NYSE: PHM
PULTEGROUP INC/MI/CIK 0000822416 · SIC 1531 · Operative Builders
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Latest financial statements
From 10-Q filed Jul 22, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Operations (Unaudited)
(in thousands)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenues: | ||||
| Homebuilding | ||||
| Home sale revenues | 3,807,097 | 4,267,975 | 7,114,607 | 8,017,244 |
| Land sale and other revenues | 78,921 | 34,622 | 108,235 | 87,176 |
| 3,886,018 | 4,302,597 | 7,222,842 | 8,104,420 | |
| Financial Services | 96,939 | 101,158 | 168,687 | 191,986 |
| Total revenues | 3,982,957 | 4,403,755 | 7,391,529 | 8,296,406 |
| Homebuilding Cost of Revenues: | ||||
| Home sale cost of revenues | (2,856,634) | (3,115,450) | (5,356,788) | (5,834,564) |
| Land sale and other cost of revenues | (68,129) | (30,488) | (95,276) | (81,443) |
| (2,924,763) | (3,145,938) | (5,452,064) | (5,916,007) | |
| Financial Services expenses | (60,673) | (59,611) | (119,839) | (114,581) |
| Selling, general, and administrative expenses | (382,965) | (390,453) | (763,298) | (783,790) |
| Equity income from unconsolidated entities, net | 3,962 | 409 | 4,841 | 911 |
| Other income (expense), net | 3,921 | (1,006) | 10,666 | 5,355 |
| Income before income taxes | 622,439 | 807,156 | 1,071,835 | 1,488,294 |
| Income tax expense | (150,436) | (198,673) | (252,837) | (357,012) |
| Net income | 472,003 | 608,483 | 818,998 | 1,131,282 |
| Per share: | ||||
| Basic earnings | 2.49 | 3.05 | 4.29 | 5.64 |
| Diluted earnings | 2.48 | 3.03 | 4.27 | 5.60 |
| Cash dividends declared | 0.26 | 0.22 | 0.52 | 0.44 |
| Number of shares used in calculation: | ||||
| Basic | 189,388 | 199,243 | 190,734 | 200,645 |
| Effect of dilutive securities | 1,195 | 1,438 | 1,256 | 1,520 |
| Diluted | 190,583 | 200,681 | 191,990 | 202,165 |
Balance Sheet
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Cash, cash equivalents, and restricted cash | 1,115,945 | 1,632,196 |
| House and land inventory | 13,445,694 | 12,635,442 |
| Amount due from Non-Guarantor Subsidiaries | 961,243 | 1,083,631 |
| Total assets | 16,934,668 | 16,507,470 |
| LIABILITIES | ||
| Accounts payable, customer deposits, accrued and other liabilities | 2,666,696 | 2,601,837 |
| Notes payable | 1,820,277 | 1,631,098 |
| Total liabilities | 4,947,885 | 4,682,755 |
Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | 818,998 | 1,131,282 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Deferred income tax expense | 13,402 | 19,798 |
| Land-related charges | 27,561 | 42,184 |
| Loss on debt retirement | 2,637 | — |
| Depreciation and amortization | 49,935 | 49,714 |
| Equity income from unconsolidated entities, net | (4,841) | (911) |
| Distributions of income from unconsolidated entities | 4,758 | 3,060 |
| Share-based compensation expense | 34,207 | 30,973 |
| Other, net | 569 | (380) |
| Increase (decrease) in cash due to: | ||
| Inventories | (807,305) | (533,041) |
| Residential mortgage loans available-for-sale | 63,933 | 47,986 |
| Other assets | (94,825) | (175,258) |
| Accounts payable, accrued and other liabilities | 67,773 | (193,674) |
| Net cash provided by operating activities | 176,802 | 421,733 |
| Cash flows from investing activities: | ||
| Capital expenditures | (55,297) | (64,138) |
| Investments in unconsolidated entities | (40,875) | (7,954) |
| Distributions of capital from unconsolidated entities | 5,508 | 39,419 |
| Other investing activities, net | 2,905 | (6,509) |
| Net cash used in investing activities | (87,759) | (39,182) |
| Cash flows from financing activities: | ||
| Proceeds from debt issuance | 794,784 | — |
| Repayments of notes payable | (600,681) | (9,163) |
| Financial Services borrowings (repayments), net | (54,434) | (28,549) |
| Debt issuance costs | (22,759) | — |
| Proceeds from liabilities related to consolidated inventory not owned | 18,303 | 16,633 |
| Payments related to consolidated inventory not owned | (23,155) | (22,438) |
| Share repurchases | (681,167) | (600,000) |
| Excise tax on share repurchases | (11,482) | (11,550) |
| Cash paid for shares withheld for taxes | (38,062) | (23,761) |
| Dividends paid | (101,824) | (90,077) |
| Net cash used in financing activities | (720,477) | (768,905) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (631,434) | (386,354) |
| Cash, cash equivalents, and restricted cash at beginning of period | 2,008,776 | 1,653,680 |
| Cash, cash equivalents, and restricted cash at end of period | 1,377,342 | 1,267,326 |
| Supplemental Cash Flow Information: | ||
| Interest paid (capitalized), net | 5,879 | 8,088 |
| Income taxes paid (refunded), net | 270,253 | 392,286 |
Amounts as printed on the EDGAR/iXBRL face — (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗