Pultegroup inc/mi/ (PHM)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

203,711

335,798

273,104

241,041

166,757

237,648

289,534

324,090

170,751

77,414

177,539

100,750

91,518

273,173

128,470

117,760

83,300

228,028

107,767

103,324

54,971

217,094

140,545

41,880

74,819

220,053

2,281,884

36,417

81,762

58,742

116,633

42,436

-11,666

13,821

-129,298

-55,385

-39,526

-165,428

-995,116

76,303

-12,488

Adjustments to reconcile net income to net cash from operating activities:
Deferred income tax expense

19,955

-189,190

32,294

26,768

24,690

-593,112

103,344

103,512

23,479

-550,163

47,015

41,615

39,226

-533,761

81,191

67,757

50,026

-483,063

68,305

62,254

40,805

-388,229

79,432

32,942

52,086

4,205,181

-2,108,756

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Land-related charges

9,729

9,552

10,739

3,831

2,979

85,473

8,132

2,422

3,419

60,659

2,146

125,573

3,535

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,572

3,405

3,322

5,896

24,367

3,933

6,760

726

121,895

59,234

27,671

5,644

Goodwill, Impairment Loss

20,190

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

15,149

13,697

13,805

13,287

13,210

12,712

12,556

12,271

11,890

12,309

12,666

12,814

13,209

13,789

13,513

13,592

13,113

12,503

11,866

10,791

11,062

11,000

9,960

9,962

8,942

8,453

8,050

7,745

7,339

7,749

7,450

7,435

7,393

7,469

7,656

8,003

8,970

10,730

10,574

11,470

12,886

Share-based compensation expense

11,479

6,979

4,085

8,285

9,019

6,769

5,359

7,711

8,451

7,178

5,634

6,710

14,161

2,415

2,907

7,551

9,355

4,613

5,485

6,374

8,280

8,002

4,493

8,275

8,522

8,910

5,805

8,624

7,141

8,529

5,482

5,167

3,719

2,526

3,039

5,895

5,510

4,601

10,995

8,376

8,109

Equity in earnings of unconsolidated entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

281

1,311

5,891

-

785

395

-898

223

284

1,556

1,996

1,297

-303

1,193

1,109

1,167

-3,704

5,542

-94

Distributions of earnings from unconsolidated entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47

24

4,753

-

395

1,033

265

265

1,441

2,264

3,518

2,041

4,602

29

411

-

-

-

-

Loss on debt retirements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-8,584

0

-3,858

-23,072

0

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

903

1,412

97

-2,703

39

222

663

2,010

793

351

-98

2,091

-555

2,879

-5,225

5,179

-4,447

16,165

-1,981

-4,509

-4,810

10,777

-1,562

-3,393

-3,256

2,020

-3,328

-5,951

-3,035

-5,102

-4,404

-429

-421

-9,447

-1,585

-375

-781

-5,880

-8,789

1,188

1,942

Increase (decrease) in cash due to:
Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,767

2,840

1,686

-

-37

-164

890

-1,733

-369

-425

-860

-2,223

-249

1,268

-53

-5,250

-383

557

-864

-8,361

3,961

-1,676

-1,699

Inventories

189,364

-189,442

27,663

139,655

259,865

-213,372

-17,628

44,193

237,169

-188,976

271,613

219,379

267,014

-203,081

289,756

428,507

381,910

82,022

349,600

254,683

230,993

-46,632

134,710

181,049

68,812

-176,024

-56,120

66,840

-99,760

-294,250

-88,751

-26,253

-45,969

-229,122

-6,733

170,649

10,315

-36,868

96,070

-130,903

100,455

Residential mortgage loans available-for-sale

-145,113

125,074

40,161

17,243

-134,217

111,570

-19,277

-14,476

-185,147

206,157

-205

21,174

-194,117

192,176

-14,189

73,426

-151,886

172,990

1,742

49,853

-119,976

103,334

15,072

11,685

-76,357

-6,481

59,369

-609

-80,727

55,553

29,043

50,305

-74,073

84,295

25,408

4,702

-32,292

21,400

-79,966

74,692

-8,135

Other assets

3,534

19,271

27,447

32,940

-64,533

42,057

37,939

-25,068

9,246

-32,979

-6,811

6,549

-21,858

57,223

-27,008

-9,627

25,133

44,868

73,228

53,224

3,830

33,447

-2,907

29,527

-13,818

8,201

-2,618

32,237

370

-27,626

13,632

-2,081

-9,939

-74,269

-14,503

-14,316

-79,383

-891,687

-35,804

24,050

-66,864

Accounts payable, accrued and other liabilities

-26,910

58,441

38,411

40,728

3,404

-99,876

50,170

-64,778

13,084

-56,857

95,652

98,254

-71,362

-8,046

28,190

23,114

31,999

-186,885

184,137

7,642

-28,792

-112,748

35,563

122,482

-83,943

-107,834

30,144

76,258

-8,795

-43,030

35,033

63,265

-34,466

-89,761

1,663

21,488

-122,825

-297,483

215,093

-6,049

-99,073

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,552

-104,544

-764,011

Income tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,070

-12,664

-205

-

-3,776

3,783

-2,002

-3,415

-10,197

-2,673

11,837

-17,815

-70,874

2,397

-4,803

-23,904

19,880

-82,688

20,199

Net cash provided by (used in) operating activities

204,615

494,765

277,070

146,805

158,905

434,767

467,398

378,569

169,013

410,601

76,153

136,523

39,803

374,776

13,600

-257,189

-62,917

-92,691

-53,796

-165,706

-25,397

106,046

127,553

-17,114

91,396

326,186

219,885

64,445

270,620

338,908

209,692

96,850

114,690

177,245

59,361

-169,686

-49,641

-206,462

-51,481

172,500

677,567

Cash flows from investing activities:
Net change in loans held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

401

6,390

12,501

-218

-8

-10

-100

-109

-334

-293

124

70

-264

-255

-2,705

-10,429

1,094

-563

Change in restricted cash related to letters of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-76,567

26,175

1,991

5,027

3,347

291

-4,513

-2,557

-9,816

-4,342

-11,938

-6,186

-14,555

-5,727

109,667

-

-

-

-

Proceeds from the sale of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75

23

-

0

-50

59

2,881

78

152

4,475

1,106

271

6,737

2,441

540

172

592

476

Capital expenditures

20,139

14,957

13,587

13,505

16,070

12,510

13,470

17,631

15,428

8,503

6,656

6,896

9,996

8,744

9,507

11,584

9,460

11,391

10,934

8,598

14,517

6,902

8,867

15,156

17,865

10,545

7,337

5,639

5,378

3,345

3,600

3,239

3,758

6,076

4,314

4,720

6,128

3,532

2,949

5,373

3,325

Investments in unconsolidated entities

5,837

1,000

3,851

3,375

1,289

0

0

0

1,000

1,030

4,175

3,030

14,802

490

280

235

13,534

-

-

-

-

-

-

0

9

-

250

214

593

15,190

408

809

49

854

565

1,216

1,968

224

3,047

18,402

1,217

Distributions from unconsolidated entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,192

6,385

-

0

0

200

333

0

2,696

0

143

532

2,835

1,021

338

200

851

2,842

Payments to Acquire Businesses, Net of Cash Acquired

-

-

0

163,724

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business acquisition

-

-

-

-

-

-

-

-

-

-

-

-

0

0

433

14

430,011

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investing activities, net

-1,706

-120

-417

-4,301

-291

-2,552

-8,630

-6,463

-452

942

-2,645

-1,720

-1,423

-7,627

0

-4,220

-1,253

2,339

981

-10,018

-4,632

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-95,796

-15,837

-17,021

-176,303

-17,068

-9,958

-4,840

-11,168

-15,976

-10,475

-8,186

-8,206

-23,375

-1,607

-10,220

-7,613

-451,752

-14,184

-11,915

1,420

-9,885

-53,017

-9,284

-40,465

-19,847

-27,886

-10,716

-6,186

-1,189

-12,664

5,995

3,476

12,899

381

10,409

9,627

-114,046

-173

4,805

-23,426

-661

Cash flows from financing activities:
Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-24

1,009,877

-5,491

991,575

0

498,087

0

0

0

240,133

9,880

-250,013

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of notes payable

9,245

12,574

108

293,698

3,605

120

223

81,981

451

127,746

4,848

1,086

1,067

1,185

500,760

484,272

702

673

526

237,994

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under revolving credit facility

700,000

0

0

0

0

0

0

798,000

768,000

1,749,000

861,000

110,000

0

0

261,000

138,000

220,000

0

125,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under revolving credit facility

-

-

-

-

-

0

0

798,000

768,000

1,832,000

778,000

110,000

0

0

261,000

138,000

220,000

0

125,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financial Services borrowings (repayments)

-56,573

77,211

15,174

12,047

-126,273

97,678

-13,310

17,091

-190,852

191,980

92,121

13,322

-191,240

172,827

-30,763

70,943

-149,263

160,369

-11,763

51,708

-72,678

68,647

13,088

22,670

-69,828

-9,434

55,232

3,235

-82,164

35,795

103,000

0

0

-

-

-

-

0

-75,402

16,758

40,250

Other borrowings (repayments)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

213

-

92,893

1,520

-1,920

252,782

-480

55,519

13,312

934,502

-49

1,334

130

Stock option exercises

50

31

1,160

3,763

1,445

1,093

995

1,744

2,723

4,955

6,799

4,848

11,118

0

5,103

690

52

164

3,149

626

6,596

9,593

245

494

5,295

862

5

11,007

7,537

5,377

27,432

0

0

-

-

-

-

0

51

528

8,089

Payments for Repurchase of Common Stock

95,676

29,945

125,564

93,825

24,999

122,506

59,569

53,000

59,491

244,519

259,993

300,297

105,522

252,360

250,040

48,061

52,745

0

120,672

214,111

107,955

97,879

51,429

53,606

50,105

37,721

83,493

20

6,427

0

53

63

845

815

65

987

969

908

1,366

52

1,697

Cash paid for shares withheld for taxes

14,838

-

-

-

10,350

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

32,740

30,115

30,615

30,818

30,802

25,736

25,900

26,037

26,347

26,730

27,804

29,112

29,102

30,368

31,279

31,451

31,568

28,061

28,772

29,509

29,616

18,702

18,792

19,087

19,065

19,065

19,317

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

490,978

3,884

-150,679

-392,181

-194,584

-50,121

-105,461

-150,273

-274,418

-291,055

-110,725

-312,325

-315,813

-111,110

202,138

-497,642

757,349

131,799

339,503

-429,280

-203,653

-38,341

-67,386

-39,649

-383,716

-67,965

-71,843

-438,515

-81,267

-485,135

37,486

-1,583

1,075

-253,597

415

-56,506

-14,281

-935,410

-76,668

15,900

46,512

Net increase (decrease) in cash, cash equivalents, and restricted cash

599,797

482,812

109,370

-421,679

-52,747

374,688

357,097

217,128

-121,381

109,071

-42,758

-184,008

-299,385

262,059

205,518

-762,444

242,680

24,924

273,792

-593,566

-238,935

14,688

50,883

-97,228

-312,167

230,335

137,326

-380,256

188,164

-158,891

253,173

98,743

128,664

-75,971

70,185

-216,565

-177,968

-1,142,045

-123,344

164,974

723,418

Supplemental Cash Flow Information:
Interest paid (capitalized), net

14,019

-13,964

14,009

-11,604

17,164

-16,190

17,134

-30,496

30,109

-12,458

13,875

-15,189

12,830

-37,862

-3,347

37,795

-23,124

-24,497

18,393

-19,501

21,412

-27,797

22,908

19,884

-19,556

18,133

-20,613

25,404

-23,095

26,602

-22,232

16,968

-22,808

19,834

-23,542

17,918

-23,833

31,238

-17,283

-6,575

10,987

Income taxes paid (refunded), net

5,540

76,790

47,711

43,468

-30,850

660

11,467

76,446

631

-2,331

28,186

-12,023

1,043

2,817

5,383

-6,669

1,212

-6,394

2,425

312

-1,997

-

-

-

-8,253

1,165

1,679

555

-3,026

-421

-1,145

-614

-11,142

-56,502

-1,814

-929

-2,922

-56,681

5,507

-103,879

-786,230