2021 Q1 Form 10-Q Financial Statement

#000082241621000018 Filed on April 27, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $2.730B $2.295B
YoY Change 18.95% 14.94%
Cost Of Revenue $2.000B $1.745B
YoY Change 14.62% 14.32%
Gross Profit $729.8M $550.2M
YoY Change 32.64% 16.96%
Gross Profit Margin 26.73% 23.97%
Selling, General & Admin $271.7M $263.7M
YoY Change 3.04% 4.33%
% of Gross Profit 37.23% 47.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.10M $15.10M
YoY Change 13.25% 14.39%
% of Gross Profit 2.34% 2.74%
Operating Expenses $271.7M $263.7M
YoY Change 3.04% 4.33%
Operating Profit $458.1M $286.5M
YoY Change 59.88% 31.63%
Interest Expense $1.300M $3.600M
YoY Change -63.89% -25.0%
% of Operating Profit 0.28% 1.26%
Other Income/Expense, Net -$2.639M -$2.524M
YoY Change 4.56% 159.4%
Pretax Income $394.1M $263.8M
YoY Change 49.39% 21.72%
Income Tax $89.95M $60.06M
% Of Pretax Income 22.83% 22.77%
Net Earnings $304.1M $203.7M
YoY Change 49.28% 22.16%
Net Earnings / Revenue 11.14% 8.88%
Basic Earnings Per Share $1.14 $0.75
Diluted Earnings Per Share $1.13 $0.74
COMMON SHARES
Basic Shares Outstanding 265.4M shares 270.0M shares
Diluted Shares Outstanding 266.0M shares 271.2M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.580B $1.817B
YoY Change -13.04% 72.23%
Cash & Equivalents $1.580B $1.817B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $7.975B $7.858B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $9.555B $9.675B
YoY Change -1.24% 13.0%
LONG-TERM ASSETS
Property, Plant & Equipment $69.00M $76.00M
YoY Change -9.21% 4.11%
Goodwill
YoY Change
Intangibles $178.6M
YoY Change 44.29%
Long-Term Investments $39.56M $54.50M
YoY Change -27.41% -2.21%
Other Assets $228.0M $216.0M
YoY Change 5.56% -31.65%
Total Long-Term Assets $1.891B $1.748B
YoY Change 8.14% 6.26%
TOTAL ASSETS
Total Short-Term Assets $9.555B $9.675B
Total Long-Term Assets $1.891B $1.748B
Total Assets $11.45B $11.42B
YoY Change 0.2% 11.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $405.0M $430.0M
YoY Change -5.81% -3.15%
Accrued Expenses $1.353B $1.304B
YoY Change 3.76% 3.08%
Deferred Revenue
YoY Change
Short-Term Debt $271.0M $270.0M
YoY Change 0.37% 21.62%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.730B $2.422B
YoY Change 12.72% 7.93%
LONG-TERM LIABILITIES
Long-Term Debt $2.032B $3.456B
YoY Change -41.2% 14.29%
Other Long-Term Liabilities $16.00M
YoY Change 220.0%
Total Long-Term Liabilities $2.032B $3.472B
YoY Change -41.47% 14.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.730B $2.422B
Total Long-Term Liabilities $2.032B $3.472B
Total Liabilities $4.760B $5.893B
YoY Change -19.22% 11.74%
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 $6.685B $5.530B
YoY Change
Total Liabilities & Shareholders Equity $11.45B $11.42B
YoY Change 0.2% 11.91%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $304.1M $203.7M
YoY Change 49.28% 22.16%
Depreciation, Depletion And Amortization $17.10M $15.10M
YoY Change 13.25% 14.39%
Cash From Operating Activities $176.7M $204.6M
YoY Change -13.62% 28.77%
INVESTING ACTIVITIES
Capital Expenditures $14.75M $20.14M
YoY Change -26.75% 25.32%
Acquisitions $10.40M $83.20M
YoY Change -87.5%
Other Investing Activities -$698.0K -$1.706M
YoY Change -59.09% 486.25%
Cash From Investing Activities -$27.62M -$95.80M
YoY Change -71.16% 461.26%
FINANCING ACTIVITIES
Cash Dividend Paid $37.61M $32.74M
YoY Change 14.88% 6.29%
Common Stock Issuance & Retirement, Net $153.7M $95.63M
YoY Change 60.72% 305.99%
Debt Paid & Issued, Net $794.4M $9.245M
YoY Change 8493.13% 156.45%
Cash From Financing Activities -$1.137B $491.0M
YoY Change -331.64% -352.32%
NET CHANGE
Cash From Operating Activities $176.7M $204.6M
Cash From Investing Activities -$27.62M -$95.80M
Cash From Financing Activities -$1.137B $491.0M
Net Change In Cash -$988.2M $599.8M
YoY Change -264.75% -1237.12%
FREE CASH FLOW
Cash From Operating Activities $176.7M $204.6M
Capital Expenditures $14.75M $20.14M
Free Cash Flow $162.0M $184.5M
YoY Change -12.19% 29.15%

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CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
15574000 USD
CY2020Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5540000 USD
CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of estimates</span></div><div style="text-indent:18pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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>
CY2021Q1 phm Write Off Of Deposits And Pre Acquisition Costs
WriteOffOfDepositsAndPreAcquisitionCosts
1368000 USD
CY2020Q1 phm Write Off Of Deposits And Pre Acquisition Costs
WriteOffOfDepositsAndPreAcquisitionCosts
4332000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4992000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4557000 USD
CY2021Q1 us-gaap Interest Income Other
InterestIncomeOther
631000 USD
CY2020Q1 us-gaap Interest Income Other
InterestIncomeOther
3807000 USD
CY2021Q1 us-gaap Interest Expense Other
InterestExpenseOther
135000 USD
CY2020Q1 us-gaap Interest Expense Other
InterestExpenseOther
797000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
827000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
567000 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2398000 USD
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2788000 USD
CY2021Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2639000 USD
CY2020Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2524000 USD
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
589600000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
449500000 USD
CY2021Q1 phm Contractassetinsurancerenewals
Contractassetinsurancerenewals
39400000 USD
CY2020Q4 phm Contractassetinsurancerenewals
Contractassetinsurancerenewals
38500000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
304107000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
203711000 USD
CY2021Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
298000 USD
CY2020Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
273000 USD
CY2021Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2154000 USD
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1537000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
301655000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
201901000 USD
CY2021Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2154000 USD
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1537000 USD
CY2021Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
2149000 USD
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
1530000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
301660000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
201908000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
265407000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
270000000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
605000 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1218000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
266012000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
271218000 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.14
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.75
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.13
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
CY2021Q1 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
495000000.0 USD
CY2020Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
565000000.0 USD
CY2021Q1 us-gaap Inventory Real Estate Mortgage Loans Held In Inventory
InventoryRealEstateMortgageLoansHeldInInventory
481500000 USD
CY2020Q4 us-gaap Inventory Real Estate Mortgage Loans Held In Inventory
InventoryRealEstateMortgageLoansHeldInInventory
539100000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
77400000 USD
CY2020Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
30900000 USD
CY2021Q1 us-gaap Maximum Length Of Time Hedged In Cash Flow Hedge1
MaximumLengthOfTimeHedgedInCashFlowHedge1
P60D
CY2021Q1 us-gaap Derivative Instruments In Hedges Assets At Fair Value
DerivativeInstrumentsInHedgesAssetsAtFairValue
32884000 USD
CY2021Q1 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
553000 USD
CY2020Q4 us-gaap Derivative Instruments In Hedges Assets At Fair Value
DerivativeInstrumentsInHedgesAssetsAtFairValue
16848000 USD
CY2020Q4 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
6621000 USD
CY2021Q1 phm Assets In Scope Under Accounting Standards Codification326
AssetsInScopeUnderAccountingStandardsCodification326
186400000 USD
CY2020Q4 phm Assets In Scope Under Accounting Standards Codification326
AssetsInScopeUnderAccountingStandardsCodification326
176200000 USD
CY2021Q1 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
3594406000 USD
CY2020Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
3086740000 USD
CY2021Q1 us-gaap Land Available For Development
LandAvailableForDevelopment
3913349000 USD
CY2020Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
4137318000 USD
CY2021Q1 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
467456000 USD
CY2020Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
497740000 USD
CY2021Q1 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
7975211000 USD
CY2020Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
7721798000 USD
CY2020Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
193409000 USD
CY2019Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
210383000 USD
CY2021Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
34627000 USD
CY2020Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
39913000 USD
CY2021Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
34684000 USD
CY2020Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
36871000 USD
CY2021Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
193352000 USD
CY2020Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
213425000 USD
CY2021Q1 us-gaap Purchase Options Land
PurchaseOptionsLand
319820000 USD
CY2021Q1 phm Remaining Purchase Price Of All Land Option Agreements
RemainingPurchasePriceOfAllLandOptionAgreements
4304720000 USD
CY2020Q4 us-gaap Purchase Options Land
PurchaseOptionsLand
291864000 USD
CY2020Q4 phm Remaining Purchase Price Of All Land Option Agreements
RemainingPurchasePriceOfAllLandOptionAgreements
3773568000 USD
CY2021Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2020Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
5386000 USD
CY2021Q1 phm Net Realizable Value Adjustments Land Held For Sale Total
NetRealizableValueAdjustmentsLandHeldForSaleTotal
0 USD
CY2020Q1 phm Net Realizable Value Adjustments Land Held For Sale Total
NetRealizableValueAdjustmentsLandHeldForSaleTotal
11000 USD
CY2021Q1 phm Write Off Of Deposits And Pre Acquisition Costs
WriteOffOfDepositsAndPreAcquisitionCosts
1368000 USD
CY2020Q1 phm Write Off Of Deposits And Pre Acquisition Costs
WriteOffOfDepositsAndPreAcquisitionCosts
4332000 USD
CY2021Q1 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
1368000 USD
CY2020Q1 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
9729000 USD
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
6 segment
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
394052000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
263769000 USD
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-61500000 USD
CY2021Q1 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
1368000 USD
CY2020Q1 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
9729000 USD
CY2021Q1 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
3594406000 USD
CY2021Q1 us-gaap Land Available For Development
LandAvailableForDevelopment
3913349000 USD
CY2021Q1 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
467456000 USD
CY2021Q1 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
7975211000 USD
CY2021Q1 us-gaap Assets
Assets
11445741000 USD
CY2020Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
3086740000 USD
CY2020Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
4137318000 USD
CY2020Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
497740000 USD
CY2020Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
7721798000 USD
CY2020Q4 us-gaap Assets
Assets
12205498000 USD
CY2021Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12222000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
13750000 USD
CY2021Q1 us-gaap Senior Notes
SeniorNotes
1987778000 USD
CY2020Q4 us-gaap Senior Notes
SeniorNotes
2712204000 USD
CY2021Q1 us-gaap Other Notes Payable
OtherNotesPayable
44159000 USD
CY2020Q4 us-gaap Other Notes Payable
OtherNotesPayable
40098000 USD
CY2021Q1 us-gaap Notes Payable
NotesPayable
2031937000 USD
CY2020Q4 us-gaap Notes Payable
NotesPayable
2752302000 USD
CY2021Q1 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
2507209000 USD
CY2020Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
3415662000 USD
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-61500000 USD
CY2021Q1 us-gaap Other Notes Payable
OtherNotesPayable
44200000 USD
CY2020Q4 us-gaap Other Notes Payable
OtherNotesPayable
40100000 USD
CY2021Q1 us-gaap Debt Instrument Term
DebtInstrumentTerm
P3Y
CY2021Q1 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
1000000000.0 USD
CY2021Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1500000000 USD
CY2021Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
700000000.0 USD
CY2021Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
235700000 USD
CY2020Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
249700000 USD
CY2021Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
764300000 USD
CY2020Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
750300000 USD
CY2021Q1 us-gaap Dividends
Dividends
37300000 USD
CY2020Q1 us-gaap Dividends
Dividends
32600000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.228
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.228
CY2021Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
21300000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
32700000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
33500000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
30900000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3200000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2800000 USD
CY2021Q1 us-gaap Other Notes Payable
OtherNotesPayable
44159000 USD
CY2020Q4 us-gaap Other Notes Payable
OtherNotesPayable
40098000 USD
CY2021Q1 us-gaap Senior Notes
SeniorNotes
2000000000.0 USD
CY2020Q4 us-gaap Senior Notes
SeniorNotes
2700000000 USD
CY2021Q1 phm Maximum Product Warranty In Years
MaximumProductWarrantyInYears
P10Y
CY2021Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
235700000 USD
CY2021Q1 phm Surety Bonds Outstanding
SuretyBondsOutstanding
1600000000 USD
CY2020Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
249700000 USD
CY2020Q4 phm Surety Bonds Outstanding
SuretyBondsOutstanding
1500000000 USD
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
82744000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
91389000 USD
CY2021Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
17344000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
15039000 USD
CY2021Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
15493000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
18276000 USD
CY2021Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-788000 USD
CY2020Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
243000 USD
CY2021Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
83807000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
88395000 USD
CY2021Q1 phm Number Of Claims Under Review By Management
NumberOfClaimsUnderReviewByManagement
1000 claim
CY2021Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
653100000 USD
CY2020Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
641800000 USD
CY2021Q1 phm Incurred But Not Reported Percentage Of Liability Reserves
IncurredButNotReportedPercentageOfLiabilityReserves
0.67
CY2020Q4 phm Incurred But Not Reported Percentage Of Liability Reserves
IncurredButNotReportedPercentageOfLiabilityReserves
0.68
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
91400000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1100000 USD
CY2020Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
641779000 USD
CY2019Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
709798000 USD
CY2021Q1 phm Additions To Self Insurance Reserves
AdditionsToSelfInsuranceReserves
19542000 USD
CY2020Q1 phm Additions To Self Insurance Reserves
AdditionsToSelfInsuranceReserves
18449000 USD
CY2021Q1 us-gaap Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
-6082000 USD
CY2020Q1 us-gaap Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
1300000 USD
CY2021Q1 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
2171000 USD
CY2020Q1 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
10375000 USD
CY2021Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
653068000 USD
CY2020Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
719172000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
69000000.0 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
88300000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
71300000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
102655000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
9600000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
5300000 USD
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
5900000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
10200000 USD
CY2020Q1 us-gaap Lease Cost
LeaseCost
9900000 USD
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
1900000 USD
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
1900000 USD
CY2021Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2900000 USD
CY2020Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2200000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
15969000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
22646000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
20567000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
14374000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9521000 USD
CY2021Q1 phm Lessee Operating Lease Liabilitytobe Paidafter Year Four
LesseeOperatingLeaseLiabilitytobePaidafterYearFour
19578000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
14324000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
88331000 USD
CY2021Q1 phm Lessee Operating Lease Lease Not Yet Commenced Liability
LesseeOperatingLeaseLeaseNotYetCommencedLiability
1700000 USD
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y4M24D
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.056

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