XML 60 R48.htm IDEA: XBRL DOCUMENT v3.8.0.1
Supplemental Guarantor Information (Statement of Operations and Comprehensive Income (Loss)) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Homebuilding        
Home sale revenues $ 2,055,891 $ 1,881,718 $ 5,606,953 $ 5,027,843
Land sale revenues 27,176 13,167 36,746 20,604
Total homebuilding revenues 2,083,067 1,894,885 5,643,699 5,048,447
Financial Services 46,952 48,020 135,995 126,950
Consolidated revenues 2,130,019 1,942,905 5,779,694 5,175,397
Homebuilding Cost of Revenues:        
Home sale cost of revenues (1,564,605) (1,417,705) (4,332,221) (3,766,302)
Land sale cost of revenues (25,123) (11,428) (115,950) (17,859)
Total cost of revenues (1,589,728) (1,429,133) (4,448,171) (3,784,161)
Financial Services expenses (29,304) (26,906) (86,150) (79,204)
Selling, general, and administrative expenses (237,495) (250,914) (689,974) (749,502)
Other expense, net (5,243) (23,617) (25,337) (42,402)
Intercompany interest 0 0 0 0
Income (loss) before income taxes and equity in income (loss) of subsidiaries 268,249 212,335 530,062 520,128
Income tax (expense) benefit (90,710) (83,865) (160,255) (190,598)
Income (loss) before equity in income (loss) of subsidiaries 177,539 128,470 369,807 329,530
Equity in income (loss) of subsidiaries 0 0 0 0
Net income 177,539 128,470 369,807 329,530
Other comprehensive income 20 20 61 61
Comprehensive income (loss) 177,559 128,490 369,868 329,591
Eliminating Entries        
Homebuilding        
Home sale revenues 0 0 0 0
Land sale revenues 0 0 0 0
Total homebuilding revenues 0 0 0 0
Financial Services 0 0 0 0
Consolidated revenues 0 0 0 0
Homebuilding Cost of Revenues:        
Home sale cost of revenues 0 0 0 0
Land sale cost of revenues 0 0 0 0
Total cost of revenues 0 0 0 0
Financial Services expenses 0 0 0 0
Selling, general, and administrative expenses 0 0 0 0
Other expense, net 0 0 0 0
Intercompany interest 0 0 0 0
Income (loss) before income taxes and equity in income (loss) of subsidiaries 0 0 0 0
Income tax (expense) benefit 0 0 0 0
Income (loss) before equity in income (loss) of subsidiaries 0 0 0 0
Equity in income (loss) of subsidiaries (310,050) (227,114) (604,219) (624,777)
Net income (310,050) (227,114) (604,219) (624,777)
Other comprehensive income 0 0 0 0
Comprehensive income (loss) (310,050) (227,114) (604,219) (624,777)
PulteGroup, Inc.        
Homebuilding        
Home sale revenues 0 0 0 0
Land sale revenues 0 0 0 0
Total homebuilding revenues 0 0 0 0
Financial Services 0 0 0 0
Consolidated revenues 0 0 0 0
Homebuilding Cost of Revenues:        
Home sale cost of revenues 0 0 0 0
Land sale cost of revenues 0 0 0 0
Total cost of revenues 0 0 0 0
Financial Services expenses 0 0 0 0
Selling, general, and administrative expenses 0 0 0 0
Other expense, net (96) (823) (354) (1,164)
Intercompany interest (756) (487) (1,634) (1,487)
Income (loss) before income taxes and equity in income (loss) of subsidiaries (852) (1,310) (1,988) (2,651)
Income tax (expense) benefit 945 498 1,377 1,008
Income (loss) before equity in income (loss) of subsidiaries 93 (812) (611) (1,643)
Equity in income (loss) of subsidiaries 177,446 129,282 370,418 331,173
Net income 177,539 128,470 369,807 329,530
Other comprehensive income 20 20 61 61
Comprehensive income (loss) 177,559 128,490 369,868 329,591
Guarantor Subsidiaries        
Homebuilding        
Home sale revenues 2,032,391 1,871,284 5,554,349 5,011,027
Land sale revenues 26,907 13,167 34,171 19,069
Total homebuilding revenues 2,059,298 1,884,451 5,588,520 5,030,096
Financial Services 0 0 0 0
Consolidated revenues 2,059,298 1,884,451 5,588,520 5,030,096
Homebuilding Cost of Revenues:        
Home sale cost of revenues (1,545,712) (1,406,471) (4,288,754) (3,750,011)
Land sale cost of revenues (24,896) (11,428) (113,899) (16,577)
Total cost of revenues (1,570,608) (1,417,899) (4,402,653) (3,766,588)
Financial Services expenses (121) (145) (384) (405)
Selling, general, and administrative expenses (225,845) (244,904) (653,930) (729,629)
Other expense, net (11,623) (26,166) (46,339) (56,599)
Intercompany interest 0 (2,072) 0 (6,290)
Income (loss) before income taxes and equity in income (loss) of subsidiaries 251,101 193,265 485,214 470,585
Income tax (expense) benefit (84,666) (76,552) (143,324) (171,535)
Income (loss) before equity in income (loss) of subsidiaries 166,435 116,713 341,890 299,050
Equity in income (loss) of subsidiaries 18,040 21,948 36,307 31,827
Net income 184,475 138,661 378,197 330,877
Other comprehensive income 0 0 0 0
Comprehensive income (loss) 184,475 138,661 378,197 330,877
Non-Guarantor Subsidiaries        
Homebuilding        
Home sale revenues 23,500 10,434 52,604 16,816
Land sale revenues 269 0 2,575 1,535
Total homebuilding revenues 23,769 10,434 55,179 18,351
Financial Services 46,952 48,020 135,995 126,950
Consolidated revenues 70,721 58,454 191,174 145,301
Homebuilding Cost of Revenues:        
Home sale cost of revenues (18,893) (11,234) (43,467) (16,291)
Land sale cost of revenues (227) 0 (2,051) (1,282)
Total cost of revenues (19,120) (11,234) (45,518) (17,573)
Financial Services expenses (29,183) (26,761) (85,766) (78,799)
Selling, general, and administrative expenses (11,650) (6,010) (36,044) (19,873)
Other expense, net 6,476 3,372 21,356 15,361
Intercompany interest 756 2,559 1,634 7,777
Income (loss) before income taxes and equity in income (loss) of subsidiaries 18,000 20,380 46,836 52,194
Income tax (expense) benefit (6,989) (7,811) (18,308) (20,071)
Income (loss) before equity in income (loss) of subsidiaries 11,011 12,569 28,528 32,123
Equity in income (loss) of subsidiaries 114,564 75,884 197,494 261,777
Net income 125,575 88,453 226,022 293,900
Other comprehensive income 0 0 0 0
Comprehensive income (loss) $ 125,575 $ 88,453 $ 226,022 $ 293,900