PulteGroup Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,219	3,083	2,602	2,617	1,946
Depreciation & Amortization	112.51	89.16	80.82	70.92	69.95
Asset Writedown & Restructuring Costs	78.18	-	-	-	-
Loss (Gain) on Equity Investments	0.08	-41.64	0	-1.53	-15.09
Stock-Based Compensation	54.82	54.69	48.2	42.99	36.75
Other Operating Activities	138	172.21	145.96	174.67	134.53
Change in Inventory	-213.37	-787.48	-354.02	-2,257	-1,266
Change in Accounts Payable	-239.71	-286.46	-196.88	-104.76	640.69
Change in Other Net Operating Assets	-277.99	-602.95	-129.7	125.55	-542.72
Operating Cash Flow	1,871	1,681	2,197	668.47	1,004
Operating Cash Flow Growth	11.33%	-23.49%	228.63%	-33.42%	-43.73%
Capital Expenditures	-122.72	-118.55	-92.2	-112.66	-72.78
Cash Acquisitions	-	-	-	-10.4	-10.4
Investment in Securities	48	-6.86	-20.14	-43	-47.66
Other Investing Activities	-5.71	30.93	-16.76	-5.69	6.71
Investing Cash Flow	-80.42	-94.48	-129.1	-171.74	-124.13
Short-Term Debt Issued	5.43	27.28	-	2,869	214.3
Total Debt Issued	5.43	27.28	-	2,869	214.3
Short-Term Debt Repaid	-	-	-87.08	-2,908	-
Long-Term Debt Repaid	-24.51	-355.83	-123.29	-4.86	-836.89
Total Debt Repaid	-24.51	-355.83	-210.37	-2,913	-836.89
Net Debt Issued (Repaid)	-19.08	-328.55	-210.37	-44.27	-622.59
Issuance of Common Stock	-	-	-	-	0.01
Repurchase of Common Stock	-1,236	-1,228	-1,012	-1,089	-908.15
Common Dividends Paid	-176.68	-167.71	-142.46	-144.12	-147.83
Other Financing Activities	-4.08	-57.27	51.78	41.65	-
Financing Cash Flow	-1,436	-1,782	-1,313	-1,236	-1,679
Net Cash Flow	355.1	-195.5	754.62	-739.01	-798.67
Free Cash Flow	1,749	1,562	2,105	555.81	931.24
Free Cash Flow Growth	11.92%	-25.77%	278.65%	-40.32%	-46.05%
Free Cash Flow Margin	10.10%	8.71%	13.10%	3.47%	6.78%
Free Cash Flow Per Share	8.76	7.45	9.52	2.35	3.58
Cash Interest Paid	17.25	26.05	10.79	1.8	10.86
Cash Income Tax Paid	698.76	739.68	784.45	641.95	457.41
Levered Free Cash Flow	1,451	921.2	1,516	-24.47	221.54
Unlevered Free Cash Flow	1,451	921.5	1,516	-24.29	221.86
Change in Working Capital	-731.07	-1,677	-680.6	-2,236	-1,168

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.