PulteGroup (PHM) FY2021 results: revenue $13.7 billion, up 24.5% on the year
PulteGroup Inc. (PHM) reported revenue of $13.7 billion for fiscal 2021, the year ended 31 December 2021, up 24.5% on the year before. Net income was $1.9 billion, up 38.3%, and diluted earnings per share $7.43. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2022.
Revenue
$13.7 billion
+24.5% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$1.9 billion
+38.3% on the year
FY2014FY2021
Diluted EPS
$7.43
+43.4% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,004
1,784
1,078
-43.7%
Capital expenditure
72.8
58.4
58.1
+24.7%
Free cash flow
931
1,726
1,019
-46.0%
Free cash flow margin
6.8%
15.6%
10.0%
Cash from investing
-124
-108
-225
Cash from financing
-1,679
-296
-734
Depreciation and amortisation
70.0
66.1
54.0
+5.9%
Share-based compensation
36.7
32.8
28.4
+11.9%
Buybacks
897
171
274
+425.7%
Dividends paid
148
130
122
+13.6%
Dividend per share
$0.57
$0.50
$0.45
+14.0%
Diluted shares, weighted
260m
269m
275m
-3.5%
Shares outstanding at period end
249m
266m
270m
-6.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
7,490
6,570
5,458
+14.0%
Debt
2,655
3,164
3,092
-16.1%
Other liabilities
3,208
2,471
2,166
+29.8%
Total liabilities and equity
13,353
12,205
10,716
+9.4%
Fixed assets
149
132
112
+13.2%
Intangible assets
147
163
125
-10.1%
Cash and equivalents
1,779
2,582
1,218
-31.1%
Receivables
n/a
n/a
6.2
Other assets
11,277
9,328
9,255
+20.9%
Total assets
13,353
12,205
10,716
+9.4%
10-K for the year ended 31 December 2021, filed 7 February 2022: the filing.