PULTEGROUP INC (PHM) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	8-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Homebuilding		13,537.4	10,673.9	9,978.5	9,982.9	8,385.5
Financial Services								140.8
Northeast								682.1
Southeast								1,058.1
Other		389.5	362.2	234.4	205.4	192.2		4,101.0
Total revenues [+]	16,229.0	13,926.9	11,036.1	10,213.0	10,188.3	8,577.7	0.0	5,982.0
Homebuilding								5,792.7
Land sales								48.5
Financial services								140.8
Revenue growth [+]	16.5%	26.2%	8.1%	0.2%	18.8%		-100.0%	2.7%
Homebuilding		26.8%	7.0%	0.0%	19.0%
Financial Services								12.0%
Northeast								-4.0%
Southeast								11.4%
Cost of goods sold [+]	0.0	0.0	0.0	0.0	0.0	0.0	0.0	4,353.9
Financial costs								82.0
Homebuilding costs								4,235.9
Real estate services and land sales costs								35.9
Gross profit	16,229.0	13,926.9	11,036.1	10,213.0	10,188.3	8,577.7	0.0	1,628.1
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%		27.2%
Selling, general and administrative	1,381.2	1,208.7	1,011.4	1,044.3	1,012.0	891.6	957.2	794.7
Equity in earnings
Other operating expenses	-13.7	10,275.1	8,257.9	7,825.4	7,814.9	6,714.9	-1,947.9
EBITDA [+]	14,932.4	2,513.0	1,832.8	1,397.2	1,410.8	1,022.2	1,044.7	879.6
EBITDA growth	494.2%	37.1%	31.2%	-1.0%	38.0%	-2.2%	18.8%	16.3%
EBITDA margin	92.0%	18.0%	16.6%	13.7%	13.8%	11.9%		14.7%
Depreciation	70.9	53.5	46.4	39.8	35.6	37.2	40.2	33.3
EBITA	14,861.5	2,459.6	1,786.4	1,357.4	1,375.2	985.0	1,004.5	846.3
EBITA margin	91.6%	17.7%	16.2%	13.3%	13.5%	11.5%		14.1%
Amortization of intangibles		16.5	19.7	14.2	13.8	13.8	13.8	12.9
EBIT [+]	14,861.5	2,443.1	1,766.7	1,343.2	1,361.4	971.2	990.7	833.4
EBIT growth	508.3%	38.3%	31.5%	-1.3%	40.2%	-2.0%	18.9%	16.3%
EBIT margin	91.6%	17.5%	16.0%	13.2%	13.4%	11.3%		13.9%
Non-recurring items			20.2
Interest income		2.0	6.8	16.7	7.6	2.5	3.2	3.1
Interest income		2.0	6.8	16.7	7.6	2.5	3.2	3.1
Other income (expense), net [+]	-11,421.9	64.8	-24.7	-20.4	-21.4	-34.9	-60.1	-20.5
Other		5.3	-17.8	-8.5	-13.8	-32.4	-56.9	-17.4
Pre-tax income	3,439.6	2,509.8	1,728.7	1,339.6	1,347.5	938.8	933.9	816.0
Income taxes	822.2	563.5	321.9	322.9	325.5	491.6	331.1	321.9
Tax rate	23.9%	22.5%	18.6%	24.1%	24.2%	52.4%	35.5%	39.5%
Net income	2,617.3	1,946.3	1,406.8	1,016.7	1,022.0	447.2	602.7	494.1
Net margin	16.1%	14.0%	12.7%	10.0%	10.0%	5.2%		8.3%

Basic EPS [+]	$11.14	$7.51	$5.24	$3.70	$3.60	$1.47	$1.77	$1.39
Growth	48.4%	43.3%	41.4%	2.8%	145.9%	-17.4%	28.0%	8.2%
Diluted EPS [+]	$11.08	$7.49	$5.22	$3.69	$3.59	$1.46	$1.76	$1.37
Growth	48.0%	43.4%	41.4%	2.9%	146.1%	-17.3%	28.3%	8.3%

Dividends per share [+]	$610.00	$0.57	$0.50	$0.45	$0.38	$0.36	$0.36	$0.33
Growth	106917.5%	14.0%	11.1%	18.4%	5.6%	0.0%	9.1%	43.5%

Shares outstanding (basic) [+]	235.0	259.3	268.6	274.5	283.6	305.1	339.7	356.6
Growth	-9.4%	-3.5%	-2.2%	-3.2%	-7.1%	-10.2%	-4.7%	-3.7%
Shares outstanding (diluted) [+]	236.2	259.9	269.4	275.3	284.9	306.8	342.1	359.8
Growth	-9.1%	-3.5%	-2.1%	-3.4%	-7.2%	-10.3%	-4.9%	-3.8%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.