PulteGroup (PHM) FY2016 results: revenue $7.7 billion, up 28.2% on the year
PulteGroup Inc. (PHM) reported revenue of $7.7 billion for fiscal 2016, the year ended 31 December 2016, up 28.2% on the year before. Net income was $603 million, up 22.0%, and diluted earnings per share $1.75. The figures are the company's own, from the 10-K it filed with the SEC on 1 February 2017.
Revenue
$7.7 billion
+28.2% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$603 million
+22.0% on the year
FY2009FY2016
Diluted EPS
$1.75
+28.7% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
7,668
5,982
5,822
+28.2%
Cost of revenue
5,729
n/a
n/a
Gross profit
1,940
n/a
n/a
Gross margin
25.3%
n/a
n/a
Selling, general and administrative
957
795
861
+20.4%
Interest expense
0.7
n/a
0.8
Income tax
331
322
215
+2.9%
Net income
603
494
474
+22.0%
Net margin
7.9%
8.3%
8.1%
Diluted EPS
$1.75
$1.36
$1.26
+28.7%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
68.3
-338
308
Capital expenditure
39.3
45.4
48.8
-13.5%
Free cash flow
29.0
-383
259
Free cash flow margin
0.4%
-6.4%
4.4%
Cash from investing
-471
-34.6
-123
Cash from financing
351
-162
-529
Depreciation and amortisation
54.0
46.2
39.9
+16.8%
Share-based compensation
22.2
24.8
29.3
-10.2%
Buybacks
603
443
253
+36.2%
Dividends paid
125
116
75.6
+7.5%
Dividend per share
$0.36
$0.33
$0.23
+9.1%
Diluted shares, weighted
342m
360m
374m
-4.9%
Shares outstanding at period end
319m
349m
369m
-8.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
4,659
4,759
4,805
-2.1%
Debt
3,461
2,342
1,959
+47.8%
Other liabilities
2,058
2,088
1,806
-1.4%
Total liabilities and equity
10,178
9,189
8,569
+10.8%
Fixed assets
77.4
86.3
75.2
-10.3%
Intangible assets
155
110
123
+40.4%
Cash and equivalents
699
754
1,293
-7.3%
Receivables
66.5
27.5
5.1
+141.8%
Other assets
9,181
8,211
7,073
+11.8%
Total assets
10,178
9,189
8,569
+10.8%
10-K for the year ended 31 December 2016, filed 1 February 2017: the filing.