PulteGroup (PHM) FY2015 results: revenue $6.0 billion, up 2.7% on the year
PulteGroup Inc. (PHM) reported revenue of $6.0 billion for fiscal 2015, the year ended 31 December 2015, up 2.7% on the year before. Net income was $494 million, up 4.2%, and diluted earnings per share $1.36. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2016.
Revenue
$6.0 billion
+2.7% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$494 million
+4.2% on the year
FY2008FY2015
Diluted EPS
$1.36
+7.9% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
5,982
5,822
5,680
+2.7%
Selling, general and administrative
795
861
568
-7.7%
Interest expense
n/a
0.8
0.7
Income tax
322
215
-2,092
+49.4%
Net income
494
474
2,620
+4.2%
Net margin
8.3%
8.1%
46.1%
Diluted EPS
$1.36
$1.26
$6.72
+7.9%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
-338
308
881
Capital expenditure
45.4
48.8
28.9
-6.9%
Free cash flow
-383
259
852
Free cash flow margin
-6.4%
4.4%
15.0%
Cash from investing
-34.6
-123
-46.0
Cash from financing
-162
-529
-660
Depreciation and amortisation
46.2
39.9
31.6
+15.9%
Share-based compensation
24.8
29.3
30.5
-15.5%
Buybacks
443
253
128
+75.0%
Dividends paid
116
75.6
38.4
+53.3%
Dividend per share
$0.33
$0.23
$0.15
+43.5%
Diluted shares, weighted
360m
374m
387m
-3.8%
Shares outstanding at period end
349m
369m
381m
-5.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
4,759
4,805
4,649
-0.9%
Debt
2,342
1,959
2,164
+19.6%
Other liabilities
2,088
1,806
1,921
+15.6%
Total liabilities and equity
9,189
8,569
8,734
+7.2%
Fixed assets
86.3
75.2
53.1
+14.7%
Intangible assets
110
123
136
-10.5%
Cash and equivalents
754
1,293
1,580
-41.7%
Receivables
27.5
5.1
3.7
+439.2%
Other assets
8,211
7,073
6,961
+16.1%
Total assets
9,189
8,569
8,734
+7.2%
10-K for the year ended 31 December 2015, filed 8 February 2016: the filing.