Supplemental Guarantor Information (Tables)

3 Months Ended

Mar. 31, 2016

Supplemental Guarantor Information [Abstract]

Consolidating Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET

MARCH 31, 2016

($000’s omitted)

	Unconsolidated							Eliminating Entries			Consolidated PulteGroup, Inc.
	PulteGroup, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries
ASSETS
Cash and equivalents	$	—	$	937,248		$	58,448	$	—		$	995,696
Restricted cash	—		20,937			1,482		—			22,419
House and land inventory	—		6,160,236			42,243		—			6,202,479
Land held for sale	—		84,507			510		—			85,017
Residential mortgage loans available-        for-sale	—		—			290,578		—			290,578
Investments in unconsolidated entities	97		48,234			4,759		—			53,090
Other assets	23,002		522,693			140,468		—			686,163
Intangible assets	—		163,185			—		—			163,185
Deferred tax assets, net	1,342,225		—			2,628		—			1,344,853
Investments in subsidiaries and        intercompany accounts, net	6,597,500		(754,237		)	6,491,667		(12,334,930		)	—
	$	7,962,824	$	7,182,803		$	7,032,783	$	(12,334,930	)	$	9,843,480
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Accounts payable, customer deposits,        accrued and other liabilities	$	88,474	$	1,569,237		$	192,805	$	—		$	1,850,516
Income tax liabilities	33,460		—			—		—			33,460
Financial Services debt	—		—			118,614		—			118,614
Term loan	498,817		—			—		—			498,817
Senior notes	2,568,546		—			—		—			2,568,546
Total liabilities	3,189,297		1,569,237			311,419		—			5,069,953
Total shareholders’ equity	4,773,527		5,613,566			6,721,364		(12,334,930		)	4,773,527
	$	7,962,824	$	7,182,803		$	7,032,783	$	(12,334,930	)	$	9,843,480

CONDENSED CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2015

($000’s omitted)

	Unconsolidated						Eliminating Entries			Consolidated PulteGroup, Inc.
	PulteGroup, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries
ASSETS
Cash and equivalents	$	—	$	638,602	$	115,559	$	—		$	754,161
Restricted cash	—		20,274		1,000		—			21,274
House and land inventory	—		5,450,058		—		—			5,450,058
Land held for sale	—		80,458		1,034		—			81,492
Residential mortgage loans available-        for-sale	—		—		442,715		—			442,715
Investments in unconsolidated entities	93		36,499		4,675		—			41,267
Other assets	38,991		531,120		90,724		—			660,835
Intangible assets	—		110,215		—		—			110,215
Deferred tax assets, net	1,392,251		11		2,617		—			1,394,879
Investments in subsidiaries and        intercompany accounts, net	5,529,606		465,644		6,293,018		(12,288,268		)	—
	$	6,960,941	$	7,332,881	$	6,951,342	$	(12,288,268	)	$	8,956,896
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Accounts payable, customer deposits,        accrued and other liabilities	$	70,061	$	1,558,885	$	169,193	$	—		$	1,798,139
Income tax liabilities	57,050		—		—		—			57,050
Financial Services debt	—		—		267,877		—			267,877
Term loan	498,423		—		—		—			498,423
Senior notes	1,576,082		—		—		—			1,576,082
Total liabilities	2,201,616		1,558,885		437,070		—			4,197,571
Total shareholders’ equity	4,759,325		5,773,996		6,514,272		(12,288,268		)	4,759,325
	$	6,960,941	$	7,332,881	$	6,951,342	$	(12,288,268	)	$	8,956,896

Consolidating Statement of Operations and Comprehensive Income (Loss)

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the three months endedMarch 31, 2016

($000’s omitted)

	Unconsolidated											Consolidated PulteGroup,  Inc.
	PulteGroup, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminating Entries
Revenues:
Homebuilding
Home sale revenues	$	—		$	1,393,259	$	984		$	—		$	1,394,243
Land sale revenues	—			2,010		477			—			2,487
	—			1,395,269		1,461			—			1,396,730
Financial Services	—			—		35,848			—			35,848
	—			1,395,269		37,309			—			1,432,578
Homebuilding Cost of Revenues:
Home sale cost of revenues	—			1,087,165		2,164			—			1,089,329
Land sale cost of revenues	—			1,643		385			—			2,028
	—			1,088,808		2,549			—			1,091,357
Financial Services expenses	—			123		25,996			—			26,119
Selling, general, and administrative        expenses	—			187,581		3,434			—			191,015
Other expense (income), net	170			9,676		(3,972		)	—			5,874
Intercompany interest	510			2,184		(2,694		)	—			—
Income (loss) before income taxes and        equity in income (loss) of        subsidiaries	(680		)	106,897		11,996			—			118,213
Income tax expense (benefit)	(263		)	30,568		4,608			—			34,913
Income (loss) before equity in income        (loss) of subsidiaries	(417		)	76,329		7,388			—			83,300
Equity in income (loss) of subsidiaries	83,717			7,010		111,918			(202,645		)	—
Net income (loss)	83,300			83,339		119,306			(202,645		)	83,300
Other comprehensive income	21			—		—			—			21
Comprehensive income (loss)	$	83,321		$	83,339	$	119,306		$	(202,645	)	$	83,321

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the three months endedMarch 31, 2015

($000’s omitted)

	Unconsolidated												Consolidated PulteGroup,  Inc.
	PulteGroup, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminating Entries
Revenues:
Homebuilding
Home sale revenues	$	—		$	1,088,158		$	—		$	—		$	1,088,158
Land sale revenues	—			17,542			—			—			17,542
	—			1,105,700			—			—			1,105,700
Financial Services	—			—			27,598			—			27,598
	—			1,105,700			27,598			—			1,133,298
Homebuilding Cost of Revenues:
Home sale cost of revenues	—			841,145			—			—			841,145
Land sale cost of revenues	—			13,378			—			—			13,378
	—			854,523			—			—			854,523
Financial Services expenses	187			(168		)	22,522			—			22,541
Selling, general, and administrative        expenses	—			160,828			484			—			161,312
Other expense (income), net	174			(708		)	(349		)	—			(883		)
Intercompany interest	7,723			(5,422		)	(2,301		)	—			—
Income (loss) before income taxes and        equity in income (loss) of        subsidiaries	(8,084		)	96,647			7,242			—			95,805
Income tax expense (benefit)	(3,072		)	41,097			2,809			—			40,834
Income (loss) before equity in income        (loss) of subsidiaries	(5,012		)	55,550			4,433			—			54,971
Equity in income (loss) of subsidiaries	59,983			4,337			52,063			(116,383		)	—
Net income (loss)	54,971			59,887			56,496			(116,383		)	54,971
Other comprehensive income	21			—			—			—			21
Comprehensive income (loss)	$	54,992		$	59,887		$	56,496		$	(116,383	)	$	54,992

Consolidating Statement Of Cash Flows

CONSOLIDATING STATEMENT OF CASH FLOWS

For the three months endedMarch 31, 2016

($000’s omitted)

	Unconsolidated											Consolidated PulteGroup, Inc.
	PulteGroup, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminating Entries
Net cash provided by (used in)    operating activities	$	41,058		$	(255,994	)	$	150,874		$	—	$	(64,062	)
Cash flows from investing activities:
Capital expenditures	—			(8,918		)	(542		)	—		(9,460		)
Cash used for business acquisitions	—			(430,011		)	—			—		(430,011		)
Other investing activities, net	(3		)	(12,731		)	453			—		(12,281		)
Net cash provided by (used in)    investing activities	(3		)	(451,660		)	(89		)	—		(451,752		)
Cash flows from financing activities:
Proceeds from debt issuance	991,575			—			—			—		991,575
Repayments of debt	—			(702		)	—			—		(702		)
Borrowings under revolving credit facility	220,000			—			—			—		220,000
Repayments under revolving credit facility	(220,000		)	—			—			—		(220,000		)
Financial Services borrowings (repayments)	—			—			(149,263		)	—		(149,263		)
Stock option exercises	52			—			—			—		52
Share repurchases	(52,745		)	—			—			—		(52,745		)
Dividends paid	(31,568		)	—			—			—		(31,568		)
Intercompany activities, net	(948,369		)	1,007,002			(58,633		)	—		—
Net cash provided by (used in)    financing activities	(41,055		)	1,006,300			(207,896		)	—		757,349
Net increase (decrease) in cash and    equivalents	—			298,646			(57,111		)	—		241,535
Cash and equivalents at beginning of    period	—			638,602			115,559			—		754,161
Cash and equivalents at end of period	$	—		$	937,248		$	58,448		$	—	$	995,696

CONSOLIDATING STATEMENT OF CASH FLOWS

For the three months endedMarch 31, 2015

($000’s omitted)

	Unconsolidated											Consolidated PulteGroup, Inc.
	PulteGroup, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminating Entries
Net cash provided by (used in)     operating activities	$	87,624		$	(203,566	)	$	90,545		$	—	$	(25,397	)
Cash flows from investing activities:
Capital expenditures	—			(13,489		)	(1,028		)	—		(14,517		)
Other investing activities, net	3,710			5			917			—		4,632
Net cash provided by (used in) investing     activities	3,710			(13,484		)	(111		)	—		(9,885		)
Cash flows from financing activities:
Financial Services borrowings (repayments)	—			—			(72,678		)	—		(72,678		)
Stock option exercises	6,596			—			—			—		6,596
Share repurchases	(107,955		)	—			—			—		(107,955		)
Dividends paid	(29,616		)	—			—			—		(29,616		)
Intercompany activities, net	32,187			56,487			(88,674		)	—		—
Net cash provided by (used in)    financing activities	(98,788		)	56,487			(161,352		)	—		(203,653		)
Net increase (decrease) in cash and     equivalents	(7,454		)	(160,563		)	(70,918		)	—		(238,935		)
Cash and equivalents at beginning of     period	7,454			1,157,307			128,101			—		1,292,862
Cash and equivalents at end of period	$	—		$	996,744		$	57,183		$	—	$	1,053,927