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Supplemental Guarantor Information (Tables) | 12 Months Ended
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Dec. 31, 2013
Supplemental Guarantor Information [Abstract] |
Consolidating Balance Sheet | CONSOLIDATING BALANCE SHEET DECEMBER 31, 2013 ($000’s omitted)
| Unconsolidated |  | Eliminating Entries |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |
ASSETS |  |  |  |  |  |  |  |  |
Cash and equivalents | $ | 262,364 |  |  | $ | 1,188,999 |  |  | $ | 128,966 |  |  | $ | — |  |  | $ | 1,580,329 |
Restricted cash | 58,699 |  |  | 2,635 |  |  | 11,381 |  |  | — |  |  | 72,715 |
House and land inventory | — |  |  | 3,977,851 |  |  | 710 |  |  | — |  |  | 3,978,561 |
Land held for sale | — |  |  | 60,701 |  |  | 1,034 |  |  | — |  |  | 61,735 |
Land, not owned, under option agreements | — |  |  | 24,024 |  |  | — |  |  | — |  |  | 24,024 |
Residential mortgage loans available- for-sale | — |  |  | — |  |  | 287,933 |  |  | — |  |  | 287,933 |
Investments in unconsolidated entities | 68 |  |  | 41,319 |  |  | 3,936 |  |  | — |  |  | 45,323 |
Other assets | 50,251 |  |  | 359,228 |  |  | 51,142 |  |  | — |  |  | 460,621 |
Intangible assets | — |  |  | 136,148 |  |  | — |  |  | — |  |  | 136,148 |
Deferred tax assets, net | 2,074,137 |  |  | 17 |  |  | 12,600 |  |  | — |  |  | 2,086,754 |
Investments in subsidiaries and intercompany accounts, net | 4,532,950 |  |  | (16,513 | ) |  | 5,939,784 |  |  | (10,456,221 | ) |  | — |
| $ | 6,978,469 |  |  | $ | 5,774,409 |  |  | $ | 6,437,486 |  |  | $ | (10,456,221 | ) |  | $ | 8,734,143 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable, customer deposits, accrued and other liabilities | $ | 65,334 |  |  | $ | 1,413,752 |  |  | $ | 236,258 |  |  | $ | — |  |  | $ | 1,715,344 |
Income tax liabilities | 206,015 |  |  | — |  |  | — |  |  | — |  |  | 206,015 |
Financial Services debt | — |  |  | — |  |  | 105,664 |  |  | — |  |  | 105,664 |
Senior notes | 2,058,168 |  |  | — |  |  | — |  |  | — |  |  | 2,058,168 |
Total liabilities | 2,329,517 |  |  | 1,413,752 |  |  | 341,922 |  |  | — |  |  | 4,085,191 |
Total shareholders’ equity | 4,648,952 |  |  | 4,360,657 |  |  | 6,095,564 |  |  | (10,456,221 | ) |  | 4,648,952 |
| $ | 6,978,469 |  |  | $ | 5,774,409 |  |  | $ | 6,437,486 |  |  | $ | (10,456,221 | ) |  | $ | 8,734,143 |
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 Statement Of Operations and Comprehensive Income (Loss) | CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the year ended December 31, 2013 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 5,424,309 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,424,309 |
Land sale revenues | — |  |  | 114,335 |  |  | — |  |  | — |  |  | 114,335 |
| — |  |  | 5,538,644 |  |  | — |  |  | — |  |  | 5,538,644 |
Financial Services | — |  |  | 2,353 |  |  | 138,598 |  |  | — |  |  | 140,951 |
| — |  |  | 5,540,997 |  |  | 138,598 |  |  | — |  |  | 5,679,595 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | 4,310,528 |  |  | — |  |  | — |  |  | 4,310,528 |
Land sale cost of revenues | — |  |  | 104,426 |  |  | — |  |  | — |  |  | 104,426 |
| — |  |  | 4,414,954 |  |  | — |  |  | — |  |  | 4,414,954 |
Financial Services expenses | 832 |  |  | 970 |  |  | 90,577 |  |  | — |  |  | 92,379 |
Selling, general, and administrative expenses | — |  |  | 573,904 |  |  | (5,404 | ) |  | — |  |  | 568,500 |
Other expense, net | 26,870 |  |  | 49,681 |  |  | 4,202 |  |  | — |  |  | 80,753 |
Interest income | (349 | ) |  | (3,954 | ) |  | (92 | ) |  | — |  |  | (4,395 | )
Interest expense | 712 |  |  | — |  |  | — |  |  | — |  |  | 712 |
Intercompany interest | 17,518 |  |  | (8,260 | ) |  | (9,258 | ) |  | — |  |  | — |
Equity in (earnings) loss of unconsolidated entities | 1,461 |  |  | (1,783 | ) |  | (808 | ) |  | — |  |  | (1,130 | )
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (47,044 | ) |  | 515,485 |  |  | 59,381 |  |  | — |  |  | 527,822 |
Income tax expense (benefit) | (2,113,827 | ) |  | (799 | ) |  | 22,332 |  |  | — |  |  | (2,092,294 | )
Income (loss) before equity in income (loss) of subsidiaries | 2,066,783 |  |  | 516,284 |  |  | 37,049 |  |  | — |  |  | 2,620,116 |
Equity in income (loss) of subsidiaries | 553,333 |  |  | 35,086 |  |  | 485,400 |  |  | (1,073,819 | ) |  | — |
Net income (loss) | 2,620,116 |  |  | 551,370 |  |  | 522,449 |  |  | (1,073,819 | ) |  | 2,620,116 |
Other comprehensive income (loss) | 197 |  |  | — |  |  | — |  |  | — |  |  | 197 |
Comprehensive income (loss) | $ | 2,620,313 |  |  | $ | 551,370 |  |  | $ | 522,449 |  |  | $ | (1,073,819 | ) |  | $ | 2,620,313 |
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, 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 |  | Eliminating Entries |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |
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 Cash Flows | CONSOLIDATING STATEMENT OF CASH FLOWS For the year ended December 31, 2013 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Net cash provided by (used in) operating activities | $ | (41 | ) |  | $ | 865,267 |  |  | $ | 15,910 |  |  | $ | — |  |  | $ | 881,136 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Distributions from unconsolidated entities | — |  |  | 1,001 |  |  | — |  |  | — |  |  | 1,001 |
Investments in unconsolidated entities | — |  |  | (1,677 | ) |  | — |  |  | — |  |  | (1,677 | )
Net change in loans held for investment | — |  |  | — |  |  | (12,265 | ) |  | — |  |  | (12,265 | )
Change in restricted cash related to letters of credit | (4,152 | ) |  | — |  |  | — |  |  | — |  |  | (4,152 | )
Proceeds from the sale of property and equipment | — |  |  | 15 |  |  | — |  |  | — |  |  | 15 |
Capital expenditures | — |  |  | (26,472 | ) |  | (2,427 | ) |  | — |  |  | (28,899 | )
Net cash provided by (used in) investing activities | (4,152 | ) |  | (27,133 | ) |  | (14,692 | ) |  | — |  |  | (45,977 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Financial Services borrowings (repayments) | — |  |  | — |  |  | (33,131 | ) |  |  |  | (33,131 | )
Other borrowings (repayments) | (485,048 | ) |  | 5,221 |  |  |  |  |  |  |  | (479,827 | )
Stock option exercises | 19,411 |  |  | — |  |  | — |  |  | — |  |  | 19,411 |
Stock repurchases | (127,661 | ) |  | — |  |  | — |  |  | — |  |  | (127,661 | )
Dividends paid | (38,382 | ) |  | — |  |  | — |  |  | — |  |  | (38,382 | )
Intercompany activities, net | 752,069 |  |  | (718,299 | ) |  | (33,770 | ) |  | — |  |  | — |
Net cash provided by (used in) financing activities | 120,389 |  |  | (713,078 | ) |  | (66,901 | ) |  | — |  |  | (659,590 | )
Net increase (decrease) in cash and equivalents | 116,196 |  |  | 125,056 |  |  | (65,683 | ) |  | — |  |  | 175,569 |
Cash and equivalents at beginning of year | 146,168 |  |  | 1,063,943 |  |  | 194,649 |  |  | — |  |  | 1,404,760 |
Cash and equivalents at end of year | $ | 262,364 |  |  | $ | 1,188,999 |  |  | $ | 128,966 |  |  | $ | — |  |  | $ | 1,580,329 |
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 |

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