PulteGroup (PHM) FY2013 results: revenue $5.7 billion, up 17.8% on the year
PulteGroup Inc. (PHM) reported revenue of $5.7 billion for fiscal 2013, the year ended 31 December 2013, up 17.8% on the year before. Net income was $2.6 billion, up 1171.0%, and diluted earnings per share $6.72. The figures are the company's own, from the 10-K it filed with the SEC on 5 February 2014.
Revenue
$5.7 billion
+17.8% on the year
FY2008FY2013
Operating margin
n/a
FY2008FY2013
Net income
$2.6 billion
+1,171.0% on the year
FY2008FY2013
Diluted EPS
$6.72
+1,144.4% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
5,680
4,820
4,137
+17.8%
Selling, general and administrative
568
514
520
+10.5%
Interest expense
0.7
0.8
1.3
-13.1%
Income tax
-2,092
-22.6
-99.9
Net income
2,620
206
-210
+1,171.0%
Net margin
46.1%
4.3%
-5.1%
Diluted EPS
$6.72
$0.54
-$0.55
+1,144.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
881
760
17.3
+15.9%
Capital expenditure
28.9
13.9
21.2
+107.3%
Free cash flow
852
746
-4.0
+14.2%
Free cash flow margin
15.0%
15.5%
-0.1%
Cash from investing
-46.0
9.7
-93.6
Cash from financing
-660
-448
-324
Depreciation and amortisation
31.6
30.0
32.1
+5.2%
Share-based compensation
30.5
22.9
17.0
+33.1%
Buybacks
128
1.0
2.8
+13,184.2%
Dividends paid
38.4
0.0
0.0
Dividend per share
$0.15
$0.00
$0.00
Diluted shares, weighted
387m
385m
380m
+0.6%
Shares outstanding at period end
381m
387m
383m
-1.4%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
4,649
2,190
1,939
+112.3%
Debt
2,164
2,648
3,088
-18.3%
Other liabilities
1,921
1,896
1,859
+1.3%
Total liabilities and equity
8,734
6,734
6,886
+29.7%
Fixed assets
53.1
44.2
53.2
+20.1%
Goodwill
n/a
n/a
0.0
Intangible assets
136
149
162
-8.8%
Cash and equivalents
1,580
1,405
1,083
+12.5%
Receivables
3.7
8.1
13.0
-54.3%
Other assets
6,961
5,128
5,574
+35.7%
Total assets
8,734
6,734
6,886
+29.7%
10-K for the year ended 31 December 2013, filed 5 February 2014: the filing.