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Supplemental Guarantor Information (Tables)
 12 Months Ended
Dec. 31, 2012
Supplemental Guarantor Information [Abstract]  
Consolidating Balance Sheet
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2012
($000’s omitted)
 
Unconsolidated
 
Eliminating
Entries
 
Consolidated
PulteGroup,
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
ASSETS
 
 
 
 
 
 
 
 
 
Cash and equivalents
$
146,168

 
$
1,063,943

 
$
194,649

 
$
—

 
$
1,404,760

Restricted cash
54,546

 
3,365

 
14,039

 
—

 
71,950

House and land inventory
—

 
4,210,201

 
3,845

 
—

 
4,214,046

Land held for sale
—

 
91,104

 
—

 
—

 
91,104

Land, not owned, under option
       agreements
—

 
31,066

 
—

 
—

 
31,066

Residential mortgage loans available-
       for-sale
—

 
—

 
318,931

 
—

 
318,931

Investments in unconsolidated entities
1,528

 
40,973

 
3,128

 
—

 
45,629

Other assets
28,951

 
324,109

 
54,615

 
—

 
407,675

Intangible assets
—

 
149,248

 
—

 
—

 
149,248

Investments in subsidiaries and
       intercompany accounts, net
4,723,466

 
7,198,710

 
6,296,915

 
(18,219,091
)
 
—

 
$
4,954,659

 
$
13,112,719

 
$
6,886,122

 
$
(18,219,091
)
 
$
6,734,409

LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable, customer deposits,
       accrued and other liabilities
$
56,565

 
$
1,343,653

 
$
297,302

 
$
—

 
$
1,697,520

Income tax liabilities
198,865

 
—

 
—

 
—

 
198,865

Financial Services debt
—

 
—

 
138,795

 
—

 
138,795

Senior notes
2,509,613

 
—

 
—

 
—

 
2,509,613

Total liabilities
2,765,043

 
1,343,653

 
436,097

 
—

 
4,544,793

Total shareholders’ equity
2,189,616

 
11,769,066

 
6,450,025

 
(18,219,091
)
 
2,189,616

 
$
4,954,659

 
$
13,112,719

 
$
6,886,122

 
$
(18,219,091
)
 
$
6,734,409

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

Other assets
32,620

 
364,770

 
50,208

 
—

 
447,598

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 year ended December 31, 2012
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
4,552,412

 
$
—

 
$
—

 
$
4,552,412

Land sale revenues
—

 
106,698

 
—

 
—

 
106,698

 
—

 
4,659,110

 
—

 
—

 
4,659,110

Financial Services
—

 
2,082

 
158,806

 
—

 
160,888

 
—

 
4,661,192

 
158,806

 
—

 
4,819,998

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
3,833,451

 
—

 
—

 
3,833,451

Land sale cost of revenues
—

 
94,880

 
—

 
—

 
94,880

 
—

 
3,928,331

 
—

 
—

 
3,928,331

Financial Services expenses
379

 
567

 
134,565

 
—

 
135,511

Selling, general and administrative
       expenses
—

 
515,283

 
(826
)
 
—

 
514,457

Other expense (income), net
32,027

 
33,506

 
765

 
—

 
66,298

Interest income
(229
)
 
(4,597
)
 
(87
)
 
—

 
(4,913
)
Interest expense
819

 
—

 
—

 
—

 
819

Intercompany interest
587,281

 
(573,852
)
 
(13,429
)
 
—

 
—

Equity in (earnings) loss of
       unconsolidated entities
(1
)
 
(3,555
)
 
(503
)
 
—

 
(4,059
)
Income (loss) before income taxes and
       equity in income (loss) of
       subsidiaries
(620,276
)
 
765,509

 
38,321

 
—

 
183,554

Income tax expense (benefit)
426

 
(22,299
)
 
(718
)
 
—

 
(22,591
)
Income (loss) before equity in income
       (loss) of subsidiaries
(620,702
)
 
787,808

 
39,039

 
—

 
206,145

Equity in income (loss) of subsidiaries
826,847

 
34,596

 
476,806

 
(1,338,249
)
 
—

Net income (loss)
206,145

 
822,404

 
515,845

 
(1,338,249
)
 
206,145

Other comprehensive income (loss)
314

 
—

 
—

 
—

 
314

Comprehensive income (loss)
$
206,459

 
$
822,404

 
$
515,845

 
$
(1,338,249
)
 
$
206,459


CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
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
)
Other comprehensive income (loss)
213

 
—

 
—

 
—

 
213

Comprehensive income (loss)
$
(210,175
)
 
$
(136,787
)
 
$
(111,466
)
 
$
248,253

 
$
(210,175
)
CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the year ended December 31, 2010
($000’s omitted)
 
Unconsolidated
 
Eliminating
Entries
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
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
)
Other comprehensive income (loss)
730

 
—

 
—

 
—

 
730

Comprehensive income (loss)
$
(1,095,999
)
 
$
(630,809
)
 
$
(309,469
)
 
$
940,278

 
$
(1,095,999
)
Consolidating Statement Of Cash Flows
CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended December 31, 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
$
(582,762
)
 
$
1,332,342

 
$
10,560

 
$
—

 
$
760,140

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Distributions from unconsolidated
     entities
—

 
3,029

 
—

 
—

 
3,029

Investments in unconsolidated entities
—

 
(16,456
)
 
—

 
—

 
(16,456
)
Net change in loans held for investment
—

 
—

 
836

 
—

 
836

Change in restricted cash related to
     letters of credit
28,653

 
—

 
—

 
—

 
28,653

Proceeds from the sale of property and
     equipment
—

 
7,586

 
—

 
—

 
7,586

Capital expenditures
—

 
(10,831
)
 
(3,111
)
 
—

 
(13,942
)
Net cash provided by (used in) investing
   activities
28,653

 
(16,672
)
 
(2,275
)
 
—

 
9,706

Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Financial Services borrowings
     (repayments)
—

 
—

 
138,795

 
—

 
138,795

Other borrowings (repayments)
    
(620,700
)
 
1,900

 
—

 
—

 
(618,800
)
Stock option exercises
32,809

 
—

 
—

 
—

 
32,809

Stock repurchases
(961
)
 
—

 
—

 
—

 
(961
)
Intercompany activities, net
1,169,842

 
(1,129,188
)
 
(40,654
)
 
—

 
—

Net cash provided by (used in)
   financing activities
580,990

 
(1,127,288
)
 
98,141

 
—

 
(448,157
)
Net increase (decrease) in cash and
   equivalents
26,881

 
188,382

 
106,426

 
—

 
321,689

Cash and equivalents at beginning of year
119,287

 
875,561

 
88,223

 
—

 
1,083,071

Cash and equivalents at end of year
$
146,168

 
$
1,063,943

 
$
194,649

 
$
—

 
$
1,404,760


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
$
(86,000
)
 
$
520,024

 
$
(416,745
)
 
$
—

 
$
17,279

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Distributions from unconsolidated
     entities
—

 
4,531

 
—

 
—

 
4,531

Investments in unconsolidated entities
—

 
(4,603
)
 
—

 
—

 
(4,603
)
Net change in loans held for investment
—

 
—

 
325

 
—

 
325

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

 
—

 
—

 
(83,199
)
Proceeds from the sale of property and
     equipment
—

 
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:
 
 
 
 
 
 
 
 
 
Other borrowings (repayments)
(320,973
)
 
(160
)
 
—

 
—

 
(321,133
)
Stock repurchases
(2,836
)
 
—

 
—

 
—

 
(2,836
)
Intercompany activities, net
602,295

 
(743,078
)
 
140,783

 
—

 
—

Net cash provided by (used in)
   financing activities
278,486

 
(743,238
)
 
140,783

 
—

 
(323,969
)
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
$
552,697

 
$
34,853

 
$
4,574

 
$
—

 
$
592,124

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 property and
     equipment
—

 
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:
 
 
 
 
 
 
 
 
 
Financial Services borrowings (repayments)
—

 
—

 
(18,394
)
 
—

 
(18,394
)
Other borrowings (repayments)
(934,473
)
 
(1,444
)
 
—

 
—

 
(935,917
)
Stock option exercises
8,668

 
—

 
—

 
—

 
8,668

Stock repurchases
(4,023
)
 
—

 
—

 
—

 
(4,023
)
Intercompany activities, net
387,131

 
(404,757
)
 
17,626

 
—

 
—

Net cash provided by (used in)
   financing activities
(542,697
)
 
(406,201
)
 
(768
)
 
—

 
(949,666
)
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