PULTEGROUP INC/MI/

10-K & 10-Q Filings

PulteGroup, Inc. is a Michigan corporation and one of the largest homebuilders in the United States. The company's common shares are traded on the New York Stock Exchange under the ticker symbol "PHM." PulteGroup's business primarily involves the acquisition and development of land for residential purposes within the U.S., and the construction of housing on that land. The company operates under the brands Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West. PulteGroup's homebuilding operations generated 98% of its consolidated revenues in 2023, and it operates in 46 markets across 26 states. The company's strategy includes driving operational gains, shortening the duration of its land pipeline, increasing scale within existing markets, focusing on maintaining an appropriate balance of built-to-order and speculative homes, and managing capital. PulteGroup's website is www.pultegroupinc.com.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$4136.69
4820.00
5679.60
5822.36
5981.96
7668.48
8573.25
10188.33
10212.96
11036.08
13926.88
16229.00
16061.58
3575.64
3949.16
11.97%10.45%Cost of Revenue (-)
$3503.68
3928.33
4414.95
4367.00
4476.75
5620.09
6595.60
8257.93
10144.46
11394.50
11342.09
2541.33
2777.51
10.28%9.29%Gross Profit (+)
$633.01
891.67
1264.64
1455.37
1505.21
2048.39
1977.65
2778.15
3782.42
4834.50
4719.48
1034.31
1171.65
18.22%13.28%Selling, General & Administrative (-)
$519.58
514.46
568.50
667.82
589.78
957.15
891.58
1012.02
1044.34
1011.44
1208.70
1381.22
1312.64
336.52
357.59
8.03%6.26%Non-recurring Operating Expenses (-)
$
20.19
Operating Expenses (-)
$519.58
514.46
568.50
667.82
589.78
957.15
891.58
1012.02
1044.34
1031.63
1208.70
1381.22
1312.64
336.52
357.59
8.03%6.26%Costs & Expenses (Total) (-)
$4023.26
4442.79
4983.45
5034.81
5066.53
6577.24
7487.18
1012.02
1044.34
9114.08
11184.67
12775.72
12654.74
2877.85
3135.10
10.02%8.94%Operating Income/Loss (+)
$113.43
377.21
696.14
787.55
915.43
1091.24
1086.07
9176.31
9168.62
3453.28
3406.84
697.79
814.06
32.78%16.66%Non-operating Income/Expense (+)
$-284.75
-57.33
-75.23
-25.70
-17.36
-48.81
-27.95
-13.85
-13.48
-17.83
-63.88
-13.72
42.42
4.33
54.52
1158.85%Interest Expense (-)
$1.31
0.82
0.71
0.85
Earnings before Tax (+)
$-172.63
319.06
620.20
761.00
898.07
1042.42
1058.12
9162.46
9155.14
-17.83
-63.88
3439.56
3449.27
702.12
868.58
23.71%Tax Expense (-)
$-99.91
-22.59
-2092.29
215.42
321.93
331.15
491.61
325.52
322.88
321.86
563.52
822.24
846.89
169.86
205.67
21.08%Income/Loss (Continuing Operations) (+)
$-72.72
341.66
2712.50
545.58
576.14
711.28
566.51
8836.94
8832.27
-339.68
-627.40
2617.32
2602.37
532.26
662.91
24.55%Net Income/Loss (+)
$-210.39
206.15
2620.12
474.34
494.09
602.70
447.22
1022.02
1016.70
1406.84
1946.32
2617.32
2602.37
532.26
662.98
24.56%Net Income/Loss (Common) (+)
$-210.39
206.15
2620.12
474.34
494.09
602.70
447.22
1022.02
1016.70
1406.84
1946.32
2617.32
2602.37
532.26
662.98
24.56%EPS (Basic)
$-0.55
0.54
6.79
1.27
1.38
1.76
1.45
3.56
3.67
5.19
7.44
11.07
11.79
2.35
3.13
33.19%EPS (Diluted)
$-0.55
0.54
6.72
1.26
1.36
1.75
1.44
3.55
3.66
5.18
7.43
11.01
11.72
2.35
3.10
31.91%Weighted Avg Shares (Basic)
379.88
381.56
383.08
370.38
356.58
339.75
305.09
283.58
274.50
268.55
259.29
235.01
219.96
225.13
211.84
-4.45%-5.90%Weighted Avg Shares (Diluted)
379.88
387.57
386.87
374.10
359.79
342.12
306.81
284.87
275.30
269.41
259.93
236.17
221.16
225.96
213.55
-4.41%-5.49%Cash
$1083.07
1404.76
1580.33
1292.86
754.16
698.88
272.68
1110.09
1217.91
2582.20
1779.09
1053.10
1806.58
1278.03
1719.56
4.36%34.55%Assets (Current)
$1083.07
1404.76
1580.33
1292.86
754.16
698.88
272.68
1110.09
1217.91
2582.20
1779.09
1053.10
1806.58
1278.03
1719.56
4.36%34.55%Securities & Long-term Investments
$35.99
45.63
45.32
40.37
41.27
51.45
62.96
54.59
59.77
35.56
98.16
146.76
166.91
144.66
204.12
13.64%41.10%Goodwill & Intangibles
$162.35
149.25
136.15
123.11
110.22
154.79
140.99
127.19
124.99
163.43
146.92
135.81
125.27
133.13
122.73
-2.14%-7.82%Other Assets
$5604.21
5134.77
6899.63
7096.71
8040.24
9248.71
9176.53
8857.49
9279.38
9374.28
11273.99
13419.40
13945.69
13226.39
14403.30
7.89%8.90%Assets (Non-current)
$5802.55
5329.65
7081.10
7260.19
8191.73
9454.95
9380.48
9039.28
9464.14
9573.26
11519.07
13701.96
14237.87
13504.19
14730.14
7.77%9.08%Assets (Total)
$6885.62
6734.41
8734.14
8569.41
8967.16
10178.20
9686.65
10172.98
10715.60
12205.50
13352.63
14796.51
16087.05
14831.04
16496.23
7.33%11.23%Accounts Payable
$1811.70
1795.20
1786.50
1663.01
1669.05
1889.31
1837.07
1724.09
1871.38
960.80
1465.95
1349.53
1294.10
3201.15
3243.09
-2.76%1.31%Debt (Current)
$
42.05
Other Liabilities (Current)
$
239.98
Liabilities (Current)
$
2077.23
960.80
1465.95
1349.53
1294.10
Debt (Non-current)
$3088.34
2509.61
2058.17
1958.80
2352.65
3441.64
3444.77
3376.48
3091.61
3164.12
2655.17
2045.53
1962.22
2041.64
1956.85
-3.71%-4.15%Other Liabilities
$46.96
240.52
142.64
186.14
187.89
250.78
254.62
294.43
499.63
324.45
534.34
21.78%64.69%Liabilities (Non-current)
$3135.30
2298.69
2101.44
2538.79
3629.53
3695.55
3631.10
3386.04
3267.67
2820.68
2260.97
2764.00
2366.08
2491.19
-1.04%5.29%Liabilities (Total)
$4947.01
4544.79
4085.19
3764.46
4207.84
5518.84
5532.62
5355.19
5257.42
5635.51
5863.12
5882.42
5703.79
5567.23
5734.28
1.19%3.00%Retained Earnings
$-1050.14
-844.15
1593.92
1728.95
1662.64
1540.21
980.06
1613.93
2220.57
3306.06
4196.28
5581.70
7012.72
AOCI
$-1.31
-0.99
-0.80
-0.69
-0.61
-0.53
-0.45
-0.34
-0.24
-0.14
-0.04
Shareholder's Equity
$1938.62
2189.62
4648.95
4804.95
4759.32
4659.36
4154.03
4817.78
5458.18
6569.99
7489.52
8914.10
10383.26
9263.81
10761.95
15.01%16.17%Liabilities & Equity
$6885.62
6734.41
8734.14
8569.41
8967.16
10178.20
9686.65
10172.98
10715.60
12205.50
13352.63
14796.51
16087.05
14831.04
16496.23
7.33%11.23%Net Income/Loss
$-210.39
206.15
2620.12
474.34
494.09
602.70
447.22
1022.02
1016.70
1406.84
1946.32
2617.32
2602.37
532.26
662.98
24.56%Depreciation & Amortization
$32.10
30.03
31.59
39.86
46.22
54.01
51.00
49.43
54.00
66.08
69.95
70.92
80.82
19.14
21.06
8.00%10.04%Increase/Decrease in Working Capital
$113.42
-438.02
1847.94
260.09
930.26
632.30
58.95
-254.17
54.71
-239.20
1109.26
2129.32
576.33
-112.60
465.22
14.51%513.16%Share-based Compensation
$16.46
22.90
30.48
29.29
24.75
22.23
33.68
28.29
28.37
32.84
36.74
42.99
48.20
12.49
16.59
9.37%32.81%Adjustments to Reconcile Net Income
$227.61
554.00
-1738.98
-165.09
-842.22
-534.43
215.86
427.72
60.84
377.50
-942.30
-1948.85
-405.61
179.11
-423.19
-336.27%Net Cash (Operating)
$17.22
760.14
881.14
309.25
-348.13
68.27
663.08
1449.74
1077.55
1784.34
1004.02
668.47
2196.76
711.37
239.79
49.79%-66.29%Capital Expenditure
$15.29
22.81
30.56
131.10
45.44
484.29
55.09
60.04
231.36
142.36
184.77
187.76
115.60
24.86
28.03
18.36%12.76%Net Cash (Investing)
$-93.63
9.71
-45.98
-67.62
-30.85
-471.19
-50.24
-41.94
-226.23
-107.95
-124.13
-171.74
-129.09
-24.21
-26.89
-11.05%Increase/Decrease in Debt
$-321.08
-480.00
-512.96
-216.05
388.44
1072.76
-28.56
-172.17
-331.83
19.98
-622.59
-44.27
-210.37
-266.76
23.57
108.83%Increase/Decrease in Equity
$-2.84
31.85
-108.25
-237.39
-432.20
-597.36
-888.60
-304.08
-267.93
-170.56
-897.29
-1085.84
-1001.57
-150.00
-245.84
-63.90%Interest Expenses
$-9.62
-1.47
-0.17
-4.56
-4.19
-26.54
Dividends Paid
$
38.38
75.65
115.96
124.67
112.75
104.02
122.35
130.18
147.83
144.12
142.46
36.38
42.68
17.33%Net Cash (Financing)
$-323.91
-448.16
-659.59
-529.09
-159.72
350.74
-1029.91
-580.27
-733.56
-295.62
-1678.56
-1235.73
-1313.04
-454.85
-295.99
34.93%Cash Taxes Paid
$-62.17
-13.32
0.37
1.03
-5.65
2.74
14.88
89.20
137.12
264.25
457.41
641.95
784.45
0.21
1.01
385.65%Increase/Decrease in Cash
$-400.32
321.69
175.57
-287.47
-538.70
-417.08
827.53
117.76
1380.78
-798.67
-739.01
754.62
232.30
-83.09
-135.77%Cash (Beginning)
$1483.39
1083.07
1404.76
1580.33
1292.86
723.25
306.17
1133.70
1251.46
2632.24
1833.57
1094.55
1094.55
1849.18
-2.50%68.94%Cash (Ending)
$1083.07
1404.76
1580.33
1292.86
754.16
306.17
1133.70
1251.46
2632.24
1833.57
1094.55
1849.18
1326.85
1766.09
4.56%33.10%NOPAT
$72.58
361.46
3044.62
786.49
587.28
1088.37
1070.80
9086.97
9031.30
2808.77
2632.04
697.58
813.11
34.88%16.56%Gross Margin %
15.30%
18.50%
22.27%
25.00%
25.16%
26.71%
23.07%
25.17%
27.16%
29.79%
29.38%
28.93%
29.67%
Operating Margin %
2.74%
7.83%
12.26%
13.53%
15.30%
14.23%
12.67%
90.07%
89.77%
21.28%
21.21%
19.52%
20.61%
NOPAT Margin %
1.75%
7.50%
53.61%
13.51%
9.82%
14.19%
12.49%
89.19%
88.43%
17.31%
16.39%
19.51%
20.59%
Net Margin %
-5.09%
4.28%
46.13%
8.15%
8.26%
7.86%
5.22%
10.03%
9.96%
12.75%
13.98%
16.13%
16.20%
14.89%
16.79%
Tax Rate %
36.01%
4.18%
-337.36%
0.14%
35.85%
0.26%
1.41%
0.97%
1.50%
-1482.37%
-716.05%
18.66%
22.74%
0.03%
0.12%
ROA
1.05%
5.37%
34.86%
9.18%
6.55%
10.69%
11.05%
89.32%
84.28%
18.98%
16.36%
4.70%
4.93%
ROE
3.74%
16.51%
65.49%
16.37%
12.34%
23.36%
25.78%
188.61%
165.46%
31.51%
25.35%
7.53%
7.56%
ROIC
44.71%
242.19%
2236.26%
638.82%
532.85%
703.11%
759.48%
7144.29%
7225.50%
2068.24%
2101.13%
523.97%
662.53%
Asset Turnover
0.60
0.72
0.65
0.68
0.67
0.75
0.89
1.00
0.95
0.90
1.04
1.10
1.00
0.24
0.24
Equity Multiplier
3.55
3.08
1.88
1.78
1.88
2.18
2.33
2.11
1.96
1.86
1.78
1.66
1.55
1.60
1.53
Current Ratio
0.60
0.68
0.88
0.78
0.45
0.37
0.15
0.64
0.65
2.69
1.21
0.78
1.40
0.40
0.53
Quick Ratio
0.60
0.68
0.88
0.78
0.45
0.37
0.15
0.64
0.65
2.69
1.21
0.78
1.40
0.40
0.53
Debt/Equity Ratio
1.59
1.17
0.44
0.41
0.49
0.74
0.83
0.70
0.57
0.48
0.35
0.23
0.19
0.22
0.18
Interest Coverage Ratio
-11.79
-256.61
-4071.00
-172.67
-218.32
-41.12
Dividend Payout Ratio %
1.26%
9.62%
19.75%
11.45%
10.53%
1.14%
1.35%
5.13%
5.41%
5.22%
5.25%
Total Payout
$314.29
446.69
659.42
524.53
155.52
-377.27
1029.91
580.27
722.11
280.76
1667.72
1274.22
1354.40
453.14
264.96
12.95%-41.53%Payout Ratio %
433.01%
123.58%
21.66%
66.69%
26.48%
-34.66%
96.18%
6.39%
8.00%
45.37%
51.46%
64.96%
32.59%