EX-99.1 2 dex991.htm CONDENSED CONSOLIDATED RESULTS OF OPERATIONS Condensed Consolidated Results of Operations

Exhibit 99.1

Pulte Homes, Inc.

Condensed Consolidated Results of Operations

($000’s omitted, except per share data)

(Unaudited)

 

     Three Months Ended
December 31,		     Year Ended
December 31,		  
     2009     2008     2009     2008  

CONSOLIDATED RESULTS:

         

Revenues:

         

Homebuilding

    $ 1,686,573      $ 1,611,672      $ 3,966,589      $ 6,112,038   

Financial Services

      44,250        32,145        117,800        151,016   
                                

Total revenues

    $ 1,730,823      $ 1,643,817      $ 4,084,389      $ 6,263,054   
                                

Pre-tax income (loss):

         

Homebuilding

    $ (866,776 )    $ (466,294 )    $ (1,853,297 )    $ (1,694,711 ) 

Financial Services

      (36,308 )      (7,893 )      (55,038 )      28,045   

Other non-operating

      (14,141 )      (5,538 )      (66,784 )      (15,933 ) 
                                

Loss before income taxes

      (917,225 )      (479,725 )      (1,975,119 )      (1,682,599 ) 

Income taxes (benefit)

      (800,328 )      (141,560 )      (792,552 )      (209,486 ) 
                                

Net loss

    $ (116,897 )    $ (338,165 )    $ (1,182,567 )    $ (1,473,113 ) 
                                

EARNINGS PER SHARE-ASSUMING DILUTION:

         

Net loss

    $ (0.31 )    $ (1.33 )    $ (3.94 )    $ (5.81 ) 
                                

Shares used in per share calculations

      376,894        253,841        300,179        253,512