2022 Q1 Form 10-Q Financial Statement

#000082241622000018 Filed on April 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $3.188B $2.730B
YoY Change 16.77% 18.95%
Cost Of Revenue $2.257B $2.000B
YoY Change 12.83% 14.62%
Gross Profit $931.1M $729.8M
YoY Change 27.58% 32.64%
Gross Profit Margin 29.21% 26.73%
Selling, General & Admin $329.0M $271.7M
YoY Change 21.1% 3.04%
% of Gross Profit 35.34% 37.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.18M $17.10M
YoY Change -5.37% 13.25%
% of Gross Profit 1.74% 2.34%
Operating Expenses $329.0M $271.7M
YoY Change 21.1% 3.04%
Operating Profit $602.0M $458.1M
YoY Change 31.42% 59.88%
Interest Expense $1.524M $1.300M
YoY Change 17.23% -63.89%
% of Operating Profit 0.25% 0.28%
Other Income/Expense, Net -$2.138M -$2.639M
YoY Change -18.98% 4.56%
Pretax Income $599.9M $394.1M
YoY Change 52.24% 49.39%
Income Tax $145.2M $89.95M
% Of Pretax Income 24.2% 22.83%
Net Earnings $454.7M $304.1M
YoY Change 49.53% 49.28%
Net Earnings / Revenue 14.27% 11.14%
Basic Earnings Per Share $1.84 $1.14
Diluted Earnings Per Share $1.83 $1.13
COMMON SHARES
Basic Shares Outstanding 245.8M shares 265.4M shares
Diluted Shares Outstanding 246.9M shares 266.0M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.145B $1.580B
YoY Change -27.53% -13.04%
Cash & Equivalents $1.145B $1.580B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $9.870B $7.975B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $11.01B $9.555B
YoY Change 15.28% -1.24%
LONG-TERM ASSETS
Property, Plant & Equipment $71.00M $69.00M
YoY Change 2.9% -9.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $106.1M $39.56M
YoY Change 168.11% -27.41%
Other Assets $221.9M $228.0M
YoY Change -2.7% 5.56%
Total Long-Term Assets $2.149B $1.891B
YoY Change 13.68% 8.14%
TOTAL ASSETS
Total Short-Term Assets $11.01B $9.555B
Total Long-Term Assets $2.149B $1.891B
Total Assets $13.16B $11.45B
YoY Change 15.01% 0.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $628.8M $405.0M
YoY Change 55.26% -5.81%
Accrued Expenses $1.525B $1.353B
YoY Change 12.75% 3.76%
Deferred Revenue
YoY Change
Short-Term Debt $396.1M $271.0M
YoY Change 46.18% 0.37%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.549B $2.730B
YoY Change 30.01% 12.72%
LONG-TERM LIABILITIES
Long-Term Debt $2.030B $2.032B
YoY Change -0.09% -41.2%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.030B $2.032B
YoY Change -0.09% -41.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.549B $2.730B
Total Long-Term Liabilities $2.030B $2.032B
Total Liabilities $5.751B $4.760B
YoY Change 20.81% -19.22%
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 $7.413B $6.685B
YoY Change
Total Liabilities & Shareholders Equity $13.16B $11.45B
YoY Change 15.01% 0.2%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $454.7M $304.1M
YoY Change 49.53% 49.28%
Depreciation, Depletion And Amortization $16.18M $17.10M
YoY Change -5.37% 13.25%
Cash From Operating Activities $207.7M $176.7M
YoY Change 17.49% -13.62%
INVESTING ACTIVITIES
Capital Expenditures $30.69M $14.75M
YoY Change 108.01% -26.75%
Acquisitions $10.40M $10.40M
YoY Change 0.0% -87.5%
Other Investing Activities $199.0K -$698.0K
YoY Change -128.51% -59.09%
Cash From Investing Activities -$47.97M -$27.62M
YoY Change 73.65% -71.16%
FINANCING ACTIVITIES
Cash Dividend Paid $37.80M $37.61M
YoY Change 0.49% 14.88%
Common Stock Issuance & Retirement, Net $500.0M $153.7M
YoY Change 225.33% 60.72%
Debt Paid & Issued, Net $0.00 $794.4M
YoY Change -100.0% 8493.13%
Cash From Financing Activities -$781.4M -$1.137B
YoY Change -31.29% -331.64%
NET CHANGE
Cash From Operating Activities $207.7M $176.7M
Cash From Investing Activities -$47.97M -$27.62M
Cash From Financing Activities -$781.4M -$1.137B
Net Change In Cash -$621.7M -$988.2M
YoY Change -37.09% -264.75%
FREE CASH FLOW
Cash From Operating Activities $207.7M $176.7M
Capital Expenditures $30.69M $14.75M
Free Cash Flow $177.0M $162.0M
YoY Change 9.25% -12.19%

Facts In Submission

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1915000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
15574000 USD
CY2022Q1 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>
CY2022Q1 phm Write Off Of Deposits And Pre Acquisition Costs
WriteOffOfDepositsAndPreAcquisitionCosts
3510000 USD
CY2021Q4 phm Contractassetinsurancerenewals
Contractassetinsurancerenewals
44300000 USD
CY2021Q1 phm Write Off Of Deposits And Pre Acquisition Costs
WriteOffOfDepositsAndPreAcquisitionCosts
1368000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2821000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4992000 USD
CY2022Q1 us-gaap Interest Income Other
InterestIncomeOther
388000 USD
CY2021Q1 us-gaap Interest Income Other
InterestIncomeOther
631000 USD
CY2022Q1 us-gaap Interest Expense Other
InterestExpenseOther
86000 USD
CY2021Q1 us-gaap Interest Expense Other
InterestExpenseOther
135000 USD
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1221000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
827000 USD
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2670000 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2398000 USD
CY2022Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2138000 USD
CY2021Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2639000 USD
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
998900000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
844800000 USD
CY2022Q1 phm Contractassetinsurancerenewals
Contractassetinsurancerenewals
47200000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
454723000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
304107000 USD
CY2022Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
218000 USD
CY2021Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
298000 USD
CY2022Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3061000 USD
CY2021Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2154000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
451444000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
301655000 USD
CY2022Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3061000 USD
CY2021Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2154000 USD
CY2022Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
3045000 USD
CY2021Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
2149000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
451460000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
301660000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
245796000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
265407000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1069000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
605000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
246865000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
266012000 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.84
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.14
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.83
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.13
CY2022Q1 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
510300000 USD
CY2021Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
947100000 USD
CY2022Q1 us-gaap Inventory Real Estate Mortgage Loans Held In Inventory
InventoryRealEstateMortgageLoansHeldInInventory
512700000 USD
CY2021Q4 us-gaap Inventory Real Estate Mortgage Loans Held In Inventory
InventoryRealEstateMortgageLoansHeldInInventory
924500000 USD
CY2022Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
52400000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
77400000 USD
CY2022Q1 us-gaap Maximum Length Of Time Hedged In Cash Flow Hedge1
MaximumLengthOfTimeHedgedInCashFlowHedge1
P60D
CY2022Q1 us-gaap Derivative Instruments In Hedges Assets At Fair Value
DerivativeInstrumentsInHedgesAssetsAtFairValue
38802000 USD
CY2022Q1 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
3221000 USD
CY2021Q4 us-gaap Derivative Instruments In Hedges Assets At Fair Value
DerivativeInstrumentsInHedgesAssetsAtFairValue
9723000 USD
CY2021Q4 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
1373000 USD
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Credit losses</span></div><div><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%">We are exposed to credit losses primarily through our vendors and insurance carriers. We assess and monitor each counterparty’s ability to pay amounts owed by considering contractual terms and conditions, the counterparty’s financial condition, macroeconomic factors, and business strategy. </span></div><div style="text-indent:27pt"><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%">At March 31, 2022 and December 31, 2021, we reported $198.0 million</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and $208.4 million, respectively, of assets in-scope under ASC 326, "Financial Instruments - Credit Losses". These assets consist primarily of insurance receivables, contract assets related to insurance brokerage commissions, and vendor rebate receivables. Counterparties associated with these assets are generally highly rated. Allowances on the aforementioned in-scope assets were not material as of March 31, 2022.</span></div>
CY2022Q1 phm Assets In Scope Under Accounting Standards Codification326
AssetsInScopeUnderAccountingStandardsCodification326
198000000 USD
CY2021Q4 phm Assets In Scope Under Accounting Standards Codification326
AssetsInScopeUnderAccountingStandardsCodification326
208400000 USD
CY2022Q1 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
5045782000 USD
CY2021Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
4225309000 USD
CY2022Q1 us-gaap Land Available For Development
LandAvailableForDevelopment
4136379000 USD
CY2021Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
4091015000 USD
CY2022Q1 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
687728000 USD
CY2021Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
731245000 USD
CY2022Q1 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
9869889000 USD
CY2021Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
9047569000 USD
CY2021Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
160756000 USD
CY2020Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
193409000 USD
CY2022Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
31583000 USD
CY2021Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
34627000 USD
CY2022Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
33669000 USD
CY2021Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
34684000 USD
CY2022Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
158670000 USD
CY2021Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
193352000 USD
CY2022Q1 phm Write Off Of Deposits And Pre Acquisition Costs
WriteOffOfDepositsAndPreAcquisitionCosts
3500000 USD
CY2021Q1 phm Write Off Of Deposits And Pre Acquisition Costs
WriteOffOfDepositsAndPreAcquisitionCosts
1400000 USD
CY2022Q1 us-gaap Purchase Options Land
PurchaseOptionsLand
423112000 USD
CY2022Q1 phm Remaining Purchase Price Of All Land Option Agreements
RemainingPurchasePriceOfAllLandOptionAgreements
6019747000 USD
CY2021Q4 us-gaap Purchase Options Land
PurchaseOptionsLand
404922000 USD
CY2021Q4 phm Remaining Purchase Price Of All Land Option Agreements
RemainingPurchasePriceOfAllLandOptionAgreements
5457878000 USD
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
6 segment
CY2022Q1 us-gaap Revenues
Revenues
3187615000 USD
CY2021Q1 us-gaap Revenues
Revenues
2729791000 USD
CY2022Q1 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
9869889000 USD
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
599893000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
394052000 USD
CY2022Q1 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
3510000 USD
CY2021Q1 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
1368000 USD
CY2022Q1 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
5045782000 USD
CY2022Q1 us-gaap Land Available For Development
LandAvailableForDevelopment
4136379000 USD
CY2022Q1 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
687728000 USD
CY2022Q1 us-gaap Assets
Assets
13164240000 USD
CY2021Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
4225309000 USD
CY2021Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
4091015000 USD
CY2021Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
731245000 USD
CY2021Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
9047569000 USD
CY2021Q4 us-gaap Assets
Assets
13352631000 USD
CY2022Q1 phm Surety Bonds Outstanding
SuretyBondsOutstanding
1900000000 USD
CY2021Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
298800000 USD
CY2021Q4 phm Surety Bonds Outstanding
SuretyBondsOutstanding
1800000000 USD
CY2022Q1 phm Maximum Product Warranty In Years
MaximumProductWarrantyInYears
P10Y
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
10781000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
11142000 USD
CY2022Q1 us-gaap Senior Notes
SeniorNotes
1989219000 USD
CY2021Q4 us-gaap Senior Notes
SeniorNotes
1988858000 USD
CY2022Q1 us-gaap Other Notes Payable
OtherNotesPayable
40889000 USD
CY2021Q4 us-gaap Other Notes Payable
OtherNotesPayable
40185000 USD
CY2022Q1 us-gaap Notes Payable
NotesPayable
2030108000 USD
CY2021Q4 us-gaap Notes Payable
NotesPayable
2029043000 USD
CY2022Q1 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
2294849000 USD
CY2021Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
2496875000 USD
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-61500000 USD
CY2022Q1 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
1000000000 USD
CY2022Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1500000000 USD
CY2022Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
289900000 USD
CY2021Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
298800000 USD
CY2022Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
710100000 USD
CY2022Q1 phm Number Of Claims Under Review By Management
NumberOfClaimsUnderReviewByManagement
1000 claim
CY2022Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
39900000 USD
CY2021Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
701200000 USD
CY2022Q1 us-gaap Dividends
Dividends
36500000 USD
CY2021Q1 us-gaap Dividends
Dividends
37300000 USD
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1000000000 USD
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.242
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.228
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
26500000 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
22700000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
22500000 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3100000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2900000 USD
CY2022Q1 us-gaap Other Notes Payable
OtherNotesPayable
40889000 USD
CY2021Q4 us-gaap Other Notes Payable
OtherNotesPayable
40185000 USD
CY2022Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
289900000 USD
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
107117000 USD
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
82744000 USD
CY2022Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
19692000 USD
CY2021Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
17344000 USD
CY2022Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
19674000 USD
CY2021Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
15493000 USD
CY2022Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-495000 USD
CY2021Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-788000 USD
CY2022Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
106640000 USD
CY2021Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
83807000 USD
CY2021Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
653068000 USD
CY2022Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
644300000 USD
CY2021Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
627100000 USD
CY2022Q1 phm Incurred But Not Reported Percentage Of Liability Reserves
IncurredButNotReportedPercentageOfLiabilityReserves
0.69
CY2021Q4 phm Incurred But Not Reported Percentage Of Liability Reserves
IncurredButNotReportedPercentageOfLiabilityReserves
0.70
CY2021Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
627067000 USD
CY2020Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
641779000 USD
CY2022Q1 phm Additions To Self Insurance Reserves
AdditionsToSelfInsuranceReserves
19837000 USD
CY2021Q1 phm Additions To Self Insurance Reserves
AdditionsToSelfInsuranceReserves
19542000 USD
CY2022Q1 us-gaap Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
2139000 USD
CY2021Q1 us-gaap Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
-6082000 USD
CY2022Q1 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
4765000 USD
CY2021Q1 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
2171000 USD
CY2022Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
644278000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
71000000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
88500000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
74300000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
92700000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
500000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1100000 USD
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
5500000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
5300000 USD
CY2022Q1 us-gaap Lease Cost
LeaseCost
12900000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
10200000 USD
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
2200000 USD
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
1900000 USD
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
5100000 USD
CY2021Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2900000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
17220000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
23694000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
16859000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.055
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11612000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8465000 USD
CY2022Q1 phm Lessee Operating Lease Liabilitytobe Paidafter Year Four
LesseeOperatingLeaseLiabilitytobePaidafterYearFour
18912000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
96762000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
8263000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
88499000 USD
CY2022Q1 phm Lessee Operating Lease Lease Not Yet Commenced Liability
LesseeOperatingLeaseLeaseNotYetCommencedLiability
3100000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y2M12D

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