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Supplemental Guarantor Information (Tables) | 6 Months Ended
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Jun. 30, 2020
Supplemental Guarantor Information [Abstract] |
Consolidating Balance Sheet | CONDENSED CONSOLIDATING BALANCE SHEET June 30, 2020 ($000’s omitted)
| Unconsolidated |  | Eliminating Entries |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |
ASSETS |  |  |  |  |  |  |  |  |
Cash and equivalents | $ | — |  |  | $ | 1,591,082 |  |  | $ | 67,448 |  |  | $ | — |  |  | $ | 1,658,530 |
Restricted cash | — |  |  | 32,470 |  |  | 6,796 |  |  | — |  |  | 39,266 |
Total cash, cash equivalents, and restricted cash | — |  |  | 1,623,552 |  |  | 74,244 |  |  | — |  |  | 1,697,796 |
House and land inventory | — |  |  | 7,443,855 |  |  | 140,884 |  |  | — |  |  | 7,584,739 |
Land held for sale | — |  |  | 29,409 |  |  | — |  |  | — |  |  | 29,409 |
Residential mortgage loans available- for-sale | — |  |  | — |  |  | 394,288 |  |  | — |  |  | 394,288 |
Investments in unconsolidated entities | — |  |  | 46,548 |  |  | 1,159 |  |  | — |  |  | 47,707 |
Other assets | 4,801 |  |  | 661,239 |  |  | 244,231 |  |  | — |  |  | 910,271 |
Intangible assets | — |  |  | 117,792 |  |  | 55,715 |  |  | — |  |  | 173,507 |
Deferred tax assets, net | 133,228 |  |  | — |  |  | (12,460 | ) |  | — |  |  | 120,768 |
Investments in subsidiaries and intercompany accounts, net | 8,657,717 |  |  | 910,129 |  |  | 9,969,347 |  |  | (19,537,193 | ) |  | — |
| $ | 8,795,746 |  |  | $ | 10,832,524 |  |  | $ | 10,867,408 |  |  | $ | (19,537,193 | ) |  | $ | 10,958,485 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable, customer deposits, accrued and other liabilities | $ | 85,417 |  |  | $ | 1,588,835 |  |  | $ | 258,859 |  |  | $ | — |  |  | $ | 1,933,111 |
Income tax liabilities | 146,729 |  |  | — |  |  | — |  |  | — |  |  | 146,729 |
Financial Services debt | — |  |  | — |  |  | 256,359 |  |  | — |  |  | 256,359 |
Notes payable | 2,711,932 |  |  | 58,686 |  |  | — |  |  | — |  |  | 2,770,618 |
Total liabilities | 2,944,078 |  |  | 1,647,521 |  |  | 515,218 |  |  | — |  |  | 5,106,817 |
Total shareholders’ equity | 5,851,668 |  |  | 9,185,003 |  |  | 10,352,190 |  |  | (19,537,193 | ) |  | 5,851,668 |
| $ | 8,795,746 |  |  | $ | 10,832,524 |  |  | $ | 10,867,408 |  |  | $ | (19,537,193 | ) |  | $ | 10,958,485 |
CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2019 ($000’s omitted)
| Unconsolidated |  | Eliminating Entries |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |
ASSETS |  |  |  |  |  |  |  |  |
Cash and equivalents | $ | — |  |  | $ | 1,026,743 |  |  | $ | 191,170 |  |  | $ | — |  |  | $ | 1,217,913 |
Restricted cash | — |  |  | 31,328 |  |  | 2,215 |  |  | — |  |  | 33,543 |
Total cash, cash equivalents, and restricted cash | — |  |  | 1,058,071 |  |  | 193,385 |  |  | — |  |  | 1,251,456 |
House and land inventory | — |  |  | 7,554,662 |  |  | 125,952 |  |  | — |  |  | 7,680,614 |
Land held for sale | — |  |  | 24,009 |  |  | — |  |  | — |  |  | 24,009 |
Residential mortgage loans available- for-sale | — |  |  | — |  |  | 508,967 |  |  | — |  |  | 508,967 |
Investments in unconsolidated entities | — |  |  | 59,266 |  |  | 500 |  |  | — |  |  | 59,766 |
Other assets | 8,172 |  |  | 688,996 |  |  | 198,518 |  |  |  |  |  | 895,686 |
Intangible assets | — |  |  | 124,992 |  |  | — |  |  | — |  |  | 124,992 |
Deferred tax assets, net | 182,461 |  |  | — |  |  | (12,354 | ) |  | — |  |  | 170,107 |
Investments in subsidiaries and intercompany accounts, net | 8,103,191 |  |  | 1,081,472 |  |  | 9,279,403 |  |  | (18,464,066 | ) |  | — |
| $ | 8,293,824 |  |  | $ | 10,591,468 |  |  | $ | 10,294,371 |  |  | $ | (18,464,066 | ) |  | $ | 10,715,597 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable, customer deposits, accrued and other liabilities | $ | 87,892 |  |  | $ | 1,781,893 |  |  | $ | 259,926 |  |  | $ | — |  |  | $ | 2,129,711 |
Income tax liabilities | 36,093 |  |  | — |  |  | — |  |  | — |  |  | 36,093 |
Financial Services debt | — |  |  | — |  |  | 326,573 |  |  | — |  |  | 326,573 |
Notes payable | 2,711,659 |  |  | 53,381 |  |  | — |  |  | — |  |  | 2,765,040 |
Total liabilities | 2,835,644 |  |  | 1,835,274 |  |  | 586,499 |  |  | — |  |  | 5,257,417 |
Total shareholders’ equity | 5,458,180 |  |  | 8,756,194 |  |  | 9,707,872 |  |  | (18,464,066 | ) |  | 5,458,180 |
| $ | 8,293,824 |  |  | $ | 10,591,468 |  |  | $ | 10,294,371 |  |  | $ | (18,464,066 | ) |  | $ | 10,715,597 |
Consolidating Statement of Operations and Comprehensive Income (Loss) | CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the three months ended June 30, 2020 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 2,447,552 |  |  | $ | 24,477 |  |  | $ | — |  |  | $ | 2,472,029 |
Land sale and other revenues | — |  |  | 8,548 |  |  | 18,402 |  |  | — |  |  | 26,950 |
| — |  |  | 2,456,100 |  |  | 42,879 |  |  | — |  |  | 2,498,979 |
Financial Services | — |  |  | — |  |  | 94,802 |  |  | — |  |  | 94,802 |
| — |  |  | 2,456,100 |  |  | 137,681 |  |  | — |  |  | 2,593,781 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | (1,861,026 | ) |  | (19,183 | ) |  | — |  |  | (1,880,209 | )
Land sale and other cost of revenues | — |  |  | (4,533 | ) |  | (15,508 | ) |  | — |  |  | (20,041 | )
| — |  |  | (1,865,559 | ) |  | (34,691 | ) |  | — |  |  | (1,900,250 | )
Financial Services expenses | — |  |  | (212 | ) |  | (34,166 | ) |  | — |  |  | (34,378 | )
Selling, general, and administrative expenses | — |  |  | (195,375 | ) |  | (1,483 | ) |  | — |  |  | (196,858 | )
Goodwill impairment | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other income (expense), net | (2,851 | ) |  | (10,443 | ) |  | 8,008 |  |  | — |  |  | (5,286 | )
Intercompany interest | (1,468 | ) |  | — |  |  | 1,468 |  |  | — |  |  | — |
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (4,319 | ) |  | 384,511 |  |  | 76,817 |  |  | — |  |  | 457,009 |
Income tax (expense) benefit | 1,080 |  |  | (90,743 | ) |  | (18,726 | ) |  | — |  |  | (108,389 | )
Income (loss) before equity in income (loss) of subsidiaries | (3,239 | ) |  | 293,768 |  |  | 58,091 |  |  | — |  |  | 348,620 |
Equity in income (loss) of subsidiaries | 351,859 |  |  | 24,505 |  |  | 288,995 |  |  | (665,359 | ) |  | — |
Net income (loss) | 348,620 |  |  | 318,273 |  |  | 347,086 |  |  | (665,359 | ) |  | 348,620 |
Other comprehensive income | 25 |  |  | — |  |  | — |  |  | — |  |  | 25 |
Comprehensive income (loss) | $ | 348,645 |  |  | $ | 318,273 |  |  | $ | 347,086 |  |  | $ | (665,359 | ) |  | $ | 348,645 |
CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the three months ended June 30, 2019 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 2,359,210 |  |  | $ | 44,349 |  |  | $ | — |  |  | $ | 2,403,559 |
Land sale and other revenues | — |  |  | 29,459 |  |  | 10 |  |  | — |  |  | 29,469 |
| — |  |  | 2,388,669 |  |  | 44,359 |  |  | — |  |  | 2,433,028 |
Financial Services | — |  |  | — |  |  | 55,957 |  |  | — |  |  | 55,957 |
| — |  |  | 2,388,669 |  |  | 100,316 |  |  | — |  |  | 2,488,985 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | (1,814,701 | ) |  | (33,454 | ) |  | — |  |  | (1,848,155 | )
Land sale and other cost of revenues | — |  |  | (26,214 | ) |  | — |  |  | — |  |  | (26,214 | )
| — |  |  | (1,840,915 | ) |  | (33,454 | ) |  | — |  |  | (1,874,369 | )
Financial Services expenses | — |  |  | (125 | ) |  | (30,776 | ) |  | — |  |  | (30,901 | )
Selling, general, and administrative expenses | — |  |  | (245,272 | ) |  | (14,168 | ) |  | — |  |  | (259,440 | )
Other income (expense), net | (4,966 | ) |  | (9,276 | ) |  | 10,743 |  |  | — |  |  | (3,499 | )
Intercompany interest | (2,254 | ) |  | — |  |  | 2,254 |  |  | — |  |  | — |
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (7,220 | ) |  | 293,081 |  |  | 34,915 |  |  | — |  |  | 320,776 |
Income tax (expense) benefit | 1,733 |  |  | (72,598 | ) |  | (8,870 | ) |  | — |  |  | (79,735 | )
Income (loss) before equity in income (loss) of subsidiaries | (5,487 | ) |  | 220,483 |  |  | 26,045 |  |  | — |  |  | 241,041 |
Equity in income (loss) of subsidiaries | 246,528 |  |  | 24,504 |  |  | 162,404 |  |  | (433,436 | ) |  | — |
Net income (loss) | 241,041 |  |  | 244,987 |  |  | 188,449 |  |  | (433,436 | ) |  | 241,041 |
Other comprehensive income | 25 |  |  | — |  |  | — |  |  | — |  |  | 25 |
Comprehensive income (loss) | $ | 241,066 |  |  | $ | 244,987 |  |  | $ | 188,449 |  |  | $ | (433,436 | ) |  | $ | 241,066 |
CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the six months ended June 30, 2020 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Revenues: |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |
Home sale revenues | $ | — |  |  | $ | 4,645,116 |  |  | $ | 48,416 |  |  | $ | — |  |  | $ | 4,693,532 |
Land sale and other revenues | — |  |  | 10,998 |  |  | 34,879 |  |  | — |  |  | 45,877 |
| — |  |  | 4,656,114 |  |  | 83,295 |  |  | — |  |  | 4,739,409 |
Financial Services | — |  |  | — |  |  | 149,352 |  |  | — |  |  | 149,352 |
| — |  |  | 4,656,114 |  |  | 232,647 |  |  | — |  |  | 4,888,761 |
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |
Home sale cost of revenues | — |  |  | (3,536,373 | ) |  | (38,701 | ) |  | — |  |  | (3,575,074 | )
Land sale and other cost of revenues | — |  |  | (5,386 | ) |  | (29,669 | ) |  | — |  |  | (35,055 | )
| — |  |  | (3,541,759 | ) |  | (68,370 | ) |  | — |  |  | (3,610,129 | )
Financial Services expenses | — |  |  | (355 | ) |  | (68,972 | ) |  | — |  |  | (69,327 | )
Selling, general, and administrative expenses | — |  |  | (451,010 | ) |  | (9,517 | ) |  | — |  |  | (460,527 | )
Goodwill impairment | — |  |  | — |  |  | (20,190 | ) |  | — |  |  | (20,190 | )
Other income (expense), net | (3,544 | ) |  | (17,059 | ) |  | 12,793 |  |  | — |  |  | (7,810 | )
Intercompany interest | (3,073 | ) |  | — |  |  | 3,073 |  |  | — |  |  | — |
Income (loss) before income taxes and equity in income (loss) of subsidiaries | (6,617 | ) |  | 645,931 |  |  | 81,464 |  |  | — |  |  | 720,778 |
Income tax (expense) benefit | 1,654 |  |  | (150,203 | ) |  | (19,898 | ) |  | — |  |  | (168,447 | )
Income (loss) before equity in income (loss) of subsidiaries | (4,963 | ) |  | 495,728 |  |  | 61,566 |  |  | — |  |  | 552,331 |
Equity in income (loss) of subsidiaries | 557,294 |  |  | 42,702 |  |  | 484,616 |  |  | (1,084,612 | ) |  | — |
Net income (loss) | 552,331 |  |  | 538,430 |  |  | 546,182 |  |  | (1,084,612 | ) |  | 552,331 |
Other comprehensive income | 50 |  |  | — |  |  | — |  |  | — |  |  | 50 |
Comprehensive income (loss) | $ | 552,381 |  |  | $ | 538,430 |  |  | $ | 546,182 |  |  | $ | (1,084,612 | ) |  | $ | 552,381 |
Consolidating Statement Of Cash Flows | CONSOLIDATING STATEMENT OF CASH FLOWS For the six months ended June 30, 2020 ($000’s omitted)
| Unconsolidated |  |  |  | Consolidated PulteGroup, Inc.
| PulteGroup, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |
Net cash provided by (used in) operating activities | $ | 162,014 |  |  | $ | 495,413 |  |  | $ | 150,445 |  |  | $ | — |  |  | $ | 807,872 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (32,129 | ) |  | (4,617 | ) |  | — |  |  | (36,746 | )
Investments in unconsolidated entities | — |  |  | 13,619 |  |  | (664 | ) |  | — |  |  | 12,955 |
Other investing activities, net | — |  |  | 87 |  |  | 1,510 |  |  | — |  |  | 1,597 |
Business acquisition | — |  |  | — |  |  | (83,256 | ) |  | — |  |  | (83,256 | )
Net cash provided by (used in) investing activities | — |  |  | (18,423 | ) |  | (87,027 | ) |  | — |  |  | (105,450 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Financial Services borrowing (repayments), net | — |  |  | — |  |  | (70,214 | ) |  | — |  |  | (70,214 | )
Repayments of debt | — |  |  | (10,106 | ) |  | — |  |  | — |  |  | (10,106 | )
Borrowings under revolving credit facility | 700,000 |  |  | — |  |  | — |  |  | — |  |  | 700,000 |
Repayments under revolving credit facility | (700,000 | ) |  | — |  |  | — |  |  | — |  |  | (700,000 | )
Stock option exercises | 99 |  |  | — |  |  | — |  |  | — |  |  | 99 |
Share repurchases | (95,676 | ) |  | — |  |  | — |  |  | — |  |  | (95,676 | )
Cash paid for shares withheld for taxes | (14,853 | ) |  | — |  |  | — |  |  | — |  |  | (14,853 | )
Dividends paid | (65,332 | ) |  | — |  |  | — |  |  | — |  |  | (65,332 | )
Intercompany activities, net | 13,748 |  |  | 98,597 |  |  | (112,345 | ) |  | — |  |  | — |
Net cash provided by (used in) financing activities | (162,014 | ) |  | 88,491 |  |  | (182,559 | ) |  | — |  |  | (256,082 | )
Net increase (decrease) in cash, cash equivalents, and restricted cash | — |  |  | 565,481 |  |  | (119,141 | ) |  | — |  |  | 446,340 |
Cash, cash equivalents, and restricted cash at beginning of year | — |  |  | 1,058,071 |  |  | 193,385 |  |  | — |  |  | 1,251,456 |
Cash, cash equivalents, and restricted cash at end of year | $ | — |  |  | $ | 1,623,552 |  |  | $ | 74,244 |  |  | $ | — |  |  | $ | 1,697,796 |
CONSOLIDATING STATEMENT OF CASH FLOWS For the six months ended June 30, 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 | $ | 130,811 |  |  | $ | 34,461 |  |  | $ | 140,435 |  |  | $ | — |  |  | $ | 305,707 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (24,707 | ) |  | (4,868 | ) |  | — |  |  | (29,575 | )
Investments in unconsolidated entities | — |  |  | (4,183 | ) |  | (481 | ) |  | — |  |  | (4,664 | )
Other investing activities, net | — |  |  | 3,241 |  |  | 1,351 |  |  | — |  |  | 4,592 |
Business acquisition | — |  |  | (163,724 | ) |  | — |  |  | — |  |  | (163,724 | )
Net cash provided by (used in) investing activities | — |  |  | (189,373 | ) |  | (3,998 | ) |  | — |  |  | (193,371 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Financial Services borrowings (repayments), net | — |  |  | — |  |  | (114,226 | ) |  | — |  |  | (114,226 | )
Repayments of debt | (280,175 | ) |  | (16,591 | ) |  | (537 | ) |  | — |  |  | (297,303 | )
Stock option exercises | 5,208 |  |  | — |  |  | — |  |  | — |  |  | 5,208 |
Share repurchases | (108,471 | ) |  | — |  |  | — |  |  | — |  |  | (108,471 | )
Cash paid for shares withheld for taxes | (10,350 | ) |  | — |  |  | — |  |  | — |  |  | (10,350 | )
Dividends paid | (61,620 | ) |  | — |  |  | — |  |  | — |  |  | (61,620 | )
Intercompany activities, net | 324,597 |  |  | (149,715 | ) |  | (174,882 | ) |  | — |  |  | — |
Net cash provided by (used in) financing activities | (130,811 | ) |  | (166,306 | ) |  | (289,645 | ) |  | — |  |  | (586,762 | )
Net increase (decrease) in cash, cash equivalents, and restricted cash | — |  |  | (321,218 | ) |  | (153,208 | ) |  | — |  |  | (474,426 | )
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 | $ | — |  |  | $ | 608,149 |  |  | $ | 51,125 |  |  | $ | — |  |  | $ | 659,274 |

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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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