PulteGroup (PHM) FY2014 results: revenue $5.8 billion, up 2.5% on the year
PulteGroup Inc. (PHM) reported revenue of $5.8 billion for fiscal 2014, the year ended 31 December 2014, up 2.5% on the year before. Net income was $474 million, down 81.9%, and diluted earnings per share $1.26. The figures are the company's own, from the 10-K it filed with the SEC on 4 February 2015.
Revenue
$5.8 billion
+2.5% on the year
FY2008FY2014
Operating margin
n/a
FY2008FY2014
Net income
$474 million
-81.9% on the year
FY2008FY2014
Diluted EPS
$1.26
-81.2% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
5,822
5,680
4,820
+2.5%
Selling, general and administrative
861
568
514
+51.5%
Interest expense
0.8
0.7
0.8
+19.2%
Income tax
215
-2,092
-22.6
Net income
474
2,620
206
-81.9%
Net margin
8.1%
46.1%
4.3%
Diluted EPS
$1.26
$6.72
$0.54
-81.2%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
308
881
760
-65.1%
Capital expenditure
48.8
28.9
13.9
+68.8%
Free cash flow
259
852
746
-69.6%
Free cash flow margin
4.4%
15.0%
15.5%
Cash from investing
-123
-46.0
9.7
Cash from financing
-529
-660
-448
Depreciation and amortisation
39.9
31.6
30.0
+26.2%
Share-based compensation
29.3
30.5
22.9
-3.9%
Buybacks
253
128
1.0
+98.2%
Dividends paid
75.6
38.4
0.0
+97.1%
Dividend per share
$0.23
$0.15
$0.00
+53.3%
Diluted shares, weighted
374m
387m
385m
-3.3%
Shares outstanding at period end
369m
381m
387m
-3.1%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
4,805
4,649
2,190
+3.4%
Debt
1,959
2,164
2,648
-9.5%
Other liabilities
1,806
1,921
1,896
-6.0%
Total liabilities and equity
8,569
8,734
6,734
-1.9%
Fixed assets
75.2
53.1
44.2
+41.8%
Intangible assets
123
136
149
-9.6%
Cash and equivalents
1,293
1,580
1,405
-18.2%
Receivables
5.1
3.7
8.1
+37.8%
Other assets
7,073
6,961
5,128
+1.6%
Total assets
8,569
8,734
6,734
-1.9%
10-K for the year ended 31 December 2014, filed 4 February 2015: the filing.