PulteGroup (PHM) FY2023 results: revenue $16.1 billion, up 0.4% on the year
PulteGroup Inc. (PHM) reported revenue of $16.1 billion for fiscal 2023, the year ended 31 December 2023, up 0.4% on the year before. Net income was $2.6 billion, down 0.6%, and diluted earnings per share $11.72. The figures are the company's own, from the 10-K it filed with the SEC on 5 February 2024.
Revenue
$16.1 billion
+0.4% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$2.6 billion
-0.6% on the year
FY2016FY2023
Diluted EPS
$11.72
+6.4% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
2,197
668
1,004
+228.6%
Capital expenditure
92.2
113
72.8
-18.2%
Free cash flow
2,105
556
931
+278.7%
Free cash flow margin
13.1%
3.5%
6.8%
Cash from investing
-129
-172
-124
Cash from financing
-1,313
-1,236
-1,679
Depreciation and amortisation
80.8
70.9
70.0
+14.0%
Share-based compensation
48.2
43.0
36.7
+12.1%
Buybacks
1,000
1,075
897
-6.9%
Dividends paid
142
144
148
-1.1%
Dividend per share
$0.68
$0.61
$0.57
+11.5%
Diluted shares, weighted
221m
236m
260m
-6.4%
Shares outstanding at period end
213m
226m
249m
-5.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
10,383
8,914
7,490
+16.5%
Debt
2,462
2,632
2,655
-6.5%
Other liabilities
3,242
3,250
3,208
-0.3%
Total liabilities and equity
16,087
14,797
13,353
+8.7%
Fixed assets
221
200
149
+10.6%
Goodwill
68.9
68.9
n/a
0.0%
Intangible assets
56.3
66.9
147
-15.8%
Cash and equivalents
1,807
1,053
1,779
+71.5%
Other assets
13,934
13,407
11,277
+3.9%
Total assets
16,087
14,797
13,353
+8.7%
10-K for the year ended 31 December 2023, filed 5 February 2024: the filing.