XML 58 R48.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Supplemental Guarantor Information (Statement of Operations and Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016
Homebuilding |  |  |  |
Home sale revenues | $ 1,965,641 | $ 1,751,882 | $ 3,551,063 | $ 3,146,125
Land sale revenues | 7,930 | 4,950 | 9,570 | 7,437
Total homebuilding revenues | 1,973,571 | 1,756,832 | 3,560,633 | 3,153,562
Financial Services | 47,275 | 43,082 | 89,042 | 78,930
Consolidated revenues | 2,020,846 | 1,799,914 | 3,649,675 | 3,232,492
Homebuilding Cost of Revenues: |  |  |  |
Home sale cost of revenues | (1,549,937) | (1,310,569) | (2,767,615) | (2,348,597)
Land sale cost of revenues | (87,599) | (4,403) | (90,827) | (6,430)
Total cost of revenues | (1,637,536) | (1,314,972) | (2,858,442) | (2,355,027)
Financial Services expenses | (28,478) | (26,180) | (56,846) | (52,298)
Selling, general, and administrative expenses | (216,211) | (256,273) | (452,479) | (498,589)
Other expense, net | 16,074 | 12,909 | 20,095 | 18,785
Intercompany interest | 0 | 0 | 0 | 0
Income (loss) before income taxes and equity in income (loss) of subsidiaries | 122,547 | 189,580 | 261,813 | 307,793
Income tax (expense) benefit | (21,798) | (71,820) | (69,545) | (106,733)
Income (loss) before equity in income (loss) of subsidiaries | 100,749 | 117,760 | 192,268 | 201,060
Equity in income (loss) of subsidiaries | 0 | 0 | 0 | 0
Net income | 100,749 | 117,760 | 192,268 | 201,060
Other comprehensive income | 20 | 20 | 41 | 41
Comprehensive income (loss) | 100,769 | 117,780 | 192,309 | 201,101
PulteGroup, Inc. |  |  |  |
Homebuilding |  |  |  |
Home sale revenues | 0 | 0 | 0 | 0
Land sale revenues | 0 | 0 | 0 | 0
Total homebuilding revenues | 0 | 0 | 0 | 0
Financial Services | 0 | 0 | 0 | 0
Consolidated revenues | 0 | 0 | 0 | 0
Homebuilding Cost of Revenues: |  |  |  |
Home sale cost of revenues | 0 | 0 | 0 | 0
Land sale cost of revenues | 0 | 0 | 0 | 0
Total cost of revenues | 0 | 0 | 0 | 0
Financial Services expenses | 0 | 0 | 0 | 0
Selling, general, and administrative expenses | 0 | 0 | 0 | 0
Other expense, net | 129 | 170 | 259 | 340
Intercompany interest | (544) | (490) | (878) | (1,000)
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (673) | (660) | (1,137) | (1,340)
Income tax (expense) benefit | 256 | 246 | 432 | 509
Income (loss) before equity in income (loss) of subsidiaries | (417) | (414) | (705) | (831)
Equity in income (loss) of subsidiaries | 101,166 | 118,174 | 192,973 | 201,891
Net income | 100,749 | 117,760 | 192,268 | 201,060
Other comprehensive income | 20 | 20 | 41 | 41
Comprehensive income (loss) | 100,769 | 117,780 | 192,309 | 201,101
Guarantor Subsidiaries |  |  |  |
Homebuilding |  |  |  |
Home sale revenues | 1,945,312 | 1,746,484 | 3,521,958 | 3,139,743
Land sale revenues | 6,396 | 3,893 | 7,263 | 5,903
Total homebuilding revenues | 1,951,708 | 1,750,377 | 3,529,221 | 3,145,646
Financial Services | 0 | 0 | 0 | 0
Consolidated revenues | 1,951,708 | 1,750,377 | 3,529,221 | 3,145,646
Homebuilding Cost of Revenues: |  |  |  |
Home sale cost of revenues | (1,533,402) | (1,305,063) | (2,743,042) | (2,340,927)
Land sale cost of revenues | (86,408) | (3,505) | (89,004) | (5,148)
Total cost of revenues | (1,619,810) | (1,308,568) | (2,832,046) | (2,346,075)
Financial Services expenses | (124) | (137) | (263) | (260)
Selling, general, and administrative expenses | (210,110) | (248,455) | (428,085) | (487,338)
Other expense, net | 22,874 | 20,759 | 34,715 | 30,434
Intercompany interest | 0 | (2,035) | 0 | (4,219)
Income (loss) before income taxes and equity in income (loss) of subsidiaries | 98,790 | 170,423 | 234,112 | 277,320
Income tax (expense) benefit | (12,733) | (64,415) | (58,658) | (94,983)
Income (loss) before equity in income (loss) of subsidiaries | 86,057 | 106,008 | 175,454 | 182,337
Equity in income (loss) of subsidiaries | 11,013 | 2,869 | 18,266 | 9,879
Net income | 97,070 | 108,877 | 193,720 | 192,216
Other comprehensive income | 0 | 0 | 0 | 0
Comprehensive income (loss) | 97,070 | 108,877 | 193,720 | 192,216
Non-Guarantor Subsidiaries |  |  |  |
Homebuilding |  |  |  |
Home sale revenues | 20,329 | 5,398 | 29,105 | 6,382
Land sale revenues | 1,534 | 1,057 | 2,307 | 1,534
Total homebuilding revenues | 21,863 | 6,455 | 31,412 | 7,916
Financial Services | 47,275 | 43,082 | 89,042 | 78,930
Consolidated revenues | 69,138 | 49,537 | 120,454 | 86,846
Homebuilding Cost of Revenues: |  |  |  |
Home sale cost of revenues | (16,535) | (5,506) | (24,573) | (7,670)
Land sale cost of revenues | (1,191) | (898) | (1,823) | (1,282)
Total cost of revenues | (17,726) | (6,404) | (26,396) | (8,952)
Financial Services expenses | (28,354) | (26,043) | (56,583) | (52,038)
Selling, general, and administrative expenses | (6,101) | (7,818) | (24,394) | (11,251)
Other expense, net | (6,929) | (8,020) | (14,879) | (11,989)
Intercompany interest | 544 | 2,525 | 878 | 5,219
Income (loss) before income taxes and equity in income (loss) of subsidiaries | 24,430 | 19,817 | 28,838 | 31,813
Income tax (expense) benefit | (9,321) | (7,651) | (11,319) | (12,259)
Income (loss) before equity in income (loss) of subsidiaries | 15,109 | 12,166 | 17,519 | 19,554
Equity in income (loss) of subsidiaries | 45,621 | 73,975 | 82,930 | 185,893
Net income | 60,730 | 86,141 | 100,449 | 205,447
Other comprehensive income | 0 | 0 | 0 | 0
Comprehensive income (loss) | 60,730 | 86,141 | 100,449 | 205,447
Eliminating Entries |  |  |  |
Homebuilding |  |  |  |
Home sale revenues | 0 | 0 | 0 | 0
Land sale revenues | 0 | 0 | 0 | 0
Total homebuilding revenues | 0 | 0 | 0 | 0
Financial Services | 0 | 0 | 0 | 0
Consolidated revenues | 0 | 0 | 0 | 0
Homebuilding Cost of Revenues: |  |  |  |
Home sale cost of revenues | 0 | 0 | 0 | 0
Land sale cost of revenues | 0 | 0 | 0 | 0
Total cost of revenues | 0 | 0 | 0 | 0
Financial Services expenses | 0 | 0 | 0 | 0
Selling, general, and administrative expenses | 0 | 0 | 0 | 0
Other expense, net | 0 | 0 | 0 |
Intercompany interest | 0 | 0 | 0 | 0
Income (loss) before income taxes and equity in income (loss) of subsidiaries | 0 | 0 | 0 | 0
Income tax (expense) benefit | 0 | 0 | 0 | 0
Income (loss) before equity in income (loss) of subsidiaries | 0 | 0 | 0 | 0
Equity in income (loss) of subsidiaries | (157,800) | (195,018) | (294,169) | (397,663)
Net income | (157,800) | (195,018) | (294,169) | (397,663)
Other comprehensive income | 0 | 0 | 0 | 0
Comprehensive income (loss) | $ (157,800) | $ (195,018) | $ (294,169) | $ (397,663)

X
- Definition Equity in income (loss) of subsidiaries + References No definition available. + Details
Name: | phm_EquityInIncomeLossOfSubsidiaries
Namespace Prefix: | phm_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Income (loss) before equity in income (loss) of subsidiaries + References No definition available. + Details
Name: | phm_IncomeLossBeforeEquityInIncomeLossOfSubsidiaries
Namespace Prefix: | phm_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Income (Loss) Before Income Taxes And Equity In Income (Loss) Of Subsidiaries + References No definition available. + Details
Name: | phm_IncomeLossBeforeIncomeTaxesAndEquityInIncomeLossOfSubsidiaries
Namespace Prefix: | phm_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Intercompany interest expense (income). + References No definition available. + Details
Name: | phm_IntercompanyInterest
Namespace Prefix: | phm_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Other Comprehensive Income -URI http://asc.fasb.org/extlink&oid=51831270 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Comprehensive Income -URI http://asc.fasb.org/extlink&oid=51831223 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e557-108580 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Net Income -URI http://asc.fasb.org/extlink&oid=51831255 + Details
Name: | us-gaap_ComprehensiveIncomeNetOfTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition This element represents the total of the costs related to real estate revenues, including management, leasing, and development services. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(e)) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_CostOfRealEstateRevenue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_CostOfRealEstateRevenueAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The aggregate costs of real estate land sales including administrative paperwork, real estate brokerage, title, and property management operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(e)) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_CostsOfRealEstateServicesAndLandSales
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The aggregate costs incurred during the reporting period related to financial services rendered by an entity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(d)) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_FinancialServicesCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The aggregate financial services revenue and operating interest income earned during the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(d)) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_FinancialServicesRevenue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The aggregate costs related to design, development, general contracting, remodeling, and renovation services for residential buildings, including single-family houses, multifamily housing, townhomes, apartments, and modular housing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_HomeBuildingCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Revenue related to the sale of homes and home building activities including design, development, general contracting, and renovation services for residential buildings, including single-family houses, multifamily housing, townhouses, apartments, and modular housing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(e)) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_HomeBuildingRevenue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Income Tax Expense (or Benefit) -URI http://asc.fasb.org/extlink&oid=6515339 + Details
Name: | us-gaap_IncomeTaxExpenseBenefit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Revenue from the sale of land in the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(e)) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_LandSales
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Net Income -URI http://asc.fasb.org/extlink&oid=51831255 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Other Comprehensive Income -URI http://asc.fasb.org/extlink&oid=51831270 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_NetIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_NonoperatingIncomeExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669619-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669625-108580 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 55 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=66004921&loc=d3e1436-108581 + Details
Name: | us-gaap_OtherComprehensiveIncomeLossNetOfTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The aggregate revenue from real estate operations during the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(e)) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_RealEstateRevenueNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RealEstateRevenueNetAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_Revenues
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.4) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -SubTopic 10 -Section 30 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=68048583&loc=d3e3636-108311 + Details
Name: | us-gaap_SellingGeneralAndAdministrativeExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | dei_LegalEntityAxis=us-gaap_ParentCompanyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=us-gaap_GuarantorSubsidiariesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=us-gaap_NonGuarantorSubsidiariesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |