2023 Q2 Form 10-Q Financial Statement

#000082241623000017 Filed on April 25, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q4
Revenue $4.189B $3.576B $5.171B
YoY Change 6.69% 12.17% 18.65%
Cost Of Revenue $2.936B $2.541B $3.674B
YoY Change 8.45% 12.62% 16.11%
Gross Profit $1.253B $1.034B $1.498B
YoY Change 2.77% 11.09% 25.37%
Gross Profit Margin 29.92% 28.93% 28.96%
Selling, General & Admin $314.6M $336.5M $350.8M
YoY Change -10.43% 2.28% 1.92%
% of Gross Profit 25.11% 32.54% 23.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.07M $19.14M $18.98M
YoY Change 16.58% 18.28% 12.13%
% of Gross Profit 1.6% 1.85% 1.27%
Operating Expenses $314.7M $336.5M $351.8M
YoY Change -10.39% 2.28% 1.96%
Operating Profit $938.4M $697.8M $1.146B
YoY Change 8.1% 15.91% 34.87%
Interest Expense $16.13M $9.502M $49.15M
YoY Change 1601.05% 523.49% 313.82%
% of Operating Profit 1.72% 1.36% 4.29%
Other Income/Expense, Net $13.59M $1.818M
YoY Change -488.39% -185.03%
Pretax Income $953.0M $702.1M $1.164B
YoY Change 10.23% 17.04% 35.97%
Income Tax $232.7M $169.9M $281.6M
% Of Pretax Income 24.41% 24.19% 24.19%
Net Earnings $717.9M $532.3M $877.0M
YoY Change 10.03% 17.05% 32.22%
Net Earnings / Revenue 17.14% 14.89% 16.96%
Basic Earnings Per Share $3.23 $2.35
Diluted Earnings Per Share $3.21 $2.35 $3.85
COMMON SHARES
Basic Shares Outstanding 223.2M shares 225.6M shares 227.8M shares
Diluted Shares Outstanding 223.4M shares 226.0M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.729B $1.278B $1.053B
YoY Change 160.83% 11.62% -40.81%
Cash & Equivalents $1.729B $1.278B $1.053B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $11.34B $11.43B $11.33B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $13.06B $12.71B $12.38B
YoY Change 14.67% 15.39% 14.34%
LONG-TERM ASSETS
Property, Plant & Equipment $73.00M $72.90M $200.3M
YoY Change 3.11% 2.68% 34.27%
Goodwill $68.93M $68.93M $68.93M
YoY Change
Intangibles $135.8M
YoY Change -7.57%
Long-Term Investments $583.8M $144.7M $146.8M
YoY Change 287.9% 36.4% 49.56%
Other Assets $152.3M $176.2M $166.1M
YoY Change -31.58% -20.57% -25.47%
Total Long-Term Assets $2.162B $2.121B $2.417B
YoY Change -6.32% -1.31% -4.3%
TOTAL ASSETS
Total Short-Term Assets $13.06B $12.71B $12.38B
Total Long-Term Assets $2.162B $2.121B $2.417B
Total Assets $15.23B $14.83B $14.80B
YoY Change 11.14% 12.66% 10.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $543.4M $488.8M $566.0M
YoY Change -27.59% -22.27% -8.89%
Accrued Expenses $1.536B $1.675B $1.586B
YoY Change 0.01% 9.83% 0.64%
Deferred Revenue
YoY Change
Short-Term Debt $315.6M $324.4M $586.7M
YoY Change -28.73% -18.1% -6.29%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.192B $3.285B $3.523B
YoY Change -15.04% -7.45% -3.97%
LONG-TERM LIABILITIES
Long-Term Debt $2.033B $2.042B $2.046B
YoY Change 0.15% 0.57% 0.81%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.033B $2.042B $2.046B
YoY Change 0.15% 0.57% 0.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.192B $3.285B $3.523B
Total Long-Term Liabilities $2.033B $2.042B $2.046B
Total Liabilities $5.521B $5.567B $5.882B
YoY Change -7.29% -3.19% 0.33%
SHAREHOLDERS EQUITY
Retained Earnings $5.582B
YoY Change 33.02%
Common Stock $2.258M
YoY Change -9.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.705B $9.264B $8.914B
YoY Change
Total Liabilities & Shareholders Equity $15.23B $14.83B $14.80B
YoY Change 11.14% 12.66% 10.81%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income $717.9M $532.3M $877.0M
YoY Change 10.03% 17.05% 32.22%
Depreciation, Depletion And Amortization $20.07M $19.14M $18.98M
YoY Change 16.58% 18.28% 12.13%
Cash From Operating Activities $739.2M $711.4M $972.4M
YoY Change -801.86% 242.55% 113.34%
INVESTING ACTIVITIES
Capital Expenditures $21.33M $23.74M $24.08M
YoY Change -166.94% -22.63% -216.61%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$8.449M $1.570M $7.023M
YoY Change -80.49% 688.94% -141.27%
Cash From Investing Activities -$29.78M -$24.21M -$17.05M
YoY Change -60.38% -49.52% -54.72%
FINANCING ACTIVITIES
Cash Dividend Paid $36.38M
YoY Change -3.75%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $4.500M
YoY Change
Cash From Financing Activities -258.5M -$454.9M -152.2M
YoY Change -13.62% -41.79% -27.26%
NET CHANGE
Cash From Operating Activities 739.2M $711.4M 972.4M
Cash From Investing Activities -29.78M -$24.21M -17.05M
Cash From Financing Activities -258.5M -$454.9M -152.2M
Net Change In Cash 450.9M $232.3M 803.2M
YoY Change -193.99% -137.37% 284.44%
FREE CASH FLOW
Cash From Operating Activities $739.2M $711.4M $972.4M
Capital Expenditures $21.33M $23.74M $24.08M
Free Cash Flow $717.9M $687.6M $948.3M
YoY Change -1077.35% 288.53% 99.04%

Facts In Submission

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CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
150000000 usd
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
500000000 usd
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
10059000 usd
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
13614000 usd
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
36380000 usd
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
37796000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-454853000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-781395000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
232301000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-621695000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1094553000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1833565000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1326854000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1211870000 usd
CY2023Q1 phm Interestpaidcapitalizednet
Interestpaidcapitalizednet
6205000 usd
CY2022Q1 phm Interestpaidcapitalizednet
Interestpaidcapitalizednet
5157000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
209000 usd
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1915000 usd
CY2023Q1 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>
CY2023Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
ReclassificationsEffective with our first quarter 2023 reporting, we reclassified our closing cost incentives provided to customers, including seller-paid financing costs, from home sale cost of revenues to home sale revenues. All prior period amounts have been reclassified to conform to the current presentation. As a result, all sales incentives provided to customers are classified as a reduction of home sale revenues. This reclassification had the effect of reducing both home sale revenues and home sale cost of revenues by the amount of such closing cost incentives, which totaled $81.2 million and $38.1 million for the three months ended March 31, 2023 and 2022, respectively.
CY2023Q1 phm Write Off Of Deposits And Pre Acquisition Costs
WriteOffOfDepositsAndPreAcquisitionCosts
5683000 usd
CY2022Q1 phm Write Off Of Deposits And Pre Acquisition Costs
WriteOffOfDepositsAndPreAcquisitionCosts
3510000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2670000 usd
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2821000 usd
CY2023Q1 us-gaap Interest Income Other
InterestIncomeOther
7096000 usd
CY2022Q1 us-gaap Interest Income Other
InterestIncomeOther
388000 usd
CY2023Q1 us-gaap Interest Expense Other
InterestExpenseOther
107000 usd
CY2022Q1 us-gaap Interest Expense Other
InterestExpenseOther
86000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3182000 usd
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2670000 usd
CY2023Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1818000 usd
CY2022Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3359000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
796400000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
783600000 usd
CY2023Q1 phm Contractassetinsurancerenewals
Contractassetinsurancerenewals
61900000 usd
CY2022Q4 phm Contractassetinsurancerenewals
Contractassetinsurancerenewals
57300000 usd
CY2023Q1 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
420600000 usd
CY2022Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
677200000 usd
CY2023Q1 us-gaap Inventory Real Estate Mortgage Loans Held In Inventory
InventoryRealEstateMortgageLoansHeldInInventory
420700000 usd
CY2022Q4 us-gaap Inventory Real Estate Mortgage Loans Held In Inventory
InventoryRealEstateMortgageLoansHeldInInventory
680500000 usd
CY2023Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
20600000 usd
CY2022Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
52400000 usd
CY2023Q1 phm Incurred But Not Reported Percentage Of Liability Reserves
IncurredButNotReportedPercentageOfLiabilityReserves
0.73
CY2023Q1 us-gaap Maximum Length Of Time Hedged In Cash Flow Hedge1
MaximumLengthOfTimeHedgedInCashFlowHedge1
P90D
CY2023Q1 us-gaap Derivative Instruments In Hedges Assets At Fair Value
DerivativeInstrumentsInHedgesAssetsAtFairValue
13654000 usd
CY2023Q1 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
14024000 usd
CY2022Q4 us-gaap Derivative Instruments In Hedges Assets At Fair Value
DerivativeInstrumentsInHedgesAssetsAtFairValue
15780000 usd
CY2022Q4 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
22590000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
532259000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
454723000 usd
CY2023Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
126000 usd
CY2022Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
218000 usd
CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2148000 usd
CY2022Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3061000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
529985000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
451444000 usd
CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2148000 usd
CY2022Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3061000 usd
CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
2135000 usd
CY2022Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
3045000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
529998000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
451460000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
225127000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
245796000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
830000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1069000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
225957000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
246865000 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.35
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.84
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.35
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.83
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
Credit lossesWe 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.
CY2023Q1 phm Assets In Scope Under Accounting Standards Codification326
AssetsInScopeUnderAccountingStandardsCodification326
208900000 usd
CY2022Q4 phm Assets In Scope Under Accounting Standards Codification326
AssetsInScopeUnderAccountingStandardsCodification326
222900000 usd
CY2023Q1 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
5351112000 usd
CY2022Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
5440186000 usd
CY2023Q1 us-gaap Land Available For Development
LandAvailableForDevelopment
5346687000 usd
CY2022Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
5134432000 usd
CY2023Q1 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
647228000 usd
CY2022Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
679341000 usd
CY2023Q1 phm Inventory Real Estate Not Owned
InventoryRealEstateNotOwned
86850000 usd
CY2022Q4 phm Inventory Real Estate Not Owned
InventoryRealEstateNotOwned
72058000 usd
CY2023Q1 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
11431877000 usd
CY2022Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
11326017000 usd
CY2022Q4 us-gaap Purchase Options Land
PurchaseOptionsLand
478755000 usd
CY2022Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
137262000 usd
CY2021Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
160756000 usd
CY2023Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
31802000 usd
CY2022Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
31583000 usd
CY2023Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
27793000 usd
CY2022Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
33669000 usd
CY2023Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
141271000 usd
CY2022Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
158670000 usd
CY2023Q1 us-gaap Purchase Options Land
PurchaseOptionsLand
485727000 usd
CY2023Q1 phm Remaining Purchase Price Of All Land Option Agreements
RemainingPurchasePriceOfAllLandOptionAgreements
5537464000 usd
CY2022Q4 phm Remaining Purchase Price Of All Land Option Agreements
RemainingPurchasePriceOfAllLandOptionAgreements
5400241000 usd
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
6 segment
CY2023Q1 us-gaap Revenues
Revenues
3575641000 usd
CY2022Q1 us-gaap Revenues
Revenues
3149519000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
702122000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
599893000 usd
CY2023Q1 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
5683000 usd
CY2022Q1 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
3510000 usd
CY2023Q1 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
5351112000 usd
CY2023Q1 us-gaap Land Available For Development
LandAvailableForDevelopment
5346687000 usd
CY2023Q1 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
647228000 usd
CY2023Q1 phm Inventory Real Estate Not Owned
InventoryRealEstateNotOwned
86850000 usd
CY2023Q1 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
11431877000 usd
CY2023Q1 us-gaap Assets
Assets
14831042000 usd
CY2022Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
5440186000 usd
CY2022Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
5134432000 usd
CY2022Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
679341000 usd
CY2022Q4 phm Inventory Real Estate Not Owned
InventoryRealEstateNotOwned
72058000 usd
CY2022Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
11326017000 usd
CY2022Q4 us-gaap Assets
Assets
14796515000 usd
CY2023Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
9341000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
9701000 usd
CY2023Q1 us-gaap Senior Notes
SeniorNotes
1990659000 usd
CY2022Q4 us-gaap Senior Notes
SeniorNotes
1990299000 usd
CY2023Q1 us-gaap Other Notes Payable
OtherNotesPayable
50978000 usd
CY2022Q4 us-gaap Other Notes Payable
OtherNotesPayable
55228000 usd
CY2022Q4 us-gaap Other Notes Payable
OtherNotesPayable
55228000 usd
CY2023Q1 us-gaap Notes Payable
NotesPayable
2041637000 usd
CY2022Q4 us-gaap Notes Payable
NotesPayable
2045527000 usd
CY2023Q1 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
2120458000 usd
CY2022Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
2079218000 usd
CY2023Q1 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
1300000000 usd
CY2023Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1800000000 usd
CY2023Q1 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2023Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
288800000 usd
CY2023Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
961200000 usd
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
303400000 usd
CY2022Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
946600000 usd
CY2023Q1 us-gaap Dividends
Dividends
36100000 usd
CY2022Q1 us-gaap Dividends
Dividends
36500000 usd
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1000000000 usd
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.242
CY2023Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
161300000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
133100000 usd
CY2023Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
23600000 usd
CY2023Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
4600000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
4100000 usd
CY2023Q1 us-gaap Other Notes Payable
OtherNotesPayable
50978000 usd
CY2022Q4 us-gaap Other Notes Payable
OtherNotesPayable
55228000 usd
CY2022Q4 us-gaap Other Notes Payable
OtherNotesPayable
55228000 usd
CY2023Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
288800000 usd
CY2023Q1 phm Surety Bonds Outstanding
SuretyBondsOutstanding
2100000000 usd
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
303400000 usd
CY2022Q4 phm Surety Bonds Outstanding
SuretyBondsOutstanding
2200000000 usd
CY2023Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
652700000 usd
CY2022Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
635900000 usd
CY2023Q1 phm Maximum Product Warranty In Years
MaximumProductWarrantyInYears
P10Y
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
108348000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
107117000 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
20371000 usd
CY2022Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
19692000 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
24134000 usd
CY2022Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
19674000 usd
CY2023Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
1395000 usd
CY2022Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-495000 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
105980000 usd
CY2022Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
106640000 usd
CY2022Q4 phm Incurred But Not Reported Percentage Of Liability Reserves
IncurredButNotReportedPercentageOfLiabilityReserves
0.74
CY2022Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
635857000 usd
CY2021Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
627067000 usd
CY2023Q1 phm Additions To Self Insurance Reserves
AdditionsToSelfInsuranceReserves
24121000 usd
CY2022Q1 phm Additions To Self Insurance Reserves
AdditionsToSelfInsuranceReserves
19837000 usd
CY2023Q1 us-gaap Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
-564000 usd
CY2022Q1 us-gaap Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
2139000 usd
CY2023Q1 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
6669000 usd
CY2022Q1 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
4765000 usd
CY2023Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
652745000 usd
CY2022Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
644278000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
72900000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
89400000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
73500000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
90100000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3900000 usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
500000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
5400000 usd
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
5500000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
14200000 usd
CY2022Q1 us-gaap Lease Cost
LeaseCost
12900000 usd
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
3000000 usd
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
2200000 usd
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4200000 usd
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
5100000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
20806000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
23521000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
15765000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11998000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9414000 usd
CY2023Q1 phm Lessee Operating Lease Liabilitytobe Paidafter Year Four
LesseeOperatingLeaseLiabilitytobePaidafterYearFour
15639000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
97143000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7724000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
89419000 usd
CY2023Q1 phm Lessee Operating Lease Lease Not Yet Commenced Liability
LesseeOperatingLeaseLeaseNotYetCommencedLiability
2200000 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M24D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.054

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