For the year ending 2025-12-31, PHM had $355,096K increase in cash & cash equivalents over the period. $1,748,533K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 2,218,730 | 3,083,262 | 2,602,372 | 2,617,317 |
| Deferred income tax expense | -10,779 | -151,097 | -104,266 | -106,584 |
| Land-related charges | - | 34,572 | 43,115 | 66,656 |
| (gain) loss on debt retirement | - | - | 663 | 0 |
| Land-related charges | 126,914 | - | - | - |
| Goodwill impairment | 28,553 | - | - | 0 |
| Property and equipment impairments | 49,629 | - | - | - |
| Depreciation and amortization | 112,507 | 89,162 | 80,824 | 70,918 |
| Equity income from unconsolidated entities | 4,147 | 44,201 | 4,561 | 50,680 |
| Distributions of earnings from unconsolidated entities | 4,222 | 2,557 | 4,564 | 49,151 |
| Share-based compensation expense | 54,823 | 54,690 | 48,200 | 42,989 |
| Other, net | -311 | 13,460 | 758 | -1,431 |
| Inventories | 213,372 | 787,475 | 354,016 | 2,256,690 |
| Residential mortgage loans available-for-sale | -15,917 | 113,327 | -160,934 | -266,310 |
| Other assets | 293,904 | 489,623 | 290,631 | 140,761 |
| Accounts payable, accrued and other liabilities | -239,713 | -286,460 | -196,884 | -104,759 |
| Net cash provided by operating activities | 1,871,249 | 1,680,794 | 2,196,762 | 668,466 |
| Capital expenditures | 122,716 | 118,545 | 92,201 | 112,661 |
| Investments in unconsolidated entities | 15,744 | 16,037 | 23,403 | 64,701 |
| Distributions of capital from unconsolidated entities | 63,743 | 9,179 | 3,265 | 21,704 |
| Business acquisition | - | 0 | 0 | 10,400 |
| Other investing activities, net | 5,707 | -30,927 | 16,756 | 5,685 |
| Net cash used in investing activities | -80,424 | -94,476 | -129,095 | -171,743 |
| Repayments of notes payable | 24,508 | 355,826 | 123,290 | 4,856 |
| Borrowings under revolving credit facility | - | 0 | 0 | 2,869,000 |
| Repayments under revolving credit facility | - | 0 | 0 | 2,869,000 |
| Financial services borrowings (repayments), net | 5,432 | 27,279 | -87,084 | -39,412 |
| Debt issuance costs | 1,446 | 1,534 | 1,572 | 11,167 |
| Proceeds from liabilities related to consolidated inventory not owned | 44,095 | 50,047 | 129,656 | 58,729 |
| Payments related to consolidated inventory not owned | 46,733 | 105,787 | 76,303 | 5,915 |
| Stock option exercises | - | - | 0 | 0 |
| Share repurchases | 1,199,996 | 1,199,999 | 1,000,000 | 1,074,673 |
| Excise tax on share repurchases | 11,550 | 9,691 | - | - |
| Cash paid for shares withheld for taxes | 24,339 | 18,597 | 11,991 | 14,326 |
| Dividends paid | 176,684 | 167,707 | 142,459 | 144,115 |
| Net cash used in financing activities | -1,435,729 | -1,781,815 | -1,313,043 | -1,235,735 |
| Net increase (decrease) | 355,096 | -195,497 | 754,624 | -739,012 |
| Cash and cash equivalents at beginning of period | 1,653,680 | 1,849,177 | 1,094,553 | 1,833,565 |
| Cash and cash equivalents at end of period | 2,008,776 | 1,653,680 | 1,849,177 | 1,094,553 |
PULTEGROUP INC MI (PHM)
PULTEGROUP INC MI (PHM)