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Supplemental Guarantor Information (Tables)
 12 Months Ended
Dec. 31, 2017
Supplemental Guarantor Information [Abstract]  
Consolidating Balance Sheet
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2017
($000’s omitted)
 
Unconsolidated
 
Eliminating
Entries
 
Consolidated
PulteGroup,
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
ASSETS
 
 
 
 
 
 
 
 
 
Cash and equivalents
$
—

 
$
125,462

 
$
147,221

 
$
—

 
$
272,683

Restricted cash
—

 
32,339

 
1,146

 
—

 
33,485

Total cash, cash equivalents, and
       restricted cash
—

 
157,801

 
148,367

 
—

 
306,168

House and land inventory
—

 
7,053,087

 
94,043

 
—

 
7,147,130

Land held for sale
—

 
68,384

 
—

 
—

 
68,384

Residential mortgage loans available-
       for-sale
—

 
—

 
570,600

 
—

 
570,600

Investments in unconsolidated entities
—

 
62,415

 
542

 
—

 
62,957

Other assets
9,417

 
592,045

 
143,661

 
—

 
745,123

Intangible assets
—

 
140,992

 
—

 
—

 
140,992

Deferred tax assets, net
646,227

 
—

 
(932
)
 
—

 
645,295

Investments in subsidiaries and
       intercompany accounts, net
6,661,638

 
284,983

 
7,300,127

 
(14,246,748
)
 
—

 
$
7,317,282

 
$
8,359,707

 
$
8,256,408

 
$
(14,246,748
)
 
$
9,686,649

LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable, customer deposits,
       accrued and other liabilities
$
89,388

 
$
1,636,913

 
$
274,626

 
$
—

 
$
2,000,927

Income tax liabilities
86,925

 
—

 
—

 
—

 
86,925

Financial Services debt
—

 
—

 
437,804

 
—

 
437,804

Notes payable

2,986,943

 
16,911

 
3,113

 
—

 
3,006,967

Total liabilities
3,163,256

 
1,653,824

 
715,543

 
—

 
5,532,623

Total shareholders’ equity
4,154,026

 
6,705,883

 
7,540,865

 
(14,246,748
)
 
4,154,026

 
$
7,317,282

 
$
8,359,707

 
$
8,256,408

 
$
(14,246,748
)
 
$
9,686,649

CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2016
($000’s omitted)
 
Unconsolidated
 
Eliminating
Entries
 
Consolidated
PulteGroup,
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
ASSETS
 
 

 

 
 
 
 
Cash and equivalents
$
—

 
$
588,353

 
$
110,529

 
$
—

 
$
698,882

Restricted cash
—

 
22,832

 
1,534

 
—

 
24,366

Total cash, cash equivalents, and
       restricted cash
—

 
611,185

 
112,063

 
—

 
723,248

House and land inventory
—

 
6,707,392

 
63,263

 
—

 
6,770,655

Land held for sale
—

 
31,218

 
510

 
—

 
31,728

Residential mortgage loans available-
       for-sale
—

 
—

 
539,496

 
—

 
539,496

Investments in unconsolidated entities
105

 
46,248

 
5,094

 
—

 
51,447

Other assets
12,364

 
716,923

 
128,139

 
—

 
857,426

Intangible assets
—

 
154,792

 
—

 
—

 
154,792

Deferred tax assets, net
1,051,351

 
—

 
(1,943
)
 
—

 
1,049,408

Investments in subsidiaries and
       intercompany accounts, net
6,835,075

 
(376,748
)
 
6,845,781

 
(13,304,108
)
 
—

 
$
7,898,895

 
$
7,891,010

 
$
7,692,403

 
$
(13,304,108
)
 
$
10,178,200

LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable, customer deposits,
       accrued and other liabilities
$
94,656

 
$
1,738,454

 
$
189,948

 
$
—

 
$
2,023,058

Income tax liabilities
34,860

 
—

 
—

 
—

 
34,860

Financial Services debt
—

 
—

 
331,621

 
—

 
331,621

Notes payable
3,110,016

 
17,302

 
1,980

 
—

 
3,129,298

Total liabilities
3,239,532

 
1,755,756

 
523,549

 
—

 
5,518,837

Total shareholders’ equity
4,659,363

 
6,135,254

 
7,168,854

 
(13,304,108
)
 
4,659,363

 
$
7,898,895

 
$
7,891,010

 
$
7,692,403

 
$
(13,304,108
)
 
$
10,178,200
Consolidating Statement Of Operations and Comprehensive Income (Loss)
CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the year ended December 31, 2017
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
8,229,392

 
$
94,592

 
$
—

 
$
8,323,984

Land sale revenues
—

 
53,280

 
3,826

 
—

 
57,106

 
—

 
8,282,672

 
98,418

 
—

 
8,381,090

Financial Services
—

 
—

 
192,160

 
—

 
192,160

 
—

 
8,282,672

 
290,578

 
—

 
8,573,250

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(6,385,167
)
 
(75,985
)
 
—

 
(6,461,152
)
Land sale cost of revenues
—

 
(131,363
)
 
(3,086
)
 
—

 
(134,449
)
 
—

 
(6,516,530
)
 
(79,071
)
 
—

 
(6,595,601
)
Financial Services expenses
—

 
(527
)
 
(118,762
)
 
—

 
(119,289
)
Selling, general, and administrative
       expenses
—

 
(785,266
)
 
(106,315
)
 
—

 
(891,581
)
Other expense, net
(482
)
 
(58,619
)
 
31,150

 
—

 
(27,951
)
Intercompany interest
(2,485
)
 
—

 
2,485

 
—

 
—

Income (loss) before income taxes and
       equity in income (loss) of
       subsidiaries
(2,967
)
 
921,730

 
20,065

 
—

 
938,828

Income tax (expense) benefit
1,127

 
(483,435
)
 
(9,299
)
 
—

 
(491,607
)
Income (loss) before equity in income
       (loss) of subsidiaries
(1,840
)
 
438,295

 
10,766

 
—

 
447,221

Equity in income (loss) of subsidiaries
449,061

 
58,559

 
226,864

 
(734,484
)
 
—

Net income (loss)
447,221

 
496,854

 
237,630

 
(734,484
)
 
447,221

Other comprehensive income (loss)
81

 
—

 
—

 
—

 
81

Comprehensive income (loss)
$
447,302

 
$
496,854

 
$
237,630

 
$
(734,484
)
 
$
447,302


CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the year ended December 31, 2016
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
7,427,757

 
$
23,558

 
$
—

 
$
7,451,315

Land sale revenues
—

 
33,598

 
2,437

 
—

 
36,035

 
—

 
7,461,355

 
25,995

 
—

 
7,487,350

Financial Services
—

 
—

 
181,126

 
—

 
181,126

 
—

 
7,461,355

 
207,121

 
—

 
7,668,476

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(5,566,653
)
 
(21,321
)
 
—

 
(5,587,974
)
Land sale cost of revenues
—

 
(30,156
)
 
(1,959
)
 
—

 
(32,115
)
 
—

 
(5,596,809
)
 
(23,280
)
 
—

 
(5,620,089
)
Financial Services expenses
—

 
(533
)
 
(108,040
)
 
—

 
(108,573
)
Selling, general, and administrative
       expenses
—

 
(907,748
)
 
(49,402
)
 
—

 
(957,150
)
Other expense, net
(1,321
)
 
(69,345
)
 
21,852

 
—

 
(48,814
)
Intercompany interest
(1,980
)
 
—

 
1,980

 
—

 
—

Income (loss) before income taxes and
       equity in income (loss) of
       subsidiaries
(3,301
)
 
886,920

 
50,231

 
—

 
933,850

Income tax (expense) benefit
1,254

 
(312,486
)
 
(19,915
)
 
—

 
(331,147
)
Income (loss) before equity in income
       (loss) of subsidiaries
(2,047
)
 
574,434

 
30,316

 
—

 
602,703

Equity in income (loss) of subsidiaries
604,750

 
58,078

 
457,716

 
(1,120,544
)
 
—

Net income (loss)
602,703

 
632,512

 
488,032

 
(1,120,544
)
 
602,703

Other comprehensive income (loss)
83

 
—

 
—

 
—

 
83

Comprehensive income (loss)
$
602,786

 
$
632,512

 
$
488,032

 
$
(1,120,544
)
 
$
602,786

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the year ended December 31, 2015
($000’s omitted)
 
Unconsolidated
 
Eliminating
Entries
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
5,792,675

 
$
—

 
$
—

 
$
5,792,675

Land sale revenues
—

 
48,536

 
—

 
—

 
48,536

 
—

 
5,841,211

 
—

 
—

 
5,841,211

Financial Services
—

 
1

 
140,752

 
—

 
140,753

 
—

 
5,841,212

 
140,752

 
—

 
5,981,964

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(4,235,945
)
 
—

 
—

 
(4,235,945
)
Land sale cost of revenues
—

 
(35,858
)
 
—

 
—

 
(35,858
)
 
—

 
(4,271,803
)
 
—

 
—

 
(4,271,803
)
Financial Services expenses
(313
)
 
276

 
(82,010
)
 
—

 
(82,047
)
Selling, general, and administrative
       expenses
(3
)
 
(790,818
)
 
(3,907
)
 
—

 
(794,728
)
Other expense, net
(760
)
 
(17,424
)
 
821

 
—

 
(17,363
)
Intercompany interest
(2,110
)
 
(7,922
)
 
10,032

 
—

 
—

Income (loss) before income taxes and
       equity in income (loss) of
       subsidiaries
(3,186
)
 
753,521

 
65,688

 
—

 
816,023

Income tax (expense) benefit
1,210

 
(297,485
)
 
(25,658
)
 
—

 
(321,933
)
Income (loss) before equity in income
       (loss) of subsidiaries
(1,976
)
 
456,036

 
40,030

 
—

 
494,090

Equity in income (loss) of subsidiaries
496,066

 
40,484

 
411,699

 
(948,249
)
 
—

Net income (loss)
494,090

 
496,520

 
451,729

 
(948,249
)
 
494,090

Other comprehensive income (loss)
81

 
—

 
—

 
—

 
81

Comprehensive income (loss)
$
494,171

 
$
496,520

 
$
451,729

 
$
(948,249
)
 
$
494,171
Consolidating Statement Of Cash Flows
CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended December 31, 2017
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Net cash provided by (used in)
   operating activities
$
309,757

 
$
328,163

 
$
25,157

 
$
—

 
$
663,077

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(25,432
)
 
(6,619
)
 
—

 
(32,051
)
Investment in unconsolidated subsidiaries
—

 
(23,037
)
 
—

 
—

 
(23,037
)
Other investing activities, net
—

 
5,778

 
(932
)
 
—

 
4,846

Net cash provided by (used in) investing
   activities
—

 
(42,691
)
 
(7,551
)
 
—

 
(50,242
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Financial Services borrowings
     (repayments)
—

 
—

 
106,183

 
—

 
106,183

Repayments of debt
(123,000
)
 
(10,301
)
 
(1,446
)
 
—

 
(134,747
)
Borrowings under revolving credit facility
2,720,000

 
—

 
—

 
—

 
2,720,000

Repayments under revolving credit facility
(2,720,000
)
 
—

 
—

 
—

 
(2,720,000
)
Stock option exercises
27,720

 
—

 
—

 
—

 
27,720

Share repurchases
(916,323
)
 
—

 
—

 
—

 
(916,323
)
Dividends paid
(112,748
)
 
—

 
—

 
—

 
(112,748
)
Intercompany activities, net
814,594

 
(728,555
)
 
(86,039
)
 
—

 
—

Net cash provided by (used in)
   financing activities
(309,757
)
 
(738,856
)
 
18,698

 
—

 
(1,029,915
)
Net increase (decrease)
—

 
(453,384
)
 
36,304

 
—

 
(417,080
)
Cash, cash equivalents, and restricted cash
     at beginning of year
—

 
611,185

 
112,063

 
—

 
723,248

Cash, cash equivalents, and restricted cash
     at end of year
$
—

 
$
157,801

 
$
148,367

 
$
—

 
$
306,168


CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended December 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
$
256,722

 
$
(102,054
)
 
$
(86,398
)
 
$
—

 
$
68,270

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(36,297
)
 
(2,998
)
 
—

 
(39,295
)
Investment in unconsolidated subsidiaries
—

 
(14,539
)
 
—

 
—

 
(14,539
)
Cash used for business acquisitions
—

 
(430,458
)
 
—

 
—

 
(430,458
)
Other investing activities, net
—

 
11,189

 
1,911

 
—

 
13,100

Net cash provided by (used in) investing
   activities
—

 
(470,105
)
 
(1,087
)
 
—

 
(471,192
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Financial Services borrowings
     (repayments)
—

 
—

 
63,744

 
—

 
63,744

Proceeds from debt issuance
1,991,937

 
4,000

 
—

 
—

 
1,995,937

Repayments of debt
(965,245
)
 
(21,235
)
 
(439
)
 
—

 
(986,919
)
Borrowings under revolving credit facility
619,000

 
—

 
—

 
—

 
619,000

Repayments under revolving credit facility
(619,000
)
 
—

 
—

 
—

 
(619,000
)
Stock option exercises
5,845

 
—

 
—

 
—

 
5,845

Share repurchases
(603,206
)
 
—

 
—

 
—

 
(603,206
)
Dividends paid
(124,666
)
 
—

 
—

 
—

 
(124,666
)
Intercompany activities, net
(561,387
)
 
541,703

 
19,684

 
—

 
—

Net cash provided by (used in)
   financing activities
(256,722
)
 
524,468

 
82,989

 
—

 
350,735

Net increase (decrease)
—

 
(47,691
)
 
(4,496
)
 
—

 
(52,187
)
Cash, cash equivalents, and restricted cash
     at beginning of year
—

 
658,876

 
116,559

 
—

 
775,435

Cash, cash equivalents, and restricted cash
     at end of year
$
—

 
$
611,185

 
$
112,063

 
$
—

 
$
723,248

CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended December 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
$
185,946

 
$
(430,940
)
 
$
(92,596
)
 
$
—

 
$
(337,590
)
Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(41,857
)
 
(3,583
)
 
—

 
(45,440
)
Investment in unconsolidated subsidiaries
—

 
(454
)
 
—

 
—

 
(454
)
Other investing activities, net
—

 
2,391

 
8,939

 
—

 
11,330

Net cash provided by (used in)
   investing activities
—

 
(39,920
)
 
5,356

 
—

 
(34,564
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Financial Services borrowings (repayments)
—

 
—

 
127,636

 
—

 
127,636

Proceeds from debt issuance
498,087

 
—

 
—

 
—

 
498,087

Repayments of debt
(237,995
)
 
(1,198
)
 
—

 
—

 
(239,193
)
Borrowings under revolving credit facility
125,000

 
—

 
—

 
—

 
125,000

Repayments under revolving credit facility
(125,000
)
 
—

 
—

 
—

 
(125,000
)
Stock option exercises
10,535

 
—

 
—

 
—

 
10,535

Share repurchases
(442,738
)
 
—

 
—

 
—

 
(442,738
)
Dividends paid
(115,958
)
 
—

 
—

 
—

 
(115,958
)
Intercompany activities, net
90,959

 
(27,886
)
 
(63,073
)
 
—

 
—

Net cash provided by (used in)
   financing activities
(197,110
)
 
(29,084
)
 
64,563

 
—

 
(161,631
)
Net increase (decrease)
(11,164
)
 
(499,944
)
 
(22,677
)
 
—

 
(533,785
)
Cash, cash equivalents, and restricted cash
     at beginning of year
11,164

 
1,158,820

 
139,236

 
—

 
1,309,220

Cash, cash equivalents, and restricted cash
     at end of year
$
—

 
$
658,876

 
$
116,559

 
$
—

 
$
775,435