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Supplemental Guarantor Information (Tables) | 9 Months Ended
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Sep. 30, 2018
Supplemental Guarantor Information [Abstract] |
Consolidating Balance Sheet | CONDENSED CONSOLIDATING BALANCE SHEET SEPTEMBER 30, 2018 ($000’s omitted)
| Unconsolidated |  | Eliminating Entries |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |
ASSETS |  |  |  |  |  |  |  |  |
Cash and equivalents | $ | — |  |  | $ | 674,271 |  |  | $ | 54,360 |  |  | $ | — |  |  | $ | 728,631 |
Restricted cash | — |  |  | 28,996 |  |  | 1,385 |  |  | — |  |  | 30,381 |
Total cash, cash equivalents, and restricted cash | — |  |  | 703,267 |  |  | 55,745 |  |  | — |  |  | 759,012 |
House and land inventory | — |  |  | 7,392,748 |  |  | 96,706 |  |  | — |  |  | 7,489,454 |
Land held for sale | — |  |  | 65,905 |  |  | — |  |  | — |  |  | 65,905 |
Residential mortgage loans available- for-sale | — |  |  | — |  |  | 349,784 |  |  | — |  |  | 349,784 |
Investments in unconsolidated entities | — |  |  | 53,732 |  |  | 546 |  |  | — |  |  | 54,278 |
Other assets | 24,202 |  |  | 601,877 |  |  | 171,897 |  |  | — |  |  | 797,976 |
Intangible assets |  |  |  | 130,642 |  |  | — |  |  | — |  |  | 130,642 |
Deferred tax assets, net | 415,836 |  |  | — |  |  | (7,807 | ) |  | — |  |  | 408,029 |
Investments in subsidiaries and intercompany accounts, net | 7,354,045 |  |  | 314,402 |  |  | 8,185,180 |  |  | (15,853,627 | ) |  | — |
| $ | 7,794,083 |  |  | $ | 9,262,573 |  |  | $ | 8,852,051 |  |  | $ | (15,853,627 | ) |  | $ | 10,055,080 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable, customer deposits, accrued and other liabilities | $ | 68,081 |  |  | $ | 1,746,660 |  |  | $ | 244,986 |  |  | $ | — |  |  | $ | 2,059,727 |
Income tax liabilities | 10,324 |  |  | — |  |  | — |  |  | — |  |  | 10,324 |
Financial Services debt | — |  |  | — |  |  | 250,733 |  |  | — |  |  | 250,733 |
Notes payable | 2,986,800 |  |  | 17,962 |  |  | 656 |  |  | — |  |  | 3,005,418 |
Total liabilities | 3,065,205 |  |  | 1,764,622 |  |  | 496,375 |  |  | — |  |  | 5,326,202 |
Total shareholders’ equity | 4,728,878 |  |  | 7,497,951 |  |  | 8,355,676 |  |  | (15,853,627 | ) |  | 4,728,878 |
| $ | 7,794,083 |  |  | $ | 9,262,573 |  |  | $ | 8,852,051 |  |  | $ | (15,853,627 | ) |  | $ | 10,055,080 |
CONDENSED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2017 ($000’s omitted)
| Unconsolidated |  | Eliminating Entries |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |
ASSETS |  |  |  |  |  |  |  |  |
Cash and equivalents | $ | — |  |  | $ | 125,462 |  |  | $ | 147,221 |  |  | $ | — |  |  | $ | 272,683 |
Restricted cash | — |  |  | 32,339 |  |  | 1,146 |  |  | — |  |  | 33,485 |
Total cash, cash equivalents, and restricted cash | — |  |  | 157,801 |  |  | 148,367 |  |  | — |  |  | 306,168 |
House and land inventory | — |  |  | 7,053,087 |  |  | 94,043 |  |  | — |  |  | 7,147,130 |
Land held for sale | — |  |  | 68,384 |  |  | — |  |  | — |  |  | 68,384 |
Residential mortgage loans available- for-sale | — |  |  | — |  |  | 570,600 |  |  | — |  |  | 570,600 |
Investments in unconsolidated entities | — |  |  | 62,415 |  |  | 542 |  |  | — |  |  | 62,957 |
Other assets | 9,417 |  |  | 592,045 |  |  | 143,661 |  |  | — |  |  | 745,123 |
Intangible assets | — |  |  | 140,992 |  |  | — |  |  | — |  |  | 140,992 |
Deferred tax assets, net | 646,227 |  |  | — |  |  | (932 | ) |  | — |  |  | 645,295 |
Investments in subsidiaries and intercompany accounts, net | 6,661,638 |  |  | 284,983 |  |  | 7,300,127 |  |  | (14,246,748 | ) |  | — |
| $ | 7,317,282 |  |  | $ | 8,359,707 |  |  | $ | 8,256,408 |  |  | $ | (14,246,748 | ) |  | $ | 9,686,649 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable, customer deposits, accrued and other liabilities | $ | 89,388 |  |  | $ | 1,636,913 |  |  | $ | 274,626 |  |  | $ | — |  |  | $ | 2,000,927 |
Income tax liabilities | 86,925 |  |  | — |  |  | — |  |  | — |  |  | 86,925 |
Financial Services debt | — |  |  | — |  |  | 437,804 |  |  | — |  |  | 437,804 |
Notes payable | 2,986,943 |  |  | 16,911 |  |  | 3,113 |  |  | — |  |  | 3,006,967 |
Total liabilities | 3,163,256 |  |  | 1,653,824 |  |  | 715,543 |  |  | — |  |  | 5,532,623 |
Total shareholders’ equity | 4,154,026 |  |  | 6,705,883 |  |  | 7,540,865 |  |  | (14,246,748 | ) |  | 4,154,026 |
| $ | 7,317,282 |  |  | $ | 8,359,707 |  |  | $ | 8,256,408 |  |  | $ | (14,246,748 | ) |  | $ | 9,686,649 |
Consolidating Statement of Operations and Comprehensive Income (Loss) | CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the three months ended September 30, 2018 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 2,535,930 |  |  | $ | 36,306 |  |  | $ | — |  |  | $ | 2,572,236 |
Land sale and other revenues | — |  |  | 25,266 |  |  | 244 |  |  | — |  |  | 25,510 |
| — |  |  | 2,561,196 |  |  | 36,550 |  |  | — |  |  | 2,597,746 |
Financial Services | — |  |  | — |  |  | 51,620 |  |  | — |  |  | 51,620 |
| — |  |  | 2,561,196 |  |  | 88,170 |  |  | — |  |  | 2,649,366 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | (1,928,365 | ) |  | (25,795 | ) |  | — |  |  | (1,954,160 | )
Land sale cost of revenues | — |  |  | (22,060 | ) |  |  |  |  | — |  |  | (22,060 | )
| — |  |  | (1,950,425 | ) |  | (25,795 | ) |  | — |  |  | (1,976,220 | )
Financial Services expenses | — |  |  | (130 | ) |  | (32,083 | ) |  | — |  |  | (32,213 | )
Selling, general, and administrative expenses | — |  |  | (245,776 | ) |  | (6,981 | ) |  | — |  |  | (252,757 | )
Other income (expense), net | (120 | ) |  | (12,398 | ) |  | 9,030 |  |  | — |  |  | (3,488 | )
Intercompany interest | (2,158 | ) |  |  |  |  | 2,158 |  |  | — |  |  | — |
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (2,278 | ) |  | 352,467 |  |  | 34,499 |  |  | — |  |  | 384,688 |
Income tax (expense) benefit | 609 |  |  | (88,368 | ) |  | (7,394 | ) |  | — |  |  | (95,153 | )
Income (loss) before equity in income (loss) of subsidiaries | (1,669 | ) |  | 264,099 |  |  | 27,105 |  |  | — |  |  | 289,535 |
Equity in income (loss) of subsidiaries | 291,204 |  |  | 25,094 |  |  | 190,161 |  |  | (506,459 | ) |  | — |
Net income (loss) | 289,535 |  |  | 289,193 |  |  | 217,266 |  |  | (506,459 | ) |  | 289,535 |
Other comprehensive income | 25 |  |  | — |  |  | — |  |  | — |  |  | 25 |
Comprehensive income (loss) | $ | 289,560 |  |  | $ | 289,193 |  |  | $ | 217,266 |  |  | $ | (506,459 | ) |  | $ | 289,560 |
CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the three months ended September 30, 2017 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 2,032,391 |  |  | $ | 23,500 |  |  | $ | — |  |  | $ | 2,055,891 |
Land sale and other revenues | — |  |  | 27,954 |  |  | 261 |  |  | — |  |  | 28,215 |
| — |  |  | 2,060,345 |  |  | 23,761 |  |  | — |  |  | 2,084,106 |
Financial Services | — |  |  | — |  |  | 46,952 |  |  | — |  |  | 46,952 |
| — |  |  | 2,060,345 |  |  | 70,713 |  |  | — |  |  | 2,131,058 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | (1,545,712 | ) |  | (18,893 | ) |  | — |  |  | (1,564,605 | )
Land sale cost of revenues | — |  |  | (24,896 | ) |  | (227 | ) |  | — |  |  | (25,123 | )
| — |  |  | (1,570,608 | ) |  | (19,120 | ) |  | — |  |  | (1,589,728 | )
Financial Services expenses | — |  |  | (121 | ) |  | (29,183 | ) |  | — |  |  | (29,304 | )
Selling, general, and administrative expenses | — |  |  | (225,845 | ) |  | (11,650 | ) |  | — |  |  | (237,495 | )
Other income (expense), net | (96 | ) |  | (12,670 | ) |  | 6,484 |  |  | — |  |  | (6,282 | )
Intercompany interest | (756 | ) |  | — |  |  | 756 |  |  | — |  |  | — |
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (852 | ) |  | 251,101 |  |  | 18,000 |  |  | — |  |  | 268,249 |
Income tax (expense) benefit | 945 |  |  | (84,666 | ) |  | (6,989 | ) |  | — |  |  | (90,710 | )
Income before equity in income of subsidiaries | 93 |  |  | 166,435 |  |  | 11,011 |  |  | — |  |  | 177,539 |
Equity in income (loss) of subsidiaries | 177,446 |  |  | 18,040 |  |  | 114,564 |  |  | (310,050 | ) |  | — |
Net income (loss) | 177,539 |  |  | 184,475 |  |  | 125,575 |  |  | (310,050 | ) |  | 177,539 |
Other comprehensive income | 20 |  |  | — |  |  | — |  |  | — |  |  | 20 |
Comprehensive income (loss) | $ | 177,559 |  |  | $ | 184,475 |  |  | $ | 125,575 |  |  | $ | (310,050 | ) |  | $ | 177,559 |
Consolidating Statement Of Cash Flows | CONSOLIDATING STATEMENT OF CASH FLOWS For the nine months ended September 30, 2018 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Net cash provided by (used in) operating activities | $ | 347,335 |  |  | $ | 389,110 |  |  | $ | 278,535 |  |  | $ | — |  |  | $ | 1,014,980 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (40,483 | ) |  | (6,046 | ) |  | — |  |  | (46,529 | )
Investments in unconsolidated entities | — |  |  | (1,000 | ) |  | — |  |  | — |  |  | (1,000 | )
Other investing activities, net |  |  |  | 11,299 |  |  | 4,246 |  |  | — |  |  | 15,545 |
Net cash provided by (used in) investing activities | — |  |  | (30,184 | ) |  | (1,800 | ) |  | — |  |  | (31,984 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Financial Services borrowing (repayments), net |  |  |  | — |  |  | (187,071 | ) |  | — |  |  | (187,071 | )
Repayments of debt | — |  |  | (81,757 | ) |  | (898 | ) |  | — |  |  | (82,655 | )
Borrowings under revolving credit facility | 1,566,000 |  |  | — |  |  | — |  |  | — |  |  | 1,566,000 |
Repayments under revolving credit facility | (1,566,000 | ) |  | — |  |  | — |  |  | — |  |  | (1,566,000 | )
Debt issuance costs | (8,165 | ) |  | — |  |  | — |  |  | — |  |  | (8,165 | )
Stock option exercises | 5,462 |  |  | — |  |  | — |  |  | — |  |  | 5,462 |
Share repurchases | (179,439 | ) |  | — |  |  | — |  |  | — |  |  | (179,439 | )
Dividends paid | (78,284 | ) |  | — |  |  | — |  |  | — |  |  | (78,284 | )
Intercompany activities, net | (86,909 | ) |  | 268,297 |  |  | (181,388 | ) |  | — |  |  | — |
Net cash provided by (used in) financing activities | (347,335 | ) |  | 186,540 |  |  | (369,357 | ) |  | — |  |  | (530,152 | )
Net increase (decrease) in cash, cash equivalents, and restricted cash | — |  |  | 545,466 |  |  | (92,622 | ) |  | — |  |  | 452,844 |
Cash, cash equivalents, and restricted cash at beginning of year | — |  |  | 157,801 |  |  | 148,367 |  |  | — |  |  | 306,168 |
Cash, cash equivalents, and restricted cash at end of year | $ | — |  |  | $ | 703,267 |  |  | $ | 55,745 |  |  | $ | — |  |  | $ | 759,012 |
CONSOLIDATING STATEMENT OF CASH FLOWS For the nine months ended September 30, 2017 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Net cash provided by (used in) operating activities | $ | 58,575 |  |  | $ | 43,042 |  |  | $ | 150,862 |  |  | $ | — |  |  | $ | 252,479 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (19,693 | ) |  | (3,855 | ) |  | — |  |  | (23,548 | )
Investments in unconsolidated entities | — |  |  | (22,007 | ) |  | — |  |  | — |  |  | (22,007 | )
Other investing activities, net | — |  |  | 5,728 |  |  | 60 |  |  | — |  |  | 5,788 |
Net cash provided by (used in) investing activities | — |  |  | (35,972 | ) |  | (3,795 | ) |  | — |  |  | (39,767 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Financial Services borrowings (repayments), net | — |  |  | — |  |  | (85,797 | ) |  | — |  |  | (85,797 | )
Repayments of debt | — |  |  | (6,031 | ) |  | (970 | ) |  | — |  |  | (7,001 | )
Borrowings under revolving credit facility | 971,000 |  |  | — |  |  | — |  |  | — |  |  | 971,000 |
Repayments under revolving credit facility | (888,000 | ) |  | — |  |  | — |  |  | — |  |  | (888,000 | )
Stock option exercises | 22,765 |  |  | — |  |  | — |  |  | — |  |  | 22,765 |
Share repurchases | (665,812 | ) |  | — |  |  | — |  |  | — |  |  | (665,812 | )
Dividends paid | (86,018 | ) |  | — |  |  | — |  |  | — |  |  | (86,018 | )
Intercompany activities, net | 587,490 |  |  | (470,052 | ) |  | (117,438 | ) |  | — |  |  | — |
Net cash provided by (used in) financing activities | (58,575 | ) |  | (476,083 | ) |  | (204,205 | ) |  | — |  |  | (738,863 | )
Net increase decrease in cash, cash equivalents, and restricted cash | — |  |  | (469,013 | ) |  | (57,138 | ) |  | — |  |  | (526,151 | )
Cash, cash equivalents, and restricted cash at beginning of year | — |  |  | 611,185 |  |  | 112,063 |  |  | — |  |  | 723,248 |
Cash, cash equivalents, and restricted cash at end of year | $ | — |  |  | $ | 142,172 |  |  | $ | 54,925 |  |  | $ | — |  |  | $ | 197,097 |

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- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
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