PulteGroup (PHM) FY2017 results: revenue $8.6 billion, up 11.8% on the year
PulteGroup Inc. (PHM) reported revenue of $8.6 billion for fiscal 2017, the year ended 31 December 2017, up 11.8% on the year before. Net income was $447 million, down 25.8%, and diluted earnings per share $1.44. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2018.
Revenue
$8.6 billion
+11.8% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
$447 million
-25.8% on the year
FY2010FY2017
Diluted EPS
$1.44
-17.7% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
8,573
7,668
5,982
+11.8%
Cost of revenue
6,715
5,729
n/a
+17.2%
Gross profit
1,858
1,940
n/a
-4.2%
Gross margin
21.7%
25.3%
n/a
Selling, general and administrative
892
957
795
-6.9%
Interest expense
0.5
0.7
n/a
-26.7%
Income tax
492
331
322
+48.5%
Net income
447
603
494
-25.8%
Net margin
5.2%
7.9%
8.3%
Diluted EPS
$1.44
$1.75
$1.36
-17.7%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
663
68.3
-338
+871.3%
Capital expenditure
32.1
39.3
45.4
-18.4%
Free cash flow
631
29.0
-383
+2,077.8%
Free cash flow margin
7.4%
0.4%
-6.4%
Cash from investing
-50.2
-471
-34.6
Cash from financing
-1,030
351
-162
Depreciation and amortisation
51.0
54.0
46.2
-5.6%
Share-based compensation
33.7
22.2
24.8
+51.5%
Buybacks
910
603
443
+50.9%
Dividends paid
113
125
116
-9.6%
Dividend per share
$0.36
$0.36
$0.33
0.0%
Diluted shares, weighted
307m
342m
360m
-10.3%
Shares outstanding at period end
287m
319m
349m
-10.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
4,154
4,659
4,759
-10.8%
Debt
3,445
3,461
2,342
-0.5%
Other liabilities
2,088
2,058
2,088
+1.5%
Total liabilities and equity
9,687
10,178
9,189
-4.8%
Fixed assets
70.7
77.4
86.3
-8.7%
Intangible assets
141
155
110
-8.9%
Cash and equivalents
273
699
754
-61.0%
Receivables
80.3
66.5
27.5
+20.8%
Other assets
9,122
9,181
8,211
-0.6%
Total assets
9,687
10,178
9,189
-4.8%
10-K for the year ended 31 December 2017, filed 7 February 2018: the filing.