0000822416-18-000053.txt : 20181023 0000822416-18-000053.hdr.sgml : 20181023 20181023161827 ACCESSION NUMBER: 0000822416-18-000053 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 66 CONFORMED PERIOD OF REPORT: 20180930 FILED AS OF DATE: 20181023 DATE AS OF CHANGE: 20181023 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PULTEGROUP INC/MI/ CENTRAL INDEX KEY: 0000822416 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 382766606 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-09804 FILM NUMBER: 181134334 BUSINESS ADDRESS: STREET 1: 3350 PEACHTREE ROAD NORTHEAST STREET 2: SUITE 150 CITY: ATLANTA STATE: 2Q ZIP: 30326 BUSINESS PHONE: (404) 978-6400 MAIL ADDRESS: STREET 1: 3350 PEACHTREE ROAD NORTHEAST STREET 2: SUITE 150 CITY: ATLANTA STATE: 2Q ZIP: 30326 FORMER COMPANY: FORMER CONFORMED NAME: PULTE HOMES INC/MI/ DATE OF NAME CHANGE: 20011023 FORMER COMPANY: FORMER CONFORMED NAME: PULTE CORP DATE OF NAME CHANGE: 19931118 FORMER COMPANY: FORMER CONFORMED NAME: PHM CORP DATE OF NAME CHANGE: 19920703 10-Q 1 phm930201810-q.htm 10-Q Document
false--12-31Q320182018-09-3010-Q0000822416280861332falseLarge Accelerated FilerPULTEGROUP INC/MI/false0.04250.055000.050.060.063750.078750.04250.0550.050.060.063750.0787503000000000 0000822416 2018-01-01 2018-09-30 0000822416 2018-10-18 0000822416 2017-12-31 0000822416 2018-09-30 0000822416 2018-07-01 2018-09-30 0000822416 us-gaap:FinancialServiceMember 2018-01-01 2018-09-30 0000822416 2017-07-01 2017-09-30 0000822416 us-gaap:FinancialServiceMember 2017-01-01 2017-09-30 0000822416 2017-01-01 2017-09-30 0000822416 us-gaap:HomeBuildingMember 2018-01-01 2018-09-30 0000822416 us-gaap:LandMember 2018-07-01 2018-09-30 0000822416 us-gaap:LandMember 2018-01-01 2018-09-30 0000822416 us-gaap:FinancialServiceMember 2017-07-01 2017-09-30 0000822416 us-gaap:RealEstateMember 2017-01-01 2017-09-30 0000822416 us-gaap:FinancialServiceMember 2018-07-01 2018-09-30 0000822416 us-gaap:LandMember 2017-01-01 2017-09-30 0000822416 us-gaap:RealEstateMember 2018-07-01 2018-09-30 0000822416 us-gaap:HomeBuildingMember 2017-07-01 2017-09-30 0000822416 us-gaap:RealEstateMember 2017-07-01 2017-09-30 0000822416 us-gaap:LandMember 2017-07-01 2017-09-30 0000822416 us-gaap:HomeBuildingMember 2018-07-01 2018-09-30 0000822416 us-gaap:RealEstateMember 2018-01-01 2018-09-30 0000822416 us-gaap:HomeBuildingMember 2017-01-01 2017-09-30 0000822416 us-gaap:RetainedEarningsMember 2018-01-01 2018-09-30 0000822416 us-gaap:RetainedEarningsMember 2017-01-01 2017-09-30 0000822416 us-gaap:RetainedEarningsMember 2018-09-30 0000822416 us-gaap:CommonStockMember 2017-01-01 2017-09-30 0000822416 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-09-30 0000822416 us-gaap:CommonStockMember 2016-12-31 0000822416 us-gaap:CommonStockMember 2018-01-01 2018-09-30 0000822416 us-gaap:AdditionalPaidInCapitalMember 2017-01-01 2017-09-30 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0000822416 us-gaap:RetainedEarningsMember 2017-09-30 0000822416 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-12-31 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-01-01 2017-09-30 0000822416 us-gaap:RetainedEarningsMember 2017-12-31 0000822416 us-gaap:RetainedEarningsMember 2016-12-31 0000822416 us-gaap:RetainedEarningsMember 2018-01-01 2018-01-01 0000822416 us-gaap:AdditionalPaidInCapitalMember 2016-12-31 0000822416 us-gaap:CommonStockMember 2017-09-30 0000822416 us-gaap:CommonStockMember 2018-09-30 0000822416 us-gaap:AdditionalPaidInCapitalMember 2017-09-30 0000822416 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000822416 2017-09-30 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-09-30 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0000822416 us-gaap:CommonStockMember 2017-12-31 0000822416 2016-12-31 0000822416 us-gaap:LoanPurchaseCommitmentsMember 2017-12-31 0000822416 2018-01-01 0000822416 us-gaap:LoanPurchaseCommitmentsMember 2018-09-30 0000822416 us-gaap:InterestRateLockCommitmentsMember 2017-12-31 0000822416 us-gaap:ForwardContractsMember 2018-09-30 0000822416 us-gaap:ForwardContractsMember 2017-12-31 0000822416 us-gaap:InterestRateLockCommitmentsMember 2018-09-30 0000822416 2017-04-01 2017-06-30 0000822416 2017-06-30 0000822416 2018-06-30 0000822416 phm:ConsolidatedandUnconsolidatedVIEsMember 2018-09-30 0000822416 phm:ConsolidatedandUnconsolidatedVIEsMember 2017-12-31 0000822416 phm:OtherLandOptionAgreementsMember 2017-12-31 0000822416 phm:OtherLandOptionAgreementsMember 2018-09-30 0000822416 2017-05-03 0000822416 2017-05-03 2017-05-03 0000822416 srt:MinimumMember 2017-01-01 2017-09-30 0000822416 srt:MinimumMember us-gaap:MeasurementInputDiscountRateMember 2017-01-01 2017-09-30 0000822416 srt:MaximumMember 2017-01-01 2017-09-30 0000822416 srt:MaximumMember us-gaap:MeasurementInputDiscountRateMember 2017-01-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:FloridaMember 2018-07-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:TexasMember 2017-01-01 2017-09-30 0000822416 phm:SoutheastMember 2017-07-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:MidWestMember 2018-01-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:TexasMember 2018-07-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:MidWestMember 2017-07-01 2017-09-30 0000822416 phm:OtherHomebuildingMember 2018-07-01 2018-09-30 0000822416 phm:FinancialServicesMember 2017-01-01 2017-09-30 0000822416 phm:MidWestMember 2018-07-01 2018-09-30 0000822416 phm:FloridaMember 2017-01-01 2017-09-30 0000822416 us-gaap:HomeBuildingMember 2017-07-01 2017-09-30 0000822416 phm:SoutheastMember 2018-01-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:FloridaMember 2017-07-01 2017-09-30 0000822416 phm:NortheastMember 2018-07-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:FloridaMember 2018-01-01 2018-09-30 0000822416 phm:MidWestMember 2018-01-01 2018-09-30 0000822416 us-gaap:HomeBuildingMember 2018-07-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:FloridaMember 2017-01-01 2017-09-30 0000822416 phm:NortheastMember 2017-01-01 2017-09-30 0000822416 phm:SouthwestMember 2018-01-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:SouthwestMember 2018-01-01 2018-09-30 0000822416 phm:TexasMember 2017-07-01 2017-09-30 0000822416 phm:NortheastMember 2017-07-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:SoutheastMember 2017-01-01 2017-09-30 0000822416 phm:FloridaMember 2017-07-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:SoutheastMember 2018-01-01 2018-09-30 0000822416 phm:FloridaMember 2018-01-01 2018-09-30 0000822416 phm:FinancialServicesMember 2018-07-01 2018-09-30 0000822416 phm:MidWestMember 2017-07-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:TexasMember 2017-07-01 2017-09-30 0000822416 phm:TexasMember 2017-01-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:SouthwestMember 2017-01-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:SouthwestMember 2017-07-01 2017-09-30 0000822416 phm:SouthwestMember 2018-07-01 2018-09-30 0000822416 phm:FloridaMember 2018-07-01 2018-09-30 0000822416 phm:MidWestMember 2017-01-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:MidWestMember 2018-07-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:TexasMember 2018-01-01 2018-09-30 0000822416 phm:SouthwestMember 2017-01-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:SouthwestMember 2018-07-01 2018-09-30 0000822416 phm:SoutheastMember 2018-07-01 2018-09-30 0000822416 phm:NortheastMember 2018-01-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:NortheastMember 2018-01-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:NortheastMember 2017-07-01 2017-09-30 0000822416 us-gaap:HomeBuildingMember 2018-01-01 2018-09-30 0000822416 us-gaap:HomeBuildingMember 2017-01-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:SoutheastMember 2017-07-01 2017-09-30 0000822416 phm:SouthwestMember 2017-07-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:MidWestMember 2017-01-01 2017-09-30 0000822416 phm:TexasMember 2018-07-01 2018-09-30 0000822416 phm:OtherHomebuildingMember 2018-01-01 2018-09-30 0000822416 phm:FinancialServicesMember 2017-07-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:SoutheastMember 2018-07-01 2018-09-30 0000822416 phm:SoutheastMember 2017-01-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:NortheastMember 2017-01-01 2017-09-30 0000822416 phm:OtherHomebuildingMember 2017-07-01 2017-09-30 0000822416 phm:TexasMember 2018-01-01 2018-09-30 0000822416 phm:OtherHomebuildingMember 2017-01-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:NortheastMember 2018-07-01 2018-09-30 0000822416 phm:FinancialServicesMember 2018-01-01 2018-09-30 0000822416 us-gaap:HomeBuildingMember 2018-09-30 0000822416 phm:SouthwestMember 2018-09-30 0000822416 phm:OtherHomebuildingMember 2017-12-31 0000822416 phm:SouthwestMember 2017-12-31 0000822416 phm:NortheastMember 2018-09-30 0000822416 phm:FloridaMember 2018-09-30 0000822416 phm:NortheastMember 2017-12-31 0000822416 phm:TexasMember 2017-12-31 0000822416 phm:TexasMember 2018-09-30 0000822416 phm:OtherHomebuildingMember 2018-09-30 0000822416 phm:SoutheastMember 2017-12-31 0000822416 phm:FinancialServicesMember 2017-12-31 0000822416 phm:MidWestMember 2018-09-30 0000822416 phm:FloridaMember 2017-12-31 0000822416 phm:MidWestMember 2017-12-31 0000822416 phm:FinancialServicesMember 2018-09-30 0000822416 phm:SoutheastMember 2018-09-30 0000822416 us-gaap:HomeBuildingMember 2017-12-31 0000822416 phm:TexasMemberMember 2017-01-01 2017-09-30 0000822416 phm:MidwestMemberMember 2018-01-01 2018-09-30 0000822416 phm:MidwestMemberMember 2017-01-01 2017-09-30 0000822416 phm:MidwestMemberMember 2017-07-01 2017-09-30 0000822416 phm:TexasMemberMember 2018-07-01 2018-09-30 0000822416 phm:WestMemberMember 2017-07-01 2017-09-30 0000822416 phm:WestMemberMember 2018-01-01 2018-09-30 0000822416 phm:WestMemberMember 2017-01-01 2017-09-30 0000822416 phm:MidwestMemberMember 2018-07-01 2018-09-30 0000822416 phm:TexasMemberMember 2018-01-01 2018-09-30 0000822416 phm:WestMemberMember 2018-07-01 2018-09-30 0000822416 phm:TexasMemberMember 2017-07-01 2017-09-30 0000822416 phm:UnsecuredSeniorNotes7875DueJune2032Member us-gaap:SeniorNotesMember 2018-09-30 0000822416 phm:UnsecuredSeniorNotes7875DueJune2032Member us-gaap:SeniorNotesMember 2017-12-31 0000822416 phm:UnsecuredSeniorNotes600DueFebruary2035Member us-gaap:SeniorNotesMember 2017-12-31 0000822416 phm:A5.500unsecuredseniornotesdueMarch2026Member us-gaap:SeniorNotesMember 2017-12-31 0000822416 phm:UnsecuredSeniorNotes600DueFebruary2035Member us-gaap:SeniorNotesMember 2018-09-30 0000822416 phm:A4.250unsecuredseniornotesdueMarch2021Member us-gaap:SeniorNotesMember 2018-09-30 0000822416 phm:SeniorUnsecuredTermLoanMaturingJanuary32027MemberDomain us-gaap:SeniorNotesMember 2018-09-30 0000822416 phm:A5.500unsecuredseniornotesdueMarch2026Member us-gaap:SeniorNotesMember 2018-09-30 0000822416 phm:UnsecuredSeniorNotes6375DueMay2033Member us-gaap:SeniorNotesMember 2018-09-30 0000822416 phm:UnsecuredSeniorNotes6375DueMay2033Member us-gaap:SeniorNotesMember 2017-12-31 0000822416 phm:SeniorUnsecuredTermLoanMaturingJanuary32027MemberDomain us-gaap:SeniorNotesMember 2017-12-31 0000822416 phm:A4.250unsecuredseniornotesdueMarch2021Member us-gaap:SeniorNotesMember 2017-12-31 0000822416 us-gaap:LineOfCreditMember phm:FinancialServicesMember 2018-09-30 0000822416 phm:DebtInstrumentEffectivePeriodPeriodFourMember us-gaap:LineOfCreditMember phm:FinancialServicesMember 2018-09-30 0000822416 us-gaap:RevolvingCreditFacilityMember 2018-01-01 2018-09-30 0000822416 phm:RevolvingCreditFacilityAccordionFeatureMember 2018-09-30 0000822416 phm:RevolvingCreditFacilityAccordionFeatureMember 2017-10-13 0000822416 phm:DebtInstrumentEffectivePeriodPeriodThreeMember us-gaap:LineOfCreditMember phm:FinancialServicesMember 2018-09-30 0000822416 phm:DebtInstrumentEffectivePeriodPeriodOneMember us-gaap:LineOfCreditMember phm:FinancialServicesMember 2018-09-30 0000822416 us-gaap:LineOfCreditMember phm:FinancialServicesMember 2017-12-31 0000822416 srt:MaximumMember 2018-09-30 0000822416 phm:DebtInstrumentEffectivePeriodPeriodTwoMember us-gaap:LineOfCreditMember phm:FinancialServicesMember 2018-09-30 0000822416 us-gaap:RevolvingCreditFacilityMember 2018-09-30 0000822416 phm:UnconsolidatedJointVenturesMember 2018-09-30 0000822416 us-gaap:RevolvingCreditFacilityMember 2017-12-31 0000822416 phm:ShareswithheldtopaytaxesMember 2017-01-01 2017-09-30 0000822416 phm:SharerepurchaseplanMember 2017-01-01 2017-09-30 0000822416 phm:ShareswithheldtopaytaxesMember 2018-01-01 2018-09-30 0000822416 phm:SharerepurchaseplanMember 2018-01-01 2018-09-30 0000822416 phm:SharerepurchaseplanMember 2018-09-30 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:LoanPurchaseCommitmentsMember 2017-12-31 0000822416 us-gaap:LandMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2018-09-30 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember phm:LandHeldForSaleMember 2017-12-31 0000822416 us-gaap:LandMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2017-12-31 0000822416 us-gaap:FairValueInputsLevel2Member 2017-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:InterestRateLockCommitmentsMember 2017-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForwardContractsMember 2018-09-30 0000822416 us-gaap:FairValueInputsLevel2Member 2018-09-30 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageMember 2017-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:InterestRateLockCommitmentsMember 2018-09-30 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember phm:LandHeldForSaleMember 2018-09-30 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageMember 2018-09-30 0000822416 us-gaap:FairValueInputsLevel1Member 2017-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForwardContractsMember 2017-12-31 0000822416 us-gaap:FairValueInputsLevel1Member 2018-09-30 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:LoanPurchaseCommitmentsMember 2018-09-30 0000822416 us-gaap:OtherAssetsMember 2018-09-30 0000822416 us-gaap:OtherAssetsMember 2017-12-31 0000822416 srt:ParentCompanyMember 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember 2018-09-30 0000822416 srt:NonGuarantorSubsidiariesMember 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember 2017-12-31 0000822416 srt:NonGuarantorSubsidiariesMember 2017-12-31 0000822416 srt:ParentCompanyMember 2017-12-31 0000822416 srt:GuarantorSubsidiariesMember 2017-12-31 0000822416 srt:GuarantorSubsidiariesMember 2018-01-01 2018-09-30 0000822416 srt:NonGuarantorSubsidiariesMember 2018-01-01 2018-09-30 0000822416 srt:ParentCompanyMember 2018-01-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember 2018-01-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:LandMember 2017-01-01 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember 2017-01-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember 2017-01-01 2017-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:FinancialServiceMember 2017-01-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:LandMember 2017-01-01 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:RealEstateMember 2017-01-01 2017-09-30 0000822416 us-gaap:IntersegmentEliminationMember 2017-01-01 2017-09-30 0000822416 srt:ParentCompanyMember us-gaap:FinancialServiceMember 2017-01-01 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:LandMember 2017-01-01 2017-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:HomeBuildingMember 2017-01-01 2017-09-30 0000822416 srt:ParentCompanyMember 2017-01-01 2017-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:RealEstateMember 2017-01-01 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2017-01-01 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2017-01-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2017-01-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2017-01-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:RealEstateMember 2017-01-01 2017-09-30 0000822416 srt:ParentCompanyMember us-gaap:RealEstateMember 2017-01-01 2017-09-30 0000822416 srt:ParentCompanyMember us-gaap:HomeBuildingMember 2017-01-01 2017-09-30 0000822416 srt:ParentCompanyMember us-gaap:LandMember 2017-01-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:LandMember 2018-01-01 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2018-01-01 2018-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2018-01-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:RealEstateMember 2018-01-01 2018-09-30 0000822416 srt:ParentCompanyMember us-gaap:FinancialServiceMember 2018-01-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:LandMember 2018-01-01 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2018-01-01 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:LandMember 2018-01-01 2018-09-30 0000822416 srt:ParentCompanyMember us-gaap:LandMember 2018-01-01 2018-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2018-01-01 2018-09-30 0000822416 srt:ParentCompanyMember us-gaap:HomeBuildingMember 2018-01-01 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:RealEstateMember 2018-01-01 2018-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:RealEstateMember 2018-01-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:HomeBuildingMember 2018-01-01 2018-09-30 0000822416 srt:ParentCompanyMember us-gaap:RealEstateMember 2018-01-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:FinancialServiceMember 2018-01-01 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2017-07-01 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:LandMember 2017-07-01 2017-09-30 0000822416 srt:ParentCompanyMember 2017-07-01 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:RealEstateMember 2017-07-01 2017-09-30 0000822416 us-gaap:IntersegmentEliminationMember 2017-07-01 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2017-07-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember 2017-07-01 2017-09-30 0000822416 srt:ParentCompanyMember us-gaap:RealEstateMember 2017-07-01 2017-09-30 0000822416 srt:ParentCompanyMember us-gaap:FinancialServiceMember 2017-07-01 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember 2017-07-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:RealEstateMember 2017-07-01 2017-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:LandMember 2017-07-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2017-07-01 2017-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:HomeBuildingMember 2017-07-01 2017-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:FinancialServiceMember 2017-07-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:LandMember 2017-07-01 2017-09-30 0000822416 srt:ParentCompanyMember us-gaap:LandMember 2017-07-01 2017-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:RealEstateMember 2017-07-01 2017-09-30 0000822416 srt:ParentCompanyMember us-gaap:HomeBuildingMember 2017-07-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2017-07-01 2017-09-30 0000822416 srt:ParentCompanyMember us-gaap:HomeBuildingMember 2018-07-01 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember 2018-07-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:HomeBuildingMember 2018-07-01 2018-09-30 0000822416 srt:ParentCompanyMember 2018-07-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:RealEstateMember 2018-07-01 2018-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2018-07-01 2018-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:LandMember 2018-07-01 2018-09-30 0000822416 srt:NonGuarantorSubsidiariesMember 2018-07-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember 2018-07-01 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2018-07-01 2018-09-30 0000822416 srt:ParentCompanyMember us-gaap:LandMember 2018-07-01 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:LandMember 2018-07-01 2018-09-30 0000822416 srt:ParentCompanyMember us-gaap:RealEstateMember 2018-07-01 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2018-07-01 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:RealEstateMember 2018-07-01 2018-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:RealEstateMember 2018-07-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:FinancialServiceMember 2018-07-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:LandMember 2018-07-01 2018-09-30 0000822416 srt:ParentCompanyMember us-gaap:FinancialServiceMember 2018-07-01 2018-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2018-07-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember 2016-12-31 0000822416 srt:NonGuarantorSubsidiariesMember 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember 2016-12-31 0000822416 srt:ParentCompanyMember 2016-12-31 0000822416 srt:ParentCompanyMember 2017-09-30 0000822416 us-gaap:IntersegmentEliminationMember 2016-12-31 phm:home phm:community xbrli:shares phm:lot iso4217:USD xbrli:pure iso4217:USD xbrli:shares phm:segment phm:claim



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2018

or

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number 1-9804 

PULTEGROUP, INC.
(Exact name of registrant as specified in its charter) 
MICHIGAN
 
38-2766606
(State or other jurisdiction of
incorporation or organization)
 
(I.R.S. Employer
Identification No.)

3350 Peachtree Road NE, Suite 150
Atlanta, Georgia 30326
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (404) 978-6400

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    YES  [X]   NO  [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). YES  [X]   NO  [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer  [X]
  
Accelerated filer  [ ]
  
Non-accelerated filer [ ]  
  
Smaller reporting company [ ]
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  
YES [ ]  NO  [X]

Number of common shares outstanding as of October 18, 2018: 280,861,332

1

PULTEGROUP, INC.
TABLE OF CONTENTS

 
 
Page
No.
PART I
 
 
 
 
Item 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Item 2
 
 
 
Item 3
 
 
 
Item 4
 
 
 
PART II
 
 
 
Item 2
 
 
 
Item 6
 
 
 
 
 






2

PART I. FINANCIAL INFORMATION

Item 1.      Financial Statements

PULTEGROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
($000’s omitted)
 
 
September 30,
2018
 
December 31,
2017
 
(Unaudited)
 
(Note)
ASSETS
 
 
 
 
 
 
 
Cash and equivalents
$
728,631

 
$
272,683

Restricted cash
30,381

 
33,485

Total cash, cash equivalents, and restricted cash
759,012

 
306,168

House and land inventory
7,489,454

 
7,147,130

Land held for sale
65,905

 
68,384

Residential mortgage loans available-for-sale
349,784

 
570,600

Investments in unconsolidated entities
54,278

 
62,957

Other assets
797,976

 
745,123

Intangible assets
130,642

 
140,992

Deferred tax assets, net
408,029

 
645,295

 
$
10,055,080

 
$
9,686,649

 
 
 
 
LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
 
 
 
 
Liabilities:
 
 
 
Accounts payable
$
465,833

 
$
393,815

Customer deposits
342,376

 
250,779

Accrued and other liabilities
1,251,518

 
1,356,333

Income tax liabilities
10,324

 
86,925

Financial Services debt
250,733

 
437,804

Notes payable
3,005,418

 
3,006,967

 
5,326,202

 
5,532,623

Shareholders' equity
4,728,878

 
4,154,026

 
$
10,055,080

 
$
9,686,649


Note: The Condensed Consolidated Balance Sheet at December 31, 2017 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements.


See accompanying Notes to Condensed Consolidated Financial Statements.


3

PULTEGROUP, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(000’s omitted, except per share data)
(Unaudited)
 
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Revenues:
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
Home sale revenues
$
2,572,236

 
$
2,055,891

 
$
6,933,888

 
$
5,606,953

Land sale and other revenues
25,510

 
28,215

 
104,971

 
39,848

 
2,597,746

 
2,084,106

 
7,038,859

 
5,646,801

Financial Services
51,620

 
46,952

 
150,322

 
135,995

Total revenues
2,649,366

 
2,131,058

 
7,189,181

 
5,782,796

 
 
 
 
 
 
 
 
Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
Home sale cost of revenues
(1,954,160
)
 
(1,564,605
)
 
(5,276,232
)
 
(4,332,221
)
Land sale cost of revenues
(22,060
)
 
(25,123
)
 
(71,791
)
 
(115,950
)
 
(1,976,220
)
 
(1,589,728
)
 
(5,348,023
)
 
(4,448,171
)
 
 
 
 
 
 
 
 
Financial Services expenses
(32,213
)
 
(29,304
)
 
(96,650
)
 
(86,150
)
Selling, general, and administrative expenses
(252,757
)
 
(237,495
)
 
(719,706
)
 
(689,974
)
Other expense, net
(3,488
)
 
(6,282
)
 
(6,753
)
 
(28,439
)
Income before income taxes
384,688

 
268,249

 
1,018,049

 
530,062

Income tax expense
(95,153
)
 
(90,710
)
 
(233,674
)
 
(160,255
)
Net income
$
289,535

 
$
177,539

 
$
784,375

 
$
369,807

 
 
 
 
 
 
 
 
Per share:
 
 
 
 
 
 
 
Basic earnings
$
1.01

 
$
0.59

 
$
2.72

 
$
1.18

Diluted earnings
$
1.01

 
$
0.58

 
$
2.71

 
$
1.18

Cash dividends declared
$
0.09

 
$
0.09

 
$
0.27

 
$
0.27

 
 
 
 
 
 
 
 
Number of shares used in calculation:



 
 
 
 
Basic
283,489

 
298,538

 
285,127

 
309,453

Effect of dilutive securities
1,183

 
1,690

 
1,301

 
1,861

Diluted
284,672

 
300,228

 
286,428

 
311,314




See accompanying Notes to Condensed Consolidated Financial Statements.


4

PULTEGROUP, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
($000’s omitted)
(Unaudited)

 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Net income
$
289,535

 
$
177,539

 
$
784,375

 
$
369,807

 
 
 
 
 
 
 
 
Other comprehensive income, net of tax:
 
 
 
 
 
 
 
Change in value of derivatives
25

 
20

 
75

 
61

Other comprehensive income
25

 
20

 
75

 
61

 
 
 
 
 
 
 
 
Comprehensive income
$
289,560

 
$
177,559

 
$
784,450

 
$
369,868






See accompanying Notes to Condensed Consolidated Financial Statements.


5


PULTEGROUP, INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(000's omitted, except per share data)
(Unaudited)
 
Common Stock
 
Additional
Paid-in
Capital
 
Accumulated
Other
Comprehensive
Income
(Loss)
 
Retained
Earnings
 
Total
Shares
 
$
 
Shareholders' Equity, January 1, 2018
286,752

 
$
2,868

 
$
3,171,542

 
$
(445
)
 
$
980,061

 
$
4,154,026

Cumulative effect of accounting change (see Note 1)
—

 
—

 
—

 
—

 
22,411

 
22,411

Stock option exercises
514

 
5

 
5,457

 
—

 
—

 
5,462

Share issuances, net of cancellations
874

 
9

 
3,474

 
—

 
—

 
3,483

Dividends declared
—

 
—

 
—

 
—

 
(77,673
)
 
(77,673
)
Share repurchases
(6,073
)
 
(61
)
 
(284
)
 
—

 
(179,094
)
 
(179,439
)
Share-based compensation
—

 
—

 
16,158

 
—

 

 
16,158

Net income
—

 
—

 
—

 
—

 
784,375

 
784,375

Other comprehensive income
—

 
—

 
—

 
75

 
—

 
75

Shareholders' Equity, September 30, 2018
282,067

 
$
2,821

 
$
3,196,347

 
$
(370
)
 
$
1,530,080

 
$
4,728,878

 
 
 
 
 
 
 
 
 
 
 
 
Shareholders' Equity, January 1, 2017
319,090

 
$
3,191

 
$
3,116,490

 
$
(526
)
 
$
1,540,208

 
$
4,659,363

Cumulative effect of accounting change
—

 
—

 
(406
)
 
—

 
18,643

 
18,237

Stock option exercises
1,954

 
20

 
22,745

 
—

 
—

 
22,765

Share issuances, net of cancellations
741

 
10

 
3,555

 
—

 
—

 
3,565

Dividends declared
—

 
—

 
—

 
—

 
(83,685
)
 
(83,685
)
Share repurchases
(27,849
)
 
(281
)
 
—

 
—

 
(665,531
)
 
(665,812
)
Share-based compensation
—

 
—

 
20,784

 
—

 
—

 
20,784

Net income
—

 
—

 
—

 
—

 
369,807

 
369,807

Other comprehensive income
—

 
—

 
—

 
61

 
—

 
61

Shareholders' Equity, September 30, 2017
293,936

 
$
2,940

 
$
3,163,168

 
$
(465
)
 
$
1,179,442

 
$
4,345,085



See accompanying Notes to Condensed Consolidated Financial Statements.

6

PULTEGROUP, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
($000’s omitted)
(Unaudited)
 
Nine Months Ended
 
September 30,
 
2018
 
2017
Cash flows from operating activities:
 
 
 
Net income
$
784,375

 
$
369,807

Adjustments to reconcile net income to net cash from operating activities:
 
 
 
Deferred income tax expense
230,335

 
127,856

Land-related charges
13,973


131,254

Depreciation and amortization
36,717

 
38,689

Share-based compensation expense
21,521

 
26,505

Other, net
(3,466
)
 
(1,438
)
Increase (decrease) in cash due to:
 
 
 
Inventories
(263,734
)
 
(758,006
)
Residential mortgage loans available-for-sale
218,900

 
173,148

Other assets
(22,117
)
 
22,120

Accounts payable, accrued and other liabilities
(1,524
)
 
122,544

Net cash provided by (used in) operating activities
1,014,980

 
252,479

Cash flows from investing activities:
 
 
 
Capital expenditures
(46,529
)
 
(23,548
)
Investments in unconsolidated entities
(1,000
)
 
(22,007
)
Other investing activities, net
15,545

 
5,788

Net cash provided by (used in) investing activities
(31,984
)
 
(39,767
)
Cash flows from financing activities:
 
 
 
Repayments of debt
(82,655
)
 
(7,001
)
Borrowings under revolving credit facility
1,566,000

 
971,000

Repayments under revolving credit facility
(1,566,000
)
 
(888,000
)
Financial Services borrowings (repayments)
(187,071
)
 
(85,797
)
Debt issuance costs
(8,165
)
 
—

Stock option exercises
5,462

 
22,765

Share repurchases
(179,439
)
 
(665,812
)
Dividends paid
(78,284
)
 
(86,018
)
Net cash provided by (used in) financing activities
(530,152
)
 
(738,863
)
Net increase (decrease) in cash, cash equivalents, and restricted cash
452,844

 
(526,151
)
Cash, cash equivalents, and restricted cash at beginning of period
306,168

 
723,248

Cash, cash equivalents, and restricted cash at end of period
$
759,012

 
$
197,097

 
 
 
 
Supplemental Cash Flow Information:
 
 
 
Interest paid (capitalized), net
$
16,747

 
$
11,516

Income taxes paid, net
$
88,544

 
$
17,206



See accompanying Notes to Condensed Consolidated Financial Statements.

7

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)


1. Basis of presentation

PulteGroup, Inc. is one of the largest homebuilders in the United States ("U.S."), and our common shares trade on the New York Stock Exchange under the ticker symbol “PHM”. Unless the context otherwise requires, the terms "PulteGroup", the "Company", "we", "us", and "our" used herein refer to PulteGroup, Inc. and its subsidiaries. While our subsidiaries engage primarily in the homebuilding business, we also engage in mortgage banking operations, conducted through Pulte Mortgage LLC (“Pulte Mortgage”), title services, and insurance brokerage operations.

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal, recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the interim periods presented are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with our consolidated financial statements and footnotes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2017.

Use of estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Reclassifications

Certain prior period amounts have been reclassified to conform to the current year presentation.

Subsequent events

We evaluated subsequent events up until the time the financial statements were filed with the Securities and Exchange Commission (the "SEC").

Other expense, net

Other expense, net consists of the following ($000’s omitted): 
 
Three Months Ended
 
Nine Months Ended
September 30,
 
September 30,
2018
 
2017
 
2018
 
2017
Write-offs of deposits and pre-acquisition costs
$
(3,136
)
 
$
(2,680
)
 
$
(7,398
)
 
$
(9,397
)
Amortization of intangible assets
(3,450
)
 
(3,450
)
 
(10,350
)
 
(10,350
)
Interest income
1,842

 
485

 
3,240

 
1,917

Interest expense
(152
)
 
(101
)
 
(460
)
 
(371
)
Equity in earnings (loss) of unconsolidated entities (a)
886

 
415

 
2,112

 
(4,154
)
Miscellaneous, net
522

 
(951
)
 
6,103

 
(6,084
)
Total other expense, net
$
(3,488
)
 
$
(6,282
)
 
$
(6,753
)
 
$
(28,439
)


(a)
Includes an $8.0 million impairment of an investment in an unconsolidated entity in the nine months ended September 30, 2017 (see Note 2).


8

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

Revenue recognition

Home sale revenues - Home sale revenues and related profit are generally recognized when title to and possession of the home are transferred to the buyer at the home closing date. Our performance obligation to deliver the agreed-upon home is generally satisfied in less than one year from the original contract date. Home sale contract assets consist of cash from home closings held in escrow for our benefit, typically for less than five days, which are considered deposits in-transit and classified as cash. Contract liabilities include customer deposit liabilities related to sold but undelivered homes, which totaled $342.4 million and $250.8 million at September 30, 2018 and December 31, 2017, respectively. Substantially all of our home sales are scheduled to close and be recorded to revenue within one year from the date of receiving a customer deposit. See Note 8 for information on warranties and related obligations.

Land sale revenues - We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land sales are generally outright sales of specified land parcels with cash consideration due on the closing date, which is generally when performance obligations are satisfied. During the nine months ended September 30, 2018, we closed on a number of land sale transactions that generated gains totaling $28.9 million, as the proceeds from the sales exceeded the cost basis of the land. Substantially all performance obligations related to these transactions were satisfied at closing.

Financial services revenues - Loan origination fees, commitment fees, and certain direct loan origination costs are recognized as incurred. Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment. Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. Interest income is accrued from the date a mortgage loan is originated until the loan is sold. Mortgage servicing fees represent fees earned for servicing loans for various investors. Servicing fees are based on a contractual percentage of the outstanding principal balance and are credited to income when related mortgage payments are received or the sub-servicing fees are earned.

Revenues associated with our title operations are recognized as closing services are rendered and title insurance policies are issued, both of which generally occur as each home is closed. Insurance brokerage commissions relate to commissions on homeowner and other insurance policies placed with third party carriers through various agency channels. Our performance obligations for policy renewal commissions are satisfied upon issuance of the initial policy, and related contract assets for estimated future renewal commissions are included in other assets and totaled $30.4 million at September 30, 2018. Contract assets totaling $27.7 million were recognized on January 1, 2018, in conjunction with the adoption of Accounting Standards Codification ("ASC") 606, "Revenue from Contracts with Customers" ("ASC 606"). Refer to "New accounting pronouncements" within Note 1 for further discussion.

Earnings per share

Basic earnings per share is computed by dividing income available to common shareholders (the “Numerator”) by the weighted-average number of common shares outstanding, adjusted for unvested shares (the “Denominator”) for the period. Computing diluted earnings per share is similar to computing basic earnings per share, except that the Denominator is increased to include the dilutive effects of stock options, unvested restricted shares, unvested restricted share units, and other potentially dilutive instruments. Any stock options that have an exercise price greater than the average market price are considered to be anti-dilutive and are excluded from the diluted earnings per share calculation.

In accordance with ASC 260 "Earnings Per Share", the two-class method determines earnings per share for each class of common stock and participating securities according to an earnings allocation formula that adjusts the Numerator for dividends or dividend equivalents and participation rights in undistributed earnings. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and, therefore, are included in computing earnings per share pursuant to the two-class method. Our outstanding restricted share awards, restricted share units, and deferred shares are considered participating securities. The following table presents the earnings per common share (000's omitted, except per share data):

9

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

 
Three Months Ended
 
Nine Months Ended
September 30,
 
September 30,
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
Net income
$
289,535

 
$
177,539

 
$
784,375

 
$
369,807

Less: earnings distributed to participating securities
(279
)
 
(294
)
 
(874
)
 
(899
)
Less: undistributed earnings allocated to participating securities
(2,871
)
 
(1,645
)
 
(7,752
)
 
(2,837
)
Numerator for basic earnings per share
$
286,385

 
$
175,600

 
$
775,749

 
$
366,071

Add back: undistributed earnings allocated to participating securities
2,871

 
1,645

 
7,752

 
2,837

Less: undistributed earnings reallocated to participating securities
(2,859
)
 
(1,636
)
 
(7,724
)
 
(2,820
)
Numerator for diluted earnings per share
$
286,397

 
$
175,609

 
$
775,777

 
$
366,088

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Basic shares outstanding
283,489

 
298,538

 
285,127

 
309,453

Effect of dilutive securities
1,183

 
1,690

 
1,301

 
1,861

Diluted shares outstanding
284,672

 
300,228

 
286,428

 
311,314

 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
Basic
$
1.01

 
$
0.59

 
$
2.72

 
$
1.18

Diluted
$
1.01

 
$
0.58

 
$
2.71

 
$
1.18



Residential mortgage loans available-for-sale

Substantially all of the loans originated by us are sold in the secondary mortgage market within a short period of time after origination, generally within 30 days. At September 30, 2018 and December 31, 2017, residential mortgage loans available-for-sale had an aggregate fair value of $349.8 million and $570.6 million, respectively, and an aggregate outstanding principal balance of $341.8 million and $553.5 million, respectively. The net gain (loss) resulting from changes in fair value of these loans totaled $(0.7) million and $0.7 million for the three months ended September 30, 2018 and 2017, respectively, and $(1.0) million and $(3.4) million for the nine months ended September 30, 2018 and 2017, respectively. These changes in fair value were substantially offset by changes in the fair value of corresponding hedging instruments. Net gains from the sale of mortgages were $27.8 million and $27.1 million for the three months ended September 30, 2018 and 2017, respectively, and $83.9 million and $80.1 million for the nine months ended September 30, 2018 and 2017, respectively, and have been included in Financial Services revenues.

Derivative instruments and hedging activities

We are party to interest rate lock commitments ("IRLCs") with customers resulting from our mortgage origination operations. At September 30, 2018 and December 31, 2017, we had aggregate IRLCs of $434.9 million and $210.9 million, respectively, which were originated at interest rates prevailing at the date of commitment. Since we can terminate a loan commitment if the borrower does not comply with the terms of the contract, and some loan commitments may expire without being drawn upon, these commitments do not necessarily represent future cash requirements. We evaluate the creditworthiness of these transactions through our normal credit policies.

We hedge our exposure to interest rate market risk relating to residential mortgage loans available-for-sale and IRLCs using forward contracts on mortgage-backed securities, which are commitments to either purchase or sell a specified financial instrument at a specified future date for a specified price, and whole loan investor commitments, which are obligations of an investor to buy loans at a specified price within a specified time period. Forward contracts on mortgage-backed securities are the predominant derivative financial instruments we use to minimize market risk during the period from the time we extend an interest rate lock to a loan applicant until the time the loan is sold to an investor. At September 30, 2018 and December 31, 2017, we had unexpired forward contracts of $579.0 million and $522.0 million, respectively, and whole loan investor

10

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

commitments of $171.4 million and $203.1 million, respectively. Changes in the fair value of IRLCs and other derivative financial instruments are recognized in Financial Services revenues, and the fair values are reflected in other assets or other liabilities, as applicable.

There are no credit-risk-related contingent features within our derivative agreements, and counterparty risk is considered minimal. Gains and losses on IRLCs and residential mortgage loans available-for-sale are substantially offset by corresponding gains or losses on forward contracts on mortgage-backed securities and whole loan investor commitments. We are generally not exposed to variability in cash flows of derivative instruments for more than approximately 60 days. The fair values of derivative instruments and their locations in the Condensed Consolidated Balance Sheets are summarized below ($000’s omitted):
 
 
September 30, 2018
 
December 31, 2017
 
Other Assets
 
Accrued and Other Liabilities
 
Other Assets
 
Accrued and Other Liabilities
Interest rate lock commitments
$
10,536

 
$
1,275

 
$
5,990

 
$
407

Forward contracts
2,865

 
239

 
432

 
817

Whole loan commitments
943

 
326

 
794

 
941

 
$
14,344

 
$
1,840

 
$
7,216

 
$
2,165



New accounting pronouncements

On January 1, 2018, we adopted ASC 606, which is a comprehensive new revenue recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services and satisfaction of performance obligations to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. We applied the modified retrospective method to contracts that were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported under the previous accounting standards. We recorded a net increase to opening retained earnings of $22.4 million, net of tax, as of January 1, 2018, due to the cumulative impact of adopting ASC 606, with the impact primarily related to the recognition of contract assets for insurance brokerage commission renewals. There was not a material impact to revenues as a result of applying ASC 606 for the nine months ended September 30, 2018, and there have not been significant changes to our business processes, systems, or internal controls as a result of implementing the standard.

We adopted Accounting Standards Update ("ASU") No. 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments" ("ASU 2016-15"), as of January 1, 2018, on a retrospective basis. ASU 2016-15 addresses several specific cash flow issues. The adoption of ASU 2016-15 had no effect on our financial statements.

ASC 842, "Leases", becomes effective for us for annual and interim periods beginning January 1, 2019. The standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application. While the recognition of right-of-use assets and related liabilities will have a material effect on our consolidated balance sheets, we do not expect a material impact on our consolidated statements of operations or cash flows. We continue to evaluate the full impact of the new standard, including the impact on our business processes, systems, and internal controls.

In June 2016, the Financial Accounting Standards Board ("FASB") issued ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments", which changes the impairment model for most financial assets and certain other instruments from an "incurred loss" approach to a new "expected credit loss" methodology. The standard is effective for us for annual and interim periods beginning January 1, 2020, with early adoption permitted, and requires full retrospective application on adoption. We are currently evaluating the impact the standard will have on our financial statements.

In January 2017, the FASB issued ASU No. 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment", which removes the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. Under the new standard, goodwill impairment will now be determined by evaluating the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The standard is effective for us for annual and interim periods beginning January 1, 2020, with early adoption permitted, and applied prospectively. We do not expect the standard to have a material impact on our financial statements.

11

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

2. Inventory

Major components of inventory were as follows ($000’s omitted): 
 
September 30,
2018
 
December 31,
2017
Homes under construction
$
2,992,687

 
$
2,421,405

Land under development
4,002,007

 
4,135,814

Raw land
494,760

 
589,911

 
$
7,489,454

 
$
7,147,130



We capitalize interest cost into inventory during the active development and construction of our communities. In all periods presented, we capitalized all Homebuilding interest costs into inventory because the level of our active inventory exceeded our debt levels. Information related to interest capitalized into inventory is as follows ($000’s omitted):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Interest in inventory, beginning of period
$
243,627

 
$
212,850

 
$
226,611

 
$
186,097

Interest capitalized
42,743

 
46,077

 
130,474

 
135,949

Interest expensed
(43,583
)
 
(36,381
)
 
(114,298
)
 
(99,500
)
Interest in inventory, end of period
$
242,787

 
$
222,546

 
$
242,787

 
$
222,546



Land option agreements

We enter into land option agreements in order to procure land for the construction of homes in the future. Pursuant to these land option agreements, we generally provide a deposit to the seller as consideration for the right to purchase land at different times in the future, usually at predetermined prices. Such contracts enable us to defer acquiring portions of properties owned by third parties or unconsolidated entities until we have determined whether and when to exercise our option, which reduces our financial risks associated with long-term land holdings. Option deposits and pre-acquisition costs (such as environmental testing, surveys, engineering, and entitlement costs) are capitalized if the costs are directly identifiable with the land under option, the costs would be capitalized if we owned the land, and acquisition of the property is probable. Such costs are reflected in other assets and are reclassified to inventory upon taking title to the land. We write off deposits and pre-acquisition costs when it becomes probable that we will not go forward with the project or recover the capitalized costs. Such decisions take into consideration changes in local market conditions, the timing of required land purchases, the availability and best use of necessary incremental capital, and other factors. We record any such write-offs of deposits and pre-acquisition costs within other expense, net.

If an entity holding the land under option is a variable interest entity ("VIE"), our deposit represents a variable interest in that entity. No VIEs required consolidation at either September 30, 2018 or December 31, 2017 because we determined that we were not the VIEs' primary beneficiary. Our maximum exposure to loss related to these VIEs is generally limited to our deposits and pre-acquisition costs under the land option agreements.


12

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

The following provides a summary of our interests in land option agreements as of September 30, 2018 and December 31, 2017 ($000’s omitted):
 
 
September 30, 2018
 
December 31, 2017
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
Land options with VIEs
$
85,173

 
$
1,167,087

 
$
78,889

 
$
977,480

Other land options
159,395

 
1,571,768

 
129,098

 
1,485,099

 
$
244,568

 
$
2,738,855

 
$
207,987

 
$
2,462,579



Land-related charges
We incurred the following land-related charges in the second quarter of 2017 ($000's omitted):
 
Statement of Operations Classification
 
 
 
 
 
Net realizable value adjustments ("NRV") - land held for sale
Land sale cost of revenues
 
$
81,006

Land inventory impairments
Home sale cost of revenues
 
31,487

Impairments of unconsolidated entities
Other expense, net
 
8,017

Write-offs of deposits and pre-acquisition costs
Other expense, net
 
5,063

Total land-related charges
 
 
$
125,573



We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. The NRV adjustments outlined above resulted primarily from a plan we announced in May 2017 to sell select non-core and underutilized land parcels following a strategic review of our land portfolio, pursuant to which it was determined that we would sell certain inactive land parcels, representing approximately 17 communities and 4,600 lots. These land parcels were located in diverse geographic areas and no longer fit into our strategic plans. The land parcels identified for sale included: land requiring significant additional development spend that would not yield suitable returns; land in excess of near-term need; and land entitled for certain product types inconsistent with our primary offerings. As a consequence of the change in strategy with respect to the future use of these land parcels, we recorded NRV adjustments totaling $81.0 million relating to inventory with a pre-NRV carrying value of $151.0 million. The estimated fair values of these inactive land parcels held for sale were generally based on comparisons to market comparable transactions, letters of intent, active negotiations with market participants, or similar market-based information supplemented in certain instances by estimated future net cash flows discounted for inherent risk associated with each underlying asset.

Land inventory impairments relate to communities that are either active or that we intend to eventually open and build out. As part of the May 2017 strategic review, we decided to accelerate the monetization of two small communities primarily through a combination of changing the product offerings and lowering the sales prices within the communities. This decision resulted in land impairments of $31.5 million in the second quarter of 2017.

We determine the fair value of a community's inventory, and any related impairments, using a combination of discounted cash flow models and market comparable transactions, where available. These estimated cash flows are significantly impacted by estimates related to expected average selling prices, expected sales paces, expected land development and construction timelines, and anticipated land development, construction, and overhead costs. The assumptions used in the discounted cash flow models are specific to each community, which may be located in a variety of geographic markets, and offer homes at sales prices reflective of the product offering and market. Accordingly, determining the fair value of a community's inventory involves a number of variables, many of which are interrelated.


13

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

The table below summarizes certain quantitative unobservable inputs utilized in determining the fair value of the assets for which the impairments were recorded in the second quarter of 2017:
 
Range
Average selling price ($000s)
 
$253
to
$461
Sales pace per quarter (units)
 
5
to
9
Discount rate
 
18%
to
25%


Our evaluations for impairments are based on our best estimates of the future cash flows to be generated from our communities. Due to uncertainties in the estimation process, the significant volatility in demand for new housing, the long life cycles of many communities, and potential changes in our strategy related to certain communities, actual results could differ significantly from such estimates.

3. Segment information

Our Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the U.S. and the construction of housing on such land. For reporting purposes, our Homebuilding operations are aggregated into six reportable segments:
Northeast:
 
Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia
Southeast:
 
Georgia, North Carolina, South Carolina, Tennessee
Florida:
 
Florida
Midwest:
 
Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio
Texas:
 
Texas
West:
 
Arizona, California, Nevada, New Mexico, Washington


We also have a reportable segment for our Financial Services operations, which consist principally of mortgage banking and title operations and operate generally in the same markets as the Homebuilding segments.


14

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

 
Operating Data by Segment
($000’s omitted)
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Revenues:
 
 
 
 
 
 
 
Northeast
$
185,614

 
$
168,371

 
$
518,676

 
$
425,275

Southeast
451,600

 
393,905

 
1,271,730

 
1,104,149

Florida
506,670

 
338,078

 
1,311,016

 
1,015,795

Midwest
412,803

 
406,126

 
1,066,775

 
1,008,617

Texas
347,986

 
269,997

 
925,317

 
793,207

West
693,073

 
507,629

 
1,945,345

 
1,299,758

 
2,597,746

 
2,084,106

 
7,038,859

 
5,646,801

Financial Services
51,620

 
46,952

 
150,322

 
135,995

Consolidated revenues
$
2,649,366

 
$
2,131,058

 
$
7,189,181

 
$
5,782,796

 
 
 
 
 
 
 
 
Income (loss) before income taxes (a):
 
 
 
 
 
 
 
Northeast
$
18,938

 
$
21,046

 
$
53,408

 
$
(12,803
)
Southeast
51,920

 
45,109

 
146,735

 
117,749

Florida (b)
73,802

 
52,191

 
186,238

 
132,824

Midwest
52,438

 
59,636

 
123,889

 
115,463

Texas
55,382

 
42,727

 
136,777

 
122,045

West (c)
138,698

 
75,753

 
382,317

 
107,987

Other homebuilding (d)
(26,123
)
 
(45,999
)
 
(65,497
)
 
(103,441
)
 
365,055

 
250,463

 
963,867

 
479,824

Financial Services
19,633

 
17,786

 
54,182

 
50,238

Consolidated income before income taxes
$
384,688

 
$
268,249

 
$
1,018,049

 
$
530,062



(a)
Includes land-related charges, as summarized in the table below.
(b)
Florida includes a warranty charge of $12.3 million for the nine months ended September 30, 2017 related to a closed-out community (see Note 8).
(c)
West includes gains of $26.4 million related to two land sale transactions in California in the nine months ended September 30, 2018.
(d)
Other homebuilding includes the amortization of intangible assets and capitalized interest and other items not allocated to the operating segments. Other homebuilding also includes insurance reserve reversals of $37.9 million and $19.8 million for the nine months ended September 30, 2018 and 2017, respectively, and write-offs of $5.3 million and $20.3 million of insurance receivables associated with the resolution of certain insurance matters in the three and nine months ended September 30, 2017, respectively (see Note 8).

15

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

 
Operating Data by Segment
($000’s omitted)
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Land-related charges*:
 
 
 
 
 
 
 
Northeast
$
1,385

 
$
1,184

 
$
3,068

 
$
51,102

Southeast
663

 
889

 
2,394

 
1,847

Florida
262

 
109

 
671

 
8,862

Midwest
4,960

 
(393
)
 
6,078

 
7,703

Texas
47

 
51

 
317

 
898

West
425

 
306

 
786

 
56,747

Other homebuilding
391

 
—

 
659

 
4,095

 
$
8,133

 
$
2,146

 
$
13,973

 
$
131,254


*
Land-related charges include land impairments, net realizable value adjustments on land held for sale, impairments of investments in unconsolidated entities, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue (see Note 2). Other homebuilding consists primarily of write-offs of capitalized interest related to such land-related charges.


16

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

 
Operating Data by Segment
 
($000's omitted)
 
September 30, 2018
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
339,103

 
$
256,014

 
$
84,066

 
$
679,183

 
$
809,194

Southeast
497,241

 
645,915

 
79,846

 
1,223,002

 
1,388,798

Florida
528,092

 
885,220

 
73,209

 
1,486,521

 
1,632,772

Midwest
366,559

 
426,349

 
27,375

 
820,283

 
904,671

Texas
333,250

 
424,500

 
88,376

 
846,126

 
917,529

West
871,553

 
1,093,490

 
121,685

 
2,086,728

 
2,280,912

Other homebuilding (a)
56,889

 
270,519

 
20,203

 
347,611

 
1,658,881

 
2,992,687

 
4,002,007

 
494,760

 
7,489,454

 
9,592,757

Financial Services
—

 
—

 
—

 
—

 
462,323

 
$
2,992,687

 
$
4,002,007

 
$
494,760

 
$
7,489,454

 
$
10,055,080

 
 
 
 
 
 
 
 
 
 
 
Operating Data by Segment
 
($000's omitted)
 
December 31, 2017
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
234,413

 
$
327,599

 
$
73,574

 
$
635,586

 
$
791,511

Southeast
433,411

 
613,626

 
121,238

 
1,168,275

 
1,287,992

Florida
359,651

 
876,856

 
109,069

 
1,345,576

 
1,481,837

Midwest
299,896

 
476,694

 
28,482

 
805,072

 
877,282

Texas
251,613

 
435,018

 
87,392

 
774,023

 
859,847

West
798,706

 
1,137,940

 
147,493

 
2,084,139

 
2,271,328

Other homebuilding (a)
43,715

 
268,081

 
22,663

 
334,459

 
1,469,234

 
2,421,405

 
4,135,814

 
589,911

 
7,147,130

 
9,039,031

Financial Services
—

 
—

 
—

 
—

 
647,618

 
$
2,421,405

 
$
4,135,814

 
$
589,911

 
$
7,147,130

 
$
9,686,649


 
(a)
Other homebuilding primarily includes cash and equivalents, capitalized interest, intangibles, deferred tax assets, and other corporate items that are not allocated to the operating segments.

4. Debt

Notes payable

Our senior notes are summarized as follows ($000’s omitted):
 
September 30,
2018
 
December 31,
2017
4.250% unsecured senior notes due March 2021 (a)
$
700,000

 
$
700,000

5.500% unsecured senior notes due March 2026 (a)
700,000

 
700,000

5.000% unsecured senior notes due January 2027 (a)
600,000

 
600,000

7.875% unsecured senior notes due June 2032 (a)
300,000

 
300,000

6.375% unsecured senior notes due May 2033 (a)
400,000

 
400,000

6.000% unsecured senior notes due February 2035 (a)
300,000

 
300,000

Net premiums, discounts, and issuance costs (b)
(13,200
)
 
(13,057
)
Total senior notes
2,986,800

 
2,986,943

Other notes payable
18,618

 
20,024

Notes payable
$
3,005,418

 
$
3,006,967

Estimated fair value
$
2,959,080

 
$
3,263,774



(a)
Redeemable prior to maturity; guaranteed on a senior basis by certain wholly-owned subsidiaries.
(b)
The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes.

Other notes payable include non-recourse and limited recourse collateralized notes with third parties that totaled $18.6 million and $20.0 million at September 30, 2018 and December 31, 2017, respectively. These notes have maturities ranging up to three years, are secured by the applicable land positions to which they relate, and have no recourse to any other assets. The stated interest rates on these notes range up to 8.01%.


17

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

Revolving credit facility

In June 2018, we entered into the Second Amended and Restated Credit Agreement ("Revolving Credit Facility") which replaced the Company's previous credit agreement. The Revolving Credit Facility contains substantially similar terms to the previous credit agreement and extended the maturity date from June 2019 to June 2023. The Revolving Credit Facility has a maximum borrowing capacity of $1.0 billion and contains an uncommitted accordion feature that could increase the capacity to $1.5 billion, subject to certain conditions and availability of additional bank commitments. The Revolving Credit Facility also provides for the issuance of letters of credit that reduce the available borrowing capacity under the Revolving Credit Facility, with a sublimit of $500.0 million at September 30, 2018. The interest rate on borrowings under the Revolving Credit Facility may be based on either the London Interbank Offered Rate ("LIBOR") or a base rate plus an applicable margin, as defined therein. We had no borrowings outstanding at September 30, 2018 and December 31, 2017, and $219.6 million and $235.5 million of letters of credit issued under the Revolving Credit Facility at September 30, 2018 and December 31, 2017, respectively.

The Revolving Credit Facility contains financial covenants that require us to maintain a minimum Tangible Net Worth, a minimum Interest Coverage Ratio, and a maximum Debt-to-Capitalization Ratio (as each term is defined in the Revolving Credit Facility). As of September 30, 2018, we were in compliance with all covenants. Our available and unused borrowings
under the Revolving Credit Facility, net of outstanding letters of credit, amounted to $780.4 million and $764.5 million at September 30, 2018 and December 31, 2017, respectively.

Joint venture debt

At September 30, 2018, aggregate outstanding debt of unconsolidated joint ventures was $49.5 million, of which $49.4 million was related to one joint venture in which we have a 50% interest. In connection with this loan, we and our joint venture partner provided customary limited recourse guaranties under which our maximum financial loss exposure is limited to our pro rata share of the debt outstanding. The limited guaranties include, but are not limited to: (i) completion of certain aspects of the project, (ii) an environmental indemnity provided to the lender, and (iii) an indemnification of the lender from certain "bad boy acts" of the joint venture.

Financial Services debt

Pulte Mortgage maintains a master repurchase agreement with third party lenders. In August 2018, Pulte Mortgage entered into an amended and restated repurchase agreement (the “Repurchase Agreement”) that extended the effective date to August 2019. The maximum aggregate commitment is $400.0 million at September 30, 2018, which increases to $520.0 million during the seasonally high borrowing period from December 26, 2018 through January 14, 2019. At all other times, the maximum aggregate commitment ranges from $240.0 million to $400.0 million. The purpose of changes in capacity during the term of the agreement is to lower associated fees during seasonally lower volume periods of mortgage origination activity. Borrowings under the Repurchase Agreement are secured by residential mortgage loans available-for-sale. The Repurchase Agreement contains various affirmative and negative covenants applicable to Pulte Mortgage, including quantitative thresholds related to net worth, net income, and liquidity. Pulte Mortgage had $250.7 million and $437.8 million outstanding under the Repurchase Agreement at September 30, 2018 and December 31, 2017, respectively, and was in compliance with all of its covenants and requirements as of such dates.

5. Shareholders’ equity

During the nine months ended September 30, 2018, we declared cash dividends totaling $77.7 million and repurchased 5.8 million shares under our repurchase authorization for $172.1 million. For the nine months ended September 30, 2017, we declared cash dividends totaling $83.7 million and repurchased 27.8 million shares under our repurchase authorization for $659.8 million. At September 30, 2018, we had remaining authorization to repurchase $422.4 million of common shares.

Under our share-based compensation plans, we accept shares as payment under certain conditions related to stock option exercises and vesting of shares, generally related to the payment of minimum tax obligations. During the nine months ended September 30, 2018 and 2017, participants surrendered shares valued at $7.4 million and $6.0 million, respectively, under these plans. Such share transactions are excluded from the above noted share repurchase authorization.


18

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

6. Income taxes

Our effective tax rate for the three and nine months ended September 30, 2018 was 24.7% and 23.0%, respectively, compared to 33.8% and 30.2%, respectively, for the same periods in 2017. For the three months ended September 30, 2018, our effective tax rate differs from the federal statutory rate primarily due to state income tax expense on current year earnings. For the nine months ended September 30, 2018, our effective tax rate differs from the federal statutory rate primarily due to state income tax expense on current year earnings, tax benefits due to Internal Revenue Service acceptance of an accounting method change applicable to the 2017 tax year, energy credits, and tax law changes. For the same periods in the prior year, our effective tax rate differed from the federal statutory rate primarily due to state income tax expense on current year earnings, the favorable resolution of certain state income tax matters, the domestic production activities deduction, and tax law changes. Our effective tax rates for the three and nine months ended September 30, 2018 are lower than the prior year periods primarily due to the federal statutory rate reduction from 35% in 2017 to 21% in 2018 due to the Tax Cuts and Jobs Act (the “Tax Act”), which was enacted on December 22, 2017.

We have not fully completed our accounting for the income tax effects of the Tax Act. As discussed in the SEC Staff Accounting Bulletin No. 118, the accounting for the Tax Act should be completed within one year from the Tax Act enactment. During the three and nine months ended September 30, 2018, we have made no material adjustments to the provisional amounts recorded at December 31, 2017. Adjustments to the provisional amounts recorded at December 31, 2017 will be reflected upon the completion of our accounting for the Tax Act.

At September 30, 2018 and December 31, 2017, we had deferred tax assets, net of deferred tax liabilities and valuation allowance, of $408.0 million and $645.3 million, respectively. The accounting for deferred taxes is based upon estimates of future results. Differences between estimated and actual results could result in changes in the valuation of deferred tax assets that could have a material impact on our consolidated results of operations or financial position. Changes in existing tax laws could also affect actual tax results and the realization of deferred tax assets over time.

Unrecognized tax benefits represent the difference between tax positions taken or expected to be taken in a tax return and the benefits recognized for financial statement purposes. At September 30, 2018 and December 31, 2017, we had $20.7 million and $48.6 million, respectively, of gross unrecognized tax benefits and $5.4 million and $4.9 million, respectively, of related accrued interest and penalties. It is reasonably possible within the next twelve months that our gross unrecognized tax benefits may decrease by up to $12.0 million, excluding interest and penalties, primarily due to potential audit settlements.


19

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

7. Fair value disclosures

ASC 820, “Fair Value Measurements and Disclosures,” provides a framework for measuring fair value in generally accepted accounting principles and establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The fair value hierarchy can be summarized as follows: 
Level 1
 
Fair value determined based on quoted prices in active markets for identical assets or liabilities.
 
 
Level 2
 
Fair value determined using significant observable inputs, generally either quoted prices in active markets for similar assets or liabilities or quoted prices in markets that are not active.
 
 
Level 3
 
Fair value determined using significant unobservable inputs, such as pricing models, discounted cash flows, or similar techniques.

Our assets and liabilities measured or disclosed at fair value are summarized below ($000’s omitted): 
Financial Instrument
 
Fair Value
Hierarchy
 
Fair Value
September 30,
2018
 
December 31,
2017
 
 
 
 
 
 
 
Measured at fair value on a recurring basis:
 
 
 
 
 
 
Residential mortgage loans available-for-sale
 
Level 2
 
$
349,784

 
$
570,600

Interest rate lock commitments
 
Level 2
 
9,261

 
5,583

Forward contracts
 
Level 2
 
2,626

 
(385
)
Whole loan commitments
 
Level 2
 
617

 
(147
)
 
 
 
 
 
 
 
Measured at fair value on a non-recurring basis:
 
 
 
 
 
 
House and land inventory
 
Level 3
 
$
4,447

 
$
11,045

Land held for sale
 
Level 2
 
6,651

 
8,600

 
 
 
 
 
 
 
Disclosed at fair value:
 
 
 
 
 
 
Cash, cash equivalents, and restricted cash
 
Level 1
 
$
759,012

 
$
306,168

Financial Services debt
 
Level 2
 
250,733

 
437,804

Other notes payable
 
Level 2
 
18,618

 
20,024

Senior notes payable
 
Level 2
 
2,940,462

 
3,243,750



Fair values for agency residential mortgage loans available-for-sale are determined based on quoted market prices for comparable instruments. Fair values for non-agency residential mortgage loans available-for-sale are determined based on purchase commitments from whole loan investors and other relevant market information available to management. Fair values for interest rate lock commitments, including the value of servicing rights, and forward contracts on mortgage-backed securities are valued based on market prices for similar instruments. Fair values for whole loan commitments are based on market prices for similar instruments from the specific whole loan investor.

Certain assets are required to be recorded at fair value on a non-recurring basis when events and circumstances indicate that the carrying value may not be recoverable. The non-recurring fair values included in the above table represent only those assets whose carrying values were adjusted to fair value as of the respective balance sheet dates. See Note 2 for the valuation techniques and inputs applied in determining the fair value of house and land inventory and land held for sale.

The carrying amounts of cash and equivalents, Financial Services debt, and other notes payable approximate their fair values due to their short-term nature and/or floating interest rate terms. The fair values of senior notes are based on quoted market prices, when available. If quoted market prices are not available, fair values are based on quoted market prices of similar issues. The carrying value of senior notes was $3.0 billion at both September 30, 2018 and December 31, 2017.

20

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)


8. Commitments and contingencies

Loan origination liabilities

Our mortgage operations may be responsible for losses associated with mortgage loans originated and sold to investors in the event of errors or omissions relating to representations and warranties made by us that the loans met certain requirements, including representations as to underwriting standards, the existence of primary mortgage insurance, and the validity of certain borrower representations in connection with the loan. In addition, certain trustees and investors continue to attempt to collect damages based on losses from loans that originated prior to 2009. Some of our mortgage subsidiaries are currently defendants in litigation related to such claims.

Our recorded liabilities for all such claims totaled $34.4 million and $34.6 million at September 30, 2018 and December 31, 2017, respectively. Determining the liabilities for anticipated losses requires a significant level of management judgment. Given the nature of these claims and the uncertainty regarding their ultimate resolution, actual costs could differ from our current estimates.

Letters of credit and surety bonds

In the normal course of business, we post letters of credit and surety bonds pursuant to certain performance-related obligations, as security for certain land option agreements, and under various insurance programs. The majority of these letters of credit and surety bonds are in support of our land development and construction obligations to various municipalities, other government agencies, and utility companies related to the construction of roads, sewers, and other infrastructure. We had outstanding letters of credit and surety bonds totaling $219.6 million and $1.2 billion, respectively, at September 30, 2018 and $235.5 million and $1.2 billion, respectively, at December 31, 2017. In the event any such letter of credit or surety bond is drawn, we would be obligated to reimburse the issuer of the letter of credit or surety bond. We do not believe that a material amount, if any, of the letters of credit or surety bonds will be drawn. Our surety bonds generally do not have stated expiration dates; rather we are released from the surety bonds as the underlying contractual performance is completed. Because significant construction and development work has been performed related to projects that have not yet received final acceptance by the respective counterparties, the aggregate amount of surety bonds outstanding is in excess of the projected cost of the remaining work to be performed.

Litigation and regulatory matters

We are involved in various litigation and legal claims in the normal course of our business operations, including actions brought on behalf of various classes of claimants. We are also subject to a variety of local, state, and federal laws and regulations related to land development activities, house construction standards, sales practices, mortgage lending operations, employment practices, and protection of the environment. As a result, we are subject to periodic examination or inquiry by various governmental agencies that administer these laws and regulations.

We establish liabilities for legal claims and regulatory matters when such matters are both probable of occurring and any potential loss is reasonably estimable. We accrue for such matters based on the facts and circumstances specific to each matter and revise these estimates as the matters evolve. In such cases, there may exist an exposure to loss in excess of any amounts currently accrued. In view of the inherent difficulty of predicting the outcome of these legal and regulatory matters, we generally cannot predict the ultimate resolution of the pending matters, the related timing, or the eventual loss. While the outcome of such contingencies cannot be predicted with certainty, we do not believe that the resolution of such matters will have a material adverse impact on our results of operations, financial position, or cash flows. However, to the extent the liability arising from the ultimate resolution of any matter exceeds the estimates reflected in the recorded reserves relating to such matter, we could incur additional charges that could be significant.


21

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

Allowance for warranties

Home purchasers are provided with a limited warranty against certain building defects, including a one-year comprehensive limited warranty and coverage for certain other aspects of the home’s construction and operating systems for periods of up to and, in limited instances, exceeding 10 years. We estimate the costs to be incurred under these warranties and record liabilities in the amount of such costs at the time product revenue is recognized. Factors that affect our warranty liabilities include the number of homes sold, historical and anticipated rates of warranty claims, and the cost per claim. We periodically assess the adequacy of the warranty liabilities for each geographic market in which we operate and adjust the amounts as necessary. Actual warranty costs in the future could differ from the current estimates. Changes to warranty liabilities were as follows ($000’s omitted):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Warranty liabilities, beginning of period
$
72,169

 
$
73,353

 
$
72,709

 
$
66,134

Reserves provided
18,376

 
12,286

 
46,022

 
35,374

Payments
(15,993
)
 
(14,679
)
 
(47,403
)
 
(43,594
)
Other adjustments (a)
638

 
265

 
3,862

 
13,311

Warranty liabilities, end of period
$
75,190

 
$
71,225

 
$
75,190

 
$
71,225



(a)
During the nine months ended September 30, 2017, we recognized a charge of $12.3 million related to estimated costs to complete repairs in a closed-out community in Florida.

Self-insured risks

We maintain, and require our subcontractors to maintain, general liability insurance coverage. We also maintain builders' risk, property, errors and omissions, workers' compensation, and other business insurance coverage. These insurance policies protect us against a portion of the risk of loss from claims. However, we retain a significant portion of the overall risk for such claims either through policies issued by our captive insurance subsidiaries or through our own self-insured per occurrence and aggregate retentions, deductibles, and claims in excess of available insurance policy limits.

Our general liability insurance includes coverage for certain construction defects. While construction defect claims can relate to a variety of circumstances, the majority of our claims relate to alleged problems with siding, plumbing, foundations and other concrete work, windows, roofing, and heating, ventilation and air conditioning systems. The availability of general liability insurance for the homebuilding industry and its subcontractors has become increasingly limited, and the insurance policies available require us to maintain significant per occurrence and aggregate retention levels. In certain instances, we may offer our subcontractors the opportunity to purchase insurance through one of our captive insurance subsidiaries or participate in a project-specific insurance program provided by us. Policies issued by our captive insurance subsidiaries represent self-insurance of these risks by us. This self-insured exposure is limited by reinsurance policies that we purchase. General liability coverage for the homebuilding industry is complex, and our coverage varies from policy year to policy year. Our insurance coverage requires a per occurrence deductible up to an overall aggregate retention level. Beginning with the first dollar, amounts paid to satisfy insured claims apply to our per occurrence and aggregate retention obligations. Any amounts incurred in excess of the occurrence or aggregate retention levels are covered by insurance up to our purchased coverage levels. Our insurance policies, including the captive insurance subsidiaries' reinsurance policies, are maintained with highly-rated underwriters for whom we believe counterparty default risk is not significant.

At any point in time, we are managing over 1,000 individual claims related to general liability, property, errors and omissions, workers' compensation, and other business insurance coverage. We reserve for costs associated with such claims (including expected claims management expenses) on an undiscounted basis at the time revenue is recognized for each home closing and evaluate the recorded liabilities based on actuarial analyses of our historical claims. The actuarial analyses calculate estimates of the ultimate net cost of all unpaid losses, including estimates for incurred but not reported losses ("IBNR"). IBNR represents losses related to claims incurred but not yet reported plus development on reported claims.

Our recorded reserves for all such claims totaled $726.5 million and $758.8 million at September 30, 2018 and December 31, 2017, respectively, the vast majority of which relate to general liability claims. The recorded reserves include

22

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

loss estimates related to both (i) existing claims and related claim expenses and (ii) IBNR and related claim expenses. Liabilities related to IBNR and related claim expenses represented approximately 62% and 65% of the total general liability reserves at September 30, 2018 and December 31, 2017, respectively. The actuarial analyses that determine the IBNR portion of reserves consider a variety of factors, including the frequency and severity of losses, which are based on our historical claims experience supplemented by industry data. The actuarial analyses of the reserves also consider historical third party recovery rates and claims management expenses.

Housing market conditions have been volatile across most of our markets over the past ten years, and we believe such conditions can affect the frequency and cost of construction defect claims. Additionally, IBNR estimates comprise the majority of our liability and are subject to a high degree of uncertainty due to a variety of factors, including changes in claims reporting and resolution patterns, third party recoveries, insurance industry practices, the regulatory environment, and legal precedent. State regulations vary, but construction defect claims are reported and resolved over an extended period often exceeding ten years. Changes in the frequency and timing of reported claims and estimates of specific claim values can impact the underlying inputs and trends utilized in the actuarial analyses, which could have a material impact on the recorded reserves. Additionally, the amount of insurance coverage available for each policy period also impacts our recorded reserves. Because of the inherent uncertainty in estimating future losses and the timing of such losses related to these claims, actual costs could differ significantly from estimated costs.

Adjustments to reserves are recorded in the period in which the change in estimate occurs. We reduced general liability reserves by $37.9 million and $19.8 million during the nine months ended September 30, 2018 and September 30, 2017, respectively. These reductions were the result of changes in estimates driven by claim experience being less than anticipated in previous actuarial projections. These changes in actuarial estimates did not involve any changes in actuarial methodology but did impact the development of estimates for future periods, which resulted in adjustments to the IBNR portion of our recorded liabilities.

Costs associated with our insurance programs are classified within selling, general, and administrative expenses. Changes in these liabilities were as follows ($000's omitted):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Balance, beginning of period
$
725,482

 
$
814,756

 
$
758,812

 
$
831,058

Reserves provided, net
24,106

 
24,361

 
67,001

 
62,970

Adjustments to previously recorded reserves (a)
(5,065
)
 
(511
)
 
(40,133
)
 
(22,304
)
Payments, net (b)
(18,026
)
 
(13,981
)
 
(59,183
)
 
(47,099
)
Balance, end of period
$
726,497

 
$
824,625

 
$
726,497

 
$
824,625



(a)
Includes general liability reserve reversals of $37.9 million and $19.8 million for the nine months ended September 30, 2018 and September 30, 2017, respectively.
(b)
Includes net changes in amounts expected to be recovered from our insurance carriers, which are recorded in other assets (see below).

In certain instances, we have the ability to recover a portion of our costs under various insurance policies or from subcontractors or other third parties. Estimates of such amounts are recorded when recovery is considered probable. Such receivables are recorded in other assets and totaled $151.2 million and $213.4 million at September 30, 2018 and December 31, 2017, respectively. The insurance receivables relate to costs incurred to perform corrective repairs, settle claims with customers, and other costs related to the continued progression of construction defect claims that we believe are insured. Given the complexity inherent with resolving construction defect claims in the homebuilding industry as described above, there generally exists a significant lag between our payment of claims and our reimbursements from applicable insurance carriers. In addition, disputes between homebuilders and carriers over coverage positions relating to construction defect claims are common. Resolution of claims with carriers involves the exchange of significant amounts of information and frequently involves legal action.


23

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

During the nine months ended September 30, 2017, we wrote-off $20.3 million of insurance receivables in conjunction with settling insurance policies with multiple carriers covering multiple years. At September 30, 2018, we are the plaintiff in an arbitration proceeding with one of our insurance carriers in regard to $21.5 million of recorded insurance receivables relating to the applicability of coverage to such costs under its policy. We believe collection of our recorded insurance receivables, including those in litigation, is probable based on the legal merits of our positions after review by legal counsel, the high credit ratings of our carriers, and our long history of collecting significant amounts of insurance reimbursements under similar insurance policies related to similar claims. While the outcomes of these matters cannot be predicted with certainty, we do not believe that the resolution of such matters will have a material adverse impact on our results of operations, financial position, or cash flows.

9. Supplemental Guarantor information

All of our senior notes are guaranteed jointly and severally on a senior basis by certain of our wholly-owned Homebuilding subsidiaries and certain other wholly-owned subsidiaries (collectively, the “Guarantors”). Such guaranties are full and unconditional. Our subsidiaries comprising the Financial Services segment along with certain other subsidiaries (collectively, the "Non-Guarantor Subsidiaries") do not guarantee the senior notes. In accordance with Rule 3-10 of Regulation S-X, supplemental consolidating financial information of the Company, including such information for the Guarantors, is presented below. Investments in subsidiaries are presented using the equity method of accounting.



24

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

 CONDENSED CONSOLIDATING BALANCE SHEET
SEPTEMBER 30, 2018
($000’s omitted)
 
Unconsolidated
 
Eliminating
Entries
 
Consolidated
PulteGroup,
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
ASSETS
 
 
 
 
 
 
 
 
 
Cash and equivalents
$
—


$
674,271


$
54,360


$
—


$
728,631

Restricted cash
—


28,996


1,385


—


30,381

Total cash, cash equivalents, and
restricted cash
—


703,267


55,745


—


759,012

House and land inventory
—


7,392,748


96,706


—


7,489,454

Land held for sale
—


65,905


—


—


65,905

Residential mortgage loans available-
for-sale
—


—


349,784


—


349,784

Investments in unconsolidated entities
—


53,732


546


—


54,278

Other assets
24,202


601,877


171,897


—


797,976

Intangible assets



130,642


—


—


130,642

Deferred tax assets, net
415,836


—


(7,807
)

—


408,029

Investments in subsidiaries and
intercompany accounts, net
7,354,045


314,402


8,185,180


(15,853,627
)

—


$
7,794,083


$
9,262,573


$
8,852,051


$
(15,853,627
)

$
10,055,080

LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable, customer deposits,
accrued and other liabilities
$
68,081


$
1,746,660


$
244,986


$
—


$
2,059,727

Income tax liabilities
10,324


—


—


—


10,324

Financial Services debt
—


—


250,733


—


250,733

Notes payable
2,986,800


17,962


656


—


3,005,418

Total liabilities
3,065,205


1,764,622


496,375


—


5,326,202

Total shareholders’ equity
4,728,878


7,497,951


8,355,676


(15,853,627
)

4,728,878


$
7,794,083


$
9,262,573


$
8,852,051


$
(15,853,627
)

$
10,055,080



25

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

CONDENSED 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




26

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
For the three months ended September 30, 2018
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
2,535,930

 
$
36,306

 
$
—

 
$
2,572,236

Land sale and other revenues
—

 
25,266

 
244

 
—

 
25,510

 
—

 
2,561,196

 
36,550

 
—

 
2,597,746

Financial Services
—

 
—

 
51,620

 
—

 
51,620

 
—

 
2,561,196

 
88,170

 
—

 
2,649,366

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(1,928,365
)
 
(25,795
)
 
—

 
(1,954,160
)
Land sale cost of revenues
—

 
(22,060
)
 


 
—

 
(22,060
)
 
—

 
(1,950,425
)
 
(25,795
)
 
—

 
(1,976,220
)
Financial Services expenses
—

 
(130
)
 
(32,083
)
 
—

 
(32,213
)
Selling, general, and administrative
expenses
—

 
(245,776
)
 
(6,981
)
 
—

 
(252,757
)
Other income (expense), net
(120
)
 
(12,398
)
 
9,030

 
—

 
(3,488
)
Intercompany interest
(2,158
)
 


 
2,158

 
—

 
—

Income (loss) before income taxes and
equity in income (loss) of
subsidiaries
(2,278
)
 
352,467

 
34,499

 
—

 
384,688

Income tax (expense) benefit
609

 
(88,368
)
 
(7,394
)
 
—

 
(95,153
)
Income (loss) before equity in income
(loss) of subsidiaries
(1,669
)
 
264,099

 
27,105

 
—

 
289,535

Equity in income (loss) of subsidiaries
291,204

 
25,094

 
190,161

 
(506,459
)
 
—

Net income (loss)
289,535

 
289,193

 
217,266

 
(506,459
)
 
289,535

Other comprehensive income
25

 
—

 
—

 
—

 
25

Comprehensive income (loss)
$
289,560

 
$
289,193

 
$
217,266

 
$
(506,459
)
 
$
289,560



27

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
For the three months ended September 30, 2017
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
2,032,391

 
$
23,500

 
$
—

 
$
2,055,891

Land sale and other revenues
—

 
27,954

 
261

 
—

 
28,215

 
—

 
2,060,345

 
23,761

 
—

 
2,084,106

Financial Services
—

 
—

 
46,952

 
—

 
46,952

 
—

 
2,060,345

 
70,713

 
—

 
2,131,058

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(1,545,712
)
 
(18,893
)
 
—

 
(1,564,605
)
Land sale cost of revenues
—

 
(24,896
)
 
(227
)
 
—

 
(25,123
)
 
—

 
(1,570,608
)
 
(19,120
)
 
—

 
(1,589,728
)
Financial Services expenses
—

 
(121
)
 
(29,183
)
 
—

 
(29,304
)
Selling, general, and administrative
expenses
—

 
(225,845
)
 
(11,650
)
 
—

 
(237,495
)
Other income (expense), net
(96
)
 
(12,670
)
 
6,484

 
—

 
(6,282
)
Intercompany interest
(756
)
 
—

 
756

 
—

 
—

Income (loss) before income taxes and
equity in income (loss) of
subsidiaries
(852
)
 
251,101

 
18,000

 
—

 
268,249

Income tax (expense) benefit
945

 
(84,666
)
 
(6,989
)
 
—

 
(90,710
)
Income before equity in income
of subsidiaries
93

 
166,435

 
11,011

 
—

 
177,539

Equity in income (loss) of subsidiaries
177,446

 
18,040

 
114,564

 
(310,050
)
 
—

Net income (loss)
177,539

 
184,475

 
125,575

 
(310,050
)
 
177,539

Other comprehensive income
20

 
—

 
—

 
—

 
20

Comprehensive income (loss)
$
177,559

 
$
184,475

 
$
125,575

 
$
(310,050
)
 
$
177,559

















28

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
For the nine months ended September 30, 2018
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
6,852,430

 
$
81,458

 
$
—

 
$
6,933,888

Land sale and other revenues
—

 
103,243

 
1,728

 
—

 
104,971

 
—

 
6,955,673

 
83,186

 
—

 
7,038,859

Financial Services
—

 
—

 
150,322

 
—

 
150,322

 
—

 
6,955,673

 
233,508

 
—

 
7,189,181

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(5,214,408
)
 
(61,824
)
 
—

 
(5,276,232
)
Land sale cost of revenues
—

 
(70,774
)
 
(1,017
)
 
—

 
(71,791
)
 
—

 
(5,285,182
)
 
(62,841
)
 
—

 
(5,348,023
)
Financial Services expenses
—

 
(405
)
 
(96,245
)
 
—

 
(96,650
)
Selling, general, and administrative
expenses
—

 
(699,311
)
 
(20,395
)
 
—

 
(719,706
)
Other income (expense), net
(458
)
 
(33,436
)
 
27,141

 
—

 
(6,753
)
Intercompany interest
(5,710
)
 
—

 
5,710

 
—

 
—

Income (loss) before income taxes and
equity in income (loss) of
subsidiaries
(6,168
)
 
937,339

 
86,878

 
—

 
1,018,049

Income tax (expense) benefit
1,543

 
(213,876
)
 
(21,341
)
 
—

 
(233,674
)
Income (loss) before equity in income
(loss) of subsidiaries
(4,625
)
 
723,463

 
65,537

 
—

 
784,375

Equity in income (loss) of subsidiaries
789,000

 
62,162

 
559,184

 
(1,410,346
)
 
—

Net income (loss)
784,375

 
785,625

 
624,721

 
(1,410,346
)
 
784,375

Other comprehensive income
75

 
—

 
—

 
—

 
75

Comprehensive income (loss)
$
784,450

 
$
785,625

 
$
624,721

 
$
(1,410,346
)
 
$
784,450


29

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
For the nine months ended September 30, 2017
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
5,554,349

 
$
52,604

 
$
—

 
$
5,606,953

Land sale and other revenues
—

 
37,268

 
2,580

 
—

 
39,848

 
—

 
5,591,617

 
55,184

 
—

 
5,646,801

Financial Services
—

 
—

 
135,995

 
—

 
135,995

 
—

 
5,591,617

 
191,179

 
—

 
5,782,796

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(4,288,754
)
 
(43,467
)
 
—

 
(4,332,221
)
Land sale cost of revenues
—

 
(113,899
)
 
(2,051
)
 
—

 
(115,950
)
 
—

 
(4,402,653
)
 
(45,518
)
 
—

 
(4,448,171
)
Financial Services expenses
—

 
(384
)
 
(85,766
)
 
—

 
(86,150
)
Selling, general, and administrative
expenses
—

 
(653,930
)
 
(36,044
)
 
—

 
(689,974
)
Other income (expense), net
(354
)
 
(49,436
)
 
21,351

 
—

 
(28,439
)
Intercompany interest
(1,634
)
 
—

 
1,634

 
—

 
—

Income (loss) before income taxes and
equity in income (loss) of
subsidiaries
(1,988
)
 
485,214

 
46,836

 
—

 
530,062

Income tax (expense) benefit
1,377

 
(143,324
)
 
(18,308
)
 
—

 
(160,255
)
Income (loss) before equity in income
(loss) of subsidiaries
(611
)
 
341,890

 
28,528

 
—

 
369,807

Equity in income (loss) of subsidiaries
370,418

 
36,307

 
197,494

 
(604,219
)
 
—

Net income (loss)
369,807

 
378,197

 
226,022

 
(604,219
)
 
369,807

Other comprehensive income
61

 
—

 
—

 
—

 
61

Comprehensive income (loss)
$
369,868

 
$
378,197

 
$
226,022

 
$
(604,219
)
 
$
369,868



30

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

CONSOLIDATING STATEMENT OF CASH FLOWS
For the nine months ended September 30, 2018
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Net cash provided by (used in)
operating activities
$
347,335

 
$
389,110

 
$
278,535

 
$
—

 
$
1,014,980

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(40,483
)
 
(6,046
)
 
—

 
(46,529
)
Investments in unconsolidated entities
—

 
(1,000
)
 
—

 
—

 
(1,000
)
Other investing activities, net


 
11,299

 
4,246

 
—

 
15,545

Net cash provided by (used in)
investing activities
—

 
(30,184
)
 
(1,800
)
 
—

 
(31,984
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Financial Services borrowing (repayments), net


 
—

 
(187,071
)
 
—

 
(187,071
)
Repayments of debt
—

 
(81,757
)
 
(898
)
 
—

 
(82,655
)
Borrowings under revolving credit facility
1,566,000

 
—

 
—

 
—

 
1,566,000

Repayments under revolving credit facility
(1,566,000
)
 
—

 
—

 
—

 
(1,566,000
)
Debt issuance costs
(8,165
)
 
—

 
—

 
—

 
(8,165
)
Stock option exercises
5,462

 
—

 
—

 
—

 
5,462

Share repurchases
(179,439
)
 
—

 
—

 
—

 
(179,439
)
Dividends paid
(78,284
)
 
—

 
—

 
—

 
(78,284
)
Intercompany activities, net
(86,909
)
 
268,297

 
(181,388
)
 
—

 
—

Net cash provided by (used in)
financing activities
(347,335
)
 
186,540

 
(369,357
)
 
—

 
(530,152
)
Net increase (decrease) in cash, cash equivalents, and restricted cash
—

 
545,466

 
(92,622
)
 
—

 
452,844

Cash, cash equivalents, and restricted cash
at beginning of year
—

 
157,801

 
148,367

 
—

 
306,168

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

 
$
703,267

 
$
55,745

 
$
—

 
$
759,012




31

PULTEGROUP, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

CONSOLIDATING STATEMENT OF CASH FLOWS
For the nine months ended September 30, 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
$
58,575

 
$
43,042

 
$
150,862

 
$
—

 
$
252,479

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(19,693
)
 
(3,855
)
 
—

 
(23,548
)
Investments in unconsolidated entities
—

 
(22,007
)
 
—

 
—

 
(22,007
)
Other investing activities, net
—

 
5,728

 
60

 
—

 
5,788

Net cash provided by (used in)
investing activities
—

 
(35,972
)
 
(3,795
)
 
—

 
(39,767
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Financial Services borrowings (repayments), net
—

 
—

 
(85,797
)
 
—

 
(85,797
)
Repayments of debt
—

 
(6,031
)
 
(970
)
 
—

 
(7,001
)
Borrowings under revolving credit facility
971,000

 
—

 
—

 
—

 
971,000

Repayments under revolving credit facility
(888,000
)
 
—

 
—

 
—

 
(888,000
)
Stock option exercises
22,765

 
—

 
—

 
—

 
22,765

Share repurchases
(665,812
)
 
—

 
—

 
—

 
(665,812
)
Dividends paid
(86,018
)
 
—

 
—

 
—

 
(86,018
)
Intercompany activities, net
587,490

 
(470,052
)
 
(117,438
)
 
—

 
—

Net cash provided by (used in)
financing activities
(58,575
)
 
(476,083
)
 
(204,205
)
 
—

 
(738,863
)
Net increase decrease in cash, cash equivalents, and restricted cash
—

 
(469,013
)
 
(57,138
)
 
—

 
(526,151
)
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
$
—

 
$
142,172

 
$
54,925

 
$
—

 
$
197,097




32

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Overview

We continue to see U.S. housing demand being supported by a number of positive market dynamics, including an expanding economy, ongoing growth in jobs and wages, low unemployment, and high consumer confidence. In addition, there is generally limited supply of new homes across the markets we serve as land and labor resources remain constrained. While recent buyer concerns around affordability due to the combination of increased home prices and higher mortgage rates appear to have impacted near term market dynamics, traffic trends indicate that buyer interest levels are still high.

Our investments have put us in a position to open new communities, which are allowing us to grow the business, as evidenced by net new order dollars increasing 7% for the nine months ended September 30, 2018 as compared to the prior year, and our backlog increasing by 5% to $4.9 billion as of September 30, 2018. While customer traffic to our communities has increased during 2018, we did experience lower than expected conversions of traffic to signups, especially among first-time and move-up buyers, beginning in May 2018 when mortgage rates increased. This resulted in only a 1% increase in our signups for the three months ended September 30, 2018, as compared to the prior year. However, consistent with our efforts to drive enhanced operational performance, we realized significant improvements in revenues, overhead leverage, and income before income taxes as compared to the prior year. The favorable market conditions and our sizable backlog of orders give us confidence that we have the business well-positioned to deliver strong performance for the balance of 2018. The following is a summary of our operating results by line of business ($000's omitted, except per share data):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Income before income taxes:
 
 
 
 
 
 
 
Homebuilding
$
365,055

 
$
250,463

 
$
963,867

 
$
479,824

Financial Services
19,633

 
17,786

 
54,182

 
50,238

Income before income taxes
384,688

 
268,249

 
1,018,049

 
530,062

Income tax expense
(95,153
)
 
(90,710
)
 
(233,674
)
 
(160,255
)
Net income
$
289,535

 
$
177,539

 
$
784,375

 
$
369,807

Per share data - assuming dilution:
 
 
 
 
 
 
 
Net income
$
1.01

 
$
0.58

 
$
2.71

 
$
1.18

•Homebuilding income before income taxes for the three and nine months ended September 30, 2018 increased 46% and 101%, respectively, compared with the prior year periods as the result of higher revenues, better overheard leverage, and the net impact of the following significant income (expense) items ($000's omitted):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Land inventory impairments (see Note 2)
$
(3,502
)
 
$
—

 
$
(4,054
)
 
$
(31,487
)
Net realizable value ("NRV") adjustments - land held for sale (see Note 2)
(1,494
)
 
534

 
(2,521
)
 
(82,353
)
Impairments of unconsolidated entities (see Note 2)
—

 
—

 
—

 
(8,017
)
Write-offs of deposits and pre-acquisition costs (see Note 2)
(3,137
)
 
(2,680
)
 
(7,398
)
 
(9,397
)
Warranty claim (see Note 8)
—

 
(222
)
 
—

 
(12,328
)
Write-off of insurance receivable (see Note 8)
—

 
(5,326
)
 
—

 
(20,326
)
Land sale gains (see Note 3)
1,617

 
—

 
28,874

 
—

Insurance reserve reversals (see Note 8)
—

 
—

 
37,890

 
19,813

 
$
(6,516
)
 
$
(7,694
)
 
$
52,791

 
$
(144,095
)
For additional information on each of the above, see the applicable Notes to the Condensed Consolidated Financial Statements.

33

•
Financial Services income before income taxes increased for the three and nine months ended September 30, 2018 compared with the three and nine months ended September 30, 2017 driven by higher volumes in the Homebuilding segment, partially offset by a lower capture rate and more competitive pricing. Refinance activity has slowed in the mortgage industry, which has increased competition, pressured loan pricing, and resulted in lower margins on our loan originations in 2018.
•
Our effective tax rate for the three and nine months ended September 30, 2018 was 24.7% and 23.0%, respectively, compared to 33.8% and 30.2%, respectively, for the same periods in 2017. Our effective tax rates for the three and nine months ended September 30, 2018 are lower than the prior year periods primarily due to the federal statutory rate reduction from 35% in 2017 to 21% in 2018 due to the Tax Act.


34


Homebuilding Operations

The following presents selected financial information for our Homebuilding operations ($000’s omitted):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2018 vs. 2017
 
2017
 
2018
 
2018 vs. 2017
 
2017
Home sale revenues
$
2,572,236

 
25
 %
 
$
2,055,891

 
$
6,933,888

 
24
 %
 
$
5,606,953

Land sale and other revenues (a)
25,510

 
(10
)%
 
28,215

 
104,971

 
163
 %
 
39,848

Total Homebuilding revenues
2,597,746

 
25
 %
 
2,084,106

 
7,038,859

 
25
 %
 
5,646,801

Home sale cost of revenues (b)
(1,954,160
)
 
25
 %
 
(1,564,605
)
 
(5,276,232
)
 
22
 %
 
(4,332,221
)
Land sale cost of revenues (c)
(22,060
)
 
(12
)%
 
(25,123
)
 
(71,791
)
 
(38
)%
 
(115,950
)
Selling, general, and administrative
expenses ("SG&A") (d)
(252,757
)
 
6
 %
 
(237,495
)
 
(719,706
)
 
4
 %
 
(689,974
)
Other expense, net (e)
(3,714
)
 
(42
)%
 
(6,420
)
 
(7,263
)
 
(75
)%
 
(28,832
)
Income before income taxes
$
365,055

 
46
 %
 
$
250,463

 
$
963,867

 
101
 %
 
$
479,824

 
 
 
 
 
 
 
 
 
 
 
 
Supplemental data:
 
 
 
 
 
 
 
 
 
 
 
Gross margin from home sales (b)
24.0
%
 
10 bps

 
23.9
%
 
23.9
%
 
120 bps

 
22.7
%
SG&A as a percentage of home
sale revenues (d)
9.8
%
 
(180) bps

 
11.6
%
 
10.4
%
 
(190) bps

 
12.3
%
Closings (units)
6,031

 
17
 %
 
5,151

 
16,398

 
14
 %
 
14,420

Average selling price
$
427

 
7
 %
 
$
399

 
$
423

 
9
 %
 
$
389

Net new orders (f):
 
 
 
 
 
 
 
 
 
 
 
Units
5,350

 
1
 %
 
5,300

 
18,566

 
4
 %
 
17,821

Dollars
$
2,278,357

 
1
 %
 
$
2,260,082

 
$
7,866,177

 
7
 %
 
$
7,331,311

Cancellation rate
15
%
 
 
 
15
%
 
13
%
 
 
 
13
%
Active communities at September 30
 
 
 
 
 
 
843

 
8
 %
 
778

Backlog at September 30:
 
 
 
 
 
 
 
 
 
 
 
Units
 
 
 
 
 
 
11,164

 
3
 %
 
10,823

Dollars
 
 
 
 
 
 
$
4,911,353

 
5
 %
 
$
4,665,871


(a)
Includes net gains of $26.4 million related to two land sale transactions in California during the nine months ended September 30, 2018 (see Note 3).
(b)
Includes inventory impairments of $31.5 million (see Note 2) and a warranty charge of $12.3 million related to a closed-out community (see Note 8) for the nine months ended September 30, 2017.
(c)
Includes NRV adjustments on land held for sale of $82.4 million for the nine months ended September 30, 2017 (see Note 2).
(d)
Includes write-offs of $5.3 million and $20.3 million of insurance receivables associated with the resolution of certain insurance matters in the three and nine months ended September 30, 2017, respectively. Also includes insurance reserve reversals of $37.9 million and $19.8 million for the nine months ended September 30, 2018 and 2017, respectively (see Note 8).
(e)
Includes an $8.0 million impairment of an investment in an unconsolidated entity in the nine months ended September 30, 2017 (see Note 2).
(f)
New order dollars represent a composite of new order dollars combined with other movements of the dollars in backlog related to cancellations and change orders.

35


Home sale revenues

Home sale revenues for the three and nine months ended September 30, 2018 were higher than the prior year by $516.3 million and $1.3 billion, respectively. For the three months ended September 30, 2018, the 25% increase was attributable to a 17% increase in closings and a 7% increase in average selling price. For the nine months ended September 30, 2018, the 24% increase was attributable to a 14% increase in closings and a 9% increase in average selling price. The increase in closings reflects the significant investments we have made and the resulting increase in our active communities. The higher average selling prices occurred across the majority of our markets and reflects shifts in product mix, including a small increase in the mix of closings in Northern California, where our average selling prices are significantly higher than the Company average.
    
Home sale gross margins

Home sale gross margins were 24.0% and 23.9% for the three and nine months ended September 30, 2018, respectively, compared to 23.9% and 22.7% for the three and nine months ended September 30, 2017, respectively. Gross margins for the three and nine months ended September 30, 2018 remain strong relative to historical levels and reflect a combination of factors, including shifts in community mix, a small increase in the mix of closings in Northern California, and slightly lower amortized interest costs (170 bps and 160 bps for the three and nine months ended September 30, 2018, respectively, compared to 180 bps for the same periods in 2017). Gross margins for the nine months ended September 30, 2017 include the aforementioned land inventory impairments totaling $31.5 million, or 60 bps (see Note 2), and a warranty charge of $12.3 million, or 20 bps, related to a closed-out community in Florida (see Note 8).

Land sale and other revenues

We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land sale and other revenues and their related gains or losses vary between periods, depending on the timing of land sales and our strategic operating decisions. Land sales and other revenues contributed income of $3.5 million and $33.2 million for the three and nine months ended September 30, 2018, respectively, compared to gains (losses) of $3.1 million and $(76.1) million for the nine months ended three and nine months ended September 30, 2017, respectively. The gains in 2018 resulted primarily from two land sale transactions in California that contributed $26.4 million. The losses in 2017 resulted primarily from the aforementioned NRV charges of $82.4 million for the nine months ended September 30, 2017 (see Note 2).

SG&A

SG&A as a percentage of home sale revenues was 9.8% and 10.4% for the three and nine months ended September 30, 2018, respectively, compared with 11.6% and 12.3% for the three and nine months ended September 30, 2017, respectively. The gross dollar amount of our SG&A increased $15.3 million, or 6%, for the three months ended September 30, 2018 compared to September 30, 2017 and increased $29.7 million, or 4%, for the nine months ended September 30, 2018 compared to September 30, 2017. The improved overhead leverage reflects volume efficiencies and realized cost efficiencies, as well as the aforementioned insurance reserve reversals of $37.9 million and $19.8 million for the nine months ended September 30, 2018 and 2017, respectively, partially offset by write-offs of $5.3 million and $20.3 million in the three and nine months ended September 30, 2017, respectively, associated with the resolution of certain insurance matters (see Note 8).



36


Other expense, net

Other expense, net includes the following ($000’s omitted):
 
Three Months Ended
 
Nine Months Ended
September 30,
 
September 30,
2018
 
2017
 
2018
 
2017
Write-offs of deposits and pre-acquisition costs
$
(3,136
)
 
$
(2,680
)
 
$
(7,398
)
 
$
(9,397
)
Amortization of intangible assets
(3,450
)
 
(3,450
)
 
(10,350
)
 
(10,350
)
Interest income
1,842

 
485

 
3,240

 
1,917

Interest expense
(152
)
 
(101
)
 
(460
)
 
(371
)
Equity in earnings (losses) of unconsolidated entities (a)
886

 
415

 
2,112

 
(4,154
)
Miscellaneous, net
296

 
(1,089
)
 
5,593

 
(6,477
)
Total other expense, net
$
(3,714
)
 
$
(6,420
)
 
$
(7,263
)
 
$
(28,832
)

(a)
Includes an $8.0 million impairment of a joint venture investment in the nine months ended September 30, 2017 (see Note 2).

Net new orders

Net new order units increased 1% for the three months ended September 30, 2018, as compared with the prior year period, and increased 4% for the nine months ended September 30, 2018, as compared with the prior year period. Our higher number of active communities combined with the overall demand environment resulted in a strong start to the year. However, while customer traffic to our communities increased during 2018, we experienced lower than expected conversions of traffic to signups, especially among first-time and move-up buyers, beginning in May 2018 when mortgage rates increased.

Net new orders in dollars increased by 1% and 7% for the three and nine months ended September 30, 2018, respectively, compared to the same periods in 2017 due to the changes in units combined with higher average selling prices. The cancellation rate (canceled orders for the period divided by gross new orders for the period) was 15% and 13% for the three and nine months ended September 30, 2018, respectively, compared to 15% and 13% for the same periods in 2017. Ending backlog, which represents orders for homes that have not yet closed, increased 3% in units at September 30, 2018 compared with September 30, 2017, primarily as a result of increased net new order volume, and 5% in dollars due to the unit increase and a higher average selling price.

Homes in production

The following is a summary of our homes in production:
 
September 30,
2018
 
September 30,
2017
Sold
8,286

 
8,098

Unsold
 
 
 
Under construction
2,384

 
1,765

Completed
532

 
576

 
2,916

 
2,341

Models
1,214

 
1,079

Total
12,416

 
11,518


The number of homes in production at September 30, 2018 was 8% higher than at September 30, 2017, due primarily to the increased net new order volume and backlog. As part of our inventory management strategies, we expect to maintain reasonable inventory levels relative to demand in each of our markets.


37


Controlled lots

The following is a summary of our lots under control at September 30, 2018 and December 31, 2017:
 
September 30, 2018
 
December 31, 2017
 
Owned
 
Optioned
 
Controlled
 
Owned
 
Optioned
 
Controlled
Northeast
5,239

 
5,931

 
11,170

 
5,194

 
5,569

 
10,763

Southeast
15,438

 
11,626

 
27,064

 
15,404

 
11,085

 
26,489

Florida
18,663

 
16,579

 
35,242

 
18,458

 
11,887

 
30,345

Midwest
10,709

 
11,691

 
22,400

 
10,612

 
9,196

 
19,808

Texas
14,907

 
7,657

 
22,564

 
13,923

 
8,320

 
22,243

West
24,409

 
7,559

 
31,968

 
25,662

 
6,099

 
31,761

Total
89,365

 
61,043

 
150,408

 
89,253

 
52,156

 
141,409

 
 
 
 
 
 
 
 
 
 
 
 
Developed (%)
39
%
 
18
%
 
30
%
 
37
%
 
20
%
 
31
%

Of our controlled lots, 89,365 and 89,253 were owned and 61,043 and 52,156 were controlled under land option agreements at September 30, 2018 and December 31, 2017, respectively. While competition for well-positioned land is robust, we continue to pursue land investments that we believe can achieve appropriate risk-adjusted returns on invested capital. The remaining purchase price under our land option agreements totaled $2.7 billion at September 30, 2018. These land option agreements generally may be canceled at our discretion and in certain cases extend over several years. Our maximum exposure related to these land option agreements is generally limited to our deposits and pre-acquisition costs, which totaled $244.6 million, of which $15.4 million is refundable, at September 30, 2018.


38


Homebuilding Segment Operations

As of September 30, 2018, we conducted our operations in 45 markets located throughout 25 states. For reporting purposes, our Homebuilding operations are aggregated into six reportable segments:
 
Northeast:
 
Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia
Southeast:
 
Georgia, North Carolina, South Carolina, Tennessee
Florida:
 
Florida
Midwest:
 
Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio
Texas:
 
Texas
West:
 
Arizona, California, Nevada, New Mexico, Washington

The following tables present selected financial information for our reportable Homebuilding segments:

 
Operating Data by Segment ($000's omitted)
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2018 vs. 2017
 
2017
 
2018
 
2018 vs. 2017
 
2017
Home sale revenues:
 
 
 
 
 
 
 
 
 
 
 
Northeast
$
174,864

 
4
 %
 
$
168,402

 
$
506,015

 
19
%
 
$
425,206

Southeast
449,777

 
15
 %
 
392,133

 
1,267,940

 
15
%
 
1,098,576

Florida
501,156

 
50
 %
 
333,726

 
1,297,761

 
29
%
 
1,007,754

Midwest
411,121

 
5
 %
 
392,442

 
1,062,871

 
7
%
 
994,701

Texas
345,794

 
29
 %
 
268,899

 
921,118

 
16
%
 
791,684

West
689,524

 
38
 %
 
500,289

 
1,878,183

 
46
%
 
1,289,032

 
$
2,572,236

 
25
 %
 
$
2,055,891

 
$
6,933,888

 
24
%
 
$
5,606,953

Income (loss) before income taxes (a):
 
 
 
 
 
 
 
 
 
 
 
Northeast
$
18,938

 
(10
)%
 
$
21,046

 
$
53,408

 
(e)
 
$
(12,803
)
Southeast
51,920

 
15
 %
 
45,109

 
146,735

 
25
%
 
117,749

Florida (b)
73,802

 
41
 %
 
52,191

 
186,238

 
40
%
 
132,824

Midwest
52,438

 
(12
)%
 
59,636

 
123,889

 
7
%
 
115,463

Texas
55,382

 
30
 %
 
42,727

 
136,777

 
12
%
 
122,045

West (c)
138,698

 
83
 %
 
75,753

 
382,317

 
254
%
 
107,987

Other homebuilding (d)
(26,123
)
 
43
 %
 
(45,999
)
 
(65,497
)
 
37
%
 
(103,441
)
 
$
365,055

 
46
 %
 
$
250,463

 
$
963,867

 
101
%
 
$
479,824

 
 
 
 
 
 
 
 
 
 
 
 
(a)
Includes land-related charges as summarized in the table below (See Note 2).
(b)
Includes a warranty charge of $12.3 million for the nine months ended September 30, 2017 related to a closed-out community (see Note 8).
(c)
Includes gains of $26.4 million related to two land sale transactions in California in the nine months ended September 30, 2018.
(d)
Includes write-offs of $5.3 million and $20.3 million of insurance receivables associated with the resolution of certain insurance matters in the three and nine months ended September 30, 2017, respectively. Also includes insurance reserve reversals of $37.9 million and $19.8 million for the nine months ended September 30, 2018 and 2017, respectively (see Note 8).
(e)
Percentage not meaningful.


39


 
 
Operating Data by Segment ($000's omitted)
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2018 vs. 2017
 
2017
 
2018
 
2018 vs. 2017
 
2017
Closings (units):
 
 
 
 
 
 
 
 
 
 
 
Northeast
350

 
10
 %
 
318

 
1,002

 
18
 %
 
846

Southeast
1,101

 
14
 %
 
966

 
3,097

 
13
 %
 
2,751

Florida
1,241

 
38
 %
 
897

 
3,262

 
24
 %
 
2,639

Midwest
1,014

 
1
 %
 
1,001

 
2,653

 
3
 %
 
2,576

Texas
1,114

 
20
 %
 
927

 
3,019

 
7
 %
 
2,809

West
1,211

 
16
 %
 
1,042

 
3,365

 
20
 %
 
2,799

 
6,031

 
17
 %
 
5,151

 
16,398

 
14
 %
 
14,420

 
 
 
 
 
 
 
 
 
 
 
 
Average selling price:
 
 
 
 
 
 
 
 
 
 
 
Northeast
$
500

 
(6
)%
 
$
530

 
$
505

 
—
 %
 
$
503

Southeast
409

 
1
 %
 
406

 
409

 
3
 %
 
399

Florida
404

 
9
 %
 
372

 
398

 
4
 %
 
382

Midwest
405

 
3
 %
 
392

 
401

 
4
 %
 
386

Texas
310

 
7
 %
 
290

 
305

 
8
 %
 
282

West
569

 
19
 %
 
480

 
558

 
21
 %
 
461

 
$
427

 
7
 %
 
$
399

 
$
423

 
9
 %
 
$
389

 
 
 
 
 
 
 
 
 
 
 
 
Net new orders - units:
 
 
 
 
 
 
 
 
 
 
 
Northeast
353

 
12
 %
 
316

 
1,251

 
13
 %
 
1,103

Southeast
948

 
(9
)%
 
1,044

 
3,300

 
—
 %
 
3,314

Florida
1,173

 
18
 %
 
991

 
3,964

 
27
 %
 
3,121

Midwest
823

 
(5
)%
 
868

 
2,980

 
(4
)%
 
3,119

Texas
1,005

 
14
 %
 
881

 
3,511

 
7
 %
 
3,281

West
1,048

 
(13
)%
 
1,200

 
3,560

 
(8
)%
 
3,883

 
5,350

 
1
 %
 
5,300

 
18,566

 
4
 %
 
17,821

 
 
 
 
 
 
 
 
 
 
 
 
Net new orders - dollars:
 
 
 
 
 
 
 
 
 
 
 
Northeast
$
185,678

 
9
 %
 
$
170,542

 
$
654,820

 
13
 %
 
$
581,033

Southeast
392,220

 
(6
)%
 
416,723

 
1,375,325

 
4
 %
 
1,317,316

Florida
494,882

 
28
 %
 
387,611

 
1,615,360

 
35
 %
 
1,198,072

Midwest
342,730

 
—
 %
 
341,708

 
1,221,252

 
—
 %
 
1,223,169

Texas
315,433

 
19
 %
 
265,411

 
1,093,405

 
14
 %
 
961,312

West
547,414

 
(19
)%
 
678,087

 
1,906,015

 
(7
)%
 
2,050,409

 
$
2,278,357

 
1
 %
 
$
2,260,082

 
$
7,866,177

 
7
 %
 
$
7,331,311

 
 
 
 
 
 
 
 
 
 
 
 

40


 
Operating Data by Segment ($000's omitted)
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2018 vs. 2017
 
2017
 
2018
 
2018 vs. 2017
 
2017
Cancellation rates:
 
 
 
 
 
 
 
 
 
 
 
Northeast
10
%
 
 
 
19
%
 
8
%
 
 
 
13
%
Southeast
12
%
 
 
 
13
%
 
11
%
 
 
 
12
%
Florida
13
%
 
 
 
13
%
 
12
%
 
 
 
12
%
Midwest
13
%
 
 
 
13
%
 
12
%
 
 
 
11
%
Texas
19
%
 
 
 
19
%
 
17
%
 
 
 
16
%
West
19
%
 
 
 
16
%
 
16
%
 
 
 
15
%
 
15
%
 
 
 
15
%
 
13
%
 
 
 
13
%
 
 
 
 
 
 
 
 
 
 
 
 
Unit backlog:
 
 
 
 
 
 
 
 
 
 
 
Northeast
 
 
 
 
 
 
761

 
18
 %
 
644

Southeast
 
 
 
 
 
 
1,919

 
(1
)%
 
1,934

Florida
 
 
 
 
 
 
2,380

 
25
 %
 
1,900

Midwest
 
 
 
 
 
 
1,814

 
(2
)%
 
1,850

Texas
 
 
 
 
 
 
1,918

 
2
 %
 
1,884

West
 
 
 
 
 
 
2,372

 
(9
)%
 
2,611

 
 
 
 
 
 
 
11,164

 
3
 %
 
10,823

 
 
 
 
 
 
 
 
 
 
 
 
Backlog dollars:
 
 
 
 
 
 
 
 
 
 
 
Northeast
 
 
 
 
 
 
$
402,455

 
17
 %
 
$
345,423

Southeast
 
 
 
 
 
 
825,552

 
3
 %
 
802,500

Florida
 
 
 
 
 
 
999,188

 
34
 %
 
746,544

Midwest
 
 
 
 
 
 
746,920

 
2
 %
 
729,547

Texas
 
 
 
 
 
 
622,084

 
9
 %
 
572,119

West
 
 
 
 
 
 
1,315,154

 
(11
)%
 
1,469,738

 
 
 
 
 
 
 
$
4,911,353

 
5
 %
 
$
4,665,871



41


 
Operating Data by Segment
($000’s omitted)
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Land-related charges*:
 
 
 
 
 
 
 
Northeast
$
1,385

 
$
1,184

 
$
3,068

 
$
51,102

Southeast
663

 
889

 
2,394

 
1,847

Florida
262

 
109

 
671

 
8,862

Midwest
4,960

 
(393
)
 
6,078

 
7,703

Texas
47

 
51

 
317

 
898

West
425

 
306

 
786

 
56,747

Other homebuilding
391

 
—

 
659

 
4,095

 
$
8,133

 
$
2,146

 
$
13,973

 
$
131,254

*
Land-related charges include land inventory impairments, net realizable value adjustments on land held for sale, impairments of investments in unconsolidated entities, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue (see Note 2). Other homebuilding consists primarily of write-offs of capitalized interest related to such land-related charges.
Northeast

For the third quarter of 2018, Northeast home sale revenues increased 4% compared with the prior year period due to a 10% increase in closings, partially offset by a 6% decrease in the average selling price. The higher revenues occurred primarily in Pennsylvania in our lower-priced, first-time buyer communities. Income before income taxes decreased primarily due to lower gross margins, partially offset by the increased revenues. Net new orders increased slightly.

For the nine months ended September 30, 2018, Northeast home sale revenues increased by 19% when compared with the prior year period due to an 18% increase in closings. The increase in closings occurred across all markets. Income before income taxes was higher in 2018 primarily due to the land-related charges recognized in 2017. Net new orders increased across all markets.

Southeast

For the third quarter of 2018, Southeast home sale revenues increased 15% compared with the prior year period due to a 14% increase in closings combined with a 1% increase in the average selling price. The increased closings occurred across the majority of markets. Income before income taxes increased primarily as the result of the higher revenues. Net new orders decreased across a majority of markets.

For the nine months ended September 30, 2018, Southeast home sale revenues increased 15% compared with the prior year as the result of a a 13% increase in closings combined with a 3% increase in average selling price. The increase in closings occurred across the majority of markets. Income before income taxes increased 25%, primarily as a result of the increased revenues. Net new orders decreased across a majority of markets, except for our Coastal Carolinas operations.

Florida

For the third quarter of 2018, Florida home sale revenues increased 50% compared with the prior year period due to a 38% increase in closings combined with a 9% increase in average selling price. The increase in closings occurred across all markets. Income before income taxes increased due to the higher revenues. Net new orders increased across the majority of markets driven by the opening of new communities.

For the nine months ended September 30, 2018, Florida home sale revenues increased 29% compared with the prior year period due to a 24% increase in closings combined with a 4% increase in the average selling price. Income before income taxes increased due to the higher revenues combined with the land-related charges and warranty adjustment recognized in 2017 (see discussion in Note 2 and Note 8). Net new orders increased across all markets driven by the opening of new communities.


42


Midwest

For the third quarter of 2018, Midwest home sale revenues increased 5% over the prior year period due to a 1% increase in closings combined with a 3% increase in average selling price. Income before income taxes decreased compared to the prior year primarily due to the land related charges in 2018. Net new orders decreased across the majority of markets.

For the nine months ended September 30, 2018, Midwest home sale revenues increased 7% compared with the prior year period due to a 4% increase in average selling price combined with a 3% increase in closings. The higher revenues occurred across all markets but were partially offset by lower volumes related to the previously announced wind down of our St. Louis operations. Income before income taxes increased primarily due to increased revenues. Net new orders decreased across all markets except Michigan.

Texas

For the third quarter of 2018, Texas home sale revenues increased 29% compared with the prior year period due to a 20% increase in closings combined with a 7% increase in average selling prices. The increased revenues occurred across all markets. Income before income taxes increased primarily due to the increased revenues driven by the opening of new communities. Net new orders increased across all markets.

For the nine months ended September 30, 2018, Texas home sale revenues increased 16% compared with the prior year period due to a 7% increase in closings combined with an 8% increase in the average selling price. The higher revenues were driven by increases in Houston and Austin. Net new orders increased across all markets.

West

For the third quarter of 2018, West home sale revenues increased 38% compared with the prior year period resulting from a 19% increase in average selling price, combined with a 16% increase in closings. The increased revenues occurred across substantially all markets but were driven primarily by Northern California. The increased revenues contributed to increased income before income taxes in all markets except New Mexico, but the majority resulted from Northern California. Net new orders decreased 13% overall, which was concentrated in Northern California, primarily due to a lower number of active communities combined with actions taken in certain communities to manage backlog.

For the nine months ended September 30, 2018, West home sale revenues increased 46% compared with the prior year period due to a 21% increase in average selling price, combined with a 20% increase in closings. The increased revenues occurred across all markets. The increased revenues led to increased income before income taxes, primarily due to our Northern California operations, including two land sale transaction that generated gains totaling $26.4 million and the land-related charges recognized in 2017. Net new orders decreased 8% overall and was concentrated in Northern California primarily due to a lower number of active communities combined with actions taken in certain communities to manage backlog.


43

Financial Services Operations

We conduct our Financial Services operations, which include mortgage operations, title services, and insurance brokerage operations, through Pulte Mortgage and other subsidiaries. In originating mortgage loans, we initially use our own funds, including funds available pursuant to credit agreements with third parties. Substantially all of the loans we originate are sold in the secondary market within a short period of time after origination, generally within 30 days. We also sell the servicing rights for the loans we originate through fixed price servicing sales contracts to reduce the risks and costs inherent in servicing loans. This strategy results in owning the loans and related servicing rights for only a short period of time. Operating as a captive business model primarily targeted to supporting our Homebuilding operations, the business levels of our Financial Services operations are highly correlated to Homebuilding. Our Homebuilding customers continue to account for substantially all loan production. We believe that our capture rate, which represents loan originations from our Homebuilding operations as a percentage of total loan opportunities from our Homebuilding operations, excluding cash closings, is an important metric in evaluating the effectiveness of our captive mortgage business model. The following tables present selected financial information for our Financial Services operations ($000's omitted):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2018 vs. 2017
 
2017
 
2018
 
2018 vs. 2017
 
2017
Mortgage revenues
$
37,618

 
5
%
 
$
35,910

 
$
111,313

 
6
%
 
$
104,582

Title services revenues
11,732

 
21
%
 
9,673

 
32,336

 
16
%
 
27,841

Insurance brokerage commissions
2,270

 
66
%
 
1,369

 
6,673

 
87
%
 
3,572

Total Financial Services revenues
51,620

 
10
%
 
46,952

 
150,322

 
11
%
 
135,995

Expenses
(32,213
)
 
10
%
 
(29,304
)
 
(96,650
)
 
12
%
 
(86,150
)
Other income, net
226

 
64
%
 
138

 
510

 
30
%
 
393

Income before income taxes
$
19,633

 
10
%
 
$
17,786

 
$
54,182

 
8
%
 
$
50,238

Total originations:
 
 
 
 
 
 
 
 
 
 
 
Loans
3,692

 
8
%
 
3,428

 
10,319

 
7
%
 
9,631

Principal
$
1,138,389

 
14
%
 
$
1,002,108

 
$
3,170,206

 
14
%
 
$
2,778,151


 
Nine Months Ended
 
September 30,
 
2018
 
2017
Supplemental data:
 
 
 
Capture rate
76.0
%
 
79.5
%
Average FICO score
751

 
749

Loan application backlog
$
2,498,398

 
$
2,653,466

Funded origination breakdown:
 
 
 
Government (FHA, VA, USDA)
20
%
 
24
%
Other agency
68
%
 
69
%
Total agency
88
%
 
93
%
Non-agency
12
%
 
7
%
Total funded originations
100
%
 
100
%

Revenues

Total Financial Services revenues for the three and nine months ended September 30, 2018 increased 10% and 11%, respectively, compared to the same periods in 2017, primarily due to higher loan origination, title, and insurance brokerage volume resulting from higher volumes in the Homebuilding segment. A higher average loan size primarily driven by higher

44

average selling prices in the Homebuilding segment also contributed to the higher revenues. These factors were partially offset by the lower capture rate resulting from a more competitive market environment.

Income before income taxes

Income before income taxes for the three and nine months ended September 30, 2018 increased 10% and 8%, respectively, when compared to the prior year periods. The increases over the prior year were due primarily to higher revenues that were partially offset by higher expenses. Refinance activity has slowed in the mortgage industry, which has increased competition, pressured loan pricing, and resulted in lower margins on our loan originations in 2018.

Income Taxes

Our effective tax rate for the three and nine months ended September 30, 2018 was 24.7% and 23.0%, respectively, compared to 33.8% and 30.2%, respectively, for the same periods in 2017. Our effective tax rates for the three and nine months ended September 30, 2018 are lower than the prior year periods primarily due to the federal statutory rate reduction from 35% in 2017 to 21% in 2018 due to the Tax Act.

Liquidity and Capital Resources

We finance our land acquisition, development, and construction activities and financial services operations using internally-generated funds supplemented by credit arrangements with third parties and capital market financing. We routinely monitor current and expected operational requirements and financial market conditions to evaluate accessing other available financing sources, including revolving bank credit and securities offerings.

At September 30, 2018, we had unrestricted cash and equivalents of $728.6 million, restricted cash balances of $30.4 million, and $780.4 million available under our Revolving Credit Facility. We follow a diversified investment approach for our cash and equivalents by maintaining such funds with a broad portfolio of banks within our group of relationship banks in high quality, highly liquid, short-term deposits and investments.

Our ratio of debt to total capitalization, excluding our Financial Services debt, was 38.9% at September 30, 2018.

Unsecured senior notes

We had $3.0 billion of unsecured senior notes outstanding at September 30, 2018 and December 31, 2017, respectively, with no repayments due until 2021, when $700.0 million of unsecured senior notes are scheduled to mature.

Other notes payable

Other notes payable include non-recourse and limited recourse collateralized notes with third parties that totaled $18.6 million and $20.0 million at September 30, 2018 and December 31, 2017, respectively. These notes have maturities ranging up to three years, are secured by the applicable land positions to which they relate, and have no recourse to any other assets. The stated interest rates on these notes range up to 8.01%.

Revolving credit facility

In June 2018, we entered into the Revolving Credit Facility which replaced the Company's previous credit agreement. The Revolving Credit Facility contains substantially similar terms to the previous credit agreement and extended the maturity date from June 2019 to June 2023. The Revolving Credit Facility has a maximum borrowing capacity of $1.0 billion and contains an uncommitted accordion feature that could increase the capacity to $1.5 billion, subject to certain conditions and availability of additional bank commitments. The Revolving Credit Facility also provides for the issuance of letters of credit that reduce the available borrowing capacity under the Revolving Credit Facility, with a sublimit of $500.0 million at September 30, 2018. The interest rate on borrowings under the Revolving Credit Facility may be based on either the London Interbank Offered Rate ("LIBOR") or a base rate plus an applicable margin, as defined therein. We had no borrowings outstanding at September 30, 2018 and December 31, 2017, and $219.6 million and $235.5 million of letters of credit issued under the Revolving Credit Facility at September 30, 2018 and December 31, 2017, respectively.

The Revolving Credit Facility contains financial covenants that require us to maintain a minimum Tangible Net Worth, a minimum Interest Coverage Ratio, and a maximum Debt-to-Capitalization Ratio (as each term is defined in the Revolving

45

Credit Facility). As of September 30, 2018, we were in compliance with all covenants. Outstanding balances under the Revolving Credit Facility are guaranteed by certain of our wholly-owned subsidiaries.

Financial Services debt

Pulte Mortgage maintains a master repurchase agreement with third party lenders. In August 2018, Pulte Mortgage entered into an amended and restated repurchase agreement (the “Repurchase Agreement”) that extended the effective date to August 2019. The maximum aggregate commitment is $400.0 million at September 30, 2018, which increases to $520.0 million during the seasonally high borrowing period from December 26, 2018 through January 14, 2019. At all other times, the maximum aggregate commitment ranges from $240.0 million to $400.0 million. The purpose of changes in capacity during the term of the agreement is to lower associated fees during seasonally lower volume periods of mortgage origination activity. Borrowings under the Repurchase Agreement are secured by residential mortgage loans available-for-sale. The Repurchase Agreement contains various affirmative and negative covenants applicable to Pulte Mortgage, including quantitative thresholds related to net worth, net income, and liquidity. Pulte Mortgage had $250.7 million and $437.8 million outstanding under the Repurchase Agreement at September 30, 2018 and December 31, 2017, respectively, and was in compliance with all of its covenants and requirements as of such dates.

Dividends and share repurchase program

During the nine months ended September 30, 2018, we declared cash dividends totaling $77.7 million and repurchased 5.8 million shares under our repurchase authorization totaling $172.1 million. At September 30, 2018, we had remaining authorization to repurchase $422.4 million of common shares.

Cash flows

Operating activities

Our net cash provided by operating activities for the nine months ended September 30, 2018 was $1.0 billion, compared with net cash provided by operating activities of $252.5 million for the nine months ended September 30, 2017. Generally, the primary drivers of our cash flow from operations are profitability and changes in the levels of inventory and residential mortgage loans available-for-sale, each of which experiences seasonal fluctuations. The positive cash flow from operations for the nine months ended September 30, 2018 was primarily due to our net income of $784.4 million, supplemented by $230.3 million of deferred income taxes and a $218.9 million reduction in residential mortgage loans available-for-sale, partially offset by a net increase in inventories of $263.7 million resulting from ongoing land acquisition and development investment to support future growth combined with a seasonal build of house inventory to support our higher backlog.

Our positive cash flow from operations for the nine months ended September 30, 2017 was primarily due to our net income of $369.8 million, supplemented by $131.3 million in non-cash land-related charges and a reduction of $173.1 million in residential mortgage loans available-for-sale, partially offset by a net increase in inventories of $758.0 million resulting from increased land investment combined with a seasonal build of house inventory.
 
Investing activities

Investing activities are generally not a significant source or use of cash for us. Net cash used in investing activities for the nine months ended September 30, 2018 was $32.0 million, compared with net cash used in investing activities of $39.8 million for the nine months ended September 30, 2017.

Financing activities

Net cash used in financing activities for the nine months ended September 30, 2018 totaled $530.2 million, compared with net cash used in financing activities of $738.9 million for the nine months ended September 30, 2017. The net cash used in financing activities for the nine months ended September 30, 2018 resulted primarily from the repurchase of 5.8 million common shares for $172.1 million under our repurchase authorization, repayments of debt totaling $82.7 million, payments of $78.3 million in cash dividends, and net repayments of $187.1 million for borrowings under the Repurchase Agreement related to a seasonal reduction in residential mortgage loans available-for-sale.

Net cash used in financing activities for the nine months ended September 30, 2017 resulted primarily from the repurchase of 27.8 million common shares for $659.8 million under our repurchase authorization, payments of $86.0 million in cash dividends, and net repayments of $85.8 million for borrowings under the Repurchase Agreement.

46

Inflation

We, and the homebuilding industry in general, may be adversely affected during periods of inflation because of higher land and construction costs. Inflation may also increase our financing costs. In addition, higher mortgage interest rates affect the affordability of our products to prospective homebuyers. While we attempt to pass on to our customers increases in our costs through increased sales prices, market forces may limit our ability to do so. If we are unable to raise sales prices enough to compensate for higher costs, or if mortgage interest rates increase significantly, our revenues, gross margins, and net income could be adversely affected.

Seasonality

Although significant changes in market conditions have impacted our seasonal patterns in the past and could do so again, we historically experience variability in our quarterly results from operations due to the seasonal nature of the homebuilding industry. We generally experience increases in revenues and cash flow from operations during the fourth quarter based on the timing of home closings. This seasonal activity increases our working capital requirements in our third and fourth quarters to support our home production and loan origination volumes. As a result of the seasonality of our operations, our quarterly results of operations are not necessarily indicative of the results that may be expected for the full year.

Contractual Obligations and Commercial Commitments

There have been no material changes to our contractual obligations from those disclosed in our "Contractual Obligations and Commercial Commitments" contained in Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations, included in our Annual Report on Form 10-K for the year ended December 31, 2017, except as follows:

•
In June 2018, we entered into the Revolving Credit Facility which replaced the Company's previous credit agreement. The Revolving Credit Facility contains substantially similar terms to the previous credit agreement and extended the maturity date from June 2019 to June 2023. The Revolving Credit Facility has a maximum borrowing capacity of $1.0 billion and contains an uncommitted accordion feature that could increase the capacity to $1.5 billion.
•
In August 2018, Pulte Mortgage entered into an amended and restated repurchase agreement (the “Repurchase Agreement”) that extended the effective date to August 2019. The maximum aggregate commitment is $400.0 million at September 30, 2018, which increases to $520.0 million during the seasonally high borrowing period from December 26, 2018 through January 14, 2019. At all other times, the maximum aggregate commitment ranges from $240.0 million to $400.0 million.

Off-Balance Sheet Arrangements

We use letters of credit and surety bonds to guarantee our performance under various contracts, principally in connection with the development of our homebuilding projects. The expiration dates of the letter of credit contracts coincide with the expected completion date of the related homebuilding projects. If the obligations related to a project are ongoing, annual extensions of the letters of credit are typically granted on a year-to-year basis. At September 30, 2018, we had outstanding letters of credit totaling $219.6 million. Our surety bonds generally do not have stated expiration dates; rather, we are released from the bonds as the contractual performance is completed. These bonds, which approximated $1.2 billion at September 30, 2018, are typically outstanding over a period of approximately three to five years. Because significant construction and development work has been performed related to projects that have not yet received final acceptance by the respective counterparties, the aggregate amount of surety bonds outstanding is in excess of the projected cost of the remaining work to be performed.

In the ordinary course of business, we enter into land option agreements in order to procure land for the construction of houses in the future. At September 30, 2018, these agreements had an aggregate remaining purchase price of $2.7 billion. Pursuant to these land option agreements, we generally provide a deposit to the seller as consideration for the right to purchase land at different times in the future, usually at predetermined prices.

At September 30, 2018, aggregate outstanding debt of unconsolidated joint ventures was $49.5 million of which $49.4 million was related to one joint venture in which we have a 50% interest. In connection with this loan, we and our joint venture partner provided customary limited recourse guaranties in which our maximum financial loss exposure is limited to our pro rata share of the debt outstanding.


47

Critical Accounting Policies and Estimates

There have been no significant changes to our critical accounting policies and estimates during the nine months ended September 30, 2018 compared with those contained in Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations included in our Annual Report on Form 10-K for the year ended December 31, 2017, except that we updated our revenue recognition policies pursuant to the adoption of ASC 606 (see "New accounting pronouncements" within Note 1) as included below:

Home sale revenues - Home sale revenues and related profit are generally recognized when title to and possession of the home are transferred to the buyer at the home closing date. Little to no estimation is involved in recognizing such revenues.

Land sale revenues - We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land sales are generally outright sales of specified land parcels with cash consideration due on the closing date, which is generally when performance obligations are satisfied. Certain land sale contracts may contain unique terms that require management judgment in determining the appropriate revenue recognition, but the impact of such transactions is generally immaterial.

Financial services revenues - Mortgage servicing fees represent fees earned for servicing loans for various investors. Servicing fees are based on a contractual percentage of the outstanding principal balance, or a contracted set fee in the case of certain sub-servicing arrangements, and are credited to income when related mortgage payments are received or the sub-servicing fees are earned. Loan origination fees, commitment fees, and certain direct loan origination costs are recognized as incurred. Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment. The determination of fair value for certain of these financial instruments requires the use of estimates and management judgment. Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. Interest income is accrued from the date a mortgage loan is originated until the loan is sold.

Revenues associated with our title operations are recognized as closing services are rendered and title insurance policies are issued, both of which generally occur as each home is closed. Insurance brokerage commissions relate to commissions on homeowner and other insurance policies placed with third party carriers through various agency channels. Our performance obligations for policy renewal commissions are satisfied upon issuance of the initial policy, and related contract assets for estimated future renewal commissions are included in other assets and totaled $30.4 million at September 30, 2018. Due to uncertainties in the estimation process and the long duration of renewal policies, which can extend many years into the future, actual results could differ from such estimates.

Item 3.  Quantitative and Qualitative Disclosures About Market Risk

Quantitative disclosure
We are subject to market risk on our debt instruments primarily due to fluctuations in interest rates. We utilize both fixed-rate and variable-rate debt. For fixed-rate debt, changes in interest rates generally affect the fair value of the debt instrument but not our earnings or cash flows. Conversely, for variable-rate debt, changes in interest rates generally do not affect the fair value of the debt instrument but could affect our earnings and cash flows. Except in very limited circumstances, we do not have an obligation to prepay fixed-rate debt prior to maturity. As a result, interest rate risk and changes in fair value should not have a significant impact on our fixed-rate debt until we are required or elect to refinance or repurchase such debt.
    

48

The following table sets forth the principal cash flows by scheduled maturity, weighted-average interest rates, and estimated fair value of our debt obligations as of September 30, 2018 ($000’s omitted):
 
As of September 30, 2018 for the
Years ending December 31,
 
2018
 
2019
 
2020
 
2021
 
2022
 
Thereafter
 
Total
 
Fair
Value
Rate-sensitive liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed rate debt
$
—

 
$
8,423

 
$
9,539

 
$
700,000

 
$
—

 
$
2,300,000

 
$
3,017,962

 
$
2,977,043

Average interest rate
—
%
 
4.07
%
 
3.98
%
 
4.25
%
 
—
%
 
5.90
%
 
5.50
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Variable rate debt (a)
$
251,389

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
251,389

 
$
251,389

Average interest rate
4.28
%
 
—
%
 
—
%
 
—
%
 
—
%
 
—
%
 
4.28
%
 
 

(a) Includes the Pulte Mortgage Repurchase Agreement and amounts outstanding under our Revolving Credit Facility, under which there was no amount outstanding at September 30, 2018.

Qualitative disclosure

There have been no material changes to the qualitative disclosure found in Item 7A, Quantitative and Qualitative Disclosures about Market Risk, of our Annual Report on Form 10-K for the year ended December 31, 2017.

SPECIAL NOTES CONCERNING FORWARD-LOOKING STATEMENTS

As a cautionary note, except for the historical information contained herein, certain matters discussed in Item 2, Management's Discussion and Analysis of Financial Condition and Results of Operations, and Item 3, Quantitative and Qualitative Disclosures About Market Risk, are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements. You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and generally discuss or relate to forecasts, estimates or other expectations regarding future events. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “plan,” “project,” “may,” “can,” “could,” “might,” "should", “will” and similar expressions identify forward-looking statements, including statements related to any impairment charge and the impacts or effects thereof, expected operating and performing results, planned transactions, planned objectives of management, future developments or conditions in the industries in which we participate and other trends, developments and uncertainties that may affect our business in the future.

Such risks, uncertainties and other factors include, among other things: interest rate changes and the availability of mortgage financing; competition within the industries in which we operate; the availability and cost of land and other raw materials used by us in our homebuilding operations; the impact of any changes to our strategy in responding to the cyclical nature of the industry, including any changes regarding our land positions and the levels of our land spend; the availability and cost of insurance covering risks associated with our businesses; shortages and the cost of labor; weather related slowdowns; slow growth initiatives and/or local building moratoria; governmental regulation directed at or affecting the housing market, the homebuilding industry or construction activities; uncertainty in the mortgage lending industry, including revisions to underwriting standards and repurchase requirements associated with the sale of mortgage loans; the interpretation of or changes to tax, labor and environmental laws, including, but not limited to the Tax Cuts and Jobs Act which could have a greater impact on our effective tax rate or the value of our deferred tax assets than we anticipate; economic changes nationally or in our local markets, including inflation, deflation, changes in consumer confidence and preferences and the state of the market for homes in general; legal or regulatory proceedings or claims; our ability to generate sufficient cash flow in order to successfully implement our capital allocation priorities; required accounting changes; terrorist acts and other acts of war; and other factors of national, regional and global scale, including those of a political, economic, business and competitive nature. See PulteGroup's Annual Report on Form 10-K for the fiscal year ended December 31, 2017 and other public filings with the Securities and Exchange Commission (the “SEC”) for a further discussion of these and other risks and uncertainties applicable to our businesses. We undertake no duty to update any forward-looking statement, whether as a result of new information, future events or changes in our expectations.



49

Item 4. Controls and Procedures

Disclosure Controls and Procedures

Management, including our President and Chief Executive Officer and Executive Vice President and Chief Financial Officer, evaluated the effectiveness of the design and operation of our disclosure controls and procedures as of September 30, 2018. Based upon, and as of the date of that evaluation, our President and Chief Executive Officer and Executive Vice President and Chief Financial Officer concluded that the disclosure controls and procedures were effective as of September 30, 2018.

Management is responsible for establishing and maintaining effective internal control over financial reporting, as such term is defined in Exchange Act Rule 13a-15(f). There was no change in our internal control over financial reporting during the quarter ended September 30, 2018 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
PART II. OTHER INFORMATION

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Issuer Purchases of Equity Securities
 

Total number
of shares
purchased
 

Average
price paid
per share
 

Total number of
shares purchased
as part of publicly
announced plans
or programs
 

Approximate dollar
value of shares
that may yet be
purchased under
the plans or
programs
($000’s omitted)
July 1, 2018 to July 31, 2018
588,960

 
$
29.59

 
588,960

 
$
471,900

(1)
August 1, 2018 to August 31, 2018
821,608

 
$
28.57

 
821,608

 
$
448,428

(1)
September 1, 2018 to September 30, 2018
968,876

 
$
26.88

 
968,876

 
$
422,380

(1)
Total
2,379,444

 
$
28.14

 
2,379,444

 
 
 
 


(1)
During the nine months ended September 30, 2018, we repurchased 5.8 million shares for a total of $172.1 million under an existing share repurchase program authorized by the Company's Board of Directors. The share repurchase authorization has $422.4 million remaining as of September 30, 2018. There is no expiration date for this program.


50



Item 6. Exhibits

Exhibit Number and Description
3
 
(a)
 
 
 
 
 
 
 
 
(b)
 
 
 
 
 
 
 
 
(c)
 
 
 
 
 
 
 
 
(d)
 
 
 
 
 
 
 
 
(e)
 
 
 
 
 
 
4
 
(a)
 
Any instrument with respect to long-term debt, where the securities authorized thereunder do not exceed 10% of the total assets of PulteGroup, Inc. and its subsidiaries, has not been filed. The Company agrees to furnish a copy of such instruments to the SEC upon request.
 
 
 
 
 
 
 
(b)
 
 
 
 
 
 
 
 
(c)
 
 
 
 
 
 
 
 
(d)
 
 
 
 
 
 
10
 
(a)
 
 
 
 
 
 
31
 
(a)
 
 
 
 
 
 
 
 
(b)
 
 
 
 
 
 
32
 
 
 
 
 
 
 
 
101.INS
 
 
 
XBRL Instance Document
 
 
 
 
 
101.SCH
 
 
 
XBRL Taxonomy Extension Schema Document
 
 
 
 
 
101.CAL
 
 
 
XBRL Taxonomy Extension Calculation Linkbase Document
 
 
 
 
 
101.DEF
 
 
 
XBRL Taxonomy Extension Definition Linkbase Document
 
 
 
 
 
101.LAB
 
 
 
XBRL Taxonomy Extension Label Linkbase Document
 
 
 
 
 
101.PRE
 
 
 
XBRL Taxonomy Extension Presentation Linkbase Document

51

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 

 
PULTEGROUP, INC.
 
 
 
 
 
 
 
 
 
 
/s/ Robert T. O'Shaughnessy
 
Robert T. O'Shaughnessy
 
Executive Vice President and Chief Financial Officer
 
(Principal Financial Officer and duly authorized officer)
 
Date:
October 23, 2018
 



52
 EX-31.A 2 exhibit31aceocertifica.htm EXHIBIT 31.A - CEO CERTIFICATION Exhibit


EXHIBIT 31(a)
CHIEF EXECUTIVE OFFICER'S CERTIFICATION
I, Ryan R. Marshall, certify that:
1.
I have reviewed this quarterly report on Form 10-Q of PulteGroup, Inc.;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a.
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b.
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c.
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d.
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.
The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a.
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b.
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
 
Date:
October 23, 2018
/s/ Ryan R. Marshall
 
 
Ryan R. Marshall
 
 
President and Chief Executive Officer



 EX-31.B 3 exhibit31bcfocertifica.htm EXHIBIT 31.B - CFO CERTIFICATION Exhibit


EXHIBIT 31(b)
CHIEF FINANCIAL OFFICER'S CERTIFICATION
I, Robert T. O'Shaughnessy, certify that:
1.
I have reviewed this quarterly report on Form 10-Q of PulteGroup, Inc.;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a.
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b.
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c.
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d.
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.
The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a.
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b.
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
 
Date:
October 23, 2018
/s/ Robert T. O'Shaughnessy
 
 
Robert T. O'Shaughnessy
 
 
Executive Vice President and
Chief Financial Officer



 EX-32 4 exhibit32-certificatio.htm EXHIBIT 32 - CERTIFICATION Exhibit


EXHIBIT 32
Certification
Pursuant to 18 United States Code § 1350 and
Rule 13a-14(b) of the Securities Exchange Act of 1934
In connection with the Quarterly Report of PulteGroup, Inc. (the “Company”) on Form 10-Q for the period ended September 30, 2018, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned hereby certifies that to his knowledge:
(1)
The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
Date:
October 23, 2018


/s/ Ryan R. Marshall
Ryan R. Marshall
President and Chief Executive Officer
/s/ Robert T. O'Shaughnessy
Robert T. O'Shaughnessy
Executive Vice President and
Chief Financial Officer



 EX-101.SCH 5 phm-20180930.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2101100 - Disclosure - Basis of Presentation link:presentationLink link:calculationLink link:definitionLink 2401405 - Disclosure - Basis of Presentation (Earnings per share) (Details) link:presentationLink link:calculationLink link:definitionLink 2401405 - Disclosure - Basis of Presentation (Earnings per share) (Details) link:presentationLink link:calculationLink link:definitionLink 2401406 - Disclosure - Basis of Presentation (Fair Value Of the Company's Derivative Instruments) (Details) link:presentationLink link:calculationLink link:definitionLink 2401404 - Disclosure - Basis of Presentation (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2401403 - Disclosure - Basis of Presentation (Other Expense (Income), Net) (Details) link:presentationLink link:calculationLink link:definitionLink 2201201 - Disclosure - Basis of Presentation (Policy) link:presentationLink link:calculationLink link:definitionLink 2301302 - Disclosure - Basis of Presentation (Tables) link:presentationLink link:calculationLink link:definitionLink 2116100 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 2416405 - Disclosure - Commitments and Contingencies (Changes in Self-insurance Liability) (Details) link:presentationLink link:calculationLink link:definitionLink 2416402 - Disclosure - Commitments and Contingencies (Changes To Anticipated Loan Losses) (Details) link:presentationLink link:calculationLink link:definitionLink 2416404 - Disclosure - Commitments and Contingencies (Changes To Warranty Liability) (Details) link:presentationLink link:calculationLink link:definitionLink 2416403 - Disclosure - Commitments and Contingencies (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2316301 - Disclosure - Commitments and Contingencies (Tables) link:presentationLink link:calculationLink link:definitionLink 1001000 - Statement - Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 1005000 - Statement - Consolidated Statements Of Cash Flows link:presentationLink link:calculationLink link:definitionLink 1003000 - Statement - Consolidated Statements of Comprehensive Income link:presentationLink link:calculationLink link:definitionLink 1002000 - Statement - Consolidated Statements Of Operations link:presentationLink link:calculationLink link:definitionLink 1004000 - Statement - Consolidated Statements Of Shareholders' Equity link:presentationLink link:calculationLink link:definitionLink 2108100 - Disclosure - Debt link:presentationLink link:calculationLink link:definitionLink 2408403 - Disclosure - Debt (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2408402 - Disclosure - Debt (Summary of Senior Notes) (Details) link:presentationLink link:calculationLink link:definitionLink 2308301 - Disclosure - Debt (Tables) link:presentationLink link:calculationLink link:definitionLink 0001000 - Document - Document and Entity Information Document link:presentationLink link:calculationLink link:definitionLink 2115100 - Disclosure - Fair Value Disclosures link:presentationLink link:calculationLink link:definitionLink 2415402 - Disclosure - Fair Value Disclosures (Details) link:presentationLink link:calculationLink link:definitionLink 2315301 - Disclosure - Fair Value Disclosures Fair Value Disclosures (Tables) link:presentationLink link:calculationLink link:definitionLink 2415403 - Disclosure - Fair Value Disclosures Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2112100 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 2412401 - Disclosure - Income Taxes (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2105100 - Disclosure - Inventory link:presentationLink link:calculationLink link:definitionLink 2405403 - Disclosure - Inventory (Information Related To Interest Capitalized Into Homebuilding Inventory) (Details) link:presentationLink link:calculationLink link:definitionLink 2405407 - Disclosure - Inventory - Inventory Fair Value Unobservable Inputs (Details) link:presentationLink link:calculationLink link:definitionLink 2405405 - Disclosure - Inventory Inventory (Summary of Land-related Charges) (Details) (Details) link:presentationLink link:calculationLink link:definitionLink 2405402 - Disclosure - Inventory (Major Components Of Inventory) (Details) link:presentationLink link:calculationLink link:definitionLink 2405406 - Disclosure - Inventory - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2405404 - Disclosure - Inventory (Summary of Interests in Land Option Agreements) (Details) link:presentationLink link:calculationLink link:definitionLink 2305301 - Disclosure - Inventory (Tables) link:presentationLink link:calculationLink link:definitionLink 2106100 - Disclosure - Segment Information link:presentationLink link:calculationLink link:definitionLink 2406402 - Disclosure - Segment Information Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2406403 - Disclosure - Segment Information (Operating Data By Segment) (Details) link:presentationLink link:calculationLink link:definitionLink 2406404 - Disclosure - Segment Information Segment Information (Land-Related Charges by Segment) (Details) link:presentationLink link:calculationLink link:definitionLink 2306301 - Disclosure - Segment Information (Tables) link:presentationLink link:calculationLink link:definitionLink 2406405 - Disclosure - Segment Information (Total Assets And Inventory By Reportable Segment) (Details) link:presentationLink link:calculationLink link:definitionLink 2109100 - Disclosure - Shareholders' Equity link:presentationLink link:calculationLink link:definitionLink 2409401 - Disclosure - Shareholders' Equity (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2117100 - Disclosure - Supplemental Guarantor Information link:presentationLink link:calculationLink link:definitionLink 2417402 - Disclosure - Supplemental Guarantor Information (Balance Sheet) (Details) link:presentationLink link:calculationLink link:definitionLink 2417404 - Disclosure - Supplemental Guarantor Information (Statement Of Cash Flows) (Details) link:presentationLink link:calculationLink link:definitionLink 2417403 - Disclosure - Supplemental Guarantor Information (Statement of Operations and Comprehensive Income (Loss)) (Details) link:presentationLink link:calculationLink link:definitionLink 2317301 - Disclosure - Supplemental Guarantor Information (Tables) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 6 phm-20180930_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 7 phm-20180930_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 8 phm-20180930_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Document And Entity Information [Abstract] Document And Entity Information [Abstract] Entity Registrant Name Entity Registrant Name Entity Central Index Key Entity Central Index Key Current Fiscal Year End Date Current Fiscal Year End Date Entity Filer Category Entity Filer Category Document Type Document Type Document Period End Date Document Period End Date Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Amendment Flag Amendment Flag Entity Emerging Growth Company Entity Emerging Growth Company Entity Small Business Entity Small Business Entity Common Stock, Shares Outstanding Entity Common Stock, Shares Outstanding Segment Reporting [Abstract] Schedule of Restructuring and Related Costs [Table] Schedule of Restructuring and Related Costs [Table] Segments [Axis] Segments [Axis] Segments [Domain] Segments [Domain] Northeast Northeast [Member] Northeast geographic segment [Member] Southeast Southeast [Member] Southeast geographic segment [Member] Florida Florida [Member] Florida geographic segment [Member] Midwest Midwest [Member] [Member] Midwest Geographic Segment [Member] Texas Texas [Member] [Member] Texas Geographic Segment [Member] West West [Member] [Member] West Geographic Segment [Member] Other homebuilding Other Homebuilding [Member] Other Homebuilding [Member] Restructuring Cost and Reserve [Line Items] Restructuring Cost and Reserve [Line Items] Production Related Impairments or Charges Production Related Impairments or Charges Commitments and Contingencies Disclosure [Abstract] Commitments and contingencies Commitments and Contingencies Disclosure [Text Block] Stockholders' Equity Note [Abstract] Schedule of Stock by Class [Table] Schedule of Stock by Class [Table] Share Repurchases [Axis] Share Repurchase Program [Axis] Share Repurchase Program [Domain] Share Repurchase Program [Domain] Share repurchase plan Share repurchase plan [Member] Authorized stock repurchase programs [Member] Shares withheld to pay taxes Shares withheld to pay taxes [Member] Shares withheld to pay taxes for restricted shares that vested during the period [Member] Class of Stock [Line Items] Class of Stock [Line Items] Dividends Dividends Share repurchases (shares) Stock Repurchased During Period, Shares Payments for repurchase of common stock Payments for Repurchase of Common Stock Remaining value of stock repurchase programs authorization Stock Repurchase Program, Remaining Authorized Repurchase Amount Fair Value Disclosures [Abstract] Fair Value, Assets Measured on Recurring and Nonrecurring Basis Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block] Supplemental Guarantor Information [Abstract] Supplemental Guarantor Information Statement [Table] Statement [Table] Consolidated Entities [Axis] Consolidated Entities [Axis] Consolidated Entities [Domain] Consolidated Entities [Domain] PulteGroup, Inc. Parent Company [Member] Guarantor Subsidiaries Guarantor Subsidiaries [Member] Non-Guarantor Subsidiaries Non-Guarantor Subsidiaries [Member] Consolidation Items [Axis] Consolidation Items [Axis] Consolidation Items [Domain] Consolidation Items [Domain] Eliminating Entries Intersegment Eliminations [Member] Statement [Line Items] Statement [Line Items] Net cash provided by (used in) operating activities Net Cash Provided by (Used in) Operating Activities Cash flows from investing activities: Net Cash Provided by (Used in) Investing Activities [Abstract] Capital expenditures Payments to Acquire Property, Plant, and Equipment Investments in unconsolidated entities Payments to Acquire Equity Method Investments Other investing activities, net Payments for (Proceeds from) Other Investing Activities Net cash provided by (used in) investing activities Net Cash Provided by (Used in) Investing Activities Cash flows from financing activities: Net Cash Provided by (Used in) Financing Activities [Abstract] Financial Services borrowings (repayments) Proceeds from (Repayments of) Lines of Credit Repayments of debt Repayments of Long-term Debt Borrowings under revolving credit facility Proceeds from Lines of Credit Repayments under revolving credit facility Repayments of Lines of Credit Debt issuance costs Payments of Debt Issuance Costs Stock option exercises Proceeds from Issuance of Common Stock Share repurchases Dividends paid Payments of Dividends Intercompany activities, net Proceeds from Contributions from Parent Net cash provided by (used in) financing activities Net Cash Provided by (Used in) Financing Activities Net increase (decrease) in cash, cash equivalents, and restricted cash Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect Cash, cash equivalents, and restricted cash at beginning of period Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents Cash, cash equivalents, and restricted cash at end of period Loss Contingency Accrual Loss Contingency Accrual Debt Disclosure [Abstract] Schedule of Long-term Debt Instruments [Table] Schedule of Long-term Debt Instruments [Table] Debt Instrument [Axis] Debt Instrument [Axis] Debt Instrument, Name [Domain] Debt Instrument, Name [Domain] 4.250% unsecured senior notes due March 2021 4.250% unsecured senior notes due March 2021 [Member] 4.250% unsecured senior notes due March 2021 5.500% unsecured senior notes due March 2026 5.500% unsecured senior notes due March 2026 [Member] 5.500% unsecured senior notes due March 2026 [Member] 5.000% unsecured senior notes due January 2027 Senior Unsecured Term Loan Maturing January 3, 2027 [Member] [Domain] Senior Unsecured Term Loan Maturing January 3, 2027 [Member] [Domain] 7.875% unsecured senior notes due June 2032 Unsecured Senior Notes 7.875% due June 2032 [Member] Unsecured Senior Notes 7.875% due June 2032 6.375% unsecured senior notes due May 2033 Unsecured Senior Notes 6.375% due May 2033 [Member] Unsecured Senior Notes 6.375% due May 2033 6.000% unsecured senior notes due February 2035 Unsecured Senior Notes 6.00% due February 2035 [Member] Unsecured Senior Notes 6.00% due February 2035 Long-term Debt, Type [Axis] Long-term Debt, Type [Axis] Long-term Debt, Type [Domain] Long-term Debt, Type [Domain] Senior Notes Senior Notes [Member] Debt Instrument [Line Items] Debt Instrument [Line Items] Stated interest rate Debt Instrument, Interest Rate, Stated Percentage Face amount Debt Instrument, Face Amount Net premiums, discounts, and issuance costs (b) Debt Issuance Costs, Net Total senior notes Senior Notes Other notes payable Other Notes Payable Notes payable Notes Payable Estimated fair value Notes Payable, Fair Value Disclosure Income Tax Disclosure [Abstract] Effective income tax Effective Income Tax Rate Reconciliation, Percent Deferred tax assets, net Deferred Tax Assets, Net Gross unrecognized tax benefits Unrecognized Tax Benefits Accrued interest and penalties on unrecognized tax benefits Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued Possible decrease in unrecognized tax benefits Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit Income Statement [Abstract] Product and Service [Axis] Product and Service [Axis] Product and Service [Domain] Product and Service [Domain] Home sale Home Building [Member] Land sale and other Land [Member] Total Homebuilding Real Estate [Member] Financial Services Financial Service [Member] Revenues: Revenues [Abstract] Revenues Revenue from Contract with Customer, Including Assessed Tax Total revenues Revenues Homebuilding Cost of Revenues: Cost of Revenue [Abstract] Cost of revenues Cost of Goods and Services Sold Cost of revenues Cost of Revenue Selling, general, and administrative expenses Selling, General and Administrative Expense Other income (expense), net Nonoperating Income (Expense) Income before income taxes Income (Loss) from Continuing Operations before Income Taxes, Domestic Income tax expense Income Tax Expense (Benefit) Net income Net Income (Loss) Attributable to Parent Per share: Earnings Per Share [Abstract] Basic earnings (usd per share) Earnings Per Share, Basic Diluted earnings (usd per share) Earnings Per Share, Diluted Cash dividends declared (usd per share) Common Stock, Dividends, Per Share, Declared Number of shares used in calculation: Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract] Basic shares outstanding (shares) Weighted Average Number of Shares Outstanding, Basic Effect of dilutive securities (shares) Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements Diluted shares outstanding (shares) Weighted Average Number of Shares Outstanding, Diluted Homebuilding Real Estate [Abstract] Accounting Policies [Abstract] Numerator: Earnings Per Share, Basic [Abstract] Net income Less: earnings distributed to participating securities Participating Securities, Distributed and Undistributed Earnings (Loss), Basic Less: undistributed earnings allocated to participating securities Undistributed Earnings (Loss) Allocated to Participating Securities, Basic Numerator for basic earnings per share Net Income (Loss) Available to Common Stockholders, Basic Add back: undistributed earnings allocated to participating securities Less: undistributed earnings reallocated to participating securities Undistributed Earnings (Loss) Allocated to Participating Securities, Diluted Numerator for diluted earnings per share Net Income (Loss) Available to Common Stockholders, Diluted Denominator: Weighted Average Number of Shares Outstanding, Diluted [Abstract] Effect of dilutive securities (shares) Diluted shares outstanding (shares) Earnings per share: Components of Reportable Segments Schedule of Segment Reporting Information, by Segment [Table Text Block] Operating Data By Reporting Segment Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] Total Assets And Inventory By Reporting Segment Reconciliation of Assets from Segment to Consolidated [Table Text Block] Segment information Segment Reporting Disclosure [Text Block] Statement of Stockholders' Equity [Abstract] Equity Components [Axis] Equity Components [Axis] Equity Component [Domain] Equity Component [Domain] Common Stock Common Stock [Member] Additional Paid-in Capital Additional Paid-in Capital [Member] Accumulated Other Comprehensive Income (Loss) AOCI Attributable to Parent [Member] Retained Earnings Retained Earnings [Member] Increase (Decrease) in Stockholders' Equity [Roll Forward] Increase (Decrease) in Stockholders' Equity [Roll Forward] Shareholders' Equity, shares beginning of period (shares) Common Stock, Shares, Outstanding Shareholders' Equity beginning of period Stockholders' Equity Attributable to Parent Cumulative effect of accounting change (see Note 1) Cumulative Effect on Retained Earnings, Net of Tax Stock option exercises (shares) Stock Issued During Period, Shares, New Issues Stock option exercises Stock Issued During Period, Value, Stock Options Exercised Stock issuances, net of cancellations (shares) Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures Stock issuances, net of cancellations Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures Dividends declared Share repurchases (shares) Share repurchases Stock Repurchased During Period, Value Share-based compensation Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition Other comprehensive income Other Comprehensive Income (Loss), Net of Tax Shareholders' Equity, shares end of period (shares) Shareholders' Equity end of period Inventory Disclosure [Abstract] Schedule of Variable Interest Entities [Table] Schedule of Variable Interest Entities [Table] Variable Interest Entities [Axis] Variable Interest Entities [Axis] Variable Interest Entity, Classification [Domain] Variable Interest Entity, Classification [Domain] Land options with VIEs Consolidated and Unconsolidated VIEs [Member] Consolidated and Unconsolidated VIEs [Member] Other land options Other Land Option Agreements Member Other Land Option Agreements [Member] Variable Interest Entity [Line Items] Variable Interest Entity [Line Items] Deposits and Pre-acquisition Costs Purchase Options, Land Remaining Purchase Price Remaining Purchase Price Of All Land Option Agreements Remaining Purchase Price Of All Land Option Agreements Schedule of Segment Reporting Information, by Segment [Table] Schedule of Segment Reporting Information, by Segment [Table] Florida Midwest MidWest [Member] MidWest Geographic Segment [Member] Texas Texas [Member] Texas Geographic Segment [Member] West Southwest [Member] Southwest Geographic Segment [Member] Home sales Financial Services Financial Services Member Financial Services [Member] Segment Reporting Information Segment Reporting Information [Line Items] Total revenues Income before Income Taxes: Segment Reporting Information, Income (Loss) before Income Taxes [Abstract] Income before income taxes Product warranty expense Product Warranty Expense West area gains on land sale transactions West_area_2Q18_land_sale West area 2Q18 land gains Number of land sales West_2Q18_land_sales_number West_2Q18_land_sales_number Adjustment to self insurance reserves Adjustment to self insurance reserves Adjustment to self insurance reserves Write-off of insurance receivables Write-off of insurance receivables Write-off of insurance receivables Homes under construction Inventory, Homes under Construction Land under development Land Available for Development Raw land Inventory, Real Estate, Land and Land Development Costs Total Inventory Inventory, Operative Builders Total Assets Assets Changes in Self-insurance Liability [Roll Forward] Changes in Self-insurance Liability [Roll Forward] Changes in Self-insurance Liability [Roll Forward] Balance, beginning of period Self Insurance Reserve Reserves provided, net Additions to self insurance reserves Additions to self insurance reserves during the period Adjustments to previously recorded reserves (a) Increase (Decrease) in Liability for Claims and Claims Adjustment Expense Reserve Payments, net (b) Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid Balance, end of period Shareholders’ equity Stockholders' Equity Note Disclosure [Text Block] Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] Other comprehensive income, net of tax: Other Comprehensive Income (Loss), Net of Tax [Abstract] Change in value of derivatives Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax Other comprehensive income Comprehensive income (loss) Comprehensive Income (Loss), Net of Tax, Attributable to Parent Schedule of Senior Notes Schedule of Long-term Debt Instruments [Table Text Block] Statement of Cash Flows [Abstract] Cash flows from operating activities: Net Cash Provided by (Used in) Operating Activities [Abstract] Adjustments to reconcile net income to net cash from operating activities: Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Deferred income tax expense Deferred Income Tax Expense (Benefit) Land-related charges Impairment of Real Estate Depreciation and amortization Depreciation, Depletion and Amortization, Nonproduction Share-based compensation expense Share-based Compensation Other, net Other Noncash Income (Expense) Increase (decrease) in cash due to: Increase (Decrease) in Operating Capital [Abstract] Inventories Increase (Decrease) in Inventories Residential mortgage loans available-for-sale Increase (Decrease) in Mortgage Loans Held-for-sale Other assets Increase (Decrease) in Other Operating Assets Accounts payable, accrued and other liabilities Increase (Decrease) in Accounts Payable and Accrued Liabilities Net cash provided by (used in) operating activities Debt issuance costs Net increase (decrease) in cash, cash equivalents, and restricted cash Supplemental Cash Flow Information: Supplemental Cash Flow Information [Abstract] Interest paid (capitalized), net Interest paid (capitalized), net Interest paid (capitalized), net Income taxes paid, net Income Taxes Paid, Net Inventory Inventory Disclosure [Text Block] Supplemental Guarantor information Condensed Financial Information of Parent Company Only Disclosure [Text Block] Fair Value Measurement Inputs and Valuation Techniques [Table] Fair Value Measurement Inputs and Valuation Techniques [Table] Measurement Input Type [Axis] Measurement Input Type [Axis] Measurement Input Type [Domain] Measurement Input Type [Domain] Measurement Input, Discount Rate Measurement Input, Discount Rate [Member] Range [Axis] Range [Axis] Range [Domain] Range [Domain] Minimum Minimum [Member] Maximum Maximum [Member] Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) Fair Value, Option, Quantitative Disclosures [Line Items] Average selling price ($000s) average selling price of impaired communities average selling price of impaired communities Sales pace per quarter (units) sales pace per quarter sales pace per quarter Discount rate DiscountRateFairValue DiscountRateFairValue Debt Debt Disclosure [Text Block] Loss Contingencies [Table] Loss Contingencies [Table] Loss Contingencies [Line Items] Loss Contingencies [Line Items] Movement in Standard Product Warranty Accrual [Roll Forward] Movement in Standard Product Warranty Accrual [Roll Forward] Warranty liabilities, beginning of period Standard Product Warranty Accrual Reserves provided Standard Product Warranty Accrual, Increase for Warranties Issued Payments Standard Product Warranty Accrual, Decrease for Payments Other adjustments (a) Standard and Extended Product Warranty Accrual, Increase (Decrease) for Preexisting Warranties Warranty liabilities, end of period Product warranty expense Statement of Financial Position [Abstract] ASSETS Assets [Abstract] Cash and equivalents Cash and Cash Equivalents, at Carrying Value Restricted cash Restricted Cash and Cash Equivalents Total cash, cash equivalents, and restricted cash House and land inventory Land held for sale Inventory, Real Estate, Held-for-sale Residential mortgage loans available-for-sale Loans Held-for-sale, Fair Value Disclosure Investments in unconsolidated entities Equity Method Investments Other assets Other Assets Intangible assets Intangible Assets, Net (Excluding Goodwill) Deferred tax assets, net Deferred Income Tax Assets, Net Total assets LIABILITIES AND SHAREHOLDERS' EQUITY Liabilities and Equity [Abstract] Liabilities: Liabilities [Abstract] Accounts payable Accounts Payable Customer deposits Customer Advances and Deposits Accrued and other liabilities Accrued Liabilities Income tax liabilities Accrued Income Taxes Financial Services debt Long-term Line of Credit Total liabilities Liabilities Shareholders' equity Total liabilities and shareholders' equity Liabilities and Equity Balance Sheet Location [Axis] Balance Sheet Location [Axis] Balance Sheet Location [Domain] Balance Sheet Location [Domain] Other Assets Other Assets [Member] Letters of credit outstanding Letters of Credit Outstanding, Amount Surety bonds outstanding Surety Bonds Outstanding Surety Bonds Outstanding Maximum product warranty in years Maximum product warranty in years Maximum product warranty in years Number of individual claims managed Number Of Claims Under Review By Management Number Of Claims Under Review By Management Self-insurance liabilities Incurred but not reported percentage of liability reserves Incurred but not reported percentage of liability reserves Incurred but not reported percentage of liability reserves Recorded insurance receivables Loss Contingency, Receivable Litigation of recorded insurance receivable Litigation of Recorded Insurance Receivable Litigation of Recorded Insurance Receivable Fair Value Measurements, Recurring and Nonrecurring [Table] Fair Value Measurements, Recurring and Nonrecurring [Table] Financial Instrument [Axis] Financial Instrument [Axis] Financial Instruments [Domain] Financial Instruments [Domain] Residential Mortgage Residential Mortgage [Member] Interest rate lock commitments Interest Rate Lock Commitments [Member] Forward contracts Forward Contracts [Member] Whole loan commitments Loan Purchase Commitments [Member] Asset Class [Axis] Asset Class [Axis] Asset Class [Domain] Asset Class [Domain] House and land inventory Long Lived Assets Held-for-sale by Asset Type [Axis] Long Lived Assets Held-for-sale by Asset Type [Axis] Fair Value Measurement [Domain] Long Lived Assets Held-for-sale, Name [Domain] Land held for sale Land Held For Sale [Member] Land Held For Sale [Member] Measurement Frequency [Axis] Measurement Frequency [Axis] Fair Value, Measurement Frequency [Domain] Fair Value, Measurement Frequency [Domain] Fair Value, Measurements, Recurring Fair Value, Measurements, Recurring [Member] Fair Value, Measurements, Nonrecurring Fair Value, Measurements, Nonrecurring [Member] Fair Value Hierarchy and NAV [Axis] Fair Value Hierarchy and NAV [Axis] Fair Value Hierarchy and NAV [Domain] Fair Value Hierarchy and NAV [Domain] Level 2 Fair Value, Inputs, Level 2 [Member] Level 3 Fair Value, Inputs, Level 3 [Member] Level 1 Fair Value, Inputs, Level 1 [Member] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Measured at fair value on a recurring basis: Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract] Financial and Nonfinancial Liabilities, Fair Value Disclosure Financial and Nonfinancial Liabilities, Fair Value Disclosure Measured at fair value on a non-recurring basis: Fair Value, Assets and Liabilities Measured on Non-Recurring Basis [Abstract] Fair Value, Assets and Liabilities Measured on Non-Recurring Basis [Abstract] Assets, Fair Value Disclosure Assets, Fair Value Disclosure Disclosed at fair value: Fair Value Disclosure [Abstract] Fair Value Disclosure [Abstract] Cash, cash equivalents, and restricted cash Cash and Cash Equivalents, Fair Value Disclosure Financial Services debt Lines of Credit, Fair Value Disclosure Senior notes payable Debt Instrument, Fair Value Disclosure Number of communities tested for impairment Number Of Communities Tested For Impairment Number Of Communities Tested For Impairment Number of units in real estate property Number of Units in Real Estate Property Net realizable value adjustments (NRV) - land held for sale Net Realizable Value Adjustments Land Held For Sale Total Charge against earnings in the period to reduce the current value of land held for sale to its fair value. Carrying amount impaired land - prior impairment Carryingamountimpairedland-priorimpairment Carrying amount impairedl land - prior impairment Number of communities Number Of Communities Number Of Communities Land inventory impairments Intercompany interest Intercompany Interest Intercompany interest expense (income). Income (loss) before income taxes and equity in income (loss) of subsidiaries Income (Loss) Before Income Taxes And Equity In Income (Loss) Of Subsidiaries Income (Loss) Before Income Taxes And Equity In Income (Loss) Of Subsidiaries Income tax (expense) benefit Income (loss) before equity in income (loss) of subsidiaries Income (loss) before equity in income (loss) of subsidiaries Income (loss) before equity in income (loss) of subsidiaries Equity in income (loss) of subsidiaries Equity In Income Loss Of Subsidiaries Equity in income (loss) of subsidiaries Consolidation policy Consolidation, Policy [Policy Text Block] Use of estimates Use of Estimates, Policy [Policy Text Block] Reclassifications Reclassification, Policy [Policy Text Block] Subsequent events Subsequent Events, Policy [Policy Text Block] Revenue recognition Revenue Recognition, Policy [Policy Text Block] Earnings per share Earnings Per Share, Policy [Policy Text Block] Residential mortgage loans available-for-sale Marketable Securities, Policy [Policy Text Block] Derivative instruments and hedging activities Derivatives, Policy [Policy Text Block] New accounting pronouncements New Accounting Pronouncements, Policy [Policy Text Block] Inventory interest capitalization Inventory, Interest Capitalization Policy [Policy Text Block] Fair value of financial instruments Fair Value of Financial Instruments, Policy [Policy Text Block] Letters of credit and surety bonds Letters of credit and surety bonds [Policy Text Block] [Table Text Block] for Letters of credit and surety bonds [Table] Legal reserves Legal Costs, Policy [Policy Text Block] Allowance for warranties Standard Product Warranty, Policy [Policy Text Block] Self insured risks Self Insurance Reserve [Policy Text Block] Schedule of Finite-Lived Intangible Assets [Table] Schedule of Finite-Lived Intangible Assets [Table] Types of Financial Instruments [Domain] Finite-Lived Intangible Assets [Line Items] Finite-Lived Intangible Assets [Line Items] Gain (loss) on land sale gains, net Gain (loss) on Land Sale gains, Net Gain (loss) on Land Sale gains, Net contract asset insurance renewals contract asset insurance renewals contract asset insurance renewals Residential mortgage loans available-for-sale fair value Residential mortgage loans available-for-sale aggregate outstanding principal balance Inventory, Real Estate, Mortgage Loans Held in Inventory Changes in fair value, gain (loss) Fair Value, Option, Changes in Fair Value, Gain (Loss) Net gains from the sale of mortgages Gain (Loss) on Sale of Mortgage Loans Derivative, notional amount Derivative, Notional Amount Variability in future cash flows of derivative instruments in days Maximum Length of Time Hedged in Cash Flow Hedge Schedule of Fair Value, Off-balance Sheet Risks [Table] Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] Other Assets Derivative Instruments in Hedges, Assets, at Fair Value Accrued and Other Liabilities Derivative Instruments in Hedges, Liabilities, at Fair Value Write-offs of deposits and pre-acquisition costs Write Off Of Deposits And Pre Acquisition Costs Write Off Of Deposits And Pre Acquisition Costs Amortization of intangible assets Amortization of Intangible Assets Interest income Interest Income, Other Interest expense Interest Expense, Other Equity in earnings (loss) of unconsolidated entities Income (Loss) from Equity Method Investments Miscellaneous, net Other Nonoperating Income (Expense) Total other expense, net Impairments of unconsolidated entities Impairment Losses Related to Real Estate Partnerships Real Estate Inventory, Capitalized Interest Costs [Roll Forward] Real Estate Inventory, Capitalized Interest Costs [Roll Forward] Interest in inventory, beginning of period Real Estate Inventory, Capitalized Interest Costs Interest capitalized Real Estate Inventory, Capitalized Interest Costs Incurred Interest expensed Real Estate Inventory, Capitalized Interest Costs, Cost of Sales Interest in inventory, end of period Schedule of Other Expense (Income), Net Schedule of Other Nonoperating Income (Expense) [Table Text Block] Schedule of Earnings Per Share Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Table Text Block] Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] Debt Instrument, Effective Period [Axis] Debt Instrument, Effective Period [Axis] Debt Instrument, Effective Period [Axis] Effective Period [Domain] Effective Period [Domain] [Domain] for Effective Period [Axis] Amendment Effective September 24, 2018 through and including December 25, 2018 Debt Instrument, Effective Period, Period One [Member] Debt Instrument, Effective Period, Period One [Member] Amendment Effective December 26, 2018 through and including January 14, 2019 Debt Instrument, Effective Period, Period Two [Member] Debt Instrument, Effective Period, Period Two [Member] Amendment Effective January 15, 2019 through and including March 24, 2019 Debt Instrument, Effective Period, Period Three [Member] Debt Instrument, Effective Period, Period Three [Member] Amendment Effective March 25, 2019 through August 2, 2019 Debt Instrument, Effective Period, Period Four [Member] Debt Instrument, Effective Period, Period Four [Member] Short-term Debt, Type [Axis] Short-term Debt, Type [Axis] Short-term Debt, Type [Domain] Short-term Debt, Type [Domain] Revolving Credit Facility Accordion Feature Revolving Credit Facility Accordion Feature [Member] Revolving Credit Facility Accordion Feature [Member] Revolving Credit Facility Revolving Credit Facility [Member] Line of Credit Line of Credit [Member] Investment, Name [Axis] Investment, Name [Axis] Investment, Name [Domain] Investment, Name [Domain] Unconsolidated Joint Ventures Unconsolidated Joint Ventures [Member] Unconsolidated Joint Ventures [Member] Debt instrument term Debt Instrument, Term Maximum borrowing capacity Line of Credit Facility, Maximum Borrowing Capacity Maximum additional issuance Debt Covenant, Additional Issuance of Letters of Credit Maximum Debt Covenant, Additional Issuance of Letters of Credit Maximum Line of credit, current Line of Credit, Current Line of credit facility, remaining borrowing capacity Line of Credit Facility, Remaining Borrowing Capacity Joint venture debt total Joint Venture Debt Total Joint Venture Debt Total Joint venture debt company proportionate share total Joint Venture Debt Company Proportionate Share Total Total liability for proportionate share of joint venture debt. Equity method investment, ownership percentage Equity Method Investment, Ownership Percentage Long-term line of credit Write-offs of deposits and pre-acquisition costs Total land-related charges Restricted cash Investments in subsidiaries and intercompany accounts, net Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures Accounts payable, customer deposits, accrued and other liabilities Accounts Payable and Accrued Liabilities Total shareholders’ equity Total liabilities and shareholders' equity Summary of Changes in Loan Origination Liability Summary of changes in loan origination liability [Table Text Block] Summary of changes in loan origination liability [Table Text Block] Summary of Changes in Warranty Liability Schedule of Product Warranty Liability [Table Text Block] Summary of Changes in Self-Insurance Liability Self-insurance liability rollforward [Table Text Block] Self-insurance liability rollforward Basis of presentation Basis of Presentation and Significant Accounting Policies [Text Block] Consolidating Balance Sheet Condensed Balance Sheet [Table Text Block] Consolidating Statement of Operations and Comprehensive Income (Loss) Condensed Income Statement [Table Text Block] Consolidating Statement Of Cash Flows Condensed Cash Flow Statement [Table Text Block] Number of reportable segments Number of Reportable Segments Components of Inventory Components of inventory [Table Text Block] Components of homebuilder inventory Capitalized Interest Rollforward Homebuilder capitalized interest rollforward [Table Text Block] Homebuilder capitalized interest rollforward [Table Text Block] Schedule Of Company Interests In Land Option Agreements Schedule Of Company Interests In Land Option Agreements [Table Text Block] Schedule Of Company Interests In Land Option Agreements [Table Text Block] Schedule Of Impairment Losses Schedule Of Impairment Losses [Table Text Block] Schedule Of Impairment Losses [Table Text Block] Schedule of Fair Value Inputs Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] Fair value disclosures Fair Value Disclosures [Text Block] Income taxes Income Tax Disclosure [Text Block] EX-101.PRE 9 phm-20180930_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 10 phm930201810-q_htm.xml IDEA: XBRL DOCUMENT 0000822416 2018-01-01 2018-09-30 0000822416 us-gaap:HomeBuildingMember 2018-01-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:TexasMember 2017-07-01 2017-09-30 0000822416 phm:TexasMember 2017-01-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:SouthwestMember 2017-01-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:SouthwestMember 2017-07-01 2017-09-30 0000822416 phm:SouthwestMember 2018-07-01 2018-09-30 0000822416 phm:FloridaMember 2018-07-01 2018-09-30 0000822416 phm:MidWestMember 2017-01-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:MidWestMember 2018-07-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:TexasMember 2018-01-01 2018-09-30 0000822416 phm:SouthwestMember 2017-01-01 2017-09-30 0000822416 us-gaap:LandMember 2018-07-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:SouthwestMember 2018-07-01 2018-09-30 0000822416 phm:SoutheastMember 2018-07-01 2018-09-30 0000822416 phm:NortheastMember 2018-01-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:NortheastMember 2018-01-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:NortheastMember 2017-07-01 2017-09-30 0000822416 us-gaap:HomeBuildingMember 2018-01-01 2018-09-30 0000822416 us-gaap:HomeBuildingMember 2017-01-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:SoutheastMember 2017-07-01 2017-09-30 0000822416 phm:SouthwestMember 2017-07-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:MidWestMember 2017-01-01 2017-09-30 0000822416 us-gaap:LandMember 2018-01-01 2018-09-30 0000822416 phm:TexasMember 2018-07-01 2018-09-30 0000822416 phm:OtherHomebuildingMember 2018-01-01 2018-09-30 0000822416 phm:FinancialServicesMember 2017-07-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:SoutheastMember 2018-07-01 2018-09-30 0000822416 phm:SoutheastMember 2017-01-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:NortheastMember 2017-01-01 2017-09-30 0000822416 phm:OtherHomebuildingMember 2017-07-01 2017-09-30 0000822416 phm:TexasMember 2018-01-01 2018-09-30 0000822416 phm:OtherHomebuildingMember 2017-01-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:NortheastMember 2018-07-01 2018-09-30 0000822416 us-gaap:FinancialServiceMember 2017-07-01 2017-09-30 0000822416 phm:FinancialServicesMember 2018-01-01 2018-09-30 0000822416 us-gaap:HomeBuildingMember 2018-09-30 0000822416 phm:SouthwestMember 2018-09-30 0000822416 phm:OtherHomebuildingMember 2017-12-31 0000822416 phm:SouthwestMember 2017-12-31 0000822416 phm:NortheastMember 2018-09-30 0000822416 phm:FloridaMember 2018-09-30 0000822416 phm:NortheastMember 2017-12-31 0000822416 phm:TexasMember 2017-12-31 0000822416 phm:TexasMember 2018-09-30 0000822416 us-gaap:RealEstateMember 2017-01-01 2017-09-30 0000822416 phm:OtherHomebuildingMember 2018-09-30 0000822416 phm:SoutheastMember 2017-12-31 0000822416 phm:FinancialServicesMember 2017-12-31 0000822416 phm:MidWestMember 2018-09-30 0000822416 phm:FloridaMember 2017-12-31 0000822416 phm:MidWestMember 2017-12-31 0000822416 phm:FinancialServicesMember 2018-09-30 0000822416 phm:SoutheastMember 2018-09-30 0000822416 us-gaap:HomeBuildingMember 2017-12-31 0000822416 phm:TexasMemberMember 2017-01-01 2017-09-30 0000822416 us-gaap:FinancialServiceMember 2018-07-01 2018-09-30 0000822416 phm:MidwestMemberMember 2018-01-01 2018-09-30 0000822416 phm:MidwestMemberMember 2017-01-01 2017-09-30 0000822416 phm:MidwestMemberMember 2017-07-01 2017-09-30 0000822416 phm:TexasMemberMember 2018-07-01 2018-09-30 0000822416 phm:WestMemberMember 2017-07-01 2017-09-30 0000822416 phm:WestMemberMember 2018-01-01 2018-09-30 0000822416 phm:WestMemberMember 2017-01-01 2017-09-30 0000822416 phm:MidwestMemberMember 2018-07-01 2018-09-30 0000822416 phm:TexasMemberMember 2018-01-01 2018-09-30 0000822416 phm:WestMemberMember 2018-07-01 2018-09-30 0000822416 us-gaap:LandMember 2017-01-01 2017-09-30 0000822416 phm:TexasMemberMember 2017-07-01 2017-09-30 0000822416 phm:UnsecuredSeniorNotes7875DueJune2032Member us-gaap:SeniorNotesMember 2018-09-30 0000822416 phm:UnsecuredSeniorNotes7875DueJune2032Member us-gaap:SeniorNotesMember 2017-12-31 0000822416 phm:UnsecuredSeniorNotes600DueFebruary2035Member us-gaap:SeniorNotesMember 2017-12-31 0000822416 phm:A5.500unsecuredseniornotesdueMarch2026Member us-gaap:SeniorNotesMember 2017-12-31 0000822416 phm:UnsecuredSeniorNotes600DueFebruary2035Member us-gaap:SeniorNotesMember 2018-09-30 0000822416 phm:A4.250unsecuredseniornotesdueMarch2021Member us-gaap:SeniorNotesMember 2018-09-30 0000822416 phm:SeniorUnsecuredTermLoanMaturingJanuary32027MemberDomain us-gaap:SeniorNotesMember 2018-09-30 0000822416 phm:A5.500unsecuredseniornotesdueMarch2026Member us-gaap:SeniorNotesMember 2018-09-30 0000822416 phm:UnsecuredSeniorNotes6375DueMay2033Member us-gaap:SeniorNotesMember 2018-09-30 0000822416 us-gaap:RealEstateMember 2018-07-01 2018-09-30 0000822416 phm:UnsecuredSeniorNotes6375DueMay2033Member us-gaap:SeniorNotesMember 2017-12-31 0000822416 phm:SeniorUnsecuredTermLoanMaturingJanuary32027MemberDomain us-gaap:SeniorNotesMember 2017-12-31 0000822416 phm:A4.250unsecuredseniornotesdueMarch2021Member us-gaap:SeniorNotesMember 2017-12-31 0000822416 us-gaap:LineOfCreditMember phm:FinancialServicesMember 2018-09-30 0000822416 us-gaap:LineOfCreditMember phm:FinancialServicesMember phm:DebtInstrumentEffectivePeriodPeriodFourMember 2018-09-30 0000822416 us-gaap:RevolvingCreditFacilityMember 2018-01-01 2018-09-30 0000822416 phm:RevolvingCreditFacilityAccordionFeatureMember 2018-09-30 0000822416 phm:RevolvingCreditFacilityAccordionFeatureMember 2017-10-13 0000822416 us-gaap:LineOfCreditMember phm:FinancialServicesMember phm:DebtInstrumentEffectivePeriodPeriodThreeMember 2018-09-30 0000822416 us-gaap:LineOfCreditMember phm:FinancialServicesMember phm:DebtInstrumentEffectivePeriodPeriodOneMember 2018-09-30 0000822416 us-gaap:HomeBuildingMember 2017-07-01 2017-09-30 0000822416 us-gaap:LineOfCreditMember phm:FinancialServicesMember 2017-12-31 0000822416 srt:MaximumMember 2018-09-30 0000822416 us-gaap:LineOfCreditMember phm:FinancialServicesMember phm:DebtInstrumentEffectivePeriodPeriodTwoMember 2018-09-30 0000822416 us-gaap:RevolvingCreditFacilityMember 2018-09-30 0000822416 phm:UnconsolidatedJointVenturesMember 2018-09-30 0000822416 us-gaap:RevolvingCreditFacilityMember 2017-12-31 0000822416 phm:ShareswithheldtopaytaxesMember 2017-01-01 2017-09-30 0000822416 phm:SharerepurchaseplanMember 2017-01-01 2017-09-30 0000822416 phm:ShareswithheldtopaytaxesMember 2018-01-01 2018-09-30 0000822416 phm:SharerepurchaseplanMember 2018-01-01 2018-09-30 0000822416 us-gaap:RealEstateMember 2017-07-01 2017-09-30 0000822416 phm:SharerepurchaseplanMember 2018-09-30 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:LoanPurchaseCommitmentsMember 2017-12-31 0000822416 us-gaap:LandMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2018-09-30 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember phm:LandHeldForSaleMember 2017-12-31 0000822416 us-gaap:LandMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2017-12-31 0000822416 us-gaap:FairValueInputsLevel2Member 2017-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:InterestRateLockCommitmentsMember 2017-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForwardContractsMember 2018-09-30 0000822416 us-gaap:FairValueInputsLevel2Member 2018-09-30 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageMember 2017-12-31 0000822416 2018-10-18 0000822416 us-gaap:LandMember 2017-07-01 2017-09-30 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:InterestRateLockCommitmentsMember 2018-09-30 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember phm:LandHeldForSaleMember 2018-09-30 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageMember 2018-09-30 0000822416 us-gaap:FairValueInputsLevel1Member 2017-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForwardContractsMember 2017-12-31 0000822416 us-gaap:FairValueInputsLevel1Member 2018-09-30 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:LoanPurchaseCommitmentsMember 2018-09-30 0000822416 us-gaap:OtherAssetsMember 2018-09-30 0000822416 us-gaap:OtherAssetsMember 2017-12-31 0000822416 srt:ParentCompanyMember 2018-09-30 0000822416 us-gaap:HomeBuildingMember 2018-07-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember 2018-09-30 0000822416 srt:NonGuarantorSubsidiariesMember 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember 2017-12-31 0000822416 srt:NonGuarantorSubsidiariesMember 2017-12-31 0000822416 srt:ParentCompanyMember 2017-12-31 0000822416 srt:GuarantorSubsidiariesMember 2017-12-31 0000822416 srt:GuarantorSubsidiariesMember 2018-01-01 2018-09-30 0000822416 srt:NonGuarantorSubsidiariesMember 2018-01-01 2018-09-30 0000822416 srt:ParentCompanyMember 2018-01-01 2018-09-30 0000822416 us-gaap:RealEstateMember 2018-01-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember 2018-01-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:LandMember 2017-01-01 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember 2017-01-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember 2017-01-01 2017-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:FinancialServiceMember 2017-01-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:LandMember 2017-01-01 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:RealEstateMember 2017-01-01 2017-09-30 0000822416 us-gaap:IntersegmentEliminationMember 2017-01-01 2017-09-30 0000822416 srt:ParentCompanyMember us-gaap:FinancialServiceMember 2017-01-01 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:LandMember 2017-01-01 2017-09-30 0000822416 us-gaap:HomeBuildingMember 2017-01-01 2017-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:HomeBuildingMember 2017-01-01 2017-09-30 0000822416 srt:ParentCompanyMember 2017-01-01 2017-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:RealEstateMember 2017-01-01 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2017-01-01 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2017-01-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2017-01-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2017-01-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:RealEstateMember 2017-01-01 2017-09-30 0000822416 srt:ParentCompanyMember us-gaap:RealEstateMember 2017-01-01 2017-09-30 0000822416 srt:ParentCompanyMember us-gaap:HomeBuildingMember 2017-01-01 2017-09-30 0000822416 us-gaap:RetainedEarningsMember 2018-01-01 2018-09-30 0000822416 srt:ParentCompanyMember us-gaap:LandMember 2017-01-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:LandMember 2018-01-01 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2018-01-01 2018-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2018-01-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:RealEstateMember 2018-01-01 2018-09-30 0000822416 srt:ParentCompanyMember us-gaap:FinancialServiceMember 2018-01-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:LandMember 2018-01-01 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2018-01-01 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:LandMember 2018-01-01 2018-09-30 0000822416 srt:ParentCompanyMember us-gaap:LandMember 2018-01-01 2018-09-30 0000822416 us-gaap:RetainedEarningsMember 2017-01-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2018-01-01 2018-09-30 0000822416 srt:ParentCompanyMember us-gaap:HomeBuildingMember 2018-01-01 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:RealEstateMember 2018-01-01 2018-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:RealEstateMember 2018-01-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:HomeBuildingMember 2018-01-01 2018-09-30 0000822416 srt:ParentCompanyMember us-gaap:RealEstateMember 2018-01-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:FinancialServiceMember 2018-01-01 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2017-07-01 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:LandMember 2017-07-01 2017-09-30 0000822416 srt:ParentCompanyMember 2017-07-01 2017-09-30 0000822416 us-gaap:RetainedEarningsMember 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:RealEstateMember 2017-07-01 2017-09-30 0000822416 us-gaap:IntersegmentEliminationMember 2017-07-01 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2017-07-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember 2017-07-01 2017-09-30 0000822416 srt:ParentCompanyMember us-gaap:RealEstateMember 2017-07-01 2017-09-30 0000822416 srt:ParentCompanyMember us-gaap:FinancialServiceMember 2017-07-01 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember 2017-07-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:RealEstateMember 2017-07-01 2017-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:LandMember 2017-07-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2017-07-01 2017-09-30 0000822416 us-gaap:CommonStockMember 2017-01-01 2017-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:HomeBuildingMember 2017-07-01 2017-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:FinancialServiceMember 2017-07-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:LandMember 2017-07-01 2017-09-30 0000822416 srt:ParentCompanyMember us-gaap:LandMember 2017-07-01 2017-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:RealEstateMember 2017-07-01 2017-09-30 0000822416 srt:ParentCompanyMember us-gaap:HomeBuildingMember 2017-07-01 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2017-07-01 2017-09-30 0000822416 srt:ParentCompanyMember us-gaap:HomeBuildingMember 2018-07-01 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember 2018-07-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:HomeBuildingMember 2018-07-01 2018-09-30 0000822416 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-09-30 0000822416 srt:ParentCompanyMember 2018-07-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:RealEstateMember 2018-07-01 2018-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2018-07-01 2018-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:LandMember 2018-07-01 2018-09-30 0000822416 srt:NonGuarantorSubsidiariesMember 2018-07-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember 2018-07-01 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2018-07-01 2018-09-30 0000822416 srt:ParentCompanyMember us-gaap:LandMember 2018-07-01 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:LandMember 2018-07-01 2018-09-30 0000822416 srt:ParentCompanyMember us-gaap:RealEstateMember 2018-07-01 2018-09-30 0000822416 us-gaap:CommonStockMember 2016-12-31 0000822416 srt:GuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2018-07-01 2018-09-30 0000822416 srt:GuarantorSubsidiariesMember us-gaap:RealEstateMember 2018-07-01 2018-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:RealEstateMember 2018-07-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:FinancialServiceMember 2018-07-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:LandMember 2018-07-01 2018-09-30 0000822416 srt:ParentCompanyMember us-gaap:FinancialServiceMember 2018-07-01 2018-09-30 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2018-07-01 2018-09-30 0000822416 us-gaap:IntersegmentEliminationMember 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember 2017-09-30 0000822416 srt:NonGuarantorSubsidiariesMember 2016-12-31 0000822416 2017-12-31 0000822416 us-gaap:CommonStockMember 2018-01-01 2018-09-30 0000822416 srt:NonGuarantorSubsidiariesMember 2017-09-30 0000822416 srt:GuarantorSubsidiariesMember 2016-12-31 0000822416 srt:ParentCompanyMember 2016-12-31 0000822416 srt:ParentCompanyMember 2017-09-30 0000822416 us-gaap:IntersegmentEliminationMember 2016-12-31 0000822416 us-gaap:AdditionalPaidInCapitalMember 2017-01-01 2017-09-30 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0000822416 us-gaap:RetainedEarningsMember 2017-09-30 0000822416 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-12-31 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-01-01 2017-09-30 0000822416 us-gaap:RetainedEarningsMember 2017-12-31 0000822416 us-gaap:RetainedEarningsMember 2016-12-31 0000822416 2018-09-30 0000822416 us-gaap:RetainedEarningsMember 2018-01-01 2018-01-01 0000822416 us-gaap:AdditionalPaidInCapitalMember 2016-12-31 0000822416 us-gaap:CommonStockMember 2017-09-30 0000822416 us-gaap:CommonStockMember 2018-09-30 0000822416 us-gaap:AdditionalPaidInCapitalMember 2017-09-30 0000822416 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000822416 2017-09-30 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-09-30 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0000822416 us-gaap:CommonStockMember 2017-12-31 0000822416 2018-07-01 2018-09-30 0000822416 2016-12-31 0000822416 us-gaap:LoanPurchaseCommitmentsMember 2017-12-31 0000822416 2018-01-01 0000822416 us-gaap:LoanPurchaseCommitmentsMember 2018-09-30 0000822416 us-gaap:InterestRateLockCommitmentsMember 2017-12-31 0000822416 us-gaap:ForwardContractsMember 2018-09-30 0000822416 us-gaap:ForwardContractsMember 2017-12-31 0000822416 us-gaap:InterestRateLockCommitmentsMember 2018-09-30 0000822416 2017-04-01 2017-06-30 0000822416 2017-06-30 0000822416 us-gaap:FinancialServiceMember 2018-01-01 2018-09-30 0000822416 2018-06-30 0000822416 phm:ConsolidatedandUnconsolidatedVIEsMember 2018-09-30 0000822416 phm:ConsolidatedandUnconsolidatedVIEsMember 2017-12-31 0000822416 phm:OtherLandOptionAgreementsMember 2017-12-31 0000822416 phm:OtherLandOptionAgreementsMember 2018-09-30 0000822416 2017-05-03 0000822416 2017-05-03 2017-05-03 0000822416 srt:MinimumMember 2017-01-01 2017-09-30 0000822416 srt:MinimumMember us-gaap:MeasurementInputDiscountRateMember 2017-01-01 2017-09-30 0000822416 srt:MaximumMember 2017-01-01 2017-09-30 0000822416 2017-07-01 2017-09-30 0000822416 srt:MaximumMember us-gaap:MeasurementInputDiscountRateMember 2017-01-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:FloridaMember 2018-07-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:TexasMember 2017-01-01 2017-09-30 0000822416 phm:SoutheastMember 2017-07-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:MidWestMember 2018-01-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:TexasMember 2018-07-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:MidWestMember 2017-07-01 2017-09-30 0000822416 phm:OtherHomebuildingMember 2018-07-01 2018-09-30 0000822416 phm:FinancialServicesMember 2017-01-01 2017-09-30 0000822416 phm:MidWestMember 2018-07-01 2018-09-30 0000822416 us-gaap:FinancialServiceMember 2017-01-01 2017-09-30 0000822416 phm:FloridaMember 2017-01-01 2017-09-30 0000822416 us-gaap:HomeBuildingMember 2017-07-01 2017-09-30 0000822416 phm:SoutheastMember 2018-01-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:FloridaMember 2017-07-01 2017-09-30 0000822416 phm:NortheastMember 2018-07-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:FloridaMember 2018-01-01 2018-09-30 0000822416 phm:MidWestMember 2018-01-01 2018-09-30 0000822416 us-gaap:HomeBuildingMember 2018-07-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:FloridaMember 2017-01-01 2017-09-30 0000822416 phm:NortheastMember 2017-01-01 2017-09-30 0000822416 2017-01-01 2017-09-30 0000822416 phm:SouthwestMember 2018-01-01 2018-09-30 0000822416 us-gaap:RealEstateMember phm:SouthwestMember 2018-01-01 2018-09-30 0000822416 phm:TexasMember 2017-07-01 2017-09-30 0000822416 phm:NortheastMember 2017-07-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:SoutheastMember 2017-01-01 2017-09-30 0000822416 phm:FloridaMember 2017-07-01 2017-09-30 0000822416 us-gaap:RealEstateMember phm:SoutheastMember 2018-01-01 2018-09-30 0000822416 phm:FloridaMember 2018-01-01 2018-09-30 0000822416 phm:FinancialServicesMember 2018-07-01 2018-09-30 0000822416 phm:MidWestMember 2017-07-01 2017-09-30 phm:home phm:community shares phm:lot iso4217:USD pure iso4217:USD shares phm:segment phm:claim false --12-31 Q3 2018 2018-09-30 10-Q 0000822416 280861332 false Large Accelerated Filer PULTEGROUP INC/MI/ false 0.0425 0.05500 0.05 0.06 0.06375 0.07875 0.0425 0.055 0.05 0.06 0.06375 0.07875 0 3000000000 728631000 272683000 30381000 33485000 759012000 306168000 7489454000 7147130000 65905000 68384000 349784000 570600000 54278000 62957000 797976000 745123000 130642000 140992000 408029000 645295000 10055080000 9686649000 465833000 393815000 342376000 250779000 1251518000 1356333000 10324000 86925000 250733000 437804000 3005418000 3006967000 5326202000 5532623000 4728878000 4154026000 10055080000 9686649000 2572236000 2055891000 6933888000 5606953000 25510000 28215000 104971000 39848000 2597746000 2084106000 7038859000 5646801000 51620000 46952000 150322000 135995000 2649366000 2131058000 7189181000 5782796000 1954160000 1564605000 5276232000 4332221000 22060000 25123000 71791000 115950000 1976220000 1589728000 5348023000 4448171000 32213000 29304000 96650000 86150000 252757000 237495000 719706000 689974000 -3488000 -6282000 -6753000 -28439000 384688000 268249000 1018049000 530062000 95153000 90710000 233674000 160255000 289535000 177539000 784375000 369807000 1.01 0.59 2.72 1.18 1.01 0.58 2.71 1.18 0.09 0.09 0.27 0.27 283489000 298538000 285127000 309453000 1183000 1690000 1301000 1861000 284672000 300228000 286428000 311314000 289535000 177539000 784375000 369807000 25000 20000 75000 61000 25000 20000 75000 61000 289560000 177559000 784450000 369868000 286752000 2868000 3171542000 -445000 980061000 4154026000 0 22411000 22411000 514000 5000 5457000 5462000 874000 9000 3474000 3483000 77673000 77673000 6073000 61000 284000 179094000 179439000 16158000 16158000 784375000 784375000 75000 75000 282067000 2821000 3196347000 -370000 1530080000 4728878000 319090000 3191000 3116490000 -526000 1540208000 4659363000 -406000 18643000 18237000 1954000 20000 22745000 22765000 741000 10000 3555000 3565000 83685000 83685000 27849000 281000 665531000 665812000 20784000 20784000 369807000 369807000 61000 61000 293936000 2940000 3163168000 -465000 1179442000 4345085000 784375000 369807000 230335000 127856000 13973000 131254000 36717000 38689000 21521000 26505000 3466000 1438000 263734000 758006000 -218900000 -173148000 22117000 -22120000 -1524000 122544000 1014980000 252479000 46529000 23548000 1000000 22007000 -15545000 -5788000 -31984000 -39767000 82655000 7001000 1566000000 971000000 1566000000 888000000 -187071000 -85797000 8165000 0 5462000 22765000 179439000 665812000 78284000 86018000 -530152000 -738863000 452844000 -526151000 306168000 723248000 759012000 197097000 16747000 11516000 88544000 17206000 Basis of presentation<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">PulteGroup, Inc. is one of the largest homebuilders in the United States ("U.S."), and our common shares trade on the New York Stock Exchange under the ticker symbol “PHM”. Unless the context otherwise requires, the terms "PulteGroup", the "Company", "we", "us", and "our" used herein refer to PulteGroup, Inc. and its subsidiaries. While our subsidiaries engage primarily in the homebuilding business, we also engage in mortgage banking operations, conducted through Pulte Mortgage LLC (“Pulte Mortgage”), title services, and insurance brokerage operations. </span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal, recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the interim periods presented are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with our consolidated financial statements and footnotes thereto included in our Annual Report on Form 10-K for the year ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Use of estimates</span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</span></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Certain prior period amounts have been reclassified to conform to the current year presentation.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Subsequent events</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We evaluated subsequent events up until the time the financial statements were filed with the Securities and Exchange Commission (the "SEC").</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:-24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Other expense, net</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other expense, net consists of the following ($000’s omitted):</span><span style="font-family:inherit;font-size:9pt;"> </span></div><div style="line-height:120%;text-align:center;text-indent:24px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.05847953216374%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:51%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td rowspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</span></div></td></tr><tr><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Write-offs of deposits and pre-acquisition costs</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,136</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,680</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,398</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(9,397</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Amortization of intangible assets</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,450</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,450</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(10,350</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(10,350</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest income</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,842</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>485</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,240</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,917</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest expense</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(152</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(101</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(460</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(371</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity in earnings (loss) of unconsolidated entities (a)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>886</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>415</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,112</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(4,154</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Miscellaneous, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>522</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(951</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,103</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,084</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total other expense, net</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,488</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,282</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,753</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(28,439</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-left:4px;text-align:left;padding-left:60px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Includes an </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$8.0 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> impairment of an investment in an unconsolidated entity in the </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">nine months ended</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">September 30, 2017</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> (see </span><a href="#s9263C6A6AB0065E98DFB632FA85C6971" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">).</span></div></td></tr></table><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-left:4px;text-align:left;padding-left:24px;text-indent:-24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue recognition</span></div><div style="line-height:120%;padding-left:4px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;text-decoration:underline;">Home sale revenues</span><span style="font-family:inherit;font-size:10pt;"> - Home sale revenues and related profit are generally recognized when title to and possession of the home are transferred to the buyer at the home closing date. Our performance obligation to deliver the agreed-upon home is generally satisfied in less than one year from the original contract date. Home sale contract assets consist of cash from home closings held in escrow for our benefit, typically for less than five days, which are considered deposits in-transit and classified as cash. Contract liabilities include customer deposit liabilities related to sold but undelivered homes, which totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$342.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$250.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. Substantially all of our home sales are scheduled to close and be recorded to revenue within one year from the date of receiving a customer deposit. See </span><a href="#sC06812D634F70AEC6CD0632FA976F678" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 8</span></a><span style="font-family:inherit;font-size:10pt;"> for information on warranties and related obligations.</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;text-decoration:underline;">Land sale revenues</span><span style="font-family:inherit;font-size:10pt;"> - We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land sales are generally outright sales of specified land parcels with cash consideration due on the closing date, which is generally when performance obligations are satisfied. During the </span><span style="font-family:inherit;font-size:10pt;">nine months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;">, we closed on a number of land sale transactions that generated gains totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$28.9 million</span></span><span style="font-family:inherit;font-size:10pt;">, as the proceeds from the sales exceeded the cost basis of the land. Substantially all performance obligations related to these transactions were satisfied at closing.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;text-decoration:underline;">Financial services revenues</span><span style="font-family:inherit;font-size:10pt;"> - Loan origination fees, commitment fees, and certain direct loan origination costs are recognized as incurred. Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment. Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. Interest income is accrued from the date a mortgage loan is originated until the loan is sold. Mortgage servicing fees represent fees earned for servicing loans for various investors. Servicing fees are based on a contractual percentage of the outstanding principal balance and are credited to income when related mortgage payments are received or the sub-servicing fees are earned. </span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues associated with our title operations are recognized as closing services are rendered and title insurance policies are issued, both of which generally occur as each home is closed. Insurance brokerage commissions relate to commissions on homeowner and other insurance policies placed with third party carriers through various agency channels. Our performance obligations for policy renewal commissions are satisfied upon issuance of the initial policy, and related contract assets for estimated future renewal commissions are included in other assets and totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$30.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;">. Contract assets totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$27.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> were recognized on January 1, 2018, in conjunction with the adoption of Accounting Standards Codification ("ASC") 606, "Revenue from Contracts with Customers" ("ASC 606"). Refer to "</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">New accounting pronouncements"</span><span style="font-family:inherit;font-size:10pt;"> within </span><a href="#s06F6FF22FE4886A1C103632FA81E44CC" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 1</span></a><span style="font-family:inherit;font-size:10pt;"> for further discussion. </span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-left:4px;text-align:left;padding-left:24px;text-indent:-24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Earnings per share</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic earnings per share is computed by dividing income available to common shareholders (the “Numerator”) by the weighted-average number of common shares outstanding, adjusted for unvested shares (the “Denominator”) for the period. Computing diluted earnings per share is similar to computing basic earnings per share, except that the Denominator is increased to include the dilutive effects of stock options, unvested restricted shares, unvested restricted share units, and other potentially dilutive instruments. Any stock options that have an exercise price greater than the average market price are considered to be anti-dilutive and are excluded from the diluted earnings per share calculation.</span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In accordance with ASC 260 "Earnings Per Share", the two-class method determines earnings per share for each class of common stock and participating securities according to an earnings allocation formula that adjusts the Numerator for dividends or dividend equivalents and participation rights in undistributed earnings. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and, therefore, are included in computing earnings per share pursuant to the two-class method. Our outstanding restricted share awards, restricted share units, and deferred shares are considered participating securities. The following table presents the earnings per common share (000's omitted, except per share data):</span></div><div style="line-height:120%;text-align:center;text-indent:24px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.22027290448344%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:55%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td rowspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</span></div></td></tr><tr><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Numerator:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,535</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>177,539</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>784,375</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>369,807</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: earnings distributed to participating securities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(279</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(294</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(874</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(899</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: undistributed earnings allocated to participating securities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,871</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,645</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,752</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,837</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Numerator for basic earnings per share</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>286,385</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>175,600</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>775,749</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>366,071</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Add back: undistributed earnings allocated to participating securities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,871</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,645</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,752</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,837</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: undistributed earnings reallocated to participating securities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,859</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,636</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,724</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,820</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Numerator for diluted earnings per share</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>286,397</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>175,609</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>775,777</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>366,088</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Denominator:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic shares outstanding</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>283,489</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>298,538</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>285,127</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>309,453</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Effect of dilutive securities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,183</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,690</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,301</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,861</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted shares outstanding</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>284,672</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>300,228</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>286,428</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>311,314</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Earnings per share:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.01</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.59</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.72</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.18</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.01</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.58</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.71</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.18</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Residential mortgage loans available-for-sale</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Substantially all of the loans originated by us are sold in the secondary mortgage market within a short period of time after origination, generally within </span><span style="font-family:inherit;font-size:10pt;">30 days</span><span style="font-family:inherit;font-size:10pt;">. At </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, residential mortgage loans available-for-sale had an aggregate fair value of </span><span style="font-family:inherit;font-size:10pt;"><span>$349.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$570.6 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, and an aggregate outstanding principal balance of </span><span style="font-family:inherit;font-size:10pt;"><span>$341.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$553.5 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. The net gain (loss) resulting from changes in fair value of these loans totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$(0.7) million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$0.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> for the </span><span style="font-family:inherit;font-size:10pt;">three months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively, and </span><span style="font-family:inherit;font-size:10pt;"><span>$(1.0) million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$(3.4) million</span></span><span style="font-family:inherit;font-size:10pt;"> for the </span><span style="font-family:inherit;font-size:10pt;">nine months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. These changes in fair value were substantially offset by changes in the fair value of corresponding hedging instruments. Net gains from the sale of mortgages were </span><span style="font-family:inherit;font-size:10pt;"><span>$27.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$27.1 million</span></span><span style="font-family:inherit;font-size:10pt;"> for the </span><span style="font-family:inherit;font-size:10pt;">three months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively, and </span><span style="font-family:inherit;font-size:10pt;"><span>$83.9 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$80.1 million</span></span><span style="font-family:inherit;font-size:10pt;"> for the </span><span style="font-family:inherit;font-size:10pt;">nine months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively, and have been included in Financial Services revenues.</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Derivative instruments and hedging activities</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We are party to interest rate lock commitments ("IRLCs") with customers resulting from our mortgage origination operations. At </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, we had aggregate IRLCs of </span><span style="font-family:inherit;font-size:10pt;"><span>$434.9 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$210.9 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, which were originated at interest rates prevailing at the date of commitment. Since we can terminate a loan commitment if the borrower does not comply with the terms of the contract, and some loan commitments may expire without being drawn upon, these commitments do not necessarily represent future cash requirements. We evaluate the creditworthiness of these transactions through our normal credit policies.</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We hedge our exposure to interest rate market risk relating to residential mortgage loans available-for-sale and IRLCs using forward contracts on mortgage-backed securities, which are commitments to either purchase or sell a specified financial instrument at a specified future date for a specified price, and whole loan investor commitments, which are obligations of an investor to buy loans at a specified price within a specified time period. Forward contracts on mortgage-backed securities are the predominant derivative financial instruments we use to minimize market risk during the period from the time we extend an interest rate lock to a loan applicant until the time the loan is sold to an investor. At </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, we had unexpired forward contracts of </span><span style="font-family:inherit;font-size:10pt;"><span>$579.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$522.0 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, and whole loan investor </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">commitments of </span><span style="font-family:inherit;font-size:10pt;"><span>$171.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$203.1 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. Changes in the fair value of IRLCs and other derivative financial instruments are recognized in Financial Services revenues, and the fair values are reflected in other assets or other liabilities, as applicable.</span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">There are no credit-risk-related contingent features within our derivative agreements, and counterparty risk is considered minimal. Gains and losses on IRLCs and residential mortgage loans available-for-sale are substantially offset by corresponding gains or losses on forward contracts on mortgage-backed securities and whole loan investor commitments. We are generally not exposed to variability in cash flows of derivative instruments for more than approximately </span><span style="font-family:inherit;font-size:10pt;"><span>60</span></span><span style="font-family:inherit;font-size:10pt;"> days. The fair values of derivative instruments and their locations in the Condensed Consolidated Balance Sheets are summarized below ($000’s omitted):</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:92.98245614035088%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:29%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Other Assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Accrued and Other Liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Other Assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Accrued and Other Liabilities</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest rate lock commitments</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,536</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,275</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,990</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>407</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Forward contracts</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,865</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>239</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>432</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>817</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Whole loan commitments</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>943</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>326</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>794</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>941</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,344</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,840</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,216</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,165</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">New accounting pronouncements</span></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On January 1, 2018, we adopted ASC 606, which is a comprehensive new revenue recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services and satisfaction of performance obligations to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. We applied the modified retrospective method to contracts that were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported under the previous accounting standards. We recorded a net increase to opening retained earnings of </span><span style="font-family:inherit;font-size:10pt;"><span>$22.4 million</span></span><span style="font-family:inherit;font-size:10pt;">, net of tax, as of January 1, 2018, due to the cumulative impact of adopting ASC 606, with the impact primarily related to the recognition of contract assets for insurance brokerage commission renewals. There was not a material impact to revenues as a result of applying ASC 606 for the </span><span style="font-family:inherit;font-size:10pt;">nine months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;">, and there have not been significant changes to our business processes, systems, or internal controls as a result of implementing the standard.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We adopted Accounting Standards Update ("ASU") No. 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments" ("ASU 2016-15"), as of January 1, 2018, on a retrospective basis. ASU 2016-15 addresses several specific cash flow issues. The adoption of ASU 2016-15 had no effect on our financial statements.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">ASC 842, "Leases", becomes effective for us for annual and interim periods beginning January 1, 2019. The standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application. While the recognition of right-of-use assets and related liabilities will have a material effect on our consolidated balance sheets, we do not expect a material impact on our consolidated statements of operations or cash flows. We continue to evaluate the full impact of the new standard, including the impact on our business processes, systems, and internal controls. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In June 2016, the Financial Accounting Standards Board ("FASB") issued ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments", which changes the impairment model for most financial assets and certain other instruments from an "incurred loss" approach to a new "expected credit loss" methodology. The standard is effective for us for annual and interim periods beginning January 1, 2020, with early adoption permitted, and requires full retrospective application on adoption. We are currently evaluating the impact the standard will have on our financial statements.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>In January 2017, the FASB issued ASU No. 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment", which removes the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. Under the new standard, goodwill impairment will now be determined by evaluating the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The standard is effective for us for annual and interim periods beginning January 1, 2020, with early adoption permitted, and applied prospectively. We do not expect the standard to have a material impact on our financial statements. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal, recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the interim periods presented are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with our consolidated financial statements and footnotes thereto included in our Annual Report on Form 10-K for the year ended <span style="font-family:inherit;font-size:10pt;">December 31, 2017</span>. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Certain prior period amounts have been reclassified to conform to the current year presentation We evaluated subsequent events up until the time the financial statements were filed with the Securities and Exchange Commission (the "SEC"). Other expense, net consists of the following ($000’s omitted):<span style="font-family:inherit;font-size:9pt;"> </span><div style="line-height:120%;text-align:center;text-indent:24px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.05847953216374%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:51%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td rowspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</span></div></td></tr><tr><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Write-offs of deposits and pre-acquisition costs</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,136</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,680</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,398</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(9,397</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Amortization of intangible assets</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,450</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,450</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(10,350</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(10,350</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest income</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,842</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>485</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,240</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,917</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest expense</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(152</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(101</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(460</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(371</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity in earnings (loss) of unconsolidated entities (a)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>886</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>415</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,112</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(4,154</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Miscellaneous, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>522</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(951</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,103</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,084</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total other expense, net</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,488</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,282</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,753</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(28,439</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><br/> 3136000 2680000 7398000 9397000 3450000 3450000 10350000 10350000 1842000 485000 3240000 1917000 152000 101000 460000 371000 886000 415000 2112000 -4154000 522000 -951000 6103000 -6084000 -3488000 -6282000 -6753000 -28439000 8000000.0 Revenue recognition<div style="line-height:120%;padding-left:4px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;text-decoration:underline;">Home sale revenues</span><span style="font-family:inherit;font-size:10pt;"> - Home sale revenues and related profit are generally recognized when title to and possession of the home are transferred to the buyer at the home closing date. Our performance obligation to deliver the agreed-upon home is generally satisfied in less than one year from the original contract date. Home sale contract assets consist of cash from home closings held in escrow for our benefit, typically for less than five days, which are considered deposits in-transit and classified as cash. Contract liabilities include customer deposit liabilities related to sold but undelivered homes, which totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$342.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$250.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. Substantially all of our home sales are scheduled to close and be recorded to revenue within one year from the date of receiving a customer deposit. See </span><a href="#sC06812D634F70AEC6CD0632FA976F678" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 8</span></a><span style="font-family:inherit;font-size:10pt;"> for information on warranties and related obligations.</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;text-decoration:underline;">Land sale revenues</span><span style="font-family:inherit;font-size:10pt;"> - We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land sales are generally outright sales of specified land parcels with cash consideration due on the closing date, which is generally when performance obligations are satisfied. During the </span><span style="font-family:inherit;font-size:10pt;">nine months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;">, we closed on a number of land sale transactions that generated gains totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$28.9 million</span></span><span style="font-family:inherit;font-size:10pt;">, as the proceeds from the sales exceeded the cost basis of the land. Substantially all performance obligations related to these transactions were satisfied at closing.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;text-decoration:underline;">Financial services revenues</span><span style="font-family:inherit;font-size:10pt;"> - Loan origination fees, commitment fees, and certain direct loan origination costs are recognized as incurred. Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment. Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. Interest income is accrued from the date a mortgage loan is originated until the loan is sold. Mortgage servicing fees represent fees earned for servicing loans for various investors. Servicing fees are based on a contractual percentage of the outstanding principal balance and are credited to income when related mortgage payments are received or the sub-servicing fees are earned. </span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">Revenues associated with our title operations are recognized as closing services are rendered and title insurance policies are issued, both of which generally occur as each home is closed. Insurance brokerage commissions relate to commissions on homeowner and other insurance policies placed with third party carriers through various agency channels. Our performance obligations for policy renewal commissions are satisfied upon issuance of the initial policy, and related contract assets for estimated future renewal commissions are included in other assets and totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$30.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;">. Contract assets totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$27.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> were recognized on January 1, 2018, in conjunction with the adoption of Accounting Standards Codification ("ASC") 606, "Revenue from Contracts with Customers" ("ASC 606"). Refer to "</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">New accounting pronouncements"</span><span style="font-family:inherit;font-size:10pt;"> within </span><a href="#s06F6FF22FE4886A1C103632FA81E44CC" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 1</span></a> for further discussion. 342400000 250800000 28900000 30400000 27700000 Basic earnings per share is computed by dividing income available to common shareholders (the “Numerator”) by the weighted-average number of common shares outstanding, adjusted for unvested shares (the “Denominator”) for the period. Computing diluted earnings per share is similar to computing basic earnings per share, except that the Denominator is increased to include the dilutive effects of stock options, unvested restricted shares, unvested restricted share units, and other potentially dilutive instruments. Any stock options that have an exercise price greater than the average market price are considered to be anti-dilutive and are excluded from the diluted earnings per share calculation.<div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>In accordance with ASC 260 "Earnings Per Share", the two-class method determines earnings per share for each class of common stock and participating securities according to an earnings allocation formula that adjusts the Numerator for dividends or dividend equivalents and participation rights in undistributed earnings. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and, therefore, are included in computing earnings per share pursuant to the two-class method. Our outstanding restricted share awards, restricted share units, and deferred shares are considered participating securities. The following table presents the earnings per common share (000's omitted, except per share data):<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.22027290448344%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:55%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td rowspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</span></div></td></tr><tr><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Numerator:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,535</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>177,539</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>784,375</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>369,807</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: earnings distributed to participating securities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(279</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(294</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(874</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(899</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: undistributed earnings allocated to participating securities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,871</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,645</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,752</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,837</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Numerator for basic earnings per share</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>286,385</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>175,600</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>775,749</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>366,071</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Add back: undistributed earnings allocated to participating securities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,871</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,645</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,752</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,837</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: undistributed earnings reallocated to participating securities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,859</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,636</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,724</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,820</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Numerator for diluted earnings per share</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>286,397</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>175,609</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>775,777</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>366,088</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Denominator:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic shares outstanding</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>283,489</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>298,538</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>285,127</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>309,453</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Effect of dilutive securities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,183</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,690</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,301</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,861</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted shares outstanding</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>284,672</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>300,228</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>286,428</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>311,314</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Earnings per share:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.01</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.59</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.72</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.18</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.01</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.58</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.71</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.18</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 289535000 177539000 784375000 369807000 279000 294000 874000 899000 2871000 1645000 7752000 2837000 286385000 175600000 775749000 366071000 2871000 1645000 7752000 2837000 2859000 1636000 7724000 2820000 286397000 175609000 775777000 366088000 283489000 298538000 285127000 309453000 1183000 1690000 1301000 1861000 284672000 300228000 286428000 311314000 1.01 0.59 2.72 1.18 1.01 0.58 2.71 1.18 Substantially all of the loans originated by us are sold in the secondary mortgage market within a short period of time after origination, generally within <span style="font-family:inherit;font-size:10pt;">30 days</span><span style="font-family:inherit;font-size:10pt;">. At </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, residential mortgage loans available-for-sale had an aggregate fair value of </span><span style="font-family:inherit;font-size:10pt;"><span>$349.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$570.6 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, and an aggregate outstanding principal balance of </span><span style="font-family:inherit;font-size:10pt;"><span>$341.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$553.5 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. The net gain (loss) resulting from changes in fair value of these loans totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$(0.7) million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$0.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> for the </span><span style="font-family:inherit;font-size:10pt;">three months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively, and </span><span style="font-family:inherit;font-size:10pt;"><span>$(1.0) million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$(3.4) million</span></span><span style="font-family:inherit;font-size:10pt;"> for the </span><span style="font-family:inherit;font-size:10pt;">nine months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. These changes in fair value were substantially offset by changes in the fair value of corresponding hedging instruments. Net gains from the sale of mortgages were </span><span style="font-family:inherit;font-size:10pt;"><span>$27.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$27.1 million</span></span><span style="font-family:inherit;font-size:10pt;"> for the </span><span style="font-family:inherit;font-size:10pt;">three months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively, and </span><span style="font-family:inherit;font-size:10pt;"><span>$83.9 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$80.1 million</span></span><span style="font-family:inherit;font-size:10pt;"> for the </span><span style="font-family:inherit;font-size:10pt;">nine months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively, and have been included in Financial Services revenues.</span><br/> 349800000 570600000 341800000 553500000 -700000 700000 -1000000.0 -3400000 27800000 27100000 83900000 80100000 We are party to interest rate lock commitments ("IRLCs") with customers resulting from our mortgage origination operations. At <span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, we had aggregate IRLCs of </span><span style="font-family:inherit;font-size:10pt;"><span>$434.9 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$210.9 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, which were originated at interest rates prevailing at the date of commitment. Since we can terminate a loan commitment if the borrower does not comply with the terms of the contract, and some loan commitments may expire without being drawn upon, these commitments do not necessarily represent future cash requirements. We evaluate the creditworthiness of these transactions through our normal credit policies.</span><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We hedge our exposure to interest rate market risk relating to residential mortgage loans available-for-sale and IRLCs using forward contracts on mortgage-backed securities, which are commitments to either purchase or sell a specified financial instrument at a specified future date for a specified price, and whole loan investor commitments, which are obligations of an investor to buy loans at a specified price within a specified time period. Forward contracts on mortgage-backed securities are the predominant derivative financial instruments we use to minimize market risk during the period from the time we extend an interest rate lock to a loan applicant until the time the loan is sold to an investor. At </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, we had unexpired forward contracts of </span><span style="font-family:inherit;font-size:10pt;"><span>$579.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$522.0 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, and whole loan investor </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">commitments of </span><span style="font-family:inherit;font-size:10pt;"><span>$171.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$203.1 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. Changes in the fair value of IRLCs and other derivative financial instruments are recognized in Financial Services revenues, and the fair values are reflected in other assets or other liabilities, as applicable.</span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">There are no credit-risk-related contingent features within our derivative agreements, and counterparty risk is considered minimal. Gains and losses on IRLCs and residential mortgage loans available-for-sale are substantially offset by corresponding gains or losses on forward contracts on mortgage-backed securities and whole loan investor commitments. We are generally not exposed to variability in cash flows of derivative instruments for more than approximately </span><span style="font-family:inherit;font-size:10pt;"><span>60</span></span> days. 434900000 210900000 579000000.0 522000000.0 171400000 203100000 P60D The fair values of derivative instruments and their locations in the Condensed Consolidated Balance Sheets are summarized below ($000’s omitted):<span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:92.98245614035088%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:29%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Other Assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Accrued and Other Liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Other Assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Accrued and Other Liabilities</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest rate lock commitments</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,536</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,275</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,990</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>407</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Forward contracts</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,865</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>239</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>432</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>817</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Whole loan commitments</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>943</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>326</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>794</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>941</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,344</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,840</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,216</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,165</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 10536000 1275000 5990000 407000 2865000 239000 432000 817000 943000 326000 794000 941000 14344000 1840000 7216000 2165000 On January 1, 2018, we adopted ASC 606, which is a comprehensive new revenue recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services and satisfaction of performance obligations to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. We applied the modified retrospective method to contracts that were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported under the previous accounting standards. We recorded a net increase to opening retained earnings of <span style="font-family:inherit;font-size:10pt;"><span>$22.4 million</span></span><span style="font-family:inherit;font-size:10pt;">, net of tax, as of January 1, 2018, due to the cumulative impact of adopting ASC 606, with the impact primarily related to the recognition of contract assets for insurance brokerage commission renewals. There was not a material impact to revenues as a result of applying ASC 606 for the </span><span style="font-family:inherit;font-size:10pt;">nine months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;">, and there have not been significant changes to our business processes, systems, or internal controls as a result of implementing the standard.</span><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We adopted Accounting Standards Update ("ASU") No. 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments" ("ASU 2016-15"), as of January 1, 2018, on a retrospective basis. ASU 2016-15 addresses several specific cash flow issues. The adoption of ASU 2016-15 had no effect on our financial statements.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">ASC 842, "Leases", becomes effective for us for annual and interim periods beginning January 1, 2019. The standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application. While the recognition of right-of-use assets and related liabilities will have a material effect on our consolidated balance sheets, we do not expect a material impact on our consolidated statements of operations or cash flows. We continue to evaluate the full impact of the new standard, including the impact on our business processes, systems, and internal controls. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In June 2016, the Financial Accounting Standards Board ("FASB") issued ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments", which changes the impairment model for most financial assets and certain other instruments from an "incurred loss" approach to a new "expected credit loss" methodology. The standard is effective for us for annual and interim periods beginning January 1, 2020, with early adoption permitted, and requires full retrospective application on adoption. We are currently evaluating the impact the standard will have on our financial statements.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>In January 2017, the FASB issued ASU No. 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment", which removes the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. Under the new standard, goodwill impairment will now be determined by evaluating the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The standard is effective for us for annual and interim periods beginning January 1, 2020, with early adoption permitted, and applied prospectively. We do not expect the standard to have a material impact on our financial statements. 22400000 Inventory<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Major components of inventory were as follows ($000’s omitted):</span><span style="font-family:inherit;font-size:9pt;"> </span></div><div style="line-height:120%;text-align:center;padding-left:24px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:57.89473684210527%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:51%;"/><td style="width:1%;"/><td style="width:22%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:22%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, <br/>2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, <br/>2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Homes under construction</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,992,687</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,421,405</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land under development</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,002,007</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,135,814</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Raw land</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>494,760</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>589,911</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,489,454</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,147,130</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We capitalize interest cost into inventory during the active development and construction of our communities. In all periods presented, we capitalized all Homebuilding interest costs into inventory because the level of our active inventory exceeded our debt levels. Information related to interest capitalized into inventory is as follows ($000’s omitted):</span></div><div style="line-height:120%;text-align:center;padding-left:24px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:80.31189083820662%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:45%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest in inventory, beginning of period</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>243,627</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>212,850</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>226,611</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>186,097</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest capitalized</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>42,743</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,077</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>130,474</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>135,949</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest expensed</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(43,583</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(36,381</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(114,298</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(99,500</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest in inventory, end of period</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>242,787</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>222,546</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>242,787</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>222,546</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Land option agreements</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We enter into land option agreements in order to procure land for the construction of homes in the future. Pursuant to these land option agreements, we generally provide a deposit to the seller as consideration for the right to purchase land at different times in the future, usually at predetermined prices. Such contracts enable us to defer acquiring portions of properties owned by third parties or unconsolidated entities until we have determined whether and when to exercise our option, which reduces our financial risks associated with long-term land holdings. Option deposits and pre-acquisition costs (such as environmental testing, surveys, engineering, and entitlement costs) are capitalized if the costs are directly identifiable with the land under option, the costs would be capitalized if we owned the land, and acquisition of the property is probable. Such costs are reflected in other assets and are reclassified to inventory upon taking title to the land. We write off deposits and pre-acquisition costs when it becomes probable that we will not go forward with the project or recover the capitalized costs. Such decisions take into consideration changes in local market conditions, the timing of required land purchases, the availability and best use of necessary incremental capital, and other factors. We record any such write-offs of deposits and pre-acquisition costs within other expense, net. </span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">If an entity holding the land under option is a variable interest entity ("VIE"), our deposit represents a variable interest in that entity. No VIEs required consolidation at either </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> or </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;"> because we determined that we were not the VIEs' primary beneficiary. Our maximum exposure to loss related to these VIEs is generally limited to our deposits and pre-acquisition costs under the land option agreements. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following provides a summary of our interests in land option agreements as of </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;"> ($000’s omitted):</span></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:77.97270955165692%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:25%;"/><td style="width:1%;"/><td style="width:16%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:16%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:16%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:16%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deposits and<br/>Pre-acquisition<br/>Costs</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Remaining Purchase<br/>Price</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deposits and<br/>Pre-acquisition<br/>Costs</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Remaining Purchase<br/>Price</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land options with VIEs</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>85,173</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,167,087</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>78,889</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>977,480</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other land options</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>159,395</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,571,768</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>129,098</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,485,099</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>244,568</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,738,855</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>207,987</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,462,579</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Land-related charges</span></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We incurred the following land-related charges in the second quarter of 2017 ($000's omitted):</span></div><div style="line-height:120%;text-align:center;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:64.32748538011695%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"/></tr><tr><td style="width:55%;"/><td style="width:24%;"/><td style="width:7%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Statement of Operations Classification</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net realizable value adjustments ("NRV") - land held for sale</span></div></td><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale cost of revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:top;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>81,006</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land inventory impairments</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale cost of revenues</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>31,487</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Impairments of unconsolidated entities</span></div></td><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other expense, net</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,017</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Write-offs of deposits and pre-acquisition costs</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other expense, net</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,063</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total land-related charges</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>125,573</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. The NRV adjustments outlined above resulted primarily from a plan we announced in May 2017 to sell select non-core and underutilized land parcels following a strategic review of our land portfolio, pursuant to which it was determined that we would sell certain inactive land parcels, representing approximately </span><span style="font-family:inherit;font-size:10pt;"><span>17</span></span><span style="font-family:inherit;font-size:10pt;"> communities and </span><span style="font-family:inherit;font-size:10pt;"><span>4,600</span></span><span style="font-family:inherit;font-size:10pt;"> lots. These land parcels were located in diverse geographic areas and no longer fit into our strategic plans. The land parcels identified for sale included: land requiring significant additional development spend that would not yield suitable returns; land in excess of near-term need; and land entitled for certain product types inconsistent with our primary offerings. As a consequence of the change in strategy with respect to the future use of these land parcels, we recorded NRV adjustments totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$81.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> relating to inventory with a pre-NRV carrying value of </span><span style="font-family:inherit;font-size:10pt;"><span>$151.0 million</span></span><span style="font-family:inherit;font-size:10pt;">. The estimated fair values of these inactive land parcels held for sale were generally based on comparisons to market comparable transactions, letters of intent, active negotiations with market participants, or similar market-based information supplemented in certain instances by estimated future net cash flows discounted for inherent risk associated with each underlying asset. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land inventory impairments relate to communities that are either active or that we intend to eventually open and build out. As part of the May 2017 strategic review, we decided to accelerate the monetization of </span><span style="font-family:inherit;font-size:10pt;"><span>two</span></span><span style="font-family:inherit;font-size:10pt;"> small communities primarily through a combination of changing the product offerings and lowering the sales prices within the communities. This decision resulted in land impairments of </span><span style="font-family:inherit;font-size:10pt;"><span>$31.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> in the second quarter of 2017.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We determine the fair value of a community's inventory, and any related impairments, using a combination of discounted cash flow models and market comparable transactions, where available. These estimated cash flows are significantly impacted by estimates related to expected average selling prices, expected sales paces, expected land development and construction timelines, and anticipated land development, construction, and overhead costs. The assumptions used in the discounted cash flow models are specific to each community, which may be located in a variety of geographic markets, and offer homes at sales prices reflective of the product offering and market. Accordingly, determining the fair value of a community's inventory involves a number of variables, many of which are interrelated. </span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The table below summarizes certain quantitative unobservable inputs utilized in determining the fair value of the assets for which the impairments were recorded in the second quarter of 2017:</span></div><div style="line-height:120%;text-align:center;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:48.343079922027286%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"/></tr><tr><td style="width:50%;"/><td style="width:2%;"/><td style="width:21%;"/><td style="width:6%;"/><td style="width:21%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Range</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Average selling price ($000s)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>$253</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">to</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>$461</span></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Sales pace per quarter (units)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">to</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9</span></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Discount rate</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18%</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">to</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25%</span></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>Our evaluations for impairments are based on our best estimates of the future cash flows to be generated from our communities. Due to uncertainties in the estimation process, the significant volatility in demand for new housing, the long life cycles of many communities, and potential changes in our strategy related to certain communities, actual results could differ significantly from such estimates. Major components of inventory were as follows ($000’s omitted):<span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:57.89473684210527%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:51%;"/><td style="width:1%;"/><td style="width:22%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:22%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, <br/>2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, <br/>2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Homes under construction</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,992,687</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,421,405</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land under development</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,002,007</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,135,814</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Raw land</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>494,760</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>589,911</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,489,454</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,147,130</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 2992687000 2421405000 4002007000 4135814000 494760000 589911000 7489454000 7147130000 We capitalize interest cost into inventory during the active development and construction of our communities. In all periods presented, we capitalized all Homebuilding interest costs into inventory because the level of our active inventory exceeded our debt levels. Information related to interest capitalized into inventory is as follows ($000’s omitted):<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:80.31189083820662%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:45%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest in inventory, beginning of period</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>243,627</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>212,850</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>226,611</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>186,097</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest capitalized</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>42,743</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,077</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>130,474</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>135,949</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest expensed</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(43,583</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(36,381</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(114,298</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(99,500</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest in inventory, end of period</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>242,787</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>222,546</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>242,787</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>222,546</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 243627000 212850000 226611000 186097000 42743000 46077000 130474000 135949000 43583000 36381000 114298000 99500000 242787000 222546000 242787000 222546000 The following provides a summary of our interests in land option agreements as of <span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;"> ($000’s omitted):</span><span style="font-family:inherit;font-size:10pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:77.97270955165692%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:25%;"/><td style="width:1%;"/><td style="width:16%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:16%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:16%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:16%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deposits and<br/>Pre-acquisition<br/>Costs</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Remaining Purchase<br/>Price</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deposits and<br/>Pre-acquisition<br/>Costs</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Remaining Purchase<br/>Price</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land options with VIEs</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>85,173</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,167,087</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>78,889</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>977,480</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other land options</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>159,395</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,571,768</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>129,098</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,485,099</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>244,568</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,738,855</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>207,987</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,462,579</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 85173000 1167087000 78889000 977480000 159395000 1571768000 129098000 1485099000 244568000 2738855000 207987000 2462579000 We incurred the following land-related charges in the second quarter of 2017 ($000's omitted):<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:64.32748538011695%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"/></tr><tr><td style="width:55%;"/><td style="width:24%;"/><td style="width:7%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Statement of Operations Classification</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net realizable value adjustments ("NRV") - land held for sale</span></div></td><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale cost of revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:top;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>81,006</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land inventory impairments</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale cost of revenues</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>31,487</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Impairments of unconsolidated entities</span></div></td><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other expense, net</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,017</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Write-offs of deposits and pre-acquisition costs</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other expense, net</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,063</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total land-related charges</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>125,573</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 81006000 31487000 8017000 5063000 125573000 17 4600 81000000.0 151000000.0 2 31500000 The table below summarizes certain quantitative unobservable inputs utilized in determining the fair value of the assets for which the impairments were recorded in the second quarter of 2017:<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:48.343079922027286%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"/></tr><tr><td style="width:50%;"/><td style="width:2%;"/><td style="width:21%;"/><td style="width:6%;"/><td style="width:21%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Range</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Average selling price ($000s)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>$253</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">to</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>$461</span></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Sales pace per quarter (units)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">to</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9</span></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Discount rate</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18%</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">to</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25%</span></span></div></td></tr></table></div> 253000 461000 5 9 0.18 0.25 Segment information<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the U.S. and the construction of housing on such land. For reporting purposes, our Homebuilding operations are aggregated into </span><span style="font-family:inherit;font-size:10pt;"><span>six</span></span><span style="font-family:inherit;font-size:10pt;"> reportable segments: </span></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:93.95711500974659%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"/></tr><tr><td style="width:13%;"/><td style="width:1%;"/><td style="width:86%;"/></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Georgia, North Carolina, South Carolina, Tennessee</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Florida</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Texas</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Arizona, California, Nevada, New Mexico, Washington</span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We also have a reportable segment for our Financial Services operations, which consist principally of mortgage banking and title operations and operate generally in the same markets as the Homebuilding segments.</span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;padding-left:24px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.64327485380117%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:47%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="15" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating Data by Segment <br/>($000’s omitted)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>185,614</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>168,371</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>518,676</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>425,275</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>451,600</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>393,905</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,271,730</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,104,149</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>506,670</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>338,078</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,311,016</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,015,795</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>412,803</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>406,126</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,066,775</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,008,617</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>347,986</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>269,997</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>925,317</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>793,207</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>693,073</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>507,629</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,945,345</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,299,758</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,597,746</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,084,106</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,038,859</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,646,801</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51,620</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,952</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>150,322</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>135,995</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Consolidated revenues</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,649,366</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,131,058</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,189,181</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,782,796</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Income (loss) before income taxes </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;font-style:italic;">(a)</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,938</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,046</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>53,408</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(12,803</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51,920</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45,109</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>146,735</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>117,749</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>73,802</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>52,191</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>186,238</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>132,824</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>52,438</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>59,636</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>123,889</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>115,463</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>55,382</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>42,727</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>136,777</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>122,045</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(c)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>138,698</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>75,753</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>382,317</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>107,987</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(d)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(26,123</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(45,999</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(65,497</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(103,441</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>365,055</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>250,463</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>963,867</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>479,824</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,633</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>17,786</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,182</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,238</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Consolidated income before income taxes</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>384,688</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>268,249</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,018,049</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>530,062</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-left:4px;padding-bottom:4px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Includes land-related charges, as summarized in the table below.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Florida includes a warranty charge of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$12.3 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> for the </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">nine months ended</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> September 30, 2017 related to a closed-out community (see </span><a href="#sC06812D634F70AEC6CD0632FA976F678" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 8</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">).</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(c)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">West includes gains of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$26.4 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> related to </span><span><span style="font-style:italic;">two</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> land sale transactions in California in the </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">nine months ended</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(d)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Other homebuilding includes the amortization of intangible assets and capitalized interest and other items not allocated to the operating segments. Other homebuilding also includes insurance reserve reversals of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$37.9 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$19.8 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> for the </span><span style="font-family:inherit;font-size:10pt;">nine months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">2017</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, respectively, and write-offs of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$5.3 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$20.3 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> of insurance receivables associated with the resolution of certain insurance matters in the three and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">nine months ended</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">September 30, 2017</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, respectively (see </span><a href="#sC06812D634F70AEC6CD0632FA976F678" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 8</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">).</span></div></td></tr></table><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:676px;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:349px;"/><td style="width:9px;"/><td style="width:64px;"/><td style="width:4px;"/><td style="width:5px;"/><td style="width:9px;"/><td style="width:64px;"/><td style="width:4px;"/><td style="width:5px;"/><td style="width:9px;"/><td style="width:64px;"/><td style="width:4px;"/><td style="width:5px;"/><td style="width:9px;"/><td style="width:64px;"/><td style="width:4px;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="15" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating Data by Segment <br/>($000’s omitted)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Land-related charges*:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,385</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,184</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,068</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51,102</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>663</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>889</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,394</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,847</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>262</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>109</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>671</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,862</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,960</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(393</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,078</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,703</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>317</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>898</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>425</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>786</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>56,747</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>391</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>659</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,095</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,133</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,146</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,973</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>131,254</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">*</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Land-related charges include land impairments, net realizable value adjustments on land held for sale, impairments of investments in unconsolidated entities, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue (see </span><a href="#s9263C6A6AB0065E98DFB632FA85C6971" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">). Other homebuilding consists primarily of write-offs of capitalized interest related to such land-related charges.</span></div></td></tr></table><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:96.68615984405457%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating Data by Segment</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000's omitted)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homes Under<br/>Construction</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Land Under<br/>Development</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Raw Land</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Inventory</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Assets</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>339,103</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>256,014</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>84,066</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>679,183</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>809,194</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>497,241</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>645,915</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>79,846</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,223,002</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,388,798</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>528,092</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>885,220</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>73,209</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,486,521</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,632,772</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>366,559</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>426,349</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>27,375</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>820,283</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>904,671</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>333,250</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>424,500</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>88,376</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>846,126</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>917,529</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>871,553</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,093,490</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>121,685</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,086,728</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,280,912</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>56,889</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>270,519</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,203</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>347,611</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,658,881</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,992,687</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,002,007</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>494,760</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,489,454</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,592,757</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>462,323</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,992,687</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,002,007</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>494,760</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,489,454</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,055,080</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr></table></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:96.68615984405457%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating Data by Segment</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000's omitted)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homes Under<br/>Construction</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Land Under<br/>Development</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Raw Land</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Inventory</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Assets</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>234,413</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>327,599</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>73,574</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>635,586</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>791,511</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>433,411</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>613,626</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>121,238</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,168,275</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,287,992</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>359,651</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>876,856</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>109,069</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,345,576</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,481,837</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>299,896</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>476,694</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28,482</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>805,072</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>877,282</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>251,613</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>435,018</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>87,392</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>774,023</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>859,847</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>798,706</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,137,940</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>147,493</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,084,139</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,271,328</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>43,715</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>268,081</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,663</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>334,459</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,469,234</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,421,405</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,135,814</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>589,911</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,147,130</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,039,031</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>647,618</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,421,405</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,135,814</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>589,911</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,147,130</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,686,649</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div>Other homebuilding primarily includes cash and equivalents, capitalized interest, intangibles, deferred tax assets, and other corporate items that are not allocated to the operating segments. For reporting purposes, our Homebuilding operations are aggregated into <span style="font-family:inherit;font-size:10pt;"><span>six</span></span><span style="font-family:inherit;font-size:10pt;"> reportable segments: </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:93.95711500974659%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"/></tr><tr><td style="width:13%;"/><td style="width:1%;"/><td style="width:86%;"/></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Georgia, North Carolina, South Carolina, Tennessee</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Florida</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Texas</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Arizona, California, Nevada, New Mexico, Washington</span></div></td></tr></table></div> 6 <div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.64327485380117%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:47%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="15" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating Data by Segment <br/>($000’s omitted)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>185,614</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>168,371</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>518,676</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>425,275</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>451,600</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>393,905</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,271,730</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,104,149</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>506,670</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>338,078</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,311,016</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,015,795</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>412,803</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>406,126</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,066,775</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,008,617</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>347,986</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>269,997</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>925,317</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>793,207</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>693,073</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>507,629</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,945,345</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,299,758</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,597,746</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,084,106</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,038,859</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,646,801</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51,620</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,952</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>150,322</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>135,995</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Consolidated revenues</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,649,366</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,131,058</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,189,181</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,782,796</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Income (loss) before income taxes </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;font-style:italic;">(a)</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,938</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,046</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>53,408</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(12,803</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51,920</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45,109</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>146,735</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>117,749</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>73,802</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>52,191</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>186,238</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>132,824</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>52,438</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>59,636</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>123,889</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>115,463</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>55,382</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>42,727</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>136,777</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>122,045</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(c)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>138,698</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>75,753</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>382,317</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>107,987</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(d)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(26,123</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(45,999</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(65,497</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(103,441</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>365,055</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>250,463</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>963,867</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>479,824</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,633</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>17,786</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,182</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,238</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Consolidated income before income taxes</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>384,688</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>268,249</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,018,049</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>530,062</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span><div style="line-height:120%;padding-left:4px;padding-bottom:4px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Includes land-related charges, as summarized in the table below.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Florida includes a warranty charge of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$12.3 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> for the </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">nine months ended</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> September 30, 2017 related to a closed-out community (see </span><a href="#sC06812D634F70AEC6CD0632FA976F678" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 8</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">).</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(c)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">West includes gains of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$26.4 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> related to </span><span><span style="font-style:italic;">two</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> land sale transactions in California in the </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">nine months ended</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">.</span></div></td></tr></table><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(d)</span></div><span style="font-family:inherit;font-size:10pt;font-style:italic;">Other homebuilding includes the amortization of intangible assets and capitalized interest and other items not allocated to the operating segments. Other homebuilding also includes insurance reserve reversals of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$37.9 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$19.8 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> for the </span><span style="font-family:inherit;font-size:10pt;">nine months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">2017</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, respectively, and write-offs of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$5.3 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$20.3 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> of insurance receivables associated with the resolution of certain insurance matters in the three and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">nine months ended</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">September 30, 2017</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, respectively (see </span><a href="#sC06812D634F70AEC6CD0632FA976F678" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 8</span></a>). 185614000 168371000 518676000 425275000 451600000 393905000 1271730000 1104149000 506670000 338078000 1311016000 1015795000 412803000 406126000 1066775000 1008617000 347986000 269997000 925317000 793207000 693073000 507629000 1945345000 1299758000 2597746000 2084106000 7038859000 5646801000 51620000 46952000 150322000 135995000 2649366000 2131058000 7189181000 5782796000 18938000 21046000 53408000 -12803000 51920000 45109000 146735000 117749000 73802000 52191000 186238000 132824000 52438000 59636000 123889000 115463000 55382000 42727000 136777000 122045000 138698000 75753000 382317000 107987000 -26123000 -45999000 -65497000 -103441000 365055000 250463000 963867000 479824000 19633000 17786000 54182000 50238000 384688000 268249000 1018049000 530062000 12300000 26400000 two 37900000 19800000 5300000 20300000 1385000 1184000 3068000 51102000 663000 889000 2394000 1847000 262000 109000 671000 8862000 4960000 -393000 6078000 7703000 47000 51000 317000 898000 425000 306000 786000 56747000 391000 0 659000 4095000 8133000 2146000 13973000 131254000 <div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:96.68615984405457%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating Data by Segment</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000's omitted)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homes Under<br/>Construction</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Land Under<br/>Development</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Raw Land</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Inventory</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Assets</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>339,103</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>256,014</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>84,066</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>679,183</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>809,194</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>497,241</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>645,915</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>79,846</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,223,002</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,388,798</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>528,092</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>885,220</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>73,209</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,486,521</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,632,772</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>366,559</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>426,349</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>27,375</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>820,283</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>904,671</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>333,250</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>424,500</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>88,376</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>846,126</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>917,529</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>871,553</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,093,490</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>121,685</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,086,728</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,280,912</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>56,889</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>270,519</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,203</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>347,611</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,658,881</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,992,687</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,002,007</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>494,760</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,489,454</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,592,757</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>462,323</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,992,687</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,002,007</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>494,760</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,489,454</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,055,080</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr></table></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:96.68615984405457%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating Data by Segment</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000's omitted)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homes Under<br/>Construction</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Land Under<br/>Development</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Raw Land</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Inventory</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Assets</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>234,413</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>327,599</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>73,574</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>635,586</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>791,511</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>433,411</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>613,626</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>121,238</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,168,275</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,287,992</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>359,651</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>876,856</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>109,069</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,345,576</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,481,837</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>299,896</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>476,694</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28,482</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>805,072</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>877,282</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>251,613</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>435,018</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>87,392</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>774,023</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>859,847</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>798,706</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,137,940</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>147,493</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,084,139</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,271,328</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>43,715</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>268,081</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,663</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>334,459</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,469,234</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,421,405</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,135,814</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>589,911</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,147,130</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,039,031</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>647,618</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,421,405</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,135,814</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>589,911</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,147,130</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,686,649</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div>Other homebuilding primarily includes cash and equivalents, capitalized interest, intangibles, deferred tax assets, and other corporate items that are not allocated to the operating segments. 339103000 256014000 84066000 679183000 809194000 497241000 645915000 79846000 1223002000 1388798000 528092000 885220000 73209000 1486521000 1632772000 366559000 426349000 27375000 820283000 904671000 333250000 424500000 88376000 846126000 917529000 871553000 1093490000 121685000 2086728000 2280912000 56889000 270519000 20203000 347611000 1658881000 2992687000 4002007000 494760000 7489454000 9592757000 0 0 0 0 462323000 2992687000 4002007000 494760000 7489454000 10055080000 234413000 327599000 73574000 635586000 791511000 433411000 613626000 121238000 1168275000 1287992000 359651000 876856000 109069000 1345576000 1481837000 299896000 476694000 28482000 805072000 877282000 251613000 435018000 87392000 774023000 859847000 798706000 1137940000 147493000 2084139000 2271328000 43715000 268081000 22663000 334459000 1469234000 2421405000 4135814000 589911000 7147130000 9039031000 0 0 0 0 647618000 2421405000 4135814000 589911000 7147130000 9686649000 Debt<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Notes payable</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our senior notes are summarized as follows ($000’s omitted):</span></div><div style="line-height:120%;text-align:left;padding-left:72px;text-indent:-12px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:75.6335282651072%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:65%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, <br/>2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, <br/>2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">4.250% unsecured senior notes due March 2021 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>700,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>700,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">5.500% unsecured senior notes due March 2026 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>700,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>700,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">5.000% unsecured senior notes due January 2027 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>600,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>600,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">7.875% unsecured senior notes due June 2032 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>300,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>300,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">6.375% unsecured senior notes due May 2033 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>400,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>400,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">6.000% unsecured senior notes due February 2035 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>300,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>300,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net premiums, discounts, and issuance costs </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,200</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,057</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total senior notes</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,986,800</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,986,943</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other notes payable</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,618</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,024</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Notes payable</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,005,418</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,006,967</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Estimated fair value</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,959,080</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,263,774</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-left:4px;padding-bottom:8px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Redeemable prior to maturity; guaranteed on a senior basis by certain wholly-owned subsidiaries.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes. </span></div></td></tr></table><div style="line-height:120%;padding-left:24px;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> Other notes payable include non-recourse and limited recourse collateralized notes with third parties that totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$18.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$20.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. These notes have maturities ranging up to </span><span style="font-family:inherit;font-size:10pt;"><span>three years</span></span><span style="font-family:inherit;font-size:10pt;">, are secured by the applicable land positions to which they relate, and have no recourse to any other assets. The stated interest rates on these notes range up to </span><span style="font-family:inherit;font-size:10pt;"><span>8.01%</span></span><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-left:24px;text-indent:-24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Revolving credit facility</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In June 2018, we entered into the Second Amended and Restated Credit Agreement ("Revolving Credit Facility") which replaced the Company's previous credit agreement. The Revolving Credit Facility contains substantially similar terms to the previous credit agreement and extended the maturity date from June 2019 to June 2023. The Revolving Credit Facility has a maximum borrowing capacity of </span><span style="font-family:inherit;font-size:10pt;"><span>$1.0 billion</span></span><span style="font-family:inherit;font-size:10pt;"> and contains an uncommitted accordion feature that could increase the capacity to </span><span style="font-family:inherit;font-size:10pt;"><span>$1.5 billion</span></span><span style="font-family:inherit;font-size:10pt;">, subject to certain conditions and availability of additional bank commitments. The Revolving Credit Facility also provides for the issuance of letters of credit that reduce the available borrowing capacity under the Revolving Credit Facility, with a sublimit of </span><span style="font-family:inherit;font-size:10pt;"><span>$500.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;">. The interest rate on borrowings under the Revolving Credit Facility may be based on either the London Interbank Offered Rate ("LIBOR") or a base rate plus an applicable margin, as defined therein. We had </span><span style="font-family:inherit;font-size:10pt;"><span>no</span></span><span style="font-family:inherit;font-size:10pt;"> borrowings outstanding at </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$219.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$235.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> of letters of credit issued under the Revolving Credit Facility at </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Revolving Credit Facility contains financial covenants that require us to maintain a minimum Tangible Net Worth, a minimum Interest Coverage Ratio, and a maximum Debt-to-Capitalization Ratio (as each term is defined in the Revolving Credit Facility). As of </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;">, we were in compliance with all covenants. Our available and unused borrowings</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">under the Revolving Credit Facility, net of outstanding letters of credit, amounted to </span><span style="font-family:inherit;font-size:10pt;"><span>$780.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$764.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-left:24px;text-indent:-24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Joint venture debt</span></div><div style="line-height:120%;padding-left:24px;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">At </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;">, aggregate outstanding debt of unconsolidated joint ventures was </span><span style="font-family:inherit;font-size:10pt;"><span>$49.5 million</span></span><span style="font-family:inherit;font-size:10pt;">, of which </span><span style="font-family:inherit;font-size:10pt;"><span>$49.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> was related to one joint venture in which we have a </span><span style="font-family:inherit;font-size:10pt;"><span>50%</span></span><span style="font-family:inherit;font-size:10pt;"> interest. In connection with this loan, we and our joint venture partner provided customary limited recourse guaranties under which our maximum financial loss exposure is limited to our pro rata share of the debt outstanding. The limited guaranties include, but are not limited to: (i) completion of certain aspects of the project, (ii) an environmental indemnity provided to the lender, and (iii) an indemnification of the lender from certain "bad boy acts" of the joint venture.</span></div><div style="line-height:120%;padding-left:24px;text-indent:-24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-left:24px;text-indent:-24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Services debt</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">Pulte Mortgage maintains a master repurchase agreement with third party lenders. In </span><span style="font-family:inherit;font-size:10pt;">August 2018</span><span style="font-family:inherit;font-size:10pt;">, Pulte Mortgage entered into an amended and restated repurchase agreement (the “Repurchase Agreement”) that extended the effective date to </span><span style="font-family:inherit;font-size:10pt;">August 2019</span><span style="font-family:inherit;font-size:10pt;">. The maximum aggregate commitment is </span><span style="font-family:inherit;font-size:10pt;"><span>$400.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;">, which increases to </span><span style="font-family:inherit;font-size:10pt;"><span>$520.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> during the seasonally high borrowing period from December 26, 2018 through January 14, 2019. At all other times, the maximum aggregate commitment ranges from </span><span style="font-family:inherit;font-size:10pt;"><span>$240.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> to </span><span style="font-family:inherit;font-size:10pt;"><span>$400.0 million</span></span><span style="font-family:inherit;font-size:10pt;">. The purpose of changes in capacity during the term of the agreement is to lower associated fees during seasonally lower volume periods of mortgage origination activity. Borrowings under the Repurchase Agreement are secured by residential mortgage loans available-for-sale. The Repurchase Agreement contains various affirmative and negative covenants applicable to Pulte Mortgage, including quantitative thresholds related to net worth, net income, and liquidity. Pulte Mortgage had </span><span style="font-family:inherit;font-size:10pt;"><span>$250.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$437.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> outstanding under the Repurchase Agreement at </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span>, respectively, and was in compliance with all of its covenants and requirements as of such dates. Our senior notes are summarized as follows ($000’s omitted):<div style="line-height:120%;text-align:left;padding-left:72px;text-indent:-12px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:75.6335282651072%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:65%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, <br/>2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, <br/>2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">4.250% unsecured senior notes due March 2021 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>700,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>700,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">5.500% unsecured senior notes due March 2026 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>700,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>700,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">5.000% unsecured senior notes due January 2027 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>600,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>600,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">7.875% unsecured senior notes due June 2032 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>300,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>300,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">6.375% unsecured senior notes due May 2033 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>400,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>400,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">6.000% unsecured senior notes due February 2035 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>300,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>300,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net premiums, discounts, and issuance costs </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,200</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,057</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total senior notes</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,986,800</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,986,943</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other notes payable</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,618</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,024</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Notes payable</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,005,418</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,006,967</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Estimated fair value</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,959,080</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,263,774</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-left:4px;padding-bottom:8px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Redeemable prior to maturity; guaranteed on a senior basis by certain wholly-owned subsidiaries.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes. </span></div></td></tr></table><br/> 700000000 700000000 700000000 700000000 600000000 600000000 300000000 300000000 400000000 400000000 300000000 300000000 13200000 13057000 2986800000 2986943000 18618000 20024000 3005418000 3006967000 2959080000 3263774000 18600000 20000000.0 P3Y 0.0801 1000000000.0 1500000000 500000000.0 0 219600000 235500000 780400000 764500000 49500000 49400000 0.50 400000000.0 520000000.0 240000000.0 400000000.0 250700000 437800000 Shareholders’ equity<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">During the </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">nine months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;">, we declared cash dividends totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$77.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> and repurchased </span><span style="font-family:inherit;font-size:10pt;"><span>5.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> shares under our repurchase authorization for </span><span style="font-family:inherit;font-size:10pt;"><span>$172.1 million</span></span><span style="font-family:inherit;font-size:10pt;">. For the </span><span style="font-family:inherit;font-size:10pt;">nine months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">September 30, 2017</span><span style="font-family:inherit;font-size:10pt;">, we declared cash dividends totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$83.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> and repurchased </span><span style="font-family:inherit;font-size:10pt;"><span>27.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> shares under our repurchase authorization for </span><span style="font-family:inherit;font-size:10pt;"><span>$659.8 million</span></span><span style="font-family:inherit;font-size:10pt;">. At </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;">, we had remaining authorization to repurchase </span><span style="font-family:inherit;font-size:10pt;"><span>$422.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> of common shares.</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">Under our share-based compensation plans, we accept shares as payment under certain conditions related to stock option exercises and vesting of shares, generally related to the payment of minimum tax obligations. During the </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">nine months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</span><span style="font-family:inherit;font-size:10pt;">, participants surrendered shares valued at </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$7.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$6.0 million</span></span>, respectively, under these plans. Such share transactions are excluded from the above noted share repurchase authorization. 77700000 5800000 172100000 83700000 27800000 659800000 422400000 7400000 6000000.0 Income taxes<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our effective tax rate for the </span><span style="font-family:inherit;font-size:10pt;">three and nine months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> was </span><span style="font-family:inherit;font-size:10pt;"><span>24.7%</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>23.0%</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, compared to </span><span style="font-family:inherit;font-size:10pt;"><span>33.8%</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>30.2%</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, for the same periods in 2017. For the </span><span style="font-family:inherit;font-size:10pt;">three months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;">, our effective tax rate differs from the federal statutory rate primarily due to state income tax expense on current year earnings. For the </span><span style="font-family:inherit;font-size:10pt;">nine months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;">, our effective tax rate differs from the federal statutory rate primarily due to state income tax expense on current year earnings, tax benefits due to Internal Revenue Service acceptance of an accounting method change applicable to the 2017 tax year, energy credits, and tax law changes. For the same periods in the prior year, our effective tax rate differed from the federal statutory rate primarily due to state income tax expense on current year earnings, the favorable resolution of certain state income tax matters, the domestic production activities deduction, and tax law changes. Our effective tax rates for the </span><span style="font-family:inherit;font-size:10pt;">three and nine months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> are lower than the prior year periods primarily due to the federal statutory rate reduction from 35% in 2017 to 21% in 2018 due to the Tax Cuts and Jobs Act (the “Tax Act”), which was enacted on December 22, 2017.</span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We have not fully completed our accounting for the income tax effects of the Tax Act. As discussed in the SEC Staff Accounting Bulletin No. 118, the accounting for the Tax Act should be completed within one year from the Tax Act enactment. During the </span><span style="font-family:inherit;font-size:10pt;">three and nine months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;">, we have made no material adjustments to the provisional amounts recorded at December 31, 2017. Adjustments to the provisional amounts recorded at December 31, 2017 will be reflected upon the completion of our accounting for the Tax Act.</span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">At </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, we had deferred tax assets, net of deferred tax liabilities and valuation allowance, of </span><span style="font-family:inherit;font-size:10pt;"><span>$408.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$645.3 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. The accounting for deferred taxes is based upon estimates of future results. Differences between estimated and actual results could result in changes in the valuation of deferred tax assets that could have a material impact on our consolidated results of operations or financial position. Changes in existing tax laws could also affect actual tax results and the realization of deferred tax assets over time. </span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">Unrecognized tax benefits represent the difference between tax positions taken or expected to be taken in a tax return and the benefits recognized for financial statement purposes. At </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, we had </span><span style="font-family:inherit;font-size:10pt;"><span>$20.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$48.6 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, of gross unrecognized tax benefits and </span><span style="font-family:inherit;font-size:10pt;"><span>$5.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$4.9 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, of related accrued interest and penalties. It is reasonably possible within the next twelve months that our gross unrecognized tax benefits may decrease by up to </span><span style="font-family:inherit;font-size:10pt;"><span>$12.0 million</span></span>, excluding interest and penalties, primarily due to potential audit settlements. 0.247 0.230 0.338 0.302 408000000.0 645300000 20700000 48600000 5400000 4900000 12000000.0 Fair value disclosures<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">ASC 820, “Fair Value Measurements and Disclosures,” provides a framework for measuring fair value in generally accepted accounting principles and establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The fair value hierarchy can be summarized as follows:</span><span style="font-family:inherit;font-size:9pt;"> </span></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"/></tr><tr><td style="width:7%;"/><td style="width:1%;"/><td style="width:92%;"/></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 1</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Fair value determined based on quoted prices in active markets for identical assets or liabilities.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Fair value determined using significant observable inputs, generally either quoted prices in active markets for similar assets or liabilities or quoted prices in markets that are not active.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 3</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Fair value determined using significant unobservable inputs, such as pricing models, discounted cash flows, or similar techniques.</span></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our assets and liabilities measured or disclosed at fair value are summarized below ($000’s omitted):</span><span style="font-family:inherit;font-size:9pt;"> </span></div><div style="line-height:120%;text-align:center;padding-left:24px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:92.00779727095517%;border-collapse:collapse;text-align:left;"><tr><td colspan="11"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Instrument</span></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value<br/>Hierarchy</span></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</span></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, <br/>2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, <br/>2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Measured at fair value on a recurring basis:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Residential mortgage loans available-for-sale</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>349,784</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>570,600</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest rate lock commitments</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,261</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,583</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Forward contracts</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,626</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(385</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Whole loan commitments</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>617</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(147</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Measured at fair value on a non-recurring basis:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">House and land inventory</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 3</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,447</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,045</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land held for sale</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,651</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,600</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Disclosed at fair value:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 1</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>759,012</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306,168</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services debt</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>250,733</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>437,804</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other notes payable</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,618</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,024</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Senior notes payable</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,940,462</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,243,750</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Fair values for agency residential mortgage loans available-for-sale are determined based on quoted market prices for comparable instruments. Fair values for non-agency residential mortgage loans available-for-sale are determined based on purchase commitments from whole loan investors and other relevant market information available to management. Fair values for interest rate lock commitments, including the value of servicing rights, and forward contracts on mortgage-backed securities are valued based on market prices for similar instruments. Fair values for whole loan commitments are based on market prices for similar instruments from the specific whole loan investor.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Certain assets are required to be recorded at fair value on a non-recurring basis when events and circumstances indicate that the carrying value may not be recoverable. The non-recurring fair values included in the above table represent only those assets whose carrying values were adjusted to fair value as of the respective balance sheet dates. See </span><a href="#s9263C6A6AB0065E98DFB632FA85C6971" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;"> for</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span><span style="font-family:inherit;font-size:10pt;">the valuation techniques and inputs applied in determining the fair value of house and land inventory and land held for sale.</span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">The carrying amounts of cash and equivalents, Financial Services debt, and other notes payable approximate their fair values due to their short-term nature and/or floating interest rate terms. The fair values of senior notes are based on quoted market prices, when available. If quoted market prices are not available, fair values are based on quoted market prices of similar issues. The carrying value of senior notes was </span><span style="font-family:inherit;font-size:10pt;"><span>$3.0 billion</span></span><span style="font-family:inherit;font-size:10pt;"> at both </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span>. Our assets and liabilities measured or disclosed at fair value are summarized below ($000’s omitted):<span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:92.00779727095517%;border-collapse:collapse;text-align:left;"><tr><td colspan="11"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Instrument</span></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value<br/>Hierarchy</span></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</span></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, <br/>2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, <br/>2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Measured at fair value on a recurring basis:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Residential mortgage loans available-for-sale</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>349,784</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>570,600</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest rate lock commitments</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,261</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,583</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Forward contracts</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,626</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(385</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Whole loan commitments</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>617</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(147</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Measured at fair value on a non-recurring basis:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">House and land inventory</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 3</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,447</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,045</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land held for sale</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,651</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,600</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Disclosed at fair value:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 1</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>759,012</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306,168</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services debt</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>250,733</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>437,804</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other notes payable</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,618</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,024</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Senior notes payable</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,940,462</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,243,750</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 349784000 570600000 9261000 5583000 -2626000 385000 617000 -147000 4447000 11045000 6651000 8600000 759012000 306168000 250733000 437804000 18618000 20024000 2940462000 3243750000 Fair values for agency residential mortgage loans available-for-sale are determined based on quoted market prices for comparable instruments. Fair values for non-agency residential mortgage loans available-for-sale are determined based on purchase commitments from whole loan investors and other relevant market information available to management. Fair values for interest rate lock commitments, including the value of servicing rights, and forward contracts on mortgage-backed securities are valued based on market prices for similar instruments. Fair values for whole loan commitments are based on market prices for similar instruments from the specific whole loan investor.<div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Certain assets are required to be recorded at fair value on a non-recurring basis when events and circumstances indicate that the carrying value may not be recoverable. The non-recurring fair values included in the above table represent only those assets whose carrying values were adjusted to fair value as of the respective balance sheet dates. See </span><a href="#s9263C6A6AB0065E98DFB632FA85C6971" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;"> for</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span><span style="font-family:inherit;font-size:10pt;">the valuation techniques and inputs applied in determining the fair value of house and land inventory and land held for sale.</span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">The carrying amounts of cash and equivalents, Financial Services debt, and other notes payable approximate their fair values due to their short-term nature and/or floating interest rate terms. The fair values of senior notes are based on quoted market prices, when available. If quoted market prices are not available, fair values are based on quoted market prices of similar issues. The carrying value of senior notes was </span><span style="font-family:inherit;font-size:10pt;"><span>$3.0 billion</span></span><span style="font-family:inherit;font-size:10pt;"> at both </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span>. 3000000000.0 Commitments and contingencies<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Loan origination liabilities</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our mortgage operations may be responsible for losses associated with mortgage loans originated and sold to investors in the event of errors or omissions relating to representations and warranties made by us that the loans met certain requirements, including representations as to underwriting standards, the existence of primary mortgage insurance, and the validity of certain borrower representations in connection with the loan. In addition, certain trustees and investors continue to attempt to collect damages based on losses from loans that originated prior to 2009. Some of our mortgage subsidiaries are currently defendants in litigation related to such claims. </span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our recorded liabilities for all such claims totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$34.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$34.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. Determining the liabilities for anticipated losses requires a significant level of management judgment. Given the nature of these claims and the uncertainty regarding their ultimate resolution, actual costs could differ from our current estimates. </span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Letters of credit and surety bonds</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In the normal course of business, we post letters of credit and surety bonds pursuant to certain performance-related obligations, as security for certain land option agreements, and under various insurance programs. The majority of these letters of credit and surety bonds are in support of our land development and construction obligations to various municipalities, other government agencies, and utility companies related to the construction of roads, sewers, and other infrastructure. We had outstanding letters of credit and surety bonds totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$219.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$1.2 billion</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, at </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$235.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$1.2 billion</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, at </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">. In the event any such letter of credit or surety bond is drawn, we would be obligated to reimburse the issuer of the letter of credit or surety bond. We do not believe that a material amount, if any, of the letters of credit or surety bonds will be drawn. Our surety bonds generally do not have stated expiration dates; rather we are released from the surety bonds as the underlying contractual performance is completed. Because significant construction and development work has been performed related to projects that have not yet received final acceptance by the respective counterparties, the aggregate amount of surety bonds outstanding is in excess of the projected cost of the remaining work to be performed.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Litigation and regulatory matters</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We are involved in various litigation and legal claims in the normal course of our business operations, including actions brought on behalf of various classes of claimants. We are also subject to a variety of local, state, and federal laws and regulations related to land development activities, house construction standards, sales practices, mortgage lending operations, employment practices, and protection of the environment. As a result, we are subject to periodic examination or inquiry by various governmental agencies that administer these laws and regulations.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We establish liabilities for legal claims and regulatory matters when such matters are both probable of occurring and any potential loss is reasonably estimable. We accrue for such matters based on the facts and circumstances specific to each matter and revise these estimates as the matters evolve. In such cases, there may exist an exposure to loss in excess of any amounts currently accrued. In view of the inherent difficulty of predicting the outcome of these legal and regulatory matters, we generally cannot predict the ultimate resolution of the pending matters, the related timing, or the eventual loss. While the outcome of such contingencies cannot be predicted with certainty, we do not believe that the resolution of such matters will have a material adverse impact on our results of operations, financial position, or cash flows. However, to the extent the liability arising from the ultimate resolution of any matter exceeds the estimates reflected in the recorded reserves relating to such matter, we could incur additional charges that could be significant. </span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Allowance for warranties</span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home purchasers are provided with a limited warranty against certain building defects, including a one-year comprehensive limited warranty and coverage for certain other aspects of the home’s construction and operating systems for periods of up to and, in limited instances, exceeding </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>10</span></span><span style="font-family:inherit;font-size:10pt;"> years. We estimate the costs to be incurred under these warranties and record liabilities in the amount of such costs at the time product revenue is recognized. Factors that affect our warranty liabilities include the number of homes sold, historical and anticipated rates of warranty claims, and the cost per claim. We periodically assess the adequacy of the warranty liabilities for each geographic market in which we operate and adjust the amounts as necessary. Actual warranty costs in the future could differ from the current estimates. Changes to warranty liabilities were as follows ($000’s omitted):</span></div><div style="line-height:120%;text-align:center;text-indent:24px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:80.7017543859649%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:45%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Warranty liabilities, beginning of period</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>72,169</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>73,353</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>72,709</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>66,134</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reserves provided</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,376</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12,286</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,022</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35,374</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Payments</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(15,993</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,679</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(47,403</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(43,594</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other adjustments</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> (a)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>638</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>265</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,862</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,311</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Warranty liabilities, end of period</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>75,190</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>71,225</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>75,190</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>71,225</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">During the </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">nine months ended</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">September 30, 2017</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, we recognized a charge of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$12.3 million</span></span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">related to estimated costs to complete repairs in a closed-out community in Florida.</span></div></td></tr></table><div style="line-height:120%;text-align:center;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Self-insured risks</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We maintain, and require our subcontractors to maintain, general liability insurance coverage. We also maintain builders' risk, property, errors and omissions, workers' compensation, and other business insurance coverage. These insurance policies protect us against a portion of the risk of loss from claims. However, we retain a significant portion of the overall risk for such claims either through policies issued by our captive insurance subsidiaries or through our own self-insured per occurrence and aggregate retentions, deductibles, and claims in excess of available insurance policy limits. </span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our general liability insurance includes coverage for certain construction defects. While construction defect claims can relate to a variety of circumstances, the majority of our claims relate to alleged problems with siding, plumbing, foundations and other concrete work, windows, roofing, and heating, ventilation and air conditioning systems. The availability of general liability insurance for the homebuilding industry and its subcontractors has become increasingly limited, and the insurance policies available require us to maintain significant per occurrence and aggregate retention levels. In certain instances, we may offer our subcontractors the opportunity to purchase insurance through one of our captive insurance subsidiaries or participate in a project-specific insurance program provided by us. Policies issued by our captive insurance subsidiaries represent self-insurance of these risks by us. This self-insured exposure is limited by reinsurance policies that we purchase. General liability coverage for the homebuilding industry is complex, and our coverage varies from policy year to policy year. Our insurance coverage requires a per occurrence deductible up to an overall aggregate retention level. Beginning with the first dollar, amounts paid to satisfy insured claims apply to our per occurrence and aggregate retention obligations. Any amounts incurred in excess of the occurrence or aggregate retention levels are covered by insurance up to our purchased coverage levels. Our insurance policies, including the captive insurance subsidiaries' reinsurance policies, are maintained with highly-rated underwriters for whom we believe counterparty default risk is not significant.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">At any point in time, we are managing over </span><span style="font-family:inherit;font-size:10pt;"><span>1,000</span></span><span style="font-family:inherit;font-size:10pt;"> individual claims related to general liability, property, errors and omissions, workers' compensation, and other business insurance coverage. We reserve for costs associated with such claims (including expected claims management expenses) on an undiscounted basis at the time revenue is recognized for each home closing and evaluate the recorded liabilities based on actuarial analyses of our historical claims. The actuarial analyses calculate estimates of the ultimate net cost of all unpaid losses, including estimates for incurred but not reported losses ("IBNR"). IBNR represents losses related to claims incurred but not yet reported plus development on reported claims.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our recorded reserves for all such claims totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$726.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$758.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively, the vast majority of which relate to general liability claims. The recorded reserves include </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">loss estimates related to both (i) existing claims and related claim expenses and (ii) IBNR and related claim expenses. Liabilities related to IBNR and related claim expenses represented approximately </span><span style="font-family:inherit;font-size:10pt;"><span>62%</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>65%</span></span><span style="font-family:inherit;font-size:10pt;"> of the total general liability reserves at </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. The actuarial analyses that determine the IBNR portion of reserves consider a variety of factors, including the frequency and severity of losses, which are based on our historical claims experience supplemented by industry data. The actuarial analyses of the reserves also consider historical third party recovery rates and claims management expenses. </span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Housing market conditions have been volatile across most of our markets over the past ten years, and we believe such conditions can affect the frequency and cost of construction defect claims. Additionally, IBNR estimates comprise the majority of our liability and are subject to a high degree of uncertainty due to a variety of factors, including changes in claims reporting and resolution patterns, third party recoveries, insurance industry practices, the regulatory environment, and legal precedent. State regulations vary, but construction defect claims are reported and resolved over an extended period often exceeding ten years. Changes in the frequency and timing of reported claims and estimates of specific claim values can impact the underlying inputs and trends utilized in the actuarial analyses, which could have a material impact on the recorded reserves. Additionally, the amount of insurance coverage available for each policy period also impacts our recorded reserves. Because of the inherent uncertainty in estimating future losses and the timing of such losses related to these claims, actual costs could differ significantly from estimated costs. </span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Adjustments to reserves are recorded in the period in which the change in estimate occurs. We reduced general liability reserves by </span><span style="font-family:inherit;font-size:10pt;"><span>$37.9 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$19.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> during the nine months ended </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">September 30, 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. These reductions were the result of changes in estimates driven by claim experience being less than anticipated in previous actuarial projections. These changes in actuarial estimates did not involve any changes in actuarial methodology but did impact the development of estimates for future periods, which resulted in adjustments to the IBNR portion of our recorded liabilities.</span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Costs associated with our insurance programs are classified within selling, general, and administrative expenses. Changes in these liabilities were as follows ($000's omitted): </span></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:24px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:79.72709551656921%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:43%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance, beginning of period</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>725,482</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>814,756</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>758,812</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>831,058</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reserves provided, net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>24,106</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>24,361</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>67,001</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>62,970</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Adjustments to previously recorded reserves</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> (a)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,065</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(511</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(40,133</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(22,304</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Payments, net </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(18,026</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,981</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(59,183</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(47,099</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance, end of period</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>726,497</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>824,625</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>726,497</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>824,625</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;padding-left:60px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Includes general liability reserve reversals of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$37.9 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$19.8 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> for the </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">nine months ended</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">September 30, 2017</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, respectively.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Includes net changes in amounts expected to be recovered from our insurance carriers, which are recorded in other assets (see below).</span></div></td></tr></table><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In certain instances, we have the ability to recover a portion of our costs under various insurance policies or from subcontractors or other third parties. Estimates of such amounts are recorded when recovery is considered probable. Such receivables are recorded in other assets and totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$151.2 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$213.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. The insurance receivables relate to costs incurred to perform corrective repairs, settle claims with customers, and other costs related to the continued progression of construction defect claims that we believe are insured. Given the complexity inherent with resolving construction defect claims in the homebuilding industry as described above, there generally exists a significant lag between our payment of claims and our reimbursements from applicable insurance carriers. In addition, disputes between homebuilders and carriers over coverage positions relating to construction defect claims are common. Resolution of claims with carriers involves the exchange of significant amounts of information and frequently involves legal action. </span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">During the </span><span style="font-family:inherit;font-size:10pt;">nine months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">September 30, 2017</span><span style="font-family:inherit;font-size:10pt;">, we wrote-off </span><span style="font-family:inherit;font-size:10pt;"><span>$20.3 million</span></span><span style="font-family:inherit;font-size:10pt;"> of insurance receivables in conjunction with settling insurance policies with multiple carriers covering multiple years. At </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;">, we are the plaintiff in an arbitration proceeding with one of our insurance carriers in regard to </span><span style="font-family:inherit;font-size:10pt;"><span>$21.5 million</span></span> of recorded insurance receivables relating to the applicability of coverage to such costs under its policy. We believe collection of our recorded insurance receivables, including those in litigation, is probable based on the legal merits of our positions after review by legal counsel, the high credit ratings of our carriers, and our long history of collecting significant amounts of insurance reimbursements under similar insurance policies related to similar claims. While the outcomes of these matters cannot be predicted with certainty, we do not believe that the resolution of such matters will have a material adverse impact on our results of operations, financial position, or cash flows. Our mortgage operations may be responsible for losses associated with mortgage loans originated and sold to investors in the event of errors or omissions relating to representations and warranties made by us that the loans met certain requirements, including representations as to underwriting standards, the existence of primary mortgage insurance, and the validity of certain borrower representations in connection with the loan. In addition, certain trustees and investors continue to attempt to collect damages based on losses from loans that originated prior to 2009. Some of our mortgage subsidiaries are currently defendants in litigation related to such claims. <div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our recorded liabilities for all such claims totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$34.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$34.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. Determining the liabilities for anticipated losses requires a significant level of management judgment. Given the nature of these claims and the uncertainty regarding their ultimate resolution, actual costs could differ from our current estimates. </span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div> 34400000 34600000 In the normal course of business, we post letters of credit and surety bonds pursuant to certain performance-related obligations, as security for certain land option agreements, and under various insurance programs. The majority of these letters of credit and surety bonds are in support of our land development and construction obligations to various municipalities, other government agencies, and utility companies related to the construction of roads, sewers, and other infrastructure. We had outstanding letters of credit and surety bonds totaling <span style="font-family:inherit;font-size:10pt;"><span>$219.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$1.2 billion</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, at </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$235.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$1.2 billion</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, at </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2017</span>. In the event any such letter of credit or surety bond is drawn, we would be obligated to reimburse the issuer of the letter of credit or surety bond. We do not believe that a material amount, if any, of the letters of credit or surety bonds will be drawn. Our surety bonds generally do not have stated expiration dates; rather we are released from the surety bonds as the underlying contractual performance is completed. Because significant construction and development work has been performed related to projects that have not yet received final acceptance by the respective counterparties, the aggregate amount of surety bonds outstanding is in excess of the projected cost of the remaining work to be performed. 219600000 1200000000 235500000 1200000000 We are involved in various litigation and legal claims in the normal course of our business operations, including actions brought on behalf of various classes of claimants. We are also subject to a variety of local, state, and federal laws and regulations related to land development activities, house construction standards, sales practices, mortgage lending operations, employment practices, and protection of the environment. As a result, we are subject to periodic examination or inquiry by various governmental agencies that administer these laws and regulations.<div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We establish liabilities for legal claims and regulatory matters when such matters are both probable of occurring and any potential loss is reasonably estimable. We accrue for such matters based on the facts and circumstances specific to each matter and revise these estimates as the matters evolve. In such cases, there may exist an exposure to loss in excess of any amounts currently accrued. In view of the inherent difficulty of predicting the outcome of these legal and regulatory matters, we generally cannot predict the ultimate resolution of the pending matters, the related timing, or the eventual loss. While the outcome of such contingencies cannot be predicted with certainty, we do not believe that the resolution of such matters will have a material adverse impact on our results of operations, financial position, or cash flows. However, to the extent the liability arising from the ultimate resolution of any matter exceeds the estimates reflected in the recorded reserves relating to such matter, we could incur additional charges that could be significant. </span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div> Allowance for warranties<div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">Home purchasers are provided with a limited warranty against certain building defects, including a one-year comprehensive limited warranty and coverage for certain other aspects of the home’s construction and operating systems for periods of up to and, in limited instances, exceeding </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>10</span></span> years. We estimate the costs to be incurred under these warranties and record liabilities in the amount of such costs at the time product revenue is recognized. Factors that affect our warranty liabilities include the number of homes sold, historical and anticipated rates of warranty claims, and the cost per claim. We periodically assess the adequacy of the warranty liabilities for each geographic market in which we operate and adjust the amounts as necessary. Actual warranty costs in the future could differ from the current estimates. P10Y Changes to warranty liabilities were as follows ($000’s omitted):<div style="line-height:120%;text-align:center;text-indent:24px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:80.7017543859649%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:45%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Warranty liabilities, beginning of period</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>72,169</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>73,353</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>72,709</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>66,134</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reserves provided</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,376</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12,286</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,022</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35,374</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Payments</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(15,993</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,679</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(47,403</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(43,594</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other adjustments</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> (a)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>638</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>265</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,862</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,311</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Warranty liabilities, end of period</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>75,190</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>71,225</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>75,190</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>71,225</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">During the </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">nine months ended</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">September 30, 2017</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, we recognized a charge of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$12.3 million</span></span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">related to estimated costs to complete repairs in a closed-out community in Florida.</span></div></td></tr></table><div style="line-height:120%;text-align:center;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div> 72169000 73353000 72709000 66134000 18376000 12286000 46022000 35374000 15993000 14679000 47403000 43594000 638000 265000 3862000 13311000 75190000 71225000 75190000 71225000 12300000 Self-insured risks<div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We maintain, and require our subcontractors to maintain, general liability insurance coverage. We also maintain builders' risk, property, errors and omissions, workers' compensation, and other business insurance coverage. These insurance policies protect us against a portion of the risk of loss from claims. However, we retain a significant portion of the overall risk for such claims either through policies issued by our captive insurance subsidiaries or through our own self-insured per occurrence and aggregate retentions, deductibles, and claims in excess of available insurance policy limits. </span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our general liability insurance includes coverage for certain construction defects. While construction defect claims can relate to a variety of circumstances, the majority of our claims relate to alleged problems with siding, plumbing, foundations and other concrete work, windows, roofing, and heating, ventilation and air conditioning systems. The availability of general liability insurance for the homebuilding industry and its subcontractors has become increasingly limited, and the insurance policies available require us to maintain significant per occurrence and aggregate retention levels. In certain instances, we may offer our subcontractors the opportunity to purchase insurance through one of our captive insurance subsidiaries or participate in a project-specific insurance program provided by us. Policies issued by our captive insurance subsidiaries represent self-insurance of these risks by us. This self-insured exposure is limited by reinsurance policies that we purchase. General liability coverage for the homebuilding industry is complex, and our coverage varies from policy year to policy year. Our insurance coverage requires a per occurrence deductible up to an overall aggregate retention level. Beginning with the first dollar, amounts paid to satisfy insured claims apply to our per occurrence and aggregate retention obligations. Any amounts incurred in excess of the occurrence or aggregate retention levels are covered by insurance up to our purchased coverage levels. Our insurance policies, including the captive insurance subsidiaries' reinsurance policies, are maintained with highly-rated underwriters for whom we believe counterparty default risk is not significant.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">At any point in time, we are managing over </span><span style="font-family:inherit;font-size:10pt;"><span>1,000</span></span><span style="font-family:inherit;font-size:10pt;"> individual claims related to general liability, property, errors and omissions, workers' compensation, and other business insurance coverage. We reserve for costs associated with such claims (including expected claims management expenses) on an undiscounted basis at the time revenue is recognized for each home closing and evaluate the recorded liabilities based on actuarial analyses of our historical claims. The actuarial analyses calculate estimates of the ultimate net cost of all unpaid losses, including estimates for incurred but not reported losses ("IBNR"). IBNR represents losses related to claims incurred but not yet reported plus development on reported claims.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our recorded reserves for all such claims totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$726.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$758.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively, the vast majority of which relate to general liability claims. The recorded reserves include </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">loss estimates related to both (i) existing claims and related claim expenses and (ii) IBNR and related claim expenses. Liabilities related to IBNR and related claim expenses represented approximately </span><span style="font-family:inherit;font-size:10pt;"><span>62%</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>65%</span></span><span style="font-family:inherit;font-size:10pt;"> of the total general liability reserves at </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. The actuarial analyses that determine the IBNR portion of reserves consider a variety of factors, including the frequency and severity of losses, which are based on our historical claims experience supplemented by industry data. The actuarial analyses of the reserves also consider historical third party recovery rates and claims management expenses. </span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Housing market conditions have been volatile across most of our markets over the past ten years, and we believe such conditions can affect the frequency and cost of construction defect claims. Additionally, IBNR estimates comprise the majority of our liability and are subject to a high degree of uncertainty due to a variety of factors, including changes in claims reporting and resolution patterns, third party recoveries, insurance industry practices, the regulatory environment, and legal precedent. State regulations vary, but construction defect claims are reported and resolved over an extended period often exceeding ten years. Changes in the frequency and timing of reported claims and estimates of specific claim values can impact the underlying inputs and trends utilized in the actuarial analyses, which could have a material impact on the recorded reserves. Additionally, the amount of insurance coverage available for each policy period also impacts our recorded reserves. Because of the inherent uncertainty in estimating future losses and the timing of such losses related to these claims, actual costs could differ significantly from estimated costs. </span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Adjustments to reserves are recorded in the period in which the change in estimate occurs. We reduced general liability reserves by </span><span style="font-family:inherit;font-size:10pt;"><span>$37.9 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$19.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> during the nine months ended </span><span style="font-family:inherit;font-size:10pt;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">September 30, 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. These reductions were the result of changes in estimates driven by claim experience being less than anticipated in previous actuarial projections. These changes in actuarial estimates did not involve any changes in actuarial methodology but did impact the development of estimates for future periods, which resulted in adjustments to the IBNR portion of our recorded liabilities.</span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>Costs associated with our insurance programs are classified within selling, general, and administrative expenses. 1000 726500000 758800000 0.62 0.65 37900000 19800000 Changes in these liabilities were as follows ($000's omitted): <div style="line-height:120%;text-align:center;padding-left:0px;text-indent:24px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:79.72709551656921%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:43%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance, beginning of period</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>725,482</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>814,756</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>758,812</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>831,058</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reserves provided, net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>24,106</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>24,361</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>67,001</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>62,970</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Adjustments to previously recorded reserves</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> (a)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,065</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(511</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(40,133</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(22,304</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Payments, net </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(18,026</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,981</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(59,183</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(47,099</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance, end of period</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>726,497</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>824,625</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>726,497</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>824,625</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;padding-left:60px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Includes general liability reserve reversals of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$37.9 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$19.8 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> for the </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">nine months ended</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">September 30, 2017</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, respectively.</span></div></td></tr></table><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div>Includes net changes in amounts expected to be recovered from our insurance carriers, which are recorded in other assets (see below). 725482000 814756000 758812000 831058000 24106000 24361000 67001000 62970000 -5065000 -511000 -40133000 -22304000 18026000 13981000 59183000 47099000 726497000 824625000 726497000 824625000 37900000 19800000 151200000 213400000 20300000 21500000 Supplemental Guarantor information<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">All of our senior notes are guaranteed jointly and severally on a senior basis by certain of our wholly-owned Homebuilding subsidiaries and certain other wholly-owned subsidiaries (collectively, the “Guarantors”). Such guaranties are full and unconditional. Our subsidiaries comprising the Financial Services segment along with certain other subsidiaries (collectively, the "Non-Guarantor Subsidiaries") do not guarantee the senior notes. In accordance with Rule 3-10 of Regulation S-X, supplemental consolidating financial information of the Company, including such information for the Guarantors, is presented below. Investments in subsidiaries are presented using the equity method of accounting. </span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:8pt;"> </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATING BALANCE SHEET</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">SEPTEMBER 30, 2018</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:32%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup,<br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">ASSETS</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash and equivalents</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>674,271</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,360</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>728,631</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Restricted cash</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28,996</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,385</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>30,381</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total cash, cash equivalents, and <br/> restricted cash</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>703,267</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>55,745</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>759,012</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">House and land inventory</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,392,748</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>96,706</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,489,454</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land held for sale</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>65,905</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>65,905</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Residential mortgage loans available-<br/> for-sale</span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>349,784</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>349,784</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in unconsolidated entities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>53,732</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>546</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,278</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other assets</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>24,202</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>601,877</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>171,897</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>797,976</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intangible assets</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span></span><br/></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>130,642</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>130,642</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax assets, net</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>415,836</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,807</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>408,029</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in subsidiaries and<br/> intercompany accounts, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,354,045</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>314,402</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,185,180</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(15,853,627</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,794,083</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,262,573</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,852,051</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(15,853,627</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,055,080</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">LIABILITIES AND SHAREHOLDERS' EQUITY</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accounts payable, customer deposits,<br/> accrued and other liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>68,081</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,746,660</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>244,986</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,059,727</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,324</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,324</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services debt</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>250,733</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>250,733</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Notes payable</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,986,800</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>17,962</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>656</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,005,418</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,065,205</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,764,622</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>496,375</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,326,202</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total shareholders’ equity</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,728,878</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,497,951</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,355,676</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(15,853,627</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,728,878</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,794,083</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,262,573</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,852,051</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(15,853,627</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,055,080</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATING BALANCE SHEET</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">DECEMBER 31, 2017</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20" style="padding-left:0px;padding-right:0px;padding-top:4px;padding-bottom:4px;"><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="width:32%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup,<br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">ASSETS</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash and equivalents</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>125,462</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>147,221</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>272,683</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Restricted cash</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>32,339</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,146</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,485</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total cash, cash equivalents, and <br/> restricted cash</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>157,801</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>148,367</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306,168</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">House and land inventory</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,053,087</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>94,043</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,147,130</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land held for sale</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>68,384</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>68,384</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Residential mortgage loans available-<br/> for-sale</span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>570,600</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>570,600</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in unconsolidated entities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>62,415</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>542</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>62,957</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other assets</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,417</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>592,045</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>143,661</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>745,123</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intangible assets</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>140,992</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>140,992</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax assets, net</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>646,227</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(932</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>645,295</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in subsidiaries and<br/> intercompany accounts, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,661,638</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>284,983</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,300,127</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,246,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,317,282</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,359,707</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,256,408</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,246,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,686,649</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">LIABILITIES AND SHAREHOLDERS' EQUITY</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accounts payable, customer deposits,<br/> accrued and other liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>89,388</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,636,913</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>274,626</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,000,927</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>86,925</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>86,925</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services debt</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>437,804</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>437,804</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Notes payable</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,986,943</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16,911</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,113</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,006,967</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,163,256</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,653,824</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>715,543</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,532,623</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total shareholders’ equity</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,154,026</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,705,883</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,540,865</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,246,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,154,026</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,317,282</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,359,707</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,256,408</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,246,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,686,649</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">three months ended</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.02534113060429%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, <br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Homebuilding</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,535,930</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,306</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,572,236</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale and other revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25,266</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>244</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25,510</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,561,196</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,550</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,597,746</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51,620</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51,620</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,561,196</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>88,170</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,649,366</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homebuilding Cost of Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,928,365</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(25,795</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,954,160</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(22,060</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span></span><br/></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(22,060</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,950,425</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(25,795</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,976,220</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services expenses</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(130</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(32,083</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(32,213</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Selling, general, and administrative<br/> expenses</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(245,776</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,981</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(252,757</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other income (expense), net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(120</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(12,398</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,030</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,488</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany interest</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,158</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span></span><br/></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,158</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before income taxes and<br/> equity in income (loss) of<br/> subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,278</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>352,467</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34,499</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>384,688</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax (expense) benefit</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>609</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(88,368</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,394</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(95,153</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before equity in income<br/> (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,669</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>264,099</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>27,105</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,535</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity in income (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>291,204</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25,094</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>190,161</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(506,459</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income (loss)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,535</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,193</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>217,266</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(506,459</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,535</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other comprehensive income</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Comprehensive income (loss)</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,560</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,193</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>217,266</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(506,459</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,560</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:bold;text-decoration:none;">three months ended</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, 2017</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.02534113060429%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, <br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Homebuilding</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,032,391</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>23,500</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,055,891</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale and other revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>27,954</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>261</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28,215</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,060,345</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>23,761</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,084,106</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,952</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,952</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,060,345</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>70,713</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,131,058</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homebuilding Cost of Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,545,712</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(18,893</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,564,605</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(24,896</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(227</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(25,123</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,570,608</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19,120</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,589,728</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services expenses</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(121</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(29,183</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(29,304</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Selling, general, and administrative<br/> expenses</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(225,845</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(11,650</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(237,495</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other income (expense), net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(96</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(12,670</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,484</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,282</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany interest</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(756</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>756</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before income taxes and<br/> equity in income (loss) of<br/> subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(852</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>251,101</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>268,249</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax (expense) benefit</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>945</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(84,666</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,989</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(90,710</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income before equity in income<br/> of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>93</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>166,435</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,011</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>177,539</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity in income (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>177,446</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,040</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>114,564</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(310,050</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income (loss)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>177,539</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>184,475</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>125,575</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(310,050</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>177,539</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other comprehensive income</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Comprehensive income (loss)</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>177,559</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>184,475</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>125,575</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(310,050</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>177,559</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">nine months ended</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.02534113060429%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, <br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Homebuilding</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,852,430</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>81,458</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,933,888</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale and other revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>103,243</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,728</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>104,971</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,955,673</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>83,186</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,038,859</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>150,322</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>150,322</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,955,673</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>233,508</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,189,181</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homebuilding Cost of Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,214,408</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(61,824</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,276,232</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(70,774</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,017</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(71,791</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,285,182</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(62,841</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,348,023</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services expenses</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(405</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(96,245</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(96,650</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Selling, general, and administrative<br/> expenses</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(699,311</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(20,395</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(719,706</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other income (expense), net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(458</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(33,436</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>27,141</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,753</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany interest</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,710</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,710</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before income taxes and<br/> equity in income (loss) of<br/> subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,168</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>937,339</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>86,878</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,018,049</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax (expense) benefit</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,543</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(213,876</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(21,341</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(233,674</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before equity in income<br/> (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(4,625</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>723,463</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>65,537</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>784,375</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity in income (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>789,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>62,162</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>559,184</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,410,346</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income (loss)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>784,375</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>785,625</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>624,721</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,410,346</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>784,375</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other comprehensive income</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>75</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>75</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Comprehensive income (loss)</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>784,450</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>785,625</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>624,721</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,410,346</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>784,450</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">nine months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, 2017</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.02534113060429%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, <br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Homebuilding</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,554,349</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>52,604</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,606,953</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale and other revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>37,268</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,580</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>39,848</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,591,617</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>55,184</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,646,801</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>135,995</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>135,995</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,591,617</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>191,179</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,782,796</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homebuilding Cost of Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(4,288,754</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(43,467</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(4,332,221</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(113,899</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,051</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(115,950</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(4,402,653</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(45,518</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(4,448,171</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services expenses</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(384</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(85,766</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(86,150</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Selling, general, and administrative<br/> expenses</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(653,930</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(36,044</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(689,974</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other income (expense), net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(354</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(49,436</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,351</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(28,439</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany interest</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,634</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,634</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before income taxes and<br/> equity in income (loss) of<br/> subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,988</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>485,214</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,836</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>530,062</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax (expense) benefit</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,377</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(143,324</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(18,308</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(160,255</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before equity in income<br/> (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(611</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>341,890</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28,528</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>369,807</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity in income (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>370,418</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,307</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>197,494</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(604,219</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income (loss)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>369,807</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>378,197</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>226,022</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(604,219</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>369,807</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other comprehensive income</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>61</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>61</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Comprehensive income (loss)</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>369,868</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>378,197</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>226,022</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(604,219</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>369,868</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING STATEMENT OF CASH FLOWS</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">nine months ended</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.61013645224172%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:33%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)<br/> operating activities</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>347,335</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>389,110</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>278,535</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,014,980</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash flows from investing activities:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Capital expenditures</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(40,483</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,046</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(46,529</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in unconsolidated entities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,000</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,000</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other investing activities, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span></span><br/></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,299</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,246</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>15,545</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in) <br/> investing activities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(30,184</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,800</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(31,984</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash flows from financing activities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services borrowing (repayments), net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span></span><br/></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(187,071</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(187,071</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repayments of debt</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(81,757</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(898</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(82,655</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Borrowings under revolving credit facility</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,566,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,566,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repayments under revolving credit facility</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,566,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,566,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Debt issuance costs</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(8,165</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(8,165</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock option exercises</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,462</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,462</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Share repurchases</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(179,439</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(179,439</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Dividends paid</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(78,284</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(78,284</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany activities, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(86,909</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>268,297</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(181,388</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)<br/> financing activities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(347,335</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>186,540</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(369,357</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(530,152</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;padding-left:18px;text-indent:-18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net increase (decrease) in cash, cash equivalents, and restricted cash</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>545,466</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(92,622</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>452,844</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash <br/> at beginning of year</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>157,801</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>148,367</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306,168</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash <br/> at end of year</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>703,267</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>55,745</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>759,012</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING STATEMENT OF CASH FLOWS</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the </span><span style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">nine months ended</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span><span style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">September 30, 2017</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.61013645224172%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:33%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)<br/> operating activities</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>58,575</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>43,042</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>150,862</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>252,479</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash flows from investing activities:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Capital expenditures</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19,693</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,855</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(23,548</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in unconsolidated entities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(22,007</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(22,007</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other investing activities, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,728</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>60</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,788</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in) <br/> investing activities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(35,972</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,795</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(39,767</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash flows from financing activities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services borrowings (repayments), net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(85,797</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(85,797</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repayments of debt</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,031</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(970</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,001</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Borrowings under revolving credit facility</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>971,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>971,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repayments under revolving credit facility</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(888,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(888,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock option exercises</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,765</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,765</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Share repurchases</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(665,812</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(665,812</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Dividends paid</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(86,018</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(86,018</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany activities, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>587,490</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(470,052</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(117,438</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)<br/> financing activities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(58,575</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(476,083</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(204,205</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(738,863</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;padding-left:18px;text-indent:-18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net increase decrease in cash, cash equivalents, and restricted cash</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(469,013</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(57,138</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(526,151</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash <br/> at beginning of year</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>611,185</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>112,063</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>723,248</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash <br/> at end of year</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>142,172</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,925</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>197,097</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> <span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATING BALANCE SHEET</span><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">SEPTEMBER 30, 2018</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:32%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup,<br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">ASSETS</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash and equivalents</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>674,271</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,360</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>728,631</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Restricted cash</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28,996</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,385</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>30,381</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total cash, cash equivalents, and <br/> restricted cash</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>703,267</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>55,745</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>759,012</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">House and land inventory</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,392,748</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>96,706</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,489,454</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land held for sale</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>65,905</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>65,905</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Residential mortgage loans available-<br/> for-sale</span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>349,784</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>349,784</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in unconsolidated entities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>53,732</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>546</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,278</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other assets</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>24,202</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>601,877</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>171,897</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>797,976</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intangible assets</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span></span><br/></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>130,642</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>130,642</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax assets, net</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>415,836</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,807</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>408,029</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in subsidiaries and<br/> intercompany accounts, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,354,045</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>314,402</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,185,180</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(15,853,627</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,794,083</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,262,573</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,852,051</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(15,853,627</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,055,080</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">LIABILITIES AND SHAREHOLDERS' EQUITY</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accounts payable, customer deposits,<br/> accrued and other liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>68,081</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,746,660</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>244,986</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,059,727</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,324</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,324</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services debt</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>250,733</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>250,733</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Notes payable</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,986,800</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>17,962</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>656</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,005,418</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,065,205</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,764,622</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>496,375</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,326,202</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total shareholders’ equity</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,728,878</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,497,951</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,355,676</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(15,853,627</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,728,878</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,794,083</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,262,573</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,852,051</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(15,853,627</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,055,080</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATING BALANCE SHEET</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">DECEMBER 31, 2017</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20" style="padding-left:0px;padding-right:0px;padding-top:4px;padding-bottom:4px;"><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="width:32%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup,<br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">ASSETS</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash and equivalents</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>125,462</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>147,221</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>272,683</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Restricted cash</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>32,339</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,146</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,485</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total cash, cash equivalents, and <br/> restricted cash</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>157,801</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>148,367</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306,168</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">House and land inventory</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,053,087</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>94,043</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,147,130</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land held for sale</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>68,384</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>68,384</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Residential mortgage loans available-<br/> for-sale</span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>570,600</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>570,600</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in unconsolidated entities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>62,415</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>542</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>62,957</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other assets</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,417</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>592,045</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>143,661</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>745,123</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intangible assets</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>140,992</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>140,992</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax assets, net</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>646,227</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(932</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>645,295</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in subsidiaries and<br/> intercompany accounts, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,661,638</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>284,983</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,300,127</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,246,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,317,282</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,359,707</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,256,408</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,246,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,686,649</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">LIABILITIES AND SHAREHOLDERS' EQUITY</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accounts payable, customer deposits,<br/> accrued and other liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>89,388</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,636,913</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>274,626</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,000,927</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>86,925</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>86,925</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services debt</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>437,804</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>437,804</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Notes payable</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,986,943</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16,911</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,113</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,006,967</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,163,256</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,653,824</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>715,543</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,532,623</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total shareholders’ equity</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,154,026</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,705,883</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,540,865</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,246,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,154,026</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,317,282</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,359,707</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,256,408</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,246,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,686,649</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 0 674271000 54360000 0 728631000 0 28996000 1385000 0 30381000 0 703267000 55745000 0 759012000 0 7392748000 96706000 0 7489454000 0 65905000 0 0 65905000 0 0 349784000 0 349784000 0 53732000 546000 0 54278000 24202000 601877000 171897000 0 797976000 130642000 0 0 130642000 415836000 0 -7807000 0 408029000 7354045000 314402000 8185180000 -15853627000 0 7794083000 9262573000 8852051000 -15853627000 10055080000 68081000 1746660000 244986000 0 2059727000 10324000 0 0 0 10324000 0 0 250733000 0 250733000 2986800000 17962000 656000 0 3005418000 3065205000 1764622000 496375000 0 5326202000 4728878000 7497951000 8355676000 -15853627000 4728878000 7794083000 9262573000 8852051000 -15853627000 10055080000 0 125462000 147221000 0 272683000 0 32339000 1146000 0 33485000 0 157801000 148367000 0 306168000 0 7053087000 94043000 0 7147130000 0 68384000 0 0 68384000 0 0 570600000 0 570600000 0 62415000 542000 0 62957000 9417000 592045000 143661000 0 745123000 0 140992000 0 0 140992000 646227000 0 -932000 0 645295000 6661638000 284983000 7300127000 -14246748000 0 7317282000 8359707000 8256408000 -14246748000 9686649000 89388000 1636913000 274626000 0 2000927000 86925000 0 0 0 86925000 0 0 437804000 0 437804000 2986943000 16911000 3113000 0 3006967000 3163256000 1653824000 715543000 0 5532623000 4154026000 6705883000 7540865000 -14246748000 4154026000 7317282000 8359707000 8256408000 -14246748000 9686649000 CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME<div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">three months ended</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.02534113060429%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, <br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Homebuilding</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,535,930</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,306</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,572,236</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale and other revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25,266</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>244</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25,510</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,561,196</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,550</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,597,746</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51,620</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51,620</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,561,196</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>88,170</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,649,366</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homebuilding Cost of Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,928,365</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(25,795</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,954,160</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(22,060</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span></span><br/></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(22,060</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,950,425</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(25,795</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,976,220</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services expenses</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(130</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(32,083</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(32,213</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Selling, general, and administrative<br/> expenses</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(245,776</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,981</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(252,757</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other income (expense), net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(120</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(12,398</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,030</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,488</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany interest</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,158</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span></span><br/></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,158</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before income taxes and<br/> equity in income (loss) of<br/> subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,278</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>352,467</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34,499</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>384,688</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax (expense) benefit</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>609</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(88,368</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,394</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(95,153</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before equity in income<br/> (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,669</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>264,099</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>27,105</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,535</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity in income (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>291,204</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25,094</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>190,161</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(506,459</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income (loss)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,535</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,193</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>217,266</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(506,459</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,535</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other comprehensive income</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Comprehensive income (loss)</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,560</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,193</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>217,266</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(506,459</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,560</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:bold;text-decoration:none;">three months ended</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, 2017</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.02534113060429%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, <br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Homebuilding</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,032,391</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>23,500</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,055,891</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale and other revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>27,954</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>261</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28,215</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,060,345</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>23,761</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,084,106</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,952</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,952</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,060,345</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>70,713</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,131,058</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homebuilding Cost of Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,545,712</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(18,893</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,564,605</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(24,896</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(227</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(25,123</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,570,608</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19,120</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,589,728</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services expenses</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(121</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(29,183</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(29,304</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Selling, general, and administrative<br/> expenses</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(225,845</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(11,650</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(237,495</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other income (expense), net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(96</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(12,670</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,484</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,282</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany interest</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(756</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>756</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before income taxes and<br/> equity in income (loss) of<br/> subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(852</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>251,101</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>268,249</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax (expense) benefit</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>945</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(84,666</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,989</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(90,710</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income before equity in income<br/> of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>93</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>166,435</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,011</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>177,539</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity in income (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>177,446</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,040</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>114,564</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(310,050</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income (loss)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>177,539</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>184,475</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>125,575</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(310,050</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>177,539</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other comprehensive income</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Comprehensive income (loss)</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>177,559</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>184,475</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>125,575</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(310,050</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>177,559</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div> 0 2535930000 36306000 0 2572236000 0 25266000 244000 0 25510000 0 2561196000 36550000 0 2597746000 0 0 51620000 0 51620000 0 2561196000 88170000 0 2649366000 0 1928365000 25795000 0 1954160000 0 22060000 0 22060000 0 1950425000 25795000 0 1976220000 0 130000 32083000 0 32213000 0 245776000 6981000 0 252757000 -120000 -12398000 9030000 0 -3488000 -2158000 2158000 0 0 -2278000 352467000 34499000 0 384688000 -609000 88368000 7394000 0 95153000 -1669000 264099000 27105000 0 289535000 291204000 25094000 190161000 -506459000 0 289535000 289193000 217266000 -506459000 289535000 25000 0 0 0 25000 289560000 289193000 217266000 -506459000 289560000 0 2032391000 23500000 0 2055891000 0 27954000 261000 0 28215000 0 2060345000 23761000 0 2084106000 0 0 46952000 0 46952000 0 2060345000 70713000 0 2131058000 0 1545712000 18893000 0 1564605000 0 24896000 227000 0 25123000 0 1570608000 19120000 0 1589728000 0 121000 29183000 0 29304000 0 225845000 11650000 0 237495000 -96000 -12670000 6484000 0 -6282000 -756000 0 756000 0 0 -852000 251101000 18000000 0 268249000 -945000 84666000 6989000 0 90710000 93000 166435000 11011000 0 177539000 177446000 18040000 114564000 -310050000 0 177539000 184475000 125575000 -310050000 177539000 20000 0 0 0 20000 177559000 184475000 125575000 -310050000 177559000 0 6852430000 81458000 0 6933888000 0 103243000 1728000 0 104971000 0 6955673000 83186000 0 7038859000 0 0 150322000 0 150322000 0 6955673000 233508000 0 7189181000 0 5214408000 61824000 0 5276232000 0 70774000 1017000 0 71791000 0 5285182000 62841000 0 5348023000 0 -405000 -96245000 0 96650000 0 699311000 20395000 0 719706000 -458000 -33436000 27141000 0 -6753000 -5710000 0 5710000 0 0 -6168000 937339000 86878000 0 1018049000 -1543000 213876000 21341000 0 233674000 -4625000 723463000 65537000 0 784375000 789000000 62162000 559184000 -1410346000 0 784375000 785625000 624721000 -1410346000 784375000 75000 0 0 0 75000 784450000 785625000 624721000 -1410346000 784450000 0 5554349000 52604000 0 5606953000 0 37268000 2580000 0 39848000 0 5591617000 55184000 0 5646801000 0 0 135995000 0 135995000 0 5591617000 191179000 0 5782796000 0 4288754000 43467000 0 4332221000 0 113899000 2051000 0 115950000 0 4402653000 45518000 0 4448171000 0 -384000 -85766000 0 86150000 0 653930000 36044000 0 689974000 -354000 -49436000 21351000 0 -28439000 -1634000 0 1634000 0 0 -1988000 485214000 46836000 0 530062000 -1377000 143324000 18308000 0 160255000 -611000 341890000 28528000 0 369807000 370418000 36307000 197494000 -604219000 0 369807000 378197000 226022000 -604219000 369807000 61000 0 0 0 61000 369868000 378197000 226022000 -604219000 369868000 CONSOLIDATING STATEMENT OF CASH FLOWS<div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">nine months ended</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, 2018</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.61013645224172%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:33%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)<br/> operating activities</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>347,335</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>389,110</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>278,535</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,014,980</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash flows from investing activities:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Capital expenditures</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(40,483</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,046</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(46,529</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in unconsolidated entities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,000</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,000</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other investing activities, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span></span><br/></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,299</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,246</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>15,545</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in) <br/> investing activities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(30,184</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,800</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(31,984</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash flows from financing activities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services borrowing (repayments), net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span></span><br/></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(187,071</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(187,071</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repayments of debt</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(81,757</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(898</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(82,655</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Borrowings under revolving credit facility</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,566,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,566,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repayments under revolving credit facility</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,566,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,566,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Debt issuance costs</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(8,165</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(8,165</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock option exercises</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,462</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,462</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Share repurchases</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(179,439</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(179,439</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Dividends paid</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(78,284</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(78,284</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany activities, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(86,909</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>268,297</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(181,388</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)<br/> financing activities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(347,335</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>186,540</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(369,357</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(530,152</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;padding-left:18px;text-indent:-18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net increase (decrease) in cash, cash equivalents, and restricted cash</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>545,466</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(92,622</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>452,844</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash <br/> at beginning of year</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>157,801</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>148,367</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306,168</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash <br/> at end of year</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>703,267</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>55,745</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>759,012</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING STATEMENT OF CASH FLOWS</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the </span><span style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">nine months ended</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span><span style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">September 30, 2017</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.61013645224172%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:33%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)<br/> operating activities</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>58,575</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>43,042</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>150,862</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>252,479</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash flows from investing activities:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Capital expenditures</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19,693</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,855</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(23,548</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in unconsolidated entities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(22,007</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(22,007</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other investing activities, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,728</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>60</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,788</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in) <br/> investing activities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(35,972</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,795</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(39,767</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash flows from financing activities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services borrowings (repayments), net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(85,797</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(85,797</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repayments of debt</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,031</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(970</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,001</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Borrowings under revolving credit facility</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>971,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>971,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repayments under revolving credit facility</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(888,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(888,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock option exercises</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,765</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,765</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Share repurchases</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(665,812</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(665,812</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Dividends paid</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(86,018</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(86,018</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany activities, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>587,490</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(470,052</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(117,438</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)<br/> financing activities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(58,575</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(476,083</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(204,205</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(738,863</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;padding-left:18px;text-indent:-18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net increase decrease in cash, cash equivalents, and restricted cash</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(469,013</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(57,138</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(526,151</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash <br/> at beginning of year</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>611,185</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>112,063</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>723,248</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash <br/> at end of year</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>142,172</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,925</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>197,097</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 347335000 389110000 278535000 0 1014980000 0 40483000 6046000 0 46529000 0 1000000 0 0 1000000 -11299000 -4246000 0 -15545000 0 -30184000 -1800000 0 -31984000 0 -187071000 0 -187071000 0 81757000 898000 0 82655000 1566000000 0 0 0 1566000000 1566000000 0 0 0 1566000000 8165000 0 0 0 8165000 5462000 0 0 0 5462000 179439000 0 0 0 179439000 78284000 0 0 0 78284000 -86909000 268297000 -181388000 0 0 -347335000 186540000 -369357000 0 -530152000 0 545466000 -92622000 0 452844000 0 157801000 148367000 0 306168000 0 703267000 55745000 0 759012000 58575000 43042000 150862000 0 252479000 0 19693000 3855000 0 23548000 0 22007000 0 0 22007000 0 -5728000 -60000 0 -5788000 0 -35972000 -3795000 0 -39767000 0 0 -85797000 0 -85797000 0 6031000 970000 0 7001000 971000000 0 0 0 971000000 888000000 0 0 0 888000000 22765000 0 0 0 22765000 665812000 0 0 0 665812000 86018000 0 0 0 86018000 587490000 -470052000 -117438000 0 0 -58575000 -476083000 -204205000 0 -738863000 0 -469013000 -57138000 0 -526151000 0 611185000 112063000 0 723248000 0 142172000 54925000 0 197097000 XML 11 R1.htm IDEA: XBRL DOCUMENT v3.10.0.1
Document and Entity Information Document - shares
 9 Months Ended
Sep. 30, 2018
Oct. 18, 2018
Document And Entity Information [Abstract]    
Entity Registrant Name PULTEGROUP INC/MI/  
Entity Central Index Key 0000822416  
Current Fiscal Year End Date --12-31  
Entity Filer Category Large Accelerated Filer  
Document Type 10-Q  
Document Period End Date Sep. 30, 2018  
Document Fiscal Year Focus 2018  
Document Fiscal Period Focus Q3  
Amendment Flag false  
Entity Emerging Growth Company false  
Entity Small Business false  
Entity Common Stock, Shares Outstanding   280,861,332
XML 12 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and equivalents $ 728,631 $ 272,683
Restricted cash 30,381 33,485
Total cash, cash equivalents, and restricted cash 759,012 306,168
House and land inventory 7,489,454 7,147,130
Land held for sale 65,905 68,384
Residential mortgage loans available-for-sale 349,784 570,600
Investments in unconsolidated entities 54,278 62,957
Other assets 797,976 745,123
Intangible assets 130,642 140,992
Deferred tax assets, net 408,029 645,295
Total assets 10,055,080 9,686,649
Liabilities:    
Accounts payable 465,833 393,815
Customer deposits 342,376 250,779
Accrued and other liabilities 1,251,518 1,356,333
Income tax liabilities 10,324 86,925
Financial Services debt 250,733 437,804
Notes payable 3,005,418 3,006,967
Total liabilities 5,326,202 5,532,623
Shareholders' equity 4,728,878 4,154,026
Total liabilities and shareholders' equity $ 10,055,080 $ 9,686,649
XML 13 R3.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 2,649,366 $ 2,131,058 $ 7,189,181 $ 5,782,796
Homebuilding Cost of Revenues:        
Selling, general, and administrative expenses (252,757) (237,495) (719,706) (689,974)
Other income (expense), net (3,488) (6,282) (6,753) (28,439)
Income before income taxes 384,688 268,249 1,018,049 530,062
Income tax expense (95,153) (90,710) (233,674) (160,255)
Net income $ 289,535 $ 177,539 $ 784,375 $ 369,807
Per share:        
Basic earnings (usd per share) $ 1.01 $ 0.59 $ 2.72 $ 1.18
Diluted earnings (usd per share) 1.01 0.58 2.71 1.18
Cash dividends declared (usd per share) $ 0.09 $ 0.09 $ 0.27 $ 0.27
Number of shares used in calculation:        
Basic shares outstanding (shares) 283,489 298,538 285,127 309,453
Effect of dilutive securities (shares) 1,183 1,690 1,301 1,861
Diluted shares outstanding (shares) 284,672 300,228 286,428 311,314
Home sale        
Revenues:        
Revenues $ 2,572,236 $ 2,055,891 $ 6,933,888 $ 5,606,953
Homebuilding Cost of Revenues:        
Cost of revenues (1,954,160) (1,564,605) (5,276,232) (4,332,221)
Land sale and other        
Revenues:        
Revenues 25,510 28,215 104,971 39,848
Homebuilding Cost of Revenues:        
Cost of revenues (22,060) (25,123) (71,791) (115,950)
Total Homebuilding        
Revenues:        
Revenues 2,597,746 2,084,106 7,038,859 5,646,801
Homebuilding Cost of Revenues:        
Cost of revenues (1,976,220) (1,589,728) (5,348,023) (4,448,171)
Financial Services        
Revenues:        
Revenues 51,620 46,952 150,322 135,995
Homebuilding Cost of Revenues:        
Cost of revenues $ (32,213) $ (29,304) $ (96,650) $ (86,150)
XML 14 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]        
Net income $ 289,535 $ 177,539 $ 784,375 $ 369,807
Other comprehensive income, net of tax:        
Change in value of derivatives 25 20 75 61
Other comprehensive income 25 20 75 61
Comprehensive income (loss) $ 289,560 $ 177,559 $ 784,450 $ 369,868
XML 15 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements Of Shareholders' Equity - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Shareholders' Equity, shares beginning of period (shares) at Dec. 31, 2016   319,090      
Shareholders' Equity beginning of period at Dec. 31, 2016 $ 4,659,363 $ 3,191 $ 3,116,490 $ (526) $ 1,540,208
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Cumulative effect of accounting change (see Note 1) 18,237   (406)   18,643
Stock option exercises (shares)   1,954      
Stock option exercises 22,765 $ 20 22,745    
Stock issuances, net of cancellations (shares)   741      
Stock issuances, net of cancellations 3,565 $ 10 3,555    
Dividends declared (83,685)       (83,685)
Share repurchases (shares)   (27,849)      
Share repurchases (665,812) $ (281)     (665,531)
Share-based compensation 20,784   20,784    
Net income 369,807       369,807
Other comprehensive income 61     61  
Shareholders' Equity, shares end of period (shares) at Sep. 30, 2017   293,936      
Shareholders' Equity end of period at Sep. 30, 2017 4,345,085 $ 2,940 3,163,168 (465) 1,179,442
Shareholders' Equity, shares beginning of period (shares) at Dec. 31, 2017   286,752      
Shareholders' Equity beginning of period at Dec. 31, 2017 4,154,026 $ 2,868 3,171,542 (445) 980,061
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Cumulative effect of accounting change (see Note 1) 22,411   0    
Stock option exercises (shares)   514      
Stock option exercises 5,462 $ 5 5,457    
Stock issuances, net of cancellations (shares)   874      
Stock issuances, net of cancellations 3,483 $ 9 3,474    
Dividends declared (77,673)       (77,673)
Share repurchases (shares)   (6,073)      
Share repurchases (179,439) $ (61) (284)   (179,094)
Share-based compensation 16,158   16,158    
Net income 784,375       784,375
Other comprehensive income 75     75  
Shareholders' Equity, shares end of period (shares) at Sep. 30, 2018   282,067      
Shareholders' Equity end of period at Sep. 30, 2018 $ 4,728,878 $ 2,821 $ 3,196,347 $ (370) $ 1,530,080
XML 16 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 784,375 $ 369,807
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 230,335 127,856
Land-related charges 13,973 131,254
Depreciation and amortization 36,717 38,689
Share-based compensation expense 21,521 26,505
Other, net (3,466) (1,438)
Increase (decrease) in cash due to:    
Inventories (263,734) (758,006)
Residential mortgage loans available-for-sale 218,900 173,148
Other assets (22,117) 22,120
Accounts payable, accrued and other liabilities (1,524) 122,544
Net cash provided by (used in) operating activities 1,014,980 252,479
Cash flows from investing activities:    
Capital expenditures (46,529) (23,548)
Investments in unconsolidated entities (1,000) (22,007)
Other investing activities, net 15,545 5,788
Net cash provided by (used in) investing activities (31,984) (39,767)
Cash flows from financing activities:    
Repayments of debt (82,655) (7,001)
Borrowings under revolving credit facility 1,566,000 971,000
Repayments under revolving credit facility (1,566,000) (888,000)
Financial Services borrowings (repayments) (187,071) (85,797)
Debt issuance costs 8,165 0
Stock option exercises 5,462 22,765
Share repurchases (179,439) (665,812)
Dividends paid (78,284) (86,018)
Net cash provided by (used in) financing activities (530,152) (738,863)
Net increase (decrease) in cash, cash equivalents, and restricted cash 452,844 (526,151)
Cash, cash equivalents, and restricted cash at beginning of period 306,168 723,248
Cash, cash equivalents, and restricted cash at end of period 759,012 197,097
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 16,747 11,516
Income taxes paid, net $ 88,544 $ 17,206
XML 17 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Basis of Presentation
 9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Basis of presentation Basis of presentation

PulteGroup, Inc. is one of the largest homebuilders in the United States ("U.S."), and our common shares trade on the New York Stock Exchange under the ticker symbol “PHM”. Unless the context otherwise requires, the terms "PulteGroup", the "Company", "we", "us", and "our" used herein refer to PulteGroup, Inc. and its subsidiaries. While our subsidiaries engage primarily in the homebuilding business, we also engage in mortgage banking operations, conducted through Pulte Mortgage LLC (“Pulte Mortgage”), title services, and insurance brokerage operations.

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal, recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the interim periods presented are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with our consolidated financial statements and footnotes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2017.

Use of estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Reclassifications

Certain prior period amounts have been reclassified to conform to the current year presentation.

Subsequent events

We evaluated subsequent events up until the time the financial statements were filed with the Securities and Exchange Commission (the "SEC").

Other expense, net

Other expense, net consists of the following ($000’s omitted): 
 
Three Months Ended
 
Nine Months Ended
September 30,
 
September 30,
2018
 
2017
 
2018
 
2017
Write-offs of deposits and pre-acquisition costs
$
(3,136
)
 
$
(2,680
)
 
$
(7,398
)
 
$
(9,397
)
Amortization of intangible assets
(3,450
)
 
(3,450
)
 
(10,350
)
 
(10,350
)
Interest income
1,842

 
485

 
3,240

 
1,917

Interest expense
(152
)
 
(101
)
 
(460
)
 
(371
)
Equity in earnings (loss) of unconsolidated entities (a)
886

 
415

 
2,112

 
(4,154
)
Miscellaneous, net
522

 
(951
)
 
6,103

 
(6,084
)
Total other expense, net
$
(3,488
)
 
$
(6,282
)
 
$
(6,753
)
 
$
(28,439
)


(a)
Includes an $8.0 million impairment of an investment in an unconsolidated entity in the nine months ended September 30, 2017 (see Note 2).

Revenue recognition

Home sale revenues - Home sale revenues and related profit are generally recognized when title to and possession of the home are transferred to the buyer at the home closing date. Our performance obligation to deliver the agreed-upon home is generally satisfied in less than one year from the original contract date. Home sale contract assets consist of cash from home closings held in escrow for our benefit, typically for less than five days, which are considered deposits in-transit and classified as cash. Contract liabilities include customer deposit liabilities related to sold but undelivered homes, which totaled $342.4 million and $250.8 million at September 30, 2018 and December 31, 2017, respectively. Substantially all of our home sales are scheduled to close and be recorded to revenue within one year from the date of receiving a customer deposit. See Note 8 for information on warranties and related obligations.

Land sale revenues - We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land sales are generally outright sales of specified land parcels with cash consideration due on the closing date, which is generally when performance obligations are satisfied. During the nine months ended September 30, 2018, we closed on a number of land sale transactions that generated gains totaling $28.9 million, as the proceeds from the sales exceeded the cost basis of the land. Substantially all performance obligations related to these transactions were satisfied at closing.

Financial services revenues - Loan origination fees, commitment fees, and certain direct loan origination costs are recognized as incurred. Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment. Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. Interest income is accrued from the date a mortgage loan is originated until the loan is sold. Mortgage servicing fees represent fees earned for servicing loans for various investors. Servicing fees are based on a contractual percentage of the outstanding principal balance and are credited to income when related mortgage payments are received or the sub-servicing fees are earned.

Revenues associated with our title operations are recognized as closing services are rendered and title insurance policies are issued, both of which generally occur as each home is closed. Insurance brokerage commissions relate to commissions on homeowner and other insurance policies placed with third party carriers through various agency channels. Our performance obligations for policy renewal commissions are satisfied upon issuance of the initial policy, and related contract assets for estimated future renewal commissions are included in other assets and totaled $30.4 million at September 30, 2018. Contract assets totaling $27.7 million were recognized on January 1, 2018, in conjunction with the adoption of Accounting Standards Codification ("ASC") 606, "Revenue from Contracts with Customers" ("ASC 606"). Refer to "New accounting pronouncements" within Note 1 for further discussion.

Earnings per share

Basic earnings per share is computed by dividing income available to common shareholders (the “Numerator”) by the weighted-average number of common shares outstanding, adjusted for unvested shares (the “Denominator”) for the period. Computing diluted earnings per share is similar to computing basic earnings per share, except that the Denominator is increased to include the dilutive effects of stock options, unvested restricted shares, unvested restricted share units, and other potentially dilutive instruments. Any stock options that have an exercise price greater than the average market price are considered to be anti-dilutive and are excluded from the diluted earnings per share calculation.

In accordance with ASC 260 "Earnings Per Share", the two-class method determines earnings per share for each class of common stock and participating securities according to an earnings allocation formula that adjusts the Numerator for dividends or dividend equivalents and participation rights in undistributed earnings. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and, therefore, are included in computing earnings per share pursuant to the two-class method. Our outstanding restricted share awards, restricted share units, and deferred shares are considered participating securities. The following table presents the earnings per common share (000's omitted, except per share data):
 
Three Months Ended
 
Nine Months Ended
September 30,
 
September 30,
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
Net income
$
289,535

 
$
177,539

 
$
784,375

 
$
369,807

Less: earnings distributed to participating securities
(279
)
 
(294
)
 
(874
)
 
(899
)
Less: undistributed earnings allocated to participating securities
(2,871
)
 
(1,645
)
 
(7,752
)
 
(2,837
)
Numerator for basic earnings per share
$
286,385

 
$
175,600

 
$
775,749

 
$
366,071

Add back: undistributed earnings allocated to participating securities
2,871

 
1,645

 
7,752

 
2,837

Less: undistributed earnings reallocated to participating securities
(2,859
)
 
(1,636
)
 
(7,724
)
 
(2,820
)
Numerator for diluted earnings per share
$
286,397

 
$
175,609

 
$
775,777

 
$
366,088

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Basic shares outstanding
283,489

 
298,538

 
285,127

 
309,453

Effect of dilutive securities
1,183

 
1,690

 
1,301

 
1,861

Diluted shares outstanding
284,672

 
300,228

 
286,428

 
311,314

 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
Basic
$
1.01

 
$
0.59

 
$
2.72

 
$
1.18

Diluted
$
1.01

 
$
0.58

 
$
2.71

 
$
1.18



Residential mortgage loans available-for-sale

Substantially all of the loans originated by us are sold in the secondary mortgage market within a short period of time after origination, generally within 30 days. At September 30, 2018 and December 31, 2017, residential mortgage loans available-for-sale had an aggregate fair value of $349.8 million and $570.6 million, respectively, and an aggregate outstanding principal balance of $341.8 million and $553.5 million, respectively. The net gain (loss) resulting from changes in fair value of these loans totaled $(0.7) million and $0.7 million for the three months ended September 30, 2018 and 2017, respectively, and $(1.0) million and $(3.4) million for the nine months ended September 30, 2018 and 2017, respectively. These changes in fair value were substantially offset by changes in the fair value of corresponding hedging instruments. Net gains from the sale of mortgages were $27.8 million and $27.1 million for the three months ended September 30, 2018 and 2017, respectively, and $83.9 million and $80.1 million for the nine months ended September 30, 2018 and 2017, respectively, and have been included in Financial Services revenues.

Derivative instruments and hedging activities

We are party to interest rate lock commitments ("IRLCs") with customers resulting from our mortgage origination operations. At September 30, 2018 and December 31, 2017, we had aggregate IRLCs of $434.9 million and $210.9 million, respectively, which were originated at interest rates prevailing at the date of commitment. Since we can terminate a loan commitment if the borrower does not comply with the terms of the contract, and some loan commitments may expire without being drawn upon, these commitments do not necessarily represent future cash requirements. We evaluate the creditworthiness of these transactions through our normal credit policies.

We hedge our exposure to interest rate market risk relating to residential mortgage loans available-for-sale and IRLCs using forward contracts on mortgage-backed securities, which are commitments to either purchase or sell a specified financial instrument at a specified future date for a specified price, and whole loan investor commitments, which are obligations of an investor to buy loans at a specified price within a specified time period. Forward contracts on mortgage-backed securities are the predominant derivative financial instruments we use to minimize market risk during the period from the time we extend an interest rate lock to a loan applicant until the time the loan is sold to an investor. At September 30, 2018 and December 31, 2017, we had unexpired forward contracts of $579.0 million and $522.0 million, respectively, and whole loan investor
commitments of $171.4 million and $203.1 million, respectively. Changes in the fair value of IRLCs and other derivative financial instruments are recognized in Financial Services revenues, and the fair values are reflected in other assets or other liabilities, as applicable.

There are no credit-risk-related contingent features within our derivative agreements, and counterparty risk is considered minimal. Gains and losses on IRLCs and residential mortgage loans available-for-sale are substantially offset by corresponding gains or losses on forward contracts on mortgage-backed securities and whole loan investor commitments. We are generally not exposed to variability in cash flows of derivative instruments for more than approximately 60 days. The fair values of derivative instruments and their locations in the Condensed Consolidated Balance Sheets are summarized below ($000’s omitted):
 
 
September 30, 2018
 
December 31, 2017
 
Other Assets
 
Accrued and Other Liabilities
 
Other Assets
 
Accrued and Other Liabilities
Interest rate lock commitments
$
10,536

 
$
1,275

 
$
5,990

 
$
407

Forward contracts
2,865

 
239

 
432

 
817

Whole loan commitments
943

 
326

 
794

 
941

 
$
14,344

 
$
1,840

 
$
7,216

 
$
2,165



New accounting pronouncements

On January 1, 2018, we adopted ASC 606, which is a comprehensive new revenue recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services and satisfaction of performance obligations to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. We applied the modified retrospective method to contracts that were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported under the previous accounting standards. We recorded a net increase to opening retained earnings of $22.4 million, net of tax, as of January 1, 2018, due to the cumulative impact of adopting ASC 606, with the impact primarily related to the recognition of contract assets for insurance brokerage commission renewals. There was not a material impact to revenues as a result of applying ASC 606 for the nine months ended September 30, 2018, and there have not been significant changes to our business processes, systems, or internal controls as a result of implementing the standard.

We adopted Accounting Standards Update ("ASU") No. 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments" ("ASU 2016-15"), as of January 1, 2018, on a retrospective basis. ASU 2016-15 addresses several specific cash flow issues. The adoption of ASU 2016-15 had no effect on our financial statements.

ASC 842, "Leases", becomes effective for us for annual and interim periods beginning January 1, 2019. The standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application. While the recognition of right-of-use assets and related liabilities will have a material effect on our consolidated balance sheets, we do not expect a material impact on our consolidated statements of operations or cash flows. We continue to evaluate the full impact of the new standard, including the impact on our business processes, systems, and internal controls.

In June 2016, the Financial Accounting Standards Board ("FASB") issued ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments", which changes the impairment model for most financial assets and certain other instruments from an "incurred loss" approach to a new "expected credit loss" methodology. The standard is effective for us for annual and interim periods beginning January 1, 2020, with early adoption permitted, and requires full retrospective application on adoption. We are currently evaluating the impact the standard will have on our financial statements.

In January 2017, the FASB issued ASU No. 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment", which removes the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. Under the new standard, goodwill impairment will now be determined by evaluating the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The standard is effective for us for annual and interim periods beginning January 1, 2020, with early adoption permitted, and applied prospectively. We do not expect the standard to have a material impact on our financial statements.
XML 18 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Inventory
 9 Months Ended
Sep. 30, 2018
Inventory Disclosure [Abstract]  
Inventory Inventory

Major components of inventory were as follows ($000’s omitted): 
 
September 30,
2018
 
December 31,
2017
Homes under construction
$
2,992,687

 
$
2,421,405

Land under development
4,002,007

 
4,135,814

Raw land
494,760

 
589,911

 
$
7,489,454

 
$
7,147,130



We capitalize interest cost into inventory during the active development and construction of our communities. In all periods presented, we capitalized all Homebuilding interest costs into inventory because the level of our active inventory exceeded our debt levels. Information related to interest capitalized into inventory is as follows ($000’s omitted):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Interest in inventory, beginning of period
$
243,627

 
$
212,850

 
$
226,611

 
$
186,097

Interest capitalized
42,743

 
46,077

 
130,474

 
135,949

Interest expensed
(43,583
)
 
(36,381
)
 
(114,298
)
 
(99,500
)
Interest in inventory, end of period
$
242,787

 
$
222,546

 
$
242,787

 
$
222,546



Land option agreements

We enter into land option agreements in order to procure land for the construction of homes in the future. Pursuant to these land option agreements, we generally provide a deposit to the seller as consideration for the right to purchase land at different times in the future, usually at predetermined prices. Such contracts enable us to defer acquiring portions of properties owned by third parties or unconsolidated entities until we have determined whether and when to exercise our option, which reduces our financial risks associated with long-term land holdings. Option deposits and pre-acquisition costs (such as environmental testing, surveys, engineering, and entitlement costs) are capitalized if the costs are directly identifiable with the land under option, the costs would be capitalized if we owned the land, and acquisition of the property is probable. Such costs are reflected in other assets and are reclassified to inventory upon taking title to the land. We write off deposits and pre-acquisition costs when it becomes probable that we will not go forward with the project or recover the capitalized costs. Such decisions take into consideration changes in local market conditions, the timing of required land purchases, the availability and best use of necessary incremental capital, and other factors. We record any such write-offs of deposits and pre-acquisition costs within other expense, net.

If an entity holding the land under option is a variable interest entity ("VIE"), our deposit represents a variable interest in that entity. No VIEs required consolidation at either September 30, 2018 or December 31, 2017 because we determined that we were not the VIEs' primary beneficiary. Our maximum exposure to loss related to these VIEs is generally limited to our deposits and pre-acquisition costs under the land option agreements.

The following provides a summary of our interests in land option agreements as of September 30, 2018 and December 31, 2017 ($000’s omitted):
 
 
September 30, 2018
 
December 31, 2017
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
Land options with VIEs
$
85,173

 
$
1,167,087

 
$
78,889

 
$
977,480

Other land options
159,395

 
1,571,768

 
129,098

 
1,485,099

 
$
244,568

 
$
2,738,855

 
$
207,987

 
$
2,462,579



Land-related charges
We incurred the following land-related charges in the second quarter of 2017 ($000's omitted):
 
Statement of Operations Classification
 
 
 
 
 
Net realizable value adjustments ("NRV") - land held for sale
Land sale cost of revenues
 
$
81,006

Land inventory impairments
Home sale cost of revenues
 
31,487

Impairments of unconsolidated entities
Other expense, net
 
8,017

Write-offs of deposits and pre-acquisition costs
Other expense, net
 
5,063

Total land-related charges
 
 
$
125,573



We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. The NRV adjustments outlined above resulted primarily from a plan we announced in May 2017 to sell select non-core and underutilized land parcels following a strategic review of our land portfolio, pursuant to which it was determined that we would sell certain inactive land parcels, representing approximately 17 communities and 4,600 lots. These land parcels were located in diverse geographic areas and no longer fit into our strategic plans. The land parcels identified for sale included: land requiring significant additional development spend that would not yield suitable returns; land in excess of near-term need; and land entitled for certain product types inconsistent with our primary offerings. As a consequence of the change in strategy with respect to the future use of these land parcels, we recorded NRV adjustments totaling $81.0 million relating to inventory with a pre-NRV carrying value of $151.0 million. The estimated fair values of these inactive land parcels held for sale were generally based on comparisons to market comparable transactions, letters of intent, active negotiations with market participants, or similar market-based information supplemented in certain instances by estimated future net cash flows discounted for inherent risk associated with each underlying asset.

Land inventory impairments relate to communities that are either active or that we intend to eventually open and build out. As part of the May 2017 strategic review, we decided to accelerate the monetization of two small communities primarily through a combination of changing the product offerings and lowering the sales prices within the communities. This decision resulted in land impairments of $31.5 million in the second quarter of 2017.

We determine the fair value of a community's inventory, and any related impairments, using a combination of discounted cash flow models and market comparable transactions, where available. These estimated cash flows are significantly impacted by estimates related to expected average selling prices, expected sales paces, expected land development and construction timelines, and anticipated land development, construction, and overhead costs. The assumptions used in the discounted cash flow models are specific to each community, which may be located in a variety of geographic markets, and offer homes at sales prices reflective of the product offering and market. Accordingly, determining the fair value of a community's inventory involves a number of variables, many of which are interrelated.

The table below summarizes certain quantitative unobservable inputs utilized in determining the fair value of the assets for which the impairments were recorded in the second quarter of 2017:
 
Range
Average selling price ($000s)
 
$253
to
$461
Sales pace per quarter (units)
 
5
to
9
Discount rate
 
18%
to
25%


Our evaluations for impairments are based on our best estimates of the future cash flows to be generated from our communities. Due to uncertainties in the estimation process, the significant volatility in demand for new housing, the long life cycles of many communities, and potential changes in our strategy related to certain communities, actual results could differ significantly from such estimates.
XML 19 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information
 9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Segment information Segment information

Our Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the U.S. and the construction of housing on such land. For reporting purposes, our Homebuilding operations are aggregated into six reportable segments:
Northeast:
 
Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia
Southeast:
 
Georgia, North Carolina, South Carolina, Tennessee
Florida:
 
Florida
Midwest:
 
Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio
Texas:
 
Texas
West:
 
Arizona, California, Nevada, New Mexico, Washington


We also have a reportable segment for our Financial Services operations, which consist principally of mortgage banking and title operations and operate generally in the same markets as the Homebuilding segments.

 
Operating Data by Segment
($000’s omitted)
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Revenues:
 
 
 
 
 
 
 
Northeast
$
185,614

 
$
168,371

 
$
518,676

 
$
425,275

Southeast
451,600

 
393,905

 
1,271,730

 
1,104,149

Florida
506,670

 
338,078

 
1,311,016

 
1,015,795

Midwest
412,803

 
406,126

 
1,066,775

 
1,008,617

Texas
347,986

 
269,997

 
925,317

 
793,207

West
693,073

 
507,629

 
1,945,345

 
1,299,758

 
2,597,746

 
2,084,106

 
7,038,859

 
5,646,801

Financial Services
51,620

 
46,952

 
150,322

 
135,995

Consolidated revenues
$
2,649,366

 
$
2,131,058

 
$
7,189,181

 
$
5,782,796

 
 
 
 
 
 
 
 
Income (loss) before income taxes (a):
 
 
 
 
 
 
 
Northeast
$
18,938

 
$
21,046

 
$
53,408

 
$
(12,803
)
Southeast
51,920

 
45,109

 
146,735

 
117,749

Florida (b)
73,802

 
52,191

 
186,238

 
132,824

Midwest
52,438

 
59,636

 
123,889

 
115,463

Texas
55,382

 
42,727

 
136,777

 
122,045

West (c)
138,698

 
75,753

 
382,317

 
107,987

Other homebuilding (d)
(26,123
)
 
(45,999
)
 
(65,497
)
 
(103,441
)
 
365,055

 
250,463

 
963,867

 
479,824

Financial Services
19,633

 
17,786

 
54,182

 
50,238

Consolidated income before income taxes
$
384,688

 
$
268,249

 
$
1,018,049

 
$
530,062



(a)
Includes land-related charges, as summarized in the table below.
(b)
Florida includes a warranty charge of $12.3 million for the nine months ended September 30, 2017 related to a closed-out community (see Note 8).
(c)
West includes gains of $26.4 million related to two land sale transactions in California in the nine months ended September 30, 2018.
(d)
Other homebuilding includes the amortization of intangible assets and capitalized interest and other items not allocated to the operating segments. Other homebuilding also includes insurance reserve reversals of $37.9 million and $19.8 million for the nine months ended September 30, 2018 and 2017, respectively, and write-offs of $5.3 million and $20.3 million of insurance receivables associated with the resolution of certain insurance matters in the three and nine months ended September 30, 2017, respectively (see Note 8).
 
Operating Data by Segment
($000’s omitted)
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Land-related charges*:
 
 
 
 
 
 
 
Northeast
$
1,385

 
$
1,184

 
$
3,068

 
$
51,102

Southeast
663

 
889

 
2,394

 
1,847

Florida
262

 
109

 
671

 
8,862

Midwest
4,960

 
(393
)
 
6,078

 
7,703

Texas
47

 
51

 
317

 
898

West
425

 
306

 
786

 
56,747

Other homebuilding
391

 
—

 
659

 
4,095

 
$
8,133

 
$
2,146

 
$
13,973

 
$
131,254


*
Land-related charges include land impairments, net realizable value adjustments on land held for sale, impairments of investments in unconsolidated entities, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue (see Note 2). Other homebuilding consists primarily of write-offs of capitalized interest related to such land-related charges.

 
Operating Data by Segment
 
($000's omitted)
 
September 30, 2018
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
339,103

 
$
256,014

 
$
84,066

 
$
679,183

 
$
809,194

Southeast
497,241

 
645,915

 
79,846

 
1,223,002

 
1,388,798

Florida
528,092

 
885,220

 
73,209

 
1,486,521

 
1,632,772

Midwest
366,559

 
426,349

 
27,375

 
820,283

 
904,671

Texas
333,250

 
424,500

 
88,376

 
846,126

 
917,529

West
871,553

 
1,093,490

 
121,685

 
2,086,728

 
2,280,912

Other homebuilding (a)
56,889

 
270,519

 
20,203

 
347,611

 
1,658,881

 
2,992,687

 
4,002,007

 
494,760

 
7,489,454

 
9,592,757

Financial Services
—

 
—

 
—

 
—

 
462,323

 
$
2,992,687

 
$
4,002,007

 
$
494,760

 
$
7,489,454

 
$
10,055,080

 
 
 
 
 
 
 
 
 
 
 
Operating Data by Segment
 
($000's omitted)
 
December 31, 2017
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
234,413

 
$
327,599

 
$
73,574

 
$
635,586

 
$
791,511

Southeast
433,411

 
613,626

 
121,238

 
1,168,275

 
1,287,992

Florida
359,651

 
876,856

 
109,069

 
1,345,576

 
1,481,837

Midwest
299,896

 
476,694

 
28,482

 
805,072

 
877,282

Texas
251,613

 
435,018

 
87,392

 
774,023

 
859,847

West
798,706

 
1,137,940

 
147,493

 
2,084,139

 
2,271,328

Other homebuilding (a)
43,715

 
268,081

 
22,663

 
334,459

 
1,469,234

 
2,421,405

 
4,135,814

 
589,911

 
7,147,130

 
9,039,031

Financial Services
—

 
—

 
—

 
—

 
647,618

 
$
2,421,405

 
$
4,135,814

 
$
589,911

 
$
7,147,130

 
$
9,686,649


 
(a)
Other homebuilding primarily includes cash and equivalents, capitalized interest, intangibles, deferred tax assets, and other corporate items that are not allocated to the operating segments.
XML 20 R10.htm IDEA: XBRL DOCUMENT v3.10.0.1
Debt
 9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Debt Debt

Notes payable

Our senior notes are summarized as follows ($000’s omitted):
 
September 30,
2018
 
December 31,
2017
4.250% unsecured senior notes due March 2021 (a)
$
700,000

 
$
700,000

5.500% unsecured senior notes due March 2026 (a)
700,000

 
700,000

5.000% unsecured senior notes due January 2027 (a)
600,000

 
600,000

7.875% unsecured senior notes due June 2032 (a)
300,000

 
300,000

6.375% unsecured senior notes due May 2033 (a)
400,000

 
400,000

6.000% unsecured senior notes due February 2035 (a)
300,000

 
300,000

Net premiums, discounts, and issuance costs (b)
(13,200
)
 
(13,057
)
Total senior notes
2,986,800

 
2,986,943

Other notes payable
18,618

 
20,024

Notes payable
$
3,005,418

 
$
3,006,967

Estimated fair value
$
2,959,080

 
$
3,263,774



(a)
Redeemable prior to maturity; guaranteed on a senior basis by certain wholly-owned subsidiaries.
(b)
The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes.

Other notes payable include non-recourse and limited recourse collateralized notes with third parties that totaled $18.6 million and $20.0 million at September 30, 2018 and December 31, 2017, respectively. These notes have maturities ranging up to three years, are secured by the applicable land positions to which they relate, and have no recourse to any other assets. The stated interest rates on these notes range up to 8.01%.

Revolving credit facility

In June 2018, we entered into the Second Amended and Restated Credit Agreement ("Revolving Credit Facility") which replaced the Company's previous credit agreement. The Revolving Credit Facility contains substantially similar terms to the previous credit agreement and extended the maturity date from June 2019 to June 2023. The Revolving Credit Facility has a maximum borrowing capacity of $1.0 billion and contains an uncommitted accordion feature that could increase the capacity to $1.5 billion, subject to certain conditions and availability of additional bank commitments. The Revolving Credit Facility also provides for the issuance of letters of credit that reduce the available borrowing capacity under the Revolving Credit Facility, with a sublimit of $500.0 million at September 30, 2018. The interest rate on borrowings under the Revolving Credit Facility may be based on either the London Interbank Offered Rate ("LIBOR") or a base rate plus an applicable margin, as defined therein. We had no borrowings outstanding at September 30, 2018 and December 31, 2017, and $219.6 million and $235.5 million of letters of credit issued under the Revolving Credit Facility at September 30, 2018 and December 31, 2017, respectively.

The Revolving Credit Facility contains financial covenants that require us to maintain a minimum Tangible Net Worth, a minimum Interest Coverage Ratio, and a maximum Debt-to-Capitalization Ratio (as each term is defined in the Revolving Credit Facility). As of September 30, 2018, we were in compliance with all covenants. Our available and unused borrowings
under the Revolving Credit Facility, net of outstanding letters of credit, amounted to $780.4 million and $764.5 million at September 30, 2018 and December 31, 2017, respectively.

Joint venture debt

At September 30, 2018, aggregate outstanding debt of unconsolidated joint ventures was $49.5 million, of which $49.4 million was related to one joint venture in which we have a 50% interest. In connection with this loan, we and our joint venture partner provided customary limited recourse guaranties under which our maximum financial loss exposure is limited to our pro rata share of the debt outstanding. The limited guaranties include, but are not limited to: (i) completion of certain aspects of the project, (ii) an environmental indemnity provided to the lender, and (iii) an indemnification of the lender from certain "bad boy acts" of the joint venture.

Financial Services debt

Pulte Mortgage maintains a master repurchase agreement with third party lenders. In August 2018, Pulte Mortgage entered into an amended and restated repurchase agreement (the “Repurchase Agreement”) that extended the effective date to August 2019. The maximum aggregate commitment is $400.0 million at September 30, 2018, which increases to $520.0 million during the seasonally high borrowing period from December 26, 2018 through January 14, 2019. At all other times, the maximum aggregate commitment ranges from $240.0 million to $400.0 million. The purpose of changes in capacity during the term of the agreement is to lower associated fees during seasonally lower volume periods of mortgage origination activity. Borrowings under the Repurchase Agreement are secured by residential mortgage loans available-for-sale. The Repurchase Agreement contains various affirmative and negative covenants applicable to Pulte Mortgage, including quantitative thresholds related to net worth, net income, and liquidity. Pulte Mortgage had $250.7 million and $437.8 million outstanding under the Repurchase Agreement at September 30, 2018 and December 31, 2017, respectively, and was in compliance with all of its covenants and requirements as of such dates.
XML 21 R11.htm IDEA: XBRL DOCUMENT v3.10.0.1
Shareholders' Equity
 9 Months Ended
Sep. 30, 2018
Stockholders' Equity Note [Abstract]  
Shareholders’ equity Shareholders’ equity

During the nine months ended September 30, 2018, we declared cash dividends totaling $77.7 million and repurchased 5.8 million shares under our repurchase authorization for $172.1 million. For the nine months ended September 30, 2017, we declared cash dividends totaling $83.7 million and repurchased 27.8 million shares under our repurchase authorization for $659.8 million. At September 30, 2018, we had remaining authorization to repurchase $422.4 million of common shares.

Under our share-based compensation plans, we accept shares as payment under certain conditions related to stock option exercises and vesting of shares, generally related to the payment of minimum tax obligations. During the nine months ended September 30, 2018 and 2017, participants surrendered shares valued at $7.4 million and $6.0 million, respectively, under these plans. Such share transactions are excluded from the above noted share repurchase authorization.
XML 22 R12.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Taxes
 9 Months Ended
Sep. 30, 2018
Income Tax Disclosure [Abstract]  
Income taxes Income taxes

Our effective tax rate for the three and nine months ended September 30, 2018 was 24.7% and 23.0%, respectively, compared to 33.8% and 30.2%, respectively, for the same periods in 2017. For the three months ended September 30, 2018, our effective tax rate differs from the federal statutory rate primarily due to state income tax expense on current year earnings. For the nine months ended September 30, 2018, our effective tax rate differs from the federal statutory rate primarily due to state income tax expense on current year earnings, tax benefits due to Internal Revenue Service acceptance of an accounting method change applicable to the 2017 tax year, energy credits, and tax law changes. For the same periods in the prior year, our effective tax rate differed from the federal statutory rate primarily due to state income tax expense on current year earnings, the favorable resolution of certain state income tax matters, the domestic production activities deduction, and tax law changes. Our effective tax rates for the three and nine months ended September 30, 2018 are lower than the prior year periods primarily due to the federal statutory rate reduction from 35% in 2017 to 21% in 2018 due to the Tax Cuts and Jobs Act (the “Tax Act”), which was enacted on December 22, 2017.

We have not fully completed our accounting for the income tax effects of the Tax Act. As discussed in the SEC Staff Accounting Bulletin No. 118, the accounting for the Tax Act should be completed within one year from the Tax Act enactment. During the three and nine months ended September 30, 2018, we have made no material adjustments to the provisional amounts recorded at December 31, 2017. Adjustments to the provisional amounts recorded at December 31, 2017 will be reflected upon the completion of our accounting for the Tax Act.

At September 30, 2018 and December 31, 2017, we had deferred tax assets, net of deferred tax liabilities and valuation allowance, of $408.0 million and $645.3 million, respectively. The accounting for deferred taxes is based upon estimates of future results. Differences between estimated and actual results could result in changes in the valuation of deferred tax assets that could have a material impact on our consolidated results of operations or financial position. Changes in existing tax laws could also affect actual tax results and the realization of deferred tax assets over time.

Unrecognized tax benefits represent the difference between tax positions taken or expected to be taken in a tax return and the benefits recognized for financial statement purposes. At September 30, 2018 and December 31, 2017, we had $20.7 million and $48.6 million, respectively, of gross unrecognized tax benefits and $5.4 million and $4.9 million, respectively, of related accrued interest and penalties. It is reasonably possible within the next twelve months that our gross unrecognized tax benefits may decrease by up to $12.0 million, excluding interest and penalties, primarily due to potential audit settlements.
XML 23 R13.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Disclosures
 9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Fair value disclosures Fair value disclosures

ASC 820, “Fair Value Measurements and Disclosures,” provides a framework for measuring fair value in generally accepted accounting principles and establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The fair value hierarchy can be summarized as follows: 
Level 1
 
Fair value determined based on quoted prices in active markets for identical assets or liabilities.
 
 
Level 2
 
Fair value determined using significant observable inputs, generally either quoted prices in active markets for similar assets or liabilities or quoted prices in markets that are not active.
 
 
Level 3
 
Fair value determined using significant unobservable inputs, such as pricing models, discounted cash flows, or similar techniques.

Our assets and liabilities measured or disclosed at fair value are summarized below ($000’s omitted): 
Financial Instrument
 
Fair Value
Hierarchy
 
Fair Value
September 30,
2018
 
December 31,
2017
 
 
 
 
 
 
 
Measured at fair value on a recurring basis:
 
 
 
 
 
 
Residential mortgage loans available-for-sale
 
Level 2
 
$
349,784

 
$
570,600

Interest rate lock commitments
 
Level 2
 
9,261

 
5,583

Forward contracts
 
Level 2
 
2,626

 
(385
)
Whole loan commitments
 
Level 2
 
617

 
(147
)
 
 
 
 
 
 
 
Measured at fair value on a non-recurring basis:
 
 
 
 
 
 
House and land inventory
 
Level 3
 
$
4,447

 
$
11,045

Land held for sale
 
Level 2
 
6,651

 
8,600

 
 
 
 
 
 
 
Disclosed at fair value:
 
 
 
 
 
 
Cash, cash equivalents, and restricted cash
 
Level 1
 
$
759,012

 
$
306,168

Financial Services debt
 
Level 2
 
250,733

 
437,804

Other notes payable
 
Level 2
 
18,618

 
20,024

Senior notes payable
 
Level 2
 
2,940,462

 
3,243,750



Fair values for agency residential mortgage loans available-for-sale are determined based on quoted market prices for comparable instruments. Fair values for non-agency residential mortgage loans available-for-sale are determined based on purchase commitments from whole loan investors and other relevant market information available to management. Fair values for interest rate lock commitments, including the value of servicing rights, and forward contracts on mortgage-backed securities are valued based on market prices for similar instruments. Fair values for whole loan commitments are based on market prices for similar instruments from the specific whole loan investor.

Certain assets are required to be recorded at fair value on a non-recurring basis when events and circumstances indicate that the carrying value may not be recoverable. The non-recurring fair values included in the above table represent only those assets whose carrying values were adjusted to fair value as of the respective balance sheet dates. See Note 2 for the valuation techniques and inputs applied in determining the fair value of house and land inventory and land held for sale.

The carrying amounts of cash and equivalents, Financial Services debt, and other notes payable approximate their fair values due to their short-term nature and/or floating interest rate terms. The fair values of senior notes are based on quoted market prices, when available. If quoted market prices are not available, fair values are based on quoted market prices of similar issues. The carrying value of senior notes was $3.0 billion at both September 30, 2018 and December 31, 2017.
XML 24 R14.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments and Contingencies
 9 Months Ended
Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments and contingencies Commitments and contingencies

Loan origination liabilities

Our mortgage operations may be responsible for losses associated with mortgage loans originated and sold to investors in the event of errors or omissions relating to representations and warranties made by us that the loans met certain requirements, including representations as to underwriting standards, the existence of primary mortgage insurance, and the validity of certain borrower representations in connection with the loan. In addition, certain trustees and investors continue to attempt to collect damages based on losses from loans that originated prior to 2009. Some of our mortgage subsidiaries are currently defendants in litigation related to such claims.

Our recorded liabilities for all such claims totaled $34.4 million and $34.6 million at September 30, 2018 and December 31, 2017, respectively. Determining the liabilities for anticipated losses requires a significant level of management judgment. Given the nature of these claims and the uncertainty regarding their ultimate resolution, actual costs could differ from our current estimates.

Letters of credit and surety bonds

In the normal course of business, we post letters of credit and surety bonds pursuant to certain performance-related obligations, as security for certain land option agreements, and under various insurance programs. The majority of these letters of credit and surety bonds are in support of our land development and construction obligations to various municipalities, other government agencies, and utility companies related to the construction of roads, sewers, and other infrastructure. We had outstanding letters of credit and surety bonds totaling $219.6 million and $1.2 billion, respectively, at September 30, 2018 and $235.5 million and $1.2 billion, respectively, at December 31, 2017. In the event any such letter of credit or surety bond is drawn, we would be obligated to reimburse the issuer of the letter of credit or surety bond. We do not believe that a material amount, if any, of the letters of credit or surety bonds will be drawn. Our surety bonds generally do not have stated expiration dates; rather we are released from the surety bonds as the underlying contractual performance is completed. Because significant construction and development work has been performed related to projects that have not yet received final acceptance by the respective counterparties, the aggregate amount of surety bonds outstanding is in excess of the projected cost of the remaining work to be performed.

Litigation and regulatory matters

We are involved in various litigation and legal claims in the normal course of our business operations, including actions brought on behalf of various classes of claimants. We are also subject to a variety of local, state, and federal laws and regulations related to land development activities, house construction standards, sales practices, mortgage lending operations, employment practices, and protection of the environment. As a result, we are subject to periodic examination or inquiry by various governmental agencies that administer these laws and regulations.

We establish liabilities for legal claims and regulatory matters when such matters are both probable of occurring and any potential loss is reasonably estimable. We accrue for such matters based on the facts and circumstances specific to each matter and revise these estimates as the matters evolve. In such cases, there may exist an exposure to loss in excess of any amounts currently accrued. In view of the inherent difficulty of predicting the outcome of these legal and regulatory matters, we generally cannot predict the ultimate resolution of the pending matters, the related timing, or the eventual loss. While the outcome of such contingencies cannot be predicted with certainty, we do not believe that the resolution of such matters will have a material adverse impact on our results of operations, financial position, or cash flows. However, to the extent the liability arising from the ultimate resolution of any matter exceeds the estimates reflected in the recorded reserves relating to such matter, we could incur additional charges that could be significant.

Allowance for warranties

Home purchasers are provided with a limited warranty against certain building defects, including a one-year comprehensive limited warranty and coverage for certain other aspects of the home’s construction and operating systems for periods of up to and, in limited instances, exceeding 10 years. We estimate the costs to be incurred under these warranties and record liabilities in the amount of such costs at the time product revenue is recognized. Factors that affect our warranty liabilities include the number of homes sold, historical and anticipated rates of warranty claims, and the cost per claim. We periodically assess the adequacy of the warranty liabilities for each geographic market in which we operate and adjust the amounts as necessary. Actual warranty costs in the future could differ from the current estimates. Changes to warranty liabilities were as follows ($000’s omitted):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Warranty liabilities, beginning of period
$
72,169

 
$
73,353

 
$
72,709

 
$
66,134

Reserves provided
18,376

 
12,286

 
46,022

 
35,374

Payments
(15,993
)
 
(14,679
)
 
(47,403
)
 
(43,594
)
Other adjustments (a)
638

 
265

 
3,862

 
13,311

Warranty liabilities, end of period
$
75,190

 
$
71,225

 
$
75,190

 
$
71,225



(a)
During the nine months ended September 30, 2017, we recognized a charge of $12.3 million related to estimated costs to complete repairs in a closed-out community in Florida.

Self-insured risks

We maintain, and require our subcontractors to maintain, general liability insurance coverage. We also maintain builders' risk, property, errors and omissions, workers' compensation, and other business insurance coverage. These insurance policies protect us against a portion of the risk of loss from claims. However, we retain a significant portion of the overall risk for such claims either through policies issued by our captive insurance subsidiaries or through our own self-insured per occurrence and aggregate retentions, deductibles, and claims in excess of available insurance policy limits.

Our general liability insurance includes coverage for certain construction defects. While construction defect claims can relate to a variety of circumstances, the majority of our claims relate to alleged problems with siding, plumbing, foundations and other concrete work, windows, roofing, and heating, ventilation and air conditioning systems. The availability of general liability insurance for the homebuilding industry and its subcontractors has become increasingly limited, and the insurance policies available require us to maintain significant per occurrence and aggregate retention levels. In certain instances, we may offer our subcontractors the opportunity to purchase insurance through one of our captive insurance subsidiaries or participate in a project-specific insurance program provided by us. Policies issued by our captive insurance subsidiaries represent self-insurance of these risks by us. This self-insured exposure is limited by reinsurance policies that we purchase. General liability coverage for the homebuilding industry is complex, and our coverage varies from policy year to policy year. Our insurance coverage requires a per occurrence deductible up to an overall aggregate retention level. Beginning with the first dollar, amounts paid to satisfy insured claims apply to our per occurrence and aggregate retention obligations. Any amounts incurred in excess of the occurrence or aggregate retention levels are covered by insurance up to our purchased coverage levels. Our insurance policies, including the captive insurance subsidiaries' reinsurance policies, are maintained with highly-rated underwriters for whom we believe counterparty default risk is not significant.

At any point in time, we are managing over 1,000 individual claims related to general liability, property, errors and omissions, workers' compensation, and other business insurance coverage. We reserve for costs associated with such claims (including expected claims management expenses) on an undiscounted basis at the time revenue is recognized for each home closing and evaluate the recorded liabilities based on actuarial analyses of our historical claims. The actuarial analyses calculate estimates of the ultimate net cost of all unpaid losses, including estimates for incurred but not reported losses ("IBNR"). IBNR represents losses related to claims incurred but not yet reported plus development on reported claims.

Our recorded reserves for all such claims totaled $726.5 million and $758.8 million at September 30, 2018 and December 31, 2017, respectively, the vast majority of which relate to general liability claims. The recorded reserves include
loss estimates related to both (i) existing claims and related claim expenses and (ii) IBNR and related claim expenses. Liabilities related to IBNR and related claim expenses represented approximately 62% and 65% of the total general liability reserves at September 30, 2018 and December 31, 2017, respectively. The actuarial analyses that determine the IBNR portion of reserves consider a variety of factors, including the frequency and severity of losses, which are based on our historical claims experience supplemented by industry data. The actuarial analyses of the reserves also consider historical third party recovery rates and claims management expenses.

Housing market conditions have been volatile across most of our markets over the past ten years, and we believe such conditions can affect the frequency and cost of construction defect claims. Additionally, IBNR estimates comprise the majority of our liability and are subject to a high degree of uncertainty due to a variety of factors, including changes in claims reporting and resolution patterns, third party recoveries, insurance industry practices, the regulatory environment, and legal precedent. State regulations vary, but construction defect claims are reported and resolved over an extended period often exceeding ten years. Changes in the frequency and timing of reported claims and estimates of specific claim values can impact the underlying inputs and trends utilized in the actuarial analyses, which could have a material impact on the recorded reserves. Additionally, the amount of insurance coverage available for each policy period also impacts our recorded reserves. Because of the inherent uncertainty in estimating future losses and the timing of such losses related to these claims, actual costs could differ significantly from estimated costs.

Adjustments to reserves are recorded in the period in which the change in estimate occurs. We reduced general liability reserves by $37.9 million and $19.8 million during the nine months ended September 30, 2018 and September 30, 2017, respectively. These reductions were the result of changes in estimates driven by claim experience being less than anticipated in previous actuarial projections. These changes in actuarial estimates did not involve any changes in actuarial methodology but did impact the development of estimates for future periods, which resulted in adjustments to the IBNR portion of our recorded liabilities.

Costs associated with our insurance programs are classified within selling, general, and administrative expenses. Changes in these liabilities were as follows ($000's omitted):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Balance, beginning of period
$
725,482

 
$
814,756

 
$
758,812

 
$
831,058

Reserves provided, net
24,106

 
24,361

 
67,001

 
62,970

Adjustments to previously recorded reserves (a)
(5,065
)
 
(511
)
 
(40,133
)
 
(22,304
)
Payments, net (b)
(18,026
)
 
(13,981
)
 
(59,183
)
 
(47,099
)
Balance, end of period
$
726,497

 
$
824,625

 
$
726,497

 
$
824,625



(a)
Includes general liability reserve reversals of $37.9 million and $19.8 million for the nine months ended September 30, 2018 and September 30, 2017, respectively.
(b)
Includes net changes in amounts expected to be recovered from our insurance carriers, which are recorded in other assets (see below).

In certain instances, we have the ability to recover a portion of our costs under various insurance policies or from subcontractors or other third parties. Estimates of such amounts are recorded when recovery is considered probable. Such receivables are recorded in other assets and totaled $151.2 million and $213.4 million at September 30, 2018 and December 31, 2017, respectively. The insurance receivables relate to costs incurred to perform corrective repairs, settle claims with customers, and other costs related to the continued progression of construction defect claims that we believe are insured. Given the complexity inherent with resolving construction defect claims in the homebuilding industry as described above, there generally exists a significant lag between our payment of claims and our reimbursements from applicable insurance carriers. In addition, disputes between homebuilders and carriers over coverage positions relating to construction defect claims are common. Resolution of claims with carriers involves the exchange of significant amounts of information and frequently involves legal action.

During the nine months ended September 30, 2017, we wrote-off $20.3 million of insurance receivables in conjunction with settling insurance policies with multiple carriers covering multiple years. At September 30, 2018, we are the plaintiff in an arbitration proceeding with one of our insurance carriers in regard to $21.5 million of recorded insurance receivables relating to the applicability of coverage to such costs under its policy. We believe collection of our recorded insurance receivables, including those in litigation, is probable based on the legal merits of our positions after review by legal counsel, the high credit ratings of our carriers, and our long history of collecting significant amounts of insurance reimbursements under similar insurance policies related to similar claims. While the outcomes of these matters cannot be predicted with certainty, we do not believe that the resolution of such matters will have a material adverse impact on our results of operations, financial position, or cash flows.
XML 25 R15.htm IDEA: XBRL DOCUMENT v3.10.0.1
Supplemental Guarantor Information
 9 Months Ended
Sep. 30, 2018
Supplemental Guarantor Information [Abstract]  
Supplemental Guarantor information Supplemental Guarantor information

All of our senior notes are guaranteed jointly and severally on a senior basis by certain of our wholly-owned Homebuilding subsidiaries and certain other wholly-owned subsidiaries (collectively, the “Guarantors”). Such guaranties are full and unconditional. Our subsidiaries comprising the Financial Services segment along with certain other subsidiaries (collectively, the "Non-Guarantor Subsidiaries") do not guarantee the senior notes. In accordance with Rule 3-10 of Regulation S-X, supplemental consolidating financial information of the Company, including such information for the Guarantors, is presented below. Investments in subsidiaries are presented using the equity method of accounting.


 CONDENSED CONSOLIDATING BALANCE SHEET
SEPTEMBER 30, 2018
($000’s omitted)
 
Unconsolidated
 
Eliminating
Entries
 
Consolidated
PulteGroup,
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
ASSETS
 
 
 
 
 
 
 
 
 
Cash and equivalents
$
—


$
674,271


$
54,360


$
—


$
728,631

Restricted cash
—


28,996


1,385


—


30,381

Total cash, cash equivalents, and
restricted cash
—


703,267


55,745


—


759,012

House and land inventory
—


7,392,748


96,706


—


7,489,454

Land held for sale
—


65,905


—


—


65,905

Residential mortgage loans available-
for-sale
—


—


349,784


—


349,784

Investments in unconsolidated entities
—


53,732


546


—


54,278

Other assets
24,202


601,877


171,897


—


797,976

Intangible assets



130,642


—


—


130,642

Deferred tax assets, net
415,836


—


(7,807
)

—


408,029

Investments in subsidiaries and
intercompany accounts, net
7,354,045


314,402


8,185,180


(15,853,627
)

—


$
7,794,083


$
9,262,573


$
8,852,051


$
(15,853,627
)

$
10,055,080

LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable, customer deposits,
accrued and other liabilities
$
68,081


$
1,746,660


$
244,986


$
—


$
2,059,727

Income tax liabilities
10,324


—


—


—


10,324

Financial Services debt
—


—


250,733


—


250,733

Notes payable
2,986,800


17,962


656


—


3,005,418

Total liabilities
3,065,205


1,764,622


496,375


—


5,326,202

Total shareholders’ equity
4,728,878


7,497,951


8,355,676


(15,853,627
)

4,728,878


$
7,794,083


$
9,262,573


$
8,852,051


$
(15,853,627
)

$
10,055,080


CONDENSED 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 STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
For the three months ended September 30, 2018
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
2,535,930

 
$
36,306

 
$
—

 
$
2,572,236

Land sale and other revenues
—

 
25,266

 
244

 
—

 
25,510

 
—

 
2,561,196

 
36,550

 
—

 
2,597,746

Financial Services
—

 
—

 
51,620

 
—

 
51,620

 
—

 
2,561,196

 
88,170

 
—

 
2,649,366

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(1,928,365
)
 
(25,795
)
 
—

 
(1,954,160
)
Land sale cost of revenues
—

 
(22,060
)
 


 
—

 
(22,060
)
 
—

 
(1,950,425
)
 
(25,795
)
 
—

 
(1,976,220
)
Financial Services expenses
—

 
(130
)
 
(32,083
)
 
—

 
(32,213
)
Selling, general, and administrative
expenses
—

 
(245,776
)
 
(6,981
)
 
—

 
(252,757
)
Other income (expense), net
(120
)
 
(12,398
)
 
9,030

 
—

 
(3,488
)
Intercompany interest
(2,158
)
 


 
2,158

 
—

 
—

Income (loss) before income taxes and
equity in income (loss) of
subsidiaries
(2,278
)
 
352,467

 
34,499

 
—

 
384,688

Income tax (expense) benefit
609

 
(88,368
)
 
(7,394
)
 
—

 
(95,153
)
Income (loss) before equity in income
(loss) of subsidiaries
(1,669
)
 
264,099

 
27,105

 
—

 
289,535

Equity in income (loss) of subsidiaries
291,204

 
25,094

 
190,161

 
(506,459
)
 
—

Net income (loss)
289,535

 
289,193

 
217,266

 
(506,459
)
 
289,535

Other comprehensive income
25

 
—

 
—

 
—

 
25

Comprehensive income (loss)
$
289,560

 
$
289,193

 
$
217,266

 
$
(506,459
)
 
$
289,560


CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
For the three months ended September 30, 2017
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
2,032,391

 
$
23,500

 
$
—

 
$
2,055,891

Land sale and other revenues
—

 
27,954

 
261

 
—

 
28,215

 
—

 
2,060,345

 
23,761

 
—

 
2,084,106

Financial Services
—

 
—

 
46,952

 
—

 
46,952

 
—

 
2,060,345

 
70,713

 
—

 
2,131,058

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(1,545,712
)
 
(18,893
)
 
—

 
(1,564,605
)
Land sale cost of revenues
—

 
(24,896
)
 
(227
)
 
—

 
(25,123
)
 
—

 
(1,570,608
)
 
(19,120
)
 
—

 
(1,589,728
)
Financial Services expenses
—

 
(121
)
 
(29,183
)
 
—

 
(29,304
)
Selling, general, and administrative
expenses
—

 
(225,845
)
 
(11,650
)
 
—

 
(237,495
)
Other income (expense), net
(96
)
 
(12,670
)
 
6,484

 
—

 
(6,282
)
Intercompany interest
(756
)
 
—

 
756

 
—

 
—

Income (loss) before income taxes and
equity in income (loss) of
subsidiaries
(852
)
 
251,101

 
18,000

 
—

 
268,249

Income tax (expense) benefit
945

 
(84,666
)
 
(6,989
)
 
—

 
(90,710
)
Income before equity in income
of subsidiaries
93

 
166,435

 
11,011

 
—

 
177,539

Equity in income (loss) of subsidiaries
177,446

 
18,040

 
114,564

 
(310,050
)
 
—

Net income (loss)
177,539

 
184,475

 
125,575

 
(310,050
)
 
177,539

Other comprehensive income
20

 
—

 
—

 
—

 
20

Comprehensive income (loss)
$
177,559

 
$
184,475

 
$
125,575

 
$
(310,050
)
 
$
177,559
















CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
For the nine months ended September 30, 2018
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
6,852,430

 
$
81,458

 
$
—

 
$
6,933,888

Land sale and other revenues
—

 
103,243

 
1,728

 
—

 
104,971

 
—

 
6,955,673

 
83,186

 
—

 
7,038,859

Financial Services
—

 
—

 
150,322

 
—

 
150,322

 
—

 
6,955,673

 
233,508

 
—

 
7,189,181

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(5,214,408
)
 
(61,824
)
 
—

 
(5,276,232
)
Land sale cost of revenues
—

 
(70,774
)
 
(1,017
)
 
—

 
(71,791
)
 
—

 
(5,285,182
)
 
(62,841
)
 
—

 
(5,348,023
)
Financial Services expenses
—

 
(405
)
 
(96,245
)
 
—

 
(96,650
)
Selling, general, and administrative
expenses
—

 
(699,311
)
 
(20,395
)
 
—

 
(719,706
)
Other income (expense), net
(458
)
 
(33,436
)
 
27,141

 
—

 
(6,753
)
Intercompany interest
(5,710
)
 
—

 
5,710

 
—

 
—

Income (loss) before income taxes and
equity in income (loss) of
subsidiaries
(6,168
)
 
937,339

 
86,878

 
—

 
1,018,049

Income tax (expense) benefit
1,543

 
(213,876
)
 
(21,341
)
 
—

 
(233,674
)
Income (loss) before equity in income
(loss) of subsidiaries
(4,625
)
 
723,463

 
65,537

 
—

 
784,375

Equity in income (loss) of subsidiaries
789,000

 
62,162

 
559,184

 
(1,410,346
)
 
—

Net income (loss)
784,375

 
785,625

 
624,721

 
(1,410,346
)
 
784,375

Other comprehensive income
75

 
—

 
—

 
—

 
75

Comprehensive income (loss)
$
784,450

 
$
785,625

 
$
624,721

 
$
(1,410,346
)
 
$
784,450

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
For the nine months ended September 30, 2017
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
5,554,349

 
$
52,604

 
$
—

 
$
5,606,953

Land sale and other revenues
—

 
37,268

 
2,580

 
—

 
39,848

 
—

 
5,591,617

 
55,184

 
—

 
5,646,801

Financial Services
—

 
—

 
135,995

 
—

 
135,995

 
—

 
5,591,617

 
191,179

 
—

 
5,782,796

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(4,288,754
)
 
(43,467
)
 
—

 
(4,332,221
)
Land sale cost of revenues
—

 
(113,899
)
 
(2,051
)
 
—

 
(115,950
)
 
—

 
(4,402,653
)
 
(45,518
)
 
—

 
(4,448,171
)
Financial Services expenses
—

 
(384
)
 
(85,766
)
 
—

 
(86,150
)
Selling, general, and administrative
expenses
—

 
(653,930
)
 
(36,044
)
 
—

 
(689,974
)
Other income (expense), net
(354
)
 
(49,436
)
 
21,351

 
—

 
(28,439
)
Intercompany interest
(1,634
)
 
—

 
1,634

 
—

 
—

Income (loss) before income taxes and
equity in income (loss) of
subsidiaries
(1,988
)
 
485,214

 
46,836

 
—

 
530,062

Income tax (expense) benefit
1,377

 
(143,324
)
 
(18,308
)
 
—

 
(160,255
)
Income (loss) before equity in income
(loss) of subsidiaries
(611
)
 
341,890

 
28,528

 
—

 
369,807

Equity in income (loss) of subsidiaries
370,418

 
36,307

 
197,494

 
(604,219
)
 
—

Net income (loss)
369,807

 
378,197

 
226,022

 
(604,219
)
 
369,807

Other comprehensive income
61

 
—

 
—

 
—

 
61

Comprehensive income (loss)
$
369,868

 
$
378,197

 
$
226,022

 
$
(604,219
)
 
$
369,868


CONSOLIDATING STATEMENT OF CASH FLOWS
For the nine months ended September 30, 2018
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Net cash provided by (used in)
operating activities
$
347,335

 
$
389,110

 
$
278,535

 
$
—

 
$
1,014,980

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(40,483
)
 
(6,046
)
 
—

 
(46,529
)
Investments in unconsolidated entities
—

 
(1,000
)
 
—

 
—

 
(1,000
)
Other investing activities, net


 
11,299

 
4,246

 
—

 
15,545

Net cash provided by (used in)
investing activities
—

 
(30,184
)
 
(1,800
)
 
—

 
(31,984
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Financial Services borrowing (repayments), net


 
—

 
(187,071
)
 
—

 
(187,071
)
Repayments of debt
—

 
(81,757
)
 
(898
)
 
—

 
(82,655
)
Borrowings under revolving credit facility
1,566,000

 
—

 
—

 
—

 
1,566,000

Repayments under revolving credit facility
(1,566,000
)
 
—

 
—

 
—

 
(1,566,000
)
Debt issuance costs
(8,165
)
 
—

 
—

 
—

 
(8,165
)
Stock option exercises
5,462

 
—

 
—

 
—

 
5,462

Share repurchases
(179,439
)
 
—

 
—

 
—

 
(179,439
)
Dividends paid
(78,284
)
 
—

 
—

 
—

 
(78,284
)
Intercompany activities, net
(86,909
)
 
268,297

 
(181,388
)
 
—

 
—

Net cash provided by (used in)
financing activities
(347,335
)
 
186,540

 
(369,357
)
 
—

 
(530,152
)
Net increase (decrease) in cash, cash equivalents, and restricted cash
—

 
545,466

 
(92,622
)
 
—

 
452,844

Cash, cash equivalents, and restricted cash
at beginning of year
—

 
157,801

 
148,367

 
—

 
306,168

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

 
$
703,267

 
$
55,745

 
$
—

 
$
759,012



CONSOLIDATING STATEMENT OF CASH FLOWS
For the nine months ended September 30, 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
$
58,575

 
$
43,042

 
$
150,862

 
$
—

 
$
252,479

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(19,693
)
 
(3,855
)
 
—

 
(23,548
)
Investments in unconsolidated entities
—

 
(22,007
)
 
—

 
—

 
(22,007
)
Other investing activities, net
—

 
5,728

 
60

 
—

 
5,788

Net cash provided by (used in)
investing activities
—

 
(35,972
)
 
(3,795
)
 
—

 
(39,767
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Financial Services borrowings (repayments), net
—

 
—

 
(85,797
)
 
—

 
(85,797
)
Repayments of debt
—

 
(6,031
)
 
(970
)
 
—

 
(7,001
)
Borrowings under revolving credit facility
971,000

 
—

 
—

 
—

 
971,000

Repayments under revolving credit facility
(888,000
)
 
—

 
—

 
—

 
(888,000
)
Stock option exercises
22,765

 
—

 
—

 
—

 
22,765

Share repurchases
(665,812
)
 
—

 
—

 
—

 
(665,812
)
Dividends paid
(86,018
)
 
—

 
—

 
—

 
(86,018
)
Intercompany activities, net
587,490

 
(470,052
)
 
(117,438
)
 
—

 
—

Net cash provided by (used in)
financing activities
(58,575
)
 
(476,083
)
 
(204,205
)
 
—

 
(738,863
)
Net increase decrease in cash, cash equivalents, and restricted cash
—

 
(469,013
)
 
(57,138
)
 
—

 
(526,151
)
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
$
—

 
$
142,172

 
$
54,925

 
$
—

 
$
197,097
XML 26 R16.htm IDEA: XBRL DOCUMENT v3.10.0.1
Basis of Presentation (Policy)
 9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Consolidation policy The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal, recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the interim periods presented are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with our consolidated financial statements and footnotes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2017.
Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Reclassifications Certain prior period amounts have been reclassified to conform to the current year presentation
Subsequent events We evaluated subsequent events up until the time the financial statements were filed with the Securities and Exchange Commission (the "SEC").
Revenue recognition Revenue recognition

Home sale revenues - Home sale revenues and related profit are generally recognized when title to and possession of the home are transferred to the buyer at the home closing date. Our performance obligation to deliver the agreed-upon home is generally satisfied in less than one year from the original contract date. Home sale contract assets consist of cash from home closings held in escrow for our benefit, typically for less than five days, which are considered deposits in-transit and classified as cash. Contract liabilities include customer deposit liabilities related to sold but undelivered homes, which totaled $342.4 million and $250.8 million at September 30, 2018 and December 31, 2017, respectively. Substantially all of our home sales are scheduled to close and be recorded to revenue within one year from the date of receiving a customer deposit. See Note 8 for information on warranties and related obligations.

Land sale revenues - We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land sales are generally outright sales of specified land parcels with cash consideration due on the closing date, which is generally when performance obligations are satisfied. During the nine months ended September 30, 2018, we closed on a number of land sale transactions that generated gains totaling $28.9 million, as the proceeds from the sales exceeded the cost basis of the land. Substantially all performance obligations related to these transactions were satisfied at closing.

Financial services revenues - Loan origination fees, commitment fees, and certain direct loan origination costs are recognized as incurred. Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment. Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. Interest income is accrued from the date a mortgage loan is originated until the loan is sold. Mortgage servicing fees represent fees earned for servicing loans for various investors. Servicing fees are based on a contractual percentage of the outstanding principal balance and are credited to income when related mortgage payments are received or the sub-servicing fees are earned.

Revenues associated with our title operations are recognized as closing services are rendered and title insurance policies are issued, both of which generally occur as each home is closed. Insurance brokerage commissions relate to commissions on homeowner and other insurance policies placed with third party carriers through various agency channels. Our performance obligations for policy renewal commissions are satisfied upon issuance of the initial policy, and related contract assets for estimated future renewal commissions are included in other assets and totaled $30.4 million at September 30, 2018. Contract assets totaling $27.7 million were recognized on January 1, 2018, in conjunction with the adoption of Accounting Standards Codification ("ASC") 606, "Revenue from Contracts with Customers" ("ASC 606"). Refer to "New accounting pronouncements" within Note 1 for further discussion.
Earnings per share Basic earnings per share is computed by dividing income available to common shareholders (the “Numerator”) by the weighted-average number of common shares outstanding, adjusted for unvested shares (the “Denominator”) for the period. Computing diluted earnings per share is similar to computing basic earnings per share, except that the Denominator is increased to include the dilutive effects of stock options, unvested restricted shares, unvested restricted share units, and other potentially dilutive instruments. Any stock options that have an exercise price greater than the average market price are considered to be anti-dilutive and are excluded from the diluted earnings per share calculation.

In accordance with ASC 260 "Earnings Per Share", the two-class method determines earnings per share for each class of common stock and participating securities according to an earnings allocation formula that adjusts the Numerator for dividends or dividend equivalents and participation rights in undistributed earnings. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and, therefore, are included in computing earnings per share pursuant to the two-class method. Our outstanding restricted share awards, restricted share units, and deferred shares are considered participating securities.
Residential mortgage loans available-for-sale Substantially all of the loans originated by us are sold in the secondary mortgage market within a short period of time after origination, generally within 30 days. At September 30, 2018 and December 31, 2017, residential mortgage loans available-for-sale had an aggregate fair value of $349.8 million and $570.6 million, respectively, and an aggregate outstanding principal balance of $341.8 million and $553.5 million, respectively. The net gain (loss) resulting from changes in fair value of these loans totaled $(0.7) million and $0.7 million for the three months ended September 30, 2018 and 2017, respectively, and $(1.0) million and $(3.4) million for the nine months ended September 30, 2018 and 2017, respectively. These changes in fair value were substantially offset by changes in the fair value of corresponding hedging instruments. Net gains from the sale of mortgages were $27.8 million and $27.1 million for the three months ended September 30, 2018 and 2017, respectively, and $83.9 million and $80.1 million for the nine months ended September 30, 2018 and 2017, respectively, and have been included in Financial Services revenues.
Derivative instruments and hedging activities We are party to interest rate lock commitments ("IRLCs") with customers resulting from our mortgage origination operations. At September 30, 2018 and December 31, 2017, we had aggregate IRLCs of $434.9 million and $210.9 million, respectively, which were originated at interest rates prevailing at the date of commitment. Since we can terminate a loan commitment if the borrower does not comply with the terms of the contract, and some loan commitments may expire without being drawn upon, these commitments do not necessarily represent future cash requirements. We evaluate the creditworthiness of these transactions through our normal credit policies.

We hedge our exposure to interest rate market risk relating to residential mortgage loans available-for-sale and IRLCs using forward contracts on mortgage-backed securities, which are commitments to either purchase or sell a specified financial instrument at a specified future date for a specified price, and whole loan investor commitments, which are obligations of an investor to buy loans at a specified price within a specified time period. Forward contracts on mortgage-backed securities are the predominant derivative financial instruments we use to minimize market risk during the period from the time we extend an interest rate lock to a loan applicant until the time the loan is sold to an investor. At September 30, 2018 and December 31, 2017, we had unexpired forward contracts of $579.0 million and $522.0 million, respectively, and whole loan investor
commitments of $171.4 million and $203.1 million, respectively. Changes in the fair value of IRLCs and other derivative financial instruments are recognized in Financial Services revenues, and the fair values are reflected in other assets or other liabilities, as applicable.

There are no credit-risk-related contingent features within our derivative agreements, and counterparty risk is considered minimal. Gains and losses on IRLCs and residential mortgage loans available-for-sale are substantially offset by corresponding gains or losses on forward contracts on mortgage-backed securities and whole loan investor commitments. We are generally not exposed to variability in cash flows of derivative instruments for more than approximately 60 days.
New accounting pronouncements On January 1, 2018, we adopted ASC 606, which is a comprehensive new revenue recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services and satisfaction of performance obligations to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. We applied the modified retrospective method to contracts that were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported under the previous accounting standards. We recorded a net increase to opening retained earnings of $22.4 million, net of tax, as of January 1, 2018, due to the cumulative impact of adopting ASC 606, with the impact primarily related to the recognition of contract assets for insurance brokerage commission renewals. There was not a material impact to revenues as a result of applying ASC 606 for the nine months ended September 30, 2018, and there have not been significant changes to our business processes, systems, or internal controls as a result of implementing the standard.

We adopted Accounting Standards Update ("ASU") No. 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments" ("ASU 2016-15"), as of January 1, 2018, on a retrospective basis. ASU 2016-15 addresses several specific cash flow issues. The adoption of ASU 2016-15 had no effect on our financial statements.

ASC 842, "Leases", becomes effective for us for annual and interim periods beginning January 1, 2019. The standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application. While the recognition of right-of-use assets and related liabilities will have a material effect on our consolidated balance sheets, we do not expect a material impact on our consolidated statements of operations or cash flows. We continue to evaluate the full impact of the new standard, including the impact on our business processes, systems, and internal controls.

In June 2016, the Financial Accounting Standards Board ("FASB") issued ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments", which changes the impairment model for most financial assets and certain other instruments from an "incurred loss" approach to a new "expected credit loss" methodology. The standard is effective for us for annual and interim periods beginning January 1, 2020, with early adoption permitted, and requires full retrospective application on adoption. We are currently evaluating the impact the standard will have on our financial statements.

In January 2017, the FASB issued ASU No. 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment", which removes the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. Under the new standard, goodwill impairment will now be determined by evaluating the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The standard is effective for us for annual and interim periods beginning January 1, 2020, with early adoption permitted, and applied prospectively. We do not expect the standard to have a material impact on our financial statements.
Inventory interest capitalization We capitalize interest cost into inventory during the active development and construction of our communities. In all periods presented, we capitalized all Homebuilding interest costs into inventory because the level of our active inventory exceeded our debt levels.
Fair value of financial instruments Fair values for agency residential mortgage loans available-for-sale are determined based on quoted market prices for comparable instruments. Fair values for non-agency residential mortgage loans available-for-sale are determined based on purchase commitments from whole loan investors and other relevant market information available to management. Fair values for interest rate lock commitments, including the value of servicing rights, and forward contracts on mortgage-backed securities are valued based on market prices for similar instruments. Fair values for whole loan commitments are based on market prices for similar instruments from the specific whole loan investor.

Certain assets are required to be recorded at fair value on a non-recurring basis when events and circumstances indicate that the carrying value may not be recoverable. The non-recurring fair values included in the above table represent only those assets whose carrying values were adjusted to fair value as of the respective balance sheet dates. See Note 2 for the valuation techniques and inputs applied in determining the fair value of house and land inventory and land held for sale.

The carrying amounts of cash and equivalents, Financial Services debt, and other notes payable approximate their fair values due to their short-term nature and/or floating interest rate terms. The fair values of senior notes are based on quoted market prices, when available. If quoted market prices are not available, fair values are based on quoted market prices of similar issues. The carrying value of senior notes was $3.0 billion at both September 30, 2018 and December 31, 2017.
Letters of credit and surety bonds In the normal course of business, we post letters of credit and surety bonds pursuant to certain performance-related obligations, as security for certain land option agreements, and under various insurance programs. The majority of these letters of credit and surety bonds are in support of our land development and construction obligations to various municipalities, other government agencies, and utility companies related to the construction of roads, sewers, and other infrastructure. We had outstanding letters of credit and surety bonds totaling $219.6 million and $1.2 billion, respectively, at September 30, 2018 and $235.5 million and $1.2 billion, respectively, at December 31, 2017. In the event any such letter of credit or surety bond is drawn, we would be obligated to reimburse the issuer of the letter of credit or surety bond. We do not believe that a material amount, if any, of the letters of credit or surety bonds will be drawn. Our surety bonds generally do not have stated expiration dates; rather we are released from the surety bonds as the underlying contractual performance is completed. Because significant construction and development work has been performed related to projects that have not yet received final acceptance by the respective counterparties, the aggregate amount of surety bonds outstanding is in excess of the projected cost of the remaining work to be performed.
Legal reserves We are involved in various litigation and legal claims in the normal course of our business operations, including actions brought on behalf of various classes of claimants. We are also subject to a variety of local, state, and federal laws and regulations related to land development activities, house construction standards, sales practices, mortgage lending operations, employment practices, and protection of the environment. As a result, we are subject to periodic examination or inquiry by various governmental agencies that administer these laws and regulations.

We establish liabilities for legal claims and regulatory matters when such matters are both probable of occurring and any potential loss is reasonably estimable. We accrue for such matters based on the facts and circumstances specific to each matter and revise these estimates as the matters evolve. In such cases, there may exist an exposure to loss in excess of any amounts currently accrued. In view of the inherent difficulty of predicting the outcome of these legal and regulatory matters, we generally cannot predict the ultimate resolution of the pending matters, the related timing, or the eventual loss. While the outcome of such contingencies cannot be predicted with certainty, we do not believe that the resolution of such matters will have a material adverse impact on our results of operations, financial position, or cash flows. However, to the extent the liability arising from the ultimate resolution of any matter exceeds the estimates reflected in the recorded reserves relating to such matter, we could incur additional charges that could be significant.

Allowance for warranties Allowance for warranties

Home purchasers are provided with a limited warranty against certain building defects, including a one-year comprehensive limited warranty and coverage for certain other aspects of the home’s construction and operating systems for periods of up to and, in limited instances, exceeding 10 years. We estimate the costs to be incurred under these warranties and record liabilities in the amount of such costs at the time product revenue is recognized. Factors that affect our warranty liabilities include the number of homes sold, historical and anticipated rates of warranty claims, and the cost per claim. We periodically assess the adequacy of the warranty liabilities for each geographic market in which we operate and adjust the amounts as necessary. Actual warranty costs in the future could differ from the current estimates.
Self insured risks Self-insured risks

We maintain, and require our subcontractors to maintain, general liability insurance coverage. We also maintain builders' risk, property, errors and omissions, workers' compensation, and other business insurance coverage. These insurance policies protect us against a portion of the risk of loss from claims. However, we retain a significant portion of the overall risk for such claims either through policies issued by our captive insurance subsidiaries or through our own self-insured per occurrence and aggregate retentions, deductibles, and claims in excess of available insurance policy limits.

Our general liability insurance includes coverage for certain construction defects. While construction defect claims can relate to a variety of circumstances, the majority of our claims relate to alleged problems with siding, plumbing, foundations and other concrete work, windows, roofing, and heating, ventilation and air conditioning systems. The availability of general liability insurance for the homebuilding industry and its subcontractors has become increasingly limited, and the insurance policies available require us to maintain significant per occurrence and aggregate retention levels. In certain instances, we may offer our subcontractors the opportunity to purchase insurance through one of our captive insurance subsidiaries or participate in a project-specific insurance program provided by us. Policies issued by our captive insurance subsidiaries represent self-insurance of these risks by us. This self-insured exposure is limited by reinsurance policies that we purchase. General liability coverage for the homebuilding industry is complex, and our coverage varies from policy year to policy year. Our insurance coverage requires a per occurrence deductible up to an overall aggregate retention level. Beginning with the first dollar, amounts paid to satisfy insured claims apply to our per occurrence and aggregate retention obligations. Any amounts incurred in excess of the occurrence or aggregate retention levels are covered by insurance up to our purchased coverage levels. Our insurance policies, including the captive insurance subsidiaries' reinsurance policies, are maintained with highly-rated underwriters for whom we believe counterparty default risk is not significant.

At any point in time, we are managing over 1,000 individual claims related to general liability, property, errors and omissions, workers' compensation, and other business insurance coverage. We reserve for costs associated with such claims (including expected claims management expenses) on an undiscounted basis at the time revenue is recognized for each home closing and evaluate the recorded liabilities based on actuarial analyses of our historical claims. The actuarial analyses calculate estimates of the ultimate net cost of all unpaid losses, including estimates for incurred but not reported losses ("IBNR"). IBNR represents losses related to claims incurred but not yet reported plus development on reported claims.

Our recorded reserves for all such claims totaled $726.5 million and $758.8 million at September 30, 2018 and December 31, 2017, respectively, the vast majority of which relate to general liability claims. The recorded reserves include
loss estimates related to both (i) existing claims and related claim expenses and (ii) IBNR and related claim expenses. Liabilities related to IBNR and related claim expenses represented approximately 62% and 65% of the total general liability reserves at September 30, 2018 and December 31, 2017, respectively. The actuarial analyses that determine the IBNR portion of reserves consider a variety of factors, including the frequency and severity of losses, which are based on our historical claims experience supplemented by industry data. The actuarial analyses of the reserves also consider historical third party recovery rates and claims management expenses.

Housing market conditions have been volatile across most of our markets over the past ten years, and we believe such conditions can affect the frequency and cost of construction defect claims. Additionally, IBNR estimates comprise the majority of our liability and are subject to a high degree of uncertainty due to a variety of factors, including changes in claims reporting and resolution patterns, third party recoveries, insurance industry practices, the regulatory environment, and legal precedent. State regulations vary, but construction defect claims are reported and resolved over an extended period often exceeding ten years. Changes in the frequency and timing of reported claims and estimates of specific claim values can impact the underlying inputs and trends utilized in the actuarial analyses, which could have a material impact on the recorded reserves. Additionally, the amount of insurance coverage available for each policy period also impacts our recorded reserves. Because of the inherent uncertainty in estimating future losses and the timing of such losses related to these claims, actual costs could differ significantly from estimated costs.

Adjustments to reserves are recorded in the period in which the change in estimate occurs. We reduced general liability reserves by $37.9 million and $19.8 million during the nine months ended September 30, 2018 and September 30, 2017, respectively. These reductions were the result of changes in estimates driven by claim experience being less than anticipated in previous actuarial projections. These changes in actuarial estimates did not involve any changes in actuarial methodology but did impact the development of estimates for future periods, which resulted in adjustments to the IBNR portion of our recorded liabilities.

Costs associated with our insurance programs are classified within selling, general, and administrative expenses.
XML 27 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
Basis of Presentation (Tables)
 9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Schedule of Other Expense (Income), Net Other expense, net consists of the following ($000’s omitted): 
 
Three Months Ended
 
Nine Months Ended
September 30,
 
September 30,
2018
 
2017
 
2018
 
2017
Write-offs of deposits and pre-acquisition costs
$
(3,136
)
 
$
(2,680
)
 
$
(7,398
)
 
$
(9,397
)
Amortization of intangible assets
(3,450
)
 
(3,450
)
 
(10,350
)
 
(10,350
)
Interest income
1,842

 
485

 
3,240

 
1,917

Interest expense
(152
)
 
(101
)
 
(460
)
 
(371
)
Equity in earnings (loss) of unconsolidated entities (a)
886

 
415

 
2,112

 
(4,154
)
Miscellaneous, net
522

 
(951
)
 
6,103

 
(6,084
)
Total other expense, net
$
(3,488
)
 
$
(6,282
)
 
$
(6,753
)
 
$
(28,439
)
Schedule of Earnings Per Share The following table presents the earnings per common share (000's omitted, except per share data):
 
Three Months Ended
 
Nine Months Ended
September 30,
 
September 30,
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
Net income
$
289,535

 
$
177,539

 
$
784,375

 
$
369,807

Less: earnings distributed to participating securities
(279
)
 
(294
)
 
(874
)
 
(899
)
Less: undistributed earnings allocated to participating securities
(2,871
)
 
(1,645
)
 
(7,752
)
 
(2,837
)
Numerator for basic earnings per share
$
286,385

 
$
175,600

 
$
775,749

 
$
366,071

Add back: undistributed earnings allocated to participating securities
2,871

 
1,645

 
7,752

 
2,837

Less: undistributed earnings reallocated to participating securities
(2,859
)
 
(1,636
)
 
(7,724
)
 
(2,820
)
Numerator for diluted earnings per share
$
286,397

 
$
175,609

 
$
775,777

 
$
366,088

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Basic shares outstanding
283,489

 
298,538

 
285,127

 
309,453

Effect of dilutive securities
1,183

 
1,690

 
1,301

 
1,861

Diluted shares outstanding
284,672

 
300,228

 
286,428

 
311,314

 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
Basic
$
1.01

 
$
0.59

 
$
2.72

 
$
1.18

Diluted
$
1.01

 
$
0.58

 
$
2.71

 
$
1.18
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value The fair values of derivative instruments and their locations in the Condensed Consolidated Balance Sheets are summarized below ($000’s omitted): 
 
September 30, 2018
 
December 31, 2017
 
Other Assets
 
Accrued and Other Liabilities
 
Other Assets
 
Accrued and Other Liabilities
Interest rate lock commitments
$
10,536

 
$
1,275

 
$
5,990

 
$
407

Forward contracts
2,865

 
239

 
432

 
817

Whole loan commitments
943

 
326

 
794

 
941

 
$
14,344

 
$
1,840

 
$
7,216

 
$
2,165
XML 28 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
Inventory (Tables)
 9 Months Ended
Sep. 30, 2018
Inventory Disclosure [Abstract]  
Components of Inventory Major components of inventory were as follows ($000’s omitted): 
 
September 30,
2018
 
December 31,
2017
Homes under construction
$
2,992,687

 
$
2,421,405

Land under development
4,002,007

 
4,135,814

Raw land
494,760

 
589,911

 
$
7,489,454

 
$
7,147,130
Capitalized Interest Rollforward Information related to interest capitalized into inventory is as follows ($000’s omitted):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Interest in inventory, beginning of period
$
243,627

 
$
212,850

 
$
226,611

 
$
186,097

Interest capitalized
42,743

 
46,077

 
130,474

 
135,949

Interest expensed
(43,583
)
 
(36,381
)
 
(114,298
)
 
(99,500
)
Interest in inventory, end of period
$
242,787

 
$
222,546

 
$
242,787

 
$
222,546
Schedule Of Company Interests In Land Option Agreements The following provides a summary of our interests in land option agreements as of September 30, 2018 and December 31, 2017 ($000’s omitted): 
 
September 30, 2018
 
December 31, 2017
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
Land options with VIEs
$
85,173

 
$
1,167,087

 
$
78,889

 
$
977,480

Other land options
159,395

 
1,571,768

 
129,098

 
1,485,099

 
$
244,568

 
$
2,738,855

 
$
207,987

 
$
2,462,579
Schedule Of Impairment Losses We incurred the following land-related charges in the second quarter of 2017 ($000's omitted):
 
Statement of Operations Classification
 
 
 
 
 
Net realizable value adjustments ("NRV") - land held for sale
Land sale cost of revenues
 
$
81,006

Land inventory impairments
Home sale cost of revenues
 
31,487

Impairments of unconsolidated entities
Other expense, net
 
8,017

Write-offs of deposits and pre-acquisition costs
Other expense, net
 
5,063

Total land-related charges
 
 
$
125,573
Schedule of Fair Value Inputs The table below summarizes certain quantitative unobservable inputs utilized in determining the fair value of the assets for which the impairments were recorded in the second quarter of 2017:
 
Range
Average selling price ($000s)
 
$253
to
$461
Sales pace per quarter (units)
 
5
to
9
Discount rate
 
18%
to
25%
XML 29 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Components of Reportable Segments For reporting purposes, our Homebuilding operations are aggregated into six reportable segments:
Northeast:
 
Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia
Southeast:
 
Georgia, North Carolina, South Carolina, Tennessee
Florida:
 
Florida
Midwest:
 
Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio
Texas:
 
Texas
West:
 
Arizona, California, Nevada, New Mexico, Washington
Operating Data By Reporting Segment
 
Operating Data by Segment
($000’s omitted)
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Revenues:
 
 
 
 
 
 
 
Northeast
$
185,614

 
$
168,371

 
$
518,676

 
$
425,275

Southeast
451,600

 
393,905

 
1,271,730

 
1,104,149

Florida
506,670

 
338,078

 
1,311,016

 
1,015,795

Midwest
412,803

 
406,126

 
1,066,775

 
1,008,617

Texas
347,986

 
269,997

 
925,317

 
793,207

West
693,073

 
507,629

 
1,945,345

 
1,299,758

 
2,597,746

 
2,084,106

 
7,038,859

 
5,646,801

Financial Services
51,620

 
46,952

 
150,322

 
135,995

Consolidated revenues
$
2,649,366

 
$
2,131,058

 
$
7,189,181

 
$
5,782,796

 
 
 
 
 
 
 
 
Income (loss) before income taxes (a):
 
 
 
 
 
 
 
Northeast
$
18,938

 
$
21,046

 
$
53,408

 
$
(12,803
)
Southeast
51,920

 
45,109

 
146,735

 
117,749

Florida (b)
73,802

 
52,191

 
186,238

 
132,824

Midwest
52,438

 
59,636

 
123,889

 
115,463

Texas
55,382

 
42,727

 
136,777

 
122,045

West (c)
138,698

 
75,753

 
382,317

 
107,987

Other homebuilding (d)
(26,123
)
 
(45,999
)
 
(65,497
)
 
(103,441
)
 
365,055

 
250,463

 
963,867

 
479,824

Financial Services
19,633

 
17,786

 
54,182

 
50,238

Consolidated income before income taxes
$
384,688

 
$
268,249

 
$
1,018,049

 
$
530,062



(a)
Includes land-related charges, as summarized in the table below.
(b)
Florida includes a warranty charge of $12.3 million for the nine months ended September 30, 2017 related to a closed-out community (see Note 8).
(c)
West includes gains of $26.4 million related to two land sale transactions in California in the nine months ended September 30, 2018.
(d)
Other homebuilding includes the amortization of intangible assets and capitalized interest and other items not allocated to the operating segments. Other homebuilding also includes insurance reserve reversals of $37.9 million and $19.8 million for the nine months ended September 30, 2018 and 2017, respectively, and write-offs of $5.3 million and $20.3 million of insurance receivables associated with the resolution of certain insurance matters in the three and nine months ended September 30, 2017, respectively (see Note 8).
Total Assets And Inventory By Reporting Segment
 
Operating Data by Segment
 
($000's omitted)
 
September 30, 2018
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
339,103

 
$
256,014

 
$
84,066

 
$
679,183

 
$
809,194

Southeast
497,241

 
645,915

 
79,846

 
1,223,002

 
1,388,798

Florida
528,092

 
885,220

 
73,209

 
1,486,521

 
1,632,772

Midwest
366,559

 
426,349

 
27,375

 
820,283

 
904,671

Texas
333,250

 
424,500

 
88,376

 
846,126

 
917,529

West
871,553

 
1,093,490

 
121,685

 
2,086,728

 
2,280,912

Other homebuilding (a)
56,889

 
270,519

 
20,203

 
347,611

 
1,658,881

 
2,992,687

 
4,002,007

 
494,760

 
7,489,454

 
9,592,757

Financial Services
—

 
—

 
—

 
—

 
462,323

 
$
2,992,687

 
$
4,002,007

 
$
494,760

 
$
7,489,454

 
$
10,055,080

 
 
 
 
 
 
 
 
 
 
 
Operating Data by Segment
 
($000's omitted)
 
December 31, 2017
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
234,413

 
$
327,599

 
$
73,574

 
$
635,586

 
$
791,511

Southeast
433,411

 
613,626

 
121,238

 
1,168,275

 
1,287,992

Florida
359,651

 
876,856

 
109,069

 
1,345,576

 
1,481,837

Midwest
299,896

 
476,694

 
28,482

 
805,072

 
877,282

Texas
251,613

 
435,018

 
87,392

 
774,023

 
859,847

West
798,706

 
1,137,940

 
147,493

 
2,084,139

 
2,271,328

Other homebuilding (a)
43,715

 
268,081

 
22,663

 
334,459

 
1,469,234

 
2,421,405

 
4,135,814

 
589,911

 
7,147,130

 
9,039,031

Financial Services
—

 
—

 
—

 
—

 
647,618

 
$
2,421,405

 
$
4,135,814

 
$
589,911

 
$
7,147,130

 
$
9,686,649


 
(a)
Other homebuilding primarily includes cash and equivalents, capitalized interest, intangibles, deferred tax assets, and other corporate items that are not allocated to the operating segments.
XML 30 R20.htm IDEA: XBRL DOCUMENT v3.10.0.1
Debt (Tables)
 9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Schedule of Senior Notes Our senior notes are summarized as follows ($000’s omitted):
 
September 30,
2018
 
December 31,
2017
4.250% unsecured senior notes due March 2021 (a)
$
700,000

 
$
700,000

5.500% unsecured senior notes due March 2026 (a)
700,000

 
700,000

5.000% unsecured senior notes due January 2027 (a)
600,000

 
600,000

7.875% unsecured senior notes due June 2032 (a)
300,000

 
300,000

6.375% unsecured senior notes due May 2033 (a)
400,000

 
400,000

6.000% unsecured senior notes due February 2035 (a)
300,000

 
300,000

Net premiums, discounts, and issuance costs (b)
(13,200
)
 
(13,057
)
Total senior notes
2,986,800

 
2,986,943

Other notes payable
18,618

 
20,024

Notes payable
$
3,005,418

 
$
3,006,967

Estimated fair value
$
2,959,080

 
$
3,263,774



(a)
Redeemable prior to maturity; guaranteed on a senior basis by certain wholly-owned subsidiaries.
(b)
The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes.

XML 31 R21.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Disclosures Fair Value Disclosures (Tables)
 9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring and Nonrecurring Basis Our assets and liabilities measured or disclosed at fair value are summarized below ($000’s omitted): 
Financial Instrument
 
Fair Value
Hierarchy
 
Fair Value
September 30,
2018
 
December 31,
2017
 
 
 
 
 
 
 
Measured at fair value on a recurring basis:
 
 
 
 
 
 
Residential mortgage loans available-for-sale
 
Level 2
 
$
349,784

 
$
570,600

Interest rate lock commitments
 
Level 2
 
9,261

 
5,583

Forward contracts
 
Level 2
 
2,626

 
(385
)
Whole loan commitments
 
Level 2
 
617

 
(147
)
 
 
 
 
 
 
 
Measured at fair value on a non-recurring basis:
 
 
 
 
 
 
House and land inventory
 
Level 3
 
$
4,447

 
$
11,045

Land held for sale
 
Level 2
 
6,651

 
8,600

 
 
 
 
 
 
 
Disclosed at fair value:
 
 
 
 
 
 
Cash, cash equivalents, and restricted cash
 
Level 1
 
$
759,012

 
$
306,168

Financial Services debt
 
Level 2
 
250,733

 
437,804

Other notes payable
 
Level 2
 
18,618

 
20,024

Senior notes payable
 
Level 2
 
2,940,462

 
3,243,750
XML 32 R22.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Summary of Changes in Loan Origination Liability Our mortgage operations may be responsible for losses associated with mortgage loans originated and sold to investors in the event of errors or omissions relating to representations and warranties made by us that the loans met certain requirements, including representations as to underwriting standards, the existence of primary mortgage insurance, and the validity of certain borrower representations in connection with the loan. In addition, certain trustees and investors continue to attempt to collect damages based on losses from loans that originated prior to 2009. Some of our mortgage subsidiaries are currently defendants in litigation related to such claims.

Our recorded liabilities for all such claims totaled $34.4 million and $34.6 million at September 30, 2018 and December 31, 2017, respectively. Determining the liabilities for anticipated losses requires a significant level of management judgment. Given the nature of these claims and the uncertainty regarding their ultimate resolution, actual costs could differ from our current estimates.

Summary of Changes in Warranty Liability Changes to warranty liabilities were as follows ($000’s omitted):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Warranty liabilities, beginning of period
$
72,169

 
$
73,353

 
$
72,709

 
$
66,134

Reserves provided
18,376

 
12,286

 
46,022

 
35,374

Payments
(15,993
)
 
(14,679
)
 
(47,403
)
 
(43,594
)
Other adjustments (a)
638

 
265

 
3,862

 
13,311

Warranty liabilities, end of period
$
75,190

 
$
71,225

 
$
75,190

 
$
71,225



(a)
During the nine months ended September 30, 2017, we recognized a charge of $12.3 million related to estimated costs to complete repairs in a closed-out community in Florida.
Summary of Changes in Self-Insurance Liability Changes in these liabilities were as follows ($000's omitted):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Balance, beginning of period
$
725,482

 
$
814,756

 
$
758,812

 
$
831,058

Reserves provided, net
24,106

 
24,361

 
67,001

 
62,970

Adjustments to previously recorded reserves (a)
(5,065
)
 
(511
)
 
(40,133
)
 
(22,304
)
Payments, net (b)
(18,026
)
 
(13,981
)
 
(59,183
)
 
(47,099
)
Balance, end of period
$
726,497

 
$
824,625

 
$
726,497

 
$
824,625



(a)
Includes general liability reserve reversals of $37.9 million and $19.8 million for the nine months ended September 30, 2018 and September 30, 2017, respectively.
(b)
Includes net changes in amounts expected to be recovered from our insurance carriers, which are recorded in other assets (see below).
XML 33 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
Supplemental Guarantor Information (Tables)
 9 Months Ended
Sep. 30, 2018
Supplemental Guarantor Information [Abstract]  
Consolidating Balance Sheet CONDENSED CONSOLIDATING BALANCE SHEET
SEPTEMBER 30, 2018
($000’s omitted)
 
Unconsolidated
 
Eliminating
Entries
 
Consolidated
PulteGroup,
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
ASSETS
 
 
 
 
 
 
 
 
 
Cash and equivalents
$
—


$
674,271


$
54,360


$
—


$
728,631

Restricted cash
—


28,996


1,385


—


30,381

Total cash, cash equivalents, and
restricted cash
—


703,267


55,745


—


759,012

House and land inventory
—


7,392,748


96,706


—


7,489,454

Land held for sale
—


65,905


—


—


65,905

Residential mortgage loans available-
for-sale
—


—


349,784


—


349,784

Investments in unconsolidated entities
—


53,732


546


—


54,278

Other assets
24,202


601,877


171,897


—


797,976

Intangible assets



130,642


—


—


130,642

Deferred tax assets, net
415,836


—


(7,807
)

—


408,029

Investments in subsidiaries and
intercompany accounts, net
7,354,045


314,402


8,185,180


(15,853,627
)

—


$
7,794,083


$
9,262,573


$
8,852,051


$
(15,853,627
)

$
10,055,080

LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable, customer deposits,
accrued and other liabilities
$
68,081


$
1,746,660


$
244,986


$
—


$
2,059,727

Income tax liabilities
10,324


—


—


—


10,324

Financial Services debt
—


—


250,733


—


250,733

Notes payable
2,986,800


17,962


656


—


3,005,418

Total liabilities
3,065,205


1,764,622


496,375


—


5,326,202

Total shareholders’ equity
4,728,878


7,497,951


8,355,676


(15,853,627
)

4,728,878


$
7,794,083


$
9,262,573


$
8,852,051


$
(15,853,627
)

$
10,055,080


CONDENSED 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 Statement of Operations and Comprehensive Income (Loss) CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
For the three months ended September 30, 2018
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
2,535,930

 
$
36,306

 
$
—

 
$
2,572,236

Land sale and other revenues
—

 
25,266

 
244

 
—

 
25,510

 
—

 
2,561,196

 
36,550

 
—

 
2,597,746

Financial Services
—

 
—

 
51,620

 
—

 
51,620

 
—

 
2,561,196

 
88,170

 
—

 
2,649,366

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(1,928,365
)
 
(25,795
)
 
—

 
(1,954,160
)
Land sale cost of revenues
—

 
(22,060
)
 


 
—

 
(22,060
)
 
—

 
(1,950,425
)
 
(25,795
)
 
—

 
(1,976,220
)
Financial Services expenses
—

 
(130
)
 
(32,083
)
 
—

 
(32,213
)
Selling, general, and administrative
expenses
—

 
(245,776
)
 
(6,981
)
 
—

 
(252,757
)
Other income (expense), net
(120
)
 
(12,398
)
 
9,030

 
—

 
(3,488
)
Intercompany interest
(2,158
)
 


 
2,158

 
—

 
—

Income (loss) before income taxes and
equity in income (loss) of
subsidiaries
(2,278
)
 
352,467

 
34,499

 
—

 
384,688

Income tax (expense) benefit
609

 
(88,368
)
 
(7,394
)
 
—

 
(95,153
)
Income (loss) before equity in income
(loss) of subsidiaries
(1,669
)
 
264,099

 
27,105

 
—

 
289,535

Equity in income (loss) of subsidiaries
291,204

 
25,094

 
190,161

 
(506,459
)
 
—

Net income (loss)
289,535

 
289,193

 
217,266

 
(506,459
)
 
289,535

Other comprehensive income
25

 
—

 
—

 
—

 
25

Comprehensive income (loss)
$
289,560

 
$
289,193

 
$
217,266

 
$
(506,459
)
 
$
289,560


CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
For the three months ended September 30, 2017
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
2,032,391

 
$
23,500

 
$
—

 
$
2,055,891

Land sale and other revenues
—

 
27,954

 
261

 
—

 
28,215

 
—

 
2,060,345

 
23,761

 
—

 
2,084,106

Financial Services
—

 
—

 
46,952

 
—

 
46,952

 
—

 
2,060,345

 
70,713

 
—

 
2,131,058

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(1,545,712
)
 
(18,893
)
 
—

 
(1,564,605
)
Land sale cost of revenues
—

 
(24,896
)
 
(227
)
 
—

 
(25,123
)
 
—

 
(1,570,608
)
 
(19,120
)
 
—

 
(1,589,728
)
Financial Services expenses
—

 
(121
)
 
(29,183
)
 
—

 
(29,304
)
Selling, general, and administrative
expenses
—

 
(225,845
)
 
(11,650
)
 
—

 
(237,495
)
Other income (expense), net
(96
)
 
(12,670
)
 
6,484

 
—

 
(6,282
)
Intercompany interest
(756
)
 
—

 
756

 
—

 
—

Income (loss) before income taxes and
equity in income (loss) of
subsidiaries
(852
)
 
251,101

 
18,000

 
—

 
268,249

Income tax (expense) benefit
945

 
(84,666
)
 
(6,989
)
 
—

 
(90,710
)
Income before equity in income
of subsidiaries
93

 
166,435

 
11,011

 
—

 
177,539

Equity in income (loss) of subsidiaries
177,446

 
18,040

 
114,564

 
(310,050
)
 
—

Net income (loss)
177,539

 
184,475

 
125,575

 
(310,050
)
 
177,539

Other comprehensive income
20

 
—

 
—

 
—

 
20

Comprehensive income (loss)
$
177,559

 
$
184,475

 
$
125,575

 
$
(310,050
)
 
$
177,559
Consolidating Statement Of Cash Flows CONSOLIDATING STATEMENT OF CASH FLOWS
For the nine months ended September 30, 2018
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Net cash provided by (used in)
operating activities
$
347,335

 
$
389,110

 
$
278,535

 
$
—

 
$
1,014,980

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(40,483
)
 
(6,046
)
 
—

 
(46,529
)
Investments in unconsolidated entities
—

 
(1,000
)
 
—

 
—

 
(1,000
)
Other investing activities, net


 
11,299

 
4,246

 
—

 
15,545

Net cash provided by (used in)
investing activities
—

 
(30,184
)
 
(1,800
)
 
—

 
(31,984
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Financial Services borrowing (repayments), net


 
—

 
(187,071
)
 
—

 
(187,071
)
Repayments of debt
—

 
(81,757
)
 
(898
)
 
—

 
(82,655
)
Borrowings under revolving credit facility
1,566,000

 
—

 
—

 
—

 
1,566,000

Repayments under revolving credit facility
(1,566,000
)
 
—

 
—

 
—

 
(1,566,000
)
Debt issuance costs
(8,165
)
 
—

 
—

 
—

 
(8,165
)
Stock option exercises
5,462

 
—

 
—

 
—

 
5,462

Share repurchases
(179,439
)
 
—

 
—

 
—

 
(179,439
)
Dividends paid
(78,284
)
 
—

 
—

 
—

 
(78,284
)
Intercompany activities, net
(86,909
)
 
268,297

 
(181,388
)
 
—

 
—

Net cash provided by (used in)
financing activities
(347,335
)
 
186,540

 
(369,357
)
 
—

 
(530,152
)
Net increase (decrease) in cash, cash equivalents, and restricted cash
—

 
545,466

 
(92,622
)
 
—

 
452,844

Cash, cash equivalents, and restricted cash
at beginning of year
—

 
157,801

 
148,367

 
—

 
306,168

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

 
$
703,267

 
$
55,745

 
$
—

 
$
759,012



CONSOLIDATING STATEMENT OF CASH FLOWS
For the nine months ended September 30, 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
$
58,575

 
$
43,042

 
$
150,862

 
$
—

 
$
252,479

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(19,693
)
 
(3,855
)
 
—

 
(23,548
)
Investments in unconsolidated entities
—

 
(22,007
)
 
—

 
—

 
(22,007
)
Other investing activities, net
—

 
5,728

 
60

 
—

 
5,788

Net cash provided by (used in)
investing activities
—

 
(35,972
)
 
(3,795
)
 
—

 
(39,767
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Financial Services borrowings (repayments), net
—

 
—

 
(85,797
)
 
—

 
(85,797
)
Repayments of debt
—

 
(6,031
)
 
(970
)
 
—

 
(7,001
)
Borrowings under revolving credit facility
971,000

 
—

 
—

 
—

 
971,000

Repayments under revolving credit facility
(888,000
)
 
—

 
—

 
—

 
(888,000
)
Stock option exercises
22,765

 
—

 
—

 
—

 
22,765

Share repurchases
(665,812
)
 
—

 
—

 
—

 
(665,812
)
Dividends paid
(86,018
)
 
—

 
—

 
—

 
(86,018
)
Intercompany activities, net
587,490

 
(470,052
)
 
(117,438
)
 
—

 
—

Net cash provided by (used in)
financing activities
(58,575
)
 
(476,083
)
 
(204,205
)
 
—

 
(738,863
)
Net increase decrease in cash, cash equivalents, and restricted cash
—

 
(469,013
)
 
(57,138
)
 
—

 
(526,151
)
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
$
—

 
$
142,172

 
$
54,925

 
$
—

 
$
197,097
XML 34 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
Basis of Presentation (Other Expense (Income), Net) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Jun. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Accounting Policies [Abstract]          
Write-offs of deposits and pre-acquisition costs $ (3,136) $ (2,680) $ (5,063) $ (7,398) $ (9,397)
Amortization of intangible assets (3,450) (3,450)   (10,350) (10,350)
Interest income 1,842 485   3,240 1,917
Interest expense (152) (101)   (460) (371)
Equity in earnings (loss) of unconsolidated entities 886 415   2,112 (4,154)
Miscellaneous, net 522 (951)   6,103 (6,084)
Total other expense, net $ (3,488) $ (6,282)   $ (6,753) (28,439)
Impairments of unconsolidated entities     $ 8,017   $ 8,000
XML 35 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
Basis of Presentation (Narrative) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jan. 01, 2018
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]            
Customer deposits   $ 342,376   $ 342,376   $ 250,779
Gain (loss) on land sale gains, net   28,900        
contract asset insurance renewals $ 27,700 30,400   30,400    
Residential mortgage loans available-for-sale fair value   349,784   349,784   570,600
Residential mortgage loans available-for-sale aggregate outstanding principal balance   341,800   341,800   553,500
Changes in fair value, gain (loss)   (700) $ 700 (1,000) $ (3,400)  
Net gains from the sale of mortgages   27,800 $ 27,100 $ 83,900 80,100  
Variability in future cash flows of derivative instruments in days       60 days    
Cumulative effect of accounting change (see Note 1)       $ 22,411 18,237  
Interest rate lock commitments            
Finite-Lived Intangible Assets [Line Items]            
Derivative, notional amount   434,900   434,900   210,900
Forward contracts            
Finite-Lived Intangible Assets [Line Items]            
Derivative, notional amount   579,000   579,000   522,000
Whole loan commitments            
Finite-Lived Intangible Assets [Line Items]            
Derivative, notional amount   $ 171,400   $ 171,400   $ 203,100
Retained Earnings            
Finite-Lived Intangible Assets [Line Items]            
Cumulative effect of accounting change (see Note 1) $ 22,411       $ 18,643  
XML 36 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Basis of Presentation (Earnings per share) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Numerator:        
Net income $ 289,535 $ 177,539 $ 784,375 $ 369,807
Less: earnings distributed to participating securities (279) (294) (874) (899)
Less: undistributed earnings allocated to participating securities (2,871) (1,645) (7,752) (2,837)
Numerator for basic earnings per share 286,385 175,600 775,749 366,071
Add back: undistributed earnings allocated to participating securities 2,871 1,645 7,752 2,837
Less: undistributed earnings reallocated to participating securities (2,859) (1,636) (7,724) (2,820)
Numerator for diluted earnings per share $ 286,397 $ 175,609 $ 775,777 $ 366,088
Denominator:        
Basic shares outstanding (shares) 283,489 298,538 285,127 309,453
Effect of dilutive securities (shares) 1,183 1,690 1,301 1,861
Diluted shares outstanding (shares) 284,672 300,228 286,428 311,314
Earnings per share:        
Basic earnings (usd per share) $ 1.01 $ 0.59 $ 2.72 $ 1.18
Diluted earnings (usd per share) $ 1.01 $ 0.58 $ 2.71 $ 1.18
XML 37 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
Basis of Presentation (Fair Value Of the Company's Derivative Instruments) (Details) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Other Assets $ 14,344 $ 7,216
Accrued and Other Liabilities 1,840 2,165
Interest rate lock commitments    
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Other Assets 10,536 5,990
Accrued and Other Liabilities 1,275 407
Forward contracts    
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Other Assets 2,865 432
Accrued and Other Liabilities 239 817
Whole loan commitments    
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Other Assets 943 794
Accrued and Other Liabilities $ 326 $ 941
XML 38 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
Inventory (Major Components Of Inventory) (Details) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Inventory Disclosure [Abstract]    
Homes under construction $ 2,992,687 $ 2,421,405
Land under development 4,002,007 4,135,814
Raw land 494,760 589,911
Total Inventory $ 7,489,454 $ 7,147,130
XML 39 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
Inventory (Information Related To Interest Capitalized Into Homebuilding Inventory) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]        
Interest in inventory, beginning of period $ 243,627 $ 212,850 $ 226,611 $ 186,097
Interest capitalized 42,743 46,077 130,474 135,949
Interest expensed (43,583) (36,381) (114,298) (99,500)
Interest in inventory, end of period $ 242,787 $ 222,546 $ 242,787 $ 222,546
XML 40 R30.htm IDEA: XBRL DOCUMENT v3.10.0.1
Inventory (Summary of Interests in Land Option Agreements) (Details) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Variable Interest Entity [Line Items]    
Deposits and Pre-acquisition Costs $ 244,568 $ 207,987
Remaining Purchase Price 2,738,855 2,462,579
Land options with VIEs    
Variable Interest Entity [Line Items]    
Deposits and Pre-acquisition Costs 85,173 78,889
Remaining Purchase Price 1,167,087 977,480
Other land options    
Variable Interest Entity [Line Items]    
Deposits and Pre-acquisition Costs 159,395 129,098
Remaining Purchase Price $ 1,571,768 $ 1,485,099
XML 41 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Inventory Inventory (Summary of Land-related Charges) (Details) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Jun. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Inventory Disclosure [Abstract]          
Net realizable value adjustments (NRV) - land held for sale     $ 81,006    
Land inventory impairments     31,487 $ 13,973 $ 131,254
Impairments of unconsolidated entities     8,017   8,000
Write-offs of deposits and pre-acquisition costs $ 3,136 $ 2,680 5,063 7,398 9,397
Total land-related charges $ 8,133 $ 2,146 $ 125,573 $ 13,973 $ 131,254
XML 42 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
Inventory - Narrative (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
May 03, 2017
community
lot
Jun. 30, 2017
USD ($)
Sep. 30, 2018
USD ($)
Sep. 30, 2017
USD ($)
Inventory Disclosure [Abstract]        
Number of communities tested for impairment | community 17      
Number of units in real estate property | lot 4,600      
Net realizable value adjustments (NRV) - land held for sale   $ 81,006    
Carrying amount impaired land - prior impairment       $ 151,000
Number of communities | community 2      
Land inventory impairments   $ 31,487 $ 13,973 $ 131,254
XML 43 R33.htm IDEA: XBRL DOCUMENT v3.10.0.1
Inventory - Inventory Fair Value Unobservable Inputs (Details)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
USD ($)
home
community
Minimum  
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31)  
Average selling price ($000s) $ 253
Sales pace per quarter (units) | community 5
Maximum  
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31)  
Average selling price ($000s) $ 461
Sales pace per quarter (units) | home 9
Measurement Input, Discount Rate | Minimum  
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31)  
Discount rate 18.00%
Measurement Input, Discount Rate | Maximum  
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31)  
Discount rate 25.00%
XML 44 R34.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information Narrative (Details)
 9 Months Ended
Sep. 30, 2018
segment
Segment Reporting [Abstract]  
Number of reportable segments 6
XML 45 R35.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information (Operating Data By Segment) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 2,649,366 $ 2,131,058 $ 7,189,181 $ 5,782,796
Income before Income Taxes:        
Income before income taxes $ 384,688 268,249 1,018,049 530,062
West area gains on land sale transactions     (26,400)  
Number of land sales two      
Adjustment to self insurance reserves     37,900 19,800
Write-off of insurance receivables   5,300   20,300
Northeast        
Income before Income Taxes:        
Income before income taxes $ 18,938 21,046 53,408 (12,803)
Southeast        
Income before Income Taxes:        
Income before income taxes 51,920 45,109 146,735 117,749
Florida        
Income before Income Taxes:        
Income before income taxes 73,802 52,191 186,238 132,824
Product warranty expense       (12,300)
Midwest        
Income before Income Taxes:        
Income before income taxes 52,438 59,636 123,889 115,463
Texas        
Income before Income Taxes:        
Income before income taxes 55,382 42,727 136,777 122,045
West        
Income before Income Taxes:        
Income before income taxes 138,698 75,753 382,317 107,987
Other homebuilding        
Income before Income Taxes:        
Income before income taxes (26,123) (45,999) (65,497) (103,441)
Home sales        
Income before Income Taxes:        
Income before income taxes 365,055 250,463 963,867 479,824
Financial Services        
Income before Income Taxes:        
Income before income taxes 19,633 17,786 54,182 50,238
Total Homebuilding        
Revenues:        
Total revenues 2,597,746 2,084,106 7,038,859 5,646,801
Total Homebuilding | Northeast        
Revenues:        
Total revenues 185,614 168,371 518,676 425,275
Total Homebuilding | Southeast        
Revenues:        
Total revenues 451,600 393,905 1,271,730 1,104,149
Total Homebuilding | Florida        
Revenues:        
Total revenues 506,670 338,078 1,311,016 1,015,795
Total Homebuilding | Midwest        
Revenues:        
Total revenues 412,803 406,126 1,066,775 1,008,617
Total Homebuilding | Texas        
Revenues:        
Total revenues 347,986 269,997 925,317 793,207
Total Homebuilding | West        
Revenues:        
Total revenues 693,073 507,629 1,945,345 1,299,758
Financial Services        
Revenues:        
Total revenues $ 51,620 $ 46,952 $ 150,322 $ 135,995
XML 46 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information Segment Information (Land-Related Charges by Segment) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Jun. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Restructuring Cost and Reserve [Line Items]          
Production Related Impairments or Charges $ 8,133 $ 2,146 $ 125,573 $ 13,973 $ 131,254
Northeast          
Restructuring Cost and Reserve [Line Items]          
Production Related Impairments or Charges 1,385 1,184   3,068 51,102
Southeast          
Restructuring Cost and Reserve [Line Items]          
Production Related Impairments or Charges 663 889   2,394 1,847
Florida          
Restructuring Cost and Reserve [Line Items]          
Production Related Impairments or Charges 262 109   671 8,862
Midwest          
Restructuring Cost and Reserve [Line Items]          
Production Related Impairments or Charges 4,960 (393)   6,078 7,703
Texas          
Restructuring Cost and Reserve [Line Items]          
Production Related Impairments or Charges 47 51   317 898
West          
Restructuring Cost and Reserve [Line Items]          
Production Related Impairments or Charges 425 306   786 56,747
Other homebuilding          
Restructuring Cost and Reserve [Line Items]          
Production Related Impairments or Charges $ 391 $ 0   $ 659 $ 4,095
XML 47 R37.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information (Total Assets And Inventory By Reportable Segment) (Details) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Segment Reporting Information    
Homes under construction $ 2,992,687 $ 2,421,405
Land under development 4,002,007 4,135,814
Raw land 494,760 589,911
Total Inventory 7,489,454 7,147,130
Total Assets 10,055,080 9,686,649
Northeast    
Segment Reporting Information    
Homes under construction 339,103 234,413
Land under development 256,014 327,599
Raw land 84,066 73,574
Total Inventory 679,183 635,586
Total Assets 809,194 791,511
Southeast    
Segment Reporting Information    
Homes under construction 497,241 433,411
Land under development 645,915 613,626
Raw land 79,846 121,238
Total Inventory 1,223,002 1,168,275
Total Assets 1,388,798 1,287,992
Florida    
Segment Reporting Information    
Homes under construction 528,092 359,651
Land under development 885,220 876,856
Raw land 73,209 109,069
Total Inventory 1,486,521 1,345,576
Total Assets 1,632,772 1,481,837
Midwest    
Segment Reporting Information    
Homes under construction 366,559 299,896
Land under development 426,349 476,694
Raw land 27,375 28,482
Total Inventory 820,283 805,072
Total Assets 904,671 877,282
Texas    
Segment Reporting Information    
Homes under construction 333,250 251,613
Land under development 424,500 435,018
Raw land 88,376 87,392
Total Inventory 846,126 774,023
Total Assets 917,529 859,847
West    
Segment Reporting Information    
Homes under construction 871,553 798,706
Land under development 1,093,490 1,137,940
Raw land 121,685 147,493
Total Inventory 2,086,728 2,084,139
Total Assets 2,280,912 2,271,328
Other homebuilding    
Segment Reporting Information    
Homes under construction 56,889 43,715
Land under development 270,519 268,081
Raw land 20,203 22,663
Total Inventory 347,611 334,459
Total Assets 1,658,881 1,469,234
Home sales    
Segment Reporting Information    
Homes under construction 2,992,687 2,421,405
Land under development 4,002,007 4,135,814
Raw land 494,760 589,911
Total Inventory 7,489,454 7,147,130
Total Assets 9,592,757 9,039,031
Financial Services    
Segment Reporting Information    
Homes under construction 0 0
Land under development 0 0
Raw land 0 0
Total Inventory 0 0
Total Assets $ 462,323 $ 647,618
XML 48 R38.htm IDEA: XBRL DOCUMENT v3.10.0.1
Debt (Summary of Senior Notes) (Details) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Debt Instrument [Line Items]    
Net premiums, discounts, and issuance costs (b) $ (13,200) $ (13,057)
Total senior notes 2,986,800 2,986,943
Other notes payable 18,618 20,024
Notes payable 3,005,418 3,006,967
Estimated fair value $ 2,959,080 $ 3,263,774
4.250% unsecured senior notes due March 2021 | Senior Notes    
Debt Instrument [Line Items]    
Stated interest rate 4.25% 4.25%
Face amount $ 700,000 $ 700,000
5.500% unsecured senior notes due March 2026 | Senior Notes    
Debt Instrument [Line Items]    
Stated interest rate 5.50% 5.50%
Face amount $ 700,000 $ 700,000
5.000% unsecured senior notes due January 2027 | Senior Notes    
Debt Instrument [Line Items]    
Stated interest rate 5.00% 5.00%
Face amount $ 600,000 $ 600,000
7.875% unsecured senior notes due June 2032 | Senior Notes    
Debt Instrument [Line Items]    
Stated interest rate 7.875% 7.875%
Face amount $ 300,000 $ 300,000
6.375% unsecured senior notes due May 2033 | Senior Notes    
Debt Instrument [Line Items]    
Stated interest rate 6.375% 6.375%
Face amount $ 400,000 $ 400,000
6.000% unsecured senior notes due February 2035 | Senior Notes    
Debt Instrument [Line Items]    
Stated interest rate 6.00% 6.00%
Face amount $ 300,000 $ 300,000
XML 49 R39.htm IDEA: XBRL DOCUMENT v3.10.0.1
Debt (Narrative) (Details) - USD ($)
 9 Months Ended
Sep. 30, 2018
Dec. 31, 2017
Oct. 13, 2017
Debt Instrument [Line Items]      
Other notes payable $ 18,618,000 $ 20,024,000  
Debt instrument term 3 years    
Letters of credit outstanding $ 219,600,000 235,500,000  
Line of credit facility, remaining borrowing capacity 780,400,000 764,500,000  
Joint venture debt total 49,500,000    
Joint venture debt company proportionate share total 49,400,000    
Long-term line of credit $ 250,733,000 437,804,000  
Maximum      
Debt Instrument [Line Items]      
Stated interest rate 8.01%    
Unconsolidated Joint Ventures      
Debt Instrument [Line Items]      
Equity method investment, ownership percentage 50.00%    
Revolving Credit Facility Accordion Feature      
Debt Instrument [Line Items]      
Maximum borrowing capacity $ 1,500,000,000   $ 1,000,000,000.0
Revolving Credit Facility      
Debt Instrument [Line Items]      
Maximum additional issuance 500,000,000.0    
Line of credit, current 0 0  
Line of Credit | Financial Services      
Debt Instrument [Line Items]      
Long-term line of credit 250,700,000 $ 437,800,000  
Amendment Effective September 24, 2018 through and including December 25, 2018 | Line of Credit | Financial Services      
Debt Instrument [Line Items]      
Maximum borrowing capacity 400,000,000.0    
Amendment Effective December 26, 2018 through and including January 14, 2019 | Line of Credit | Financial Services      
Debt Instrument [Line Items]      
Maximum borrowing capacity 520,000,000.0    
Amendment Effective January 15, 2019 through and including March 24, 2019 | Line of Credit | Financial Services      
Debt Instrument [Line Items]      
Maximum borrowing capacity 240,000,000.0    
Amendment Effective March 25, 2019 through August 2, 2019 | Line of Credit | Financial Services      
Debt Instrument [Line Items]      
Maximum borrowing capacity $ 400,000,000.0    
XML 50 R40.htm IDEA: XBRL DOCUMENT v3.10.0.1
Shareholders' Equity (Narrative) (Details) - USD ($)
$ in Thousands, shares in Millions
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Class of Stock [Line Items]    
Dividends $ 77,673 $ 83,685
Payments for repurchase of common stock $ 179,439 $ 665,812
Share repurchase plan    
Class of Stock [Line Items]    
Share repurchases (shares) 5.8 27.8
Payments for repurchase of common stock $ 172,100 $ 659,800
Remaining value of stock repurchase programs authorization 422,400  
Shares withheld to pay taxes    
Class of Stock [Line Items]    
Payments for repurchase of common stock $ 7,400 $ 6,000
XML 51 R41.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Taxes (Narrative) (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Income Tax Disclosure [Abstract]          
Effective income tax 24.70% 33.80% 23.00% 30.20%  
Deferred tax assets, net $ 408.0   $ 408.0   $ 645.3
Gross unrecognized tax benefits 20.7   20.7   48.6
Accrued interest and penalties on unrecognized tax benefits 5.4   5.4   $ 4.9
Possible decrease in unrecognized tax benefits $ 12.0   $ 12.0    
XML 52 R42.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Disclosures (Details) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Disclosed at fair value:    
Other notes payable $ 18,618 $ 20,024
Level 2    
Disclosed at fair value:    
Financial Services debt 250,733 437,804
Senior notes payable 2,940,462 3,243,750
Level 1    
Disclosed at fair value:    
Cash, cash equivalents, and restricted cash 759,012 306,168
Land held for sale | Fair Value, Measurements, Nonrecurring | Level 2    
Measured at fair value on a non-recurring basis:    
Assets, Fair Value Disclosure 6,651 8,600
House and land inventory | Fair Value, Measurements, Nonrecurring | Level 3    
Measured at fair value on a non-recurring basis:    
Assets, Fair Value Disclosure 4,447 11,045
Residential Mortgage | Fair Value, Measurements, Recurring | Level 2    
Measured at fair value on a non-recurring basis:    
Assets, Fair Value Disclosure 349,784 570,600
Interest rate lock commitments | Fair Value, Measurements, Recurring | Level 2    
Measured at fair value on a non-recurring basis:    
Assets, Fair Value Disclosure 9,261 5,583
Forward contracts | Fair Value, Measurements, Recurring | Level 2    
Measured at fair value on a recurring basis:    
Financial and Nonfinancial Liabilities, Fair Value Disclosure (2,626) 385
Whole loan commitments | Fair Value, Measurements, Recurring | Level 2    
Measured at fair value on a recurring basis:    
Financial and Nonfinancial Liabilities, Fair Value Disclosure   $ (147)
Measured at fair value on a non-recurring basis:    
Assets, Fair Value Disclosure $ 617  
XML 53 R43.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Disclosures Narrative (Details) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Fair Value Disclosures [Abstract]    
Total senior notes $ 2,986,800 $ 2,986,943
XML 54 R44.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments and Contingencies (Changes To Anticipated Loan Losses) (Details) - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]    
Loss Contingency Accrual $ 34.4 $ 34.6
XML 55 R45.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments and Contingencies (Narrative) (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2017
USD ($)
Sep. 30, 2018
USD ($)
claim
Sep. 30, 2017
USD ($)
Jun. 30, 2018
USD ($)
Dec. 31, 2017
USD ($)
Jun. 30, 2017
USD ($)
Dec. 31, 2016
USD ($)
Loss Contingencies [Line Items]              
Letters of credit outstanding   $ 219,600     $ 235,500    
Surety bonds outstanding   $ 1,200,000     1,200,000    
Maximum product warranty in years   10 years          
Number of individual claims managed | claim   1,000          
Self-insurance liabilities $ 824,625 $ 726,497 $ 824,625 $ 725,482 $ 758,812 $ 814,756 $ 831,058
Incurred but not reported percentage of liability reserves   62.00%     65.00%    
Adjustment to self insurance reserves   $ 37,900 19,800        
Write-off of insurance receivables $ 5,300   $ 20,300        
Litigation of recorded insurance receivable   21,500          
Other Assets              
Loss Contingencies [Line Items]              
Recorded insurance receivables   $ 151,200     $ 213,400    
XML 56 R46.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments and Contingencies (Changes To Warranty Liability) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Movement in Standard Product Warranty Accrual [Roll Forward]        
Warranty liabilities, beginning of period $ 72,169 $ 73,353 $ 72,709 $ 66,134
Reserves provided 18,376 12,286 46,022 35,374
Payments (15,993) (14,679) (47,403) (43,594)
Other adjustments (a) 638 265 3,862 13,311
Warranty liabilities, end of period $ 75,190 $ 71,225 $ 75,190 71,225
Florida        
Movement in Standard Product Warranty Accrual [Roll Forward]        
Product warranty expense       $ 12,300
XML 57 R47.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments and Contingencies (Changes in Self-insurance Liability) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Changes in Self-insurance Liability [Roll Forward]        
Balance, beginning of period $ 725,482 $ 814,756 $ 758,812 $ 831,058
Reserves provided, net 24,106 24,361 67,001 62,970
Adjustments to previously recorded reserves (a) (5,065) (511) (40,133) (22,304)
Payments, net (b) (18,026) (13,981) (59,183) (47,099)
Balance, end of period $ 726,497 $ 824,625 726,497 824,625
Adjustment to self insurance reserves     $ 37,900 $ 19,800
XML 58 R48.htm IDEA: XBRL DOCUMENT v3.10.0.1
Supplemental Guarantor Information (Balance Sheet) (Details) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Sep. 30, 2017
Dec. 31, 2016
ASSETS        
Cash and equivalents $ 728,631 $ 272,683    
Restricted cash 30,381 33,485    
House and land inventory 7,489,454 7,147,130    
Land held for sale 65,905 68,384    
Residential mortgage loans available-for-sale 349,784 570,600    
Investments in unconsolidated entities 54,278 62,957    
Other assets 797,976 745,123    
Intangible assets 130,642 140,992    
Deferred tax assets, net 408,029 645,295    
Investments in subsidiaries and intercompany accounts, net 0 0    
Total assets 10,055,080 9,686,649    
Liabilities:        
Accounts payable, customer deposits, accrued and other liabilities 2,059,727 2,000,927    
Income tax liabilities 10,324 86,925    
Financial Services debt 250,733 437,804    
Notes payable 3,005,418 3,006,967    
Total liabilities 5,326,202 5,532,623    
Total shareholders’ equity 4,728,878 4,154,026 $ 4,345,085 $ 4,659,363
Total liabilities and shareholders' equity 10,055,080 9,686,649    
Eliminating Entries        
ASSETS        
Cash and equivalents 0 0    
Restricted cash 0 0    
House and land inventory 0 0    
Land held for sale 0 0    
Residential mortgage loans available-for-sale 0 0    
Investments in unconsolidated entities 0 0    
Other assets 0 0    
Intangible assets 0 0    
Deferred tax assets, net 0 0    
Investments in subsidiaries and intercompany accounts, net (15,853,627) (14,246,748)    
Total assets (15,853,627) (14,246,748)    
Liabilities:        
Accounts payable, customer deposits, accrued and other liabilities 0 0    
Income tax liabilities 0 0    
Financial Services debt 0 0    
Notes payable 0 0    
Total liabilities 0 0    
Total shareholders’ equity (15,853,627) (14,246,748)    
Total liabilities and shareholders' equity (15,853,627) (14,246,748)    
PulteGroup, Inc.        
ASSETS        
Cash and equivalents 0 0    
Restricted cash 0 0    
House and land inventory 0 0    
Land held for sale 0 0    
Residential mortgage loans available-for-sale 0 0    
Investments in unconsolidated entities 0 0    
Other assets 24,202 9,417    
Intangible assets 0    
Deferred tax assets, net 415,836 646,227    
Investments in subsidiaries and intercompany accounts, net 7,354,045 6,661,638    
Total assets 7,794,083 7,317,282    
Liabilities:        
Accounts payable, customer deposits, accrued and other liabilities 68,081 89,388    
Income tax liabilities 10,324 86,925    
Financial Services debt 0 0    
Notes payable 2,986,800 2,986,943    
Total liabilities 3,065,205 3,163,256    
Total shareholders’ equity 4,728,878 4,154,026    
Total liabilities and shareholders' equity 7,794,083 7,317,282    
Guarantor Subsidiaries        
ASSETS        
Cash and equivalents 674,271 125,462    
Restricted cash 28,996 32,339    
House and land inventory 7,392,748 7,053,087    
Land held for sale 65,905 68,384    
Residential mortgage loans available-for-sale 0 0    
Investments in unconsolidated entities 53,732 62,415    
Other assets 601,877 592,045    
Intangible assets 130,642 140,992    
Deferred tax assets, net 0 0    
Investments in subsidiaries and intercompany accounts, net 314,402 284,983    
Total assets 9,262,573 8,359,707    
Liabilities:        
Accounts payable, customer deposits, accrued and other liabilities 1,746,660 1,636,913    
Income tax liabilities 0 0    
Financial Services debt 0 0    
Notes payable 17,962 16,911    
Total liabilities 1,764,622 1,653,824    
Total shareholders’ equity 7,497,951 6,705,883    
Total liabilities and shareholders' equity 9,262,573 8,359,707    
Non-Guarantor Subsidiaries        
ASSETS        
Cash and equivalents 54,360 147,221    
Restricted cash 1,385 1,146    
House and land inventory 96,706 94,043    
Land held for sale 0 0    
Residential mortgage loans available-for-sale 349,784 570,600    
Investments in unconsolidated entities 546 542    
Other assets 171,897 143,661    
Intangible assets 0 0    
Deferred tax assets, net (7,807) (932)    
Investments in subsidiaries and intercompany accounts, net 8,185,180 7,300,127    
Total assets 8,852,051 8,256,408    
Liabilities:        
Accounts payable, customer deposits, accrued and other liabilities 244,986 274,626    
Income tax liabilities 0 0    
Financial Services debt 250,733 437,804    
Notes payable 656 3,113    
Total liabilities 496,375 715,543    
Total shareholders’ equity 8,355,676 7,540,865    
Total liabilities and shareholders' equity $ 8,852,051 $ 8,256,408    
XML 59 R49.htm IDEA: XBRL DOCUMENT v3.10.0.1
Supplemental Guarantor Information (Statement of Operations and Comprehensive Income (Loss)) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Homebuilding        
Total revenues $ 2,649,366 $ 2,131,058 $ 7,189,181 $ 5,782,796
Homebuilding Cost of Revenues:        
Selling, general, and administrative expenses (252,757) (237,495) (719,706) (689,974)
Other income (expense), net (3,488) (6,282) (6,753) (28,439)
Intercompany interest 0 0 0 0
Income (loss) before income taxes and equity in income (loss) of subsidiaries 384,688 268,249 1,018,049 530,062
Income tax (expense) benefit (95,153) (90,710) (233,674) (160,255)
Income (loss) before equity in income (loss) of subsidiaries 289,535 177,539 784,375 369,807
Equity in income (loss) of subsidiaries 0 0 0 0
Net income 289,535 177,539 784,375 369,807
Other comprehensive income 25 20 75 61
Comprehensive income (loss) 289,560 177,559 784,450 369,868
Eliminating Entries        
Homebuilding        
Total revenues 0 0 0 0
Homebuilding Cost of Revenues:        
Selling, general, and administrative expenses 0 0 0 0
Other income (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 (506,459) (310,050) (1,410,346) (604,219)
Net income (506,459) (310,050) (1,410,346) (604,219)
Other comprehensive income 0 0 0 0
Comprehensive income (loss) (506,459) (310,050) (1,410,346) (604,219)
PulteGroup, Inc.        
Homebuilding        
Total revenues 0 0 0 0
Homebuilding Cost of Revenues:        
Selling, general, and administrative expenses 0 0 0 0
Other income (expense), net (120) (96) (458) (354)
Intercompany interest (2,158) (756) (5,710) (1,634)
Income (loss) before income taxes and equity in income (loss) of subsidiaries (2,278) (852) (6,168) (1,988)
Income tax (expense) benefit 609 945 1,543 1,377
Income (loss) before equity in income (loss) of subsidiaries (1,669) 93 (4,625) (611)
Equity in income (loss) of subsidiaries 291,204 177,446 789,000 370,418
Net income 289,535 177,539 784,375 369,807
Other comprehensive income 25 20 75 61
Comprehensive income (loss) 289,560 177,559 784,450 369,868
Guarantor Subsidiaries        
Homebuilding        
Total revenues 2,561,196 2,060,345 6,955,673 5,591,617
Homebuilding Cost of Revenues:        
Selling, general, and administrative expenses (245,776) (225,845) (699,311) (653,930)
Other income (expense), net (12,398) (12,670) (33,436) (49,436)
Intercompany interest 0 0 0
Income (loss) before income taxes and equity in income (loss) of subsidiaries 352,467 251,101 937,339 485,214
Income tax (expense) benefit (88,368) (84,666) (213,876) (143,324)
Income (loss) before equity in income (loss) of subsidiaries 264,099 166,435 723,463 341,890
Equity in income (loss) of subsidiaries 25,094 18,040 62,162 36,307
Net income 289,193 184,475 785,625 378,197
Other comprehensive income 0 0 0 0
Comprehensive income (loss) 289,193 184,475 785,625 378,197
Non-Guarantor Subsidiaries        
Homebuilding        
Total revenues 88,170 70,713 233,508 191,179
Homebuilding Cost of Revenues:        
Selling, general, and administrative expenses (6,981) (11,650) (20,395) (36,044)
Other income (expense), net 9,030 6,484 27,141 21,351
Intercompany interest 2,158 756 5,710 1,634
Income (loss) before income taxes and equity in income (loss) of subsidiaries 34,499 18,000 86,878 46,836
Income tax (expense) benefit (7,394) (6,989) (21,341) (18,308)
Income (loss) before equity in income (loss) of subsidiaries 27,105 11,011 65,537 28,528
Equity in income (loss) of subsidiaries 190,161 114,564 559,184 197,494
Net income 217,266 125,575 624,721 226,022
Other comprehensive income 0 0 0 0
Comprehensive income (loss) 217,266 125,575 624,721 226,022
Total Homebuilding        
Homebuilding        
Revenues 2,597,746 2,084,106 7,038,859 5,646,801
Homebuilding Cost of Revenues:        
Cost of revenues (1,976,220) (1,589,728) (5,348,023) (4,448,171)
Total Homebuilding | Eliminating Entries        
Homebuilding        
Revenues 0 0 0 0
Homebuilding Cost of Revenues:        
Cost of revenues 0 0 0 0
Total Homebuilding | PulteGroup, Inc.        
Homebuilding        
Revenues 0 0 0 0
Homebuilding Cost of Revenues:        
Cost of revenues 0 0 0 0
Total Homebuilding | Guarantor Subsidiaries        
Homebuilding        
Revenues 2,561,196 2,060,345 6,955,673 5,591,617
Homebuilding Cost of Revenues:        
Cost of revenues (1,950,425) (1,570,608) (5,285,182) (4,402,653)
Total Homebuilding | Non-Guarantor Subsidiaries        
Homebuilding        
Revenues 36,550 23,761 83,186 55,184
Homebuilding Cost of Revenues:        
Cost of revenues (25,795) (19,120) (62,841) (45,518)
Home sales        
Homebuilding        
Revenues 2,572,236 2,055,891 6,933,888 5,606,953
Homebuilding Cost of Revenues:        
Cost of revenues (1,954,160) (1,564,605) (5,276,232) (4,332,221)
Home sales | Eliminating Entries        
Homebuilding        
Revenues 0 0 0 0
Homebuilding Cost of Revenues:        
Cost of revenues 0 0 0 0
Home sales | PulteGroup, Inc.        
Homebuilding        
Revenues 0 0 0 0
Homebuilding Cost of Revenues:        
Cost of revenues 0 0 0 0
Home sales | Guarantor Subsidiaries        
Homebuilding        
Revenues 2,535,930 2,032,391 6,852,430 5,554,349
Homebuilding Cost of Revenues:        
Cost of revenues (1,928,365) (1,545,712) (5,214,408) (4,288,754)
Home sales | Non-Guarantor Subsidiaries        
Homebuilding        
Revenues 36,306 23,500 81,458 52,604
Homebuilding Cost of Revenues:        
Cost of revenues (25,795) (18,893) (61,824) (43,467)
Land sale and other        
Homebuilding        
Revenues 25,510 28,215 104,971 39,848
Homebuilding Cost of Revenues:        
Cost of revenues (22,060) (25,123) (71,791) (115,950)
Land sale and other | Eliminating Entries        
Homebuilding        
Revenues 0 0 0 0
Homebuilding Cost of Revenues:        
Cost of revenues 0 0 0 0
Land sale and other | PulteGroup, Inc.        
Homebuilding        
Revenues 0 0 0 0
Homebuilding Cost of Revenues:        
Cost of revenues 0 0 0 0
Land sale and other | Guarantor Subsidiaries        
Homebuilding        
Revenues 25,266 27,954 103,243 37,268
Homebuilding Cost of Revenues:        
Cost of revenues (22,060) (24,896) (70,774) (113,899)
Land sale and other | Non-Guarantor Subsidiaries        
Homebuilding        
Revenues 244 261 1,728 2,580
Homebuilding Cost of Revenues:        
Cost of revenues (227) (1,017) (2,051)
Financial Services        
Homebuilding        
Revenues 51,620 46,952 150,322 135,995
Homebuilding Cost of Revenues:        
Cost of revenues (32,213) (29,304) (96,650) (86,150)
Financial Services | Eliminating Entries        
Homebuilding        
Revenues 0 0 0 0
Homebuilding Cost of Revenues:        
Cost of revenues 0 0 0 0
Financial Services | PulteGroup, Inc.        
Homebuilding        
Revenues 0 0 0 0
Homebuilding Cost of Revenues:        
Cost of revenues 0 0 0 0
Financial Services | Guarantor Subsidiaries        
Homebuilding        
Revenues 0 0 0 0
Homebuilding Cost of Revenues:        
Cost of revenues (130) (121) 405 384
Financial Services | Non-Guarantor Subsidiaries        
Homebuilding        
Revenues 51,620 46,952 150,322 135,995
Homebuilding Cost of Revenues:        
Cost of revenues $ (32,083) $ (29,183) $ 96,245 $ 85,766
XML 60 R50.htm IDEA: XBRL DOCUMENT v3.10.0.1
Supplemental Guarantor Information (Statement Of Cash Flows) (Details) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Net cash provided by (used in) operating activities $ 1,014,980 $ 252,479
Cash flows from investing activities:    
Capital expenditures (46,529) (23,548)
Investments in unconsolidated entities (1,000) (22,007)
Other investing activities, net 15,545 5,788
Net cash provided by (used in) investing activities (31,984) (39,767)
Cash flows from financing activities:    
Financial Services borrowings (repayments) (187,071) (85,797)
Repayments of debt (82,655) (7,001)
Borrowings under revolving credit facility 1,566,000 971,000
Repayments under revolving credit facility (1,566,000) (888,000)
Debt issuance costs (8,165) 0
Stock option exercises 5,462 22,765
Share repurchases (179,439) (665,812)
Dividends paid (78,284) (86,018)
Intercompany activities, net 0 0
Net cash provided by (used in) financing activities (530,152) (738,863)
Net increase (decrease) in cash, cash equivalents, and restricted cash 452,844 (526,151)
Cash, cash equivalents, and restricted cash at beginning of period 306,168 723,248
Cash, cash equivalents, and restricted cash at end of period 759,012 197,097
Eliminating Entries    
Net cash provided by (used in) operating activities 0 0
Cash flows from investing activities:    
Capital expenditures 0 0
Investments in unconsolidated entities 0 0
Other investing activities, net 0 0
Net cash provided by (used in) investing activities 0 0
Cash flows from financing activities:    
Financial Services borrowings (repayments) 0 0
Repayments of debt 0 0
Borrowings under revolving credit facility 0 0
Repayments under revolving credit facility 0 0
Debt issuance costs 0  
Stock option exercises 0 0
Share repurchases 0 0
Dividends paid 0 0
Intercompany activities, net 0 0
Net cash provided by (used in) financing activities 0 0
Net increase (decrease) in cash, cash equivalents, and restricted cash 0 0
Cash, cash equivalents, and restricted cash at beginning of period 0 0
Cash, cash equivalents, and restricted cash at end of period 0 0
PulteGroup, Inc.    
Net cash provided by (used in) operating activities 347,335 58,575
Cash flows from investing activities:    
Capital expenditures 0 0
Investments in unconsolidated entities 0 0
Other investing activities, net 0
Net cash provided by (used in) investing activities 0 0
Cash flows from financing activities:    
Financial Services borrowings (repayments) 0
Repayments of debt 0 0
Borrowings under revolving credit facility 1,566,000 971,000
Repayments under revolving credit facility (1,566,000) (888,000)
Debt issuance costs (8,165)  
Stock option exercises 5,462 22,765
Share repurchases (179,439) (665,812)
Dividends paid (78,284) (86,018)
Intercompany activities, net (86,909) 587,490
Net cash provided by (used in) financing activities (347,335) (58,575)
Net increase (decrease) in cash, cash equivalents, and restricted cash 0 0
Cash, cash equivalents, and restricted cash at beginning of period 0 0
Cash, cash equivalents, and restricted cash at end of period 0 0
Guarantor Subsidiaries    
Net cash provided by (used in) operating activities 389,110 43,042
Cash flows from investing activities:    
Capital expenditures (40,483) (19,693)
Investments in unconsolidated entities (1,000) (22,007)
Other investing activities, net 11,299 5,728
Net cash provided by (used in) investing activities (30,184) (35,972)
Cash flows from financing activities:    
Financial Services borrowings (repayments) 0 0
Repayments of debt (81,757) (6,031)
Borrowings under revolving credit facility 0 0
Repayments under revolving credit facility 0 0
Debt issuance costs 0  
Stock option exercises 0 0
Share repurchases 0 0
Dividends paid 0 0
Intercompany activities, net 268,297 (470,052)
Net cash provided by (used in) financing activities 186,540 (476,083)
Net increase (decrease) in cash, cash equivalents, and restricted cash 545,466 (469,013)
Cash, cash equivalents, and restricted cash at beginning of period 157,801 611,185
Cash, cash equivalents, and restricted cash at end of period 703,267 142,172
Non-Guarantor Subsidiaries    
Net cash provided by (used in) operating activities 278,535 150,862
Cash flows from investing activities:    
Capital expenditures (6,046) (3,855)
Investments in unconsolidated entities 0 0
Other investing activities, net 4,246 60
Net cash provided by (used in) investing activities (1,800) (3,795)
Cash flows from financing activities:    
Financial Services borrowings (repayments) (187,071) (85,797)
Repayments of debt (898) (970)
Borrowings under revolving credit facility 0 0
Repayments under revolving credit facility 0 0
Debt issuance costs 0  
Stock option exercises 0 0
Share repurchases 0 0
Dividends paid 0 0
Intercompany activities, net (181,388) (117,438)
Net cash provided by (used in) financing activities (369,357) (204,205)
Net increase (decrease) in cash, cash equivalents, and restricted cash (92,622) (57,138)
Cash, cash equivalents, and restricted cash at beginning of period 148,367 112,063
Cash, cash equivalents, and restricted cash at end of period $ 55,745 $ 54,925
EXCEL 61 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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

  •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end XML 62 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 63 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 65 FilingSummary.xml IDEA: XBRL DOCUMENT 3.10.0.1 html 304 221 1 false 58 0 false 9 false false R1.htm 0001000 - Document - Document and Entity Information Document Sheet http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument Document and Entity Information Document Cover 1 false false R2.htm 1001000 - Statement - Consolidated Balance Sheets Sheet http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets Consolidated Balance Sheets Statements 2 false false R3.htm 1002000 - Statement - Consolidated Statements Of Operations Sheet http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations Consolidated Statements Of Operations Statements 3 false false R4.htm 1003000 - Statement - Consolidated Statements of Comprehensive Income Sheet http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome Consolidated Statements of Comprehensive Income Statements 4 false false R5.htm 1004000 - Statement - Consolidated Statements Of Shareholders' Equity Sheet http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity Consolidated Statements Of Shareholders' Equity Statements 5 false false R6.htm 1005000 - Statement - Consolidated Statements Of Cash Flows Sheet http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows Consolidated Statements Of Cash Flows Statements 6 false false R7.htm 2101100 - Disclosure - Basis of Presentation Sheet http://www.pultegroupinc.com/role/BasisOfPresentation Basis of Presentation Notes 7 false false R8.htm 2105100 - Disclosure - Inventory Sheet http://www.pultegroupinc.com/role/Inventory Inventory Notes 8 false false R9.htm 2106100 - Disclosure - Segment Information Sheet http://www.pultegroupinc.com/role/SegmentInformation Segment Information Notes 9 false false R10.htm 2108100 - Disclosure - Debt Sheet http://www.pultegroupinc.com/role/Debt Debt Notes 10 false false R11.htm 2109100 - Disclosure - Shareholders' Equity Sheet http://www.pultegroupinc.com/role/ShareholdersEquity Shareholders' Equity Notes 11 false false R12.htm 2112100 - Disclosure - Income Taxes Sheet http://www.pultegroupinc.com/role/IncomeTaxes Income Taxes Notes 12 false false R13.htm 2115100 - Disclosure - Fair Value Disclosures Sheet http://www.pultegroupinc.com/role/FairValueDisclosures Fair Value Disclosures Notes 13 false false R14.htm 2116100 - Disclosure - Commitments and Contingencies Sheet http://www.pultegroupinc.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 14 false false R15.htm 2117100 - Disclosure - Supplemental Guarantor Information Sheet http://www.pultegroupinc.com/role/SupplementalGuarantorInformation Supplemental Guarantor Information Notes 15 false false R16.htm 2201201 - Disclosure - Basis of Presentation (Policy) Sheet http://www.pultegroupinc.com/role/BasisOfPresentationPolicy Basis of Presentation (Policy) Policies 16 false false R17.htm 2301302 - Disclosure - Basis of Presentation (Tables) Sheet http://www.pultegroupinc.com/role/BasisOfPresentationTables Basis of Presentation (Tables) Tables http://www.pultegroupinc.com/role/BasisOfPresentation 17 false false R18.htm 2305301 - Disclosure - Inventory (Tables) Sheet http://www.pultegroupinc.com/role/InventoryTables Inventory (Tables) Tables http://www.pultegroupinc.com/role/Inventory 18 false false R19.htm 2306301 - Disclosure - Segment Information (Tables) Sheet http://www.pultegroupinc.com/role/SegmentInformationTables Segment Information (Tables) Tables http://www.pultegroupinc.com/role/SegmentInformation 19 false false R20.htm 2308301 - Disclosure - Debt (Tables) Sheet http://www.pultegroupinc.com/role/DebtTables Debt (Tables) Tables http://www.pultegroupinc.com/role/Debt 20 false false R21.htm 2315301 - Disclosure - Fair Value Disclosures Fair Value Disclosures (Tables) Sheet http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresTables Fair Value Disclosures Fair Value Disclosures (Tables) Tables 21 false false R22.htm 2316301 - Disclosure - Commitments and Contingencies (Tables) Sheet http://www.pultegroupinc.com/role/CommitmentsAndContingenciesTables Commitments and Contingencies (Tables) Tables http://www.pultegroupinc.com/role/CommitmentsAndContingencies 22 false false R23.htm 2317301 - Disclosure - Supplemental Guarantor Information (Tables) Sheet http://www.pultegroupinc.com/role/SupplementalGuarantorInformationTables Supplemental Guarantor Information (Tables) Tables http://www.pultegroupinc.com/role/SupplementalGuarantorInformation 23 false false R24.htm 2401403 - Disclosure - Basis of Presentation (Other Expense (Income), Net) (Details) Sheet http://www.pultegroupinc.com/role/BasisOfPresentationOtherExpenseIncomeNetDetails Basis of Presentation (Other Expense (Income), Net) (Details) Details http://www.pultegroupinc.com/role/BasisOfPresentationTables 24 false false R25.htm 2401404 - Disclosure - Basis of Presentation (Narrative) (Details) Sheet http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails Basis of Presentation (Narrative) (Details) Details http://www.pultegroupinc.com/role/BasisOfPresentationTables 25 false false R26.htm 2401405 - Disclosure - Basis of Presentation (Earnings per share) (Details) Sheet http://www.pultegroupinc.com/role/BasisOfPresentationEarningsPerShareDetails Basis of Presentation (Earnings per share) (Details) Details http://www.pultegroupinc.com/role/BasisOfPresentationTables 26 false false R27.htm 2401406 - Disclosure - Basis of Presentation (Fair Value Of the Company's Derivative Instruments) (Details) Sheet http://www.pultegroupinc.com/role/BasisOfPresentationFairValueOfCompanysDerivativeInstrumentsDetails Basis of Presentation (Fair Value Of the Company's Derivative Instruments) (Details) Details http://www.pultegroupinc.com/role/BasisOfPresentationTables 27 false false R28.htm 2405402 - Disclosure - Inventory (Major Components Of Inventory) (Details) Sheet http://www.pultegroupinc.com/role/InventoryMajorComponentsOfInventoryDetails Inventory (Major Components Of Inventory) (Details) Details http://www.pultegroupinc.com/role/InventoryTables 28 false false R29.htm 2405403 - Disclosure - Inventory (Information Related To Interest Capitalized Into Homebuilding Inventory) (Details) Sheet http://www.pultegroupinc.com/role/InventoryInformationRelatedToInterestCapitalizedIntoHomebuildingInventoryDetails Inventory (Information Related To Interest Capitalized Into Homebuilding Inventory) (Details) Details http://www.pultegroupinc.com/role/InventoryTables 29 false false R30.htm 2405404 - Disclosure - Inventory (Summary of Interests in Land Option Agreements) (Details) Sheet http://www.pultegroupinc.com/role/InventorySummaryOfInterestsInLandOptionAgreementsDetails Inventory (Summary of Interests in Land Option Agreements) (Details) Details http://www.pultegroupinc.com/role/InventoryTables 30 false false R31.htm 2405405 - Disclosure - Inventory Inventory (Summary of Land-related Charges) (Details) (Details) Sheet http://www.pultegroupinc.com/role/InventoryInventorySummaryOfLandRelatedChargesDetailsDetails Inventory Inventory (Summary of Land-related Charges) (Details) (Details) Details 31 false false R32.htm 2405406 - Disclosure - Inventory - Narrative (Details) Sheet http://www.pultegroupinc.com/role/InventoryNarrativeDetails Inventory - Narrative (Details) Details 32 false false R33.htm 2405407 - Disclosure - Inventory - Inventory Fair Value Unobservable Inputs (Details) Sheet http://www.pultegroupinc.com/role/InventoryInventoryFairValueUnobservableInputsDetails Inventory - Inventory Fair Value Unobservable Inputs (Details) Details 33 false false R34.htm 2406402 - Disclosure - Segment Information Narrative (Details) Sheet http://www.pultegroupinc.com/role/SegmentInformationNarrativeDetails Segment Information Narrative (Details) Details 34 false false R35.htm 2406403 - Disclosure - Segment Information (Operating Data By Segment) (Details) Sheet http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails Segment Information (Operating Data By Segment) (Details) Details http://www.pultegroupinc.com/role/SegmentInformationTables 35 false false R36.htm 2406404 - Disclosure - Segment Information Segment Information (Land-Related Charges by Segment) (Details) Sheet http://www.pultegroupinc.com/role/SegmentInformationSegmentInformationLandRelatedChargesBySegmentDetails Segment Information Segment Information (Land-Related Charges by Segment) (Details) Details 36 false false R37.htm 2406405 - Disclosure - Segment Information (Total Assets And Inventory By Reportable Segment) (Details) Sheet http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails Segment Information (Total Assets And Inventory By Reportable Segment) (Details) Details http://www.pultegroupinc.com/role/SegmentInformationTables 37 false false R38.htm 2408402 - Disclosure - Debt (Summary of Senior Notes) (Details) Notes http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails Debt (Summary of Senior Notes) (Details) Details http://www.pultegroupinc.com/role/DebtTables 38 false false R39.htm 2408403 - Disclosure - Debt (Narrative) (Details) Sheet http://www.pultegroupinc.com/role/DebtNarrativeDetails Debt (Narrative) (Details) Details http://www.pultegroupinc.com/role/DebtTables 39 false false R40.htm 2409401 - Disclosure - Shareholders' Equity (Narrative) (Details) Sheet http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails Shareholders' Equity (Narrative) (Details) Details http://www.pultegroupinc.com/role/ShareholdersEquity 40 false false R41.htm 2412401 - Disclosure - Income Taxes (Narrative) (Details) Sheet http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails Income Taxes (Narrative) (Details) Details http://www.pultegroupinc.com/role/IncomeTaxes 41 false false R42.htm 2415402 - Disclosure - Fair Value Disclosures (Details) Sheet http://www.pultegroupinc.com/role/FairValueDisclosuresDetails Fair Value Disclosures (Details) Details http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresTables 42 false false R43.htm 2415403 - Disclosure - Fair Value Disclosures Narrative (Details) Sheet http://www.pultegroupinc.com/role/FairValueDisclosuresNarrativeDetails Fair Value Disclosures Narrative (Details) Details 43 false false R44.htm 2416402 - Disclosure - Commitments and Contingencies (Changes To Anticipated Loan Losses) (Details) Sheet http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToAnticipatedLoanLossesDetails Commitments and Contingencies (Changes To Anticipated Loan Losses) (Details) Details http://www.pultegroupinc.com/role/CommitmentsAndContingenciesTables 44 false false R45.htm 2416403 - Disclosure - Commitments and Contingencies (Narrative) (Details) Sheet http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails Commitments and Contingencies (Narrative) (Details) Details http://www.pultegroupinc.com/role/CommitmentsAndContingenciesTables 45 false false R46.htm 2416404 - Disclosure - Commitments and Contingencies (Changes To Warranty Liability) (Details) Sheet http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToWarrantyLiabilityDetails Commitments and Contingencies (Changes To Warranty Liability) (Details) Details http://www.pultegroupinc.com/role/CommitmentsAndContingenciesTables 46 false false R47.htm 2416405 - Disclosure - Commitments and Contingencies (Changes in Self-insurance Liability) (Details) Sheet http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesInSelfInsuranceLiabilityDetails Commitments and Contingencies (Changes in Self-insurance Liability) (Details) Details http://www.pultegroupinc.com/role/CommitmentsAndContingenciesTables 47 false false R48.htm 2417402 - Disclosure - Supplemental Guarantor Information (Balance Sheet) (Details) Sheet http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails Supplemental Guarantor Information (Balance Sheet) (Details) Details http://www.pultegroupinc.com/role/SupplementalGuarantorInformationTables 48 false false R49.htm 2417403 - Disclosure - Supplemental Guarantor Information (Statement of Operations and Comprehensive Income (Loss)) (Details) Sheet http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails Supplemental Guarantor Information (Statement of Operations and Comprehensive Income (Loss)) (Details) Details http://www.pultegroupinc.com/role/SupplementalGuarantorInformationTables 49 false false R50.htm 2417404 - Disclosure - Supplemental Guarantor Information (Statement Of Cash Flows) (Details) Sheet http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails Supplemental Guarantor Information (Statement Of Cash Flows) (Details) Details http://www.pultegroupinc.com/role/SupplementalGuarantorInformationTables 50 false false All Reports Book All Reports phm930201810-q.htm exhibit31aceocertifica.htm exhibit31bcfocertifica.htm exhibit32-certificatio.htm phm-20180930.xsd phm-20180930_cal.xml phm-20180930_def.xml phm-20180930_lab.xml phm-20180930_pre.xml http://xbrl.sec.gov/invest/2013-01-31 http://fasb.org/srt/2018-01-31 http://fasb.org/us-gaap/2018-01-31 http://xbrl.sec.gov/dei/2018-01-31 true true JSON 67 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "phm930201810-q.htm": { "axisCustom": 1, "axisStandard": 19, "contextCount": 304, "dts": { "calculationLink": { "local": [ "phm-20180930_cal.xml" ] }, "definitionLink": { "local": [ "phm-20180930_def.xml" ], "remote": [ "http://xbrl.fasb.org/srt/2018/elts/srt-eedm1-def-2018-01-31.xml", "http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-eedm-def-2018-01-31.xml" ] }, "inline": { "local": [ "phm930201810-q.htm" ] }, "labelLink": { "local": [ "phm-20180930_lab.xml" ], "remote": [ "http://xbrl.fasb.org/srt/2018/elts/srt-doc-2018-01-31.xml", "http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-doc-2018-01-31.xml", "http://xbrl.sec.gov/invest/2013/invest-doc-2013-01-31.xml", "https://xbrl.sec.gov/dei/2018/dei-doc-2018-01-31.xml" ] }, "presentationLink": { "local": [ "phm-20180930_pre.xml" ] }, "referenceLink": { "remote": [ "http://xbrl.fasb.org/srt/2018/elts/srt-ref-2018-01-31.xml", "http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-ref-2018-01-31.xml", "http://xbrl.sec.gov/invest/2013/invest-ref-2013-01-31.xml", "https://xbrl.sec.gov/dei/2018/dei-ref-2018-01-31.xml" ] }, "schema": { "local": [ "phm-20180930.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd", "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd", "http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/reference-2009-12-16.xsd", "http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd", "http://xbrl.fasb.org/srt/2018/elts/srt-roles-2018-01-31.xsd", "http://xbrl.fasb.org/srt/2018/elts/srt-types-2018-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2018/elts/us-parts-codification-2018-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2018/elts/us-roles-2018-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2018/elts/us-types-2018-01-31.xsd", "http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd", "http://xbrl.sec.gov/currency/2017/currency-2017-01-31.xsd", "http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd", "http://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd", "http://xbrl.sec.gov/sic/2011/sic-2011-01-31.xsd", "https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd", "https://xbrl.sec.gov/exch/2018/exch-2018-01-31.xsd", "https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd" ] } }, "elementCount": 379, "entityCount": 1, "hidden": { "http://fasb.org/us-gaap/2018-01-31": 14, "http://xbrl.sec.gov/dei/2018-01-31": 12, "total": 26 }, "keyCustom": 36, "keyStandard": 185, "memberCustom": 28, "memberStandard": 28, "nsprefix": "phm", "nsuri": "http://www.pultegroupinc.com/20180930", "report": { "R1": { "firstAnchor": null, "groupType": "document", "isDefault": "true", "longName": "0001000 - Document - Document and Entity Information Document", "role": "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument", "shortName": "Document and Entity Information Document", "subGroupType": "", "uniqueAnchor": null }, "R10": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DebtDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2108100 - Disclosure - Debt", "role": "http://www.pultegroupinc.com/role/Debt", "shortName": "Debt", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DebtDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R11": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:StockholdersEquityNoteDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2109100 - Disclosure - Shareholders' Equity", "role": "http://www.pultegroupinc.com/role/ShareholdersEquity", "shortName": "Shareholders' Equity", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:StockholdersEquityNoteDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R12": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:IncomeTaxDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2112100 - Disclosure - Income Taxes", "role": "http://www.pultegroupinc.com/role/IncomeTaxes", "shortName": "Income Taxes", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:IncomeTaxDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R13": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FairValueDisclosuresTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2115100 - Disclosure - Fair Value Disclosures", "role": "http://www.pultegroupinc.com/role/FairValueDisclosures", "shortName": "Fair Value Disclosures", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FairValueDisclosuresTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R14": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2116100 - Disclosure - Commitments and Contingencies", "role": "http://www.pultegroupinc.com/role/CommitmentsAndContingencies", "shortName": "Commitments and Contingencies", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R15": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2117100 - Disclosure - Supplemental Guarantor Information", "role": "http://www.pultegroupinc.com/role/SupplementalGuarantorInformation", "shortName": "Supplemental Guarantor Information", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R16": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ConsolidationPolicyTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2201201 - Disclosure - Basis of Presentation (Policy)", "role": "http://www.pultegroupinc.com/role/BasisOfPresentationPolicy", "shortName": "Basis of Presentation (Policy)", "subGroupType": "policies", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ConsolidationPolicyTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R17": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2301302 - Disclosure - Basis of Presentation (Tables)", "role": "http://www.pultegroupinc.com/role/BasisOfPresentationTables", "shortName": "Basis of Presentation (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R18": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "phm:ComponentsOfInventoryTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2305301 - Disclosure - Inventory (Tables)", "role": "http://www.pultegroupinc.com/role/InventoryTables", "shortName": "Inventory (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "phm:ComponentsOfInventoryTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R19": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2306301 - Disclosure - Segment Information (Tables)", "role": "http://www.pultegroupinc.com/role/SegmentInformationTables", "shortName": "Segment Information (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R2": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FI2018Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:CashAndCashEquivalentsAtCarryingValue", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1001000 - Statement - Consolidated Balance Sheets", "role": "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "shortName": "Consolidated Balance Sheets", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FI2018Q3", "decimals": "-3", "lang": null, "name": "us-gaap:AccountsPayableCurrentAndNoncurrent", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R20": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfDebtInstrumentsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2308301 - Disclosure - Debt (Tables)", "role": "http://www.pultegroupinc.com/role/DebtTables", "shortName": "Debt (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfDebtInstrumentsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R21": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2315301 - Disclosure - Fair Value Disclosures Fair Value Disclosures (Tables)", "role": "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresTables", "shortName": "Fair Value Disclosures Fair Value Disclosures (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R22": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "phm:SummaryOfChangesInLoanOriginationLiabilityTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2316301 - Disclosure - Commitments and Contingencies (Tables)", "role": "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesTables", "shortName": "Commitments and Contingencies (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "phm:SummaryOfChangesInLoanOriginationLiabilityTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R23": { "firstAnchor": { "ancestors": [ "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "srt:ScheduleOfCondensedBalanceSheetTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2317301 - Disclosure - Supplemental Guarantor Information (Tables)", "role": "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationTables", "shortName": "Supplemental Guarantor Information (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "srt:ScheduleOfCondensedBalanceSheetTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R24": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3QTD", "decimals": "-3", "first": true, "lang": null, "name": "phm:WriteOffOfDepositsAndPreAcquisitionCosts", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2401403 - Disclosure - Basis of Presentation (Other Expense (Income), Net) (Details)", "role": "http://www.pultegroupinc.com/role/BasisOfPresentationOtherExpenseIncomeNetDetails", "shortName": "Basis of Presentation (Other Expense (Income), Net) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3QTD", "decimals": "-3", "lang": null, "name": "us-gaap:AmortizationOfIntangibleAssets", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R25": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FI2018Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:CustomerAdvancesAndDeposits", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2401404 - Disclosure - Basis of Presentation (Narrative) (Details)", "role": "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails", "shortName": "Basis of Presentation (Narrative) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3QTD", "decimals": "-5", "lang": null, "name": "phm:GainlossonLandSalegainsNet", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R26": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3QTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:NetIncomeLoss", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2401405 - Disclosure - Basis of Presentation (Earnings per share) (Details)", "role": "http://www.pultegroupinc.com/role/BasisOfPresentationEarningsPerShareDetails", "shortName": "Basis of Presentation (Earnings per share) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3QTD", "decimals": "-3", "lang": null, "name": "us-gaap:ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R27": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:DerivativeInstrumentsInHedgesAssetsAtFairValue", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2401406 - Disclosure - Basis of Presentation (Fair Value Of the Company's Derivative Instruments) (Details)", "role": "http://www.pultegroupinc.com/role/BasisOfPresentationFairValueOfCompanysDerivativeInstrumentsDetails", "shortName": "Basis of Presentation (Fair Value Of the Company's Derivative Instruments) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:DerivativeInstrumentsInHedgesAssetsAtFairValue", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R28": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:InventoryHomesUnderConstruction", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2405402 - Disclosure - Inventory (Major Components Of Inventory) (Details)", "role": "http://www.pultegroupinc.com/role/InventoryMajorComponentsOfInventoryDetails", "shortName": "Inventory (Major Components Of Inventory) (Details)", "subGroupType": "details", "uniqueAnchor": null }, "R29": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q2", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:RealEstateInventoryCapitalizedInterestCosts", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2405403 - Disclosure - Inventory (Information Related To Interest Capitalized Into Homebuilding Inventory) (Details)", "role": "http://www.pultegroupinc.com/role/InventoryInformationRelatedToInterestCapitalizedIntoHomebuildingInventoryDetails", "shortName": "Inventory (Information Related To Interest Capitalized Into Homebuilding Inventory) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q2", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:RealEstateInventoryCapitalizedInterestCosts", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R3": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "us-gaap:ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3QTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:Revenues", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1002000 - Statement - Consolidated Statements Of Operations", "role": "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "shortName": "Consolidated Statements Of Operations", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FD2018Q3QTD", "decimals": "INF", "lang": null, "name": "us-gaap:CommonStockDividendsPerShareDeclared", "reportCount": 1, "unique": true, "unitRef": "usdPerShare", "xsiNil": "false" } }, "R30": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:PurchaseOptionsLand", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2405404 - Disclosure - Inventory (Summary of Interests in Land Option Agreements) (Details)", "role": "http://www.pultegroupinc.com/role/InventorySummaryOfInterestsInLandOptionAgreementsDetails", "shortName": "Inventory (Summary of Interests in Land Option Agreements) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:PurchaseOptionsLand", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R31": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2017Q2QTD", "decimals": "-3", "first": true, "lang": null, "name": "phm:NetRealizableValueAdjustmentsLandHeldForSaleTotal", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2405405 - Disclosure - Inventory Inventory (Summary of Land-related Charges) (Details) (Details)", "role": "http://www.pultegroupinc.com/role/InventoryInventorySummaryOfLandRelatedChargesDetailsDetails", "shortName": "Inventory Inventory (Summary of Land-related Charges) (Details) (Details)", "subGroupType": "details", "uniqueAnchor": null }, "R32": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "D2017Q2May3-3", "decimals": "INF", "first": true, "lang": null, "name": "phm:NumberOfCommunitiesTestedForImpairment", "reportCount": 1, "unique": true, "unitRef": "community", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2405406 - Disclosure - Inventory - Narrative (Details)", "role": "http://www.pultegroupinc.com/role/InventoryNarrativeDetails", "shortName": "Inventory - Narrative (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "D2017Q2May3-3", "decimals": "INF", "first": true, "lang": null, "name": "phm:NumberOfCommunitiesTestedForImpairment", "reportCount": 1, "unique": true, "unitRef": "community", "xsiNil": "false" } }, "R33": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2017Q3YTD_srt_RangeAxis_srt_MinimumMember", "decimals": "-3", "first": true, "lang": null, "name": "phm:Averagesellingpriceofimpairedcommunities", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2405407 - Disclosure - Inventory - Inventory Fair Value Unobservable Inputs (Details)", "role": "http://www.pultegroupinc.com/role/InventoryInventoryFairValueUnobservableInputsDetails", "shortName": "Inventory - Inventory Fair Value Unobservable Inputs (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2017Q3YTD_srt_RangeAxis_srt_MinimumMember", "decimals": "-3", "first": true, "lang": null, "name": "phm:Averagesellingpriceofimpairedcommunities", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R34": { "firstAnchor": { "ancestors": [ "span", "span", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": "INF", "first": true, "lang": null, "name": "us-gaap:NumberOfReportableSegments", "reportCount": 1, "unique": true, "unitRef": "segment", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2406402 - Disclosure - Segment Information Narrative (Details)", "role": "http://www.pultegroupinc.com/role/SegmentInformationNarrativeDetails", "shortName": "Segment Information Narrative (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": "INF", "first": true, "lang": null, "name": "us-gaap:NumberOfReportableSegments", "reportCount": 1, "unique": true, "unitRef": "segment", "xsiNil": "false" } }, "R35": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "us-gaap:ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3QTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:Revenues", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2406403 - Disclosure - Segment Information (Operating Data By Segment) (Details)", "role": "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "shortName": "Segment Information (Operating Data By Segment) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": "-5", "lang": null, "name": "phm:West_area_2Q18_land_sale", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R36": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3QTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:ProductionRelatedImpairmentsOrCharges", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2406404 - Disclosure - Segment Information Segment Information (Land-Related Charges by Segment) (Details)", "role": "http://www.pultegroupinc.com/role/SegmentInformationSegmentInformationLandRelatedChargesBySegmentDetails", "shortName": "Segment Information Segment Information (Land-Related Charges by Segment) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3QTD_us-gaap_StatementBusinessSegmentsAxis_phm_NortheastMember", "decimals": "-3", "lang": null, "name": "us-gaap:ProductionRelatedImpairmentsOrCharges", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R37": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:InventoryHomesUnderConstruction", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2406405 - Disclosure - Segment Information (Total Assets And Inventory By Reportable Segment) (Details)", "role": "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails", "shortName": "Segment Information (Total Assets And Inventory By Reportable Segment) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "us-gaap:ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q3_us-gaap_StatementBusinessSegmentsAxis_phm_NortheastMember", "decimals": "-3", "lang": null, "name": "us-gaap:InventoryHomesUnderConstruction", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R38": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:DeferredFinanceCostsNet", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2408402 - Disclosure - Debt (Summary of Senior Notes) (Details)", "role": "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails", "shortName": "Debt (Summary of Senior Notes) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:DeferredFinanceCostsNet", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R39": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:OtherNotesPayable", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2408403 - Disclosure - Debt (Narrative) (Details)", "role": "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "shortName": "Debt (Narrative) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "lang": "en-US", "name": "us-gaap:DebtInstrumentTerm", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R4": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3QTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:NetIncomeLoss", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1003000 - Statement - Consolidated Statements of Comprehensive Income", "role": "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome", "shortName": "Consolidated Statements of Comprehensive Income", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FD2018Q3QTD", "decimals": "-3", "lang": null, "name": "us-gaap:OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R40": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:Dividends", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2409401 - Disclosure - Shareholders' Equity (Narrative) (Details)", "role": "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails", "shortName": "Shareholders' Equity (Narrative) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD_us-gaap_ShareRepurchaseProgramAxis_phm_SharerepurchaseplanMember", "decimals": "-5", "lang": null, "name": "us-gaap:StockRepurchasedDuringPeriodShares", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" } }, "R41": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3QTD", "decimals": "3", "first": true, "lang": null, "name": "us-gaap:EffectiveIncomeTaxRateContinuingOperations", "reportCount": 1, "unique": true, "unitRef": "number", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2412401 - Disclosure - Income Taxes (Narrative) (Details)", "role": "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails", "shortName": "Income Taxes (Narrative) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3QTD", "decimals": "3", "first": true, "lang": null, "name": "us-gaap:EffectiveIncomeTaxRateContinuingOperations", "reportCount": 1, "unique": true, "unitRef": "number", "xsiNil": "false" } }, "R42": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:OtherNotesPayable", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2415402 - Disclosure - Fair Value Disclosures (Details)", "role": "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails", "shortName": "Fair Value Disclosures (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q3_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member", "decimals": "-3", "lang": null, "name": "us-gaap:LinesOfCreditFairValueDisclosure", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R43": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:SeniorNotes", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2415403 - Disclosure - Fair Value Disclosures Narrative (Details)", "role": "http://www.pultegroupinc.com/role/FairValueDisclosuresNarrativeDetails", "shortName": "Fair Value Disclosures Narrative (Details)", "subGroupType": "details", "uniqueAnchor": null }, "R44": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q3", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:LossContingencyAccrualAtCarryingValue", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416402 - Disclosure - Commitments and Contingencies (Changes To Anticipated Loan Losses) (Details)", "role": "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToAnticipatedLoanLossesDetails", "shortName": "Commitments and Contingencies (Changes To Anticipated Loan Losses) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q3", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:LossContingencyAccrualAtCarryingValue", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R45": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q3", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:LettersOfCreditOutstandingAmount", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416403 - Disclosure - Commitments and Contingencies (Narrative) (Details)", "role": "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails", "shortName": "Commitments and Contingencies (Narrative) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q3", "decimals": "-8", "lang": null, "name": "phm:SuretyBondsOutstanding", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R46": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q2", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:StandardProductWarrantyAccrual", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416404 - Disclosure - Commitments and Contingencies (Changes To Warranty Liability) (Details)", "role": "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToWarrantyLiabilityDetails", "shortName": "Commitments and Contingencies (Changes To Warranty Liability) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q2", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:StandardProductWarrantyAccrual", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R47": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q2", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:SelfInsuranceReserve", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416405 - Disclosure - Commitments and Contingencies (Changes in Self-insurance Liability) (Details)", "role": "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesInSelfInsuranceLiabilityDetails", "shortName": "Commitments and Contingencies (Changes in Self-insurance Liability) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3QTD", "decimals": "-3", "lang": null, "name": "phm:AdditionsToSelfInsuranceReserves", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R48": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FI2018Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:CashAndCashEquivalentsAtCarryingValue", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2417402 - Disclosure - Supplemental Guarantor Information (Balance Sheet) (Details)", "role": "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "shortName": "Supplemental Guarantor Information (Balance Sheet) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q3", "decimals": "-3", "lang": null, "name": "us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R49": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "us-gaap:ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3QTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:Revenues", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2417403 - Disclosure - Supplemental Guarantor Information (Statement of Operations and Comprehensive Income (Loss)) (Details)", "role": "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails", "shortName": "Supplemental Guarantor Information (Statement of Operations and Comprehensive Income (Loss)) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3QTD", "decimals": "-3", "lang": null, "name": "phm:IntercompanyInterest", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R5": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:CommonStockSharesOutstanding", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1004000 - Statement - Consolidated Statements Of Shareholders' Equity", "role": "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity", "shortName": "Consolidated Statements Of Shareholders' Equity", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:CommonStockSharesOutstanding", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" } }, "R50": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:NetCashProvidedByUsedInOperatingActivities", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2417404 - Disclosure - Supplemental Guarantor Information (Statement Of Cash Flows) (Details)", "role": "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "shortName": "Supplemental Guarantor Information (Statement Of Cash Flows) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": "-3", "lang": null, "name": "us-gaap:ProceedsFromContributionsFromParent", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R6": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:NetIncomeLoss", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1005000 - Statement - Consolidated Statements Of Cash Flows", "role": "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "shortName": "Consolidated Statements Of Cash Flows", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": "-3", "lang": null, "name": "us-gaap:DeferredIncomeTaxExpenseBenefit", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R7": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2101100 - Disclosure - Basis of Presentation", "role": "http://www.pultegroupinc.com/role/BasisOfPresentation", "shortName": "Basis of Presentation", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R8": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:InventoryDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2105100 - Disclosure - Inventory", "role": "http://www.pultegroupinc.com/role/Inventory", "shortName": "Inventory", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:InventoryDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R9": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:SegmentReportingDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2106100 - Disclosure - Segment Information", "role": "http://www.pultegroupinc.com/role/SegmentInformation", "shortName": "Segment Information", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:SegmentReportingDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 58, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "If the value is true, then the document is an amendment to previously-filed/accepted document.", "label": "Amendment Flag", "terseLabel": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_CurrentFiscalYearEndDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "End date of current fiscal year in the format --MM-DD.", "label": "Current Fiscal Year End Date", "terseLabel": "Current Fiscal Year End Date" } } }, "localname": "CurrentFiscalYearEndDate", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "gMonthDayItemType" }, "dei_DocumentFiscalPeriodFocus": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.", "label": "Document Fiscal Period Focus", "terseLabel": "Document Fiscal Period Focus" } } }, "localname": "DocumentFiscalPeriodFocus", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "fiscalPeriodItemType" }, "dei_DocumentFiscalYearFocus": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.", "label": "Document Fiscal Year Focus", "terseLabel": "Document Fiscal Year Focus" } } }, "localname": "DocumentFiscalYearFocus", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "gYearItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.", "label": "Document Period End Date", "terseLabel": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type", "terseLabel": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r287" ], "lang": { "en-US": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key", "terseLabel": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityCommonStockSharesOutstanding": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.", "label": "Entity Common Stock, Shares Outstanding", "terseLabel": "Entity Common Stock, Shares Outstanding" } } }, "localname": "EntityCommonStockSharesOutstanding", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "sharesItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r287" ], "lang": { "en-US": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company", "terseLabel": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_EntityFilerCategory": { "auth_ref": [ "r287" ], "lang": { "en-US": { "role": { "documentation": "Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated), (5) Smaller Reporting Accelerated Filer or (6) Smaller Reporting Company and Large Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Filer Category", "terseLabel": "Entity Filer Category" } } }, "localname": "EntityFilerCategory", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "filerCategoryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r287" ], "lang": { "en-US": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name", "terseLabel": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "normalizedStringItemType" }, "dei_EntitySmallBusiness": { "auth_ref": [ "r287" ], "lang": { "en-US": { "role": { "documentation": "Indicates that the company is a smaller reporting company with both a public float and revenues of less than $75 million.", "label": "Entity Small Business", "terseLabel": "Entity Small Business" } } }, "localname": "EntitySmallBusiness", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "invest_DerivativeNotionalAmount": { "auth_ref": [ "r288" ], "lang": { "en-US": { "role": { "documentation": "Aggregate notional amount specified by the derivative(s). Expressed as an absolute value.", "label": "Derivative, Notional Amount", "terseLabel": "Derivative, notional amount" } } }, "localname": "DerivativeNotionalAmount", "nsuri": "http://xbrl.sec.gov/invest/2013-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "phm_A4.250unsecuredseniornotesdueMarch2021Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "4.250% unsecured senior notes due March 2021", "label": "4.250% unsecured senior notes due March 2021 [Member]", "terseLabel": "4.250% unsecured senior notes due March 2021" } } }, "localname": "A4.250unsecuredseniornotesdueMarch2021Member", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "phm_A5.500unsecuredseniornotesdueMarch2026Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "5.500% unsecured senior notes due March 2026 [Member]", "label": "5.500% unsecured senior notes due March 2026 [Member]", "terseLabel": "5.500% unsecured senior notes due March 2026" } } }, "localname": "A5.500unsecuredseniornotesdueMarch2026Member", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "phm_AdditionsToSelfInsuranceReserves": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Additions to self insurance reserves during the period", "label": "Additions to self insurance reserves", "terseLabel": "Reserves provided, net" } } }, "localname": "AdditionsToSelfInsuranceReserves", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesInSelfInsuranceLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "phm_AdjustmentToSelfInsuranceReserves": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Adjustment to self insurance reserves", "label": "Adjustment to self insurance reserves", "terseLabel": "Adjustment to self insurance reserves" } } }, "localname": "AdjustmentToSelfInsuranceReserves", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesInSelfInsuranceLiabilityDetails", "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "monetaryItemType" }, "phm_Averagesellingpriceofimpairedcommunities": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "average selling price of impaired communities", "label": "average selling price of impaired communities", "terseLabel": "Average selling price ($000s)" } } }, "localname": "Averagesellingpriceofimpairedcommunities", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/InventoryInventoryFairValueUnobservableInputsDetails" ], "xbrltype": "monetaryItemType" }, "phm_Carryingamountimpairedlandpriorimpairment": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Carrying amount impairedl land - prior impairment", "label": "Carryingamountimpairedland-priorimpairment", "terseLabel": "Carrying amount impaired land - prior impairment" } } }, "localname": "Carryingamountimpairedlandpriorimpairment", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/InventoryNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "phm_ChangesinSelfinsuranceLiabilityRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Changes in Self-insurance Liability [Roll Forward]", "label": "Changes in Self-insurance Liability [Roll Forward]", "terseLabel": "Changes in Self-insurance Liability [Roll Forward]" } } }, "localname": "ChangesinSelfinsuranceLiabilityRollForward", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesInSelfInsuranceLiabilityDetails" ], "xbrltype": "stringItemType" }, "phm_ComponentsOfInventoryTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Components of homebuilder inventory", "label": "Components of inventory [Table Text Block]", "terseLabel": "Components of Inventory" } } }, "localname": "ComponentsOfInventoryTableTextBlock", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/InventoryTables" ], "xbrltype": "textBlockItemType" }, "phm_ConsolidatedandUnconsolidatedVIEsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Consolidated and Unconsolidated VIEs [Member]", "label": "Consolidated and Unconsolidated VIEs [Member]", "terseLabel": "Land options with VIEs" } } }, "localname": "ConsolidatedandUnconsolidatedVIEsMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/InventorySummaryOfInterestsInLandOptionAgreementsDetails" ], "xbrltype": "domainItemType" }, "phm_Contractassetinsurancerenewals": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "contract asset insurance renewals", "label": "contract asset insurance renewals", "terseLabel": "contract asset insurance renewals" } } }, "localname": "Contractassetinsurancerenewals", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "phm_DebtCovenantAdditionalIssuanceofLettersofCreditMaximum": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Debt Covenant, Additional Issuance of Letters of Credit Maximum", "label": "Debt Covenant, Additional Issuance of Letters of Credit Maximum", "terseLabel": "Maximum additional issuance" } } }, "localname": "DebtCovenantAdditionalIssuanceofLettersofCreditMaximum", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "phm_DebtInstrumentEffectivePeriodAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Debt Instrument, Effective Period [Axis]", "label": "Debt Instrument, Effective Period [Axis]", "terseLabel": "Debt Instrument, Effective Period [Axis]" } } }, "localname": "DebtInstrumentEffectivePeriodAxis", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "stringItemType" }, "phm_DebtInstrumentEffectivePeriodPeriodFourMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Debt Instrument, Effective Period, Period Four [Member]", "label": "Debt Instrument, Effective Period, Period Four [Member]", "terseLabel": "Amendment Effective March 25, 2019 through August 2, 2019" } } }, "localname": "DebtInstrumentEffectivePeriodPeriodFourMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_DebtInstrumentEffectivePeriodPeriodOneMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Debt Instrument, Effective Period, Period One [Member]", "label": "Debt Instrument, Effective Period, Period One [Member]", "terseLabel": "Amendment Effective September 24, 2018 through and including December 25, 2018" } } }, "localname": "DebtInstrumentEffectivePeriodPeriodOneMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_DebtInstrumentEffectivePeriodPeriodThreeMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Debt Instrument, Effective Period, Period Three [Member]", "label": "Debt Instrument, Effective Period, Period Three [Member]", "terseLabel": "Amendment Effective January 15, 2019 through and including March 24, 2019" } } }, "localname": "DebtInstrumentEffectivePeriodPeriodThreeMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_DebtInstrumentEffectivePeriodPeriodTwoMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Debt Instrument, Effective Period, Period Two [Member]", "label": "Debt Instrument, Effective Period, Period Two [Member]", "terseLabel": "Amendment Effective December 26, 2018 through and including January 14, 2019" } } }, "localname": "DebtInstrumentEffectivePeriodPeriodTwoMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_DiscountRateFairValue": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "DiscountRateFairValue", "label": "DiscountRateFairValue", "terseLabel": "Discount rate" } } }, "localname": "DiscountRateFairValue", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/InventoryInventoryFairValueUnobservableInputsDetails" ], "xbrltype": "percentItemType" }, "phm_DocumentAndEntityInformationAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Document And Entity Information [Abstract]", "label": "Document And Entity Information [Abstract]" } } }, "localname": "DocumentAndEntityInformationAbstract", "nsuri": "http://www.pultegroupinc.com/20180930", "xbrltype": "stringItemType" }, "phm_EffectivePeriodDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "[Domain] for Effective Period [Axis]", "label": "Effective Period [Domain]", "terseLabel": "Effective Period [Domain]" } } }, "localname": "EffectivePeriodDomain", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_EquityInIncomeLossOfSubsidiaries": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Equity in income (loss) of subsidiaries", "label": "Equity In Income Loss Of Subsidiaries", "terseLabel": "Equity in income (loss) of subsidiaries" } } }, "localname": "EquityInIncomeLossOfSubsidiaries", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "phm_FairValueAssetsAndLiabilitiesMeasuredOnNonRecurringBasisAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Fair Value, Assets and Liabilities Measured on Non-Recurring Basis [Abstract]", "label": "Fair Value, Assets and Liabilities Measured on Non-Recurring Basis [Abstract]", "terseLabel": "Measured at fair value on a non-recurring basis:" } } }, "localname": "FairValueAssetsAndLiabilitiesMeasuredOnNonRecurringBasisAbstract", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "stringItemType" }, "phm_FairValueDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Fair Value Disclosure [Abstract]", "label": "Fair Value Disclosure [Abstract]", "terseLabel": "Disclosed at fair value:" } } }, "localname": "FairValueDisclosureAbstract", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "stringItemType" }, "phm_FinancialServicesMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Financial Services [Member]", "label": "Financial Services Member", "terseLabel": "Financial Services" } } }, "localname": "FinancialServicesMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "domainItemType" }, "phm_FloridaMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Florida geographic segment [Member]", "label": "Florida [Member]", "terseLabel": "Florida", "verboseLabel": "Florida" } } }, "localname": "FloridaMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToWarrantyLiabilityDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationSegmentInformationLandRelatedChargesBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "domainItemType" }, "phm_GainlossonLandSalegainsNet": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Gain (loss) on Land Sale gains, Net", "label": "Gain (loss) on Land Sale gains, Net", "terseLabel": "Gain (loss) on land sale gains, net" } } }, "localname": "GainlossonLandSalegainsNet", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "phm_HomebuilderCapitalizedInterestRollforwardTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Homebuilder capitalized interest rollforward [Table Text Block]", "label": "Homebuilder capitalized interest rollforward [Table Text Block]", "terseLabel": "Capitalized Interest Rollforward" } } }, "localname": "HomebuilderCapitalizedInterestRollforwardTableTextBlock", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/InventoryTables" ], "xbrltype": "textBlockItemType" }, "phm_IncomeLossBeforeEquityInIncomeLossOfSubsidiaries": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Income (loss) before equity in income (loss) of subsidiaries", "label": "Income (loss) before equity in income (loss) of subsidiaries", "totalLabel": "Income (loss) before equity in income (loss) of subsidiaries" } } }, "localname": "IncomeLossBeforeEquityInIncomeLossOfSubsidiaries", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "phm_IncomeLossBeforeIncomeTaxesAndEquityInIncomeLossOfSubsidiaries": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails": { "order": 1.0, "parentTag": "phm_IncomeLossBeforeEquityInIncomeLossOfSubsidiaries", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Income (Loss) Before Income Taxes And Equity In Income (Loss) Of Subsidiaries", "label": "Income (Loss) Before Income Taxes And Equity In Income (Loss) Of Subsidiaries", "terseLabel": "Income (loss) before income taxes and equity in income (loss) of subsidiaries" } } }, "localname": "IncomeLossBeforeIncomeTaxesAndEquityInIncomeLossOfSubsidiaries", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "phm_IncurredButNotReportedPercentageOfLiabilityReserves": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Incurred but not reported percentage of liability reserves", "label": "Incurred but not reported percentage of liability reserves", "terseLabel": "Incurred but not reported percentage of liability reserves" } } }, "localname": "IncurredButNotReportedPercentageOfLiabilityReserves", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "percentItemType" }, "phm_IntercompanyInterest": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Intercompany interest expense (income).", "label": "Intercompany Interest", "terseLabel": "Intercompany interest" } } }, "localname": "IntercompanyInterest", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "phm_Interestpaidcapitalizednet": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Interest paid (capitalized), net", "label": "Interest paid (capitalized), net", "terseLabel": "Interest paid (capitalized), net" } } }, "localname": "Interestpaidcapitalizednet", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "phm_JointVentureDebtCompanyProportionateShareTotal": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Total liability for proportionate share of joint venture debt.", "label": "Joint Venture Debt Company Proportionate Share Total", "terseLabel": "Joint venture debt company proportionate share total" } } }, "localname": "JointVentureDebtCompanyProportionateShareTotal", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "phm_JointVentureDebtTotal": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Joint Venture Debt Total", "label": "Joint Venture Debt Total", "terseLabel": "Joint venture debt total" } } }, "localname": "JointVentureDebtTotal", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "phm_LandHeldForSaleMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Land Held For Sale [Member]", "label": "Land Held For Sale [Member]", "terseLabel": "Land held for sale" } } }, "localname": "LandHeldForSaleMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "phm_LettersofcreditandsuretybondsPolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "[Table Text Block] for Letters of credit and surety bonds [Table]", "label": "Letters of credit and surety bonds [Policy Text Block]", "terseLabel": "Letters of credit and surety bonds" } } }, "localname": "LettersofcreditandsuretybondsPolicyTextBlock", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationPolicy" ], "xbrltype": "textBlockItemType" }, "phm_LitigationofRecordedInsuranceReceivable": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Litigation of Recorded Insurance Receivable", "label": "Litigation of Recorded Insurance Receivable", "terseLabel": "Litigation of recorded insurance receivable" } } }, "localname": "LitigationofRecordedInsuranceReceivable", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "phm_MaximumProductWarrantyInYears": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Maximum product warranty in years", "label": "Maximum product warranty in years", "terseLabel": "Maximum product warranty in years" } } }, "localname": "MaximumProductWarrantyInYears", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "durationItemType" }, "phm_MidWestMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "MidWest Geographic Segment [Member]", "label": "MidWest [Member]", "terseLabel": "Midwest" } } }, "localname": "MidWestMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "domainItemType" }, "phm_MidwestMemberMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Midwest Geographic Segment [Member]", "label": "Midwest [Member] [Member]", "terseLabel": "Midwest" } } }, "localname": "MidwestMemberMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationSegmentInformationLandRelatedChargesBySegmentDetails" ], "xbrltype": "domainItemType" }, "phm_NetRealizableValueAdjustmentsLandHeldForSaleTotal": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/InventoryInventorySummaryOfLandRelatedChargesDetailsDetails": { "order": 1.0, "parentTag": "us-gaap_ProductionRelatedImpairmentsOrCharges", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Charge against earnings in the period to reduce the current value of land held for sale to its fair value.", "label": "Net Realizable Value Adjustments Land Held For Sale Total", "terseLabel": "Net realizable value adjustments (NRV) - land held for sale" } } }, "localname": "NetRealizableValueAdjustmentsLandHeldForSaleTotal", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/InventoryInventorySummaryOfLandRelatedChargesDetailsDetails", "http://www.pultegroupinc.com/role/InventoryNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "phm_NortheastMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Northeast geographic segment [Member]", "label": "Northeast [Member]", "terseLabel": "Northeast" } } }, "localname": "NortheastMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationSegmentInformationLandRelatedChargesBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "domainItemType" }, "phm_NumberOfClaimsUnderReviewByManagement": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Number Of Claims Under Review By Management", "label": "Number Of Claims Under Review By Management", "terseLabel": "Number of individual claims managed" } } }, "localname": "NumberOfClaimsUnderReviewByManagement", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "integerItemType" }, "phm_NumberOfCommunities": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Number Of Communities", "label": "Number Of Communities", "terseLabel": "Number of communities" } } }, "localname": "NumberOfCommunities", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/InventoryNarrativeDetails" ], "xbrltype": "integerItemType" }, "phm_NumberOfCommunitiesTestedForImpairment": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Number Of Communities Tested For Impairment", "label": "Number Of Communities Tested For Impairment", "terseLabel": "Number of communities tested for impairment" } } }, "localname": "NumberOfCommunitiesTestedForImpairment", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/InventoryNarrativeDetails" ], "xbrltype": "integerItemType" }, "phm_OtherHomebuildingMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Other Homebuilding [Member]", "label": "Other Homebuilding [Member]", "terseLabel": "Other homebuilding" } } }, "localname": "OtherHomebuildingMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationSegmentInformationLandRelatedChargesBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "domainItemType" }, "phm_OtherLandOptionAgreementsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Other Land Option Agreements [Member]", "label": "Other Land Option Agreements Member", "terseLabel": "Other land options" } } }, "localname": "OtherLandOptionAgreementsMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/InventorySummaryOfInterestsInLandOptionAgreementsDetails" ], "xbrltype": "domainItemType" }, "phm_RemainingPurchasePriceOfAllLandOptionAgreements": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Remaining Purchase Price Of All Land Option Agreements", "label": "Remaining Purchase Price Of All Land Option Agreements", "terseLabel": "Remaining Purchase Price" } } }, "localname": "RemainingPurchasePriceOfAllLandOptionAgreements", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/InventorySummaryOfInterestsInLandOptionAgreementsDetails" ], "xbrltype": "monetaryItemType" }, "phm_RevolvingCreditFacilityAccordionFeatureMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Revolving Credit Facility Accordion Feature [Member]", "label": "Revolving Credit Facility Accordion Feature [Member]", "terseLabel": "Revolving Credit Facility Accordion Feature" } } }, "localname": "RevolvingCreditFacilityAccordionFeatureMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_Salespaceperquarter": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "sales pace per quarter", "label": "sales pace per quarter", "terseLabel": "Sales pace per quarter (units)" } } }, "localname": "Salespaceperquarter", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/InventoryInventoryFairValueUnobservableInputsDetails" ], "xbrltype": "integerItemType" }, "phm_ScheduleOfCompanyInterestsInLandOptionAgreementsTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Schedule Of Company Interests In Land Option Agreements [Table Text Block]", "label": "Schedule Of Company Interests In Land Option Agreements [Table Text Block]", "terseLabel": "Schedule Of Company Interests In Land Option Agreements" } } }, "localname": "ScheduleOfCompanyInterestsInLandOptionAgreementsTableTextBlock", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/InventoryTables" ], "xbrltype": "textBlockItemType" }, "phm_ScheduleOfImpairmentLossesTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Schedule Of Impairment Losses [Table Text Block]", "label": "Schedule Of Impairment Losses [Table Text Block]", "terseLabel": "Schedule Of Impairment Losses" } } }, "localname": "ScheduleOfImpairmentLossesTableTextBlock", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/InventoryTables" ], "xbrltype": "textBlockItemType" }, "phm_SelfInsuranceLiabilityRollforwardTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Self-insurance liability rollforward", "label": "Self-insurance liability rollforward [Table Text Block]", "terseLabel": "Summary of Changes in Self-Insurance Liability" } } }, "localname": "SelfInsuranceLiabilityRollforwardTableTextBlock", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesTables" ], "xbrltype": "textBlockItemType" }, "phm_SeniorUnsecuredTermLoanMaturingJanuary32027MemberDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Senior Unsecured Term Loan Maturing January 3, 2027 [Member] [Domain]", "label": "Senior Unsecured Term Loan Maturing January 3, 2027 [Member] [Domain]", "terseLabel": "5.000% unsecured senior notes due January 2027" } } }, "localname": "SeniorUnsecuredTermLoanMaturingJanuary32027MemberDomain", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "phm_SharerepurchaseplanMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Authorized stock repurchase programs [Member]", "label": "Share repurchase plan [Member]", "terseLabel": "Share repurchase plan" } } }, "localname": "SharerepurchaseplanMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_ShareswithheldtopaytaxesMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Shares withheld to pay taxes for restricted shares that vested during the period [Member]", "label": "Shares withheld to pay taxes [Member]", "terseLabel": "Shares withheld to pay taxes" } } }, "localname": "ShareswithheldtopaytaxesMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_SoutheastMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Southeast geographic segment [Member]", "label": "Southeast [Member]", "terseLabel": "Southeast" } } }, "localname": "SoutheastMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationSegmentInformationLandRelatedChargesBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "domainItemType" }, "phm_SouthwestMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Southwest Geographic Segment [Member]", "label": "Southwest [Member]", "verboseLabel": "West" } } }, "localname": "SouthwestMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "domainItemType" }, "phm_SummaryOfChangesInLoanOriginationLiabilityTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Summary of changes in loan origination liability [Table Text Block]", "label": "Summary of changes in loan origination liability [Table Text Block]", "terseLabel": "Summary of Changes in Loan Origination Liability" } } }, "localname": "SummaryOfChangesInLoanOriginationLiabilityTableTextBlock", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesTables" ], "xbrltype": "textBlockItemType" }, "phm_SupplementalGuarantorInformationAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Supplemental Guarantor Information", "label": "Supplemental Guarantor Information [Abstract]" } } }, "localname": "SupplementalGuarantorInformationAbstract", "nsuri": "http://www.pultegroupinc.com/20180930", "xbrltype": "stringItemType" }, "phm_SuretyBondsOutstanding": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Surety Bonds Outstanding", "label": "Surety Bonds Outstanding", "terseLabel": "Surety bonds outstanding" } } }, "localname": "SuretyBondsOutstanding", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "phm_TexasMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Texas Geographic Segment [Member]", "label": "Texas [Member]", "verboseLabel": "Texas" } } }, "localname": "TexasMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "domainItemType" }, "phm_TexasMemberMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Texas Geographic Segment [Member]", "label": "Texas [Member] [Member]", "terseLabel": "Texas" } } }, "localname": "TexasMemberMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationSegmentInformationLandRelatedChargesBySegmentDetails" ], "xbrltype": "domainItemType" }, "phm_UnconsolidatedJointVenturesMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Unconsolidated Joint Ventures [Member]", "label": "Unconsolidated Joint Ventures [Member]", "terseLabel": "Unconsolidated Joint Ventures" } } }, "localname": "UnconsolidatedJointVenturesMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_UnsecuredSeniorNotes600DueFebruary2035Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Unsecured Senior Notes 6.00% due February 2035", "label": "Unsecured Senior Notes 6.00% due February 2035 [Member]", "terseLabel": "6.000% unsecured senior notes due February 2035" } } }, "localname": "UnsecuredSeniorNotes600DueFebruary2035Member", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "phm_UnsecuredSeniorNotes6375DueMay2033Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Unsecured Senior Notes 6.375% due May 2033", "label": "Unsecured Senior Notes 6.375% due May 2033 [Member]", "terseLabel": "6.375% unsecured senior notes due May 2033" } } }, "localname": "UnsecuredSeniorNotes6375DueMay2033Member", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "phm_UnsecuredSeniorNotes7875DueJune2032Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Unsecured Senior Notes 7.875% due June 2032", "label": "Unsecured Senior Notes 7.875% due June 2032 [Member]", "terseLabel": "7.875% unsecured senior notes due June 2032" } } }, "localname": "UnsecuredSeniorNotes7875DueJune2032Member", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "phm_WestMemberMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "West Geographic Segment [Member]", "label": "West [Member] [Member]", "terseLabel": "West" } } }, "localname": "WestMemberMember", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationSegmentInformationLandRelatedChargesBySegmentDetails" ], "xbrltype": "domainItemType" }, "phm_West_2Q18_land_sales_number": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "West_2Q18_land_sales_number", "label": "West_2Q18_land_sales_number", "terseLabel": "Number of land sales" } } }, "localname": "West_2Q18_land_sales_number", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "stringItemType" }, "phm_West_area_2Q18_land_sale": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "West area 2Q18 land gains", "label": "West_area_2Q18_land_sale", "negatedTerseLabel": "West area gains on land sale transactions" } } }, "localname": "West_area_2Q18_land_sale", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "monetaryItemType" }, "phm_WriteOffOfDepositsAndPreAcquisitionCosts": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/BasisOfPresentationOtherExpenseIncomeNetDetails": { "order": 1.0, "parentTag": "us-gaap_NonoperatingIncomeExpense", "weight": -1.0 }, "http://www.pultegroupinc.com/role/InventoryInventorySummaryOfLandRelatedChargesDetailsDetails": { "order": 4.0, "parentTag": "us-gaap_ProductionRelatedImpairmentsOrCharges", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Write Off Of Deposits And Pre Acquisition Costs", "label": "Write Off Of Deposits And Pre Acquisition Costs", "negatedTerseLabel": "Write-offs of deposits and pre-acquisition costs", "terseLabel": "Write-offs of deposits and pre-acquisition costs" } } }, "localname": "WriteOffOfDepositsAndPreAcquisitionCosts", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationOtherExpenseIncomeNetDetails", "http://www.pultegroupinc.com/role/InventoryInventorySummaryOfLandRelatedChargesDetailsDetails" ], "xbrltype": "monetaryItemType" }, "phm_Writeoffofinsurancereceivables": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Write-off of insurance receivables", "label": "Write-off of insurance receivables", "terseLabel": "Write-off of insurance receivables" } } }, "localname": "Writeoffofinsurancereceivables", "nsuri": "http://www.pultegroupinc.com/20180930", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "monetaryItemType" }, "srt_ConsolidatedEntitiesAxis": { "auth_ref": [ "r286", "r289" ], "lang": { "en-US": { "role": { "documentation": "Information by consolidated entity or group of entities.", "label": "Consolidated Entities [Axis]", "terseLabel": "Consolidated Entities [Axis]" } } }, "localname": "ConsolidatedEntitiesAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "stringItemType" }, "srt_ConsolidatedEntitiesDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Entity or group of entities consolidated into reporting entity.", "label": "Consolidated Entities [Domain]", "terseLabel": "Consolidated Entities [Domain]" } } }, "localname": "ConsolidatedEntitiesDomain", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "srt_ConsolidationItemsAxis": { "auth_ref": [ "r109", "r120" ], "lang": { "en-US": { "role": { "documentation": "Information by components, eliminations, non-segment corporate-level activity and reconciling items used in consolidating a parent entity and its subsidiaries or its operating segments.", "label": "Consolidation Items [Axis]", "terseLabel": "Consolidation Items [Axis]" } } }, "localname": "ConsolidationItemsAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "stringItemType" }, "srt_ConsolidationItemsDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Components, elimination, non-segment corporate-level activity and reconciling items used in consolidating a parent entity and its subsidiaries or its operating segments.", "label": "Consolidation Items [Domain]", "terseLabel": "Consolidation Items [Domain]" } } }, "localname": "ConsolidationItemsDomain", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "srt_EquityMethodInvesteeNameDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of investment, including named security. Excludes consolidated entity.", "label": "Investment, Name [Domain]", "terseLabel": "Investment, Name [Domain]" } } }, "localname": "EquityMethodInvesteeNameDomain", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "domainItemType" }, "srt_GuarantorSubsidiariesMember": { "auth_ref": [ "r163", "r290" ], "lang": { "en-US": { "role": { "documentation": "Entity owned or controlled by another entity which has guaranteed the issue of securities by another subsidiary of the parent or has guaranteed the issue of securities by the parent.", "label": "Guarantor Subsidiaries [Member]", "verboseLabel": "Guarantor Subsidiaries" } } }, "localname": "GuarantorSubsidiariesMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "srt_MaximumMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Upper limit of the provided range.", "label": "Maximum [Member]", "terseLabel": "Maximum" } } }, "localname": "MaximumMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/InventoryInventoryFairValueUnobservableInputsDetails" ], "xbrltype": "domainItemType" }, "srt_MinimumMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Lower limit of the provided range.", "label": "Minimum [Member]", "terseLabel": "Minimum" } } }, "localname": "MinimumMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryInventoryFairValueUnobservableInputsDetails" ], "xbrltype": "domainItemType" }, "srt_NonGuarantorSubsidiariesMember": { "auth_ref": [ "r164", "r291" ], "lang": { "en-US": { "role": { "documentation": "Entity owned or controlled by another entity which has not guaranteed the issue of securities by another subsidiary of the parent or has not guaranteed the issue of securities by the parent.", "label": "Non-Guarantor Subsidiaries [Member]", "verboseLabel": "Non-Guarantor Subsidiaries" } } }, "localname": "NonGuarantorSubsidiariesMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "srt_ParentCompanyMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The registrant that controls, directly or indirectly, another entity (or entities). The usual condition for control is ownership of a majority (over 50%) of the outstanding voting stock. The power to control may also exist with a lesser percentage of ownership, for example, by contract, lease, agreement with other stockholders or by court decree.", "label": "Parent Company [Member]", "terseLabel": "PulteGroup, Inc." } } }, "localname": "ParentCompanyMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "srt_ProductOrServiceAxis": { "auth_ref": [ "r121", "r180", "r181", "r285" ], "lang": { "en-US": { "role": { "documentation": "Information by product and service, or group of similar products and similar services.", "label": "Product and Service [Axis]", "terseLabel": "Product and Service [Axis]" } } }, "localname": "ProductOrServiceAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "stringItemType" }, "srt_ProductsAndServicesDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Product or service, or a group of similar products or similar services.", "label": "Product and Service [Domain]", "terseLabel": "Product and Service [Domain]" } } }, "localname": "ProductsAndServicesDomain", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "srt_RangeAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by range, including, but not limited to, upper and lower bounds.", "label": "Range [Axis]", "terseLabel": "Range [Axis]" } } }, "localname": "RangeAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/InventoryInventoryFairValueUnobservableInputsDetails" ], "xbrltype": "stringItemType" }, "srt_RangeMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Extent of variation, for example, but not limited to, upper and lower bounds.", "label": "Range [Domain]", "terseLabel": "Range [Domain]" } } }, "localname": "RangeMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/InventoryInventoryFairValueUnobservableInputsDetails" ], "xbrltype": "domainItemType" }, "srt_ScheduleOfCondensedBalanceSheetTableTextBlock": { "auth_ref": [ "r292" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations.", "label": "Condensed Balance Sheet [Table Text Block]", "terseLabel": "Consolidating Balance Sheet" } } }, "localname": "ScheduleOfCondensedBalanceSheetTableTextBlock", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationTables" ], "xbrltype": "textBlockItemType" }, "srt_ScheduleOfCondensedCashFlowStatementTableTextBlock": { "auth_ref": [ "r292" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations.", "label": "Condensed Cash Flow Statement [Table Text Block]", "terseLabel": "Consolidating Statement Of Cash Flows" } } }, "localname": "ScheduleOfCondensedCashFlowStatementTableTextBlock", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationTables" ], "xbrltype": "textBlockItemType" }, "srt_ScheduleOfCondensedIncomeStatementTableTextBlock": { "auth_ref": [ "r292" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations.", "label": "Condensed Income Statement [Table Text Block]", "terseLabel": "Consolidating Statement of Operations and Comprehensive Income (Loss)" } } }, "localname": "ScheduleOfCondensedIncomeStatementTableTextBlock", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationTables" ], "xbrltype": "textBlockItemType" }, "srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis": { "auth_ref": [ "r125" ], "lang": { "en-US": { "role": { "documentation": "Information by name of investment, including named security. Excludes consolidated entity.", "label": "Investment, Name [Axis]", "terseLabel": "Investment, Name [Axis]" } } }, "localname": "ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_AccountingPoliciesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Accounting Policies [Abstract]" } } }, "localname": "AccountingPoliciesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent": { "auth_ref": [ "r259", "r278" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 1.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.", "label": "Accounts Payable and Accrued Liabilities", "verboseLabel": "Accounts payable, customer deposits, accrued and other liabilities" } } }, "localname": "AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccountsPayableCurrentAndNoncurrent": { "auth_ref": [ "r260", "r277" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 1.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.", "label": "Accounts Payable", "terseLabel": "Accounts payable" } } }, "localname": "AccountsPayableCurrentAndNoncurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccruedIncomeTaxes": { "auth_ref": [ "r7", "r9", "r196", "r256", "r272" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 4.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 2.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all domestic and foreign income tax obligations due. This amount is the total of current and noncurrent accrued income taxes.", "label": "Accrued Income Taxes", "terseLabel": "Income tax liabilities" } } }, "localname": "AccruedIncomeTaxes", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent": { "auth_ref": [ "r260", "r277" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 3.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities.", "label": "Accrued Liabilities", "terseLabel": "Accrued and other liabilities" } } }, "localname": "AccruedLiabilitiesCurrentAndNoncurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccumulatedOtherComprehensiveIncomeMember": { "auth_ref": [ "r30", "r31", "r32", "r205" ], "lang": { "en-US": { "role": { "documentation": "Accumulated increase (decrease) in equity from transactions and other events and circumstances from non-owner sources, attributable to the parent. Excludes net income (loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners.", "label": "AOCI Attributable to Parent [Member]", "terseLabel": "Accumulated Other Comprehensive Income (Loss)" } } }, "localname": "AccumulatedOtherComprehensiveIncomeMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_AdditionalPaidInCapitalMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders.", "label": "Additional Paid-in Capital [Member]", "terseLabel": "Additional Paid-in Capital" } } }, "localname": "AdditionalPaidInCapitalMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue": { "auth_ref": [ "r185", "r186", "r189", "r190" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase to additional paid-in capital (APIC) from recognition of equity-based compensation.", "label": "Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition", "terseLabel": "Share-based compensation" } } }, "localname": "AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]", "terseLabel": "Adjustments to reconcile net income to net cash from operating activities:" } } }, "localname": "AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_AmortizationOfIntangibleAssets": { "auth_ref": [ "r65", "r130", "r134" ], "calculation": { "http://www.pultegroupinc.com/role/BasisOfPresentationOtherExpenseIncomeNetDetails": { "order": 2.0, "parentTag": "us-gaap_NonoperatingIncomeExpense", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.", "label": "Amortization of Intangible Assets", "negatedTerseLabel": "Amortization of intangible assets" } } }, "localname": "AmortizationOfIntangibleAssets", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationOtherExpenseIncomeNetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_Assets": { "auth_ref": [ "r112", "r254", "r271" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.", "label": "Assets", "terseLabel": "Total Assets", "totalLabel": "Total assets" } } }, "localname": "Assets", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AssetsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Assets [Abstract]", "terseLabel": "ASSETS" } } }, "localname": "AssetsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "stringItemType" }, "us-gaap_AssetsFairValueDisclosure": { "auth_ref": [ "r225" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.", "label": "Assets, Fair Value Disclosure", "terseLabel": "Assets, Fair Value Disclosure" } } }, "localname": "AssetsFairValueDisclosure", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_BalanceSheetLocationAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by location on balance sheet (statement of financial position).", "label": "Balance Sheet Location [Axis]", "terseLabel": "Balance Sheet Location [Axis]" } } }, "localname": "BalanceSheetLocationAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_BalanceSheetLocationDomain": { "auth_ref": [ "r217", "r218" ], "lang": { "en-US": { "role": { "documentation": "Location in the balance sheet (statement of financial position).", "label": "Balance Sheet Location [Domain]", "terseLabel": "Balance Sheet Location [Domain]" } } }, "localname": "BalanceSheetLocationDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock": { "auth_ref": [ "r81" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for the basis of presentation and significant accounting policies concepts. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). Accounting policies describe all significant accounting policies of the reporting entity.", "label": "Basis of Presentation and Significant Accounting Policies [Text Block]", "terseLabel": "Basis of presentation" } } }, "localname": "BasisOfPresentationAndSignificantAccountingPoliciesTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentation" ], "xbrltype": "textBlockItemType" }, "us-gaap_CashAndCashEquivalentsAtCarryingValue": { "auth_ref": [ "r3", "r15", "r67" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 1.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents", "weight": 1.0 }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 1.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.", "label": "Cash and Cash Equivalents, at Carrying Value", "terseLabel": "Cash and equivalents" } } }, "localname": "CashAndCashEquivalentsAtCarryingValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashAndCashEquivalentsFairValueDisclosure": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.", "label": "Cash and Cash Equivalents, Fair Value Disclosure", "terseLabel": "Cash, cash equivalents, and restricted cash" } } }, "localname": "CashAndCashEquivalentsFairValueDisclosure", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents": { "auth_ref": [ "r61", "r67", "r69" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.", "label": "Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents", "periodEndLabel": "Cash, cash equivalents, and restricted cash at end of period", "periodStartLabel": "Cash, cash equivalents, and restricted cash at beginning of period", "totalLabel": "Total cash, cash equivalents, and restricted cash" } } }, "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect": { "auth_ref": [ "r61", "r239" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) in cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; excluding effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.", "label": "Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect", "terseLabel": "Net increase (decrease) in cash, cash equivalents, and restricted cash", "totalLabel": "Net increase (decrease) in cash, cash equivalents, and restricted cash" } } }, "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ClassOfStockLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Class of Stock [Line Items]", "terseLabel": "Class of Stock [Line Items]" } } }, "localname": "ClassOfStockLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ClassificationOfVariableInterestEntityDomain": { "auth_ref": [ "r206", "r207", "r208", "r209" ], "lang": { "en-US": { "role": { "documentation": "Categorization of Variable Interest Entities (VIE) for consolidation and (or) disclosure purposes, whether individually or in aggregate, by: (1) VIEs consolidated because the entity is the primary beneficiary, (2) VIEs not consolidated because the entity is not the primary beneficiary, and (3) VIEs or potential VIEs that are not consolidated because necessary information is not available. In general, a VIE is a corporation, partnership, trust, or any other legal structure used for business purposes that either (a) does not have equity investors with voting rights or (b) has equity investors that do not provide sufficient financial resources for the entity to support its activities. A VIE often holds financial assets, including loans or receivables, real estate or other property. A VIE may be essentially passive or it may engage in research and development or other activities on behalf of another company.", "label": "Variable Interest Entity, Classification [Domain]", "terseLabel": "Variable Interest Entity, Classification [Domain]" } } }, "localname": "ClassificationOfVariableInterestEntityDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventorySummaryOfInterestsInLandOptionAgreementsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_CommitmentsAndContingenciesDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Commitments and Contingencies Disclosure [Abstract]" } } }, "localname": "CommitmentsAndContingenciesDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_CommitmentsAndContingenciesDisclosureTextBlock": { "auth_ref": [ "r143", "r152" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for commitments and contingencies.", "label": "Commitments and Contingencies Disclosure [Text Block]", "terseLabel": "Commitments and contingencies" } } }, "localname": "CommitmentsAndContingenciesDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingencies" ], "xbrltype": "textBlockItemType" }, "us-gaap_CommonStockDividendsPerShareDeclared": { "auth_ref": [ "r176" ], "lang": { "en-US": { "role": { "documentation": "Aggregate dividends declared during the period for each share of common stock outstanding.", "label": "Common Stock, Dividends, Per Share, Declared", "terseLabel": "Cash dividends declared (usd per share)" } } }, "localname": "CommonStockDividendsPerShareDeclared", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "perShareItemType" }, "us-gaap_CommonStockMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Stock that is subordinate to all other stock of the issuer.", "label": "Common Stock [Member]", "terseLabel": "Common Stock" } } }, "localname": "CommonStockMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_CommonStockSharesOutstanding": { "auth_ref": [ "r11", "r169" ], "lang": { "en-US": { "role": { "documentation": "Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.", "label": "Common Stock, Shares, Outstanding", "periodEndLabel": "Shareholders' Equity, shares end of period (shares)", "periodStartLabel": "Shareholders' Equity, shares beginning of period (shares)" } } }, "localname": "CommonStockSharesOutstanding", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "sharesItemType" }, "us-gaap_ComprehensiveIncomeNetOfTax": { "auth_ref": [ "r35", "r37", "r38" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.", "label": "Comprehensive Income (Loss), Net of Tax, Attributable to Parent", "totalLabel": "Comprehensive income (loss)" } } }, "localname": "ComprehensiveIncomeNetOfTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ComprehensiveIncomeNetOfTaxAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]" } } }, "localname": "ComprehensiveIncomeNetOfTaxAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock": { "auth_ref": [ "r203", "r265" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.", "label": "Condensed Financial Information of Parent Company Only Disclosure [Text Block]", "terseLabel": "Supplemental Guarantor information" } } }, "localname": "CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformation" ], "xbrltype": "textBlockItemType" }, "us-gaap_ConsolidationPolicyTextBlock": { "auth_ref": [ "r71", "r204", "r211", "r212" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.", "label": "Consolidation, Policy [Policy Text Block]", "terseLabel": "Consolidation policy" } } }, "localname": "ConsolidationPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_CostOfGoodsAndServicesSold": { "auth_ref": [ "r45" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.", "label": "Cost of Goods and Services Sold", "negatedLabel": "Cost of revenues" } } }, "localname": "CostOfGoodsAndServicesSold", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CostOfRevenue": { "auth_ref": [ "r46" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": 4.0, "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The aggregate cost of goods produced and sold and services rendered during the reporting period.", "label": "Cost of Revenue", "negatedTerseLabel": "Cost of revenues" } } }, "localname": "CostOfRevenue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CostOfRevenueAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Cost of Revenue [Abstract]", "terseLabel": "Homebuilding Cost of Revenues:" } } }, "localname": "CostOfRevenueAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "stringItemType" }, "us-gaap_CumulativeEffectOnRetainedEarningsNetOfTax1": { "auth_ref": [ "r83" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of the cumulative effect on retained earnings net of related income tax effect.", "label": "Cumulative Effect on Retained Earnings, Net of Tax", "terseLabel": "Cumulative effect of accounting change (see Note 1)" } } }, "localname": "CumulativeEffectOnRetainedEarningsNetOfTax1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_CustomerAdvancesAndDeposits": { "auth_ref": [ "r279" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 2.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Refundable consideration, usually cash, held by the entity pending satisfactory completion of the entity's obligations or pending the closing of a contract.", "label": "Customer Advances and Deposits", "terseLabel": "Customer deposits" } } }, "localname": "CustomerAdvancesAndDeposits", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails", "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_DebtDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Debt Disclosure [Abstract]" } } }, "localname": "DebtDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_DebtDisclosureTextBlock": { "auth_ref": [ "r165" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.", "label": "Debt Disclosure [Text Block]", "terseLabel": "Debt" } } }, "localname": "DebtDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/Debt" ], "xbrltype": "textBlockItemType" }, "us-gaap_DebtInstrumentAxis": { "auth_ref": [ "r6", "r7", "r8", "r255", "r257", "r269" ], "lang": { "en-US": { "role": { "documentation": "Information by type of debt instrument, including, but not limited to, draws against credit facilities.", "label": "Debt Instrument [Axis]", "terseLabel": "Debt Instrument [Axis]" } } }, "localname": "DebtInstrumentAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DebtInstrumentFaceAmount": { "auth_ref": [ "r244", "r246" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Face (par) amount of debt instrument at time of issuance.", "label": "Debt Instrument, Face Amount", "terseLabel": "Face amount" } } }, "localname": "DebtInstrumentFaceAmount", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DebtInstrumentFairValue": { "auth_ref": [ "r236" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable.", "label": "Debt Instrument, Fair Value Disclosure", "verboseLabel": "Senior notes payable" } } }, "localname": "DebtInstrumentFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DebtInstrumentInterestRateStatedPercentage": { "auth_ref": [ "r23" ], "lang": { "en-US": { "role": { "documentation": "Contractual interest rate for funds borrowed, under the debt agreement.", "label": "Debt Instrument, Interest Rate, Stated Percentage", "verboseLabel": "Stated interest rate" } } }, "localname": "DebtInstrumentInterestRateStatedPercentage", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails" ], "xbrltype": "percentItemType" }, "us-gaap_DebtInstrumentLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Debt Instrument [Line Items]", "terseLabel": "Debt Instrument [Line Items]" } } }, "localname": "DebtInstrumentLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DebtInstrumentNameDomain": { "auth_ref": [ "r24" ], "lang": { "en-US": { "role": { "documentation": "The name for the particular debt instrument or borrowing that distinguishes it from other debt instruments or borrowings, including draws against credit facilities.", "label": "Debt Instrument, Name [Domain]", "terseLabel": "Debt Instrument, Name [Domain]" } } }, "localname": "DebtInstrumentNameDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_DebtInstrumentTable": { "auth_ref": [ "r24", "r75", "r170", "r173", "r174", "r175", "r243", "r244", "r246", "r268" ], "lang": { "en-US": { "role": { "documentation": "A table or schedule providing information pertaining to long-term debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the company, if longer.", "label": "Schedule of Long-term Debt Instruments [Table]", "terseLabel": "Schedule of Long-term Debt Instruments [Table]" } } }, "localname": "DebtInstrumentTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DebtInstrumentTerm": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.", "label": "Debt Instrument, Term", "terseLabel": "Debt instrument term" } } }, "localname": "DebtInstrumentTerm", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "durationItemType" }, "us-gaap_DeferredFinanceCostsNet": { "auth_ref": [ "r17", "r245" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs.", "label": "Debt Issuance Costs, Net", "negatedTerseLabel": "Net premiums, discounts, and issuance costs (b)" } } }, "localname": "DeferredFinanceCostsNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredIncomeTaxAssetsNet": { "auth_ref": [ "r198" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 9.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, with jurisdictional netting.", "label": "Deferred Income Tax Assets, Net", "terseLabel": "Deferred tax assets, net" } } }, "localname": "DeferredIncomeTaxAssetsNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredIncomeTaxExpenseBenefit": { "auth_ref": [ "r65", "r73", "r199", "r200" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.", "label": "Deferred Income Tax Expense (Benefit)", "terseLabel": "Deferred income tax expense" } } }, "localname": "DeferredIncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsLiabilitiesNet": { "auth_ref": [ "r198" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, without jurisdictional netting.", "label": "Deferred Tax Assets, Net", "terseLabel": "Deferred tax assets, net" } } }, "localname": "DeferredTaxAssetsLiabilitiesNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DepreciationAndAmortization": { "auth_ref": [ "r65", "r135" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 4.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.", "label": "Depreciation, Depletion and Amortization, Nonproduction", "terseLabel": "Depreciation and amortization" } } }, "localname": "DepreciationAndAmortization", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_DerivativeInstrumentsInHedgesAssetsAtFairValue": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Aggregate fair value of all derivative assets designated as hedging instruments. Includes instruments designated as cash flow hedges, fair value hedges, and hedges of net investments in foreign operations.", "label": "Derivative Instruments in Hedges, Assets, at Fair Value", "terseLabel": "Other Assets" } } }, "localname": "DerivativeInstrumentsInHedgesAssetsAtFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationFairValueOfCompanysDerivativeInstrumentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DerivativeInstrumentsInHedgesLiabilitiesAtFairValue": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Aggregate fair value of all derivative liabilities designated as hedging instruments. Includes instruments designated as cash flow hedges, fair value hedges, and hedges of net investments in foreign operations.", "label": "Derivative Instruments in Hedges, Liabilities, at Fair Value", "terseLabel": "Accrued and Other Liabilities" } } }, "localname": "DerivativeInstrumentsInHedgesLiabilitiesAtFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationFairValueOfCompanysDerivativeInstrumentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DerivativesPolicyTextBlock": { "auth_ref": [ "r71", "r79", "r213", "r214", "r215", "r216", "r221" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for its derivative instruments and hedging activities.", "label": "Derivatives, Policy [Policy Text Block]", "terseLabel": "Derivative instruments and hedging activities" } } }, "localname": "DerivativesPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_Dividends": { "auth_ref": [ "r176", "r267" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of paid and unpaid cash, stock, and paid-in-kind (PIK) dividends declared, for example, but not limited to, common and preferred stock.", "label": "Dividends", "negatedTerseLabel": "Dividends declared", "terseLabel": "Dividends" } } }, "localname": "Dividends", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity", "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_EarningsPerShareAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Earnings Per Share [Abstract]", "terseLabel": "Per share:", "verboseLabel": "Earnings per share:" } } }, "localname": "EarningsPerShareAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationEarningsPerShareDetails", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "stringItemType" }, "us-gaap_EarningsPerShareBasic": { "auth_ref": [ "r42", "r82", "r87", "r93", "r94", "r95", "r99", "r264", "r283" ], "lang": { "en-US": { "role": { "documentation": "The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.", "label": "Earnings Per Share, Basic", "terseLabel": "Basic earnings (usd per share)" } } }, "localname": "EarningsPerShareBasic", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationEarningsPerShareDetails", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "perShareItemType" }, "us-gaap_EarningsPerShareBasicAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Earnings Per Share, Basic [Abstract]", "terseLabel": "Numerator:" } } }, "localname": "EarningsPerShareBasicAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationEarningsPerShareDetails" ], "xbrltype": "stringItemType" }, "us-gaap_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]", "terseLabel": "Number of shares used in calculation:" } } }, "localname": "EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "stringItemType" }, "us-gaap_EarningsPerShareDiluted": { "auth_ref": [ "r42", "r82", "r87", "r93", "r94", "r95", "r99", "r264", "r283" ], "lang": { "en-US": { "role": { "documentation": "The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.", "label": "Earnings Per Share, Diluted", "terseLabel": "Diluted earnings (usd per share)" } } }, "localname": "EarningsPerShareDiluted", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationEarningsPerShareDetails", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "perShareItemType" }, "us-gaap_EarningsPerSharePolicyTextBlock": { "auth_ref": [ "r71", "r96", "r97", "r98" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.", "label": "Earnings Per Share, Policy [Policy Text Block]", "terseLabel": "Earnings per share" } } }, "localname": "EarningsPerSharePolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_EffectiveIncomeTaxRateContinuingOperations": { "auth_ref": [ "r78", "r192", "r193" ], "lang": { "en-US": { "role": { "documentation": "Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.", "label": "Effective Income Tax Rate Reconciliation, Percent", "terseLabel": "Effective income tax" } } }, "localname": "EffectiveIncomeTaxRateContinuingOperations", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EquityComponentDomain": { "auth_ref": [ "r169" ], "lang": { "en-US": { "role": { "documentation": "Components of equity are the parts of the total Equity balance including that which is allocated to common, preferred, treasury stock, retained earnings, etc.", "label": "Equity Component [Domain]", "terseLabel": "Equity Component [Domain]" } } }, "localname": "EquityComponentDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_EquityMethodInvestmentOwnershipPercentage": { "auth_ref": [ "r125" ], "lang": { "en-US": { "role": { "documentation": "The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.", "label": "Equity Method Investment, Ownership Percentage", "terseLabel": "Equity method investment, ownership percentage" } } }, "localname": "EquityMethodInvestmentOwnershipPercentage", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EquityMethodInvestments": { "auth_ref": [ "r16", "r113", "r124" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 6.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.", "label": "Equity Method Investments", "verboseLabel": "Investments in unconsolidated entities" } } }, "localname": "EquityMethodInvestments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]", "terseLabel": "Measured at fair value on a recurring basis:" } } }, "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]", "terseLabel": "Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]" } } }, "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable": { "auth_ref": [ "r224", "r225", "r226", "r227", "r231", "r232" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of information about financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.", "label": "Fair Value Measurements, Recurring and Nonrecurring [Table]", "terseLabel": "Fair Value Measurements, Recurring and Nonrecurring [Table]" } } }, "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable": { "auth_ref": [ "r228" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of information about input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.", "label": "Fair Value Measurement Inputs and Valuation Techniques [Table]", "terseLabel": "Fair Value Measurement Inputs and Valuation Techniques [Table]" } } }, "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryInventoryFairValueUnobservableInputsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock": { "auth_ref": [ "r228" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.", "label": "Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]", "terseLabel": "Schedule of Fair Value Inputs" } } }, "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock": { "auth_ref": [ "r224", "r225", "r226" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2.", "label": "Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]", "terseLabel": "Fair Value, Assets Measured on Recurring and Nonrecurring Basis" } } }, "localname": "FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain": { "auth_ref": [ "r229", "r232" ], "lang": { "en-US": { "role": { "documentation": "Class of asset.", "label": "Asset Class [Domain]", "terseLabel": "Asset Class [Domain]" } } }, "localname": "FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueByAssetClassAxis": { "auth_ref": [ "r225", "r232" ], "lang": { "en-US": { "role": { "documentation": "Information by class of asset.", "label": "Asset Class [Axis]", "terseLabel": "Asset Class [Axis]" } } }, "localname": "FairValueByAssetClassAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueByFairValueHierarchyLevelAxis": { "auth_ref": [ "r182", "r183", "r184", "r226", "r247" ], "lang": { "en-US": { "role": { "documentation": "Information by level within fair value hierarchy and fair value measured at net asset value per share as practical expedient.", "label": "Fair Value Hierarchy and NAV [Axis]", "terseLabel": "Fair Value Hierarchy and NAV [Axis]" } } }, "localname": "FairValueByFairValueHierarchyLevelAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueByMeasurementFrequencyAxis": { "auth_ref": [ "r224" ], "lang": { "en-US": { "role": { "documentation": "Information by measurement frequency.", "label": "Measurement Frequency [Axis]", "terseLabel": "Measurement Frequency [Axis]" } } }, "localname": "FairValueByMeasurementFrequencyAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueDisclosuresAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Fair Value Disclosures [Abstract]" } } }, "localname": "FairValueDisclosuresAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_FairValueDisclosuresTextBlock": { "auth_ref": [ "r234" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.", "label": "Fair Value Disclosures [Text Block]", "verboseLabel": "Fair value disclosures" } } }, "localname": "FairValueDisclosuresTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosures" ], "xbrltype": "textBlockItemType" }, "us-gaap_FairValueInputsLevel1Member": { "auth_ref": [ "r182", "r183", "r184", "r226", "r248" ], "lang": { "en-US": { "role": { "documentation": "Quoted prices in active markets for identical assets or liabilities that the reporting entity can access at the measurement date.", "label": "Fair Value, Inputs, Level 1 [Member]", "terseLabel": "Level 1" } } }, "localname": "FairValueInputsLevel1Member", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueInputsLevel2Member": { "auth_ref": [ "r182", "r183", "r184", "r226", "r249" ], "lang": { "en-US": { "role": { "documentation": "Inputs other than quoted prices included within level 1 that are observable for an asset or liability, either directly or indirectly, including, but not limited to, quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in inactive markets.", "label": "Fair Value, Inputs, Level 2 [Member]", "terseLabel": "Level 2" } } }, "localname": "FairValueInputsLevel2Member", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueInputsLevel3Member": { "auth_ref": [ "r182", "r183", "r184", "r226", "r250" ], "lang": { "en-US": { "role": { "documentation": "Unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.", "label": "Fair Value, Inputs, Level 3 [Member]", "terseLabel": "Level 3" } } }, "localname": "FairValueInputsLevel3Member", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueMeasurementFrequencyDomain": { "auth_ref": [ "r224", "r230" ], "lang": { "en-US": { "role": { "documentation": "Provides the general categories used to describe the frequency with which financial assets and liabilities (as defined) are measured at fair value (on a recurring or nonrecurring basis).", "label": "Fair Value, Measurement Frequency [Domain]", "terseLabel": "Fair Value, Measurement Frequency [Domain]" } } }, "localname": "FairValueMeasurementFrequencyDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueMeasurementsFairValueHierarchyDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Categories used to prioritize the inputs to valuation techniques to measure fair value.", "label": "Fair Value Hierarchy and NAV [Domain]", "terseLabel": "Fair Value Hierarchy and NAV [Domain]" } } }, "localname": "FairValueMeasurementsFairValueHierarchyDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueMeasurementsNonrecurringMember": { "auth_ref": [ "r224", "r230" ], "lang": { "en-US": { "role": { "documentation": "This item represents a description of the frequency with which certain items are measured at fair value. Items measured at fair value on a nonrecurring basis generally include those items for which measurement inputs are not readily available and which are measured at fair value infrequently (for example, impaired assets).", "label": "Fair Value, Measurements, Nonrecurring [Member]", "terseLabel": "Fair Value, Measurements, Nonrecurring" } } }, "localname": "FairValueMeasurementsNonrecurringMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueMeasurementsRecurringMember": { "auth_ref": [ "r224", "r230" ], "lang": { "en-US": { "role": { "documentation": "This item represents a description of the frequency with which certain items are measured at fair value. Items measured at fair value on a recurring basis generally include those items for which measurement inputs are readily available and which are measured at fair value at successive reporting periods.", "label": "Fair Value, Measurements, Recurring [Member]", "terseLabel": "Fair Value, Measurements, Recurring" } } }, "localname": "FairValueMeasurementsRecurringMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueOfFinancialInstrumentsPolicy": { "auth_ref": [ "r71", "r233", "r235" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for determining the fair value of financial instruments.", "label": "Fair Value of Financial Instruments, Policy [Policy Text Block]", "terseLabel": "Fair value of financial instruments" } } }, "localname": "FairValueOfFinancialInstrumentsPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]", "terseLabel": "Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]" } } }, "localname": "FairValueOffBalanceSheetRisksDisclosureInformationLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationFairValueOfCompanysDerivativeInstrumentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueOptionChangesInFairValueGainLoss1": { "auth_ref": [ "r238" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings.", "label": "Fair Value, Option, Changes in Fair Value, Gain (Loss)", "terseLabel": "Changes in fair value, gain (loss)" } } }, "localname": "FairValueOptionChangesInFairValueGainLoss1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FairValueOptionQuantitativeDisclosuresLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Fair Value, Option, Quantitative Disclosures [Line Items]", "terseLabel": "Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31)" } } }, "localname": "FairValueOptionQuantitativeDisclosuresLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryInventoryFairValueUnobservableInputsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FinancialInstrumentAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by type of financial instrument.", "label": "Financial Instrument [Axis]", "terseLabel": "Financial Instrument [Axis]" } } }, "localname": "FinancialInstrumentAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationFairValueOfCompanysDerivativeInstrumentsDetails", "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails", "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FinancialServiceMember": { "auth_ref": [ "r181" ], "lang": { "en-US": { "role": { "documentation": "Financial assistance, including, but not limited to, management and maintenance of depositor account, credit card, merchant discount, trust, investment and insurance.", "label": "Financial Service [Member]", "terseLabel": "Financial Services" } } }, "localname": "FinancialServiceMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FiniteLivedIntangibleAssetsLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Finite-Lived Intangible Assets [Line Items]", "terseLabel": "Finite-Lived Intangible Assets [Line Items]" } } }, "localname": "FiniteLivedIntangibleAssetsLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ForwardContractsMember": { "auth_ref": [ "r220" ], "lang": { "en-US": { "role": { "documentation": "Contracts negotiated between two parties to purchase and sell a specific quantity of a financial instrument, foreign currency, or commodity at a price specified at origination of the contract, with delivery and settlement at a specified future date.", "label": "Forward Contracts [Member]", "terseLabel": "Forward contracts" } } }, "localname": "ForwardContractsMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationFairValueOfCompanysDerivativeInstrumentsDetails", "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails", "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_GainLossOnSaleOfMortgageLoans": { "auth_ref": [ "r65" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The gains (losses) included in earnings that represent the difference between the sale price and the carrying value of loans made to finance real estate acquisitions. This element refers to the gain (loss) and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method.", "label": "Gain (Loss) on Sale of Mortgage Loans", "verboseLabel": "Net gains from the sale of mortgages" } } }, "localname": "GainLossOnSaleOfMortgageLoans", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_HomeBuildingMember": { "auth_ref": [ "r181" ], "lang": { "en-US": { "role": { "documentation": "Design, development, general contracting, and renovation of residential building, including, but not limited to, single-family housing, multifamily housing, townhouse, apartment, and modular housing.", "label": "Home Building [Member]", "terseLabel": "Home sales", "verboseLabel": "Home sale" } } }, "localname": "HomeBuildingMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ImpairmentLossesRelatedToRealEstatePartnerships": { "auth_ref": [ "r66", "r136" ], "calculation": { "http://www.pultegroupinc.com/role/InventoryInventorySummaryOfLandRelatedChargesDetailsDetails": { "order": 3.0, "parentTag": "us-gaap_ProductionRelatedImpairmentsOrCharges", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Impairment losses measured as the amount by which the carrying amount of the business or real estate partnerships exceeds the fair value of the business or partnership.", "label": "Impairment Losses Related to Real Estate Partnerships", "terseLabel": "Impairments of unconsolidated entities" } } }, "localname": "ImpairmentLossesRelatedToRealEstatePartnerships", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationOtherExpenseIncomeNetDetails", "http://www.pultegroupinc.com/role/InventoryInventorySummaryOfLandRelatedChargesDetailsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ImpairmentOfRealEstate": { "auth_ref": [ "r65", "r136" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 3.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 }, "http://www.pultegroupinc.com/role/InventoryInventorySummaryOfLandRelatedChargesDetailsDetails": { "order": 2.0, "parentTag": "us-gaap_ProductionRelatedImpairmentsOrCharges", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The charge against earnings in the period to reduce the carrying amount of real property to fair value.", "label": "Impairment of Real Estate", "terseLabel": "Land-related charges", "verboseLabel": "Land inventory impairments" } } }, "localname": "ImpairmentOfRealEstate", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/InventoryInventorySummaryOfLandRelatedChargesDetailsDetails", "http://www.pultegroupinc.com/role/InventoryNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic": { "auth_ref": [ "r77" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": 1.0, "parentTag": "us-gaap_NetIncomeLoss", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations.", "label": "Income (Loss) from Continuing Operations before Income Taxes, Domestic", "terseLabel": "Income before income taxes", "totalLabel": "Income before income taxes" } } }, "localname": "IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeLossFromEquityMethodInvestments": { "auth_ref": [ "r40", "r65", "r110", "r124", "r262", "r281" ], "calculation": { "http://www.pultegroupinc.com/role/BasisOfPresentationOtherExpenseIncomeNetDetails": { "order": 5.0, "parentTag": "us-gaap_NonoperatingIncomeExpense", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.", "label": "Income (Loss) from Equity Method Investments", "terseLabel": "Equity in earnings (loss) of unconsolidated entities" } } }, "localname": "IncomeLossFromEquityMethodInvestments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationOtherExpenseIncomeNetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeStatementAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Income Statement [Abstract]" } } }, "localname": "IncomeStatementAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_IncomeTaxDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Income Tax Disclosure [Abstract]" } } }, "localname": "IncomeTaxDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_IncomeTaxDisclosureTextBlock": { "auth_ref": [ "r202" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.", "label": "Income Tax Disclosure [Text Block]", "terseLabel": "Income taxes" } } }, "localname": "IncomeTaxDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxes" ], "xbrltype": "textBlockItemType" }, "us-gaap_IncomeTaxExpenseBenefit": { "auth_ref": [ "r73", "r111", "r201" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": 2.0, "parentTag": "us-gaap_NetIncomeLoss", "weight": -1.0 }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails": { "order": 2.0, "parentTag": "phm_IncomeLossBeforeEquityInIncomeLossOfSubsidiaries", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.", "label": "Income Tax Expense (Benefit)", "negatedLabel": "Income tax (expense) benefit", "negatedTerseLabel": "Income tax expense" } } }, "localname": "IncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeTaxesPaidNet": { "auth_ref": [ "r68" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes.", "label": "Income Taxes Paid, Net", "terseLabel": "Income taxes paid, net" } } }, "localname": "IncomeTaxesPaidNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities": { "auth_ref": [ "r64" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 10.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.", "label": "Increase (Decrease) in Accounts Payable and Accrued Liabilities", "terseLabel": "Accounts payable, accrued and other liabilities" } } }, "localname": "IncreaseDecreaseInAccountsPayableAndAccruedLiabilities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInInventories": { "auth_ref": [ "r64" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 7.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities.", "label": "Increase (Decrease) in Inventories", "negatedLabel": "Inventories" } } }, "localname": "IncreaseDecreaseInInventories", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve": { "auth_ref": [ "r64" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) in liability to reflect the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date.", "label": "Increase (Decrease) in Liability for Claims and Claims Adjustment Expense Reserve", "terseLabel": "Adjustments to previously recorded reserves (a)" } } }, "localname": "IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesInSelfInsuranceLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale": { "auth_ref": [ "r64" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 8.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in the value of mortgage loans that are held with the intention to sell or be securitized in the near future.", "label": "Increase (Decrease) in Mortgage Loans Held-for-sale", "negatedLabel": "Residential mortgage loans available-for-sale" } } }, "localname": "IncreaseDecreaseInMortgageLoansHeldForSale", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInOperatingCapitalAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Increase (Decrease) in Operating Capital [Abstract]", "terseLabel": "Increase (decrease) in cash due to:" } } }, "localname": "IncreaseDecreaseInOperatingCapitalAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_IncreaseDecreaseInOtherOperatingAssets": { "auth_ref": [ "r64" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 9.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) in operating assets classified as other.", "label": "Increase (Decrease) in Other Operating Assets", "negatedLabel": "Other assets" } } }, "localname": "IncreaseDecreaseInOtherOperatingAssets", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInStockholdersEquityRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.", "label": "Increase (Decrease) in Stockholders' Equity [Roll Forward]", "terseLabel": "Increase (Decrease) in Stockholders' Equity [Roll Forward]" } } }, "localname": "IncreaseDecreaseInStockholdersEquityRollForward", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "stringItemType" }, "us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements": { "auth_ref": [ "r88", "r97" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": 2.0, "parentTag": "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method.", "label": "Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements", "terseLabel": "Effect of dilutive securities (shares)", "verboseLabel": "Effect of dilutive securities (shares)" } } }, "localname": "IncrementalCommonSharesAttributableToShareBasedPaymentArrangements", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationEarningsPerShareDetails", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "sharesItemType" }, "us-gaap_IntangibleAssetsNetExcludingGoodwill": { "auth_ref": [ "r129", "r132" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 8.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.", "label": "Intangible Assets, Net (Excluding Goodwill)", "terseLabel": "Intangible assets" } } }, "localname": "IntangibleAssetsNetExcludingGoodwill", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InterestExpenseOther": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/BasisOfPresentationOtherExpenseIncomeNetDetails": { "order": 4.0, "parentTag": "us-gaap_NonoperatingIncomeExpense", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of interest expense classified as other.", "label": "Interest Expense, Other", "negatedTerseLabel": "Interest expense" } } }, "localname": "InterestExpenseOther", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationOtherExpenseIncomeNetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InterestIncomeOther": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/BasisOfPresentationOtherExpenseIncomeNetDetails": { "order": 3.0, "parentTag": "us-gaap_NonoperatingIncomeExpense", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of interest income earned from interest bearing assets classified as other.", "label": "Interest Income, Other", "terseLabel": "Interest income" } } }, "localname": "InterestIncomeOther", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationOtherExpenseIncomeNetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InterestRateLockCommitmentsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Commitments to extend credit where the interest rate is locked in advance of funds being disbursed for a specified period of time.", "label": "Interest Rate Lock Commitments [Member]", "terseLabel": "Interest rate lock commitments" } } }, "localname": "InterestRateLockCommitmentsMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationFairValueOfCompanysDerivativeInstrumentsDetails", "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails", "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_IntersegmentEliminationMember": { "auth_ref": [ "r117" ], "lang": { "en-US": { "role": { "documentation": "Eliminating entries used in operating segment consolidation.", "label": "Intersegment Eliminations [Member]", "terseLabel": "Eliminating Entries" } } }, "localname": "IntersegmentEliminationMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "us-gaap_InventoryDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Inventory Disclosure [Abstract]" } } }, "localname": "InventoryDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_InventoryDisclosureTextBlock": { "auth_ref": [ "r127" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.", "label": "Inventory Disclosure [Text Block]", "terseLabel": "Inventory" } } }, "localname": "InventoryDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/Inventory" ], "xbrltype": "textBlockItemType" }, "us-gaap_InventoryHomesUnderConstruction": { "auth_ref": [ "r28" ], "calculation": { "http://www.pultegroupinc.com/role/InventoryMajorComponentsOfInventoryDetails": { "order": 1.0, "parentTag": "us-gaap_InventoryOperativeBuilders", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Carrying amount as of the balance sheet date of capitalized construction costs of homes for future sale.", "label": "Inventory, Homes under Construction", "verboseLabel": "Homes under construction" } } }, "localname": "InventoryHomesUnderConstruction", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryMajorComponentsOfInventoryDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InventoryInterestCapitalizationPolicy": { "auth_ref": [ "r71", "r240" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for (i) capitalizing to inventory the interest costs incurred on land development, home construction, and building construction projects, (ii) charging such capitalized costs against earnings, including identification of the line item captions reflecting such expense (typically cost of sales), and (iii) allocating such costs to projects.", "label": "Inventory, Interest Capitalization Policy [Policy Text Block]", "terseLabel": "Inventory interest capitalization" } } }, "localname": "InventoryInterestCapitalizationPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_InventoryOperativeBuilders": { "auth_ref": [ "r28" ], "calculation": { "http://www.pultegroupinc.com/role/InventoryMajorComponentsOfInventoryDetails": { "order": null, "parentTag": null, "root": true, "weight": null }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 3.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The net carrying amount as of the balance sheet date of the sum of the various components of an operative builder's inventory, including finished homes. Operative builders primarily consist of entities that develop land, construct residential homes and commercial and industrial buildings thereon, and sell them to home buyers and operators of the commercial and industrial properties.", "label": "Inventory, Operative Builders", "terseLabel": "House and land inventory", "totalLabel": "Total Inventory" } } }, "localname": "InventoryOperativeBuilders", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/InventoryMajorComponentsOfInventoryDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InventoryRealEstateHeldForSale": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 4.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Represents properties which were acquired directly or through foreclosure for which a committed plan to sell exists and an active program to market such properties has been initiated.", "label": "Inventory, Real Estate, Held-for-sale", "terseLabel": "Land held for sale" } } }, "localname": "InventoryRealEstateHeldForSale", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts": { "auth_ref": [ "r28" ], "calculation": { "http://www.pultegroupinc.com/role/InventoryMajorComponentsOfInventoryDetails": { "order": 3.0, "parentTag": "us-gaap_InventoryOperativeBuilders", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Carrying amount as of the balance sheet date, net of valuation allowances and impairment losses, of costs of land expected to be developed in the near term plus capitalized costs of development, for purposes of selling completed units to home buyers or commercial or industrial entities..", "label": "Inventory, Real Estate, Land and Land Development Costs", "terseLabel": "Raw land" } } }, "localname": "InventoryRealEstateLandAndLandDevelopmentCosts", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryMajorComponentsOfInventoryDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InventoryRealEstateMortgageLoansHeldInInventory": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Represents mortgage loans held in inventory primarily for sale to others (third parties, businesses, legal entities) in the ordinary course of business.", "label": "Inventory, Real Estate, Mortgage Loans Held in Inventory", "verboseLabel": "Residential mortgage loans available-for-sale aggregate outstanding principal balance" } } }, "localname": "InventoryRealEstateMortgageLoansHeldInInventory", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures": { "auth_ref": [ "r16" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 10.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of investment in equity method investee and investment in and advance to affiliate.", "label": "Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures", "terseLabel": "Investments in subsidiaries and intercompany accounts, net" } } }, "localname": "InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LandAvailableForDevelopment": { "auth_ref": [ "r276" ], "calculation": { "http://www.pultegroupinc.com/role/InventoryMajorComponentsOfInventoryDetails": { "order": 2.0, "parentTag": "us-gaap_InventoryOperativeBuilders", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Carrying amount of land available for development.", "label": "Land Available for Development", "terseLabel": "Land under development" } } }, "localname": "LandAvailableForDevelopment", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryMajorComponentsOfInventoryDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LandMember": { "auth_ref": [ "r181" ], "lang": { "en-US": { "role": { "documentation": "Part of earth's surface not covered by water.", "label": "Land [Member]", "terseLabel": "Land sale and other", "verboseLabel": "House and land inventory" } } }, "localname": "LandMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LegalCostsPolicyTextBlock": { "auth_ref": [ "r70", "r71", "r151" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for legal costs incurred to protect or defend the entity's assets and rights, or to obtain assets, including monetary damages, or to obtain rights.", "label": "Legal Costs, Policy [Policy Text Block]", "verboseLabel": "Legal reserves" } } }, "localname": "LegalCostsPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_LettersOfCreditOutstandingAmount": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The total amount of the contingent obligation under letters of credit outstanding as of the reporting date.", "label": "Letters of Credit Outstanding, Amount", "terseLabel": "Letters of credit outstanding" } } }, "localname": "LettersOfCreditOutstandingAmount", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails", "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_Liabilities": { "auth_ref": [ "r22" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 1.0, "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0 }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.", "label": "Liabilities", "totalLabel": "Total liabilities" } } }, "localname": "Liabilities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LiabilitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Liabilities [Abstract]", "terseLabel": "Liabilities:" } } }, "localname": "LiabilitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LiabilitiesAndStockholdersEquity": { "auth_ref": [ "r14", "r258", "r275" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.", "label": "Liabilities and Equity", "terseLabel": "Total liabilities and shareholders' equity", "totalLabel": "Total liabilities and shareholders' equity" } } }, "localname": "LiabilitiesAndStockholdersEquity", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LiabilitiesAndStockholdersEquityAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Liabilities and Equity [Abstract]", "terseLabel": "LIABILITIES AND SHAREHOLDERS' EQUITY" } } }, "localname": "LiabilitiesAndStockholdersEquityAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LiabilitiesFairValueDisclosure": { "auth_ref": [ "r225" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Fair value of financial and nonfinancial obligations.", "label": "Financial and Nonfinancial Liabilities, Fair Value Disclosure", "terseLabel": "Financial and Nonfinancial Liabilities, Fair Value Disclosure" } } }, "localname": "LiabilitiesFairValueDisclosure", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LineOfCredit": { "auth_ref": [ "r8", "r257", "r269" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 5.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 3.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.", "label": "Long-term Line of Credit", "terseLabel": "Long-term line of credit", "verboseLabel": "Financial Services debt" } } }, "localname": "LineOfCredit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity": { "auth_ref": [ "r19" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.", "label": "Line of Credit Facility, Maximum Borrowing Capacity", "terseLabel": "Maximum borrowing capacity" } } }, "localname": "LineOfCreditFacilityMaximumBorrowingCapacity", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity": { "auth_ref": [ "r19" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding).", "label": "Line of Credit Facility, Remaining Borrowing Capacity", "terseLabel": "Line of credit facility, remaining borrowing capacity" } } }, "localname": "LineOfCreditFacilityRemainingBorrowingCapacity", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LineOfCreditMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A contractual arrangement with a lender under which borrowings can be made up to a specific amount at any point in time, and under which borrowings outstanding may be either short-term or long-term, depending upon the particulars.", "label": "Line of Credit [Member]", "terseLabel": "Line of Credit" } } }, "localname": "LineOfCreditMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LinesOfCreditCurrent": { "auth_ref": [ "r6", "r255" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The carrying value as of the balance sheet date of the current portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.", "label": "Line of Credit, Current", "terseLabel": "Line of credit, current" } } }, "localname": "LinesOfCreditCurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LinesOfCreditFairValueDisclosure": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Fair value portion of contractual arrangement with a lender under which borrowings can be made up to a specific amount at any point in time.", "label": "Lines of Credit, Fair Value Disclosure", "terseLabel": "Financial Services debt" } } }, "localname": "LinesOfCreditFairValueDisclosure", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LoanPurchaseCommitmentsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Commitment to purchase loans from a third party.", "label": "Loan Purchase Commitments [Member]", "terseLabel": "Whole loan commitments" } } }, "localname": "LoanPurchaseCommitmentsMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationFairValueOfCompanysDerivativeInstrumentsDetails", "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails", "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LoansHeldForSaleFairValueDisclosure": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 5.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value portion of loans held-for-sale including, but not limited to, mortgage loans and finance receivables.", "label": "Loans Held-for-sale, Fair Value Disclosure", "terseLabel": "Residential mortgage loans available-for-sale", "verboseLabel": "Residential mortgage loans available-for-sale fair value" } } }, "localname": "LoansHeldForSaleFairValueDisclosure", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails", "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis": { "auth_ref": [ "r2" ], "lang": { "en-US": { "role": { "documentation": "Represents the assets held for sale.", "label": "Long Lived Assets Held-for-sale by Asset Type [Axis]", "terseLabel": "Long Lived Assets Held-for-sale by Asset Type [Axis]" } } }, "localname": "LongLivedAssetsHeldForSaleByAssetTypeAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LongLivedAssetsHeldForSaleNameDomain": { "auth_ref": [ "r2" ], "lang": { "en-US": { "role": { "documentation": "A name of the assets to be disposed.", "label": "Long Lived Assets Held-for-sale, Name [Domain]", "terseLabel": "Fair Value Measurement [Domain]" } } }, "localname": "LongLivedAssetsHeldForSaleNameDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LongtermDebtTypeAxis": { "auth_ref": [ "r24" ], "lang": { "en-US": { "role": { "documentation": "Information by type of long-term debt.", "label": "Long-term Debt, Type [Axis]", "terseLabel": "Long-term Debt, Type [Axis]" } } }, "localname": "LongtermDebtTypeAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LongtermDebtTypeDomain": { "auth_ref": [ "r24", "r162" ], "lang": { "en-US": { "role": { "documentation": "Type of long-term debt arrangement, such as notes, line of credit, commercial paper, asset-based financing, project financing, letter of credit financing. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the company, if longer.", "label": "Long-term Debt, Type [Domain]", "terseLabel": "Long-term Debt, Type [Domain]" } } }, "localname": "LongtermDebtTypeDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LossContingenciesLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Loss Contingencies [Line Items]", "terseLabel": "Loss Contingencies [Line Items]" } } }, "localname": "LossContingenciesLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToWarrantyLiabilityDetails", "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LossContingenciesTable": { "auth_ref": [ "r144", "r145", "r146", "r147", "r148", "r149", "r150", "r153", "r154" ], "lang": { "en-US": { "role": { "documentation": "Discloses the specific components (such as the nature, name, and date) of the loss contingency and gives an estimate of the possible loss or range of loss, or states that a reasonable estimate cannot be made. Excludes environmental contingencies, warranties and unconditional purchase obligations.", "label": "Loss Contingencies [Table]", "terseLabel": "Loss Contingencies [Table]" } } }, "localname": "LossContingenciesTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToWarrantyLiabilityDetails", "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LossContingencyAccrualAtCarryingValue": { "auth_ref": [ "r144" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of loss contingency liability.", "label": "Loss Contingency Accrual", "terseLabel": "Loss Contingency Accrual" } } }, "localname": "LossContingencyAccrualAtCarryingValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToAnticipatedLoanLossesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LossContingencyReceivable": { "auth_ref": [ "r154" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of receivable related to a loss contingency accrual. For example, an insurance recovery receivable.", "label": "Loss Contingency, Receivable", "terseLabel": "Recorded insurance receivables" } } }, "localname": "LossContingencyReceivable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_MarketableSecuritiesPolicy": { "auth_ref": [ "r266" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for investment classified as marketable security.", "label": "Marketable Securities, Policy [Policy Text Block]", "terseLabel": "Residential mortgage loans available-for-sale" } } }, "localname": "MarketableSecuritiesPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_MaximumLengthOfTimeHedgedInCashFlowHedge1": { "auth_ref": [ "r223" ], "lang": { "en-US": { "role": { "documentation": "Maximum length of time over which the entity is hedging its exposure to the variability in future cash flows for forecasted transactions, excluding those forecasted transactions related to the payment of variable interest on existing financial instruments, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.", "label": "Maximum Length of Time Hedged in Cash Flow Hedge", "terseLabel": "Variability in future cash flows of derivative instruments in days" } } }, "localname": "MaximumLengthOfTimeHedgedInCashFlowHedge1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails" ], "xbrltype": "durationItemType" }, "us-gaap_MeasurementInputDiscountRateMember": { "auth_ref": [ "r228" ], "lang": { "en-US": { "role": { "documentation": "Measurement input using interest rate to determine present value of future cash flows.", "label": "Measurement Input, Discount Rate [Member]", "terseLabel": "Measurement Input, Discount Rate" } } }, "localname": "MeasurementInputDiscountRateMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryInventoryFairValueUnobservableInputsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_MeasurementInputTypeAxis": { "auth_ref": [ "r228" ], "lang": { "en-US": { "role": { "documentation": "Information by type of measurement input used to determine value of asset and liability.", "label": "Measurement Input Type [Axis]", "terseLabel": "Measurement Input Type [Axis]" } } }, "localname": "MeasurementInputTypeAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryInventoryFairValueUnobservableInputsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_MeasurementInputTypeDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Measurement input used to determine value of asset and liability.", "label": "Measurement Input Type [Domain]", "terseLabel": "Measurement Input Type [Domain]" } } }, "localname": "MeasurementInputTypeDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryInventoryFairValueUnobservableInputsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_MovementInStandardProductWarrantyAccrualRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.", "label": "Movement in Standard Product Warranty Accrual [Roll Forward]", "terseLabel": "Movement in Standard Product Warranty Accrual [Roll Forward]" } } }, "localname": "MovementInStandardProductWarrantyAccrualRollForward", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToWarrantyLiabilityDetails" ], "xbrltype": "stringItemType" }, "us-gaap_NetCashProvidedByUsedInFinancingActivities": { "auth_ref": [ "r61" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 3.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect", "weight": 1.0 }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.", "label": "Net Cash Provided by (Used in) Financing Activities", "totalLabel": "Net cash provided by (used in) financing activities" } } }, "localname": "NetCashProvidedByUsedInFinancingActivities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Net Cash Provided by (Used in) Financing Activities [Abstract]", "verboseLabel": "Cash flows from financing activities:" } } }, "localname": "NetCashProvidedByUsedInFinancingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_NetCashProvidedByUsedInInvestingActivities": { "auth_ref": [ "r61" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.", "label": "Net Cash Provided by (Used in) Investing Activities", "totalLabel": "Net cash provided by (used in) investing activities" } } }, "localname": "NetCashProvidedByUsedInInvestingActivities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Net Cash Provided by (Used in) Investing Activities [Abstract]", "terseLabel": "Cash flows from investing activities:" } } }, "localname": "NetCashProvidedByUsedInInvestingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_NetCashProvidedByUsedInOperatingActivities": { "auth_ref": [ "r61", "r63", "r66" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.", "label": "Net Cash Provided by (Used in) Operating Activities", "totalLabel": "Net cash provided by (used in) operating activities", "verboseLabel": "Net cash provided by (used in) operating activities" } } }, "localname": "NetCashProvidedByUsedInOperatingActivities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Net Cash Provided by (Used in) Operating Activities [Abstract]", "terseLabel": "Cash flows from operating activities:" } } }, "localname": "NetCashProvidedByUsedInOperatingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_NetIncomeLoss": { "auth_ref": [ "r33", "r36", "r41", "r66", "r97", "r263", "r282" ], "calculation": { "http://www.pultegroupinc.com/role/BasisOfPresentationEarningsPerShareDetails": { "order": 1.0, "parentTag": "us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic", "weight": 1.0 }, "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 }, "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome": { "order": 1.0, "parentTag": "us-gaap_ComprehensiveIncomeNetOfTax", "weight": 1.0 }, "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.", "label": "Net Income (Loss) Attributable to Parent", "terseLabel": "Net income", "totalLabel": "Net income" } } }, "localname": "NetIncomeLoss", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationEarningsPerShareDetails", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic": { "auth_ref": [ "r82", "r85" ], "calculation": { "http://www.pultegroupinc.com/role/BasisOfPresentationEarningsPerShareDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.", "label": "Net Income (Loss) Available to Common Stockholders, Basic", "totalLabel": "Numerator for basic earnings per share" } } }, "localname": "NetIncomeLossAvailableToCommonStockholdersBasic", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationEarningsPerShareDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted": { "auth_ref": [ "r85", "r86" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.", "label": "Net Income (Loss) Available to Common Stockholders, Diluted", "terseLabel": "Numerator for diluted earnings per share" } } }, "localname": "NetIncomeLossAvailableToCommonStockholdersDiluted", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationEarningsPerShareDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.", "label": "New Accounting Pronouncements, Policy [Policy Text Block]", "terseLabel": "New accounting pronouncements" } } }, "localname": "NewAccountingPronouncementsPolicyPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_NonoperatingIncomeExpense": { "auth_ref": [ "r49" ], "calculation": { "http://www.pultegroupinc.com/role/BasisOfPresentationOtherExpenseIncomeNetDetails": { "order": null, "parentTag": null, "root": true, "weight": null }, "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": 1.0, "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).", "label": "Nonoperating Income (Expense)", "terseLabel": "Other income (expense), net", "totalLabel": "Total other expense, net" } } }, "localname": "NonoperatingIncomeExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationOtherExpenseIncomeNetDetails", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NotesPayable": { "auth_ref": [ "r8", "r257", "r273" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 6.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 4.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.", "label": "Notes Payable", "terseLabel": "Notes payable" } } }, "localname": "NotesPayable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NotesPayableFairValueDisclosure": { "auth_ref": [ "r21" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Fair value portion of notes payable.", "label": "Notes Payable, Fair Value Disclosure", "terseLabel": "Estimated fair value" } } }, "localname": "NotesPayableFairValueDisclosure", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NumberOfReportableSegments": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements.", "label": "Number of Reportable Segments", "terseLabel": "Number of reportable segments" } } }, "localname": "NumberOfReportableSegments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationNarrativeDetails" ], "xbrltype": "integerItemType" }, "us-gaap_NumberOfUnitsInRealEstateProperty": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The number of units in a real estate property owned as of the balance sheet date.", "label": "Number of Units in Real Estate Property", "terseLabel": "Number of units in real estate property" } } }, "localname": "NumberOfUnitsInRealEstateProperty", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryNarrativeDetails" ], "xbrltype": "integerItemType" }, "us-gaap_OtherAssets": { "auth_ref": [ "r5", "r253", "r270" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 7.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of assets classified as other.", "label": "Other Assets", "terseLabel": "Other assets" } } }, "localname": "OtherAssets", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherAssetsMember": { "auth_ref": [ "r217", "r222" ], "lang": { "en-US": { "role": { "documentation": "Primary financial statement caption encompassing other assets.", "label": "Other Assets [Member]", "terseLabel": "Other Assets" } } }, "localname": "OtherAssetsMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax": { "auth_ref": [ "r29" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome": { "order": 1.0, "parentTag": "us-gaap_OtherComprehensiveIncomeLossNetOfTax", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount after tax and reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss).", "label": "Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax", "terseLabel": "Change in value of derivatives" } } }, "localname": "OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherComprehensiveIncomeLossNetOfTax": { "auth_ref": [ "r34", "r37", "r39", "r169" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome": { "order": 2.0, "parentTag": "us-gaap_ComprehensiveIncomeNetOfTax", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount after tax and reclassification adjustments of other comprehensive income (loss).", "label": "Other Comprehensive Income (Loss), Net of Tax", "terseLabel": "Other comprehensive income", "totalLabel": "Other comprehensive income" } } }, "localname": "OtherComprehensiveIncomeLossNetOfTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Other Comprehensive Income (Loss), Net of Tax [Abstract]", "terseLabel": "Other comprehensive income, net of tax:" } } }, "localname": "OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome" ], "xbrltype": "stringItemType" }, "us-gaap_OtherNoncashIncomeExpense": { "auth_ref": [ "r66" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 6.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of income (expense) included in net income that results in no cash inflow (outflow), classified as other.", "label": "Other Noncash Income (Expense)", "negatedLabel": "Other, net" } } }, "localname": "OtherNoncashIncomeExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherNonoperatingIncomeExpense": { "auth_ref": [ "r50" ], "calculation": { "http://www.pultegroupinc.com/role/BasisOfPresentationOtherExpenseIncomeNetDetails": { "order": 6.0, "parentTag": "us-gaap_NonoperatingIncomeExpense", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of income (expense) related to nonoperating activities, classified as other.", "label": "Other Nonoperating Income (Expense)", "terseLabel": "Miscellaneous, net" } } }, "localname": "OtherNonoperatingIncomeExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationOtherExpenseIncomeNetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherNotesPayable": { "auth_ref": [ "r8", "r257", "r273" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of long-term notes payable classified as other.", "label": "Other Notes Payable", "terseLabel": "Other notes payable" } } }, "localname": "OtherNotesPayable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails", "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic": { "auth_ref": [ "r92" ], "calculation": { "http://www.pultegroupinc.com/role/BasisOfPresentationEarningsPerShareDetails": { "order": 2.0, "parentTag": "us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of earnings (loss) distributed and earnings (loss) allocated to participating securities for the basic earnings (loss) per share or per unit calculation under the two-class method.", "label": "Participating Securities, Distributed and Undistributed Earnings (Loss), Basic", "negatedTerseLabel": "Less: earnings distributed to participating securities" } } }, "localname": "ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationEarningsPerShareDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsForLossesAndLossAdjustmentExpense": { "auth_ref": [ "r62", "r284" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount, after effects of reinsurance, of payments to settle insured claims and pay costs incurred in the claims settlement process.", "label": "Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid", "negatedLabel": "Payments, net (b)" } } }, "localname": "PaymentsForLossesAndLossAdjustmentExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesInSelfInsuranceLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsForProceedsFromOtherInvestingActivities": { "auth_ref": [ "r51", "r54", "r80" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of cash (inflow) outflow from investing activities classified as other.", "label": "Payments for (Proceeds from) Other Investing Activities", "negatedTerseLabel": "Other investing activities, net" } } }, "localname": "PaymentsForProceedsFromOtherInvestingActivities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsForRepurchaseOfCommonStock": { "auth_ref": [ "r58" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails": { "order": 6.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow to reacquire common stock during the period.", "label": "Payments for Repurchase of Common Stock", "negatedLabel": "Share repurchases", "terseLabel": "Payments for repurchase of common stock" } } }, "localname": "PaymentsForRepurchaseOfCommonStock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsOfDebtIssuanceCosts": { "auth_ref": [ "r60" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails": { "order": 9.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt.", "label": "Payments of Debt Issuance Costs", "negatedTerseLabel": "Debt issuance costs", "terseLabel": "Debt issuance costs" } } }, "localname": "PaymentsOfDebtIssuanceCosts", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsOfDividends": { "auth_ref": [ "r58" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails": { "order": 7.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests.", "label": "Payments of Dividends", "negatedTerseLabel": "Dividends paid" } } }, "localname": "PaymentsOfDividends", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsToAcquireEquityMethodInvestments": { "auth_ref": [ "r52" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 3.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence.", "label": "Payments to Acquire Equity Method Investments", "negatedTerseLabel": "Investments in unconsolidated entities" } } }, "localname": "PaymentsToAcquireEquityMethodInvestments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsToAcquirePropertyPlantAndEquipment": { "auth_ref": [ "r53" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.", "label": "Payments to Acquire Property, Plant, and Equipment", "negatedLabel": "Capital expenditures" } } }, "localname": "PaymentsToAcquirePropertyPlantAndEquipment", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PriorPeriodReclassificationAdjustmentDescription": { "auth_ref": [ "r0" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for reclassifications that affects the comparability of the financial statements.", "label": "Reclassification, Policy [Policy Text Block]", "terseLabel": "Reclassifications" } } }, "localname": "PriorPeriodReclassificationAdjustmentDescription", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_ProceedsFromContributionsFromParent": { "auth_ref": [ "r57" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails": { "order": 8.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The cash inflow from parent as a source of financing that is recorded as additional paid in capital.", "label": "Proceeds from Contributions from Parent", "terseLabel": "Intercompany activities, net" } } }, "localname": "ProceedsFromContributionsFromParent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromIssuanceOfCommonStock": { "auth_ref": [ "r55" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails": { "order": 5.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The cash inflow from the additional capital contribution to the entity.", "label": "Proceeds from Issuance of Common Stock", "verboseLabel": "Stock option exercises" } } }, "localname": "ProceedsFromIssuanceOfCommonStock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromLinesOfCredit": { "auth_ref": [ "r56", "r76" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails": { "order": 2.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.", "label": "Proceeds from Lines of Credit", "terseLabel": "Borrowings under revolving credit facility" } } }, "localname": "ProceedsFromLinesOfCredit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromRepaymentsOfLinesOfCredit": { "auth_ref": [ "r80" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails": { "order": 4.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets).", "label": "Proceeds from (Repayments of) Lines of Credit", "terseLabel": "Financial Services borrowings (repayments)" } } }, "localname": "ProceedsFromRepaymentsOfLinesOfCredit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProductWarrantyAccrualPreexistingIncreaseDecrease": { "auth_ref": [ "r158" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) in the standard and extended product warranty accrual from changes in estimates attributable to preexisting product warranties.", "label": "Standard and Extended Product Warranty Accrual, Increase (Decrease) for Preexisting Warranties", "terseLabel": "Other adjustments (a)" } } }, "localname": "ProductWarrantyAccrualPreexistingIncreaseDecrease", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToWarrantyLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProductWarrantyExpense": { "auth_ref": [ "r64", "r157" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The expense charged against earnings for the period pertaining to standard and extended warranties on the entity's goods and services granted to customers.", "label": "Product Warranty Expense", "negatedTerseLabel": "Product warranty expense", "terseLabel": "Product warranty expense" } } }, "localname": "ProductWarrantyExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToWarrantyLiabilityDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProductionRelatedImpairmentsOrCharges": { "auth_ref": [ "r44" ], "calculation": { "http://www.pultegroupinc.com/role/InventoryInventorySummaryOfLandRelatedChargesDetailsDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Nonrecurring impairment charges related to the write-off of production-related equipment and inventory. This tag is used when an Entity charges this cost to cost of goods sold.", "label": "Production Related Impairments or Charges", "terseLabel": "Production Related Impairments or Charges", "totalLabel": "Total land-related charges" } } }, "localname": "ProductionRelatedImpairmentsOrCharges", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryInventorySummaryOfLandRelatedChargesDetailsDetails", "http://www.pultegroupinc.com/role/SegmentInformationSegmentInformationLandRelatedChargesBySegmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PurchaseOptionsLand": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Carrying amount of an option or options to acquire real property.", "label": "Purchase Options, Land", "terseLabel": "Deposits and Pre-acquisition Costs" } } }, "localname": "PurchaseOptionsLand", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventorySummaryOfInterestsInLandOptionAgreementsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RealEstateAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Real Estate [Abstract]", "terseLabel": "Homebuilding" } } }, "localname": "RealEstateAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "stringItemType" }, "us-gaap_RealEstateInventoryCapitalizedInterestCosts": { "auth_ref": [ "r241" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Carrying amount as of the balance sheet date of interest costs that were capitalized to properties under development during the land development and construction period of a project, and which are included in inventory.", "label": "Real Estate Inventory, Capitalized Interest Costs", "periodEndLabel": "Interest in inventory, end of period", "periodStartLabel": "Interest in inventory, beginning of period" } } }, "localname": "RealEstateInventoryCapitalizedInterestCosts", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryInformationRelatedToInterestCapitalizedIntoHomebuildingInventoryDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RealEstateInventoryCapitalizedInterestCostsCostOfSales1": { "auth_ref": [ "r242" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of interest cost charged to cost of sales that had been previously capitalized to inventory.", "label": "Real Estate Inventory, Capitalized Interest Costs, Cost of Sales", "negatedLabel": "Interest expensed" } } }, "localname": "RealEstateInventoryCapitalizedInterestCostsCostOfSales1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryInformationRelatedToInterestCapitalizedIntoHomebuildingInventoryDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RealEstateInventoryCapitalizedInterestCostsIncurred": { "auth_ref": [ "r241" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The amount of interest capitalized to an operative builder's inventory during the period.", "label": "Real Estate Inventory, Capitalized Interest Costs Incurred", "terseLabel": "Interest capitalized" } } }, "localname": "RealEstateInventoryCapitalizedInterestCostsIncurred", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryInformationRelatedToInterestCapitalizedIntoHomebuildingInventoryDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RealEstateInventoryCapitalizedInterestCostsRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.", "label": "Real Estate Inventory, Capitalized Interest Costs [Roll Forward]", "terseLabel": "Real Estate Inventory, Capitalized Interest Costs [Roll Forward]" } } }, "localname": "RealEstateInventoryCapitalizedInterestCostsRollForward", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryInformationRelatedToInterestCapitalizedIntoHomebuildingInventoryDetails" ], "xbrltype": "stringItemType" }, "us-gaap_RealEstateMember": { "auth_ref": [ "r181" ], "lang": { "en-US": { "role": { "documentation": "Property consisting of land, land improvement and buildings.", "label": "Real Estate [Member]", "verboseLabel": "Total Homebuilding" } } }, "localname": "RealEstateMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock": { "auth_ref": [ "r116", "r118" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.", "label": "Reconciliation of Assets from Segment to Consolidated [Table Text Block]", "terseLabel": "Total Assets And Inventory By Reporting Segment" } } }, "localname": "ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock": { "auth_ref": [ "r115", "r118" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.", "label": "Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]", "terseLabel": "Operating Data By Reporting Segment" } } }, "localname": "ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_RepaymentsOfLinesOfCredit": { "auth_ref": [ "r59", "r76" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails": { "order": 3.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.", "label": "Repayments of Lines of Credit", "negatedTerseLabel": "Repayments under revolving credit facility" } } }, "localname": "RepaymentsOfLinesOfCredit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RepaymentsOfLongTermDebt": { "auth_ref": [ "r59" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails": { "order": 1.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer.", "label": "Repayments of Long-term Debt", "negatedTerseLabel": "Repayments of debt" } } }, "localname": "RepaymentsOfLongTermDebt", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ResidentialMortgageMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Loan to purchase or refinance residential real estate for example, but not limited to, a home, in which the real estate itself serves as collateral for the loan.", "label": "Residential Mortgage [Member]", "terseLabel": "Residential Mortgage" } } }, "localname": "ResidentialMortgageMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_RestrictedCashAndCashEquivalents": { "auth_ref": [ "r4", "r67", "r69", "r252", "r274" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 2.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents", "weight": 1.0 }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 2.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash and cash equivalents restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.", "label": "Restricted Cash and Cash Equivalents", "terseLabel": "Restricted cash", "verboseLabel": "Restricted cash" } } }, "localname": "RestrictedCashAndCashEquivalents", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RestructuringCostAndReserveLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Restructuring Cost and Reserve [Line Items]", "terseLabel": "Restructuring Cost and Reserve [Line Items]" } } }, "localname": "RestructuringCostAndReserveLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationSegmentInformationLandRelatedChargesBySegmentDetails" ], "xbrltype": "stringItemType" }, "us-gaap_RetainedEarningsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The cumulative amount of the reporting entity's undistributed earnings or deficit.", "label": "Retained Earnings [Member]", "terseLabel": "Retained Earnings" } } }, "localname": "RetainedEarningsMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax": { "auth_ref": [ "r178", "r179", "r180" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails": { "order": 1.0, "parentTag": "us-gaap_Revenues", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.", "label": "Revenue from Contract with Customer, Including Assessed Tax", "terseLabel": "Total revenues", "verboseLabel": "Revenues" } } }, "localname": "RevenueFromContractWithCustomerIncludingAssessedTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RevenueRecognitionPolicyTextBlock": { "auth_ref": [ "r70", "r71", "r72" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction.", "label": "Revenue Recognition, Policy [Policy Text Block]", "terseLabel": "Revenue recognition" } } }, "localname": "RevenueRecognitionPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_Revenues": { "auth_ref": [ "r43", "r108", "r109", "r119" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": 3.0, "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic", "weight": 1.0 }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).", "label": "Revenues", "totalLabel": "Total revenues" } } }, "localname": "Revenues", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RevenuesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Revenues [Abstract]", "terseLabel": "Revenues:" } } }, "localname": "RevenuesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "stringItemType" }, "us-gaap_RevolvingCreditFacilityMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Arrangement in which loan proceeds can continuously be obtained following repayments, but the total amount borrowed cannot exceed a specified maximum amount.", "label": "Revolving Credit Facility [Member]", "terseLabel": "Revolving Credit Facility" } } }, "localname": "RevolvingCreditFacilityMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ScheduleOfDebtInstrumentsTextBlock": { "auth_ref": [ "r24", "r75", "r170", "r173", "r174", "r175", "r243", "r244", "r246", "r268" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.", "label": "Schedule of Long-term Debt Instruments [Table Text Block]", "terseLabel": "Schedule of Senior Notes" } } }, "localname": "ScheduleOfDebtInstrumentsTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock": { "auth_ref": [ "r219" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.", "label": "Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]", "terseLabel": "Schedule of Derivative Instruments in Statement of Financial Position, Fair Value" } } }, "localname": "ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock": { "auth_ref": [ "r47", "r87", "r89", "r90", "r95", "r99" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share.", "label": "Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Table Text Block]", "terseLabel": "Schedule of Earnings Per Share" } } }, "localname": "ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable": { "auth_ref": [ "r236", "r237" ], "lang": { "en-US": { "role": { "documentation": "Schedule detailing the information required and determined to be disclosed regarding the fair value of financial assets and financial liabilities, which are not recognized in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition.", "label": "Schedule of Fair Value, Off-balance Sheet Risks [Table]" } } }, "localname": "ScheduleOfFairValueOffBalanceSheetRisksTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationFairValueOfCompanysDerivativeInstrumentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable": { "auth_ref": [ "r131", "r133" ], "lang": { "en-US": { "role": { "documentation": "Schedule of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.", "label": "Schedule of Finite-Lived Intangible Assets [Table]", "terseLabel": "Schedule of Finite-Lived Intangible Assets [Table]" } } }, "localname": "ScheduleOfFiniteLivedIntangibleAssetsTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items.", "label": "Schedule of Other Nonoperating Income (Expense) [Table Text Block]", "terseLabel": "Schedule of Other Expense (Income), Net" } } }, "localname": "ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfProductWarrantyLiabilityTableTextBlock": { "auth_ref": [ "r161" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.", "label": "Schedule of Product Warranty Liability [Table Text Block]", "terseLabel": "Summary of Changes in Warranty Liability" } } }, "localname": "ScheduleOfProductWarrantyLiabilityTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfRestructuringAndRelatedCostsTable": { "auth_ref": [ "r139", "r140", "r141" ], "lang": { "en-US": { "role": { "documentation": "Table presenting the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and the amount of and periodic changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost by type of restructuring.", "label": "Schedule of Restructuring and Related Costs [Table]", "terseLabel": "Schedule of Restructuring and Related Costs [Table]" } } }, "localname": "ScheduleOfRestructuringAndRelatedCostsTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationSegmentInformationLandRelatedChargesBySegmentDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable": { "auth_ref": [ "r107", "r112", "r114", "r117", "r128" ], "lang": { "en-US": { "role": { "documentation": "A table disclosing the profit or loss and total assets for each reportable segment of the entity. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.", "label": "Schedule of Segment Reporting Information, by Segment [Table]", "terseLabel": "Schedule of Segment Reporting Information, by Segment [Table]" } } }, "localname": "ScheduleOfSegmentReportingInformationBySegmentTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock": { "auth_ref": [ "r107", "r112", "r114", "r117", "r128" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.", "label": "Schedule of Segment Reporting Information, by Segment [Table Text Block]", "terseLabel": "Components of Reportable Segments" } } }, "localname": "ScheduleOfSegmentReportingInformationBySegmentTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfStockByClassTable": { "auth_ref": [ "r26", "r74", "r166", "r167", "r168", "r170", "r171", "r172", "r173", "r174", "r175", "r176" ], "lang": { "en-US": { "role": { "documentation": "Schedule detailing information related to equity by class of stock. Class of stock includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. It also includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity.", "label": "Schedule of Stock by Class [Table]", "terseLabel": "Schedule of Stock by Class [Table]" } } }, "localname": "ScheduleOfStockByClassTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfVariableInterestEntitiesTable": { "auth_ref": [ "r206", "r207", "r208", "r209", "r210" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of qualitative and quantitative information related to variable interests the entity holds, whether or not such variable interest entity (VIE) is included in the reporting entity's consolidated financial statements. Includes, but is not limited to, description of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a tabular comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.", "label": "Schedule of Variable Interest Entities [Table]", "terseLabel": "Schedule of Variable Interest Entities [Table]" } } }, "localname": "ScheduleOfVariableInterestEntitiesTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventorySummaryOfInterestsInLandOptionAgreementsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_SegmentDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Components of an entity that engage in business activities from which they may earn revenue and incur expenses, including transactions with other components of the same entity.", "label": "Segments [Domain]", "terseLabel": "Segments [Domain]" } } }, "localname": "SegmentDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToWarrantyLiabilityDetails", "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationSegmentInformationLandRelatedChargesBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "domainItemType" }, "us-gaap_SegmentReportingAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Segment Reporting [Abstract]" } } }, "localname": "SegmentReportingAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_SegmentReportingDisclosureTextBlock": { "auth_ref": [ "r122" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.", "label": "Segment Reporting Disclosure [Text Block]", "terseLabel": "Segment information" } } }, "localname": "SegmentReportingDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformation" ], "xbrltype": "textBlockItemType" }, "us-gaap_SegmentReportingInformationIncomeLossBeforeIncomeTaxesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]", "terseLabel": "Income before Income Taxes:" } } }, "localname": "SegmentReportingInformationIncomeLossBeforeIncomeTaxesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "stringItemType" }, "us-gaap_SegmentReportingInformationLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Segment Reporting Information [Line Items]", "terseLabel": "Segment Reporting Information" } } }, "localname": "SegmentReportingInformationLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "stringItemType" }, "us-gaap_SelfInsuranceReserve": { "auth_ref": [ "r25" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Carrying amount (including both current and noncurrent portions) of accrued known and estimated losses incurred as of the balance sheet date for which no insurance coverage exists, and for which a claim has been made or is probable of being asserted, typically arising from workmen's compensation-type of incidents and personal injury to nonemployees from accidents on the entity's property.", "label": "Self Insurance Reserve", "periodEndLabel": "Balance, end of period", "periodStartLabel": "Balance, beginning of period", "terseLabel": "Self-insurance liabilities" } } }, "localname": "SelfInsuranceReserve", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesInSelfInsuranceLiabilityDetails", "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_SelfInsuranceReservePolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for self-insurance reserves, including, but not limited to incurred but not reported reserves (IBNR).", "label": "Self Insurance Reserve [Policy Text Block]", "terseLabel": "Self insured risks" } } }, "localname": "SelfInsuranceReservePolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_SellingGeneralAndAdministrativeExpense": { "auth_ref": [ "r48", "r126" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": 2.0, "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.", "label": "Selling, General and Administrative Expense", "negatedTerseLabel": "Selling, general, and administrative expenses" } } }, "localname": "SellingGeneralAndAdministrativeExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_SeniorNotes": { "auth_ref": [ "r261", "r280" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Including the current and noncurrent portions, carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders.", "label": "Senior Notes", "terseLabel": "Total senior notes" } } }, "localname": "SeniorNotes", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails", "http://www.pultegroupinc.com/role/FairValueDisclosuresNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_SeniorNotesMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Bond that takes priority over other debt securities sold by the issuer. In the event the issuer goes bankrupt, senior debt holders receive priority for (must receive) repayment prior to (relative to) junior and unsecured (general) creditors.", "label": "Senior Notes [Member]", "terseLabel": "Senior Notes" } } }, "localname": "SeniorNotesMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ShareBasedCompensation": { "auth_ref": [ "r64" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 5.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.", "label": "Share-based Compensation", "terseLabel": "Share-based compensation expense" } } }, "localname": "ShareBasedCompensation", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_ShareRepurchaseProgramAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by share repurchase program.", "label": "Share Repurchase Program [Axis]", "terseLabel": "Share Repurchases [Axis]" } } }, "localname": "ShareRepurchaseProgramAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareRepurchaseProgramDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the share repurchase program.", "label": "Share Repurchase Program [Domain]", "terseLabel": "Share Repurchase Program [Domain]" } } }, "localname": "ShareRepurchaseProgramDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ShortTermDebtTypeAxis": { "auth_ref": [ "r20" ], "lang": { "en-US": { "role": { "documentation": "Information by type of short-term debt arrangement.", "label": "Short-term Debt, Type [Axis]", "terseLabel": "Short-term Debt, Type [Axis]" } } }, "localname": "ShortTermDebtTypeAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShortTermDebtTypeDomain": { "auth_ref": [ "r18" ], "lang": { "en-US": { "role": { "documentation": "Type of short-term debt arrangement, such as notes, line of credit, commercial paper, asset-based financing, project financing, letter of credit financing.", "label": "Short-term Debt, Type [Domain]", "terseLabel": "Short-term Debt, Type [Domain]" } } }, "localname": "ShortTermDebtTypeDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit": { "auth_ref": [ "r195" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The amount of the unrecognized tax benefit of a position taken for which it is reasonably possible that the total amount thereof will significantly increase or decrease within twelve months of the balance sheet date.", "label": "Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit", "terseLabel": "Possible decrease in unrecognized tax benefits" } } }, "localname": "SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_StandardProductWarrantyAccrual": { "auth_ref": [ "r160" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount as of the balance sheet date of the aggregate standard product warranty liability. Does not include the balance for the extended product warranty liability.", "label": "Standard Product Warranty Accrual", "periodEndLabel": "Warranty liabilities, end of period", "periodStartLabel": "Warranty liabilities, beginning of period" } } }, "localname": "StandardProductWarrantyAccrual", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToWarrantyLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_StandardProductWarrantyAccrualPayments": { "auth_ref": [ "r155" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of decrease in the standard product warranty accrual from payments made in cash or in kind to satisfy claims under the terms of the standard product warranty. Excludes extended product warranties.", "label": "Standard Product Warranty Accrual, Decrease for Payments", "negatedTerseLabel": "Payments" } } }, "localname": "StandardProductWarrantyAccrualPayments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToWarrantyLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_StandardProductWarrantyAccrualWarrantiesIssued": { "auth_ref": [ "r156" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase in the standard product warranty accrual from warranties issued. Excludes extended product warranties.", "label": "Standard Product Warranty Accrual, Increase for Warranties Issued", "terseLabel": "Reserves provided" } } }, "localname": "StandardProductWarrantyAccrualWarrantiesIssued", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToWarrantyLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_StandardProductWarrantyPolicy": { "auth_ref": [ "r71", "r159" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for standard warranties including the methodology for measuring the liability.", "label": "Standard Product Warranty, Policy [Policy Text Block]", "terseLabel": "Allowance for warranties" } } }, "localname": "StandardProductWarrantyPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_StatementBusinessSegmentsAxis": { "auth_ref": [ "r1", "r112", "r128", "r137", "r138", "r142", "r285" ], "lang": { "en-US": { "role": { "documentation": "Information by business segments.", "label": "Segments [Axis]", "terseLabel": "Segments [Axis]" } } }, "localname": "StatementBusinessSegmentsAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToWarrantyLiabilityDetails", "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationSegmentInformationLandRelatedChargesBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "stringItemType" }, "us-gaap_StatementEquityComponentsAxis": { "auth_ref": [ "r27", "r169" ], "lang": { "en-US": { "role": { "documentation": "Information by component of equity.", "label": "Equity Components [Axis]", "terseLabel": "Equity Components [Axis]" } } }, "localname": "StatementEquityComponentsAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "stringItemType" }, "us-gaap_StatementLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Statement [Line Items]", "terseLabel": "Statement [Line Items]" } } }, "localname": "StatementLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "stringItemType" }, "us-gaap_StatementOfCashFlowsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Statement of Cash Flows [Abstract]" } } }, "localname": "StatementOfCashFlowsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementOfFinancialPositionAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Statement of Financial Position [Abstract]" } } }, "localname": "StatementOfFinancialPositionAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementOfStockholdersEquityAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Statement of Stockholders' Equity [Abstract]" } } }, "localname": "StatementOfStockholdersEquityAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementTable": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Schedule reflecting a Statement of Income, Statement of Cash Flows, Statement of Financial Position, Statement of Shareholders' Equity and Other Comprehensive Income, or other statement as needed.", "label": "Statement [Table]", "terseLabel": "Statement [Table]" } } }, "localname": "StatementTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "stringItemType" }, "us-gaap_StockIssuedDuringPeriodSharesNewIssues": { "auth_ref": [ "r10", "r11", "r169", "r176" ], "lang": { "en-US": { "role": { "documentation": "Number of new stock issued during the period.", "label": "Stock Issued During Period, Shares, New Issues", "terseLabel": "Stock option exercises (shares)" } } }, "localname": "StockIssuedDuringPeriodSharesNewIssues", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "sharesItemType" }, "us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation": { "auth_ref": [ "r10", "r11", "r169", "r176" ], "lang": { "en-US": { "role": { "documentation": "Number of shares (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of any shares forfeited. Shares issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans.", "label": "Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures", "terseLabel": "Stock issuances, net of cancellations (shares)" } } }, "localname": "StockIssuedDuringPeriodSharesShareBasedCompensation", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "sharesItemType" }, "us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation": { "auth_ref": [ "r10", "r11", "r176", "r187", "r188" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Value of stock (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of stock value of such awards forfeited. Stock issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans.", "label": "Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures", "terseLabel": "Stock issuances, net of cancellations" } } }, "localname": "StockIssuedDuringPeriodValueShareBasedCompensation", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised": { "auth_ref": [ "r27", "r169", "r176" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Value of stock issued as a result of the exercise of stock options.", "label": "Stock Issued During Period, Value, Stock Options Exercised", "terseLabel": "Stock option exercises" } } }, "localname": "StockIssuedDuringPeriodValueStockOptionsExercised", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount remaining of a stock repurchase plan authorized.", "label": "Stock Repurchase Program, Remaining Authorized Repurchase Amount", "terseLabel": "Remaining value of stock repurchase programs authorization" } } }, "localname": "StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockRepurchasedDuringPeriodShares": { "auth_ref": [ "r10", "r11", "r169", "r176" ], "lang": { "en-US": { "role": { "documentation": "Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.", "label": "Stock Repurchased During Period, Shares", "negatedLabel": "Share repurchases (shares)", "terseLabel": "Share repurchases (shares)" } } }, "localname": "StockRepurchasedDuringPeriodShares", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity", "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_StockRepurchasedDuringPeriodValue": { "auth_ref": [ "r10", "r11", "r169", "r176" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.", "label": "Stock Repurchased During Period, Value", "negatedLabel": "Share repurchases" } } }, "localname": "StockRepurchasedDuringPeriodValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockholdersEquity": { "auth_ref": [ "r11", "r12", "r13", "r123" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 2.0, "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.", "label": "Stockholders' Equity Attributable to Parent", "periodEndLabel": "Shareholders' Equity end of period", "periodStartLabel": "Shareholders' Equity beginning of period", "terseLabel": "Shareholders' equity", "verboseLabel": "Total shareholders\u2019 equity" } } }, "localname": "StockholdersEquity", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockholdersEquityNoteAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Stockholders' Equity Note [Abstract]" } } }, "localname": "StockholdersEquityNoteAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_StockholdersEquityNoteDisclosureTextBlock": { "auth_ref": [ "r177" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.", "label": "Stockholders' Equity Note Disclosure [Text Block]", "verboseLabel": "Shareholders\u2019 equity" } } }, "localname": "StockholdersEquityNoteDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ShareholdersEquity" ], "xbrltype": "textBlockItemType" }, "us-gaap_SubsequentEventsPolicyPolicyTextBlock": { "auth_ref": [ "r71" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for reporting subsequent events.", "label": "Subsequent Events, Policy [Policy Text Block]", "terseLabel": "Subsequent events" } } }, "localname": "SubsequentEventsPolicyPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_SupplementalCashFlowInformationAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Supplemental Cash Flow Information [Abstract]", "terseLabel": "Supplemental Cash Flow Information:" } } }, "localname": "SupplementalCashFlowInformationAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain": { "auth_ref": [ "r251" ], "lang": { "en-US": { "role": { "documentation": "Instrument or contract that imposes a contractual obligation to deliver cash or another financial instrument or to exchange other financial instruments on potentially unfavorable terms and conveys a contractual right to receive cash or another financial instrument or to exchange other financial instruments on potentially favorable terms.", "label": "Financial Instruments [Domain]", "terseLabel": "Types of Financial Instruments [Domain]", "verboseLabel": "Financial Instruments [Domain]" } } }, "localname": "TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationFairValueOfCompanysDerivativeInstrumentsDetails", "http://www.pultegroupinc.com/role/BasisOfPresentationNarrativeDetails", "http://www.pultegroupinc.com/role/FairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic": { "auth_ref": [ "r91" ], "calculation": { "http://www.pultegroupinc.com/role/BasisOfPresentationEarningsPerShareDetails": { "order": 3.0, "parentTag": "us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of undistributed earnings (loss) allocated to participating securities for the basic earnings (loss) per share or per unit calculation under the two-class method.", "label": "Undistributed Earnings (Loss) Allocated to Participating Securities, Basic", "negatedLabel": "Less: undistributed earnings allocated to participating securities", "terseLabel": "Add back: undistributed earnings allocated to participating securities" } } }, "localname": "UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationEarningsPerShareDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted": { "auth_ref": [ "r91" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of undistributed earnings (loss) allocated to participating securities for the diluted earnings (loss) per share or per unit calculation under the two-class method.", "label": "Undistributed Earnings (Loss) Allocated to Participating Securities, Diluted", "negatedTerseLabel": "Less: undistributed earnings reallocated to participating securities" } } }, "localname": "UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationEarningsPerShareDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UnrecognizedTaxBenefits": { "auth_ref": [ "r191", "r197" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of unrecognized tax benefits.", "label": "Unrecognized Tax Benefits", "terseLabel": "Gross unrecognized tax benefits" } } }, "localname": "UnrecognizedTaxBenefits", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued": { "auth_ref": [ "r194" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount accrued for interest on an underpayment of income taxes and penalties related to a tax position claimed or expected to be claimed in the tax return.", "label": "Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued", "terseLabel": "Accrued interest and penalties on unrecognized tax benefits" } } }, "localname": "UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UseOfEstimates": { "auth_ref": [ "r100", "r101", "r102", "r103", "r104", "r105", "r106" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.", "label": "Use of Estimates, Policy [Policy Text Block]", "terseLabel": "Use of estimates" } } }, "localname": "UseOfEstimates", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis": { "auth_ref": [ "r206", "r207", "r209" ], "lang": { "en-US": { "role": { "documentation": "Information by category of Variable Interest Entity (VIE).", "label": "Variable Interest Entities [Axis]", "terseLabel": "Variable Interest Entities [Axis]" } } }, "localname": "VariableInterestEntitiesByClassificationOfEntityAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventorySummaryOfInterestsInLandOptionAgreementsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_VariableInterestEntityLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Variable Interest Entity [Line Items]", "terseLabel": "Variable Interest Entity [Line Items]" } } }, "localname": "VariableInterestEntityLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventorySummaryOfInterestsInLandOptionAgreementsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding": { "auth_ref": [ "r86", "r95" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": null, "parentTag": null, "root": true, "weight": null } }, "lang": { "en-US": { "role": { "documentation": "The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.", "label": "Weighted Average Number of Shares Outstanding, Diluted", "terseLabel": "Diluted shares outstanding (shares)", "totalLabel": "Diluted shares outstanding (shares)" } } }, "localname": "WeightedAverageNumberOfDilutedSharesOutstanding", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationEarningsPerShareDetails", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "sharesItemType" }, "us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Weighted Average Number of Shares Outstanding, Diluted [Abstract]", "terseLabel": "Denominator:" } } }, "localname": "WeightedAverageNumberOfSharesOutstandingAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationEarningsPerShareDetails" ], "xbrltype": "stringItemType" }, "us-gaap_WeightedAverageNumberOfSharesOutstandingBasic": { "auth_ref": [ "r84", "r95" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": 1.0, "parentTag": "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.", "label": "Weighted Average Number of Shares Outstanding, Basic", "verboseLabel": "Basic shares outstanding (shares)" } } }, "localname": "WeightedAverageNumberOfSharesOutstandingBasic", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/BasisOfPresentationEarningsPerShareDetails", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "sharesItemType" } }, "unitCount": 9 } }, "std_ref": { "r0": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "205", "URI": "http://asc.fasb.org/extlink&oid=6359566&loc=d3e326-107755" }, "r1": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(d)", "Topic": "205", "URI": "http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760" }, "r10": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(28))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r100": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592" }, "r101": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592" }, "r102": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6161-108592" }, "r103": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6191-108592" }, "r104": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6061-108592" }, "r105": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6132-108592" }, "r106": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6143-108592" }, "r107": { "Name": "Accounting Standards Codification", "Paragraph": "21", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599" }, "r108": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r109": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r11": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(29))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r110": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(g)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r111": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(h)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r112": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r113": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599" }, "r114": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599" }, "r115": { "Name": "Accounting Standards Codification", "Paragraph": "30", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599" }, "r116": { "Name": "Accounting Standards Codification", "Paragraph": "30", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599" }, "r117": { "Name": "Accounting Standards Codification", "Paragraph": "30", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599" }, "r118": { "Name": "Accounting Standards Codification", "Paragraph": "31", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599" }, "r119": { "Name": "Accounting Standards Codification", "Paragraph": "32", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599" }, "r12": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(30))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r120": { "Name": "Accounting Standards Codification", "Paragraph": "32", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599" }, "r121": { "Name": "Accounting Standards Codification", "Paragraph": "40", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e9031-108599" }, "r122": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "280", "URI": "http://asc.fasb.org/topic&trid=2134510" }, "r123": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 4.E)", "Topic": "310", "URI": "http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707" }, "r124": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "323", "URI": "http://asc.fasb.org/extlink&oid=109237563&loc=d3e33749-111570" }, "r125": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(1)", "Topic": "323", "URI": "http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571" }, "r126": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "30", "SubTopic": "10", "Topic": "330", "URI": "http://asc.fasb.org/extlink&oid=68048583&loc=d3e3636-108311" }, "r127": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "330", "URI": "http://asc.fasb.org/topic&trid=2126998" }, "r128": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267" }, "r129": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=6388964&loc=d3e16212-109274" }, "r13": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(31))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r130": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=6388964&loc=d3e16225-109274" }, "r131": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275" }, "r132": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "((a)(1),(b))", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r133": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r134": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)(2)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r135": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229" }, "r136": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=109226691&loc=d3e2921-110230" }, "r137": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230" }, "r138": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "420", "URI": "http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869" }, "r139": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "420", "URI": "http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869" }, "r14": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(32))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r140": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB TOPIC 5.P.3)", "Topic": "420", "URI": "http://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747" }, "r141": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB TOPIC 5.P.4)", "Topic": "420", "URI": "http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747" }, "r142": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 5.P.4(d))", "Topic": "420", "URI": "http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747" }, "r143": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "440", "URI": "http://asc.fasb.org/topic&trid=2144648" }, "r144": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14326-108349" }, "r145": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14615-108349" }, "r146": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14394-108349" }, "r147": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14435-108349" }, "r148": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14453-108349" }, "r149": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14472-108349" }, "r15": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.1)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r150": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14557-108349" }, "r151": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=27011672&loc=d3e149975-122751" }, "r152": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "450", "URI": "http://asc.fasb.org/topic&trid=2127136" }, "r153": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=115931803&loc=d3e12021-110248" }, "r154": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=115931803&loc=d3e12053-110248" }, "r155": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "((c)(2))", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249" }, "r156": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "((c)(3))", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249" }, "r157": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "((c)(3,4))", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249" }, "r158": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "((c)(4))", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249" }, "r159": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249" }, "r16": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.12)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r160": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1),(c)(5)", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249" }, "r161": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249" }, "r162": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=6802200&loc=SL6230698-112601" }, "r163": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3-10(d)(4)(iii))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=115932134&loc=d3e168853-122756" }, "r164": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3-10(d)(4)(iv))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=115932134&loc=d3e168853-122756" }, "r165": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "470", "URI": "http://asc.fasb.org/topic&trid=2208564" }, "r166": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(CFRR 211.02)", "Topic": "480", "URI": "http://asc.fasb.org/extlink&oid=65877616&loc=d3e177068-122764" }, "r167": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=65888546&loc=d3e21300-112643" }, "r168": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21553-112644" }, "r169": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644" }, "r17": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.17)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r170": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644" }, "r171": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21484-112644" }, "r172": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21488-112644" }, "r173": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644" }, "r174": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644" }, "r175": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644" }, "r176": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3-04)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770" }, "r177": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "505", "URI": "http://asc.fasb.org/topic&trid=2208762" }, "r178": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=109196051&loc=SL49130539-203045" }, "r179": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=109196051&loc=SL49130543-203045" }, "r18": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19(a))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r180": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045" }, "r181": { "Name": "Accounting Standards Codification", "Paragraph": "91", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=108792157&loc=SL49130690-203046-203046" }, "r182": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(d)(ii)", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920" }, "r183": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(d)(iv)(01)", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920" }, "r184": { "Name": "Accounting Standards Codification", "Paragraph": "17", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=112275985&loc=d3e4179-114921" }, "r185": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "35", "SubTopic": "10", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=79507207&loc=d3e4534-113899" }, "r186": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901" }, "r187": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901" }, "r188": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r189": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109196918&loc=d3e11149-113907" }, "r19": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19(b),22(b))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r190": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109196918&loc=d3e11178-113907" }, "r191": { "Name": "Accounting Standards Codification", "Paragraph": "10B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=SL37586934-109318" }, "r192": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319" }, "r193": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32698-109319" }, "r194": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319" }, "r195": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319" }, "r196": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319" }, "r197": { "Name": "Accounting Standards Codification", "Paragraph": "15A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319" }, "r198": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319" }, "r199": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319" }, "r2": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "205", "URI": "http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760" }, "r20": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r200": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 6.I.7)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=34349781&loc=d3e330036-122817" }, "r201": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=109238882&loc=d3e38679-109324" }, "r202": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "740", "URI": "http://asc.fasb.org/topic&trid=2144680" }, "r203": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683" }, "r204": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=d3e5614-111684" }, "r205": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c),(3)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684" }, "r206": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108788376&loc=d3e5710-111685" }, "r207": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108788376&loc=d3e5728-111685" }, "r208": { "Name": "Accounting Standards Codification", "Paragraph": "5A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108788376&loc=SL6759159-111685" }, "r209": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108788376&loc=d3e5747-111685" }, "r21": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19,20,22)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r210": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108788376&loc=SL6228884-111685" }, "r211": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3A-02)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=27015204&loc=d3e355033-122828" }, "r212": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3A-03)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=27015204&loc=d3e355100-122828" }, "r213": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5579240-113959" }, "r214": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5579245-113959" }, "r215": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=d3e41620-113959" }, "r216": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=d3e41638-113959" }, "r217": { "Name": "Accounting Standards Codification", "Paragraph": "4A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959" }, "r218": { "Name": "Accounting Standards Codification", "Paragraph": "4B", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959" }, "r219": { "Name": "Accounting Standards Codification", "Paragraph": "4B", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959" }, "r22": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19-26)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r220": { "Name": "Accounting Standards Codification", "Paragraph": "4D", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5624177-113959" }, "r221": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=d3e41675-113959" }, "r222": { "Name": "Accounting Standards Codification", "Paragraph": "182", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109975725&loc=SL5629052-113961" }, "r223": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(d)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=112277219&loc=d3e80748-113994" }, "r224": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258" }, "r225": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r226": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r227": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(bb)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r228": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(bbb)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r229": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r23": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.22(a)(1))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r230": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r231": { "Name": "Accounting Standards Codification", "Paragraph": "2C", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=SL7498348-110258" }, "r232": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258" }, "r233": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "60", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=7493716&loc=d3e21868-110260" }, "r234": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "820", "URI": "http://asc.fasb.org/topic&trid=2155941" }, "r235": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=109250915&loc=d3e13279-108611" }, "r236": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=109250915&loc=d3e13433-108611" }, "r237": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=109250915&loc=d3e13467-108611" }, "r238": { "Name": "Accounting Standards Codification", "Paragraph": "30", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=75031198&loc=d3e14172-108612" }, "r239": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "230", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=98513438&loc=d3e33268-110906" }, "r24": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.22)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r240": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "15", "SubTopic": "20", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=6450852&loc=d3e24871-108386" }, "r241": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391" }, "r242": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391" }, "r243": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399" }, "r244": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399" }, "r245": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=114775744&loc=d3e28555-108399" }, "r246": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "55", "SubTopic": "30", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400" }, "r247": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(bb)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109247956&loc=d3e107207-111719" }, "r248": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(bb)(1)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109247956&loc=d3e107207-111719" }, "r249": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(bb)(2)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109247956&loc=d3e107207-111719" }, "r25": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.24)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r250": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(bb)(3)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109247956&loc=d3e107207-111719" }, "r251": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "50", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=68078379&loc=d3e122625-111746" }, "r252": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(1)(a))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r253": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(10))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r254": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(11))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r255": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(13))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r256": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(15)(1))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r257": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(16))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r258": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(23))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r259": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03.15(1),(5))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r26": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.28,29)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r260": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03.15(5))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r261": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03.16)", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r262": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(13)(f))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260" }, "r263": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(22))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260" }, "r264": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(23))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260" }, "r265": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "235", "Subparagraph": "(SX 210.9-06)", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884" }, "r266": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "320", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=75019621&loc=d3e62652-112803" }, "r267": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "405", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6957935&loc=d3e64057-112817" }, "r268": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "470", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823" }, "r269": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(16))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r27": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.29-31)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r270": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(10))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r271": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(12))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r272": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(15)(a))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r273": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(16))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r274": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(2))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r275": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(25))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r276": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03.(a),1(d))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r277": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03.15(a))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r278": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03.15)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r279": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03.15a)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r28": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.6(a))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r280": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03.16(a))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r281": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(10))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263" }, "r282": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(18))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263" }, "r283": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(19))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263" }, "r284": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "40", "Subparagraph": "(c)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=99382578&loc=d3e14764-158437" }, "r285": { "Name": "Accounting Standards Codification", "Paragraph": "4H", "Publisher": "FASB", "Section": "50", "SubTopic": "40", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=99384497&loc=SL65671331-158438" }, "r286": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "360", "Subparagraph": "(SX 210.12-28(Footnote 4))", "Topic": "970", "URI": "http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024" }, "r287": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r288": { "Article": "12", "Name": "Regulation S-X (SX)", "Number": "210", "Publisher": "SEC", "Section": "13", "Sentence": "Column B" }, "r289": { "Footnote": "4", "Name": "Regulation S-X (SX)", "Number": "210", "Publisher": "SEC", "Section": "12", "Subsection": "28" }, "r29": { "Name": "Accounting Standards Codification", "Paragraph": "10A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669646-108580" }, "r290": { "Name": "Regulation S-X (SX)", "Number": "210", "Paragraph": "d", "Publisher": "SEC", "Section": "3", "Subparagraph": "(4)(iii)", "Subsection": "10" }, "r291": { "Name": "Regulation S-X (SX)", "Number": "210", "Paragraph": "d", "Publisher": "SEC", "Section": "3", "Subparagraph": "(4)(iv)", "Subsection": "10" }, "r292": { "Name": "Regulation S-X (SX)", "Number": "210", "Paragraph": "i", "Publisher": "SEC", "Section": "3", "Subsection": "10" }, "r3": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=82887183&loc=d3e6676-107765" }, "r30": { "Name": "Accounting Standards Codification", "Paragraph": "10A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669646-108580" }, "r31": { "Name": "Accounting Standards Codification", "Paragraph": "14A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669686-108580" }, "r32": { "Name": "Accounting Standards Codification", "Paragraph": "17B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL34724394-108580" }, "r33": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669619-108580" }, "r34": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669619-108580" }, "r35": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669619-108580" }, "r36": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669625-108580" }, "r37": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669625-108580" }, "r38": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=d3e557-108580" }, "r39": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=109228884&loc=d3e1436-108581" }, "r4": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(1))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r40": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(12))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r41": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(20))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r42": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(21))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r43": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.1)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r44": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.2(a))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r45": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.2(a),(d))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r46": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.2)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r47": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.21)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r48": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.4)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r49": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.7)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r5": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(17))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r50": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.9)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r51": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3179-108585" }, "r52": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3213-108585" }, "r53": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3213-108585" }, "r54": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3213-108585" }, "r55": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3255-108585" }, "r56": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3255-108585" }, "r57": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3255-108585" }, "r58": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3291-108585" }, "r59": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3291-108585" }, "r6": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(19))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r60": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3291-108585" }, "r61": { "Name": "Accounting Standards Codification", "Paragraph": "24", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3521-108585" }, "r62": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(g)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3536-108585" }, "r63": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3536-108585" }, "r64": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585" }, "r65": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585" }, "r66": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585" }, "r67": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3044-108585" }, "r68": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=98513485&loc=d3e4297-108586" }, "r69": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586" }, "r7": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(20))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r70": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=84158767&loc=d3e18726-107790" }, "r71": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790" }, "r72": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=84158767&loc=d3e18823-107790" }, "r73": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08(h))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r74": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(d),(e))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r75": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(e),(f))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r76": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(f))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r77": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(h)(1)(i))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r78": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(h)(2))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r79": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(n))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r8": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(22))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r80": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.12-04(a))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690" }, "r81": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "235", "URI": "http://asc.fasb.org/topic&trid=2122369" }, "r82": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794" }, "r83": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794" }, "r84": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1448-109256" }, "r85": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1377-109256" }, "r86": { "Name": "Accounting Standards Codification", "Paragraph": "16", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1505-109256" }, "r87": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1252-109256" }, "r88": { "Name": "Accounting Standards Codification", "Paragraph": "28A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1500-109256" }, "r89": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1278-109256" }, "r9": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(24))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r90": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1311-109256" }, "r91": { "Name": "Accounting Standards Codification", "Paragraph": "60B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=SL5780133-109256" }, "r92": { "Name": "Accounting Standards Codification", "Paragraph": "60B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=SL5780133-109256" }, "r93": { "Name": "Accounting Standards Codification", "Paragraph": "60B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=SL5780133-109256" }, "r94": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1337-109256" }, "r95": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257" }, "r96": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257" }, "r97": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257" }, "r98": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257" }, "r99": { "Name": "Accounting Standards Codification", "Paragraph": "52", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109256448&loc=d3e4984-109258" } }, "version": "2.0" } ZIP 68 0000822416-18-000053-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000822416-18-000053-xbrl.zip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΃TIN.TG&';9 M6TM^?FOS9:Z_;A_H2D.KV88EZ.4G+[?EWG3V^9)AR6_UWIX:-O 2RZ#SJ,6B M6'M+=WN(_OJ^>"BK9;V2GNSI_ U1"3_76Y7&*_7R6\[=N5I/$'79JXG&? !9?W^73> M?[W?3!-]N>O9?[HO[C\55=>U[ILC]D+OPGS5]>I3\=,.FH[+/3+3P44'H9G. MIVOE-OQU^W2]KIXIC)LO++XLB_FDF SZE:UR"I.LI%?ZWVZ%]?J:%<[*ZWVR ML):#FWSQ:2T,J\5/MWG^\'.]Y?YPOBS"K!E!3@,KO5"2( ^ T](P M3!VRS&EOW;=0S>JDY++:\G)8K.J/R+C@7$CB!5)*:025E:@!!3M#$DK7D1/KI;0-P_ER"-#6DI1 *#X&37IQ M$VST8!I\**K/T^MP$ 9\7A*Q^!@6MMC_*_N-(K9'DF)^3:8A)Q@:A2&@V&/% M&-]QQELOL[UZ[*!B>%"'WK/E]96/EM=_?Y+L^\LWUM\>@3LY-C/(&XN\1H9R9Y0WT."=K@,)3RE%^TS:ER)T M&9:7PP*;2IA\6?V15^L4\2J_;B%!^P=D#%A"@,*,"688".^JW:G(PBC066S0 M=RTV4=!,)2MUN7>X,IB,2==Y$F6(DO$E*4B>0I4Y1PD6# M!M.8CN],NX2W8E!01R%B30W:M(@A9_MGRY#E!BF#H:(8(>TAM'ZGN5+'QG<2 MCD[8HB#[*''_\?,>#_IPGO7CV0?WTX_S8K-B]S*1]YB M>.:E) H13Y@1U)MPX@BPYHD!C 16C<(9?IB0,USA)R;)/) > D\HL=(XI T M;HV$]AQ U5V/B>T(C\K6PQ[ON'B-VM^]RX#8I!\]YBJ?\'H?'9D;W/M\9B#QEGD)A ,.ZG#: M(K:C34DW;H]T)+Z5PR'U?4G#*%V^8Q*"RS#_?:T8SHM)DPURTH.R?T F(43" M$4VP9I(3#*PR#754RY31T9:F1D\NE0/ DLS3&BTH;AWWQ A.(1'$>J(QWL$5 M+"+4F>WG6YAC4PSB0/:O*.,1?R6S6(3WT\A@@%NF%$5\9QEX(<:M@/26CT'# MC9V@_9>P=D=TE/K1JY;1[S(DKCEG5@HMN32 2N&\;VA6D'<_;U])2+PMR\\/ MB9\%[&L+B4/AI9864.4E5I JPFU#'2*V^^;S2D+B'<4F"IJO.R2. *TB\H^3$!#65 )G58EG>%Y6:?*[C;C5^MG@H%]/E,!A\?D '-%5;<:\@8QYX[Q78JH&.V5;0M<6QY"-Y& M1:DC6YOS*:]IF38]C*MB7OR1S_:]NZ<'977.CD:&:2HE@'5-@(0[QQ55W17- MP?;]P=@;%:F4VL#BK\5L$G286B+W=(0[H1.<&)T1R(/5AXF',AQGD!J-Y.X0 M \ATEA#RJB1D.,C26:S;'B#OBWSF%G5(Y)>R6M[FM\6.J#?S%PWH]MJO9\T4 MM"O"M)&."RJ5Y=1RL?..:ZJZ%^S15RE"P\*7S&;=I7"M6W/M&NSO/J^/R[K[ M CPB2>TGR1C@P0[S'B$AC) &6J4;%(2GW141]BJ%:##D4LE/L[ZK>;V-7MU\ M\PH<$9FCXS)!+ L'->0<45W7/U"+&EJ9A]TS6/BKE)*88)TG&(OB^D^WY>> MRN=BL:S% F]_K@4"/Q&(S:=/TC/?E37V^4S=EZOY/I/EQ(A,(<8-U X!;ZQ M5E.+&[HPPK:S$(A7)01Q84JU+_R2?YG>K^[?%O/;Y=W5S:VQ#'NG1%HY %R# ^=]&+/X7M[Z3+.E7=[D_[!(+/.>RK\NLK]WM7 EK M5FJ$OEGJVQ:5*H<'9<(!C;0,!R)UPOI@M3,I)/(,!WT;N%8G0B)*3]6B[!^0 M449<. 2@11 81[WC5F\IQ!2SE&T?CM:=Q"_=?!$1>1V6)7BT"7(O%MDUP MZ\J2?>,RX.IN&LX@2HGSA&NB: .0TC:ER)R50-J7WX>J2"* E$JG;MI$GTJC M^^:YC$HN$&=:.,0TPAQ";!I:C )HW$F;D?CTG/L1$'K=7!]E]N,8F!TE0!S, M\VHZR0^F KUX)L,6&6Z@<5(S[YT4W(+F&!2&IZP@;6F\=H2UC(- ,B=8^7DM MD6_J5M?S25Y-?JW*R>IZV6C/ZOJZ6N6S]^5LMLU>.^8..W^VK&X!X[P AD$' MN-"(*M'@@@7J[A@;3#(&T/:&!R[9=GYT_?I2W8L'WCA$9?O7\'J]62Q6Q;%MY[R),J>\))2'$\T1R+GB M'C0Z=7A=4Q$&T"'CH)-FMC?D?#%:#ILQ8Y6*,"#;A#>.NP04H0)")P0 MC@".I>>HE8R..UJ!& !ATT(**B:E)]#QAD)A4#L*+QRM:,VD=M&*\Q 9=;3B M:?/ MS7K:A8=#U0<&I(1*AGRB"&KM#(,\:#V-+!@KU/V[(P1HVC-Y7(0?%(= MUON6>])K?7A09NI&ML0BSJP*)Y.PUN$=E<3Q<0UDB?2+9S/HF"'86 L8DAI *SS8';S2=2^+'LR]&8-!95Q8 MDM7"%=FCF%96&:>Z,L,(9#+!"#<40 MZ:1M77J;3Q9,5' AW[G\XPYP2C+C42BE/*1:< M[018<_BZ+/-SV1D-EXX,W":9/W,,O)G__T5>'2IC/CHFLP9Z@.M6;+W^8!O_?%YVGQA_[Z2S[/;XN- M3;B7NZW&9D)#1BS&A%%,L,2,2AG(D P@ U6/[L2#.5\CSQ05EAII<2"& 0* =7Z+63!R1?>ZKL'JB KY;MR^;YX**ME,?FUJ*[K"H';XNIFE].]7=>AW;S#3!F7,LBU,4H( M[JT$5N]T"\4EZ;['#U;_&_GM'QZTCG*A)O^]6JS=YA_+?=)Y2 I.CLL,!*&J M$9P\V6:.O+AGC,ZXHI9B[]>MDK@5&'.U)44+TB.Y:[@RVCB3?O&N3J#V@&VKX2^W@/+^H2KNZCC YVU5\J66&??-@ M4 H LIH8(07"0#HD$-]21#Q2*2,71[,>^C#C4'%=%P129CDLJN43 0A_>\[\ M\%&3-W55;9K;%@>R&@X]FF'.C0!><\0 U!) B&5#/I Z92G6>5=V=.1B&16/ MCH;2.9Q];%Q<'+ZCX.CS&6*.,\T5T,&PMP102E!#$Z'4C#-7H3^+7O(Z&CC? M!^-'E8PP$GY?QA/RUZ"8Z=5T5H?73B8@O'PX(YQ3"PPEV'*F",*<^"U5U' [ MH@NW(G&GC Q),I=7/I^<;L*_>RCSVGK!,";8<\LIY,C@AHKZG_&$H(=A;&E;T#,B(#&L)ZYRC1PD+%/6TL%N['%)D>AMU18$GW7G\NYJMBH3XM MUOW>C[[7WSZ:*4ZI%XXJX#ART"LE&VN$0>Q'=!H/8%_W1",Q?WV HFGI__MT M>=?0 &:[ "6?(19 MH]U9NU]&!H0K]3;18GO(/&#:8ZH5M^&,S?!S,4C% M15,NEE9#.3O6I^+PH$QH!SA#6BFMO/(".]M8)L'01-T5N\%V\I[9N:"1,( USWOZEF!=5 M/@O2J";W ?":\G6WZ9-%^NTFR*QDA'GB/8<>,\HT,(U3DDN!NU=Z#)9+'C.$ M-@1&J23D73DO-Z'H=:>)H&^>%HJ#8S)$'64 \J#74!<45.F W=(HL!3=_7.# M99M'E(-8L*1B_6:-=<9.8WE,YZOZ/M!=:H(N;LIJFR@1C(ZURZ-8+*?71X2C MQZP9M09!K@U5'$KEZO2@QOS'*'.!&$-GJ3$()WORQUL#SVZ(+1%Y1D!TJQ?)3D8X?(T^#):W'/#AZ0)&*K[O&KC%C@T M)-,,0TP==(9CX)UCDC4:M]!!,>K,[,%2TR,R.Q(JE^)[?<7)L>-_[_-9L(J\ M$,&>$D9B;P@#H-FJI.%NA"& _FPZP?44T0, M48HQ21AQ#7U(@^Y>_<&3HKYY''EQ?4L M_''<+7AZ>(:,4IA"("R!""J%D+,[R@$8H;<@NE ,@--%3P0UGVSE>MWXY/%> MYS81XXXS9D9[9(S $!%IL23AA\:C(IWD([R'<$ ]8AC04@G5[\7T]BXL6WT. MQNYMT13MKRE[VFSCE/IQUCR9%(CS@(,QV$+AA!1XMP4+P[J'().I)=&Y7J;# M,Z$;HEJ_=/ELN^VN5Z^6RVKZ:;6L,^8_E@V:Q63;RUG5[4 VW2&.F;'])\^$ M]4Q;!(2"V JH62-\T8Q0KK?])Y,1QI:"I.#?.%M;XOCB[?L_(WOT$P9TD%G M\4RIP ?KM2">-*Q0=5^R\>M@%]KZ(B&:J@9U?_7A>O5WY2QP;.'^L9HN#UV- M.OXJ1 5T0-P)KC!B#EE#L-CH46_/YD+A$ ">9V?SM4D]VU=W[?*;KV "!QCL M+:$&(\ ;VCBV8)S%BY'Y]MP2CHC4]R4-EY&"MC='CD (+NYC/5D\\^+93#H! MF+-!H]58"(.T +*AR5J2]+K0EII[/]X<=IUV0B05E]5DLD:XOAUJ.GDS-_G# M-!BP)SE^=%SF83!6>;!F@JF!/4/"*]_0"E&/V.EPSH*HW(^)3C))N+Y>W:]F M>6.E[FE#J<]X-XAH24U3H@==0C@[LET@^5BQI6#*+ D]5$_N>3M MS>: ^\9%\[[5O<5GSI0Y)A#&&'D"(7?42:+T#@^L1IB:$='O,"Q8%] GSW$9 M'QN6@?"J 4<]U$APK)#&?/>:0&N2-DMI)Q:#\?*P_MD7MF1E("^ ..IY>OYP M1H()9I0!'' 3\"(>@AU5G-CN@?;!E,Y4PM ;K&1[Q$8GJNM1;FZ*Z^75_/GY M^*Y87MU\S+_ 8UM&^UDRI3!!$AAF/494"BKM[MPVEKCQZ:')=I#!4$RZH6QN MS;:K*JSXUZ*:EMN@V+OBC_6OCKNWVTR068L48\Q*P9WDQ@1\44.] Z2[@VLP M'3;IQA,;P N+S]_RV:I8_^[J85WPXKX4U?5T<33C\.RY,N.)02Z@[8BMFZ@% MK?'1[-.R^\8T6)71A84J&I:CV)X>\T1J2[.8+];%55WWJOVS991A'EXUX"61 MB@'',=R]=U3J[@&ZP0J61K%Q14%S%+M8)"$[,EF&C8>4.@\%T1Q1KR#8<8 8 MV]T5/%C-U"CVL1A@IA*Q76[X$/NJ($LOM53X/5 M5:42B*X8)=U*WAJ.@JEM&4H>]%8PILE,#&>ON MS1DL4S[I5A$3O#&(S'JCZR@QZ[&9D0AJB@@$V%DA*&:([EX3UN/VH.&N'AF# MQ'0!+UT\NKD6:_&Q/!!&74O\I^>'X_LB@+>8+HMM+Z,-K?5]++<;_IZ2MZ&_ M.N.<8LTU)@(0RI2B3.P0%USV:#GUZMW5(\-^W&T(B%8Z;.D0"&:=HL1:O#,T M@K;0O0T!?/6>[CY I6+ZH7A_O>3&I7I$%MH,SV20=00Y-%8Y;S$6W.RT 8QI MCZWFU?NU!\ O39F$+3X]RP.-?Q%4_1WOZCNF:[^_K?W]L\M=_50OYLU\L:Q6 M;2LO#HS(C):&.2 \1X1+)3"R7ABON$/ 2=JJ>"T%C:=J,/8\G3D$+564(\ M MP1":H+MM:(,2^*2-+(\68O3FS7-KN3<6 Y5D[+V+\=O5;B)JX17;:"L'JBQ: MC$X$N.LFHC,@G(8E$;+U,LP\T#QP]AX&86' M1PG:_/=J?CBU^=PI,BNL5;61J;$-R "@;_V323+II HV:!!LB&0P0)E185N$"!$7K$?8W2L3W>).S_W., W'?U^N MJK[L?YPC;&C:<6X,-\P(9+"L8;00,XGJDJ_NYWST'+#DW.^,4K(@U5U9+3\6 MU7U-S,?PU:>JWO<]GW&K$126.$\4]P!P9QO;Q2"JNF&Y<(1#GY MWQ>?R]GGZ?S65,5DNO3Y]70V77Y5U]6 MG)%8(VT:LNJ;<\9C[T5C4)D&JW2UK'MI:%'2>F1<1H (>I2C(A"'@?%?SBXT4@=B;H3@U5QO?P M_@QWQU!DKO<&I2.K%]7R"9O#WYZSN+X@]\/U73%9S<("-P'E7XKE73EY,_]< M;+)/7GY:%._R^T,60=\I,\(LL)1;A RDA"'VN"$Z%DZVA.*2W&A(#-Z08G5H MF0?5R-.#LG Z:F:PAUHJX0D(/XN&.D*8'Z=5D8ZIY\$>M4E.CLL"$)X[[QED5G**E7Q$!'HS(CLD)B_* MX2 :<@-X7_=\/J)4['Z?"2RL-CK\P35ADD,D2;-F1'J8E^<[EB^B(71%8G#N M'7Q=GSV1.4 P#X8.%1!P"(,RK!OM-TBC@N,]R#M@_YQSO3!X/3P&:CG7I M6/9+_F5ZO[H_RK1OGLD4)-0I0GE=T6*D0]+A9NT"LI&=B9U0+^/0GJX@;-L6 M2Z\6TWFQ6'S8Y%2V[C2];US0!EF@%#L)K :4,6PD;G)(K;/=KT@YOUG"Y6)O M$1%*)@V;)9Z.MCQ]+JMOF_02PD 1MY@AX]TN8Q@J3<9YH$;FTXOKO?LC]+JY M/JHC>$S,CF*W^ND\GU]/\]FVS.ZXM7K@Z4QH[)T,Y$KDJ*1($4.:I2JN1W0> M]X2ZC(U%TN*T=^6R6/R:?SU1C?+BV4QKY(3%G#M@N+#&> AW^!#7_2+-P?@; MNRJE+R:I^/Q,\RBJ^R.,?OEP1@D1BGJO+1= 2^B4D5NJH-.H>^!BL.CFP/5' MYX-R&5:_F2^+JE@LWX>#:7TZU5EZU_6M9;?M*\^.39)AZ)B%&BK&F6'2 2UV M*'@#NK?Q&"P$.JQH1 3K$E'P7=A^8UWJLJK*/^J@?OX0?G.T2>LYTV3(: \ M<^$4I 9YK:5%#1+A[]U=+(-U48PM-@/"U2./VI2?BZ#!+!^[,M0]JX)*4Y0W M;XMED.U%V83[-XL]H!1VFRP+)V9X1X)^K"3'6&& &6@(%=Z-L!%B++E(!EK* M;6712+A95=6ZF/;H]O'\\4PKKY$!'GL!$?4$(+6CC, >?3$'ZUDXQ#;1$Y9D M#-](9[/8)SW(U7VY.L[\$T,SR+42R$*LB1=>0X0)WU*,B,$C;"P871#B0G1) MY>)]42-87]'<4[TX/%%&%=%*86D4=(1YBXU0#1J&J1$V'DRA8$0#K*.*\31. MO\Y +)?Y[( &L??93!+(* &FOAJ'"B61@CLIM\)U=RH-UC8PIH(0 Y-(K*N; MZN3SK[]6Y4-9K165Y::1Z3D\/3Y)1KB6/!QH%%!$.5/ "-80YCCL<9G@8"W_ MAN1V5+12'0#[T[VN_IB'P^QN^M#*']%ZCLPY8QG%WN'P$T-" [J?]<$WRACSNS\3C MD;-#=S3[L+J_SZNO5SWAYTW4>*PU;UHT'CL/BWS,=\%_ M2]Z)M)R7#V>,4\RE= YC X/-Z0.R6RBH"MM70K'HG8O3FJU'1:0#+)>)#1TM M03@U) L6HA'A>/$&(N=%L!N#]KFED$%BQYV6TX=E1[G?&Z'O419&F:PS!A&( M8I@K\B=$P6J^**Z#G3A9K#6K>:U935;%+V'2.P00/)K!<\X4F6!<$DZ81%PR M!K@F=1NO-5$,*I.TR5T75;L+?\HD6'45 /HG"DZMB!T7@#.FR#1 FMJL9!@ M?0&RM[0A2BLQPOO>XPK <%AU%("-,?5;LZ(Z.^5MF<]_J9LQ3.>W_Y7/5\'H MPF%9?+.LHZTM.\Z622N0M5XQ1031'C.'64.JASTN]TZ4"=)3+-+ UKD0<;NL M)W8W%T'?717_M9H7*-!ZHB"QY?C,(<0H$@PYYCCP0&-"MN1P9U7*"K9+2,%0 M0$7D.\/KY?R2?PVKP6>S?=_PS $#F69$86P-\U@(L2/&"MK=49\H;6, KD? M*2;3 0B+\<6GJMZ%PHKH^8P_,$4F-?' 4^H! ])CP#FR.Z(6>R9L,Y29"@QC" 8=-Z&,B500JWP8IZ@",!/)LI"0F$QAH)L57:.0T:1QG'UHVHZWTLYKRHR>L'R7=;#6*M159K MA[PF1$%#E&RB;%:(E%'"GF'X./'"B&!=1F1\?EV9,?.)FR^GRZ]OYC=E=;^^AKWYW=!KV,.5P>G>]YV73E'>K4DM%L5R$5CR M=II_JBNZIK4#(J\7.;F:OZ_C$'6P.3SPKIQ7S5]UOI@NWK9(;([Z/9GBTA'! M"/?(."J@8\@(A[D4LGZ56L6%QHOGJ23J:-^1(M<[P,C,JN -QQ3#ZV'4BIJN-^"0I7@W:V^ M@1.^+R 6SP4S"J*I%,^/53Y?W!15C=2FEUE X>IF#Q&+VI^^V/^KD]&DF%^3 M<8&(Q)8J2;271O&:.PV26H[T3NUH\E&.#MI_"6MW1$<9,'W5,GH9V7Q?+*:3 ML,JPY%_*:GF;'VE$?G),QF4P1P7DU#GDB,,$NT8KHA;*$49>+\/B%Y>3Q0$T ME= \C1N^+:__;LK[^^FZCOMTN/[DV(PYK^LPMS1 24\Y1@YM:6;:\>ZQF<'" M[LE&DI<]YCWJ&YCW%!GO.G> MLV^PD-XHQ"8*FNG2P?+YKZOJ^BY?%.=L.D?'999 *CB2D$HF",(<=+0"AD< M8:AP%)(3$]1DFTUC9^NO:TO;S/+%J>L>#H[)"#9(,;6TT-5HCI'8;*M3= M@Q0#)Q6/P-L0"=/D?%N%]K+%Y,W]8+<.ORWG=W&P=F'A* M[$ES;JBOS#0PB''DD3/.>5;7_34Z)6- C?S*B@B2<]PE>VF@_R72\9$>I[?B M^Y'D"VF#^7QR6O7;/909*QSQE#GJA J 4NT:E23\'W:O#!_,.W%YAC[7^;JB MF;)@Y.WT!:&&(PU0:*AH,))-R MM%=F7UX!' KCR\M9JV8U;89G)-A)1(E@AC$0#"BJ*>(-Y9:"D3]SV9>0VZ E!X(%U1%S0S1.PQ\ MCW-HT(JW>.B7<0&Z@#=J>^BNRW"JXA^K8G[]M;U?ZM#H+.AX] MX)$K)E$Y>TAJHJ/WSR,]H]1'QBXTXQ&6Q6Y3/AW);3$\\Y9ZP2SSF*F@Y&'/ M>.,,,PZ@,7MM8O"SA:STA.RBPO+TU.XF+R]GR+0D4A-NE9=!U0OX!FP;^H.5 MT+W7WV 9),E%IC=J%]"1=S_^=5I4X?OOOKXM/A>S]FKRD0FR8#C "*+/:&(2$&#FN!\ MHRD89K5Z-0IT%(:WV:\B0_G/+5YCU[#'+U47EJ9UD&^Q!N5P9]P6H[)@KFB( M#.-,*2FXQ ZRIHQ-*#3"A.V!^'A(6GIC=DG9.-P^M\6H@)T@$M6Q8>ZI4\&B MM4U>H&4(=I>-I%IT&MGHAMDE9>/PE0LM1@5=43%"H 8"2>N]5Q8TMH*U%G:_ M^7BP9.O+R48WS"Z4!M;)?E"?%NOD\?:I7[V^)D,PO&94<^ZE)8!"Q?$CDF%# M'O&I]>J+SSLR(5E _9&@\QK2'!^8>20]I$[X<-@31@Q6K@D@.BK9F+V029G] MXMK'B*AV#*^W!"(0_[[MKA9CVDS"H#D2:[PG7OF@2$(&&N(M$V/6KRZRBUT M]%2[UH::\S:L@V,R30!SQDMF,5(N*"]6N(9&Y?R(C+JT+"V' ;#OMO3XQ6UW MG)- M5E!Z 81@QD&J%7,[L#3'*4L>+L3VOIBDXO/SYNY;)(YP^\"(#&&(I:>*U.W ML:&0N:9_CC> C.C6O*%X'@>91\X/V81U7XO0?9^E:=2Z[YO?Y565+Z>?B^.= M2Z.MX<@FV7U-=D7/>FY^[Z8U?>'?"R;-C0F?Y@N M\]GT?XI)^*C\:T#ETVHZFP35?3<^-3"['W9"^:)R:G+_SRJOVQMO MY.CQ#7I[3KO<=C-EUGE)H0B%%T&A54(":CFJD\%:[?+CC5'4X]>2^K&X MOIM/_[$JDO3(/?2UF<"(20NPY(!HS"!FR&_1#A\*UOE,':IM;FPI&B V$0GL M?,R]%_!=UR^\M*.0C* MJ:R#?%#FE HVK2?:& 48(<$:VE%I#-/C3FGLS[P6TM +J>]5+D:9 MBS@F<1B'&-1G?7TS7-U=\F3FT.G!&>%88BNQ\D@;@K$S1C=4*Z13-FIO&:^( MP<(34M$;IX[2L:B63R0C_.VY5(2/LO?Y_/:0IO'-[S/JM9/6,@Z@M5*'5P:) M[9J1)>2[;HL73:WH ^G@8G!P!WCV1*810]@+7F?/*2H9 K:A&G%)1MKSOB/V MSSG7"X/7P\-1G>!I69>.9;\$^.Y7]T>9]LTSF4(8*1C^)310#AQ2BC=K5ZA' M>E'T$[8SZF4/I-Y%*144D 4%5@YJ:5W.P>*X=T5YNAQU2A\ MZT%[Q\0;];FH\MMB4PUGLAFB0Z [C7#PV=P#LCA_DAU9.93\^E8N/O@LYFT M2@ "3-B%D)"*&2I-LTQN_ CO$$C!T!A8I0E]OXST?5C=W^?5UZN;NB_8-DAI M[O+J=G=M9NH@Y"_Y?Y>5*>\?RGF=3'9U<[%PZ,4"U#NF-,'BQ9MYS9^-#*O; MJMB49UTZ%ONWO)IN(L.;96YNFGW;(O9Z8F2&&9 LV"4$>L(\@I 1PS!UR! * M+6BEG ]#\X?KNV*RFA57-WMIF)X.F[:<(1-44V6Q#ZJY1'F(4/UUW9QZ>C.]7CO/KFXV()\(;':9+D.(.(&53\\KO_,DC8J?^SK%[ HIJDIYXMR-IW4YD=0='^;7S_Y MX&]OW.$KS,X8G2&"29U[3I1UP<3FWE+6D$*T'&%0=1A.E4-#UU$*UI4#^PR= MH]P_,2KS"AO%69W/KJD6&&%EFZ77-OWXO%"#Y[.#,=*8.,9EI9 !X@&8(>5XB-LC#&4<=4?G8[O^/NBIGLZOVU6\&OMXKZZ M4;/9/H$\\,Z?.4L&D7/,AE=$<\"9P'4CA=WV16CW&.U@>T!LQ@^/6F(79IKR MG \;Z_]))4?Z;TSMAWRY@JM@AX-7>*=EZMDQ@Q83% M H?CP6*-30!EBPW'TG5O(QW901F7T0>]E$,!E])CV2IGX]>JG*RNEU?5YFKE M8TF/^Q[-G,7.,J"D!AB&LPH0*QOR%4S:5+.CAW$ 5I=101LR96>[O,>[M8O# M-YL>?3X#WF#/B,5(2R^PY-;8+4U"&#[2>U+ZL^@EKZ.!\WTP?E0NNI'P^S(V M]_LBG[G%LDU5P_-',T@)1EP:QKQ4EG+'%&HHH@8F=<2>SM2+P)DR*B"I6.RG M\WQ^/_U=V+;NBGRQ/!HR>_94II'5H XA6^LT,@RQ0-AV:8B+I/IX._=X M1VC+6!ATS:+'K1GSW],.C( M'C\KJ^DD/\J<;Y[)),#U57#*$^(5$(!@0)ME*=OC N'!,N+[LZ8/ AT9\\MT M\GMQXJWYYIF,AI<6ZK"8NO6@=X+5]XUNEJ649:8S8Z+WY(O'F#X(=&3,Q^)+ M?CP]X\D3F1'0!/& V-:52]IIC1N=65& NV]DYU\BF(PIW>GO<\;\<>IM>?94 M)JQCS /*K:_O,K!2TB;^H;CMT8>$C92FET]G4C%-"*4T M'(3>68&]@LU2!1/=MS<^7G;%P2*5]50O5)]B\>&',ZV="(0X;Z"40#O)R&ZO M@)!W]Z6(<7(X&A1==;]G[KOCI]J!IX,VA"3F0B+K@[J*!9>:-TLUOL?5DG*< M7(N'1;J(QN=BOBK:7,KU_-%,&J.0%D:+8'0(1[&CS4X3=J#GM\R/R$X>)O>A M)SZ).>X#.*:Y2T.BWX3 M9QXH4N==NP!V'0Z&3#2'I;'>=7>;#^WC&RBM+B6:J63O<>7-=CB=KP)QV_3: MGU$\'K,FNDZ!&TT8(QH)9!FP.,=3E)W[]!R"84FJF"4EP(Y M637-)@'B]SJY?+[\ZKX\%//%L13A_0,R:)P/P-4'-/246<-88YP9Y## M;%Q14.IHPM;.WRROBCQ#_P>*;%87]2SRO7G?QQ[/&"1U:RF%F LO![=(D2;> M:8S%W<^BH7WG<5D:$:,^#/WVBQ?9?'7$+W%D1 9PT.:@H)YZ:127B%JS7;(- MT'1GZ]#>]X'8&@6FCIQ5D_\.%M ZFZC\4,QNWLP7J[!A7!?OB_J^E$"HG",==DI5J%>Y@>0SORXW,Y-EA=W^)JNBS*FYLR@+I=0%5< M%]//WU2P/7^1CP[*M+&.88N)P:*^=9HHTH3#+< ]FB<.[?\?X%V.B52:(L:7 M%78O/WG9D&TTA7?A]5E60I MDI7@112"LQ*TST-NW*FZSD*FG81!S7688B4%\ TM1$+\FA.T6_/I:,YN-X1> M-]"=IIF!W%&.B6H,W#%$$=MCH0:@UQVMG=H>F!&]%E!3VA/9*@?1X& M21.T-166""Z\@\8+13#CCSH-]2EO]$G&GGX8)$O0%D0*58N'Y%IA#I@ L%F6 M(KY[A"-1@G87UO1!H'N"]F,BY:DT[>=/9EH'Q=\A8(D*9@$C86V[_=L@WSV& MD"A9NPN3^N/0/V6[;>+V=GDV6&[!1H,PG+%>^KH[W.X5MU*-UX'<@TU]4>CA M^6_!H^>/9;I.B SF-< &4TV!!08TBV,6=^_)DRB-NPN+>H)PT3QN8PA#R'OM M:-!M@!,:[>BU0'7/*$R4Q]V%7W&P2!PG#^AN70QOUI?QK(V/JVKKFCT=-C\^ M/C,JT @%5KK.N>6 <"D;VB4@(U3P!W7V#0':I5S[EVI4^+%4 M*(]\?26D$Y1LL>'.ZI1I[?T;^;5F=(1&?N-]=?8;PA#;,O&&\PSABD@>0("H1)K<&+W=*\&^%-&1VA/1)O. ^#I/$& M@H4+EA6B&%OF ,6R3CY=+TTBA$=XL6I_]O3#(%F\P5*%PN;@# 4,0ZV1D(T6 M()EPW\:X XRS[;(4MFCT,88NC.F# M0/_HPNFX0B8E-%8S)QV$0GA!'7#-DK3I<3=/HHA"%Z9TI[_/&7-V0Q@/>! 6 MJC"Q'AG!C<&T61I#XX\D=#YC.F-PT4 "@IA[P*10"!"I*,6!Y.U2*:'=-;9$ M@80N[(J#12KKJ6]#&,.D1TH@@I!&TEEJ0;-]U['B[GE;B1K"G,OA:%!TU?VB M-(2A6BEIM QKXZJN_=,<[I8*6/?<[40-83KI@U&P2%>5O8V,U(*V^&T>T*UO M15P'MYXX"?=67A\=F2% !81 H; ;$DT/)Q9H[7> MAQ&+>% EWS$>;WA8$S&?U'\\6?^Z&J'-!M)JHDQ!)1CQQE/G#0\F&R:R02/ MTSW_ZK*E]KWWDR'02RY+VTX2GS>Z3E&UDIL7@S)K,;/!2A'0<>CK'CY8[ZCT M/:XXO6SM?F\9Z8M4*GG8)&PY_/N/=2^,!GS:1!T @=V"P!M8Q![%$KM^'@R3SUDO77-0%G).T\'Y6% MK8E1'XXK[8TR#$/H_)96$#Y*>8O6T>2W M57Y_*N7FX* ,:Z> $UXK3 PE'!*!&V@H MW;0J3+M^G.[NQ=\ M.MOBR+!,:@:4DT8C@I%7WEI'&DJQAW[D*3<16-A**GJA]3W+QSB3",:&DE$H9IH8*!XT5SYA+3HP/4<&['*.B7\<'I MP\O%']/EW5T15(SR(?^ZK%M"GF;HP4$9U50@!Y3"2$%J=-TW<*=)H1Y)VL-Y M#0?A:BR$4NW:=OIY.@GFU3&-;O=,QB6!DGI%).5>.>LA53L:N!UAXEUV'7YTZ]%-2TG&_$\=A*?')Q!JZ %#C!%K*2&\LCVWVQ(4I6)IA_7><'^[)Z7/[5C2GO[\OYFJHC@G%Z< 8DHI!C!"BC#!L* M@AFTHUKX[MO_8+[_N((1':(+[1C;4_!]46-8MZY:+>_*:OH_Q>3Q&75?KN9+ MV'XG.6/2#&$KD,%24$*XAL!Z#AJ4&/'=_4F#!0@&W6&&@RZ1=WGU\+#Q7.6S MOZSRNNET63UQK0_N:S[Q_3J?U1TY/]P5Q>7K3)NBCC:>YY:$0]$E#(#45":2)3JIO' M*S][,.-0N5T7!%(ZDQ?5\HD A+\]9W[X**L3:,K9=%+7R+OY,K"A.%2Q>>SQ MC%DHB>320(:EIT*(^LJ=-0R:$Y7RAJ+S',<=N5E&QZ2C/M&9RP?]?L<'9(9! MI:FQ1G((/6' $=-0A8+M/4Z/!Z+X2^%_Z/RN,[)K:G8_>OP$(ZH"'8#1\8 9DN'OROGY M/#\^*&,&!=N76@,AAEY";RANJ"-"=:^GC^X)&H#M4;%)"BM<\QM31Q(0(]\W_-?\,LIY3T02Z'S/?!]Q&KXY=A]&0_^F_FRJ+:.'#>; MWD_GZX6?K.$\.BXS#BN!'$/&*>:=(5JY':V,CNA.Z#@L>Y&8'P^X" M_O;!C&@O>-TGE5-I"?)STM35Y57Z?SV[_EL]4QMWJK\9ES%@;UAWB!A!!,<.EM0SN@:(1RT)5Y MY?#PI!*-=9_;Z75]M]!>*HY(Q:FA&8"&"V$VR4K<,TEVFR>Q#G4_ P;+]H@D M$)&12;E-/%OI"TJ^_:"=H/2:-W-20\X(TTK"^D9KZ21HL%+:=/?H#I8:$G%; M207;:ZT'101@"R%Q%F.F"8-"[UXDQ-N52J5-]X@D'-$PN6!5^5^+V<27U8?] M=WBW&Y@)S*$Q'D#F@A+MN"*XH9:*H+)WEH#!*D5C2T ,7)*UFRCS^>+),GT^ MK=;JD9TNZHR#575,%%J,S@2LVYFN= S6V"N2/,0' M)Y50;(IX?RF6=^6ZD?_F4NMC)\*!$1E0 @*J&49U9S.,K$&RH0_Z'L&#P=J$ M16)^'$!2,7S=V>QD*X G3V724:6LXP;38(X3AQG:"2Z!N'NL8+#N8)$8VQV$ MA/[#?'X[_30K-LM\5RS=E^O9JFYH]I>RG/PQ?4Q]V^]&/#D\8XP*9SFRP(0= MS'"%-6HHEY!WS^H=K,U8M$,^.CK)*H.*FZ*JBK =79?WQ%#& ME*% >A@V-!F^4GE-G+ ,*6:]=[I[AUL(1BX$T4!)J>MO3Z W!K1#B24U^M/@Q7[7V4 ^&_A\=7Q"J->\V980D69PA@C IV"%MK&Z\Z\[%%C M L?NH$R)6]IHQ"P"DQE01JJQF N%F4\N$(R:HO!@Y%+2G!@'CX!AKB^,%J 9" MZ1)RU?.KS=_.78N=)PRDT8$]0H)P2D/ M9Z"D3C8;*2>L1[Y:$D$ZF\_/3Y,TL"44K'KQ.Y7ZJ-[Y\N', .*YL]9@RX## MB-%="@=7QH^PRVUD8>@'2+KC8UZ740?C:7K\W'A\+*/"*H*,8YY0X!T$1#3Z M%L?<=<]C&"S@&).U/:!(Q=1W93!3MOO0$:8^?2S#+BC.P'"&)6!AZ8I:N*%$ M >I[7%PT6* P)E-[0'$!1:^=@I=IRS#S2B,/ _GUT<)50P?G9(0]8N.^IUV1 M2-H:8F]GV$,M'[YY./-60^N@H\((YX,5''2'ABI#87>'7Y(C=A#%O3=*8S'O M>YCU&4?>>%WC9;0&+KP[8EL%HZCOD_.1Y'P>W*"+@-FCE%RRM\?."1+4D7QQ MYV?E'XO7WF.#"*TIAA8+R!CDW%*DA42>80)HV*O;R.[ E)W98R,H$T&>F(5$ M^*!&4%^+V9HB;+P3*1/]S^VQT9H9QWMLG(= _KWVV+!:<>FXQHP%JH,.(BG= MPF"MU]U[NZ7ML=&:FVUZ;)R'R6OIL2"]$@)#BA&&#@6ZN,(-5=1!\1J*^KHR MJEVSA6X(?2_\OPS?N_382,SV=.SNUV/#U_D#SA).#)' >TB 3'2_'#5U MCXW6##G18^,\0(9D;.P>&T(33@E0F!'GC<:[P\Y)VR.M+G6/C2Z,C@?,D P? MHL<&-E1+A[#37B%%&102-M11"5Y/CXTN;(^*3=I:_/-[;%BC*(10!_EE1#D3 M*$%;:CR'I+O;.VV/C7Y*>0]$7D.O!:J5@9A0YZQP0$L"B&XHTA30UZ".=V-1 MFZ8+W=#Y'O@^8C7\FRWZGHY_7PJ"-I^DDP@ M;I4D7(1S$VIL%&"@<7$J;T9XX49$/^U@.%U86C;IW-\0T"(W\OS),BPXAY)Q MZIGVSF$D+6M0@8IUC["G3)R-+#WQ\$HE1C7#/&9+5!R[ZB([CQ:3I M_.K=ME-D3 1E4,CZ=B1N NT06=H@0'B/DJ_!]I]+2E(<%%/+D2^K@-9U44P6 M/L"YKG?= U<+<6HY4Z;"::")#6^7IW5S/X@ ;_"P?>RFP?)'+B!5PX Y/L4I MBL)4ZQ@(>6 $U9 *HAFDOD'!8].]QF2P[-*$(C48CA>6)A\,SOEU)#7\R&29 MI((SQJ25 A+#')5<-JAPQ$?DKD^GAL?#*]F!]V0[?5\\;/?9JYL:HD6+&H56 MX[-PP!MOF=&^;@K K-$ [FC'NGMR9&KE.PJ#GQ]N T"82GR^66\YO_U85/>V M^'1,8@X-R2P E"F(&,%.,@QT^'=+(8(2=G<W-8K&JK[$TY:*5XV;/J P#SJS"RD(G MD',>4DX:.D5X-SJ+QV#56"EWCFC 7>)8:=;;^K[G4V,SI;'&Q#DGM86(FZ!D M-78>4@'>SL(R6)/&"QTS,>"[@$=OD#O"/? &2 *8.0=&9PQ0Z8WR(IRQFDC&L-V] -;W M

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

  •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

    ^I0:>[WN!ZE>BTV1^JY#JN6Q_$7F1_._YI#HC&*29K"%N3T;% M']76%SWH5KM>7F[K80D)^&XM4&@#LJ(VH<4NF*[%W6X_ ">XP_- M\6;#:6-A5@QS+)7IG#N.K1FF53IM;.ZT^MD=BN-?9IENQ?&T2]VZY_>>W]\M MO_.:WZGIJHQPT.)UZ@>,VT% 2WX/>#O;Y( 2_@46P#;\KI(!Y>W^L3W+]RS_ M 5E>XW7E)LUTJ>HY8,AC,;&5_ ME3L&4/%%%(4$J, _6D!QR! O-0>$=9JUNN5F'S\^]+[ZC\'"5LW"U/)]F[BZ M9S+;LPT+3?PJP]QP6SK_/BS<6829\H%E=FK!]RS9VE;.B^2Y@& M[&MXU XLKM'F[=WRN&!'JQZL&HTZ]9\U= , M1@)J>Z;/N>'K%5@%%N<['W+M JQ,I@YTUFGZ4@]6/5CU8/5^P(J19D/87K/J MP:H'JQZLCA:L&.TUJW<#5L*3]5?1=:7\OHMG-R;SLE:[.N:C'&:^G;664=IO M6]7712]:VA2D\Q+7X:?U*[CT_D785.5;N\B3>>[,S/,NSPT#[YRP5PW[7/3; MA1U[MFF<9"X;WGYS,9@ MGT)L.]CA,UO--+L<;X?/ZK93YVN0?;?=/%>]8:F_YT8-H]7B\7U)Y0XZ^['] M.OOQ(]$-6CFTK9U]']I"%UO*&TH'YBHW&\.*KNZY:,TY+-JCW\C&W+ @\%ET M/5]L!3H,LRP&_:1L +OV>T>##WX\2', M1/_A1K/7%(@/.XUBTU\D@'Q^@_N&\CO-Q-=RDV?W<392IF$F.O@J?M4N&%Z3 MSY$V"OI:H)''^VA2#NU)B7,$G#P>"7J;9ND-[OV99IC$8<2@FF/[MF[3*O?-4JUE!P(FR;B" 4#Y M'SY]JV:WVN7YS^*^?Q:I#E?W433[D@X%\]C?X[RZX!+7PA9+\:N0J%VH;AH] M:U]CM1R&RXP@;R6?%E*+1F?)WT>->/GH\ M3:+O*&;$ZF"_>#$Z>$N:/ #7K'N)[&JMW,,T;N9Q@AH@?#>"B8$\"'.X.A]F M\0T,/+P!(3' JV$0)U)18MR\51O/@6]#9X?Q+>P;!GCQ&,$67<5&8I MB@G+]XKU$OWGX_'-/,LC6>Q%B+AP.@6A)[3]MJISIIQCBJQY0^ZC&!^Q#]?6W+]?^ MW[]=_O9UH)Q?N&?'-KZ+RVO_2KF^5-S+"\^_N/(]_.OJ\LNY9U_#A^#\PKYP MS^TORM4U?/&K?W%]=6QS^/&W"_LW[QR&NVQBEP-\CMM>!!&JN9*[-IO#ID,T MKG,U\ @6^K6IYSJE.>QY:O!97>OAV'B[M@NW>/-,@/WNGLGN_)"[>QV[]MBA M!@6ZQF.6SJ+/Z>W.L8XM[0':+"YDV8Y)-5,39Y9-I@/] M=WAE!,-+;RO-H*';'=)[SLA9^Y!29WJ]4 !6::N@G\&<_C6?R%44.H;01*6B MUG(3B O&\V063Y-::9)J#]Y2_?04A:A,V4=D4 @*1#4+>7,*2A4@P^VM\(W! M_V4W\2R32 ,Z]#"*A*XJYIM.HM*;TE88\?X,%*=,*.,')FM&FNE7%EB#@4]\ M('=JZ\QG99%FU3/T)EE_ 57T3LPMO?U6^%4:L:%G#-Y.PW:,GK43')ZA[[9B M]_+E[$!Z:))Q&HZH9^V]0KT7/KG"NI">.6&"%28!7" \94V/7 Q_">8"F_+W MVA8;IDDQS)+PUH]B@&9F,A])R9/F:-DH2;7K W2]E?XVY2;,X3FIM,RDSC_& M5D[M/B[- ML22% =Z#19=FQ=K(><*WS]HM]7073#FY?GD,=!!FJZ"J82*75TE+"E;Z/DXD M#*3S&1A=THT)GV'A@(!G M+"R22=H8M\BI,3+G-I@DF?[.Q)X,DH5>1EBE#S?$[V#IT>H:82( [-MX"LR!NR-W/0= E0LZC20\ MP7*"=(*YXFWE5@W04SL,\WL%<^SR%0[XMCWWM_\3"K;(F:';E'H>)Y9!+-]U M". -9X%M.:KJ,E2#_AINH^6]OK%Q"+77 MM7 M7%'!EC^#PL+GH2W1056F"N MH-R?\]KJOKS]&J+SQ$UAAR=/EY/DR8OS89*BQP61R4G2X1^?5@ 5,3BGGF&8 M%'#*H)YF4[,$*D?5Z.=:*%B!3BRN^JIIV[JJ$M_5JHK)#K?(6GUXXWOH)R4" ML)^B.9W-(Y#0

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�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end

    F^Z=M"@H0Z12BOCLT9Z9!TN!Z[@.R"3/])&BO;P2U?-OFZ3*1>S&(H-IM]+&Z7 M9\N:7I*QK5UTF%B4%#L)K :4,6SD6E8$K+,I5R'VL(!.JXO^+>*:C4.K(1Y> M\G_Z7,#.42\AC!)QBQDRWOE:%JCTI99C3=/K<[8D('IB3.%'D\%D.!J,UX=( M]T<2.YX.0F/O9!17(D#[X=R,-_\6S0 M&CEA,><.&"ZL,1["S1M%G+HL:Y*LV6VG;1/P/(]5J?8@&AN4ZN% "1&*>J\M M%T!+Z)21:ZF@TRAE];R'6WMMLR09T//0Y,TD0EW,YA^B^[7TP:KLJV&EPMOF M9WWV=1(P=,Q"#17CS##I@!8;%+P!*>=IC]Z4R7%E=K?$:A'J5O,*YC+>J=\-=@]Z;W'=Q;B/!_?KQA_ M*LDQ5AA@!FI!A7<75O6X+4YE SRG.9O5;X=93"LP#YBMYX\'K;Q&!GCL!434 M$X#41C("DPIH]SYL:\<\)4*:C2PK9M>#?5(]1=V7B_W$.= T0*Z50!9B3;SP M&B),^%IB1 R^L"K"K9.H77C/Z4Q]**IULSCR5'=J=T>!*J*5PM(HZ CS%ANA M:C0,4WFJ#+]>LG4)]HDNU=.\BF6R8CD?C'=X3%N?#9) 1@DPU4V<5"B)%-R\ M(5:XE,7'YL6!7QTGVL*S);579>0&DV_OI^5#.5TZ9O-5M?1C^+"_DT"XECQ. MPA101#E3P A6"^8X3+KDO7E9WXM@2JM(YYJTMJ<47OTQB:JX&STT6G%JW$=P MSEA&L7PXU"3&R-B).4]Y Y+R(\7;TGM<2,DB29OV^T^4X%>]E MR\F(GAC!*O(G1,%B,BN&T3Q>SY93^:2:RJ\7Q6^QTSL$$-R;=G=,%T$P+@DG M3"(N&0-FVS(+SJ>2A?Z+@T(C8?O(@)=[26BBM1,HB?>\#BU3R=(?SB>1910V_UR.JDGS>EH/);U4QB-'D]C\' MDT6,+G <%E\-:V^)S!-["](*9*U73!%!M,?,85:+ZB'F.1-J7AFE\D!^\FG4 M];">!*=<1(=N4?SG8E*@*.N!4ZD-VX<8B3.*!$...0X\T)B0M3C<67711Q$3 M&=05R"URAN'E<'X;?(NCP4=39EOSX("!3#.B,+:&>2R$V AC!4U9P>]][DL' MC&D!XS8) T ?(;H1R*,5Y[GVF M2Q?$:0?G;&OQY>1VWKQ"XK;'@\6>">LL1882PPB",3ZH)5,BY7:GWGO0:8LZ M++ FV8MG@Y*00&BLD1!;I9W3H%[WXMBZ"RGKTY9B7YRI38/S]1VR!!Q0C[5" M$ L%#8-5U9F5? )*F'*8H/K$GHZRUR&KMD->$1!R(DC4*5HBL MNYKG/!G5F T))Z..@OH\A/.#87$P*WQ7DP"A11PSCC@A\?V4,934CR#2"[GY M(@^53H8U'W%6VEB5/2A,.9M7%__NYFT_O4+VM 'N&7SG9EYS<%I9$-6$*'44<\\4JJ=_!9%-"<%[OUZ< MSH[3D7P=U24(4PP8RU!USR&70&A2;[TIA9.J[O9^;3B=':EXYN)(0WI\)XD7 M@DEG.7.:2<^8-E/ )-4=Z?WB;SHS$J \!RG\8#3]VV"\*!Y3%QOR9$O+ M8(E!6G"FC8O3)HM>&$ ;>:U(H=K,FU[ ?;ARD8-S)ZN9PXHR0Q#.A:LGC M_RYL#3Y5_<^=Q;;QS?CREL-5:NGDVDWFH_FW-Y.;\A;!=CT:+!.5L^"$M%@;JSF/4\=:$&'0 MA5P7UKY>RU9Q;>:/G4@.$X6>#L9OXIOT]7\7V\[\[WRVJK7I!">"T^@'0 8P MP7(CAN8IRS\]6C7,0(\T8#OBQ[HVBH_3TV#\_XK!U$VN[6"^RX#L>CP A[1V M2B@%-=&(*:R M5BEKQ#U:"\-^7)D^>#BC.B=T@QI3VO-E6]T+4XA"8%M3TJ1I:1*:># MVQ%75!S;]7)\X\'M#GY\]TR %%OAH'7.,F.6B'PVH$%)[@%P=:WF+E4BZ M4J='=<@R1"IMX-LI93[>#\;C^BZAO53Y[LE@/5;($5[A8(PGT(IET$4]\B;* MED*1'VO!- 77;M=+R_O[AB%Z5Y!C"#5AA$O. M"4"Z-I?]C;!M-@)WM?LV!@M8 MG2!1 09" M ''\%5#+L*7*-_*O\DG;9"M[;[N &%;80N4QP\8Z0C$F:WF=)3YK+:D%.^(#[\K)M/Y5#V:CV:$Z@ZU]1T"< M(V4YA=PA)@P6($*XPI$(9RXLX:4=2NTR%)F5D2M1/RACM:!*N -QQ3 M#ZV'4BIJ-@A3)7A2@-)CLN7CQ7-FMJ*'7#S[-!U,9E&#%5*KJU C"E;.-@V,.=U56M!&J"DIQPCA]8R,^TN)>NN M5P1L6RG9',=R^L=@>FW*R=+!/LR^[0V"BW.*)1I*+!DQ'ED-:"V=\>;":ECT M@G*M:")? :;!Y/UB.KP;S(ICC-W>=L$2" !57"D(!7,$(4YJ62&#%W9PN!>L M:U,AV8Q<'>7I;\LXSXP'L]FA^'A7FT"P09*[&.IIHZG1&B&U,>10IZS<]G!V M[4&$W)(FLK-MA=@6C):@_#XI/\_B6UQA\V;RL)C'/Y>3ZNZ^)2N>"GLP7N[J M*X,&!C&./'+&.<^JRM>U]\P84$D9#3WF^NE,V[_N>"[%9)OE!Y/KPU/ZYJ%@ MK'#$4^:H$RH"2K6KIXOX#TPY^-'/I9FST^'Y;'ZJ+O+YC9/;MZ,OQ?4*L;\6 MX^OH]WXE6;. MS\Y&-PHNA;GPU>0VZ E!X(%QT2S0S1&PQ\DKUZ5=PX17-EN^">(99=F^AE M1O6T^->BF R_-8]J=[4.T8^H7BR&!'480^\%V;Q8GMN4_;(>+JJ<.V!M%6E9Z"YDW8MM_$ 7]CDURH3=K&L-;3/R;+9YGT\ MO&'1H'GPEGK!+/.8J>A18,]X'=\;!U#60#0CS]K@0@.>)<)]5J(]-?:G<>UE M#T%+(C7A5GD9_8J(;\2VEC^ZLRE7K/5Y"3D7W9(1/X,SM_GQKZ-B&K__[MO; MXDLQ;N[/[>D@Q.!($0N,TY);!*L[Y3;O&XDS20+?>E0UH97E=<2!74Q+QON7AU6EXGY-7NV^);] J>A^*$0(U$$A: M[[VRH/99K;4PI=95GW>CLO/J-+S/E$YRDC?[ML'M9*U^3U!<.B(8X1X91P5T M#-4;TE4Q\ N[E[5'$<<9M/>:WH1CSK2V\#4!P3A94/ HT''W8NQO&#R2'E(G?'35"2,&*U?O>3HJV:6N@VV"9H YHR7S&*D7 P]K'"UC,KY"UE&RDN'LAOP4\UAHXMZ M#K0($CG.K20>>@:@%$)9N!ZRM\"DK&SW.8P_OQ%+UD4N^V0&L[N(0_4?]Z_% MZ,M@_-W:1R-[U;B/P)UAQ#&J/!*:(5EMN=<80(DNY$Q':TPH\^"<+W*85"<# M3=30:'YL[+"_:2#1+%,$.:Z*/DL=T87U$6?OXNMZ&>Y:5\QJ&=Y,:0?71]Z2\U M1IIS :RCDMO5/8P:Q7>YT5KC#RZWKX;R&Y=U@.HW]?2DNL1JK%,9KZ+P#"#M.I9*>U(H0 M!I]\Y6BZM!^+R:A$6@]0!#J9 &#O%:%LSAA82P[:KU^47 M)\.9[QU],XD_%I\&7\\XLV_&<-2EW7M:!:TQ,$03*2*VG!C)H*S1CK[[&>?U M+:-N,E_O:Q:@Q0 "R1&KJIP!A[4VM;14V O;46Q%[R]*R[4&[UE>W=[,JNV_ MRM45FE+[&&P+&",G"3%Q*_0QQ42?<4YU-S?%L )],_RJ,F%5*VXT651EPQZ* MZ5*W^Z;+:& (IKI$@:9787MEKWI@392:P\RWRK'041[X* M&)YL_+PK]KUB!UH&Y90PS( 80 AJL.4$FEK>^,^%'9?K@ESM(IR+4;]7H65Y M.QG]>SER74R*F]%\G\7:T2)ZN##&OT8JYK@2$+ X7V[D$\V"G_XO,W?)H':0 M/3-S-L"\+R:#<45^-;FN2_>JX7"Z**Z/9U>37H.D,:9R@%080V0=5G!CLS54 M%U95(R,#.T _%TL_CJ(T-Z/A8#(W=X/);9SZ=PDY^U ,9N5D\'G\[7TYFXT^ MCPMU7RXF\ZN;59-(A>OUT_L64;KYQL TY9@Q :@S%'IEM4OVIK.==,W@8S0?CRG+%C\J_1G/Y>1'QC7'LH]!G7PYJ^_UW M'%M-A/+ "XF592;ZPTM;:R&CXHS+07'&&+M9U'FQ&?_W*EIIK9S-9Q_*\7A] MM< >&$[K,+XIT#(?)R(N*/#28@9UC1!R]L*J/+3"E1KH(2UC M*+"H%-X./>O>@F-Q[G<0,L0X)DI9 %F-"V<\)2VRARN>_27HB0KI(5&K?UW= M5.5M9[ =LC[M,7CI8Y"I,90<0 =%C#/5YD46.N6.VN8+K')%V$EQ6WFC/RAE M$]320]JV-.T3ZBFL, G4LYLW?TZNMJVG>3'Y6@1RKC+)'M M^H=-YM6+&SG.?F%[^]$K(5YKR:CWQ'IMJ?%4"0FHY7$(R#5:S\F2;WS2F<*J M_9(8GXKAW63TKT61Y0;W75\;!$9,6H"C828ZOF68(5^CC:7X@5;/&O.N@S(? M+:DGU\3YI#36T@HUN/QF5Y, .(=$2VL,]]!"232S:PFA,TE5ZWI(P'Z0I>Q$ M-^=DW\$JL+L;!:>4=\@3;8P"C! !Q$9*8RZMV$RZLANPYR1DS\6?:BZHMBVK M/+>#A1(/-PZ$8XFMQ,HC;0C&SAA=2ZV0OK MG3;GV1-!(X:P%[PJ,:JH9 C86FK$)4G)W>J183E15\\U?1)F7>KZM]%D=+^X MWZOM[YX)"F&D8/Q_0J/DP"&E>#UVA9+*CO51W\=JK&P'MTYU/OAZ6.=/GPD> M189+"HBB BLGM?1N/79L3;/3UOV?)%K1>0)NV4O%7CU4RO@_B\%D/IJO3B$] M'J)\>TQ9Y&8]!>N\I%!@ISR$P@O#B-K@X9(*OO8PT[Q7SD8>E9U84TY]*::# MVZC7<7SR]F$Z&A;ES>C^(8ZUN!Z6]_>+R1*T+50\IGE0*CKH7&$CB9*( "*N4U87"U&XWB)[[1X=)&+^R[8E[MDH_^73DW*Z?I^A^+V7QYT,?+?'0_@3''B?'$<^@Q(]XXKFL1$14I+WH/?8)6E%WFPSM73/1F MZ;)4H[ZZ>4S7V/?6;&T0N'64>J)<=<[)"*X)%[5T7L*45*^C?8@N2_!UP:=6 MHCR-_'QV?27RS[T8/^X+I(WL*"FN'M5&"16 ,BZX3)AMX M@;F0ZJ!YB-8%XB>ZKG^?CN;%UGTQY? MA=G5=.W5[K%5C=H'281V3A-JF1"&(HG XU1O:-Z;E2OGX]50K$N\M@E;/*0&(,55QYZJF!M?V>AOK?]=YYU8PSC61 M5"&>^A)?X2K^BW&>K>X,+1\J [6'3WM:!: %(O$?S:"/<2*7Q/%:3HIT2CY! M#U=ANV!2>^AF"Z)J%!X=[Z40U3&0R?63\1\Z]G)<1T$APF3TXZ'E%'M)E7>@ M1B/.TRG[0:\LA$JV6ET GIU^ZS*"7PI=U6.("FE"M1>-@A;,,>)%E?6'':,6 M0U]+*95(H=7QH=59_=YD6J6">P9GMT4^6^Z9E-#CS;WO>CX-M X5: M*V1%_&[+=026BXW, H$+2ZENDUA=87SB4NSY-B6U9TI#C:@SU1EC@946*_$4 M$!2E+,Z^,L?T)-O4,=XGTLE$Q^#;:'([6-8CK).DQG$\#]-1.1T=FM<:MP_" M,N<)HR[&=]8B 1T@M3C8^Y1"/J]L;?\4^G2%\ZE6Z.5,V]SQ"=IZ 92RG@MM MI9* 1 .Y'J*A,N4VF%X6'^W6P( C^7B4@@!K"9$$"[>AM,8)X;A)92#ZF.?B3S MSBCMUB6P">4Q@#G?ILW'X5UQO1@75S=_&TQ'JQ(K*^6X*D5S=+A21\,>@J": M*HN]XL*B.*T!ZTV-@94B)9_DE<7#C=GPO$QU)TCGFD%VC5E_,^/!;+:LOUWI M]>IF^9=O!VIKG-)=0(@X@9RUDG-*$ 3:HAH9AVS6"I3=<[!UOI3959"+G,\' MO%6T;P<+;AS338A.'J=:860T=A@10\S&#'BN4G(Y>TC&;LE29M/#J<%Y.9F5 MX]%UE60379[?)\,G'_SMC9OM/"Y[1.N "";5K>-$53?->NXM9;4H1,L+J\+1 MC9;+KF$_D4'+^^:WN]O@A/:!E@$S()EEG$!/F$<0,K)Q+: %*=4<>DBOLSA<)Z.=+1EX M,1W>#6;KLW_+!?)]J;\OGPZ&8R6P\0Q+2ZI%4 W YDU4/&71J(?36FM:?I[L MFXSLB3/7AZ*RIZ/);3V"]]4Y[JL;-1YO,Y4[9K(C>PD0.<=L--Z: \X$QLKI MS:1,Z(4E^K5-FNX1/\,"Y-+Z7M*ZHF%.6JZQ,MA2"1WS0&PNH*?XI.O,=X0O M6Y+KEW#NN\JJ85 _M?[* MQK^N.#^8?#NPD=2(9VF=ACBS(!K>3&5-.$EH@Q+A3?*!;QB[NJN#V*]UE/^2*YC\7MJD#VYO;3LP5S MZZ%\*![*Z;P"^G DMZM)L!I0A:2 T./HH'.IQ=HD*:P0:K0MG4?*XZXP;M Z M5)LEB/[_Y5U9DQLWDG[?7X/[>-D(G#/>\%A>2S-^1-#=U6K&4"P-R9:M_?4+ ML%GLFZPB4& U-:.PK#:JA/SRJT0"R -;(X!&F@O'.>UD)PI=V-E>/@6>QX04 MA_B<7_-D#^&CYNG0?*6BOD_Z!G;W?%AU'Q83% M A/J+=;81% Z;+!T%Y;TF$^1-R,\QX+\Q/ULK\+_NVI"'U8?F]6W^=6A!C&O M#0W.8F<94%(##*$%@%C92:(@NI#6#U5TW1:%N@)ITDYV-\'UFV&6!\<'X WV MC%B,M/0"IZQ@NY-)",,O)+@W7Z4ON9$-9JU3LH=LEZ,]RYX/#9 2C+@TC'FI M+.6.*=1)1$U6Z=1)%9$JI-PR?!&>U8]3YA.BIZ?21^;?-;+TY&);_;%30R&J04ERL M=1H9AE@4;#"XGQJ%#/(5FX/?B6K]Q_SZ]^;(]_ID3*#17$ =)Z.@]-X)!KW?34LIR\QE M!>'D*S4'O1.5^JGY:W8XZ>W1B& $-)%:$-O4'DX[K7'G:"H*<([Y'1QR\CZ^ MT]/1RUE7_SSVG3X;%81UC'E N?40"&*EI+J;&K\+CZ:HO1P>IF":$4AJ7?^^LP%[!;JJ"B1RSS"_1+)?!L=8&.4U4'Z/' MVX.#UDY$09PW4$J@G61D;Z4@Y#G'+>+2V%$,QE,][6>G@X=7\C=&1^\123=5XG5,#55Z:QLOA6/G [+5CQ)][)*7W>3Q Z+BFE%B$H&$D M5=SK%C]-H^PU]V\7=D1;'OYZ]XO?FN5=L^X1'O1\:)#&**2%T2+U8G(4.]HM MK7')Q9=YA%=(R2\N&[.PK6UQ2J M'W]=?YK]=9Q00]X6J/"6I!-.# 3@6)O4]7R'"\0^QRV>(.=.I\7K_!H1ZMH& MJX>A"D+PZ-\A1*/C *5%UI .+<-A5JG>X0?1H[<-*4V6H?A-P%>*/(YT3DEP MNHD_;.[_',G<:X'+>W'P0)%45,1%L%-("&2B\RR-]2[G^G*ZUQ[C+(=5-5&+ MMP\S[\SP?'D7A=O%C[?+EQ+9U+EN,[\Z0-J,MP:=PE",!HP1K5(+,^#Q'B>I MU+4[KD!.?A0T,8ZABTF!@O.?72O M2!=;E=)7<^[0IWNM.H(-*8GR.9-W7_XD%6'ZK5FD==_HV\)EGF# M@:.(>:HXI7&[13LL$!475HTQGQ)OYO"6AOI]Y\0XB;R2<46CV".H ;<:=[)Z MQG.N[*=(JS%8,"@79AC>T\Z%<18R[22,7KC#%"LI@.]D(3*K:]P4N5-&KP=S M888A6C47AL=71,?+ZBBH-<1I9_E>0. NK0S :6HYD LS#+^JN3":"DL$%]Y! MXX4BF/']U.(V^\):5^>K-@^_:KDP@DBA$K4DUPISP 2 >U>)^)R;DRG&4F6K M-0>]TS-A'B*_C^7#/!\9M(;".@0L45HK1N+<]FN.03[G;F+R63&G*#@?P_S< MF+X9,KOI64(<$Q#"Z%-XZ5.#HKUIL5)=YG%RAHIS$^UH] .!$QKMY;5 Y42B M3O=4-T/797"L%_+WZ#PAG2)LSQ2V-Q$_]PB.[_-X,"[:,B%X7*@@,9)RR![\ M3)A5CF"*?GJ%LYH18*\[!.3"=OUEZ?!ZW$M1P,]Y*W7FMETE[YD0E4 :**+U MMW/5+J_FB_FN8^^^O'0TQ8MG(O#]ZU;'LF3S]J^KPS24"4T]1 )!5-;"&'W MC0 QTCD98],]JAV/IR/A?E9O*Z5F[;L+[7L8Z>\OVA)<4@ 01]'_!=9I8S 2 MQ"""A; <>RJY1?J'+NJ//(%Q%T*41YYZ[9R@I,/&67WAF9BTLUL=(HB#7PG:S"B(L-#!J!#8,"A(;A/NT (2^QQ)1I;;F.GVF< MO>ED$1:92^-0&;T>#! :AFC5 "'C4HMA(#F" F&23LC$?FK>Y721G**R3U/+ M@0"A8?A5#1"*2ZISA""*L64.4"Q3'M9V:A(A?&'-N_-5FX=?M0 A2Q6*1LD9 M"AB&6B,ANP5,,N%R"K2]@V*YIR@V![_30X0&%LN5D%,O&#=0>\:X XRSW;04 MMNBBPX).46H.>OD!0<=#@8*4T%C-G'00"N$%=0?%GH MY:RK@XOE>L CU:C"Q'ID!(];6-I-C:&ZX3_O0[%Y")XU_@=!S#U@4B@$B%24 MXBCR;JJ4T!S_>/+Q/Z>HN@R.M3;(N<5R#9,>*8$(0AI)9ZD%W;*3PE)S9P/U7 59:@5W+WG<8>;4"9CBMKSF$6UY^&L1;W\UF*SC^I_+ MJ,YT][F-:XO3/\"Y(T\&!*B $"@4EU\BF9:>Z$[>U%6DY@%?16^U$ E>5%PK M"78MPH]=TKL.O7)1K<>D^1NL ;^X'!*XL )H()VF! AJ[7[V M M*PIKWZ]Y.I_-)NFCX1 M>@*1-]WQ&8 M Y#%/:?V0E MX^(6@;C'05MLJQ;IJK)%*D2+%Q%2XP!^SF_^EU3O.*U?9X_/ M'./Y65[>S=?/KJOV\ MFGTY%F;[YD,!:Z> $UXK3 PE'!*!]\@AD'. .T4:E=#W\%#H>5WO@ ML2 U \I)HQ'!R"MOK2.=I#A^DQ=&HP(J[\6BD] ]-7XDS6"UG\'7Q6QY.)+D MK?$!<$:TM!()P[10<7?L.Y\KI:OGE!=_-V08JKFV/+ Y/%C_.=_.>LA57L9N+VP=(],/;9E4*R741C%?+"AUW9;$.?7 M9C5OK^_-X;%C@H,/!V@5M, !IHB5U%!N,=I)C6@$\K+L2EGN%(>W6L&JV?=M M-IQO5P_3_W!CVB]?VN56J@.D.OYP !)1R#$"E%&ˇ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�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