$PHM
PULTEGROUP INC/MI/ Stock $phm

$phm Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000082241624000016 Filed on April 23, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$4.600B	$3.949B
YoY Change	9.81%	10.45%
Cost Of Revenue	$3.156B	$2.778B
YoY Change	7.52%	9.29%
Gross Profit	$1.443B	$1.172B
YoY Change	15.18%	13.28%
Gross Profit Margin	31.38%	29.67%
Selling, General & Admin	$361.1M	$357.6M
YoY Change	14.78%	6.26%
% of Gross Profit	25.02%	30.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$21.83M	$21.06M
YoY Change	8.8%	10.04%
% of Gross Profit	1.51%	1.8%
Operating Expenses	$361.1M	$354.1M
YoY Change	14.74%	5.23%
Operating Profit	$1.082B	$817.5M
YoY Change	15.32%	17.16%
Interest Expense	$19.19M	$55.17M
YoY Change	19.01%	480.57%
% of Operating Profit	1.77%	6.75%
Other Income/Expense, Net	$13.32M	$16.68M
YoY Change	-1.93%	817.66%
Pretax Income	$1.048B	$868.6M
YoY Change	10.0%	23.72%
Income Tax	$239.2M	$205.7M
% Of Pretax Income	22.82%	23.68%
Net Earnings	$809.1M	$663.0M
YoY Change	12.71%	24.56%
Net Earnings / Revenue	17.59%	16.79%
Basic Earnings Per Share	$3.86	$3.13
Diluted Earnings Per Share	$3.83	$3.11
COMMON SHARES
Basic Shares Outstanding	210.3M shares	212.1M shares
Diluted Shares Outstanding	211.2M shares	213.5M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.393B	$1.720B
YoY Change	-19.43%	34.55%
Cash & Equivalents	$1.393B	$1.720B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$12.30B	$12.11B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$13.70B	$13.83B
YoY Change	4.83%	8.79%
LONG-TERM ASSETS
Property, Plant & Equipment	$73.80M	$76.50M
YoY Change	1.1%	4.94%
Goodwill	$68.93M	$68.93M
YoY Change	0.0%	0.0%
Intangibles
YoY Change
Long-Term Investments	$210.2M	$775.0M
YoY Change	-63.99%	435.69%
Other Assets	$128.9M	$133.3M
YoY Change	-15.37%	-24.34%
Total Long-Term Assets	$2.849B	$2.669B
YoY Change	31.76%	25.85%
TOTAL ASSETS
Total Short-Term Assets	$13.70B	$13.83B
Total Long-Term Assets	$2.849B	$2.669B
Total Assets	$16.54B	$16.50B
YoY Change	8.66%	11.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$651.6M	$575.1M
YoY Change	19.9%	17.66%
Accrued Expenses	$1.460B	$1.632B
YoY Change	-4.95%	-2.56%
Deferred Revenue
YoY Change
Short-Term Debt	$524.0M	$534.3M
YoY Change	66.06%	64.69%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.290B	$3.441B
YoY Change	3.06%	4.74%
LONG-TERM LIABILITIES
Long-Term Debt	$1.650B	$1.957B
YoY Change	-18.84%	-4.15%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$1.650B	$1.957B
YoY Change	-18.84%	-4.15%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.290B	$3.441B
Total Long-Term Liabilities	$1.650B	$1.957B
Total Liabilities	$5.321B	$5.734B
YoY Change	-3.62%	3.0%
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	$11.22B	$10.76B
YoY Change
Total Liabilities & Shareholders Equity	$16.54B	$16.50B
YoY Change	8.66%	11.23%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	$809.1M	$663.0M
YoY Change	12.71%	24.56%
Depreciation, Depletion And Amortization	$21.83M	$21.06M
YoY Change	8.8%	10.04%
Cash From Operating Activities	$417.5M	$239.8M
YoY Change	-43.52%	-66.29%
INVESTING ACTIVITIES
Capital Expenditures	$31.24M	$24.08M
YoY Change	46.44%	1.4%
Acquisitions
YoY Change
Other Investing Activities	-$8.071M	-$2.813M
YoY Change	-4.47%	-279.17%
Cash From Investing Activities	-$39.31M	-$26.89M
YoY Change	32.0%	11.05%
FINANCING ACTIVITIES
Cash Dividend Paid		$42.68M
YoY Change		17.33%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net		$11.14M
YoY Change		147.56%
Cash From Financing Activities	-698.3M	-296.0M
YoY Change	170.12%	-34.93%
NET CHANGE
Cash From Operating Activities	417.5M	239.8M
Cash From Investing Activities	-39.31M	-26.89M
Cash From Financing Activities	-698.3M	-296.0M
Net Change In Cash	-320.1M	-83.09M
YoY Change	-170.99%	-135.77%
FREE CASH FLOW
Cash From Operating Activities	$417.5M	$239.8M
Capital Expenditures	$31.24M	$24.08M
Free Cash Flow	$386.2M	$215.7M
YoY Change	-46.2%	-68.63%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Revenues Revenues	3949160000	usd
CY2023Q1	us-gaap	Revenues Revenues	3575641000	usd
CY2024Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	2726130000	usd
CY2023Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	2497296000	usd
CY2024Q1	us-gaap	Other Cost Of Operating Revenue OtherCostOfOperatingRevenue	51378000	usd
CY2023Q1	us-gaap	Other Cost Of Operating Revenue OtherCostOfOperatingRevenue	44036000	usd
CY2024Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	357594000	usd
CY2023Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	336518000	usd
CY2024Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	37902000	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2513000	usd
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	16683000	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	1818000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	868643000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	702122000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	205667000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	169863000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	662976000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	532259000	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.13
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.35
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.10
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.35
CY2024Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.20
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.16
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	211837000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	225127000	shares
CY2024Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1709000	shares
CY2023Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	830000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	213546000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	225957000	shares
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	10383257000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	9292000	usd
CY2024Q1	us-gaap	Dividends Dividends	42609000	usd
CY2024Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	245844000	usd
CY2024Q1	phm	Excise Tax On Share Repurchase ExciseTaxOnShareRepurchase	2031000	usd
CY2024Q1	phm	Excise Tax On Share Repurchase ExciseTaxOnShareRepurchase	2031000	usd
CY2024Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	17592000	usd
CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	14504000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	662976000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	10761953000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	8914098000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	4842000	usd
CY2023Q1	us-gaap	Dividends Dividends	36139000	usd
CY2023Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	150000000	usd
CY2023Q1	phm	Excise Tax On Share Repurchase ExciseTaxOnShareRepurchase	1221000	usd
CY2023Q1	phm	Excise Tax On Share Repurchase ExciseTaxOnShareRepurchase	1221000	usd
CY2023Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	10059000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	10029000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	532259000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	9263809000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	662976000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	532259000	usd
CY2024Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	37428000	usd
CY2023Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	28152000	usd
CY2024Q1	us-gaap	Production Related Impairments Or Charges ProductionRelatedImpairmentsOrCharges	4018000	usd
CY2023Q1	us-gaap	Production Related Impairments Or Charges ProductionRelatedImpairmentsOrCharges	5683000	usd
CY2024Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	21061000	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	19139000	usd
CY2024Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	37902000	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2513000	usd
CY2024Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	1256000	usd
CY2023Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	3509000	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	16585000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	12488000	usd
CY2024Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	413000	usd
CY2023Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-50000	usd
CY2024Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	289247000	usd
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	85408000	usd
CY2024Q1	us-gaap	Increase Decrease In Mortgage Loans Held For Sale IncreaseDecreaseInMortgageLoansHeldForSale	54774000	usd
CY2023Q1	us-gaap	Increase Decrease In Mortgage Loans Held For Sale IncreaseDecreaseInMortgageLoansHeldForSale	-256360000	usd
CY2024Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	108132000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-25053000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-13069000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-83404000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	239787000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	711368000	usd
CY2024Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	24076000	usd
CY2023Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	23743000	usd
CY2024Q1	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	3955000	usd
CY2023Q1	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	1117000	usd
CY2024Q1	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	3398000	usd
CY2023Q1	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	2216000	usd
CY2024Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	2256000	usd
CY2023Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	1570000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-26889000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-24214000	usd
CY2024Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	11140000	usd
CY2023Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	4500000	usd
CY2024Q1	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	34708000	usd
CY2023Q1	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	-262264000	usd
CY2024Q1	phm	Proceeds Land Under Purchase Options Recorded ProceedsLandUnderPurchaseOptionsRecorded	19077000	usd
CY2023Q1	phm	Proceeds Land Under Purchase Options Recorded ProceedsLandUnderPurchaseOptionsRecorded	18449000	usd
CY2024Q1	phm	Payments Land Under Purchase Options Recorded PaymentsLandUnderPurchaseOptionsRecorded	32511000	usd
CY2023Q1	phm	Payments Land Under Purchase Options Recorded PaymentsLandUnderPurchaseOptionsRecorded	10099000	usd
CY2024Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	245844000	usd
CY2023Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	150000000	usd
CY2024Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	17592000	usd
CY2023Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	10059000	usd
CY2024Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	42684000	usd
CY2023Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	36380000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-295986000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-454853000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-83088000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	232301000	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
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1766089000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1326854000	usd
CY2024Q1	phm	Interestpaidcapitalizednet Interestpaidcapitalizednet	7251000	usd
CY2023Q1	phm	Interestpaidcapitalizednet Interestpaidcapitalizednet	6205000	usd
CY2024Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1015000	usd
CY2023Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	209000	usd
CY2024Q1	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>
CY2024Q1	phm	Write Off Of Deposits And Pre Acquisition Costs WriteOffOfDepositsAndPreAcquisitionCosts	3990000	usd
CY2023Q1	phm	Write Off Of Deposits And Pre Acquisition Costs WriteOffOfDepositsAndPreAcquisitionCosts	5683000	usd
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2540000	usd
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2670000	usd
CY2024Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-64000	usd
CY2023Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2024Q1	us-gaap	Interest Income Other InterestIncomeOther	17379000	usd
CY2023Q1	us-gaap	Interest Income Other InterestIncomeOther	7096000	usd
CY2024Q1	us-gaap	Interest Expense Other InterestExpenseOther	115000	usd
CY2023Q1	us-gaap	Interest Expense Other InterestExpenseOther	107000	usd
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	6013000	usd
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	3182000	usd
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	16683000	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	1818000	usd
CY2024Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	698800000	usd
CY2023Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	675100000	usd
CY2024Q1	phm	Contractassetinsurancerenewals Contractassetinsurancerenewals	77800000	usd
CY2023Q4	phm	Contractassetinsurancerenewals Contractassetinsurancerenewals	74000000	usd
CY2024Q1	us-gaap	Loans Held For Sale Fair Value Disclosure LoansHeldForSaleFairValueDisclosure	570800000	usd
CY2023Q4	us-gaap	Loans Held For Sale Fair Value Disclosure LoansHeldForSaleFairValueDisclosure	516100000	usd
CY2024Q1	us-gaap	Inventory Real Estate Mortgage Loans Held In Inventory InventoryRealEstateMortgageLoansHeldInInventory	573700000	usd
CY2023Q4	us-gaap	Inventory Real Estate Mortgage Loans Held In Inventory InventoryRealEstateMortgageLoansHeldInInventory	508500000	usd
CY2024Q1	us-gaap	Gain Loss On Sale Of Mortgage Loans GainLossOnSaleOfMortgageLoans	50600000	usd
CY2023Q1	us-gaap	Gain Loss On Sale Of Mortgage Loans GainLossOnSaleOfMortgageLoans	20600000	usd
CY2024Q1	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>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. Our
CY2024Q1	us-gaap	Maximum Length Of Time Hedged In Cash Flow Hedge1 MaximumLengthOfTimeHedgedInCashFlowHedge1	P90D
CY2024Q1	us-gaap	Derivative Instruments In Hedges Assets At Fair Value DerivativeInstrumentsInHedgesAssetsAtFairValue	8308000	usd
CY2024Q1	us-gaap	Derivative Instruments In Hedges Liabilities At Fair Value DerivativeInstrumentsInHedgesLiabilitiesAtFairValue	15927000	usd
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
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	532259000	usd
CY2023Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	126000	usd
CY2023Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	2148000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	529985000	usd
CY2023Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	2148000	usd
CY2023Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	2135000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	529998000	usd
CY2024Q1	us-gaap	Inventory Homes Under Construction InventoryHomesUnderConstruction	5589782000	usd
CY2023Q4	us-gaap	Inventory Homes Under Construction InventoryHomesUnderConstruction	5262850000	usd
CY2024Q1	us-gaap	Land Available For Development LandAvailableForDevelopment	5865321000	usd
CY2023Q4	us-gaap	Land Available For Development LandAvailableForDevelopment	5805993000	usd
CY2024Q1	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	546215000	usd
CY2023Q4	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	606005000	usd
CY2024Q1	phm	Inventory Real Estate Not Owned InventoryRealEstateNotOwned	105894000	usd
CY2023Q4	phm	Inventory Real Estate Not Owned InventoryRealEstateNotOwned	120522000	usd
CY2024Q1	us-gaap	Inventory Operative Builders InventoryOperativeBuilders	12107212000	usd
CY2023Q4	us-gaap	Inventory Operative Builders InventoryOperativeBuilders	11795370000	usd
CY2023Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	139078000	usd
CY2022Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	137262000	usd
CY2024Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	30620000	usd
CY2023Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	31802000	usd
CY2024Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	21597000	usd
CY2023Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	27793000	usd
CY2024Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	148101000	usd
CY2023Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	141271000	usd
CY2024Q1	us-gaap	Purchase Options Land PurchaseOptionsLand	792800000	usd
CY2024Q1	phm	Remaining Purchase Price Of All Land Option Agreements RemainingPurchasePriceOfAllLandOptionAgreements	6679602000	usd
CY2023Q4	us-gaap	Purchase Options Land PurchaseOptionsLand	704209000	usd
CY2023Q4	phm	Remaining Purchase Price Of All Land Option Agreements RemainingPurchasePriceOfAllLandOptionAgreements	6448124000	usd
CY2024Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	6	segment
CY2024Q1	us-gaap	Revenues Revenues	3949160000	usd
CY2023Q1	us-gaap	Revenues Revenues	3575641000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	868643000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	702122000	usd
CY2024Q1	us-gaap	Equity Method Investment Realized Gain Loss On Disposal EquityMethodInvestmentRealizedGainLossOnDisposal	37700000	usd
CY2024Q1	us-gaap	Production Related Impairments Or Charges ProductionRelatedImpairmentsOrCharges	4018000	usd
CY2023Q1	us-gaap	Production Related Impairments Or Charges ProductionRelatedImpairmentsOrCharges	5683000	usd
CY2024Q1	us-gaap	Inventory Homes Under Construction InventoryHomesUnderConstruction	5589782000	usd
CY2024Q1	us-gaap	Land Available For Development LandAvailableForDevelopment	5865321000	usd
CY2024Q1	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	546215000	usd
CY2024Q1	phm	Inventory Real Estate Not Owned InventoryRealEstateNotOwned	105894000	usd
CY2024Q1	us-gaap	Inventory Operative Builders InventoryOperativeBuilders	12107212000	usd
CY2024Q1	us-gaap	Assets Assets	16496230000	usd
CY2023Q4	us-gaap	Inventory Homes Under Construction InventoryHomesUnderConstruction	5262850000	usd
CY2023Q4	us-gaap	Land Available For Development LandAvailableForDevelopment	5805993000	usd
CY2023Q4	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	606005000	usd
CY2023Q4	phm	Inventory Real Estate Not Owned InventoryRealEstateNotOwned	120522000	usd
CY2023Q4	us-gaap	Inventory Operative Builders InventoryOperativeBuilders	11795370000	usd
CY2023Q4	us-gaap	Assets Assets	16087050000	usd
CY2024Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	7693000	usd
CY2023Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	8047000	usd
CY2024Q1	us-gaap	Senior Notes SeniorNotes	1881451000	usd
CY2023Q4	us-gaap	Senior Notes SeniorNotes	1891252000	usd
CY2024Q1	us-gaap	Other Notes Payable OtherNotesPayable	75403000	usd
CY2023Q4	us-gaap	Other Notes Payable OtherNotesPayable	70966000	usd
CY2023Q4	us-gaap	Other Notes Payable OtherNotesPayable	70966000	usd
CY2024Q1	us-gaap	Notes Payable NotesPayable	1956854000	usd
CY2023Q4	us-gaap	Notes Payable NotesPayable	1962218000	usd
CY2024Q1	us-gaap	Notes Payable Fair Value Disclosure NotesPayableFairValueDisclosure	2045752000	usd
CY2023Q4	us-gaap	Notes Payable Fair Value Disclosure NotesPayableFairValueDisclosure	2080187000	usd
CY2024Q1	us-gaap	Line Of Credit Facility Current Borrowing Capacity LineOfCreditFacilityCurrentBorrowingCapacity	1300000000	usd
CY2024Q1	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	1800000000	usd
CY2024Q1	us-gaap	Line Of Credit LineOfCredit	0	usd
CY2024Q1	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	298600000	usd
CY2024Q1	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	951400000	usd
CY2023Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	312700000	usd
CY2023Q4	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	937300000	usd
CY2024Q1	us-gaap	Dividends Dividends	42600000	usd
CY2023Q1	us-gaap	Dividends Dividends	36100000	usd
CY2024Q1	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	1500000000	usd
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.237
CY2023Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.242
CY2024Q1	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	274800000	usd
CY2023Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	237400000	usd
CY2024Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	58200000	usd
CY2023Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	58200000	usd
CY2024Q1	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	7000000	usd
CY2023Q4	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	6300000	usd
CY2024Q1	us-gaap	Other Notes Payable OtherNotesPayable	75403000	usd
CY2023Q4	us-gaap	Other Notes Payable OtherNotesPayable	70966000	usd
CY2023Q4	us-gaap	Other Notes Payable OtherNotesPayable	70966000	usd
CY2023Q4	us-gaap	Self Insurance Reserve SelfInsuranceReserve	563100000	usd
CY2024Q1	phm	Incurred But Not Reported Percentage Of Liability Reserves IncurredButNotReportedPercentageOfLiabilityReserves	0.77
CY2023Q4	phm	Incurred But Not Reported Percentage Of Liability Reserves IncurredButNotReportedPercentageOfLiabilityReserves	0.77
CY2024Q1	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	298600000	usd
CY2024Q1	phm	Surety Bonds Outstanding SuretyBondsOutstanding	2600000000	usd
CY2023Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	312700000	usd
CY2023Q4	phm	Surety Bonds Outstanding SuretyBondsOutstanding	2400000000	usd
CY2024Q1	phm	Comprehensive Limited Warranty Against Building Defects ComprehensiveLimitedWarrantyAgainstBuildingDefects	P1Y
CY2024Q1	phm	Maximum Product Warranty In Years MaximumProductWarrantyInYears	P10Y
CY2023Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	120393000	usd
CY2022Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	108348000	usd
CY2024Q1	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	26741000	usd
CY2023Q1	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	20371000	usd
CY2024Q1	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	24834000	usd
CY2023Q1	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	24134000	usd
CY2024Q1	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	442000	usd
CY2023Q1	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	1395000	usd
CY2024Q1	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	122742000	usd
CY2023Q1	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	105980000	usd
CY2024Q1	us-gaap	Self Insurance Reserve SelfInsuranceReserve	547600000	usd
CY2023Q4	us-gaap	Self Insurance Reserve SelfInsuranceReserve	563103000	usd
CY2022Q4	us-gaap	Self Insurance Reserve SelfInsuranceReserve	635857000	usd
CY2024Q1	phm	Additions To Self Insurance Reserves AdditionsToSelfInsuranceReserves	19966000	usd
CY2023Q1	phm	Additions To Self Insurance Reserves AdditionsToSelfInsuranceReserves	24121000	usd
CY2024Q1	us-gaap	Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve	-26845000	usd
CY2023Q1	us-gaap	Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve	-564000	usd
CY2024Q1	us-gaap	Payments For Losses And Loss Adjustment Expense PaymentsForLossesAndLossAdjustmentExpense	8603000	usd
CY2023Q1	us-gaap	Payments For Losses And Loss Adjustment Expense PaymentsForLossesAndLossAdjustmentExpense	6669000	usd
CY2024Q1	us-gaap	Self Insurance Reserve SelfInsuranceReserve	547621000	usd
CY2023Q1	us-gaap	Self Insurance Reserve SelfInsuranceReserve	652745000	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	76500000	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	90300000	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	77400000	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	91600000	usd
CY2024Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	3700000	usd
CY2023Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	3900000	usd
CY2024Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	5900000	usd
CY2023Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	5400000	usd
CY2024Q1	us-gaap	Lease Cost LeaseCost	15000000	usd
CY2023Q1	us-gaap	Lease Cost LeaseCost	14200000	usd
CY2024Q1	us-gaap	Variable Lease Cost VariableLeaseCost	3600000	usd
CY2023Q1	us-gaap	Variable Lease Cost VariableLeaseCost	3000000	usd
CY2024Q1	us-gaap	Short Term Lease Cost ShortTermLeaseCost	4800000	usd
CY2023Q1	us-gaap	Short Term Lease Cost ShortTermLeaseCost	4200000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	21115000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	22392000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	16542000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	12968000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	10381000	usd
CY2024Q1	phm	Lessee Operating Lease Liabilitytobe Paidafter Year Four LesseeOperatingLeaseLiabilitytobePaidafterYearFour	16151000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	99549000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	9257000	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	90292000	usd
CY2024Q1	phm	Lessee Operating Lease Lease Not Yet Commenced Liability LesseeOperatingLeaseLeaseNotYetCommencedLiability	33600000	usd
CY2024Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y
CY2024Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.040
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false

Files In Submission

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PULTEGROUP INC/MI/ Stock $phm

2024 Q2 Form 10-Q Financial Statement

#000082241624000016 Filed on April 23, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PHM PULTEGROUP INC/MI/ Stock $phm

2024 Q2 Form 10-Q Financial Statement

#000082241624000016 Filed on April 23, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PHM
PULTEGROUP INC/MI/ Stock $phm