PulteGroup (PHM) FY2022 results: revenue $16.0 billion, up 16.5% on the year
PulteGroup Inc. (PHM) reported revenue of $16.0 billion for fiscal 2022, the year ended 31 December 2022, up 16.5% on the year before. Net income was $2.6 billion, up 34.5%, and diluted earnings per share $11.01. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2023.
Revenue
$16.0 billion
+16.5% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$2.6 billion
+34.5% on the year
FY2015FY2022
Diluted EPS
$11.01
+48.2% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
668
1,004
1,784
-33.4%
Capital expenditure
113
72.8
58.4
+54.8%
Free cash flow
556
931
1,726
-40.3%
Free cash flow margin
3.5%
6.8%
15.6%
Cash from investing
-172
-124
-108
Cash from financing
-1,236
-1,679
-296
Depreciation and amortisation
70.9
70.0
66.1
+1.4%
Share-based compensation
43.0
36.7
32.8
+17.0%
Buybacks
1,075
897
171
+19.8%
Dividends paid
144
148
130
-2.5%
Dividend per share
$0.61
$0.57
$0.50
+7.0%
Diluted shares, weighted
236m
260m
269m
-9.1%
Shares outstanding at period end
226m
249m
266m
-9.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
8,914
7,490
6,570
+19.0%
Debt
2,632
2,655
3,164
-0.9%
Other liabilities
3,250
3,208
2,471
+1.3%
Total liabilities and equity
14,797
13,353
12,205
+10.8%
Fixed assets
200
149
132
+34.3%
Goodwill
68.9
n/a
n/a
Intangible assets
66.9
147
163
-54.5%
Cash and equivalents
1,053
1,779
2,582
-40.8%
Other assets
13,407
11,277
9,328
+18.9%
Total assets
14,797
13,353
12,205
+10.8%
10-K for the year ended 31 December 2022, filed 6 February 2023: the filing.