (3,749 | ) |  | — |  |  | — |  |  | (3,749 | )
Net change in loans held for investment | — |  |  | — |  |  | 449 |  |  | — |  |  | 449 |
Change in restricted cash related to letters of credit | (89,385 | ) |  | — |  |  | — |  |  | — |  |  | (89,385 | )
Proceeds from the sale of fixed assets | — |  |  | 9,449 |  |  | — |  |  | — |  |  | 9,449 |
Capital expenditures | — |  |  | (12,133 | ) |  | (3,029 | ) |  | — |  |  | (15,162 | )
Net cash provided by (used in) investing activities | (89,385 | ) |  | (2,045 | ) |  | (2,580 | ) |  | — |  |  | (94,010 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Borrowings (repayments) | (69,311 | ) |  | 960 |  |  | — |  |  | — |  |  | (68,351 | )
Stock repurchases | (2,021 | ) |  | — |  |  | — |  |  | — |  |  | (2,021 | )
Intercompany activities, net | 286,384 |  |  | (252,468 | ) |  | (33,916 | ) |  | — |  |  | — |
Net cash provided by (used in) financing activities | 215,052 |  |  | (251,508 | ) |  | (33,916 | ) |  | — |  |  | (70,372 | )
Net increase (decrease) in cash and equivalents | 103,028 |  |  | (395,125 | ) |  | (32,251 | ) |  | — |  |  | (324,348 | )
Cash and equivalents at beginning of period | 10,000 |  |  | 1,106,623 |  |  | 366,767 |  |  | — |  |  | 1,483,390 |
Cash and equivalents at end of period | $ | 113,028 |  |  | $ | 711,498 |  |  | $ | 334,516 |  |  | $ | — |  |  | $ | 1,159,042 |

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