2024 Q1 Form 10-K Financial Statement

#000082241624000010 Filed on February 05, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $3.949B $4.294B $16.06B
YoY Change 10.45% -16.97% -1.03%
Cost Of Revenue $2.778B $3.044B $11.32B
YoY Change 9.29% -17.14% -0.63%
Gross Profit $1.172B $1.250B $4.739B
YoY Change 13.28% -16.56% -1.97%
Gross Profit Margin 29.67% 29.1% 29.51%
Selling, General & Admin $357.6M $308.3M $1.313B
YoY Change 6.26% -12.12% -4.97%
% of Gross Profit 30.52% 24.67% 27.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.06M $21.06M $70.30M
YoY Change 10.04% 10.93% 17.56%
% of Gross Profit 1.8% 1.69% 1.48%
Operating Expenses $354.1M $309.1M $1.313B
YoY Change 5.23% -12.14% -4.97%
Operating Profit $817.5M $940.5M $3.426B
YoY Change 17.16% -17.92% -0.78%
Interest Expense $55.17M $19.92M $469.0K
YoY Change 480.57% -59.46% 65.14%
% of Operating Profit 6.75% 2.12% 0.01%
Other Income/Expense, Net $16.68M $37.20M
YoY Change 817.66% -371.18%
Pretax Income $868.6M $946.8M $3.449B
YoY Change 23.72% -18.65% 0.28%
Income Tax $205.7M $235.8M $846.9M
% Of Pretax Income 23.68% 24.91% 24.55%
Net Earnings $663.0M $708.5M $2.602B
YoY Change 24.56% -19.21% -0.57%
Net Earnings / Revenue 16.79% 16.5% 16.2%
Basic Earnings Per Share $3.13 $11.79
Diluted Earnings Per Share $3.11 $3.29 $11.72
COMMON SHARES
Basic Shares Outstanding 212.1M shares 215.6M shares 220.0M shares
Diluted Shares Outstanding 213.5M shares 221.2M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.720B $1.807B $1.807B
YoY Change 34.55% 71.55% 71.55%
Cash & Equivalents $1.720B $1.807B $1.807B
Short-Term Investments
Other Short-Term Assets $245.0M
YoY Change 9.62%
Inventory $12.11B $11.80B $11.80B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $13.83B $13.60B $13.88B
YoY Change 8.79% 9.88% 9.9%
LONG-TERM ASSETS
Property, Plant & Equipment $76.50M $221.5M $298.9M
YoY Change 4.94% 10.6% 9.18%
Goodwill $68.93M $68.93M
YoY Change 0.0% 0.0%
Intangibles $56.34M
YoY Change -58.52%
Long-Term Investments $775.0M $166.9M $683.0M
YoY Change 435.69% 13.69% -17.11%
Other Assets $133.3M $131.2M $131.2M
YoY Change -24.34% -21.0% -21.0%
Total Long-Term Assets $2.669B $2.485B $2.210B
YoY Change 25.85% 2.8% 1.87%
TOTAL ASSETS
Total Short-Term Assets $13.83B $13.60B $13.88B
Total Long-Term Assets $2.669B $2.485B $2.210B
Total Assets $16.50B $16.09B $16.09B
YoY Change 11.23% 8.72% 8.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $575.1M $619.0M $501.8M
YoY Change 17.66% 9.37% 4.89%
Accrued Expenses $1.632B $1.583B $378.4M
YoY Change -2.56% -0.2% 2.07%
Deferred Revenue
YoY Change
Short-Term Debt $534.3M $499.6M $510.1M
YoY Change 64.69% -14.84% -14.85%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.441B $3.377B $2.226B
YoY Change 4.74% -4.14% -5.5%
LONG-TERM LIABILITIES
Long-Term Debt $1.957B $1.962B $1.962B
YoY Change -4.15% -4.07% -4.07%
Other Long-Term Liabilities $1.151B
YoY Change -1.39%
Total Long-Term Liabilities $1.957B $1.962B $3.113B
YoY Change -4.15% -4.07% -3.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.441B $3.377B $2.226B
Total Long-Term Liabilities $1.957B $1.962B $3.113B
Total Liabilities $5.734B $5.704B $5.704B
YoY Change 3.0% -3.04% -3.04%
SHAREHOLDERS EQUITY
Retained Earnings $7.013B
YoY Change 25.64%
Common Stock $2.126M
YoY Change -5.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.76B $10.38B $10.38B
YoY Change
Total Liabilities & Shareholders Equity $16.50B $16.09B $16.09B
YoY Change 11.23% 8.72% 8.72%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $663.0M $708.5M $2.602B
YoY Change 24.56% -19.21% -0.57%
Depreciation, Depletion And Amortization $21.06M $21.06M $70.30M
YoY Change 10.04% 10.93% 17.56%
Cash From Operating Activities $239.8M $288.4M $2.197B
YoY Change -66.29% -70.34% 228.63%
INVESTING ACTIVITIES
Capital Expenditures $24.08M $24.64M $92.20M
YoY Change 1.4% 2.34% -18.16%
Acquisitions
YoY Change
Other Investing Activities -$2.813M -$9.424M $16.76M
YoY Change -279.17% -234.19% 194.74%
Cash From Investing Activities -$26.89M -$34.06M -$129.1M
YoY Change 11.05% 99.75% -24.83%
FINANCING ACTIVITIES
Cash Dividend Paid $42.68M $142.5M
YoY Change 17.33% -1.15%
Common Stock Issuance & Retirement, Net $1.000B
YoY Change -6.95%
Debt Paid & Issued, Net $11.14M $123.3M
YoY Change 147.56% 2416.33%
Cash From Financing Activities -296.0M -304.7M -$1.313B
YoY Change -34.93% 100.24% 6.26%
NET CHANGE
Cash From Operating Activities 239.8M 288.4M $2.197B
Cash From Investing Activities -26.89M -34.06M -$129.1M
Cash From Financing Activities -296.0M -304.7M -$1.313B
Net Change In Cash -83.09M -50.38M $754.6M
YoY Change -135.77% -106.27% -202.11%
FREE CASH FLOW
Cash From Operating Activities $239.8M $288.4M $2.197B
Capital Expenditures $24.08M $24.64M $92.20M
Free Cash Flow $215.7M $263.8M $2.105B
YoY Change -68.63% -72.18% 278.65%

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CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
8914098000 usd
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
4841000 usd
CY2023 us-gaap Dividends
Dividends
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CY2023 us-gaap Stock Repurchased During Period Value
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1000000000 usd
CY2023 phm Excise Tax On Share Repurchase
ExciseTaxOnShareRepurchase
9691000 usd
CY2023 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
11991000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
33434000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
2602372000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
10383257000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
2602372000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
2617317000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
1946320000 usd
CY2023 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-104266000 usd
CY2022 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-106584000 usd
CY2021 us-gaap Increase Decrease In Deferred Income Taxes
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-59168000 usd
CY2023 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
43115000 usd
CY2022 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
66656000 usd
CY2021 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
12302000 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
663000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-61469000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
80824000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
70918000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
69953000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4561000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
50680000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
17200000 usd
CY2023 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
4564000 usd
CY2022 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
49151000 usd
CY2021 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
2110000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
48200000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
42989000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
36745000 usd
CY2023 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
758000 usd
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1431000 usd
CY2021 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1586000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
354016000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2256690000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1266398000 usd
CY2023 us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
-160934000 usd
CY2022 us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
-266310000 usd
CY2021 us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
382813000 usd
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
290631000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
140761000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
159906000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-196884000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-104759000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
640685000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2196762000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
668466000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1004021000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
92201000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
112661000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
72781000 usd
CY2023 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
23403000 usd
CY2022 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
64701000 usd
CY2021 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
101591000 usd
CY2023 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
3265000 usd
CY2022 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
21704000 usd
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
53927000 usd
CY2021 phm Interestpaidcapitalizednet
Interestpaidcapitalizednet
10856000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
784453000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
641948000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
457406000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
87700000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10500000 usd
CY2023 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 usd
CY2022 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
10400000 usd
CY2021 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
10400000 usd
CY2023 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
16756000 usd
CY2022 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5685000 usd
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-6713000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-129095000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-171743000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-124132000 usd
CY2023 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
123290000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4856000 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
836893000 usd
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
2869000000 usd
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2869000000 usd
CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
CY2023 us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
-87084000 usd
CY2022 us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
-39412000 usd
CY2021 us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
214302000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1572000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
11167000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2023 phm Proceeds Land Under Purchase Options Recorded
ProceedsLandUnderPurchaseOptionsRecorded
129656000 usd
CY2022 phm Proceeds Land Under Purchase Options Recorded
ProceedsLandUnderPurchaseOptionsRecorded
58729000 usd
CY2023 phm Payments Land Under Purchase Options Recorded
PaymentsLandUnderPurchaseOptionsRecorded
76303000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
11000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1000000000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1074673000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
897303000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
11991000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
14326000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
10842000 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
142459000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
144115000 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
147834000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1313043000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1235735000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1678559000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
754624000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-739012000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-798670000 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
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2632235000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1849177000 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
CY2023 phm Interestpaidcapitalizednet
Interestpaidcapitalizednet
10786000 usd
CY2022 phm Interestpaidcapitalizednet
Interestpaidcapitalizednet
1797000 usd
CY2023 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. 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.</span></div>
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassifications</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%">Effective 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 $226.0 million and $189.9 million for the years ended December 31, 2022 and 2021, respectively.</span></div>
CY2023Q4 us-gaap Escrow Deposit
EscrowDeposit
43200000 usd
CY2022Q4 us-gaap Escrow Deposit
EscrowDeposit
42900000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
56300000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
98200000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
66900000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11100000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16500000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
10000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9300000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8900000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6500000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
6300000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
221500000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
264400000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
200300000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
242300000 usd
CY2023 us-gaap Depreciation
Depreciation
70300000 usd
CY2022 us-gaap Depreciation
Depreciation
59800000 usd
CY2021 us-gaap Depreciation
Depreciation
53500000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
57500000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
61600000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
47200000 usd
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
27800000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
27600000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
23400000 usd
CY2023 phm Write Off Of Deposits And Pre Acquisition Costs
WriteOffOfDepositsAndPreAcquisitionCosts
23512000 usd
CY2022 phm Write Off Of Deposits And Pre Acquisition Costs
WriteOffOfDepositsAndPreAcquisitionCosts
63559000 usd
CY2021 phm Write Off Of Deposits And Pre Acquisition Costs
WriteOffOfDepositsAndPreAcquisitionCosts
12283000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10538000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11118000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16502000 usd
CY2023 us-gaap Interest Income Other
InterestIncomeOther
61533000 usd
CY2022 us-gaap Interest Income Other
InterestIncomeOther
1971000 usd
CY2021 us-gaap Interest Income Other
InterestIncomeOther
1953000 usd
CY2023 us-gaap Interest Expense
InterestExpense
469000 usd
CY2022 us-gaap Interest Expense
InterestExpense
284000 usd
CY2021 us-gaap Interest Expense
InterestExpense
502000 usd
CY2023 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
10186000 usd
CY2022 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
8592000 usd
CY2021 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
7724000 usd
CY2023 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
37200000 usd
CY2022 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-64398000 usd
CY2021 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-19610000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
2602372000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
2617317000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
1946320000 usd
CY2023 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
511000 usd
CY2022 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
846000 usd
CY2021 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1218000 usd
CY2023 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
8990000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2592871000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2601141000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1929985000 usd
CY2023 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
8990000 usd
CY2022 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
15330000 usd
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
15117000 usd
CY2023 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
8923000 usd
CY2022 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
15229000 usd
CY2021 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
15080000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
675100000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
783600000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
74000000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
57300000 usd
CY2023 us-gaap Revenue Recognition Incentives
RevenueRecognitionIncentives
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Sales incentives primarily relate to discounts on the selling price of the home, payment of closing costs, or free products or services offered to the customer. Sales incentives are recorded as a reduction of home sale revenues.</span></div>
CY2023Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
516100000 usd
CY2022Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
677200000 usd
CY2023Q4 us-gaap Inventory Real Estate Mortgage Loans Held In Inventory
InventoryRealEstateMortgageLoansHeldInInventory
508500000 usd
CY2022Q4 us-gaap Inventory Real Estate Mortgage Loans Held In Inventory
InventoryRealEstateMortgageLoansHeldInInventory
680500000 usd
CY2023 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
149800000 usd
CY2022 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
157300000 usd
CY2021 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
251300000 usd
CY2023 us-gaap Revenue Recognition Interest
RevenueRecognitionInterest
Interest income on mortgage loans is recorded in Financial Services revenues, accrued from the date a mortgage loan is originated until the loan is sold, and totaled $20.4 million, $14.2 million, and $10.0 million in 2023, 2022, and 2021, respectively. Loans are placed on non-accrual status once they become greater than 90 days past due their contractual terms. Subsequent payments received are applied according to the contractual terms of the loan. Mortgage discounts are not amortized as interest income due to the short period the loans are held until sale to third party investors
CY2023 phm Days Past Contractual Term Once Loans No Longer Accrue Interest Income
DaysPastContractualTermOnceLoansNoLongerAccrueInterestIncome
P90D
CY2023 us-gaap Maximum Length Of Time Hedged In Cash Flow Hedge1
MaximumLengthOfTimeHedgedInCashFlowHedge1
P90D
CY2023Q4 us-gaap Derivative Instruments In Hedges Assets At Fair Value
DerivativeInstrumentsInHedgesAssetsAtFairValue
4060000 usd
CY2023Q4 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
27657000 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
CY2023Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
5262850000 usd
CY2022Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
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CY2023Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
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CY2022 phm Net Realizable Value Adjustments Land Held For Sale Total
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2990000 usd
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CY2023 phm Write Off Of Deposits And Pre Acquisition Costs
WriteOffOfDepositsAndPreAcquisitionCosts
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WriteOffOfDepositsAndPreAcquisitionCosts
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WriteOffOfDepositsAndPreAcquisitionCosts
12283000 usd
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ProductionRelatedImpairmentsOrCharges
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CY2023Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
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CY2023Q4 us-gaap Inventory Real Estate Land And Land Development Costs
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CY2023Q4 us-gaap Land Under Purchase Options Recorded
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CY2023Q4 us-gaap Assets
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CY2022Q4 us-gaap Inventory Homes Under Construction
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InventoryRealEstateLandAndLandDevelopmentCosts
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CY2022Q4 us-gaap Land Under Purchase Options Recorded
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IncomeLossFromEquityMethodInvestments
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IncomeLossFromEquityMethodInvestments
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IncomeLossFromEquityMethodInvestments
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TotalDividendsAndDistributionOfEarningsFromUnconsolidatedEntities
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TotalDividendsAndDistributionOfEarningsFromUnconsolidatedEntities
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PaymentsToAcquireInterestInSubsidiariesAndAffiliates
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CY2022 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
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CY2021 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
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CY2023Q4 us-gaap Long Term Debt
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CY2023Q4 us-gaap Deferred Finance Costs Net
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CY2023Q4 us-gaap Senior Notes
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CY2022Q4 us-gaap Senior Notes
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CY2023Q4 us-gaap Notes Payable
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CY2022Q4 us-gaap Notes Payable
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CY2023Q4 us-gaap Notes Payable Fair Value Disclosure
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CY2022Q4 us-gaap Other Notes Payable
OtherNotesPayable
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CY2023 us-gaap Debt Instrument Term
DebtInstrumentTerm
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CY2023Q4 phm Notes Payable Issued To Acquire Land
NotesPayableIssuedToAcquireLand
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CY2022Q4 phm Notes Payable Issued To Acquire Land
NotesPayableIssuedToAcquireLand
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CY2021Q4 phm Notes Payable Issued To Acquire Land
NotesPayableIssuedToAcquireLand
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CY2023Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
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CY2022Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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CY2023 us-gaap Dividends
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q4 us-gaap Unrecognized Tax Benefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2023Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
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CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
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CY2023Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
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CY2022 us-gaap Dividends
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CY2021 us-gaap Dividends
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CY2023Q2 us-gaap Stock Repurchase Program Authorized Amount1
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2023 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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31802000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
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CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023Q4 us-gaap Deferred Tax Liabilities
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CY2022Q4 us-gaap Deferred Tax Liabilities
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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58819000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses
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58339000 usd
CY2023Q4 phm Deferred Tax Assets Capitalized Inventory Expenses
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DeferredTaxAssetsCapitalizedInventoryExpenses
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CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
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CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
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CY2023Q4 us-gaap Deferred Tax Assets Gross
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CY2023Q4 us-gaap Deferred Tax Liabilities Tax Deferred Income
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DeferredTaxLiabilitiesTaxDeferredIncome
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CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
22536000 usd
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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CY2023 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2023Q4 us-gaap Unrecognized Tax Benefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2022Q4 us-gaap Loans Held For Sale Fair Value Disclosure
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OtherNotesPayable
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CY2022Q4 us-gaap Other Notes Payable
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CY2022Q4 phm Land Development And Construction Liabilities
LandDevelopmentAndConstructionLiabilities
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CY2022Q4 us-gaap Insurance Settlements Receivable
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179249000 usd
CY2022Q4 us-gaap Other Receivables
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193047000 usd
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CY2023Q4 us-gaap Purchase Options Land
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CY2022Q4 us-gaap Purchase Options Land
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CY2023Q4 us-gaap Property Plant And Equipment Net
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CY2022Q4 us-gaap Property Plant And Equipment Net
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200262000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
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CY2023Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
29950000 usd
CY2022Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
24281000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
61408000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
54472000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
1545667000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
1291572000 usd
CY2023 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We record receivables from various parties in the normal course of business, including amounts due from insurance companies (</span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#i752348d5570c4d3ba13871f4510e3eaa_130" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 11</a></span>) and municipalities. In certain instances, we may accept consideration for land sales or other transactions in the form of a note receivable
CY2023Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
563103000 usd
CY2022Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
635857000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
250372000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
239459000 usd
CY2023Q4 phm Land Development And Construction Liabilities
LandDevelopmentAndConstructionLiabilities
144121000 usd
CY2023Q4 phm Accrued Land Under Purchase Options Recorded
AccruedLandUnderPurchaseOptionsRecorded
120522000 usd
CY2022Q4 phm Accrued Land Under Purchase Options Recorded
AccruedLandUnderPurchaseOptionsRecorded
72058000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
120393000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
108348000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
91554000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
90083000 usd
CY2023Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
62400000 usd
CY2022Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
98709000 usd
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
43916000 usd
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
36696000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
36433000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
41135000 usd
CY2023Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
10493000 usd
CY2022Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
12378000 usd
CY2023Q4 us-gaap Other Sundry Liabilities
OtherSundryLiabilities
202383000 usd
CY2022Q4 us-gaap Other Sundry Liabilities
OtherSundryLiabilities
194161000 usd
CY2023Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
1645690000 usd
CY2022Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
1685202000 usd
CY2023Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
10500000 usd
CY2022Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
12400000 usd
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
312700000 usd
CY2023Q4 phm Surety Bonds Outstanding
SuretyBondsOutstanding
2400000000 usd
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
303400000 usd
CY2022Q4 phm Surety Bonds Outstanding
SuretyBondsOutstanding
2200000000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
108348000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
107117000 usd
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
82744000 usd
CY2023 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
107522000 usd
CY2022 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
85011000 usd
CY2021 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
93919000 usd
CY2023 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
99613000 usd
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
90508000 usd
CY2021 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
73760000 usd
CY2023 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
4136000 usd
CY2022 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
6728000 usd
CY2021 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
4214000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
120393000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
108348000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
107117000 usd
CY2023Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
563100000 usd
CY2022Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
635900000 usd
CY2023Q4 phm Incurred But Not Reported Percentage Of Liability Reserves
IncurredButNotReportedPercentageOfLiabilityReserves
0.77
CY2022Q4 phm Incurred But Not Reported Percentage Of Liability Reserves
IncurredButNotReportedPercentageOfLiabilityReserves
0.74
CY2023 phm Adjustment To Self Insurance Reserves
AdjustmentToSelfInsuranceReserves
-130800000 usd
CY2022 phm Adjustment To Self Insurance Reserves
AdjustmentToSelfInsuranceReserves
-65000000 usd
CY2021 phm Adjustment To Self Insurance Reserves
AdjustmentToSelfInsuranceReserves
-81100000 usd
CY2022Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
635857000 usd
CY2021Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
627067000 usd
CY2020Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
641779000 usd
CY2023 phm Additions To Self Insurance Reserves
AdditionsToSelfInsuranceReserves
92399000 usd
CY2022 phm Additions To Self Insurance Reserves
AdditionsToSelfInsuranceReserves
111067000 usd
CY2021 phm Additions To Self Insurance Reserves
AdditionsToSelfInsuranceReserves
90863000 usd
CY2023 phm Adjustment To Self Insurance Reserves
AdjustmentToSelfInsuranceReserves
-130841000 usd
CY2022 phm Adjustment To Self Insurance Reserves
AdjustmentToSelfInsuranceReserves
-64965000 usd
CY2021 phm Adjustment To Self Insurance Reserves
AdjustmentToSelfInsuranceReserves
-81131000 usd
CY2023 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
34312000 usd
CY2022 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
37312000 usd
CY2021 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
24444000 usd
CY2023Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
563103000 usd
CY2022Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
635857000 usd
CY2021Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
627067000 usd
CY2023Q4 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
26900000 usd
CY2022Q4 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
43700000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
77400000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
91600000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
73500000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
90100000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
20600000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
14500000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
23400000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
21900000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
20800000 usd
CY2023 us-gaap Lease Cost
LeaseCost
56400000 usd
CY2022 us-gaap Lease Cost
LeaseCost
54800000 usd
CY2021 us-gaap Lease Cost
LeaseCost
43300000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
11800000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
9900000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
7700000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
17300000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
21200000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
14200000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
26793000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
21746000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
15880000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
12292000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
9715000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
14478000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
100904000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
9350000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
91554000 usd
CY2023Q4 phm Lessee Operating Lease Lease Not Yet Commenced Liability
LesseeOperatingLeaseLeaseNotYetCommencedLiability
4400000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2023 dei Auditor Name
AuditorName
Ernst & Young LLP
CY2023 dei Auditor Location
AuditorLocation
Atlanta, Georgia
CY2023 dei Auditor Firm
AuditorFirmId
42

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