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Supplemental Guarantor Information (Tables) | 9 Months Ended
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Sep. 30, 2014
Supplemental Guarantor Information [Abstract] |
Consolidating Balance Sheet | CONDENSED CONSOLIDATING BALANCE SHEET SEPTEMBER 30, 2014 ($000’s omitted)
| Unconsolidated |  | Eliminating Entries |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |
ASSETS |  |  |  |  |  |  |  |  |
Cash and equivalents | $ | 862 |  |  | $ | 1,169,490 |  |  | $ | 51,465 |  |  | $ | — |  |  | $ | 1,221,817 |
Restricted cash | 10,298 |  |  | 2,301 |  |  | 12,404 |  |  | — |  |  | 25,003 |
House and land inventory | — |  |  | 4,430,930 |  |  | 871 |  |  | — |  |  | 4,431,801 |
Land held for sale | — |  |  | 92,128 |  |  | 1,034 |  |  | — |  |  | 93,162 |
Land, not owned, under option agreements | — |  |  | 16,817 |  |  | — |  |  | — |  |  | 16,817 |
Residential mortgage loans available- for-sale | — |  |  | — |  |  | 236,372 |  |  | — |  |  | 236,372 |
Investments in unconsolidated entities | 74 |  |  | 36,091 |  |  | 4,130 |  |  | — |  |  | 40,295 |
Other assets | 35,240 |  |  | 403,047 |  |  | 62,457 |  |  | — |  |  | 500,744 |
Intangible assets | — |  |  | 126,340 |  |  | — |  |  | — |  |  | 126,340 |
Deferred tax assets, net | 1,909,922 |  |  | 17 |  |  | 12,355 |  |  | — |  |  | 1,922,294 |
Investments in subsidiaries and intercompany accounts, net | 4,848,387 |  |  | 673,726 |  |  | 6,178,709 |  |  | (11,700,822 | ) |  | — |
| $ | 6,804,783 |  |  | $ | 6,950,887 |  |  | $ | 6,559,797 |  |  | $ | (11,700,822 | ) |  | $ | 8,614,645 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable, customer deposits, accrued and other liabilities | $ | 81,104 |  |  | $ | 1,576,396 |  |  | $ | 161,874 |  |  | $ | — |  |  | $ | 1,819,374 |
Income tax liabilities | 196,216 |  |  | (2 | ) |  | — |  |  | — |  |  | 196,214 |
Financial Services debt | — |  |  | — |  |  | 71,594 |  |  | — |  |  | 71,594 |
Senior notes | 1,817,054 |  |  | — |  |  | — |  |  | — |  |  | 1,817,054 |
Total liabilities | 2,094,374 |  |  | 1,576,394 |  |  | 233,468 |  |  | — |  |  | 3,904,236 |
Total shareholders’ equity | 4,710,409 |  |  | 5,374,493 |  |  | 6,326,329 |  |  | (11,700,822 | ) |  | 4,710,409 |
| $ | 6,804,783 |  |  | $ | 6,950,887 |  |  | $ | 6,559,797 |  |  | $ | (11,700,822 | ) |  | $ | 8,614,645 |
CONDENSED 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 Statement of Operations and Comprehensive Income (Loss) | CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the three months ended September 30, 2014 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 1,551,226 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,551,226 |
Land sale revenues | — |  |  | 10,047 |  |  | — |  |  | — |  |  | 10,047 |
| — |  |  | 1,561,273 |  |  | — |  |  | — |  |  | 1,561,273 |
Financial Services | — |  |  | 154 |  |  | 33,298 |  |  | — |  |  | 33,452 |
| — |  |  | 1,561,427 |  |  | 33,298 |  |  | — |  |  | 1,594,725 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | 1,195,369 |  |  | — |  |  | — |  |  | 1,195,369 |
Land sale cost of revenues | — |  |  | 3,539 |  |  | — |  |  | — |  |  | 3,539 |
| — |  |  | 1,198,908 |  |  | — |  |  | — |  |  | 1,198,908 |
Financial Services expenses | 195 |  |  | (102 | ) |  | 22,530 |  |  | — |  |  | 22,623 |
Selling, general and administrative expenses | — |  |  | 146,642 |  |  | 494 |  |  | — |  |  | 147,136 |
Other expense (income), net | (16 | ) |  | 2,194 |  |  | 228 |  |  | — |  |  | 2,406 |
Interest income | (93 | ) |  | (1,080 | ) |  | (32 | ) |  | — |  |  | (1,205 | )
Interest expense | 210 |  |  | — |  |  | — |  |  | — |  |  | 210 |
Equity in (earnings) loss of unconsolidated entities | (2 | ) |  | (205 | ) |  | (74 | ) |  | — |  |  | (281 | )
Intercompany interest | 4,190 |  |  | (1,666 | ) |  | (2,524 | ) |  | — |  |  | — |
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (4,484 | ) |  | 216,736 |  |  | 12,676 |  |  | — |  |  | 224,928 |
Income tax expense (benefit) | (1,764 | ) |  | 81,157 |  |  | 4,990 |  |  | — |  |  | 84,383 |
Income (loss) before equity in income (loss) of subsidiaries | (2,720 | ) |  | 135,579 |  |  | 7,686 |  |  | — |  |  | 140,545 |
Equity in income (loss) of subsidiaries | 143,265 |  |  | 7,518 |  |  | 100,513 |  |  | (251,296 | ) |  | — |
Net income (loss) | 140,545 |  |  | 143,097 |  |  | 108,199 |  |  | (251,296 | ) |  | 140,545 |
Other comprehensive income | 21 |  |  | — |  |  | — |  |  | — |  |  | 21 |
Comprehensive income (loss) | $ | 140,566 |  |  | $ | 143,097 |  |  | $ | 108,199 |  |  | $ | (251,296 | ) |  | $ | 140,566 |
CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the three months ended September 30, 2013 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 1,491,959 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,491,959 |
Land sale revenues | — |  |  | 55,783 |  |  | — |  |  | — |  |  | 55,783 |
| — |  |  | 1,547,742 |  |  | — |  |  | — |  |  | 1,547,742 |
Financial Services | — |  |  | 649 |  |  | 33,687 |  |  | — |  |  | 34,336 |
| — |  |  | 1,548,391 |  |  | 33,687 |  |  | — |  |  | 1,582,078 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | 1,180,137 |  |  | — |  |  | — |  |  | 1,180,137 |
Land sale cost of revenues | — |  |  | 49,933 |  |  | — |  |  | — |  |  | 49,933 |
| — |  |  | 1,230,070 |  |  | — |  |  | — |  |  | 1,230,070 |
Financial Services expenses | 209 |  |  | 145 |  |  | 22,890 |  |  | — |  |  | 23,244 |
Selling, general and administrative expenses | — |  |  | 138,629 |  |  | 8 |  |  | — |  |  | 138,637 |
Other expense (income), net | 3,844 |  |  | 10,860 |  |  | 2,351 |  |  | — |  |  | 17,055 |
Interest income | (91 | ) |  | (928 | ) |  | (17 | ) |  | — |  |  | (1,036 | )
Interest expense | 171 |  |  | — |  |  | — |  |  | — |  |  | 171 |
Equity in (earnings) loss of unconsolidated entities | 2 |  |  | (570 | ) |  | (217 | ) |  | — |  |  | (785 | )
Intercompany interest | (158,633 | ) |  | 162,739 |  |  | (4,106 | ) |  | — |  |  | — |
Income (loss) before income taxes and equity in income (loss) of subsidiaries | 154,498 |  |  | 7,446 |  |  | 12,778 |  |  | — |  |  | 174,722 |
Income tax expense (benefit) | (2,108,148 | ) |  | (1,692 | ) |  | 2,678 |  |  | — |  |  | (2,107,162 | )
Income (loss) before equity in income (loss) of subsidiaries | 2,262,646 |  |  | 9,138 |  |  | 10,100 |  |  | — |  |  | 2,281,884 |
Equity in income (loss) of subsidiaries | 19,238 |  |  | 11,316 |  |  | 94,212 |  |  | (124,766 | ) |  | — |
Net income (loss) | 2,281,884 |  |  | 20,454 |  |  | 104,312 |  |  | (124,766 | ) |  | 2,281,884 |
Other comprehensive income | 77 |  |  | — |  |  | — |  |  | — |  |  | 77 |
Comprehensive income (loss) | $ | 2,281,961 |  |  | $ | 20,454 |  |  | $ | 104,312 |  |  | $ | (124,766 | ) |  | $ | 2,281,961 |
CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the nine months ended September 30, 2014 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 3,885,703 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,885,703 |
Land sale revenues | — |  |  | 24,558 |  |  | — |  |  | — |  |  | 24,558 |
| — |  |  | 3,910,261 |  |  | — |  |  | — |  |  | 3,910,261 |
Financial Services | — |  |  | 888 |  |  | 88,656 |  |  | — |  |  | 89,544 |
| — |  |  | 3,911,149 |  |  | 88,656 |  |  | — |  |  | 3,999,805 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | 2,976,665 |  |  | — |  |  | — |  |  | 2,976,665 |
Land sale cost of revenues | — |  |  | 15,382 |  |  | — |  |  | — |  |  | 15,382 |
| — |  |  | 2,992,047 |  |  | — |  |  | — |  |  | 2,992,047 |
Financial Services expenses | 591 |  |  | 56 |  |  | 47,411 |  |  | — |  |  | 48,058 |
Selling, general and administrative expenses | — |  |  | 520,513 |  |  | 1,278 |  |  | — |  |  | 521,791 |
Other expense, net | 8,538 |  |  | 16,290 |  |  | 733 |  |  | — |  |  | 25,561 |
Interest income | (332 | ) |  | (3,046 | ) |  | (53 | ) |  | — |  |  | (3,431 | )
Interest expense | 625 |  |  | — |  |  | — |  |  | — |  |  | 625 |
Equity in (earnings) loss of unconsolidated entities | (7 | ) |  | (7,295 | ) |  | (181 | ) |  | — |  |  | (7,483 | )
Intercompany interest | 5,010 |  |  | 2,281 |  |  | (7,291 | ) |  | — |  |  | — |
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (14,425 | ) |  | 390,303 |  |  | 46,759 |  |  | — |  |  | 422,637 |
Income tax expense (benefit) | (5,640 | ) |  | 152,750 |  |  | 18,283 |  |  | — |  |  | 165,393 |
Income (loss) before equity in income (loss) of subsidiaries | (8,785 | ) |  | 237,553 |  |  | 28,476 |  |  | — |  |  | 257,244 |
Equity in income (loss) of subsidiaries | 266,029 |  |  | 28,670 |  |  | 209,648 |  |  | (504,347 | ) |  | — |
Net income (loss) | 257,244 |  |  | 266,223 |  |  | 238,124 |  |  | (504,347 | ) |  | 257,244 |
Other comprehensive income | 82 |  |  | — |  |  | — |  |  | — |  |  | 82 |
Comprehensive income | $ | 257,326 |  |  | $ | 266,223 |  |  | $ | 238,124 |  |  | $ | (504,347 | ) |  | $ | 257,326 |
CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the nine months ended September 30, 2013 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 3,811,386 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,811,386 |
Land sale revenues | — |  |  | 102,299 |  |  | — |  |  | — |  |  | 102,299 |
| — |  |  | 3,913,685 |  |  | — |  |  | — |  |  | 3,913,685 |
Financial Services | — |  |  | 1,759 |  |  | 108,812 |  |  | — |  |  | 110,571 |
| — |  |  | 3,915,444 |  |  | 108,812 |  |  | — |  |  | 4,024,256 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | 3,072,425 |  |  | — |  |  | — |  |  | 3,072,425 |
Land sale cost of revenues | — |  |  | 92,661 |  |  | — |  |  | — |  |  | 92,661 |
| — |  |  | 3,165,086 |  |  | — |  |  | — |  |  | 3,165,086 |
Financial Services expenses | 625 |  |  | 369 |  |  | 67,873 |  |  | — |  |  | 68,867 |
Selling, general and administrative expenses | — |  |  | 417,495 |  |  | 1,299 |  |  | — |  |  | 418,794 |
Other expense (income), net | 26,887 |  |  | 48,379 |  |  | 3,900 |  |  | — |  |  | 79,166 |
Interest income | (257 | ) |  | (2,985 | ) |  | (79 | ) |  | — |  |  | (3,321 | )
Interest expense | 544 |  |  | — |  |  | — |  |  | — |  |  | 544 |
Equity in (earnings) loss of unconsolidated entities | 1,462 |  |  | (916 | ) |  | (828 | ) |  | — |  |  | (282 | )
Intercompany interest | 16,647 |  |  | (9,658 | ) |  | (6,989 | ) |  | — |  |  | — |
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (45,908 | ) |  | 297,674 |  |  | 43,636 |  |  | — |  |  | 295,402 |
Income tax expense (benefit) | (2,108,019 | ) |  | (9,658 | ) |  | 13,016 |  |  | — |  |  | (2,104,661 | )
Income (loss) before equity in income (loss) of subsidiaries | 2,062,111 |  |  | 307,332 |  |  | 30,620 |  |  | — |  |  | 2,400,063 |
Equity in income (loss) of subsidiaries | 337,952 |  |  | 33,292 |  |  | 295,673 |  |  | (666,917 | ) |  | — |
Net income (loss) | 2,400,063 |  |  | 340,624 |  |  | 326,293 |  |  | (666,917 | ) |  | 2,400,063 |
Other comprehensive income | 273 |  |  | — |  |  | — |  |  | — |  |  | 273 |
Comprehensive income (loss) | $ | 2,400,336 |  |  | $ | 340,624 |  |  | $ | 326,293 |  |  | $ | (666,917 | ) |  | $ | 2,400,336 |
Consolidating Statement Of Cash Flows | CONSOLIDATING STATEMENT OF CASH FLOWS For the nine months ended September 30, 2014 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Net cash provided by (used in) operating activities | $ | 265,107 |  |  | $ | (73,268 | ) |  | $ | 9,996 |  |  | $ | — |  |  | $ | 201,835 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Distributions from unconsolidated entities | — |  |  | 7,627 |  |  | (3 | ) |  | — |  |  | 7,624 |
Investments in unconsolidated entities | — |  |  | — |  |  | (9 | ) |  | — |  |  | (9 | )
Net change in loans held for investment | — |  |  | — |  |  | (6,338 | ) |  | — |  |  | (6,338 | )
Change in restricted cash related to letters of credit | 48,401 |  |  | — |  |  | — |  |  | — |  |  | 48,401 |
Proceeds from the sale of property and equipment | — |  |  | 83 |  |  | — |  |  | — |  |  | 83 |
Capital expenditures | — |  |  | (39,025 | ) |  | (2,863 | ) |  |  |  |  | (41,888 | )
Cash used for business acquisitions | — |  |  | (77,469 | ) |  | — |  |  | — |  |  | (77,469 | )
Net cash provided by (used in) investing activities | 48,401 |  |  | (108,784 | ) |  | (9,213 | ) |  | — |  |  | (69,596 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Financial Services borrowings (repayments) | — |  |  | — |  |  | (34,070 | ) |  | — |  |  | (34,070 | )
Other borrowings (repayments) | (249,765 | ) |  | (866 | ) |  | — |  |  | — |  |  | (250,631 | )
Stock option exercises | 6,034 |  |  | — |  |  | — |  |  | — |  |  | 6,034 |
Stock repurchases | (155,140 | ) |  | — |  |  | — |  |  | — |  |  | (155,140 | )
Dividends paid | (56,944 | ) |  | — |  |  | — |  |  | — |  |  | (56,944 | )
Intercompany activities, net | (119,195 | ) |  | 163,409 |  |  | (44,214 | ) |  | — |  |  | — |
Net cash provided by (used in) financing activities | (575,010 | ) |  | 162,543 |  |  | (78,284 | ) |  | — |  |  | (490,751 | )
Net increase (decrease) in cash and equivalents | (261,502 | ) |  | (19,509 | ) |  | (77,501 | ) |  | — |  |  | (358,512 | )
Cash and equivalents at beginning of period | 262,364 |  |  | 1,188,999 |  |  | 128,966 |  |  | — |  |  | 1,580,329 |
Cash and equivalents at end of period | $ | 862 |  |  | $ | 1,169,490 |  |  | $ | 51,465 |  |  | $ | — |  |  | $ | 1,221,817 |
CONSOLIDATING STATEMENT OF CASH FLOWS For the nine months ended September 30, 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 | $ | 15,822 |  |  | $ | 511,801 |  |  | $ | 27,327 |  |  | $ | — |  |  | $ | 554,950 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Distributions from unconsolidated entities | — |  |  | 200 |  |  | — |  |  | — |  |  | 200 |
Investments in unconsolidated entities | — |  |  | (1,057 | ) |  | — |  |  | — |  |  | (1,057 | )
Net change in loans held for investment | — |  |  | — |  |  | 236 |  |  | — |  |  | 236 |
Change in restricted cash related to letters of credit | 875 |  |  | — |  |  | — |  |  | — |  |  | 875 |
Proceeds from the sale of property and equipment | — |  |  | 9 |  |  | — |  |  | — |  |  | 9 |
Capital expenditures | — |  |  | (16,679 | ) |  | (1,675 | ) |  | — |  |  | (18,354 | )
Net cash provided by (used in) investing activities | 875 |  |  | (17,527 | ) |  | (1,439 | ) |  | — |  |  | (18,091 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Financial Services borrowings (repayments) | — |  |  | — |  |  | (23,697 | ) |  | — |  |  | (23,697 | )
Other borrowings (repayments) | (485,048 | ) |  | 7,828 |  |  | — |  |  | — |  |  | (477,220 | )
Stock option exercises | 18,549 |  |  | — |  |  | — |  |  | — |  |  | 18,549 |
Stock repurchases | (89,940 | ) |  | — |  |  | — |  |  | — |  |  | (89,940 | )
Dividends paid | (19,317 | ) |  | — |  |  | — |  |  | — |  |  | (19,317 | )
Intercompany activities, net | 600,190 |  |  | (485,052 | ) |  | (115,138 | ) |  | — |  |  | — |
Net cash provided by (used in) financing activities | 24,434 |  |  | (477,224 | ) |  | (138,835 | ) |  | — |  |  | (591,625 | )
Net increase (decrease) in cash and equivalents | 41,131 |  |  | 17,050 |  |  | (112,947 | ) |  | — |  |  | (54,766 | )
Cash and equivalents at beginning of period | 146,168 |  |  | 1,063,943 |  |  | 194,649 |  |  | — |  |  | 1,404,760 |
Cash and equivalents at end of period | $ | 187,299 |  |  | $ | 1,080,993 |  |  | $ | 81,702 |  |  | $ | — |  |  | $ | 1,349,994 |

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