PulteGroup Inc. (PHM) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
3350 PEACHTREE ROAD NORTHEAST ATLANTA, GA 30326 |
| State of Incorp. | MI |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1531 - Operative Builders (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,807 | 1,053 | 1,779 | 2,582 | 1,218 | 1,110 | |||
| Cash and cash equivalents | 1,807 | 1,053 | 1,779 | 2,582 | 1,218 | 1,110 | |||
| Receivables | 6 | 41 | |||||||
| Total current assets: | 1,807 | 1,053 | 1,779 | 2,582 | 1,224 | 1,151 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 77 | 73 | 74 | 71 | 70 | ✕ | |||
| Inventory, real estate | 12,328 | 12,049 | 10,001 | 8,289 | 8,199 | 7,734 | |||
| Property, plant and equipment | 221 | 200 | 149 | 132 | 112 | 93 | |||
| Long-term investments and receivables | 167 | 147 | 98 | 36 | 60 | 55 | |||
| Long-term investments | 167 | 147 | 98 | 36 | 60 | 55 | |||
| Intangible assets, net (including goodwill) | 125 | 136 | 147 | 163 | 125 | 127 | |||
| Goodwill | 69 | ||||||||
| Intangible assets, net (excluding goodwill) | 56 | 136 | 147 | 163 | 125 | 127 | |||
| Deferred income tax assets | 65 | 82 | 139 | 136 | ✕ | ||||
| Total noncurrent assets: | 12,984 | 12,687 | 10,609 | 8,827 | 8,565 | 8,009 | |||
| Other undisclosed assets | 1,297 | 1,056 | 965 | 796 | 926 | 1,013 | |||
| TOTAL ASSETS: | 16,087 | 14,797 | 13,353 | 12,205 | 10,716 | 10,173 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 117 | 88 | 87 | 85 | 52 | 54 | |||
| Total current liabilities: | 117 | 88 | 87 | 85 | 52 | 54 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 302 | 215 | 166 | 104 | |||||
| Deferred income tax liabilities | 302 | 215 | 166 | 104 | ✕ | ||||
| Total noncurrent liabilities: | 302 | 215 | 166 | 104 | |||||
| Other undisclosed liabilities | 5,284 | 5,579 | 5,610 | 5,447 | 5,206 | 5,301 | |||
| Total liabilities: | 5,704 | 5,882 | 5,863 | 5,636 | 5,257 | 5,355 | |||
| Equity | |||||||||
| Equity, attributable to parent | 10,383 | 8,914 | 7,490 | 6,570 | 5,458 | 4,818 | |||
| Common stock | 2 | 2 | 2 | 3 | 3 | 3 | |||
| Additional paid in capital | 3,368 | 3,330 | 3,291 | 3,261 | 3,235 | 3,201 | |||
| Accumulated other comprehensive loss | (0) | (0) | (0) | (0) | |||||
| Retained earnings | 7,013 | 5,582 | 4,196 | 3,306 | 2,221 | 1,614 | |||
| Other undisclosed equity, attributable to parent | |||||||||
| Total equity: | 10,383 | 8,914 | 7,490 | 6,570 | 5,458 | 4,818 | |||
| TOTAL LIABILITIES AND EQUITY: | 16,087 | 14,797 | 13,353 | 12,205 | 10,716 | 10,173 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 16,062 | 16,229 | 13,927 | 11,036 | 10,213 | 10,188 | ||
| Cost of revenue | (43) | (67) | (12) | (20) | (27) | (99) | ||
| Cost of goods and services sold | (43) | (67) | (12) | (20) | (27) | (99) | ||
| Other cost of operating revenue | ||||||||
| Gross profit: | 16,018 | 16,162 | 13,915 | 11,016 | 10,186 | 10,089 | ||
| Operating expenses | (1,313) | (1,381) | (1,209) | (1,032) | (1,044) | (1,012) | ||
| Operating income: | 14,706 | 14,781 | 12,706 | 9,984 | 9,142 | 9,077 | ||
| Nonoperating income (expense) | 37 | (14) | (2) | (18) | (13) | (14) | ||
| Other nonoperating income (expense) | 10 | (5) | (2) | (18) | (13) | (14) | ||
| Interest and debt expense | 1 | (0) | (61) | (4) | (5) | (1) | ||
| Income from continuing operations before equity method investments, income taxes: | 14,744 | 14,767 | 12,642 | 9,962 | 9,123 | 9,062 | ||
| Income from equity method investments | 5 | |||||||
| Income from continuing operations before income taxes: | 14,748 | 14,767 | 12,642 | 9,962 | 9,123 | 9,062 | ||
| Income tax expense | (847) | (822) | (564) | (322) | (323) | (326) | ||
| Income from continuing operations: | 13,901 | 13,945 | 12,078 | 9,640 | 8,800 | 8,737 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 12,078 | 9,640 | 8,800 | 8,737 | |
| Net income: | 13,901 | 13,945 | 12,078 | 9,640 | 8,800 | 8,737 | ||
| Other undisclosed net loss attributable to parent | (11,299) | (11,328) | (10,132) | (8,233) | (7,784) | (7,715) | ||
| Net income attributable to parent: | 2,602 | 2,617 | 1,946 | 1,407 | 1,017 | 1,022 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (9) | (15) | (15) | (11) | (9) | (10) | ||
| Other undisclosed net loss available to common stockholders, basic | (1) | (1) | (1) | (1) | (1) | (1) | ||
| Net income available to common stockholders, basic: | 2,593 | 2,601 | 1,930 | 1,394 | 1,006 | 1,011 | ||
| Other undisclosed net income available to common stockholders, diluted | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Net income available to common stockholders, diluted: | 2,593 | 2,601 | 1,930 | 1,394 | 1,006 | 1,011 | ||
Comprehensive Income ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 13,901 | 13,945 | 12,078 | 9,640 | 8,800 | 8,737 | ||
| Other comprehensive income | 0 | 0 | 0 | 0 | 0 | |||
| Comprehensive income: | 13,901 | 13,945 | 12,079 | 9,640 | 8,800 | 8,737 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (11,299) | (11,328) | (10,132) | (8,233) | (7,784) | (7,715) | ||
| Comprehensive income, net of tax, attributable to parent: | 2,602 | 2,617 | 1,946 | 1,407 | 1,017 | 1,022 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.