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Supplemental Guarantor Information (Tables) | 3 Months Ended
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Mar. 31, 2019
Supplemental Guarantor Information [Abstract] |
Consolidating Balance Sheet | CONDENSED CONSOLIDATING BALANCE SHEET MARCH 31, 2019 ($000’s omitted)
| Unconsolidated |  | Eliminating Entries |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |
ASSETS |  |  |  |  |  |  |  |  |
Cash and equivalents | $ | — |  |  | $ | 1,009,042 |  |  | $ | 46,415 |  |  | $ | — |  |  | $ | 1,055,457 |
Restricted cash | — |  |  | 24,117 |  |  | 1,379 |  |  | — |  |  | 25,496 |
Total cash, cash equivalents, and restricted cash | — |  |  | 1,033,159 |  |  | 47,794 |  |  | — |  |  | 1,080,953 |
House and land inventory | — |  |  | 7,423,308 |  |  | 83,235 |  |  | — |  |  | 7,506,543 |
Land held for sale | — |  |  | 38,525 |  |  | 906 |  |  | — |  |  | 39,431 |
Residential mortgage loans available- for-sale | — |  |  | — |  |  | 326,995 |  |  | — |  |  | 326,995 |
Investments in unconsolidated entities | — |  |  | 55,509 |  |  | 216 |  |  | — |  |  | 55,725 |
Other assets | 15,985 |  |  | 642,824 |  |  | 164,257 |  |  | — |  |  | 823,066 |
Intangible assets | — |  |  | 123,742 |  |  | — |  |  | — |  |  | 123,742 |
Deferred tax assets, net | 258,311 |  |  | — |  |  | (7,430 | ) |  | — |  |  | 250,881 |
Investments in subsidiaries and intercompany accounts, net | 7,736,546 |  |  | 328,963 |  |  | 8,686,446 |  |  | (16,751,955 | ) |  | — |
| $ | 8,010,842 |  |  | $ | 9,646,030 |  |  | $ | 9,302,419 |  |  | $ | (16,751,955 | ) |  | $ | 10,207,336 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable, customer deposits, accrued and other liabilities | $ | 72,590 |  |  | $ | 1,688,847 |  |  | $ | 247,800 |  |  | $ | — |  |  | $ | 2,009,237 |
Income tax liabilities | 18,108 |  |  | — |  |  | — |  |  | — |  |  | 18,108 |
Financial Services debt | — |  |  | — |  |  | 222,139 |  |  | — |  |  | 222,139 |
Notes payable | 2,986,705 |  |  | 37,708 |  |  | — |  |  | — |  |  | 3,024,413 |
Total liabilities | 3,077,403 |  |  | 1,726,555 |  |  | 469,939 |  |  | — |  |  | 5,273,897 |
Total shareholders’ equity | 4,933,439 |  |  | 7,919,475 |  |  | 8,832,480 |  |  | (16,751,955 | ) |  | 4,933,439 |
| $ | 8,010,842 |  |  | $ | 9,646,030 |  |  | $ | 9,302,419 |  |  | $ | (16,751,955 | ) |  | $ | 10,207,336 |
CONDENSED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2018 ($000’s omitted)
| Unconsolidated |  | Eliminating Entries |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |
ASSETS |  |  |  |  |  |  |  |  |
Cash and equivalents | $ | — |  |  | $ | 906,961 |  |  | $ | 203,127 |  |  | $ | — |  |  | $ | 1,110,088 |
Restricted cash | — |  |  | 22,406 |  |  | 1,206 |  |  | — |  |  | 23,612 |
Total cash, cash equivalents, and restricted cash | — |  |  | 929,367 |  |  | 204,333 |  |  | — |  |  | 1,133,700 |
House and land inventory | — |  |  | 7,157,665 |  |  | 95,688 |  |  | — |  |  | 7,253,353 |
Land held for sale | — |  |  | 36,849 |  |  | — |  |  | — |  |  | 36,849 |
Residential mortgage loans available- for-sale | — |  |  | — |  |  | 461,354 |  |  | — |  |  | 461,354 |
Investments in unconsolidated entities | — |  |  | 54,045 |  |  | 545 |  |  | — |  |  | 54,590 |
Other assets | 66,154 |  |  | 579,452 |  |  | 184,753 |  |  | — |  |  | 830,359 |
Intangible assets | — |  |  | 127,192 |  |  | — |  |  | — |  |  | 127,192 |
Deferred tax assets, net | 282,874 |  |  | — |  |  | (7,295 | ) |  | — |  |  | 275,579 |
Investments in subsidiaries and intercompany accounts, net | 7,557,245 |  |  | 500,138 |  |  | 8,231,342 |  |  | (16,288,725 | ) |  | — |
| $ | 7,906,273 |  |  | $ | 9,384,708 |  |  | $ | 9,170,720 |  |  | $ | (16,288,725 | ) |  | $ | 10,172,976 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable, customer deposits, accrued and other liabilities | $ | 90,158 |  |  | $ | 1,598,265 |  |  | $ | 278,713 |  |  | $ | — |  |  | $ | 1,967,136 |
Income tax liabilities | 11,580 |  |  | — |  |  | — |  |  | — |  |  | 11,580 |
Financial Services debt | — |  |  | — |  |  | 348,412 |  |  | — |  |  | 348,412 |
Notes payable | 2,986,753 |  |  | 40,776 |  |  | 537 |  |  | — |  |  | 3,028,066 |
Total liabilities | 3,088,491 |  |  | 1,639,041 |  |  | 627,662 |  |  | — |  |  | 5,355,194 |
Total shareholders’ equity | 4,817,782 |  |  | 7,745,667 |  |  | 8,543,058 |  |  | (16,288,725 | ) |  | 4,817,782 |
| $ | 7,906,273 |  |  | $ | 9,384,708 |  |  | $ | 9,170,720 |  |  | $ | (16,288,725 | ) |  | $ | 10,172,976 |
Consolidating Statement of Operations and Comprehensive Income (Loss) | CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the three months ended March 31, 2019 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 1,907,808 |  |  | $ | 42,048 |  |  | $ | — |  |  | $ | 1,949,856 |
Land sale and other revenues | — |  |  | 2,325 |  |  | 650 |  |  | — |  |  | 2,975 |
| — |  |  | 1,910,133 |  |  | 42,698 |  |  | — |  |  | 1,952,831 |
Financial Services | — |  |  | — |  |  | 43,862 |  |  | — |  |  | 43,862 |
| — |  |  | 1,910,133 |  |  | 86,560 |  |  | — |  |  | 1,996,693 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | (1,460,895 | ) |  | (31,896 | ) |  | — |  |  | (1,492,791 | )
Land sale cost of revenues | — |  |  | (944 | ) |  | (1,106 | ) |  | — |  |  | (2,050 | )
| — |  |  | (1,461,839 | ) |  | (33,002 | ) |  | — |  |  | (1,494,841 | )
Financial Services expenses | — |  |  | (132 | ) |  | (31,317 | ) |  | — |  |  | (31,449 | )
Selling, general, and administrative expenses | — |  |  | (234,118 | ) |  | (18,609 | ) |  | — |  |  | (252,727 | )
Other income (expense), net | (122 | ) |  | (4,986 | ) |  | 4,135 |  |  | — |  |  | (973 | )
Intercompany interest | (1,996 | ) |  | — |  |  | 1,996 |  |  | — |  |  | — |
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (2,118 | ) |  | 209,058 |  |  | 9,763 |  |  | — |  |  | 216,703 |
Income tax (expense) benefit | 508 |  |  | (47,650 | ) |  | (2,804 | ) |  |  |  |  | (49,946 | )
Income (loss) before equity in income (loss) of subsidiaries | (1,610 | ) |  | 161,408 |  |  | 6,959 |  |  | — |  |  | 166,757 |
Equity in income (loss) of subsidiaries | 168,367 |  |  | 18,304 |  |  | 113,696 |  |  | (300,367 | ) |  | — |
Net income (loss) | 166,757 |  |  | 179,712 |  |  | 120,655 |  |  | (300,367 | ) |  | 166,757 |
Other comprehensive income | 25 |  |  | — |  |  | — |  |  | — |  |  | 25 |
Comprehensive income (loss) | $ | 166,782 |  |  | $ | 179,712 |  |  | $ | 120,655 |  |  | $ | (300,367 | ) |  | $ | 166,782 |
CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the three months ended March 31, 2018 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 1,885,431 |  |  | $ | 26,167 |  |  | $ | — |  |  | $ | 1,911,598 |
Land sale and other revenues | — |  |  | 11,558 |  |  | 999 |  |  | — |  |  | 12,557 |
| — |  |  | 1,896,989 |  |  | 27,166 |  |  | — |  |  | 1,924,155 |
Financial Services | — |  |  | — |  |  | 45,938 |  |  | — |  |  | 45,938 |
| — |  |  | 1,896,989 |  |  | 73,104 |  |  | — |  |  | 1,970,093 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | (1,438,347 | ) |  | (21,593 | ) |  | — |  |  | (1,459,940 | )
Land sale cost of revenues | — |  |  | (10,830 | ) |  | (718 | ) |  | — |  |  | (11,548 | )
| — |  |  | (1,449,177 | ) |  | (22,311 | ) |  | — |  |  | (1,471,488 | )
Financial Services expenses | — |  |  | (142 | ) |  | (32,071 | ) |  | — |  |  | (32,213 | )
Selling, general, and administrative expenses | — |  |  | (231,418 | ) |  | (9,475 | ) |  | — |  |  | (240,893 | )
Other income (expense), net | (142 | ) |  | (7,601 | ) |  | 6,435 |  |  | — |  |  | (1,308 | )
Intercompany interest | (1,468 | ) |  | — |  |  | 1,468 |  |  | — |  |  | — |
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (1,610 | ) |  | 208,651 |  |  | 17,150 |  |  | — |  |  | 224,191 |
Income tax (expense) benefit | 387 |  |  | (49,531 | ) |  | (4,296 | ) |  | — |  |  | (53,440 | )
Income before equity in income of subsidiaries | (1,223 | ) |  | 159,120 |  |  | 12,854 |  |  | — |  |  | 170,751 |
Equity in income (loss) of subsidiaries | 171,974 |  |  | 12,564 |  |  | 110,671 |  |  | (295,209 | ) |  | — |
Net income (loss) | 170,751 |  |  | 171,684 |  |  | 123,525 |  |  | (295,209 | ) |  | 170,751 |
Other comprehensive income | 21 |  |  | — |  |  | — |  |  | — |  |  | 21 |
Comprehensive income (loss) | $ | 170,772 |  |  | $ | 171,684 |  |  | $ | 123,525 |  |  | $ | (295,209 | ) |  | $ | 170,772 |
Consolidating Statement Of Cash Flows | CONSOLIDATING STATEMENT OF CASH FLOWS For the three months ended March 31, 2019 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Net cash provided by (used in) operating activities | $ | 27,743 |  |  | $ | (14,838 | ) |  | $ | 146,004 |  |  | $ | — |  |  | $ | 158,909 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (13,216 | ) |  | (2,854 | ) |  | — |  |  | (16,070 | )
Investments in unconsolidated entities | — |  |  | (1,183 | ) |  | (106 | ) |  | — |  |  | (1,289 | )
Other investing activities, net | — |  |  | 190 |  |  | 101 |  |  | — |  |  | 291 |
Net cash provided by (used in) investing activities | — |  |  | (14,209 | ) |  | (2,859 | ) |  | — |  |  | (17,068 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Financial Services borrowing (repayments), net | — |  |  | — |  |  | (126,273 | ) |  | — |  |  | (126,273 | )
Repayments of debt | — |  |  | (3,068 | ) |  | (537 | ) |  | — |  |  | (3,605 | )
Borrowings under revolving credit facility | — |  |  | — |  |  | — |  |  | — |  |  | — |
Repayments under revolving credit facility | — |  |  | — |  |  | — |  |  | — |  |  | — |
Debt issuance costs |  |  |  |  |  |  |  |  | — |
Stock option exercises | 1,445 |  |  | — |  |  | — |  |  | — |  |  | 1,445 |
Share repurchases | (35,353 | ) |  | — |  |  | — |  |  |  |  |  | (35,353 | )
Dividends paid | (30,802 | ) |  | — |  |  | — |  |  | — |  |  | (30,802 | )
Intercompany activities, net | 36,967 |  |  | 135,907 |  |  | (172,874 | ) |  |  |  |  | — |
Net cash provided by (used in) financing activities | (27,743 | ) |  | 132,839 |  |  | (299,684 | ) |  | — |  |  | (194,588 | )
Net increase (decrease) in cash, cash equivalents, and restricted cash | — |  |  | 103,792 |  |  | (156,539 | ) |  | — |  |  | (52,747 | )
Cash, cash equivalents, and restricted cash at beginning of year | — |  |  | 929,367 |  |  | 204,333 |  |  | — |  |  | 1,133,700 |
Cash, cash equivalents, and restricted cash at end of year | $ | — |  |  | $ | 1,033,159 |  |  | $ | 47,794 |  |  | $ | — |  |  | $ | 1,080,953 |
CONSOLIDATING STATEMENT OF CASH FLOWS For the three months ended March 31, 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 | $ | 310,937 |  |  | $ | (340,357 | ) |  | $ | 198,433 |  |  | $ | — |  |  | $ | 169,013 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (13,537 | ) |  | (1,891 | ) |  | — |  |  | (15,428 | )
Investments in unconsolidated entities | — |  |  | (1,000 | ) |  | — |  |  | — |  |  | (1,000 | )
Other investing activities, net | — |  |  | — |  |  | 452 |  |  | — |  |  | 452 |
Net cash provided by (used in) investing activities | — |  |  | (14,537 | ) |  | (1,439 | ) |  | — |  |  | (15,976 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Financial Services borrowings (repayments), net | — |  |  | — |  |  | (190,852 | ) |  | — |  |  | (190,852 | )
Repayments of debt | — |  |  | — |  |  | (451 | ) |  | — |  |  | (451 | )
Borrowings under revolving credit facility | 768,000 |  |  | — |  |  | — |  |  | — |  |  | 768,000 |
Repayments under revolving credit facility | (768,000 | ) |  | — |  |  | — |  |  | — |  |  | (768,000 | )
Stock option exercises | 2,723 |  |  | — |  |  | — |  |  | — |  |  | 2,723 |
Share repurchases | (59,491 | ) |  | — |  |  | — |  |  | — |  |  | (59,491 | )
Dividends paid | (26,347 | ) |  | — |  |  | — |  |  | — |  |  | (26,347 | )
Intercompany activities, net | (227,822 | ) |  | 332,689 |  |  | (104,867 | ) |  | — |  |  | — |
Net cash provided by (used in) financing activities | (310,937 | ) |  | 332,689 |  |  | (296,170 | ) |  | — |  |  | (274,418 | )
Net increase (decrease) in cash, cash equivalents, and restricted cash | — |  |  | (22,205 | ) |  | (99,176 | ) |  | — |  |  | (121,381 | )
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 | $ | — |  |  | $ | 135,596 |  |  | $ | 49,191 |  |  | $ | — |  |  | $ | 184,787 |

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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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- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements 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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