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Supplemental Guarantor Information (Tables) | 6 Months Ended
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Jun. 30, 2016
Supplemental Guarantor Information [Abstract] |
Consolidating Balance Sheet | CONDENSED CONSOLIDATING BALANCE SHEET JUNE 30, 2016 ($000’s omitted)
| Unconsolidated |  | Eliminating Entries |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |
ASSETS |  |  |  |  |  |  |  |  |
Cash and equivalents | $ | — |  |  | $ | 166,389 |  |  | $ | 62,798 |  |  | $ | — |  |  | $ | 229,187 |
Restricted cash | — |  |  | 25,001 |  |  | 1,483 |  |  | — |  |  | 26,484 |
House and land inventory | — |  |  | 6,583,222 |  |  | 46,242 |  |  | — |  |  | 6,629,464 |
Land held for sale | — |  |  | 85,271 |  |  | 510 |  |  | — |  |  | 85,781 |
Residential mortgage loans available- for-sale | — |  |  | — |  |  | 364,004 |  |  | — |  |  | 364,004 |
Investments in unconsolidated entities | 99 |  |  | 47,569 |  |  | 4,832 |  |  | — |  |  | 52,500 |
Other assets | 22,145 |  |  | 533,458 |  |  | 125,565 |  |  | — |  |  | 681,168 |
Intangible assets | — |  |  | 161,372 |  |  | — |  |  | — |  |  | 161,372 |
Deferred tax assets, net | 1,274,468 |  |  | — |  |  | 2,628 |  |  | — |  |  | 1,277,096 |
Investments in subsidiaries and intercompany accounts, net | 6,237,109 |  |  | (264,227 | ) |  | 6,614,233 |  |  | (12,587,115 | ) |  | — |
| $ | 7,533,821 |  |  | $ | 7,338,055 |  |  | $ | 7,222,295 |  |  | $ | (12,587,115 | ) |  | $ | 9,507,056 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable, customer deposits, accrued and other liabilities | $ | 78,691 |  |  | $ | 1,609,312 |  |  | $ | 174,366 |  |  | $ | — |  |  | $ | 1,862,369 |
Income tax liabilities | 33,980 |  |  | — |  |  | — |  |  | — |  |  | 33,980 |
Financial Services debt | — |  |  | — |  |  | 189,557 |  |  | — |  |  | 189,557 |
Term loan | 499,212 |  |  | — |  |  | — |  |  | — |  |  | 499,212 |
Senior notes | 2,103,821 |  |  | — |  |  | — |  |  | — |  |  | 2,103,821 |
Total liabilities | 2,715,704 |  |  | 1,609,312 |  |  | 363,923 |  |  | — |  |  | 4,688,939 |
Total shareholders’ equity | 4,818,117 |  |  | 5,728,743 |  |  | 6,858,372 |  |  | (12,587,115 | ) |  | 4,818,117 |
| $ | 7,533,821 |  |  | $ | 7,338,055 |  |  | $ | 7,222,295 |  |  | $ | (12,587,115 | ) |  | $ | 9,507,056 |
CONDENSED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2015 ($000’s omitted)
| Unconsolidated |  | Eliminating Entries |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |
ASSETS |  |  |  |  |  |  |  |  |
Cash and equivalents | $ | — |  |  | $ | 638,602 |  |  | $ | 115,559 |  |  | $ | — |  |  | $ | 754,161 |
Restricted cash | — |  |  | 20,274 |  |  | 1,000 |  |  | — |  |  | 21,274 |
House and land inventory | — |  |  | 5,450,058 |  |  | — |  |  | — |  |  | 5,450,058 |
Land held for sale | — |  |  | 80,458 |  |  | 1,034 |  |  | — |  |  | 81,492 |
Residential mortgage loans available- for-sale | — |  |  | — |  |  | 442,715 |  |  | — |  |  | 442,715 |
Investments in unconsolidated entities | 93 |  |  | 36,499 |  |  | 4,675 |  |  | — |  |  | 41,267 |
Other assets | 38,991 |  |  | 531,120 |  |  | 90,724 |  |  | — |  |  | 660,835 |
Intangible assets | — |  |  | 110,215 |  |  | — |  |  | — |  |  | 110,215 |
Deferred tax assets, net | 1,392,251 |  |  | 11 |  |  | 2,617 |  |  | — |  |  | 1,394,879 |
Investments in subsidiaries and intercompany accounts, net | 5,529,606 |  |  | 465,644 |  |  | 6,293,018 |  |  | (12,288,268 | ) |  | — |
| $ | 6,960,941 |  |  | $ | 7,332,881 |  |  | $ | 6,951,342 |  |  | $ | (12,288,268 | ) |  | $ | 8,956,896 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable, customer deposits, accrued and other liabilities | $ | 70,061 |  |  | $ | 1,558,885 |  |  | $ | 169,193 |  |  | $ | — |  |  | $ | 1,798,139 |
Income tax liabilities | 57,050 |  |  | — |  |  | — |  |  | — |  |  | 57,050 |
Financial Services debt | — |  |  | — |  |  | 267,877 |  |  | — |  |  | 267,877 |
Term loan | 498,423 |  |  | — |  |  | — |  |  | — |  |  | 498,423 |
Senior notes | 1,576,082 |  |  | — |  |  | — |  |  | — |  |  | 1,576,082 |
Total liabilities | 2,201,616 |  |  | 1,558,885 |  |  | 437,070 |  |  | — |  |  | 4,197,571 |
Total shareholders’ equity | 4,759,325 |  |  | 5,773,996 |  |  | 6,514,272 |  |  | (12,288,268 | ) |  | 4,759,325 |
| $ | 6,960,941 |  |  | $ | 7,332,881 |  |  | $ | 6,951,342 |  |  | $ | (12,288,268 | ) |  | $ | 8,956,896 |
Consolidating Statement of Operations and Comprehensive Income (Loss) | CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the three months ended June 30, 2016 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 1,746,484 |  |  | $ | 5,398 |  |  | $ | — |  |  | $ | 1,751,882 |
Land sale revenues | — |  |  | 3,893 |  |  | 1,057 |  |  | — |  |  | 4,950 |
| — |  |  | 1,750,377 |  |  | 6,455 |  |  | — |  |  | 1,756,832 |
Financial Services | — |  |  | — |  |  | 43,082 |  |  | — |  |  | 43,082 |
| — |  |  | 1,750,377 |  |  | 49,537 |  |  | — |  |  | 1,799,914 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | 1,369,003 |  |  | 5,506 |  |  | — |  |  | 1,374,509 |
Land sale cost of revenues | — |  |  | 3,505 |  |  | 898 |  |  | — |  |  | 4,403 |
| — |  |  | 1,372,508 |  |  | 6,404 |  |  | — |  |  | 1,378,912 |
Financial Services expenses | — |  |  | 137 |  |  | 26,043 |  |  | — |  |  | 26,180 |
Selling, general, and administrative expenses | — |  |  | 184,515 |  |  | 7,818 |  |  | — |  |  | 192,333 |
Other expense (income), net | 170 |  |  | 20,759 |  |  | (8,020 | ) |  | — |  |  | 12,909 |
Intercompany interest | 490 |  |  | 2,035 |  |  | (2,525 | ) |  | — |  |  | — |
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (660 | ) |  | 170,423 |  |  | 19,817 |  |  | — |  |  | 189,580 |
Income tax expense (benefit) | (246 | ) |  | 64,415 |  |  | 7,651 |  |  | — |  |  | 71,820 |
Income (loss) before equity in income (loss) of subsidiaries | (414 | ) |  | 106,008 |  |  | 12,166 |  |  | — |  |  | 117,760 |
Equity in income (loss) of subsidiaries | 118,174 |  |  | 2,869 |  |  | 73,975 |  |  | (195,018 | ) |  | — |
Net income (loss) | 117,760 |  |  | 108,877 |  |  | 86,141 |  |  | (195,018 | ) |  | 117,760 |
Other comprehensive income | 20 |  |  | — |  |  | — |  |  | — |  |  | 20 |
Comprehensive income (loss) | $ | 117,780 |  |  | $ | 108,877 |  |  | $ | 86,141 |  |  | $ | (195,018 | ) |  | $ | 117,780 |
CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the three months ended June 30, 2015 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 1,243,077 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,243,077 |
Land sale revenues | — |  |  | 6,460 |  |  | — |  |  | — |  |  | 6,460 |
| — |  |  | 1,249,537 |  |  | — |  |  | — |  |  | 1,249,537 |
Financial Services | — |  |  | — |  |  | 30,754 |  |  | — |  |  | 30,754 |
| — |  |  | 1,249,537 |  |  | 30,754 |  |  | — |  |  | 1,280,291 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | 953,280 |  |  | — |  |  | — |  |  | 953,280 |
Land sale cost of revenues | — |  |  | 5,312 |  |  | — |  |  | — |  |  | 5,312 |
| — |  |  | 958,592 |  |  | — |  |  | — |  |  | 958,592 |
Financial Services expenses | 101 |  |  | (92 | ) |  | 20,758 |  |  | — |  |  | 20,767 |
Selling, general, and administrative expenses | — |  |  | 129,457 |  |  | 662 |  |  | — |  |  | 130,119 |
Other expense (income), net | 198 |  |  | 3,139 |  |  | (151 | ) |  | — |  |  | 3,186 |
Intercompany interest | (6,781 | ) |  | 9,269 |  |  | (2,488 | ) |  | — |  |  | — |
Income (loss) before income taxes and equity in income (loss) of subsidiaries | 6,482 |  |  | 149,172 |  |  | 11,973 |  |  | — |  |  | 167,627 |
Income tax expense (benefit) | 2,462 |  |  | 57,270 |  |  | 4,571 |  |  | — |  |  | 64,303 |
Income (loss) before equity in income (loss) of subsidiaries | 4,020 |  |  | 91,902 |  |  | 7,402 |  |  | — |  |  | 103,324 |
Equity in income (loss) of subsidiaries | 99,304 |  |  | 7,332 |  |  | 92,596 |  |  | (199,232 | ) |  | — |
Net income (loss) | 103,324 |  |  | 99,234 |  |  | 99,998 |  |  | (199,232 | ) |  | 103,324 |
Other comprehensive income | 21 |  |  | — |  |  | — |  |  | — |  |  | 21 |
Comprehensive income (loss) | $ | 103,345 |  |  | $ | 99,234 |  |  | $ | 99,998 |  |  | $ | (199,232 | ) |  | $ | 103,345 |
Consolidating Statement Of Cash Flows | CONSOLIDATING STATEMENT OF CASH FLOWS For the six months ended June 30, 2016 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Net cash provided by (used in) operating activities | $ | 143,228 |  |  | $ | (548,580 | ) |  | $ | 80,036 |  |  | $ | — |  |  | $ | (325,316 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (19,736 | ) |  | (1,308 | ) |  | — |  |  | (21,044 | )
Cash used for business acquisitions | — |  |  | (430,025 | ) |  | — |  |  | — |  |  | (430,025 | )
Other investing activities, net | (6 | ) |  | (10,346 | ) |  | 2,056 |  |  | — |  |  | (8,296 | )
Net cash provided by (used in) investing activities | (6 | ) |  | (460,107 | ) |  | 748 |  |  | — |  |  | (459,365 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt issuance | 986,084 |  |  | — |  |  | — |  |  | — |  |  | 986,084 |
Repayments of debt | (465,245 | ) |  | (19,729 | ) |  | — |  |  | — |  |  | (484,974 | )
Borrowings under revolving credit facility | 358,000 |  |  | — |  |  | — |  |  | — |  |  | 358,000 |
Repayments under revolving credit facility | (358,000 | ) |  | — |  |  | — |  |  | — |  |  | (358,000 | )
Financial Services borrowings (repayments) | — |  |  | — |  |  | (78,320 | ) |  | — |  |  | (78,320 | )
Stock option exercises | 742 |  |  | — |  |  | — |  |  | — |  |  | 742 |
Share repurchases | (100,806 | ) |  | — |  |  | — |  |  | — |  |  | (100,806 | )
Dividends paid | (63,019 | ) |  | — |  |  | — |  |  | — |  |  | (63,019 | )
Intercompany activities, net | (500,978 | ) |  | 556,203 |  |  | (55,225 | ) |  | — |  |  | — |
Net cash provided by (used in) financing activities | (143,222 | ) |  | 536,474 |  |  | (133,545 | ) |  | — |  |  | 259,707 |
Net increase (decrease) in cash and equivalents | — |  |  | (472,213 | ) |  | (52,761 | ) |  | — |  |  | (524,974 | )
Cash and equivalents at beginning of period | — |  |  | 638,602 |  |  | 115,559 |  |  | — |  |  | 754,161 |
Cash and equivalents at end of period | $ | — |  |  | $ | 166,389 |  |  | $ | 62,798 |  |  | $ | — |  |  | $ | 229,187 |
CONSOLIDATING STATEMENT OF CASH FLOWS For the six months ended June 30, 2015 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Net cash provided by (used in) operating activities | $ | 65,947 |  |  | $ | (325,154 | ) |  | $ | 68,104 |  |  | $ | — |  |  | $ | (191,103 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (20,871 | ) |  | (2,244 | ) |  | — |  |  | (23,115 | )
Other investing activities, net | 3,710 |  |  | 1,031 |  |  | 9,909 |  |  | — |  |  | 14,650 |
Net cash provided by (used in) investing activities | 3,710 |  |  | (19,840 | ) |  | 7,665 |  |  | — |  |  | (8,465 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Repayments of debt | (237,994 | ) |  | — |  |  | — |  |  | — |  |  | (237,994 | )
Financial Services borrowings (repayments) | — |  |  | — |  |  | (20,970 | ) |  | — |  |  | (20,970 | )
Stock option exercises | 7,222 |  |  | — |  |  | — |  |  | — |  |  | 7,222 |
Share repurchases | (322,066 | ) |  | — |  |  | — |  |  | — |  |  | (322,066 | )
Dividends paid | (59,125 | ) |  | — |  |  | — |  |  | — |  |  | (59,125 | )
Intercompany activities, net | 534,852 |  |  | (408,588 | ) |  | (126,264 | ) |  | — |  |  | — |
Net cash provided by (used in) financing activities | (77,111 | ) |  | (408,588 | ) |  | (147,234 | ) |  | — |  |  | (632,933 | )
Net increase (decrease) in cash and equivalents | (7,454 | ) |  | (753,582 | ) |  | (71,465 | ) |  | — |  |  | (832,501 | )
Cash and equivalents at beginning of period | 7,454 |  |  | 1,157,307 |  |  | 128,101 |  |  | — |  |  | 1,292,862 |
Cash and equivalents at end of period | $ | — |  |  | $ | 403,725 |  |  | $ | 56,636 |  |  | $ | — |  |  | $ | 460,361 |

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