2014 Q3 Form 10-Q Financial Statement

#000082241614000041 Filed on October 23, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $1.595B $1.582B
YoY Change 0.8% 21.46%
Cost Of Revenue $1.222B $1.253B
YoY Change -2.54% 17.65%
Gross Profit $373.2M $328.8M
YoY Change 13.5% 38.62%
Gross Profit Margin 23.4% 20.78%
Selling, General & Admin $147.1M $138.6M
YoY Change 6.13% 10.74%
% of Gross Profit 39.43% 42.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.00M $8.000M
YoY Change 25.0% 6.67%
% of Gross Profit 2.68% 2.43%
Operating Expenses $147.1M $138.6M
YoY Change 6.13% 10.74%
Operating Profit $226.1M $190.2M
YoY Change 18.88% 69.77%
Interest Expense $210.0K $171.0K
YoY Change 22.81% -14.93%
% of Operating Profit 0.09% 0.09%
Other Income/Expense, Net -$2.406M -$17.06M
YoY Change -85.89% 128.83%
Pretax Income $224.9M $174.7M
YoY Change 28.73% 64.98%
Income Tax $84.38M -$2.107B
% Of Pretax Income 37.52% -1206.01%
Net Earnings $140.5M $2.282B
YoY Change -93.84% 1856.47%
Net Earnings / Revenue 8.81% 144.23%
Basic Earnings Per Share $0.37 $5.92
Diluted Earnings Per Share $0.37 $5.87
COMMON SHARES
Basic Shares Outstanding 373.5M shares 382.9M shares
Diluted Shares Outstanding 377.3M shares 386.1M shares

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.222B $1.350B
YoY Change -9.48% -13.68%
Cash & Equivalents $1.222B $1.350B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $4.432B $4.151B
Prepaid Expenses
Receivables $10.20M $13.60M
Other Receivables
Total Short-Term Assets $5.654B $5.501B
YoY Change 2.78% -9.27%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $126.3M $139.4M
YoY Change -9.38% -8.59%
Long-Term Investments $40.30M $45.01M
YoY Change -10.47% 46.15%
Other Assets $2.040B $2.243B
YoY Change -9.05% 988.83%
Total Long-Term Assets $2.961B $3.193B
YoY Change -7.27% 196.29%
TOTAL ASSETS
Total Short-Term Assets $5.654B $5.501B
Total Long-Term Assets $2.961B $3.193B
Total Assets $8.615B $8.694B
YoY Change -0.91% 21.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $256.0M $177.0M
YoY Change 44.63% 2.91%
Accrued Expenses $1.326B $1.446B
YoY Change -8.3% 4.71%
Deferred Revenue
YoY Change
Short-Term Debt $72.00M $115.0M
YoY Change -37.39% -18.44%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.085B $2.146B
YoY Change -2.84% 13.19%
LONG-TERM LIABILITIES
Long-Term Debt $1.817B $2.057B
YoY Change -11.67% -31.43%
Other Long-Term Liabilities $1.000M
YoY Change
Total Long-Term Liabilities $1.818B $2.057B
YoY Change -11.62% -34.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.085B $2.146B
Total Long-Term Liabilities $1.818B $2.057B
Total Liabilities $3.904B $4.202B
YoY Change -7.09% -16.27%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.710B $4.492B
YoY Change
Total Liabilities & Shareholders Equity $8.615B $8.694B
YoY Change -0.91% 21.75%

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $140.5M $2.282B
YoY Change -93.84% 1856.47%
Depreciation, Depletion And Amortization $10.00M $8.000M
YoY Change 25.0% 6.67%
Cash From Operating Activities $127.5M $219.9M
YoY Change -42.02% 4.86%
INVESTING ACTIVITIES
Capital Expenditures -$8.900M -$7.400M
YoY Change 20.27% 105.56%
Acquisitions
YoY Change
Other Investing Activities -$400.0K -$3.300M
YoY Change -87.88% -134.38%
Cash From Investing Activities -$9.300M -$10.70M
YoY Change -13.08% -278.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -67.40M -71.80M
YoY Change -6.13% -291.47%
NET CHANGE
Cash From Operating Activities 127.5M 219.9M
Cash From Investing Activities -9.300M -10.70M
Cash From Financing Activities -67.40M -71.80M
Net Change In Cash 50.80M 137.4M
YoY Change -63.03% -45.73%
FREE CASH FLOW
Cash From Operating Activities $127.5M $219.9M
Capital Expenditures -$8.900M -$7.400M
Free Cash Flow $136.4M $227.3M
YoY Change -39.99% 6.56%

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CY2014Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
62707000 USD
CY2014Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
60716000 USD
CY2013Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
124956000 USD
CY2013Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
146201000 USD
CY2013Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
154421000 USD
CY2012Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
164280000 USD
us-gaap Loss Contingency Accrual Carrying Value Payments
LossContingencyAccrualCarryingValuePayments
18079000 USD
CY2014Q3 us-gaap Loss Contingency Accrual Carrying Value Payments
LossContingencyAccrualCarryingValuePayments
1991000 USD
us-gaap Loss Contingency Accrual Carrying Value Payments
LossContingencyAccrualCarryingValuePayments
45636000 USD
CY2013Q3 us-gaap Loss Contingency Accrual Carrying Value Payments
LossContingencyAccrualCarryingValuePayments
8220000 USD
us-gaap Loss Contingency Accrual Carrying Value Period Increase Decrease
LossContingencyAccrualCarryingValuePeriodIncreaseDecrease
18600000 USD
us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
0 USD
us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
-18604000 USD
CY2014Q3 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
0 USD
CY2013Q3 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
0 USD
CY2014Q3 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
1000 claim
us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
39500000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-490751000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-591625000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-69596000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18091000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
554950000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
201835000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
2281884000 USD
us-gaap Net Income Loss
NetIncomeLoss
2400063000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
140545000 USD
us-gaap Net Income Loss
NetIncomeLoss
257244000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2382264000 USD
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2265727000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
255496000 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
139601000 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
139609000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2382432000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
255509000 USD
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2265858000 USD
CY2014Q3 us-gaap Notes Receivable Gross
NotesReceivableGross
57466000 USD
CY2013Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
59995000 USD
CY2014Q3 us-gaap Notes Receivable Net
NotesReceivableNet
30179000 USD
CY2013Q4 us-gaap Notes Receivable Net
NotesReceivableNet
32944000 USD
CY2013Q4 us-gaap Other Assets
OtherAssets
460621000 USD
CY2014Q3 us-gaap Other Assets
OtherAssets
500744000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
82000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
21000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
273000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
77000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
77000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
82000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
21000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
273000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-8211000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-12314000 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
41009000 USD
CY2013Q3 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
9111000 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
2626000 USD
CY2014Q3 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
-2243000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-79166000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-25561000 USD
CY2013Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-17055000 USD
CY2014Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2406000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
386000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
273000 USD
CY2013Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
273000 USD
CY2014Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
124000 USD
us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
81952000 USD
CY2014Q3 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
33168000 USD
CY2013Q3 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
37983000 USD
us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
71103000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-236000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
6338000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
155140000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
89940000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
19317000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
56944000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
77469000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
9000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1057000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
41888000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18354000 USD
us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
0 USD
us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
0 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
200000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
7624000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
6034000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
18549000 USD
us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-250631000 USD
us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-477220000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-23697000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-34070000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
9000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
83000 USD
CY2014Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-222000 USD
CY2013Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-1602000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-2764000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-977000 USD
CY2014Q3 us-gaap Purchase Options Land
PurchaseOptionsLand
122883000 USD
CY2013Q4 us-gaap Purchase Options Land
PurchaseOptionsLand
91034000 USD
CY2013Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
266524000 USD
CY2014Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
190342000 USD
CY2012Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
331880000 USD
CY2013Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
298575000 USD
CY2014Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
210603000 USD
CY2014Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
25003000 USD
CY2013Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
230922000 USD
CY2013Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
68013000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
139373000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
183883000 USD
CY2014Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
52286000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
118527000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
98793000 USD
CY2013Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
35962000 USD
CY2014Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
32025000 USD
CY2013Q4 us-gaap Real Estate Investments Joint Ventures
RealEstateInvestmentsJointVentures
45323000 USD
CY2014Q3 us-gaap Real Estate Investments Joint Ventures
RealEstateInvestmentsJointVentures
40295000 USD
CY2013Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
1547742000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
3913685000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
3910261000 USD
CY2014Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
1561273000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
72715000 USD
CY2014Q3 us-gaap Revenues
Revenues
1594725000 USD
us-gaap Revenues
Revenues
3999805000 USD
us-gaap Revenues
Revenues
4024256000 USD
CY2013Q3 us-gaap Revenues
Revenues
1582078000 USD
CY2014Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
746446000 USD
CY2014Q3 us-gaap Self Insurance Reserve
SelfInsuranceReserve
734663000 USD
CY2013Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
708142000 USD
CY2013Q3 us-gaap Self Insurance Reserve
SelfInsuranceReserve
691598000 USD
CY2013Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
668100000 USD
CY2012Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
721284000 USD
CY2013Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
138637000 USD
CY2014Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
147136000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
418794000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
521791000 USD
CY2014Q3 us-gaap Senior Notes
SeniorNotes
1817054000 USD
CY2013Q4 us-gaap Senior Notes
SeniorNotes
2058168000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
21290000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
21570000 USD
CY2014Q3 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
127900000 USD
CY2014Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
61465000 USD
CY2013Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
61914000 USD
CY2013Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
63992000 USD
CY2012Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
64098000 USD
CY2013Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
65083000 USD
CY2014Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
61986000 USD
CY2014Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
36700000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of estimates</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles 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.</font></div></div>
CY2013Q3 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
2100000000 USD
CY2014Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
12674000 USD
CY2013Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
10551000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
32330000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
34586000 USD
CY2013Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
15322000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
33036000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
36079000 USD
CY2014Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
12375000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
6034000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
18549000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
155140000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
89940000 USD
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
4710409000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
4648952000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
4491685000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
2189616000 USD
CY2013Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
15884000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1362000 USD
CY2014Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
820000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
17526000 USD
CY2014Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-812000 USD
CY2013Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-15753000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-1349000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-17358000 USD
CY2014Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
159600000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
379820000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
386103000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
387904000 shares
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
377292000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
382883000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
373531000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
384159000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
376097000 shares
phm Actual Loss Severities Percentage On Mortgage Repurchase Requests
ActualLossSeveritiesPercentageOnMortgageRepurchaseRequests
0.50
phm Additions To Self Insurance Reserves
AdditionsToSelfInsuranceReserves
52266000 USD
phm Additions To Self Insurance Reserves
AdditionsToSelfInsuranceReserves
137666000 USD
CY2014Q3 phm Additions To Self Insurance Reserves
AdditionsToSelfInsuranceReserves
21385000 USD
CY2013Q3 phm Additions To Self Insurance Reserves
AdditionsToSelfInsuranceReserves
21439000 USD
phm Percentage Of Loan Origination Repurchase Requests In Which Company Is Able To Cure Or Refute Claim
PercentageOfLoanOriginationRepurchaseRequestsInWhichCompanyIsAbleToCureOrRefuteClaim
0.60
phm Adjustment To Self Insurance Reserves
AdjustmentToSelfInsuranceReserves
84500000 USD
CY2014Q3 phm Adjustment To Self Insurance Reserves
AdjustmentToSelfInsuranceReserves
0 USD
CY2014Q3 phm Equity In Income Loss Of Subsidiaries
EquityInIncomeLossOfSubsidiaries
0 USD
phm Equity In Income Loss Of Subsidiaries
EquityInIncomeLossOfSubsidiaries
0 USD
phm Equity In Income Loss Of Subsidiaries
EquityInIncomeLossOfSubsidiaries
0 USD
CY2013Q3 phm Equity In Income Loss Of Subsidiaries
EquityInIncomeLossOfSubsidiaries
0 USD
CY2014Q3 phm Income Loss Before Equity In Income Loss Of Subsidiaries
IncomeLossBeforeEquityInIncomeLossOfSubsidiaries
140545000 USD
phm Income Loss Before Equity In Income Loss Of Subsidiaries
IncomeLossBeforeEquityInIncomeLossOfSubsidiaries
257244000 USD
phm Income Loss Before Equity In Income Loss Of Subsidiaries
IncomeLossBeforeEquityInIncomeLossOfSubsidiaries
2400063000 USD
CY2013Q3 phm Income Loss Before Equity In Income Loss Of Subsidiaries
IncomeLossBeforeEquityInIncomeLossOfSubsidiaries
2281884000 USD
CY2014Q3 phm Income Loss Before Income Taxes And Equity In Income Loss Of Subsidiaries
IncomeLossBeforeIncomeTaxesAndEquityInIncomeLossOfSubsidiaries
224928000 USD
phm Income Loss Before Income Taxes And Equity In Income Loss Of Subsidiaries
IncomeLossBeforeIncomeTaxesAndEquityInIncomeLossOfSubsidiaries
422637000 USD
phm Income Loss Before Income Taxes And Equity In Income Loss Of Subsidiaries
IncomeLossBeforeIncomeTaxesAndEquityInIncomeLossOfSubsidiaries
295402000 USD
CY2013Q3 phm Income Loss Before Income Taxes And Equity In Income Loss Of Subsidiaries
IncomeLossBeforeIncomeTaxesAndEquityInIncomeLossOfSubsidiaries
174722000 USD
CY2014Q3 phm Incurred But Not Reported Percentage Of Liability Reserves
IncurredButNotReportedPercentageOfLiabilityReserves
0.76
CY2014Q3 phm Intercompany Interest
IntercompanyInterest
0 USD
phm Intercompany Interest
IntercompanyInterest
0 USD
phm Intercompany Interest
IntercompanyInterest
0 USD
CY2013Q3 phm Intercompany Interest
IntercompanyInterest
0 USD
CY2014Q3 phm Investments In Joint Ventures With Debt Nonrecourse To Company
InvestmentsInJointVenturesWithDebtNonrecourseToCompany
26491000 USD
CY2013Q4 phm Investments In Joint Ventures With Debt Nonrecourse To Company
InvestmentsInJointVenturesWithDebtNonrecourseToCompany
26532000 USD
CY2014Q3 phm Investments In Other Joint Ventures
InvestmentsInOtherJointVentures
13804000 USD
CY2013Q4 phm Investments In Other Joint Ventures
InvestmentsInOtherJointVentures
18791000 USD
CY2013Q4 phm Joint Venture Debt Company Proportionate Share Total
JointVentureDebtCompanyProportionateShareTotal
4404000 USD
CY2014Q3 phm Joint Venture Debt Company Proportionate Share Total
JointVentureDebtCompanyProportionateShareTotal
10259000 USD
CY2013Q4 phm Joint Venture Debt Nonrecourse To Company
JointVentureDebtNonrecourseToCompany
3654000 USD
CY2014Q3 phm Joint Venture Debt Nonrecourse To Company
JointVentureDebtNonrecourseToCompany
9271000 USD
CY2013Q4 phm Joint Venture Debt Total
JointVentureDebtTotal
12408000 USD
CY2014Q3 phm Joint Venture Debt Total
JointVentureDebtTotal
24546000 USD
CY2014Q3 phm Joint Venture Debt With Limited Recourse Guaranties
JointVentureDebtWithLimitedRecourseGuaranties
988000 USD
CY2013Q4 phm Joint Venture Debt With Limited Recourse Guaranties
JointVentureDebtWithLimitedRecourseGuaranties
750000 USD
CY2014Q3 phm Land Held For Sale Gross
LandHeldForSaleGross
100300000 USD
CY2013Q4 phm Land Held For Sale Gross
LandHeldForSaleGross
70003000 USD
CY2013Q4 phm Land Held For Sale Nrv Reserves
LandHeldForSaleNRVReserves
8268000 USD
CY2014Q3 phm Land Held For Sale Nrv Reserves
LandHeldForSaleNRVReserves
7138000 USD
CY2014Q3 phm Liability For Land Under Option Contracts
LiabilityForLandUnderOptionContracts
16817000 USD
CY2013Q4 phm Liability For Land Under Option Contracts
LiabilityForLandUnderOptionContracts
24024000 USD
phm Maximum Product Warranty In Years
MaximumProductWarrantyInYears
P10Y
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2014Q3 phm Remaining Purchase Price Of All Land Option Agreements
RemainingPurchasePriceOfAllLandOptionAgreements
1741298000 USD
CY2013Q4 phm Remaining Purchase Price Of All Land Option Agreements
RemainingPurchasePriceOfAllLandOptionAgreements
1390286000 USD
CY2013Q4 phm Surety Bonds Outstanding
SuretyBondsOutstanding
958300000 USD
CY2014Q3 phm Surety Bonds Outstanding
SuretyBondsOutstanding
975900000 USD
phm Total Dividends And Distribution Of Earnings From Unconsolidated Entities
TotalDividendsAndDistributionOfEarningsFromUnconsolidatedEntities
1900000 USD
phm Total Dividends And Distribution Of Earnings From Unconsolidated Entities
TotalDividendsAndDistributionOfEarningsFromUnconsolidatedEntities
12400000 USD
CY2013Q3 phm Write Off Of Deposits And Pre Acquisition Costs
WriteOffOfDepositsAndPreAcquisitionCosts
811000 USD
CY2014Q3 phm Write Off Of Deposits And Pre Acquisition Costs
WriteOffOfDepositsAndPreAcquisitionCosts
1391000 USD
phm Write Off Of Deposits And Pre Acquisition Costs
WriteOffOfDepositsAndPreAcquisitionCosts
1402000 USD
phm Write Off Of Deposits And Pre Acquisition Costs
WriteOffOfDepositsAndPreAcquisitionCosts
4543000 USD
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000822416
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
370767579 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
PULTEGROUP INC/MI/
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0000822416-14-000041-index-headers.html Edgar Link pending
0000822416-14-000041-index.html Edgar Link pending
0000822416-14-000041.txt Edgar Link pending
0000822416-14-000041-xbrl.zip Edgar Link pending
exhibit31aceocertification.htm Edgar Link pending
exhibit31bcfocertification.htm Edgar Link pending
exhibit32-certification930.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
phm-20140930.xml Edgar Link completed
phm-20140930.xsd Edgar Link pending
phm-20140930_cal.xml Edgar Link unprocessable
phm-20140930_def.xml Edgar Link unprocessable
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