Pultegroup inc/mi/ (PHM)
CashFlow / TTM
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

1,053,654

1,016,700

918,550

934,980

1,018,029

1,022,023

861,789

749,794

526,454

447,221

642,980

593,911

610,921

602,703

557,558

536,855

522,419

494,090

483,156

515,934

454,490

474,338

477,297

2,618,636

2,613,173

2,620,116

2,458,805

293,554

299,573

206,145

161,224

-84,707

-182,528

-210,388

-389,637

-1,255,455

-1,123,767

-1,096,729

0

0

0

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

-110,173

-105,438

-509,360

-438,310

-361,566

-362,777

-319,828

-376,157

-438,054

-422,307

-405,905

-371,729

-345,587

-334,787

-284,089

-296,975

-302,478

-311,699

-216,865

-205,738

-235,050

-223,769

4,369,641

2,181,453

2,148,511

2,096,425

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Land-related charges

33,851

27,101

103,022

100,415

99,006

99,446

74,632

68,646

191,797

191,913

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,195

36,990

37,518

40,956

35,786

133,314

188,615

209,526

214,444

0

0

0

Goodwill, Impairment Loss

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

55,938

53,999

53,014

51,765

50,749

49,429

49,026

49,136

49,679

50,998

52,478

53,325

54,103

54,007

52,721

51,074

48,273

46,222

44,719

42,813

41,984

39,864

37,317

35,407

33,190

31,587

30,883

30,283

29,973

30,027

29,747

29,953

30,521

32,098

35,359

38,277

41,744

45,660

0

0

0

Share-based compensation expense

30,828

28,368

28,158

29,432

28,858

28,290

28,699

28,974

27,973

33,683

28,920

26,193

27,034

22,228

24,426

27,004

25,827

24,752

28,141

27,149

29,050

29,292

30,200

31,512

31,861

30,480

30,099

29,776

26,319

22,897

16,894

14,451

15,179

16,970

19,045

27,001

29,482

32,081

0

0

0

Equity in earnings of unconsolidated entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

505

4

1,165

4,059

5,133

4,546

4,183

3,296

3,166

-235

4,114

2,911

0

0

0

Distributions of earnings from unconsolidated entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

1,958

3,004

4,235

7,488

9,264

12,425

10,190

7,083

0

0

0

-

-

-

-

Loss on debt retirements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,584

-8,584

-12,442

-35,514

-26,930

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-291

-1,155

-2,345

-1,779

2,934

3,688

3,817

3,056

3,137

1,789

4,317

-810

2,278

-1,614

11,672

14,916

5,228

4,865

-523

-104

1,012

2,566

-6,191

-7,957

-10,515

-10,294

-17,416

-18,492

-12,970

-10,356

-14,701

-11,882

-11,828

-12,188

-8,621

-15,825

-14,262

-11,539

0

0

0

Increase (decrease) in cash due to:
Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-1,044

-1,376

-1,637

-3,387

-3,877

-3,757

-2,064

-1,257

-4,284

-4,418

-5,129

-5,940

-9,051

-4,707

-6,940

-7,775

0

0

0

Inventories

167,240

237,741

213,811

168,520

73,058

50,362

74,758

363,999

539,185

569,030

554,925

573,068

782,196

897,092

1,182,195

1,242,039

1,068,215

917,298

788,644

573,754

500,120

337,939

208,547

17,717

-96,492

-265,064

-383,290

-415,921

-509,014

-455,223

-390,095

-308,077

-111,175

-54,891

137,363

240,166

-61,386

28,754

0

0

0

Residential mortgage loans available-for-sale

37,365

48,261

34,757

-24,681

-56,400

-107,330

-12,743

6,329

41,979

33,009

19,028

5,044

57,296

99,527

80,341

96,272

72,699

104,609

34,953

48,283

10,115

53,734

-56,081

-11,784

-24,078

-28,448

33,586

3,260

54,174

60,828

89,570

85,935

40,332

82,113

19,218

-86,156

-16,166

7,991

0

0

0

Other assets

83,192

15,125

37,911

48,403

-9,605

64,174

-10,862

-55,612

-23,995

-55,099

35,103

14,906

-1,270

45,721

33,366

133,602

196,453

175,150

163,729

87,594

63,897

46,249

21,003

21,292

24,002

38,190

2,363

18,613

-15,705

-26,014

-72,657

-100,792

-113,027

-182,471

-999,889

-1,021,190

-982,824

-970,305

0

0

0

Accounts payable, accrued and other liabilities

110,670

140,984

-17,333

-5,574

-111,080

-101,400

-58,381

-12,899

150,133

65,687

114,498

47,036

-28,104

75,257

-103,582

52,365

36,893

-23,898

50,239

-98,335

16,505

-38,646

-33,732

-39,151

-85,375

-10,227

54,577

59,466

46,473

20,802

-25,929

-59,299

-101,076

-189,435

-397,157

-183,727

-211,264

-187,512

0

0

0

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Income tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-5,410

-11,831

-18,287

-4,448

-18,848

-79,525

-74,455

-91,095

-97,184

-6,430

-91,515

-66,513

0

0

0

Net cash provided by (used in) operating activities

1,123,255

1,077,545

1,017,547

1,207,875

1,439,639

1,449,747

1,425,581

1,034,336

792,290

663,080

627,255

564,702

170,990

68,270

-399,197

-466,593

-375,110

-337,590

-138,853

42,496

191,088

307,881

528,021

620,353

701,912

881,136

893,858

883,665

916,070

760,140

598,477

448,146

181,610

17,279

-366,428

-477,270

-135,084

592,124

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,074

18,665

12,265

-336

-227

-553

-836

-612

-433

-363

-325

-3,154

-13,653

-12,295

-12,603

0

0

0

Change in restricted cash related to letters of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-43,374

36,540

10,656

4,152

-3,432

-16,595

-21,228

-28,653

-32,282

-37,021

-38,406

83,199

0

0

0

-

-

-

-

Proceeds from the sale of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

2,890

2,968

3,170

7,586

5,811

6,004

12,589

10,555

9,989

9,890

3,745

1,780

0

0

0

Capital expenditures

62,188

58,119

55,672

55,555

59,681

59,039

55,032

48,218

37,483

32,051

32,292

35,143

39,831

39,295

41,942

43,369

40,383

45,440

40,951

38,884

45,442

48,790

52,433

50,903

41,386

28,899

21,699

17,962

15,562

13,942

16,673

17,387

18,868

21,238

18,694

17,329

17,982

15,179

0

0

0

Investments in unconsolidated entities

14,063

9,515

8,515

4,664

1,289

1,000

2,030

6,205

9,235

23,037

22,497

18,602

15,807

14,539

0

0

0

-

-

-

-

-

-

0

0

-

16,247

16,405

17,000

16,456

2,120

2,277

2,684

4,603

3,973

6,455

23,641

22,890

0

0

0

Distributions from unconsolidated entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

533

533

3,229

3,029

2,839

3,371

3,510

4,531

4,726

4,394

2,410

4,231

0

0

0

Payments to Acquire Businesses, Net of Cash Acquired

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business acquisition

-

-

-

-

-

-

-

-

-

-

-

-

447

430,458

430,458

430,025

430,011

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investing activities, net

-6,544

-5,129

-7,561

-15,774

-17,936

-18,097

-14,603

-8,618

-3,875

-4,846

-13,415

-10,770

-13,270

-13,100

-3,134

-2,153

-7,951

-11,330

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-304,957

-226,229

-220,350

-208,169

-43,034

-41,942

-42,459

-45,805

-42,843

-50,242

-41,374

-43,408

-42,815

-471,192

-483,769

-485,464

-476,431

-34,564

-73,397

-70,766

-112,651

-122,613

-97,482

-98,914

-64,635

-45,977

-30,755

-14,044

-4,382

9,706

22,751

27,165

33,316

-93,629

-94,183

-99,787

-132,840

-19,455

0

0

0

Cash flows from financing activities:
Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

1,995,937

1,995,961

1,484,171

1,489,662

498,087

498,087

240,133

250,013

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of notes payable

315,625

309,985

297,531

297,646

85,929

82,775

210,401

215,026

134,131

134,747

8,186

504,098

987,284

986,919

986,407

486,173

239,895

239,193

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under revolving credit facility

700,000

0

0

0

798,000

1,566,000

3,315,000

4,176,000

3,488,000

2,720,000

971,000

371,000

399,000

619,000

619,000

483,000

345,000

125,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under revolving credit facility

-

-

-

-

-

1,566,000

3,398,000

4,176,000

3,488,000

2,720,000

888,000

371,000

399,000

619,000

619,000

483,000

345,000

125,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financial Services borrowings (repayments)

47,859

-21,841

-1,374

-29,858

-24,814

-89,393

4,909

110,340

106,571

106,183

87,030

-35,854

21,767

63,744

51,286

70,286

51,051

127,636

35,914

60,765

31,727

34,577

-43,504

-1,360

-20,795

-33,131

12,098

59,866

56,631

138,795

0

0

0

-

-

-

-

-18,394

0

0

0

Other borrowings (repayments)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

345,275

251,902

305,901

321,133

1,002,853

1,003,284

949,099

935,917

0

0

0

Stock option exercises

5,004

6,399

7,461

7,296

5,277

6,555

10,417

16,221

19,325

27,720

22,765

21,069

16,911

5,845

6,009

4,055

3,991

10,535

19,964

17,060

16,928

15,627

6,896

6,656

17,169

19,411

23,926

51,353

40,346

32,809

0

0

0

-

-

-

-

8,668

0

0

0

Payments for Repurchase of Common Stock

345,010

274,333

366,894

300,899

260,074

294,566

416,579

617,003

864,300

910,331

918,172

908,219

655,983

603,206

350,846

221,478

387,528

442,738

540,617

471,374

310,869

253,019

192,861

224,925

171,339

127,661

89,940

6,500

6,543

961

1,776

1,788

2,712

2,836

2,929

4,230

3,295

4,023

0

0

0

Cash paid for shares withheld for taxes

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

124,288

122,350

117,971

113,256

108,475

104,020

105,014

106,918

109,993

112,748

116,386

119,861

122,200

124,666

122,359

119,852

117,910

115,958

106,599

96,619

86,197

75,646

76,009

76,534

57,447

38,382

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-47,998

-733,560

-787,565

-742,347

-500,439

-580,273

-821,207

-826,471

-988,523

-1,029,918

-849,973

-537,110

-722,427

350,735

593,644

731,009

799,371

-161,631

-331,771

-738,660

-349,029

-529,092

-558,716

-563,173

-962,039

-659,590

-1,076,760

-967,431

-530,499

-448,157

-216,619

-253,690

-308,613

-323,969

-1,005,782

-1,082,865

-1,010,459

-949,666

0

0

0

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

770,300

117,756

9,632

257,359

896,166

827,532

561,915

162,060

-239,076

-417,080

-264,092

-15,816

-594,252

-52,187

-289,322

-221,048

-52,170

-533,785

-544,021

-766,930

-270,592

-343,824

-128,177

-41,734

-324,762

175,569

-213,657

-97,810

381,189

321,689

404,609

221,621

-93,687

-400,319

-1,466,393

-1,659,922

-1,278,383

-376,997

0

0

0

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

2,460

5,605

3,379

6,504

-12,388

557

4,289

1,030

16,337

-942

-26,346

-43,568

9,416

-26,538

-13,173

8,567

-48,729

-4,193

-7,493

-2,978

36,407

-4,561

41,369

-2,152

3,368

-171

8,298

6,679

-1,757

-1,470

-8,238

-9,548

-8,598

-9,623

1,781

8,040

-16,453

18,367

0

0

0

Income taxes paid (refunded), net

173,509

137,119

60,989

24,745

57,723

89,204

86,213

102,932

14,463

14,875

20,023

-2,780

2,574

2,743

-6,468

-9,426

-2,445

-5,654

0

0

0

-

-

-

-4,854

373

-1,213

-4,037

-5,206

-13,322

-69,403

-70,072

-70,387

-62,167

-62,346

-55,025

-157,975

-941,283

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