PulteGroup (PHM) 10-K 30 Jan 20 2019 FY Annual report Financial data

Cover Page Document

Cover Page Document - USD ($)	12 Months Ended
	Dec. 31, 2019	Jan. 23, 2020	Jun. 30, 2019
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	1-9804
Entity Incorporation, State or Country Code	MI
Entity Tax Identification Number	38-2766606
Entity Address, Address Line One	3350 Peachtree Road NE, Suite 150
Entity Address, City or Town	Atlanta,
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30326
City Area Code	404
Local Phone Number	978-6400
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 8,648,189,224
Entity Common Stock, Shares Outstanding		269,975,049
Documents Incorporated by Reference [Text Block]	Documents Incorporated by Reference Applicable portions of the Proxy Statement for the 2020 Annual Meeting of Shareholders are incorporated by reference in Part III of this Form.
Entity Registrant Name	PULTEGROUP INC/MI/
Entity Central Index Key	0000822416
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false
Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Shares, par value $0.01
Trading Symbol	PHM
Security Exchange Name	NYSE
Series A Junior Participating Preferred Share Purchase Rights [Member]
Document Information [Line Items]
Title of 12(b) Security	Series A Junior Participating Preferred Share Purchase Rights
Security Exchange Name	NYSE
No Trading Symbol Flag	true

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and equivalents	$ 1,217,913	$ 1,110,088
Restricted cash	33,543	23,612
Total cash, cash equivalents, and restricted cash	1,251,456	1,133,700
House and land inventory	7,680,614	7,253,353
Land held for sale	24,009	36,849
Residential mortgage loans available-for-sale	508,967	461,354
Investments in unconsolidated entities	59,766	54,590
Other assets	895,686	830,359
Intangible assets	124,992	127,192
Deferred tax assets, net	170,107	275,579
Total assets	10,715,597	10,172,976
Liabilities:
Accounts payable, including book overdrafts of $51,827 and $54,381 at December 31, 2019 and 2018, respectively	435,916	352,029
Customer deposits	294,427	254,624
Accrued and other liabilities	1,399,368	1,360,483
Income tax liabilities	36,093	11,580
Financial Services debt	326,573	348,412
Notes payable	2,765,040	3,028,066
Total liabilities	5,257,417	5,355,194
Shareholders’ equity:
Preferred shares, $0.01 par value; 25,000,000 shares authorized, none issued	0	0
Common shares, $0.01 par value; 500,000,000 shares authorized, 270,235,297 and 277,109,507 shares issued and outstanding at December 31, 2019 and 2018, respectively	2,702	2,771
Additional paid-in capital	3,235,149	3,201,427
Accumulated other comprehensive loss	(245)	(345)
Retained earnings	2,220,574	1,613,929
Total shareholders’ equity	5,458,180	4,817,782
Total liabilities and shareholders' equity	$ 10,715,597	$ 10,172,976

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Book overdrafts	$ 51,827	$ 54,381
Preferred stock, par value (usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares issued	0	0
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	270,235,297	277,109,507
Common stock, shares outstanding	270,235,297	277,109,507

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Homebuilding
Revenue from Contract with Customer, Excluding Assessed Tax	$ 10,212,957	$ 10,188,331	$ 8,577,686
Homebuilding Cost of Revenues:
Selling, general, and administrative expenses	(1,044,337)	(1,012,023)	(891,581)
Other expense, net	(13,476)	(13,849)	(32,387)
Income before income taxes	1,339,576	1,347,540	938,828
Income tax expense	(322,876)	(325,517)	(491,607)
Net income	$ 1,016,700	$ 1,022,023	$ 447,221
Net income per share:
Basic (usd per share)	$ 3.67	$ 3.56	$ 1.45
Diluted (usd per share)	3.66	3.55	1.44
Cash dividends declared (usd per share)	$ 0.45	$ 0.38	$ 0.36
Number of shares used in calculation:
Basic shares outstanding (shares)	274,495	283,578	305,089
Effect of dilutive securities (shares)	802	1,287	1,725
Diluted shares outstanding (shares)	275,297	284,865	306,814
Total Homebuilding [Member]
Homebuilding
Revenue from Contract with Customer, Excluding Assessed Tax	$ 9,978,526	$ 9,982,949	$ 8,385,526
Homebuilding Cost of Revenues:
Cost of Revenue	7,684,798	7,667,497	6,595,601
Land [Member]
Homebuilding
Revenue from Contract with Customer, Excluding Assessed Tax	62,821	164,504	61,542
Homebuilding Cost of Revenues:
Cost of Goods and Services Sold	56,098	126,560	134,449
Home Building [Member]
Homebuilding
Revenue from Contract with Customer, Excluding Assessed Tax	9,915,705	9,818,445	8,323,984
Homebuilding Cost of Revenues:
Cost of Goods and Services Sold	7,628,700	7,540,937	6,461,152
Financial Service [Member]
Homebuilding
Revenue from Contract with Customer, Excluding Assessed Tax	234,431	205,382	192,160
Homebuilding Cost of Revenues:
Cost of Revenue	$ 130,770	$ 147,422	$ 119,289

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net income	$ 1,016,700	$ 1,022,023	$ 447,221
Other comprehensive income, net of tax:
Change in value of derivatives	100	100	81
Other comprehensive income	100	100	81
Comprehensive income	$ 1,016,800	$ 1,022,123	$ 447,302

Consolidated Statements Of Shar

Consolidated Statements Of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]
Shareholders' Equity, shares at Dec. 31, 2016		319,090,000
Shareholders' Equity at Dec. 31, 2016	$ 4,659,363	$ 3,191	$ 3,116,490	$ (526)	$ 1,540,208
Stock option exercises, shares		2,352,000
Stock option exercises	27,720	$ 24	27,696
Share issuances, net of cancellations, shares		1,008,000
Share issuances	3,568	$ 13	3,555
Dividends declared	(110,046)				(110,046)
Share repurchases, shares		(35,698,000)
Share repurchases	(910,331)	$ (360)			(909,971)
Cash paid for shares withheld for taxes					5,995
Excess tax benefits (deficiencies) from share-based compensation	(5,995)
Share-based compensation	24,207		24,207
Net income	447,221				447,221
Other comprehensive income	81			81
Shareholders' Equity, shares at Dec. 31, 2017		286,752,000
Shareholders' Equity at Dec. 31, 2017	4,154,026	$ 2,868	3,171,542	(445)	980,061
Stock option exercises, shares		605,000
Stock option exercises	6,555	$ 6	6,549
Share issuances, net of cancellations, shares		1,210,000
Share issuances	3,487	$ 12	3,475
Dividends declared	(108,489)				(108,489)
Share repurchases, shares		(11,457,000)
Share repurchases	(294,566)	$ (115)			(294,451)
Cash paid for shares withheld for taxes	7,910		284		7,626
Share-based compensation	20,145		20,145
Net income	1,022,023				1,022,023
Other comprehensive income	$ 100			100
Shareholders' Equity, shares at Dec. 31, 2018	277,109,507	277,110,000
Shareholders' Equity at Dec. 31, 2018	$ 4,817,782	$ 2,771	3,201,427	(345)	1,613,929
Stock option exercises, shares		547,000
Stock option exercises	6,399	$ 5	6,394
Share issuances, net of cancellations, shares		1,013,000
Share issuances	5,800	$ 10	5,790
Dividends declared	(124,356)				(124,356)
Share repurchases, shares		(8,435,000)
Share repurchases	(274,333)	$ (84)			(274,249)
Cash paid for shares withheld for taxes	11,450				11,450
Share-based compensation	21,538		21,538
Net income	1,016,700				1,016,700
Other comprehensive income	$ 100			100
Shareholders' Equity, shares at Dec. 31, 2019	270,235,297	270,235,000
Shareholders' Equity at Dec. 31, 2019	$ 5,458,180	$ 2,702	$ 3,235,149	$ (245)	$ 2,220,574

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income	$ 1,016,700	$ 1,022,023	$ 447,221
Adjustments to reconcile net income to net cash from operating activities:
Deferred income tax expense	105,438	362,777	422,307
Land-related charges	27,101	99,446	191,913
Depreciation and amortization	53,999	49,429	50,998
Share-based compensation expense	28,368	28,290	33,683
Loss on debt retirements	4,927	76	0
Other, net	1,155	(3,688)	(1,789)
Increase (decrease) in cash due to:
Inventories	(237,741)	(50,362)	(569,030)
Residential mortgage loans available-for-sale	(48,261)	107,330	(33,009)
Other assets	(15,125)	(64,174)	55,099
Accounts payable, accrued and other liabilities	140,984	(101,400)	65,687
Net cash provided by (used in) operating activities	1,077,545	1,449,747	663,080
Cash flows from investing activities:
Capital expenditures	(58,119)	(59,039)	(32,051)
Investments in unconsolidated entities	(9,515)	(1,000)	(23,037)
Business acquisition	(163,724)	0	0
Other investing activities, net	5,129	18,097	4,846
Net cash provided by (used in) investing activities	(226,229)	(41,942)	(50,242)
Cash flows from financing activities:
Debt issuance costs	0	(8,164)	0
Debt issuance costs			0
Repayments of notes payable	(309,985)	(82,775)	(134,747)
Borrowings under revolving credit facility	0	1,566,000	2,720,000
Repayments under revolving credit facility	0	(1,566,000)	(2,720,000)
Financial Services borrowings (repayments), net	(21,841)	(89,393)	106,183
Stock option exercises	6,399	6,555	27,720
Share repurchases	(274,333)	(294,566)	(910,331)
Cash paid for shares withheld for taxes	(11,450)	(7,910)	(5,995)
Dividends paid	(122,350)	(104,020)	(112,748)
Net cash provided by (used in) financing activities	(733,560)	(580,273)	(1,029,918)
Net increase (decrease)	117,756	827,532	(417,080)
Cash, cash equivalents, and restricted cash at beginning of period	1,133,700	306,168	723,248
Cash, cash equivalents, and restricted cash at end of period	1,251,456	1,133,700	306,168
Supplemental Cash Flow Information:
Interest paid (capitalized), net	5,605	557	(942)
Income taxes paid, net	$ 137,119	$ 89,204	$ 14,875

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Summary of significant accounting policies	Summary of significant accounting policies Basis of presentation PulteGroup, Inc. is one of the largest homebuilders in the U.S., and our common shares trade on the New York Stock Exchange under the ticker symbol “PHM”. Unless the context otherwise requires, the terms "PulteGroup", the "Company", "we", "us", and "our" used herein refer to PulteGroup, Inc. and its subsidiaries. While our subsidiaries engage primarily in the homebuilding business, we also have mortgage banking operations, conducted principally through Pulte Mortgage LLC (“Pulte Mortgage”), and title and insurance brokerage operations. The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles and include the accounts of PulteGroup, Inc. and all of its direct and indirect subsidiaries and variable interest entities in which PulteGroup, Inc. is deemed to be the primary beneficiary. All significant intercompany accounts, transactions, and balances have been eliminated in consolidation. Business acquisitions In April 2019, we acquired certain assets of American West, located in Las Vegas, Nevada, for $163.7 million . The assets acquired included approximately 1,200 finished lots and control of approximately 2,300 additional lots through land option agreements. The acquired assets were recorded at their estimated fair values, including $12.0 million associated with the American West tradename, which is being amortized over a 20 -year life. The acquisition of these assets was not material to our results of operations or financial condition. In January 2020, we acquired substantially all of the operations of Innovative Construction Group, an offsite construction framing company located in Jacksonville, Florida. This acquisition is not expected to have a material impact on our results of operations or financial condition. Use of estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Reclassifications Certain prior period amounts have been reclassified to conform to the current year presentation. Subsequent events We evaluated subsequent events up until the time the financial statements were filed with the Securities and Exchange Commission ("SEC"). Cash and equivalents Cash and equivalents include institutional money market investments and time deposits with a maturity of three months or less when acquired. Cash and equivalents at December 31, 2019 and 2018 also included $6.2 million and $40.9 million , respectively, of cash from home closings held in escrow for our benefit, typically for less than five days, which are considered deposits in-transit. Restricted cash We maintain certain cash balances that are restricted as to their use, including customer deposits on home sales that are temporarily restricted by regulatory requirements until title transfers to the homebuyer. Total cash, cash equivalents, and restricted cash includes restricted cash balances of $33.5 million and $23.6 million at December 31, 2019 and 2018 , respectively. Investments in unconsolidated entities We have investments in a number of unconsolidated entities, including joint ventures, with independent third parties. The equity method of accounting is used for unconsolidated entities over which we have significant influence; generally this represents ownership interests of at least 20% and not more than 50%. Under the equity method of accounting, we recognize our proportionate share of the earnings and losses of these entities. Certain of these entities sell land to us. We defer the recognition of profits from such activities until the time we ultimately sell the related land. We evaluate our investments in unconsolidated entities for recoverability in accordance with Accounting Standards Codification (“ASC”) 323, “Investments – Equity Method and Joint Ventures” (“ASC 323”). If we determine that a loss in the value of the investment is other than temporary, we write down the investment to its estimated fair value. Any such losses are recorded to equity in (earnings) loss of unconsolidated entities, which is reflected in other expense, net. Due to uncertainties in the estimation process and the significant volatility in demand for new housing, actual results could differ significantly from such estimates. See Note 4 . Intangible assets Goodwill, which represents the cost of acquired businesses in excess of the fair value of the net assets of such businesses at the acquisition date, totaled $40.4 million at December 31, 2019 and 2018 . We assess goodwill for impairment annually in the fourth quarter and if events or changes in circumstances indicate the carrying amount may not be recoverable. Intangible assets also include tradenames acquired in connection with acquisitions and totaled $84.6 million , net of accumulated amortization of $204.4 million , at December 31, 2019 , and $86.8 million , net of accumulated amortization of $190.2 million , at December 31, 2018 . Such tradenames are generally being amortized over 20 -year lives. Amortization expense totaled $14.2 million in 2019 and $13.8 million in 2018 and 2017 , respectively, and is expected to be $14.4 million in 2020, $11.0 million in 2021 and $6.3 million each year from 2022 - 2024 . The ultimate realization of these assets is dependent upon the future cash flows and benefits that we expect to generate from their use. We assess tradenames for impairment if events or changes in circumstances indicate the carrying amount may not be recoverable. Property and equipment Property and equipment are recorded at cost. Maintenance and repair costs are expensed as incurred. Depreciation is computed by the straight-line method based upon estimated useful lives as follows: office furniture and equipment - 3 to 10 years; leasehold improvements - life of the lease; software and hardware - 3 to 5 years; model park improvements and furnishings - 1 to 5 years. Property and equipment are included in other assets and totaled $111.7 million net of accumulated depreciation of $218.9 million at December 31, 2019 and $92.9 million net of accumulated depreciation of $209.3 million at December 31, 2018 . Depreciation expense totaled $39.8 million , $35.6 million , and $37.2 million in 2019 , 2018 , and 2017 , respectively. Advertising costs Advertising costs are expensed to selling, general, and administrative expense as incurred and totaled $53.9 million , $51.0 million , and $45.0 million , in 2019 , 2018 , and 2017 , respectively. Employee benefits We maintain a defined contribution retirement plan that covers substantially all of our employees. Company contributions to the plan totaled $19.1 million , $17.9 million , and $15.7 million in 2019 , 2018 , and 2017 , respectively. Other expense, net Other expense, net consists of the following ($000’s omitted): 2019 2018 2017 Write-offs of deposits and pre-acquisition costs (Note 2) $ (13,116 ) $ (16,992 ) $ (11,367 ) Amortization of intangible assets (Note 1) (14,200 ) (13,800 ) (13,800 ) Loss on debt retirement ( Note 5 ) (4,927 ) (76 ) — Interest income 16,739 7,593 2,537 Interest expense (584 ) (618 ) (503 ) Equity in earnings (loss) of unconsolidated entities ( Note 4 ) (a) 747 2,690 (1,985 ) Miscellaneous, net 1,865 7,354 (7,269 ) Total other expense, net $ (13,476 ) $ (13,849 ) $ (32,387 ) (a) Includes an $8.0 million impairment of an investment in an unconsolidated entity in 2017 (see Note 2 ). Earnings per share Basic earnings per share is computed by dividing income available to common shareholders (the “Numerator”) by the weighted-average number of common shares, adjusted for unvested shares, (the “Denominator”) for the period. Computing diluted earnings per share is similar to computing basic earnings per share, except that the Denominator is increased to include the dilutive effects of stock options, unvested restricted share units, and other potentially dilutive instruments. Any stock options that have an exercise price greater than the average market price of our common shares are considered anti-dilutive and excluded from the diluted earnings per share calculation. Anti-dilutive shares were immaterial in 2019, 2018 and 2017. In accordance with ASC 260 "Earnings Per Share" ("ASC 260"), the two-class method determines earnings per share for each class of common share and participating securities according to an earnings allocation formula that adjusts the Numerator for dividends or dividend equivalents and participation rights in undistributed earnings. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and, therefore, are included in computing earnings per share pursuant to the two-class method. Our outstanding restricted share units and deferred shares are considered participating securities. The following table presents a reconciliation of the numerator used in our earnings per common share calculation ($000's omitted): December 31, 2019 December 31, 2018 December 31, 2017 Numerator: Net income $ 1,016,700 $ 1,022,023 $ 447,221 Less: earnings distributed to participating securities (1,228 ) (1,208 ) (1,192 ) Less: undistributed earnings allocated to participating securities (9,143 ) (9,984 ) (3,380 ) Numerator for basic earnings per share $ 1,006,329 $ 1,010,831 $ 442,649 Add: undistributed earnings allocated to participating securities 9,143 9,984 3,380 Less: undistributed earnings reallocated to participating securities (9,117 ) (9,939 ) (3,361 ) Numerator for diluted earnings per share $ 1,006,355 $ 1,010,876 $ 442,668 Share-based compensation We measure compensation cost for share-based compensation on the grant date. Fair value for restricted share units is determined based on the quoted price of our common shares on the grant date. We recognize compensation expense for restricted share units, the majority of which cliff vest at the end of three years , ratably over the vesting period. For share-based awards containing performance conditions, we recognize compensation expense ratably over the vesting period when it is probable that the stated performance targets will be achieved and record cumulative adjustments in the period in which estimates change. Compensation expense related to our share-based awards is included in selling, general, and administrative expense, except for a small portion recognized in Financial Services expenses. See Note 7 . Income taxes The provision for income taxes is calculated using the asset and liability method, under which deferred tax assets and liabilities are recognized by identifying the temporary differences arising from the different treatment of items for tax and accounting purposes. In assessing the realizability of deferred tax assets, we consider whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is primarily dependent upon the generation of future taxable income. In determining the future tax consequences of events that have been recognized in the financial statements or tax returns, judgment is required. Differences between the anticipated and actual outcomes of these future tax consequences could have a material impact on our consolidated results of operations or financial position. Unrecognized tax benefits represent the difference between tax positions taken or expected to be taken in a tax return and the benefits recognized for financial statement purposes. We follow the provisions of ASC 740 which prescribes a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. Significant judgment is required to evaluate uncertain tax positions. Our evaluations of tax positions consider a variety of factors, including relevant facts and circumstances, applicable tax law, correspondence with taxing authorities, and effective settlements of audit issues. Changes in the recognition or measurement of uncertain tax positions could result in material increases or decreases in income tax expense (benefit) in the period in which the change is made. Interest and penalties related to unrecognized tax benefits are recognized as a component of income tax expense (benefit). See Note 8 . Revenue recognition Home sale revenues - Home sale revenues and related profit are generally recognized when title to and possession of the home are transferred to the buyer at the home closing date. Our performance obligation to deliver the agreed-upon home is generally satisfied at the home closing date. Home sale contract assets consist of cash from home closings held in escrow for our benefit, typically for less than five days, which are considered deposits in-transit and classified as cash. Contract liabilities include customer deposit liabilities related to sold but undelivered homes, which totaled $294.4 million and $254.6 million at December 31, 2019 and 2018 , respectively. Substantially all of our home sales are scheduled to close and be recorded to revenue within one year from the date of receiving a customer deposit. See Note 11 for information on warranties and related obligations. Land sale revenues - We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land sales are generally outright sales of specified land parcels with cash consideration due on the closing date, which is generally when performance obligations are satisfied. Financial services revenues - Loan origination fees, commitment fees, and direct loan origination costs are recognized as incurred. Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment. Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. Interest income is accrued from the date a mortgage loan is originated until the loan is sold. Mortgage servicing fees represent fees earned for servicing loans for various investors. Servicing fees are based on a contractual percentage of the outstanding principal balance and are credited to income when related mortgage payments are received or the sub-servicing fees are earned. Revenues associated with our title operations are recognized as closing services are rendered and title insurance policies are issued, both of which generally occur as each home is closed. Insurance brokerage commissions relate to commissions on home and other insurance policies placed with third party carriers through various agency channels. Our performance obligations for policy renewal commissions are considered satisfied upon issuance of the initial policy, and related contract assets for estimated future renewal commissions are included in other assets and totaled $35.1 million and $30.8 million at December 31, 2019 and 2018 , respectively. Contract assets totaling $27.7 million were recognized on January 1, 2018, in conjunction with the adoption of Accounting Standards Codification ("ASC") 606, "Revenue from Contracts with Customers" ("ASC 606"). Refer to " New accounting pronouncements" within Note 1 for further discussion. Sales incentives When sales incentives involve a discount on the selling price of the home, we record the discount as a reduction of revenue at the time of house closing. If the sales incentive requires us to provide a free product or service to the customer, the cost of the free product or service is recorded as cost of revenues at the time of house closing. Inventory and cost of revenues Inventory is stated at cost unless the carrying value is determined to not be recoverable, in which case the affected inventory is written down to fair value. Cost includes land acquisition, land development, and home construction costs, including interest, real estate taxes, and certain direct and indirect overhead costs related to development and construction. For those communities for which construction and development activities have been idled, applicable interest and real estate taxes are expensed as incurred. Land acquisition and development costs are allocated to individual lots using an average lot cost determined based on the total expected land acquisition and development costs and the total expected home closings for the community. The specific identification method is used to accumulate home construction costs. We capitalize interest cost into homebuilding inventories. Each layer of capitalized interest is amortized over a period that approximates the average life of communities under development. Interest expense is allocated over the period based on the timing of home closings. Cost of revenues includes the construction cost, average lot cost, estimated warranty costs, and closing costs applicable to the home. Sales commissions are classified within selling, general, and administrative expenses. The construction cost of the home includes amounts paid through the closing date of the home, plus an accrual for costs incurred but not yet paid. Total community land acquisition and development costs are based on an analysis of budgeted costs compared with actual costs incurred to date and estimates to complete. The development cycles for our communities range from under one year to in excess of ten years for certain master planned communities. Adjustments to estimated total land acquisition and development costs for the community affect the amounts costed for the community’s remaining lots. We test inventory for impairment when events and circumstances indicate that the undiscounted cash flows estimated to be generated by the community may be less than its carrying amount. Such indicators include gross margins or sales paces significantly below expectations, construction costs or land development costs significantly in excess of budgeted amounts, significant delays or changes in the planned development or strategy for the community, and other known qualitative factors. Communities that demonstrate potential impairment indicators are tested for impairment by comparing the expected undiscounted cash flows for the community to its carrying value. For those communities whose carrying values exceed the expected undiscounted cash flows, we estimate the fair value of the community, and impairment charges are recorded if the fair value of the community's inventory is less than its carrying value. See Note 2 . Land held for sale We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land held for sale is recorded at the lower of cost or fair value less costs to sell. In determining the value of land held for sale, we consider recent offers received, prices for land in recent comparable sales transactions, and other factors. We record net realizable value adjustments for land held for sale within Homebuilding land sale cost of revenues. See Note 2 . Land option agreements We enter into land option agreements in order to procure land for the construction of homes in the future. Pursuant to these land option agreements, we generally provide a deposit to the seller as consideration for the right to purchase land at different times in the future, usually at predetermined prices. Such contracts enable us to defer acquiring portions of properties owned by third parties or unconsolidated entities until we have determined whether and when to exercise our option, which may serve to reduce our financial risks associated with long-term land holdings. Option deposits and pre-acquisition costs (such as environmental testing, surveys, engineering, and entitlement costs) are capitalized if the costs are directly identifiable with the land under option, the costs would be capitalized if we owned the land, and acquisition of the property is probable. Such costs are reflected in other assets and are reclassified to inventory upon taking title to the land. We write off deposits and pre-acquisition costs when it becomes probable that we will not go forward with the project or recover the capitalized costs. Such decisions take into consideration changes in local market conditions, the timing of required land purchases, the availability and best use of necessary incremental capital, and other factors. We record any such write-offs of deposits and pre-acquisition costs within other expense, net. See Note 2 . If an entity holding the land under option is a variable interest entity (“VIE”), our deposit represents a variable interest in that entity. No VIEs required consolidation at either December 31, 2019 or 2018 because we determined that we were not the primary beneficiary. Our maximum exposure to loss related to these VIEs is generally limited to our deposits and pre-acquisition costs under the applicable land option agreements. The following provides a summary of our interests in land option agreements ($000’s omitted): December 31, 2019 December 31, 2018 Deposits and Remaining Purchase Deposits and Remaining Purchase Land options with VIEs $ 123,775 $ 1,466,585 $ 90,717 $ 1,079,507 Other land options 175,662 1,755,377 127,851 1,522,903 $ 299,437 $ 3,221,962 $ 218,568 $ 2,602,410 Warranty liabilities Home buyers are provided with a limited warranty against certain building defects, including a one-year comprehensive limited warranty and coverage for certain other aspects of the home's construction and operating systems for periods of up to (and in limited instances exceeding) 10 years. We estimate the costs to be incurred under these warranties and record a liability in the amount of such costs at the time revenue is recognized (see Note 11 ). Self-insured risks We maintain, and require the majority of our subcontractors to maintain, general liability insurance coverage, including coverage for certain construction defects. We also maintain builders' risk, property, errors and omissions, workers compensation, and other business insurance coverage. These insurance policies protect us against a portion of the risk of loss from claims, subject to certain self-insured per occurrence and aggregate retentions, deductibles, and available policy limits. However, we retain a significant portion of the overall risk for such claims. We reserve for these costs on an undiscounted basis at the time revenue is recognized for each home closing and evaluate the recorded liabilities based on actuarial analyses of our historical claims, which include estimates of claims incurred but not yet reported. Adjustments to estimated reserves are recorded in the period in which the change in estimate occurs. In certain instances, we have the ability to recover a portion of our costs under various insurance policies or from our subcontractors or other third parties. Estimates of such amounts are recorded when recovery is considered probable. See Note 11 . Residential mortgage loans available-for-sale Substantially all of the loans originated by us and their related servicing rights are sold in the secondary mortgage market within a short period of time after origination, generally within 30 days. In accordance with ASC 825, “Financial Instruments” (“ASC 825”), we use the fair value option to record residential mortgage loans available-for-sale. Election of the fair value option for these loans allows a better offset of the changes in fair values of the loans and the derivative instruments used to economically hedge them without having to apply complex hedge accounting provisions. We do not designate any derivative instruments as hedges or apply the hedge accounting provisions of ASC 815, “Derivatives and Hedging" ("ASC 815"). See Note 11 for discussion of the risks retained related to mortgage loan originations. Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment. Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. At December 31, 2019 and 2018 , residential mortgage loans available-for-sale had an aggregate fair value of $509.0 million and $461.4 million , respectively, and an aggregate outstanding principal balance of $494.1 million and $444.2 million , respectively. The net gain (loss) resulting from changes in fair value of these loans totaled $(0.6) million and $0.7 million for the years ended December 31, 2019 and 2018 , respectively. These changes in fair value were substantially offset by changes in fair value of the corresponding hedging instruments. Net gains from the sale of mortgages during 2019 , 2018 , and 2017 were $129.4 million , $111.3 million , and $110.9 million , respectively, and have been included in Financial Services revenues. Mortgage servicing rights We sell the servicing rights for the loans we originate through fixed price servicing sales contracts to reduce the risks and costs inherent in servicing loans. This strategy results in owning the servicing rights for only a short period of time. The servicing sales contracts provide for the reimbursement of payments made by the purchaser if loans prepay within specified periods of time, generally within 90 to 120 days after sale. We establish reserves for this exposure at the time the sale is recorded. Such reserves were immaterial at December 31, 2019 and 2018 . Interest income on mortgage loans Interest income on mortgage loans is recorded in Financial Services revenues, accrued from the date a mortgage loan is originated until the loan is sold, and totaled $9.7 million , $11.3 million , and $9.5 million in 2019 , 2018 , and 2017 , respectively. Loans are placed on non-accrual status once they become greater than 90 days past due their contractual terms. Subsequent payments received are applied according to the contractual terms of the loan. Mortgage discounts are not amortized as interest income due to the short period the loans are held until sale to third party investors. Derivative instruments and hedging activities We are party to interest rate lock commitments ("IRLCs") with customers resulting from our mortgage origination operations. At December 31, 2019 and 2018 , we had aggregate IRLCs of $255.3 million and $285.0 million , respectively, which were originated at interest rates prevailing at the date of commitment. Since we can terminate a loan commitment if the borrower does not comply with the terms of the contract, and some loan commitments may expire without being drawn upon, these commitments do not necessarily represent future cash requirements. We evaluate the creditworthiness of these transactions through our normal credit policies. We hedge our exposure to interest rate market risk relating to residential mortgage loans available-for-sale and IRLCs using forward contracts on mortgage-backed securities, which are commitments to either purchase or sell a specified financial instrument at a specified future date for a specified price, and whole loan investor commitments, which are obligations of an investor to buy loans at a specified price within a specified time period. Forward contracts on mortgage-backed securities are the predominant derivative financial instruments we use to minimize market risk during the period from the time we extend an interest rate lock to a loan applicant until the time the loan is sold to an investor. At December 31, 2019 and 2018 , we had unexpired forward contracts of $518.2 million and $511.0 million , respectively, and whole loan investor commitments of $200.7 million and $187.8 million , respectively. Changes in the fair value of IRLCs and other derivative financial instruments are recognized in Financial Services revenues, and the fair values are reflected in other assets or other liabilities, as applicable. There are no credit-risk-related contingent features within our derivative agreements, and counterparty risk is considered minimal. Gains and losses on IRLCs are substantially offset by corresponding gains or losses on forward contracts on mortgage-backed securities and whole loan investor commitments. We are generally not exposed to variability in cash flows of derivative instruments for more than approximately 60 days. The fair values of derivative instruments and their location in the Consolidated Balance Sheets are summarized below ($000’s omitted): December 31, 2019 December 31, 2018 Other Assets Other Liabilities Other Assets Other Liabilities Interest rate lock commitments $ 8,351 $ 149 $ 9,196 $ 161 Forward contracts 299 1,372 315 7,229 Whole loan commitments 880 284 393 1,111 $ 9,530 $ 1,805 $ 9,904 $ 8,501 New accounting pronouncements We adopted ASU No. 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting" ("ASU 2016-09"), effective January 1, 2017. Excess tax benefits or deficiencies for stock-based compensation are now reflected in the Consolidated Statements of Operations as a component of income tax expense, whereas previously they were recognized in equity. We have also elected to account for forfeitures as they occur, rather than estimate expected forfeitures. As a result of adopting ASU 2016-09, we applied the modified retrospective approach and recorded a cumulative-effect adjustment that increased our retained earnings and deferred tax assets as of January 1, 2017 by $18.6 million , as a result of previously unrecognized excess tax benefits (see Note 8 ). Additionally, the impact of recognizing excess tax benefits and deficiencies in the consolidated statement of operations resulted in a $7.7 million reduction in our income tax expense for 2017 . The remaining aspects of adopting ASU 2016-09 did not have a material impact on our financial statements. On January 1, 2018, we adopted ASC 606, a comprehensive new revenue recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services and satisfaction of performance obligations to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. We applied the modified retrospective method to contracts that were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported under the previous accounting standards. We recorded a net increase to opening retained earnings of $22.4 million , net of tax, as of January 1, 2018, due to the cumulative impact of adopting ASC 606, with the impact primarily related to the recognition of contract assets for insurance brokerage commission renewals. There was not a material impact to revenues as a result of applying ASC 606 and there have not been significant changes to our business processes, systems, or internal controls as a result of implementing the standard. On January 1, 2019, we adopted Accounting Standards Update (“ASU”) No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”) and related amendments using a modified retrospective approach with an effective date as of January 1, 2019. ASU 2016-02 requires leases with durations greater than 12 months to be recorded on balance sheet in our consolidated financial statements. Prior year financial statements were not required to be recast under the new standard and, therefore, have not been reflected as such in our consolidated financial statements. We elected the package of transition practical expedients, which allowed us to carry forward our historical assessment of (1) whether contracts are or contain leases, (2) lease classification, and (3) initial direct costs. The adoption of ASU 2016-02 had no impact on retained earnings. See Note 11 “Leases” for additional information about this adoption. In June 2016, the Financial Accounting Standards Board ("FASB") issued ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" ("ASU 2016-13"), which changes the impairment model for most financial as

Inventory And Land Held For Sal

Inventory And Land Held For Sale	12 Months Ended
	Dec. 31, 2019
Inventory Disclosure [Abstract]
Inventory and land held for sale	Inventory and land held for sale Major components of inventory at December 31, 2019 and 2018 were ($000’s omitted): 2019 2018 Homes under construction $ 2,899,016 $ 2,630,158 Land under development 4,347,107 4,129,225 Raw land 434,491 493,970 $ 7,680,614 $ 7,253,353 In all periods presented, we capitalized all Homebuilding interest costs into inventory because the level of our active inventory exceeded our debt levels. Activity related to interest capitalized into inventory is as follows ($000’s omitted): Years Ended December 31, 2019 2018 2017 Interest in inventory, beginning of period $ 227,495 $ 226,611 $ 186,097 Interest capitalized 164,114 172,809 181,719 Interest expensed (181,226 ) (171,925 ) (141,205 ) Interest in inventory, end of period $ 210,383 $ 227,495 $ 226,611 Land-related charges We recorded the following land-related charges ($000's omitted): Statement of Operations Classification 2019 2018 2017 Net realizable value adjustments ("NRV") - land held for sale Land sale cost of revenues $ 5,368 $ 11,489 $ 83,576 Land impairments Home sale cost of revenues 8,617 70,965 88,952 Impairments of unconsolidated entities Other expense, net — — 8,018 Write-offs of deposits and pre-acquisition costs Other expense, net 13,116 16,992 11,367 Total land-related charges $ 27,101 $ 99,446 $ 191,913 Land-related charges have not been a significant broad-based issue since the U.S. housing recovery began in 2012. However, we experienced changes to facts and circumstances related to specific individual communities in 2018 and 2017 that elevated such charges. As explained in Note 1 , we periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. The higher level of NRVs in 2017 were primarily the result of a plan we announced in May 2017 to sell select non-core and underutilized land parcels following a strategic review of our land portfolio. As part of that review, we determined that we would sell certain inactive land parcels, representing approximately 17 communities and 4,600 lots. These land parcels were located in diverse geographic areas and no longer fit into our strategic plans. The land parcels identified for sale included: land requiring significant additional development spend that would not yield suitable returns; land in excess of near-term need; and land entitled for certain product types inconsistent with our primary offerings. As a consequence of the change in strategy with respect to the future use of these land parcels, we recorded NRVs totaling $81.0 million in the three months ended June 30, 2017, related to inventory with a pre-NRV carrying value of $151.0 million . An additional $2.6 million of NRVs were recorded throughout 2017 as the result of adjustments to the aforementioned valuations as the sale process progressed or related to other land parcels we chose to sell. The estimated fair values of these inactive land parcels that were held for sale were generally based on comparisons to market comparable transactions, letters of intent, active negotiations with market participants, or similar market-based information supplemented in certain instances by estimated future net cash flows discounted for inherent risk associated with each underlying asset. The majority of these parcels were sold to third parties in either 2017 or 2018; such transactions are classified as land sale revenues. Land impairments relate to communities that are either active or that we intend to eventually open and build out. On a quarterly basis, we review each of our land positions for potential indicators of impairment and perform detailed impairment calculations for communities that display indicators of potential impairment. • In 2019, we recorded impairment charges of $8.6 million relating to a number of communities where we experienced slower sales paces and lower average selling prices. • In 2018, we received an unfavorable determination related to one of our communities that had been idle while pursuing entitlements for over 10 years. This unfavorable determination caused a significant reduction in the number of lots and necessitated certain changes to the expected product offering and land development that, combined with rising costs and a softening in demand in the applicable local market, resulted in an impairment of $59.2 million . Impairments for all other communities in 2018 totaled $11.8 million . • In 2017, our impairments resulted from: – As part of the May 2017 strategic review, we decided to accelerate the monetization of two communities through a combination of changing the product offerings and lowering the sales prices within the communities. This decision resulted in land impairments of $31.5 million in the three months ended June 30, 2017. – Separately, we recorded an impairment charge of $53.0 million related to one large project. This impairment resulted from increases in our estimates for future land development and house construction costs combined with lower pricing and slower sales paces for this project, which is located in an area where competitive conditions limit our ability to offset our cost increases through higher sales prices. Impairments for all other communities in 2017 totaled $4.5 million . We determine the fair value of a community's inventory using a combination of discounted cash flow models and market comparable transactions, where available. These estimated cash flows are significantly impacted by estimates related to expected average selling prices, expected sales paces, expected land development and construction timelines, and anticipated land development, construction, and overhead costs. The assumptions used in the cash flow models are specific to each community and typically do not assume improvements in market conditions in the near term. The discount rate used in determining each community's fair value depends on the stage of development of the community and other specific factors that increase or decrease the inherent risks associated with the community's cash flow streams. Accordingly, determining the fair value of a community's inventory involves a number of variables, many of which are interrelated. The table below summarizes certain quantitative unobservable inputs utilized in determining the fair value of impaired communities ($000's omitted): Communities Impaired Fair Value of Communities Impaired, Net of Impairment Charges Impairment Charges Average Selling Price Quarterly Sales Pace (homes) Discount Rate 2019 5 $ 12,589 $ 8,617 $284 to $550 1 to 6 12% to 14% 2018 8 $ 24,062 $ 70,965 $287 to $586 2 to 11 12% to 22% 2017 9 $ 19,252 $ 88,952 $207 to $818 1 to 11 12% to 25% Our evaluations for impairments are based on our best estimates of the future cash flows for our communities. Due to uncertainties in the estimation process, the significant volatility in demand for new housing, the long life cycles of certain of our communities, and potential changes in our strategy related to certain communities, actual results could differ significantly from such estimates.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Segment information	Segment information Our Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the U.S. and the construction of housing on such land. Home sale revenues for detached and attached homes were $8.3 billion and $1.6 billion in 2019 , $8.2 billion and $1.6 billion in 2018 , and $7.3 billion and $1.1 billion in 2017 , respectively. For reporting purposes, our Homebuilding operations are aggregated into six reportable segments: Northeast: Connecticut, Maryland, Massachusetts, New Jersey, Pennsylvania, Virginia Southeast: Georgia, North Carolina, South Carolina, Tennessee Florida: Florida Midwest: Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio Texas: Texas West: Arizona, California, Nevada, New Mexico, Washington We also have a reportable segment for our Financial Services operations, which consist principally of mortgage banking, title, and insurance brokerage operations. The Financial Services segment operates generally in the same markets as the Homebuilding segments. Evaluation of segment performance is generally based on income before income taxes. Each reportable segment generally follows the same accounting policies described in Note 1 . Operating Data by Segment ($000’s omitted) Years Ended December 31, 2019 2018 2017 Revenues: Northeast $ 797,963 $ 839,700 $ 693,877 Southeast 1,684,655 1,746,161 1,564,116 Florida 2,074,194 1,944,170 1,494,389 Midwest 1,495,037 1,497,389 1,450,192 Texas 1,389,211 1,301,004 1,168,755 West 2,537,466 2,654,525 2,014,197 9,978,526 9,982,949 8,385,526 Financial Services 234,431 205,382 192,160 Consolidated revenues $ 10,212,957 $ 10,188,331 $ 8,577,686 Income before income taxes (a) : Northeast $ 116,221 $ 29,629 $ 21,190 Southeast (b) 175,763 202,639 122,532 Florida (b) 309,596 289,418 208,825 Midwest 184,438 179,568 178,231 Texas 195,751 193,946 182,862 West (c) 386,361 511,828 229,504 Other homebuilding (d) (131,869 ) (118,224 ) (77,812 ) 1,236,261 1,288,804 865,332 Financial Services 103,315 58,736 73,496 Consolidated income before income taxes $ 1,339,576 $ 1,347,540 $ 938,828 (a) Includes certain land-related charges (see the following table and Note 2 ). (b) Includes warranty charges totaling $14.8 million in 2019 related to a closed-out community in Southeast and $12.4 million in 2017 related to a closed-out community in Florida (see Note 11 ). (c) West includes gains of $26.4 million in 2018 related to two land sale transactions in California. (d) Other homebuilding includes the amortization of intangible assets, amortization of capitalized interest, and other items not allocated to the operating segments. Also included are write-offs of insurance receivables associated with the resolution of certain insurance matters totaling $22.6 million and $29.6 million in 2019 and 2017, respectively (see Note 11 ), and general liability insurance reserve reversals of $49.4 million , $35.9 million , and $97.8 million in 2019 , 2018 and 2017 , respectively (see Note 11 ). Operating Data by Segment ($000's omitted) 2019 2018 2017 Land-related charges*: Northeast $ 1,122 $ 74,488 $ 51,362 Southeast 15,697 8,140 55,689 Florida 2,811 1,166 9,702 Midwest 2,581 7,361 8,917 Texas 1,151 1,204 2,521 West 2,568 5,159 56,996 Other homebuilding 1,171 1,928 6,726 $ 27,101 $ 99,446 $ 191,913 * Land-related charges include land impairments, net realizable value adjustments for land held for sale, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue. Other homebuilding consists primarily of write-offs of capitalized interest related to such land-related charges. See Note 2 for additional discussion of these charges. Operating Data by Segment ($000's omitted) Years Ended December 31, 2019 2018 2017 Depreciation and amortization: Northeast $ 1,962 $ 2,093 $ 2,392 Southeast 4,448 5,231 5,117 Florida 5,775 4,893 4,883 Midwest 4,417 4,271 4,449 Texas 3,423 3,082 3,301 West 9,317 6,758 5,828 Other homebuilding (a) 19,553 18,908 21,326 48,895 45,236 47,296 Financial Services 5,104 4,193 3,702 $ 53,999 $ 49,429 $ 50,998 (a) Other homebuilding includes amortization of intangible assets. Operating Data by Segment ($000's omitted) December 31, 2019 Homes Under Land Under Raw Land Total Total Northeast $ 345,644 $ 242,666 $ 25,098 $ 613,408 $ 698,661 Southeast 430,008 724,258 72,804 1,227,070 1,354,086 Florida 539,895 894,716 99,228 1,533,839 1,700,198 Midwest 315,822 464,733 31,881 812,436 886,889 Texas 343,230 447,707 84,926 875,863 949,236 West 881,551 1,289,255 105,606 2,276,412 2,538,803 Other homebuilding (a) 42,866 283,772 14,948 341,586 1,953,440 2,899,016 4,347,107 434,491 7,680,614 10,081,313 Financial Services — — — — 634,284 $ 2,899,016 $ 4,347,107 $ 434,491 $ 7,680,614 $ 10,715,597 December 31, 2018 Homes Under Land Under Raw Land Total Total Northeast $ 268,900 $ 291,467 $ 52,245 $ 612,612 $ 704,515 Southeast 443,140 676,087 90,332 1,209,559 1,347,427 Florida 467,625 892,669 85,321 1,445,615 1,601,906 Midwest 314,442 433,056 29,908 777,406 849,596 Texas 284,405 427,124 98,415 809,944 881,629 West 805,709 1,131,841 118,579 2,056,129 2,208,092 Other homebuilding (a) 45,937 276,981 19,170 342,088 2,006,825 2,630,158 4,129,225 493,970 7,253,353 9,599,990 Financial Services — — — — 572,986 $ 2,630,158 $ 4,129,225 $ 493,970 $ 7,253,353 $ 10,172,976 (a) Other homebuilding primarily includes cash and equivalents, capitalized interest, intangibles, deferred tax assets, and other corporate items that are not allocated to the operating segments.

Investments In Unconsolidated E

Investments In Unconsolidated Entities	12 Months Ended
	Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Investments In unconsolidated entities	Investments in unconsolidated entities We participate in a number of joint ventures and other investments with independent third parties. These entities generally purchase, develop, and sell land, including selling land to us for use in our homebuilding operations. A summary of our investments in such entities is presented below ($000’s omitted): December 31, 2019 2018 Investments in joint ventures with limited recourse debt $ 39,527 $ 31,551 Investments in joint ventures with debt non-recourse to PulteGroup 3,655 3,471 Investments in other unconsolidated entities 16,584 19,568 Total investments in unconsolidated entities $ 59,766 $ 54,590 Total joint venture debt $ 775 $ 42,948 PulteGroup proportionate share of joint venture debt: Joint venture debt with limited recourse guaranties $ — $ 21,059 Joint venture debt non-recourse to PulteGroup 205 217 PulteGroup's total proportionate share of joint venture debt $ 205 $ 21,276 In 2019 , 2018 , and 2017 , we recognized earnings (losses) from unconsolidated joint ventures of $0.7 million , $2.7 million , and $(2.0) million , respectively. We received distributions from our unconsolidated joint ventures of $5.1 million , $12.1 million , and $9.4 million , in 2019 , 2018 , and 2017 , respectively. We made capital contributions of $9.5 million , $1.0 million and $23.0 million in 2019 , 2018 , and 2017 , respectively. The timing of cash flows related to a joint venture and any related financing agreements varies by agreement. If additional capital contributions are required and approved by the joint venture, we would need to contribute our pro rata portion of those capital needs in order to not dilute our ownership in the joint ventures. While future capital contributions may be required, we believe the total amount of such contributions will be limited. Our maximum financial exposure related to joint ventures is unlikely to exceed the combined investment and limited recourse guaranty totals.

Debt

Debt	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Debt	5. Debt Our notes payable are summarized as follows ($000’s omitted): December 31, 2019 2018 4.250% unsecured senior notes due March 2021 (a) $ 425,954 $ 700,000 5.500% unsecured senior notes due March 2026 (a) 700,000 700,000 5.000% unsecured senior notes due January 2027 (a) 600,000 600,000 7.875% unsecured senior notes due June 2032 (a) 300,000 300,000 6.375% unsecured senior notes due May 2033 (a) 400,000 400,000 6.000% unsecured senior notes due February 2035 (a) 300,000 300,000 Net premiums, discounts, and issuance costs (b) (14,295 ) (13,247 ) Total senior notes $ 2,711,659 $ 2,986,753 Other notes payable 53,381 41,313 Notes payable $ 2,765,040 $ 3,028,066 Estimated fair value $ 3,152,046 $ 2,899,143 (a) Redeemable prior to maturity; guaranteed on a senior basis by certain wholly-owned subsidiaries. (b) The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes. The indentures governing the senior notes impose certain restrictions on the incurrence of additional debt along with other limitations. At December 31, 2019 , we were in compliance with all of the covenants and requirements under the senior notes. Refer to Note 12 for supplemental consolidating financial information. Other notes payable include non-recourse and limited recourse collateralized notes with third parties that totaled $53.4 million and $41.3 million at December 31, 2019 and 2018 , respectively. These notes have maturities ranging up to three years , are secured by the applicable land positions to which they relate, and have no recourse to any other assets. The stated interest rates on these notes range up to 8.00% . We retired outstanding debt totaling $310.0 million , $82.8 million , and $134.7 million during 2019 , 2018 , and 2017 , respectively. The retirements in 2019 included a tender offer to retire $274.0 million of our unsecured senior notes maturing in 2021 which resulted in a loss of $4.9 million , which included the write-off of debt issuance costs, unamortized discounts and premiums, and transaction fees related to the repurchased debt, and is reflected in other expense, net. Revolving credit facility We maintain a revolving credit facility ("Revolving Credit Facility") maturing in June 2023 that has a maximum borrowing capacity of $1.0 billion and contains an uncommitted accordion feature that could increase the capacity to $1.5 billion , subject to certain conditions and availability of additional bank commitments. The Revolving Credit Facility also provides for the issuance of letters of credit that reduce the available borrowing capacity under the Revolving Credit Facility, with a sublimit of $500.0 million at December 31, 2019 . The interest rate on borrowings under the Revolving Credit Facility may be based on either the London Interbank Offered Rate ("LIBOR") or a base rate plus an applicable margin, as defined therein. In the event that LIBOR is no longer widely available, the agreement contemplates transitioning to an alternative widely available market rate agreeable between the parties. We had no borrowings outstanding and $262.8 million and $239.4 million of letters of credit issued under the Revolving Credit Facility at December 31, 2019 and 2018 , respectively. The Revolving Credit Facility contains financial covenants that require us to maintain a minimum Tangible Net Worth, a minimum Interest Coverage Ratio, and a maximum Debt-to-Capitalization Ratio (as each term is defined in the Revolving Credit Facility). As of December 31, 2019 , we were in compliance with all covenants. Outstanding balances under the Revolving Credit Facility are guaranteed by certain of our wholly-owned subsidiaries. Our available and unused borrowings under the Revolving Credit Facility, net of outstanding letters of credit, amounted to $737.2 million and $760.6 million as of December 31, 2019 and 2018 , respectively. Pulte Mortgage Pulte Mortgage maintains a master repurchase agreement with third party lenders. In August 2019 , Pulte Mortgage entered into an amended and restated repurchase agreement (the “Repurchase Agreement”) that extended the maturity date to July 2020 . The maximum aggregate commitment was $375.0 million during the seasonally high borrowing period from December 26, 2019 through January 13, 2020 . At all other times, the maximum aggregate commitment ranges from $220.0 million to $270.0 million . The purpose of the changes in capacity during the term of the agreement is to lower associated fees during seasonally lower volume periods of mortgage origination activity. Borrowings under the Repurchase Agreement are secured by residential mortgage loans available-for-sale. The Repurchase Agreement contains various affirmative and negative covenants applicable to Pulte Mortgage, including quantitative thresholds related to net worth, net income, and liquidity. Pulte Mortgage had $326.6 million and $348.4 million outstanding under the Repurchase Agreement at December 31, 2019 , and 2018 , respectively, and was in compliance with its covenants and requirements as of such dates. The following is aggregate borrowing information for our mortgage operations ($000’s omitted): December 31, 2019 2018 Available credit lines $ 375,000 $ 520,000 Unused credit lines $ 48,427 $ 171,588 Weighted-average interest rate 4.16 % 4.27 %

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2019
Stockholders' Equity Note [Abstract]
Shareholders' equity	Shareholders’ equity Our declared quarterly cash dividends totaled $124.4 million , $108.5 million , and $110.0 million in 2019 , 2018 , and 2017 , respectively. Under a share repurchase program authorized by our Board of Directors, we repurchased 8.4 million , 10.9 million , and 35.4 million shares in 2019 , 2018 , and 2017 , respectively, for a total of $274.3 million , $294.6 million , and $910.3 million in 2019 , 2018 , and 2017 , respectively. At December 31, 2019 , we had remaining authorization to repurchase $525.5 million of common shares. Under our stock compensation plans, we accept shares as payment under certain conditions related to stock option exercises and vesting of restricted shares and share units, generally related to the payment of tax obligations. During 2019 , 2018 , and 2017 , employees surrendered shares valued at $11.5 million , $7.9 million , and $6.0 million , respectively, under these plans. Such share transactions are excluded from the above noted share repurchase authorization.

Stock Compensation Plans

Stock Compensation Plans	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock compensation plans	Stock compensation plans We maintain a stock award plan for both employees and non-employee directors. The plan provides for the grant of a variety of equity awards, including options (generally non-qualified options), restricted shares, restricted share units ("RSUs"), and performance shares to key employees (as determined by the Compensation and Management Development Committee of the Board of Directors) for periods not to exceed ten years . Non-employee directors are awarded an annual distribution of common shares. Options granted to employees generally vest incrementally over four years and are generally exercisable for ten years from the vest date. Shares issued upon the exercise of a stock option are from newly issued shares. RSUs represent the right to receive an equal number of common shares and are converted into common shares upon distribution. RSUs generally cliff vest after three years . RSU holders receive cash dividends during the vesting period. Performance shares vest upon attainment of the stated performance targets and minimum service requirements and are converted into common shares upon distribution. As of December 31, 2019 , there were 23.6 million shares that remained available for grant under the plan. Our stock compensation expense for the three years ended December 31, 2019 , is presented below ($000's omitted): 2019 2018 2017 RSUs and performance shares $ 21,538 $ 20,145 $ 24,207 Long-term incentive plans 6,830 8,145 9,476 $ 28,368 $ 28,290 $ 33,683 Stock options A summary of stock option activity for the three years ended December 31, 2019 , is presented below (000’s omitted, except per share data): 2019 2018 2017 Shares Weighted- Average Per Share Exercise Price Shares Weighted- Average Per Share Exercise Price Shares Weighted- Average Per Share Exercise Price Outstanding, beginning of year 563 $ 12 1,168 $ 11 3,623 $ 12 Granted — — — — — — Exercised (547 ) 12 (605 ) 11 (2,353 ) 12 Forfeited — — — — (102 ) 28 Outstanding, end of year 16 $ 8 563 $ 12 1,168 $ 11 Options exercisable at year end 16 $ 8 563 $ 12 1,168 $ 11 We did not issue any stock options during 2019 , 2018 , or 2017 . As a result, there is no unrecognized compensation cost related to stock option awards at December 31, 2019 . The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option. The aggregate intrinsic value of stock options that were exercised during 2019 , 2018 , and 2017 was $10.5 million , $11.7 million , and $31.1 million , respectively. As of December 31, 2019 , options outstanding, all of which were exercisable, had an intrinsic value of $0.5 million and an exercise price of $8 . Restricted shares (including RSUs and performance shares) A summary of restricted share activity, including RSUs and performance shares, for the three years ended December 31, 2019 , is presented below (000’s omitted, except per share data): 2019 2018 2017 Shares Weighted- Average Per Share Grant Date Fair Value Shares Weighted- Average Per Share Grant Date Fair Value Shares Weighted- Average Per Share Grant Date Fair Value Outstanding, beginning of year 3,074 $ 23 3,271 $ 19 2,974 $ 19 Granted 932 27 833 31 1,251 21 Distributed (1,181 ) 17 (786 ) 22 (775 ) 19 Forfeited (144 ) 26 (244 ) 22 (179 ) 19 Outstanding, end of year 2,681 $ 26 3,074 $ 23 3,271 $ 19 Vested, end of year 153 $ 20 129 $ 21 152 $ 17 During 2019 , 2018 , and 2017 , the total fair value of shares vested during the year was $20.0 million , $17.1 million , and $15.0 million , respectively. Unamortized compensation cost related to restricted share awards was $19.7 million at December 31, 2019 . These costs will be expensed over a weighted-average period of approximately 2 years . Additionally, there were 0.2 million RSUs outstanding at December 31, 2019 , that had vested but had not yet been paid out because the payout date had been deferred by the holders. Long-term incentive plans We maintain long-term incentive plans for senior management and other employees that provide awards based on the achievement of stated performance targets over three -year periods. Awards are stated in dollars but are settled in common shares based on the stock price at the end of the performance period. If the share price falls below a floor of $5.00 per share at the end of the performance period or we do not have a sufficient number of shares available under our stock incentive plans at the time of settlement, then a portion of each award will be paid in cash. We adjust the liabilities and recognize the expense associated with the awards based on the probability of achieving the stated performance targets at each reporting period. Liabilities for these awards totaled $15.0 million and $17.0 million at December 31, 2019 and 2018 , respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income taxes	Income taxes Components of current and deferred income tax expense (benefit) are as follows ($000’s omitted): 2019 2018 2017 Current expense (benefit) Federal $ 196,186 $ (44,462 ) $ 81,101 State and other 21,252 7,202 (11,801 ) $ 217,438 $ (37,260 ) $ 69,300 Deferred expense (benefit) Federal $ 74,700 $ 271,544 $ 444,695 State and other 30,738 91,233 (22,388 ) $ 105,438 $ 362,777 $ 422,307 Income tax expense (benefit) $ 322,876 $ 325,517 $ 491,607 The following table reconciles the statutory federal income tax rate to the effective income tax rate: 2019 2018 2017 Income taxes at federal statutory rate 21.0 % 21.0 % 35.0 % State and local income taxes, net of federal tax 3.7 4.0 3.1 Tax accounting method change — (2.5 ) — Changes in tax laws, including the Tax Act 0.2 1.0 18.3 Deferred tax asset valuation allowance (0.4 ) 0.9 (1.1 ) Tax contingencies (0.1 ) 0.1 (1.0 ) Other (0.3 ) (0.3 ) (1.9 ) Effective rate 24.1 % 24.2 % 52.4 % In December 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act made broad and complex changes to the U.S. tax code, including, but not limited to, the following that impact us: (1) reducing the U.S. federal corporate rate from 35 percent to 21 percent; (2) eliminating the corporate alternative minimum tax; (3) creating a new limitation on deductible interest expense; (4) repealing the domestic production activities deduction; (5) limiting the deductibility of certain executive compensation; and (6) limiting certain other deductions. As the result of the Tax Act, we recorded net tax expense of $172.1 million in 2017 related to the remeasurement of our deferred tax balances and other effects. The 2019 and 2018 effective tax rates utilize the reduced 21% tax rate due to the Tax Act while the 2017 effective tax rate utilizes the prior 35% tax rate but reflects the revaluation of deferred taxes due to the Tax Act’s enactment. The 2019 effective tax rate differs from the federal statutory rate primarily due to state income tax expense on current year earnings, changes in valuation allowances relating to projected utilization of certain state net operating loss carryforwards, and state tax law changes. The 2018 effective tax rate differs from the federal statutory rate primarily due to state income tax expense on current year earnings, tax benefits due to Internal Revenue Service (IRS) acceptance of a tax accounting method change applicable to the 2017 tax year, valuation allowances relating to projected utilization of certain state net operating loss carryforwards, and state tax law changes. The acceptance of the tax accounting method change provided a deferral of profit on home sales, which resulted in a favorable adjustment in 2018 due to the tax rate reduction in the Tax Act. The 2017 effective tax rate differs from the federal statutory rate primarily due to remeasurement of deferred taxes resulting from the enactment of the Tax Act, state income tax expense on current year earnings, the favorable resolution of certain state income tax matters, the domestic production activities deduction, and state tax law changes. Deferred tax assets and liabilities reflect temporary differences arising from the different treatment of items for tax and accounting purposes. Components of our net deferred tax asset are as follows ($000’s omitted): At December 31, 2019 2018 Deferred tax assets: Accrued insurance $ 142,515 $ 144,225 Inventory valuation reserves 97,585 132,495 Other 64,373 50,237 NOL carryforwards: Federal 12,962 27,122 State 200,710 228,959 Tax credits 8,648 7,692 526,793 590,730 Deferred tax liabilities: Deferred income (228,186 ) (195,596 ) Intangibles and other (44,547 ) (26,966 ) (272,733 ) (222,562 ) Valuation allowance (83,953 ) (92,589 ) Net deferred tax asset $ 170,107 $ 275,579 Our federal NOL carryforward deferred tax asset of $13.0 million expires, if unused, between 2031 and 2032 . We also have state NOLs in various jurisdictions which may generally be carried forward up to 20 years, depending on the jurisdiction. Our state NOL carryforward deferred tax assets will expire if unused at various dates as follows: $35.9 million from 2020 to 2024 and $164.8 million from 2025 and thereafter. We evaluate our deferred tax assets each period to determine if a valuation allowance is required based on whether it is "more likely than not" that some portion of the deferred tax assets would not be realized. The ultimate realization of these deferred tax assets is dependent upon the generation of sufficient taxable income during future periods. We conduct our evaluation by considering all available positive and negative evidence. This evaluation considers, among other factors, historical operating results, forecasts of future profitability, the duration of statutory carryforward periods, and the outlooks for the U.S. housing industry and broader economy. The accounting for deferred taxes is based upon estimates of future results. Differences between estimated and actual results could result in changes in the valuation of our deferred tax assets that could have a material impact on our consolidated results of operations or financial position. Changes in existing tax laws could also affect actual tax results and the realization of deferred tax assets over time. Unrecognized tax benefits represent the difference between tax positions taken or expected to be taken in a tax return and the benefits recognized for financial statement purposes. We had $40.3 million and $30.6 million of gross unrecognized tax benefits at December 31, 2019 and 2018 , respectively. If recognized, $21.6 million and $19.7 million , respectively, of these amounts would impact our effective tax rate. Additionally, we had accrued interest and penalties of $6.5 million and $5.8 million at December 31, 2019 and 2018 , respectively. It is reasonably possible within the next twelve months that our gross unrecognized tax benefits may decrease by up to $23.0 million , excluding interest and penalties, primarily due to potential settlements. A reconciliation of the change in the unrecognized tax benefits is as follows ($000’s omitted): 2019 2018 2017 Unrecognized tax benefits, beginning of period $ 30,554 $ 48,604 $ 21,502 Increases related to positions taken during a prior period 2,376 5,389 20,555 Decreases related to positions taken during a prior period (7,918 ) (31,850 ) (9,665 ) Increases related to positions taken during the current period 16,332 8,411 18,895 Decreases related to settlements with taxing authorities (1,044 ) — — Decreases related to lapse of the applicable statute of limitations — — (2,683 ) Unrecognized tax benefits, end of period $ 40,300 $ 30,554 $ 48,604 We continue to participate in the Compliance Assurance Process (“CAP”) with the IRS as an alternative to the traditional IRS examination process. As a result of our participation in CAP, federal tax years 2017 and prior are closed. Tax year 2018 is expected to close by the first quarter of 2020. We are also currently under examination by various state taxing jurisdictions and anticipate finalizing certain of the examinations within the next twelve months. The outcome of these examinations is not yet determinable. The statute of limitations for our major tax jurisdictions remains open for examination for tax years 2015 to 2019 .

Fair Value Disclosures

Fair Value Disclosures	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair value disclosures	Fair value disclosures ASC 820, “Fair Value Measurements and Disclosures,” provides a framework for measuring fair value in generally accepted accounting principles and establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The fair value hierarchy can be summarized as follows: Level 1 Fair value determined based on quoted prices in active markets for identical assets or liabilities. Level 2 Fair value determined using significant observable inputs, generally either quoted prices in active markets for similar assets or liabilities or quoted prices in markets that are not active. Level 3 Fair value determined using significant unobservable inputs, such as pricing models, discounted cash flows, or similar techniques Our assets and liabilities measured or disclosed at fair value are summarized below ($000’s omitted): Financial Instrument Fair Value Fair Value December 31, December 31, Measured at fair value on a recurring basis: Residential mortgage loans available-for-sale Level 2 $ 508,967 $ 461,354 Interest rate lock commitments Level 2 8,202 9,035 Forward contracts Level 2 (1,073 ) (6,914 ) Whole loan commitments Level 2 596 (718 ) Measured at fair value on a non-recurring basis: House and land inventory Level 3 $ 9,979 $ 18,253 Land held for sale Level 2 4,193 17,813 Disclosed at fair value: Cash and equivalents (including restricted cash) Level 1 $ 1,251,456 $ 1,133,700 Financial Services debt Level 2 326,573 348,412 Other notes payable Level 2 53,381 41,313 Senior notes payable Level 2 3,098,665 2,857,830 Fair values for agency residential mortgage loans available-for-sale are determined based on quoted market prices for comparable instruments. Fair values for non-agency residential mortgage loans available-for-sale are determined based on purchase commitments from whole loan investors and other relevant market information available to management. Fair values for interest rate lock commitments, including the value of servicing rights, and forward contracts on mortgage-backed securities are valued based on market prices for similar instruments. Fair values for whole loan commitments are based on market prices for similar instruments from the specific whole loan investor. Certain assets are required to be recorded at fair value on a non-recurring basis when events and circumstances indicate that the carrying value may not be recoverable. The non-recurring fair values included in the above table represent only those assets whose carrying values were adjusted to fair value during the quarterly period ended as of the respective balance sheet dates. See Note 1 for a more detailed discussion of the valuation methods used for inventory. The carrying amounts of cash and equivalents, Financial Services debt, Other notes payable and the Revolving Credit Facility approximate their fair values due to their short-term nature and floating interest rate terms. The fair values of the Senior notes payable are based on quoted market prices, when available. If quoted market prices are not available, fair values are based on quoted market prices of similar issues. The carrying value of the senior notes payable was $2.8 billion and $3.0 billion at December 31, 2019 and 2018 , respectively.

Other Assets and Accrued and Ot

Other Assets and Accrued and Other Liabilities	12 Months Ended
	Dec. 31, 2019
Other Assets and Accrued and Other Liabilities [Abstract]
Other assets and accrued and other liabilities	Other assets and accrued and other liabilities Other assets are presented below ($000’s omitted): December 31, 2019 2018 Accounts and notes receivable: Insurance receivables (Note 11) $ 118,366 $ 152,987 Other receivables 129,781 136,319 248,147 289,306 Prepaid expenses 123,220 131,523 Deposits and pre-acquisition costs (Note 1) 299,437 218,568 Property and equipment, net (Note 1) 111,713 92,935 Right-of-use assets ( Note 11 ) (a) 70,029 — Income taxes receivable 2,285 58,090 Other 40,855 39,937 $ 895,686 $ 830,359 (a) Right-of-use assets have no balance at December 31, 2018 as a result of the Company's adoption of ASU 2016-02 using a modified retrospective approach with an effective date of January 1, 2019 ( Note 11 ). We record receivables from various parties in the normal course of business, including amounts due from insurance companies (see Note 11 ) and municipalities. In certain instances, we may accept consideration for land sales or other transactions in the form of a note receivable. Accrued and other liabilities are presented below ($000’s omitted): December 31, 2019 2018 Self-insurance liabilities (Note 11) $ 709,798 $ 737,013 Compensation-related liabilities 171,533 161,068 Lease liabilities ( Note 11 ) (a) 91,408 — Warranty liabilities (Note 11) 91,389 79,154 Accrued interest 48,483 52,521 Loan origination liabilities (Note 11) 25,159 50,282 Other 261,598 280,445 $ 1,399,368 $ 1,360,483 (a) Lease liabilities have no balance at December 31, 2018 as a result of the Company's adoption of ASU 2016-02 using a modified retrospective approach with an effective date of January 1, 2019 ( Note 11 ).

Commitments And Contingencies

Commitments And Contingencies	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Commitments and contingencies Loan origination liabilities Our mortgage operations may be responsible for losses associated with mortgage loans originated and sold to investors in the event of errors or omissions relating to representations and warranties made by us that the loans met certain requirements, including representations as to underwriting standards, the existence of primary mortgage insurance, and the validity of certain borrower representations in connection with the loan. If a loan is determined to be faulty, we either indemnify the investor for potential future losses, repurchase the loan from the investor, or reimburse the investor's actual losses. CTX Mortgage Company, LLC ("CTX Mortgage") was the mortgage subsidiary of Centex and ceased originating loans in December 2009. In the matter Lehman Brothers Holdings, Inc. ("Lehman") in the U.S. Bankruptcy Court in the Southern District of New York, Lehman has initiated an adversary proceeding against CTX Mortgage seeking indemnity for loans sold to it by CTX Mortgage prior to 2009. This claim is part of a broader action by Lehman in U.S. Bankruptcy Court against more than 100 mortgage originators and brokers. On August 13, 2018, the court denied a motion to dismiss filed by CTX Mortgage and other defendants, and on December 17, 2018, Lehman filed an amended adversary complaint against CTX Mortgage. Lehman's complaint alleges claims for indemnifiable losses of up to $261.0 million due from CTX Mortgage. We believe that CTX Mortgage has meritorious defenses and CTX Mortgage will continue to vigorously defend itself in this matter. We have recorded a liability for an amount that we consider to be the best estimate within a range of potential losses. In addition, both CTX Mortgage and Pulte Mortgage sold certain loans originated prior to 2009 to financial institutions for inclusion in residential mortgage-backed securities or other securitizations issued by such financial institutions. In connection with such sales, CTX Mortgage and Pulte Mortgage have been put on notice of potential direct and / or third party claims for indemnification arising out of litigation relating to certain of these residential mortgage-backed securities or other securitizations and both CTX Mortgage and Pulte Mortgage have a pending litigation matter relating to such claims. We cannot yet quantify CTX Mortgage's or Pulte Mortgage's potential liability as a result of these indemnification obligations. We do not believe, however, that these matters will have a material adverse impact on the results of operations, financial position, or cash flows of the Company. Estimating the required liability for these potential losses requires a significant level of management judgment. During 2018 , we increased our loan origination liabilities by $16.1 million based on settlements or probable settlements of a number of claims related to loans originated by CTX Mortgage prior to 2009. Reserves provided (released) are reflected in Financial Services expenses. Changes in these liabilities were as follows ($000's omitted): 2019 2018 2017 Liabilities, beginning of period $ 50,282 $ 34,641 $ 35,114 Reserves provided (released), net (225 ) 16,130 (50 ) Payments (24,898 ) (489 ) (423 ) Liabilities, end of period $ 25,159 $ 50,282 $ 34,641 Given the unsettled litigation, changes in values of underlying collateral over time, unpredictable factors inherent in litigation, and other uncertainties regarding the ultimate resolution of these claims, actual costs could differ from our current estimates. Community development and other special district obligations A community development district or similar development authority (“CDD”) is a unit of local government created under various state statutes that utilizes the proceeds from the sale of bonds to finance the construction or acquisition of infrastructure assets of a development. A portion of the liability associated with the bonds, including principal and interest, is assigned to each parcel of land within the development. This debt is typically paid by subsequent special assessments levied by the CDD on the landowners. Generally, we are only responsible for paying the special assessments for the period during which we are the landowner of the applicable parcels. Letters of credit and surety bonds In the normal course of business, we post letters of credit and surety bonds pursuant to certain performance-related obligations, as security for certain land option agreements, and under various insurance programs. The majority of these letters of credit and surety bonds are in support of our land development and construction obligations to various municipalities, other government agencies, and utility companies related to the construction of roads, sewers, and other infrastructure. We had outstanding letters of credit and surety bonds totaling $262.8 million and $1.4 billion , respectively, at December 31, 2019 , and $239.4 million and $1.3 billion , respectively, at December 31, 2018 . In the event any such letter of credit or surety bonds is drawn, we would be obligated to reimburse the issuer of the letter of credit or surety bond. We do not believe that a material amount, if any, of the letters of credit or surety bonds will be drawn. Our surety bonds generally do not have stated expiration dates; rather, we are released from the surety bonds as the underlying contractual performance is completed. Because significant construction and development work has been performed related to the applicable projects but has not yet received final acceptance by the respective counterparties, the aggregate amount of surety bonds outstanding is in excess of the projected cost of the remaining work to be performed. Litigation and regulatory matters We are involved in various litigation and legal claims in the normal course of our business operations, including actions brought on behalf of various classes of claimants. We are also subject to a variety of local, state, and federal laws and regulations related to land development activities, house construction standards, sales practices, mortgage lending operations, employment practices, and protection of the environment. As a result, we are subject to periodic examination or inquiry by various governmental agencies that administer these laws and regulations. We establish liabilities for legal claims and regulatory matters when such matters are both probable of occurring and any potential loss is reasonably estimable. We accrue for such matters based on the facts and circumstances specific to each matter and revise these estimates as the matters evolve. In such cases, there may exist an exposure to loss in excess of any amounts currently accrued. In view of the inherent difficulty of predicting the outcome of these legal and regulatory matters, we generally cannot predict the ultimate resolution of the pending matters, the related timing, or the eventual loss. While the outcome of such contingencies cannot be predicted with certainty, we do not believe that the resolution of such matters will have a material adverse impact on our results of operations, financial position, or cash flows. However, to the extent the liability arising from the ultimate resolution of any matter exceeds the estimates reflected in the recorded reserves relating to such matter, we could incur additional charges that could be significant. Warranty liabilities Factors that affect our warranty liabilities include the number of homes sold, historical and anticipated rates of warranty claims, and the projected cost of claims. We periodically assess the adequacy of the warranty liabilities for each geographic market in which we operate and adjust the amounts as necessary. Actual warranty costs in the future could differ from the current estimates. Changes in warranty liabilities were as follows ($000’s omitted): 2019 2018 2017 Warranty liabilities, beginning of period $ 79,154 $ 72,709 $ 66,134 Reserves provided 60,818 65,567 50,014 Payments (75,635 ) (64,525 ) (58,780 ) Other adjustments (a) 27,052 5,403 15,341 Warranty liabilities, end of period $ 91,389 $ 79,154 $ 72,709 (a) Includes charges totaling $14.8 million in 2019 related to a closed-out community in Southeast and $12.4 million in 2017 related to a closed-out community in Florida. Self-insured risks We maintain, and require our subcontractors to maintain, general liability insurance coverage. We also maintain builders' risk, property, errors and omissions, workers compensation, and other business insurance coverage. These insurance policies protect us against a portion of the risk of loss from claims. However, we retain a significant portion of the overall risk for such claims either through policies issued by our captive insurance subsidiaries or through our own self-insured per occurrence and aggregate retentions, deductibles, and claims in excess of available insurance policy limits. Our general liability insurance includes coverage for certain construction defects. While construction defect claims can relate to a variety of circumstances, the majority of our claims relate to alleged problems with siding, windows, roofing, and foundations. The availability of general liability insurance for the homebuilding industry and its subcontractors has become increasingly limited, and the insurance policies available require companies to maintain significant per occurrence and aggregate retention levels. In certain instances, we may offer our subcontractors the opportunity to purchase insurance through one of our captive insurance subsidiaries or participate in a project-specific insurance program provided by us. Policies issued by the captive insurance subsidiaries represent self-insurance of these risks by us. This self-insured exposure is limited by reinsurance policies that we purchase. General liability coverage for the homebuilding industry is complex, and our coverage varies from policy year to policy year. Our insurance coverage requires a per occurrence deductible up to an overall aggregate retention level. Beginning with the first dollar, amounts paid to satisfy insured claims apply to our per occurrence and aggregate retention obligations. Any amounts incurred in excess of the occurrence or aggregate retention levels are covered by insurance up to our purchased coverage levels. Our insurance policies, including the captive insurance subsidiaries' reinsurance policies, are maintained with highly-rated underwriters for whom we believe counterparty default risk is not significant. At any point in time, we are managing over 1,000 individual claims related to general liability, property, errors and omission, workers compensation, and other business insurance coverage. We reserve for costs associated with such claims (including expected claims management expenses) on an undiscounted basis at the time revenue is recognized for each home closing and evaluate the recorded liabilities based on actuarial analyses of our historical claims. The actuarial analyses calculate estimates of the ultimate net cost of all unpaid losses, including estimates for incurred but not reported losses ("IBNR"). IBNR represents losses related to claims incurred but not yet reported plus development on reported claims. Our recorded reserves for all such claims totaled $709.8 million and $737.0 million at December 31, 2019 and 2018 , respectively, the vast majority of which relate to general liability claims. The recorded reserves include loss estimates related to both (i) existing claims and related claim expenses and (ii) IBNR and related claim expenses. Liabilities related to IBNR and related claim expenses represented approximately 68% and 65% of the total general liability reserves at December 31, 2019 and 2018 , respectively. The actuarial analyses that determine the IBNR portion of reserves consider a variety of factors, including the frequency and severity of losses, which are based on our historical claims experience supplemented by industry data. The actuarial analyses of the reserves also consider historical third party recovery rates and claims management expenses. Volatility in both national and local housing market conditions can affect the frequency and cost of construction defect claims. Additionally, IBNR estimates comprise the majority of our liability and are subject to a high degree of uncertainty due to a variety of factors, including changes in claims reporting and resolution patterns, third party recoveries, insurance industry practices, the regulatory environment, and legal precedent. State regulations vary, but construction defect claims are reported and resolved over an extended period often exceeding ten years. Changes in the frequency and timing of reported claims and estimates of specific claim values can impact the underlying inputs and trends utilized in the actuarial analyses, which could have a material impact on the recorded reserves. Additionally, the amount of insurance coverage available for each policy period also impacts our recorded reserves. Because of the inherent uncertainty in estimating future losses and the timing of such losses related to these claims, actual costs could differ significantly from estimated costs. Adjustments to reserves are recorded in the period in which the change in estimate occurs. During 2019 , 2018 , and 2017 , we reduced reserves, primarily general liability reserves, by $49.4 million , $35.9 million , and $97.8 million respectively, as a result of changes in estimates resulting from actual claim experience observed being less than anticipated in previous actuarial projections. The changes in actuarial estimates were driven by changes in actual claims experience that, in turn, impacted actuarial estimates for potential future claims. These changes in actuarial estimates did not involve any changes in actuarial methodology but did impact the development of estimates for future periods, which resulted in adjustments to the IBNR portion of our recorded liabilities. Costs associated with our insurance programs are classified within selling, general, and administrative expenses. Changes in these liabilities were as follows ($000's omitted): 2019 2018 2017 Balance, beginning of period $ 737,013 $ 758,812 $ 831,058 Reserves provided 83,209 93,156 98,176 Adjustments to previously recorded reserves (a) (49,437 ) (35,873 ) (97,789 ) Payments, net (a) (60,987 ) (79,082 ) (72,633 ) Balance, end of period $ 709,798 $ 737,013 $ 758,812 (a) Includes net changes in amounts expected to be recovered from our insurance carriers, which are recorded in other assets (see below). In certain instances, we have the ability to recover a portion of our costs under various insurance policies or from subcontractors or other third parties. Estimates of such amounts are recorded when recovery is considered probable. As reflected in Note 10 , our receivables from insurance carriers totaled $118.4 million and $153.0 million at December 31, 2019 and 2018 , respectively. The insurance receivables relate to costs incurred or to be incurred to perform corrective repairs, settle claims with customers, and other costs related to the continued progression of both known and anticipated future construction defect claims that we believe to be insured related to previously closed homes. Given the complexity inherent with resolving construction defect claims in the homebuilding industry as described above, there generally exists a significant lag between our payment of claims and our reimbursements from applicable insurance carriers. In addition, disputes between homebuilders and carriers over coverage positions relating to construction defect claims are common. Resolution of claims with carriers involves the exchange of significant amounts of information and frequently involves legal action. In 2019 and 2017 , we recorded write-offs of $ 22.6 million and $29.6 million , respectively, in connection with policy settlement negotiations with certain of our carriers. We believe collection of our recorded insurance receivables is probable based on the legal merits of our positions after review by legal counsel, the high credit ratings of our carriers, and our long history of collecting significant amounts of insurance reimbursements under similar insurance policies related to similar claims. While the outcomes of these matters cannot be predicted with certainty, we do not believe that the resolution of such matters will have a material adverse impact on our results of operations, financial position, or cash flows. Leases We lease certain office space and equipment for use in our operations. We recognize lease expense for these leases on a straight-line basis over the lease term and combine lease and non-lease components for all leases. Right-of-use ("ROU") assets and lease liabilities are recorded on the balance sheet for all leases with an expected term of at least one year. Some leases include one or more options to renew. The exercise of lease renewal options is generally at our discretion. The depreciable lives of ROU assets and leasehold improvements are limited to the expected lease term. Certain of our lease agreements include rental payments based on a pro-rata share of the lessor’s operating costs which are variable in nature. Our lease agreements do not contain any residual value guarantees or material restrictive covenants. ROU assets are classified within other assets on the balance sheet, while lease liabilities are classified within accrued and other liabilities. Leases with an initial term of 12 months or less are not recorded on the balance sheet. ROU assets and lease liabilities were $70.0 million and $91.4 million , respectively, at December 31, 2019 . During 2019 , we recorded an additional $17.6 million of lease liabilities under operating leases. Payments on lease liabilities during 2019 totaled $23.4 million . Lease expense includes costs for leases with terms in excess of one year as well as short-term leases with terms of less than one year. Our total lease expense was $36.4 million , $33.6 million , and $30.8 million during 2019 , 2018 , and 2017 , respectively. Our total lease expense in 2019 is inclusive of variable lease costs of $6.7 million and short-term lease costs of $9.6 million . Sublease income was de minimis. The future minimum lease payments required under our leases as of December 31, 2019 were as follows ($000's omitted): Years Ending December 31, 2020 $ 18,995 2021 20,523 2022 18,605 2023 17,306 2024 11,677 Thereafter 22,476 Total lease payments (a) 109,582 Less: Interest (b) 18,174 Present value of lease liabilities (c) $ 91,408 (a) Lease payments include options to extend lease terms that are reasonably certain of being exercised and exclude $6.0 million of legally binding minimum lease payments for leases signed but not yet commenced at December 31, 2019 . (b) Our leases do not provide a readily determinable implicit rate. Therefore, we must estimate our discount rate for such leases to determine the present value of lease payments at the lease commencement date. (c) The weighted average remaining lease term and weighted average discount rate used in calculating our lease liabilities were 6.1 years and 5.8% , respectively, at December 31, 2019 .

Supplemental Guarantor Informat

Supplemental Guarantor Information	12 Months Ended
	Dec. 31, 2019
Supplemental Guarantor Information [Abstract]
Supplemental Guarantor information	pplemental Guarantor information All of our senior notes are guaranteed jointly and severally on a senior basis by certain of our wholly-owned Homebuilding subsidiaries and certain other wholly-owned subsidiaries (collectively, the “Guarantors”). Such guaranties are full and unconditional. Our subsidiaries comprising the Financial Services segment along with certain other subsidiaries (collectively, the "Non-Guarantor Subsidiaries") do not guarantee the senior notes. In accordance with Rule 3-10 of Regulation S-X, supplemental consolidating financial information of the Company, including such information for the Guarantors, is presented below. Investments in subsidiaries are presented using the equity method of accounting. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2019 ($000’s omitted) Unconsolidated Eliminating Consolidated PulteGroup, Guarantor Non-Guarantor ASSETS Cash and equivalents $ — $ 1,026,743 $ 191,170 $ — $ 1,217,913 Restricted cash — 31,328 2,215 — 33,543 Total cash, cash equivalents, and restricted cash — 1,058,071 193,385 — 1,251,456 House and land inventory — 7,554,662 125,952 — 7,680,614 Land held for sale — 24,009 — — 24,009 Residential mortgage loans available- for-sale — — 508,967 — 508,967 Investments in unconsolidated entities — 59,266 500 — 59,766 Other assets 8,172 688,996 198,518 895,686 Intangible assets — 124,992 — — 124,992 Deferred tax assets, net 182,461 — (12,354 ) — 170,107 Investments in subsidiaries and intercompany accounts, net 8,103,191 1,081,472 9,279,403 (18,464,066 ) — $ 8,293,824 $ 10,591,468 $ 10,294,371 $ (18,464,066 ) $ 10,715,597 LIABILITIES AND SHAREHOLDERS' EQUITY Liabilities: Accounts payable, customer deposits, accrued and other liabilities $ 87,892 $ 1,781,893 $ 259,926 $ — $ 2,129,711 Income tax liabilities 36,093 — — — 36,093 Financial Services debt — — 326,573 — 326,573 Notes payable 2,711,659 53,381 — — 2,765,040 Total liabilities 2,835,644 1,835,274 586,499 — 5,257,417 Total shareholders’ equity 5,458,180 8,756,194 9,707,872 (18,464,066 ) 5,458,180 $ 8,293,824 $ 10,591,468 $ 10,294,371 $ (18,464,066 ) $ 10,715,597 CONSOLIDATING BALANCE SHEET DECEMBER 31, 2018 ($000’s omitted) Unconsolidated Eliminating Consolidated PulteGroup, Guarantor Non-Guarantor ASSETS Cash and equivalents $ — $ 906,961 $ 203,127 $ — $ 1,110,088 Restricted cash — 22,406 1,206 — 23,612 Total cash, cash equivalents, and restricted cash — 929,367 204,333 — 1,133,700 House and land inventory — 7,157,665 95,688 — 7,253,353 Land held for sale — 36,849 — — 36,849 Residential mortgage loans available- for-sale — — 461,354 — 461,354 Investments in unconsolidated entities — 54,045 545 — 54,590 Other assets 66,154 579,452 184,753 — 830,359 Intangible assets — 127,192 — — 127,192 Deferred tax assets, net 282,874 — (7,295 ) — 275,579 Investments in subsidiaries and intercompany accounts, net 7,557,245 500,138 8,231,342 (16,288,725 ) — $ 7,906,273 $ 9,384,708 $ 9,170,720 $ (16,288,725 ) $ 10,172,976 LIABILITIES AND SHAREHOLDERS' EQUITY Liabilities: Accounts payable, customer deposits, accrued and other liabilities $ 90,158 $ 1,598,265 $ 278,713 $ — $ 1,967,136 Income tax liabilities 11,580 — — — 11,580 Financial Services debt — — 348,412 — 348,412 Notes payable 2,986,753 40,776 537 — 3,028,066 Total liabilities 3,088,491 1,639,041 627,662 — 5,355,194 Total shareholders’ equity 4,817,782 7,745,667 8,543,058 (16,288,725 ) 4,817,782 $ 7,906,273 $ 9,384,708 $ 9,170,720 $ (16,288,725 ) $ 10,172,976 CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the year ended December 31, 2019 ($000’s omitted) Unconsolidated Consolidated PulteGroup, Guarantor Non-Guarantor Eliminating Revenues: Homebuilding Home sale revenues $ — $ 9,725,421 $ 190,284 $ — $ 9,915,705 Land sale and other revenues — 61,282 1,539 — 62,821 — 9,786,703 191,823 — 9,978,526 Financial Services — — 234,431 — 234,431 — 9,786,703 426,254 — 10,212,957 Homebuilding Cost of Revenues: Home sale cost of revenues — (7,485,268 ) (143,432 ) — (7,628,700 ) Land sale cost of revenues — (54,143 ) (1,955 ) — (56,098 ) — (7,539,411 ) (145,387 ) — (7,684,798 ) Financial Services expenses — (483 ) (130,287 ) — (130,770 ) Selling, general, and administrative expenses — (994,262 ) (50,075 ) — (1,044,337 ) Other expense, net (5,423 ) (46,490 ) 38,437 — (13,476 ) Intercompany interest (8,194 ) — 8,194 — — Income (loss) before income taxes and equity in income (loss) of subsidiaries (13,617 ) 1,206,057 147,136 — 1,339,576 Income tax (expense) benefit 3,404 (289,102 ) (37,178 ) — (322,876 ) Income (loss) before equity in income (loss) of subsidiaries (10,213 ) 916,955 109,958 — 1,016,700 Equity in income (loss) of subsidiaries 1,026,913 120,622 962,865 (2,110,400 ) — Net income (loss) 1,016,700 1,037,577 1,072,823 (2,110,400 ) 1,016,700 Other comprehensive income (loss) 100 — — — 100 Comprehensive income (loss) $ 1,016,800 $ 1,037,577 $ 1,072,823 $ (2,110,400 ) $ 1,016,800 CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the year ended December 31, 2018 ($000’s omitted) Unconsolidated Consolidated PulteGroup, Guarantor Non-Guarantor Eliminating Revenues: Homebuilding Home sale revenues $ — $ 9,694,703 $ 123,742 $ — $ 9,818,445 Land sale and other revenues — 162,012 2,492 — 164,504 — 9,856,715 126,234 — 9,982,949 Financial Services — — 205,382 — 205,382 — 9,856,715 331,616 — 10,188,331 Homebuilding Cost of Revenues: Home sale cost of revenues — (7,449,343 ) (91,594 ) — (7,540,937 ) Land sale cost of revenues — (125,016 ) (1,544 ) — (126,560 ) — (7,574,359 ) (93,138 ) — (7,667,497 ) Financial Services expenses — (563 ) (146,859 ) — (147,422 ) Selling, general, and administrative expenses — (974,858 ) (37,165 ) — (1,012,023 ) Other expense, net (580 ) (53,765 ) 40,496 — (13,849 ) Intercompany interest (7,835 ) — 7,835 — — Income (loss) before income taxes and equity in income (loss) of subsidiaries (8,415 ) 1,253,170 102,785 — 1,347,540 Income tax (expense) benefit 2,104 (304,218 ) (23,403 ) — (325,517 ) Income (loss) before equity in income (loss) of subsidiaries (6,311 ) 948,952 79,382 — 1,022,023 Equity in income (loss) of subsidiaries 1,028,334 73,097 782,948 (1,884,379 ) — Net income (loss) 1,022,023 1,022,049 862,330 (1,884,379 ) 1,022,023 Other comprehensive income (loss) 100 — — — 100 Comprehensive income (loss) $ 1,022,123 $ 1,022,049 $ 862,330 $ (1,884,379 ) $ 1,022,123 CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the year ended December 31, 2017 ($000’s omitted) Unconsolidated Eliminating Consolidated PulteGroup, Guarantor Non-Guarantor Revenues: Homebuilding Home sale revenues $ — $ 8,229,392 $ 94,592 $ — $ 8,323,984 Land sale and other revenues — 57,711 3,831 — 61,542 — 8,287,103 98,423 — 8,385,526 Financial Services — — 192,160 — 192,160 — 8,287,103 290,583 — 8,577,686 Homebuilding Cost of Revenues: Home sale cost of revenues — (6,385,167 ) (75,985 ) — (6,461,152 ) Land sale cost of revenues — (131,363 ) (3,086 ) — (134,449 ) — (6,516,530 ) (79,071 ) — (6,595,601 ) Financial Services expenses — (527 ) (118,762 ) — (119,289 ) Selling, general, and administrative expenses — (785,266 ) (106,315 ) — (891,581 ) Other expense, net (482 ) (63,050 ) 31,145 — (32,387 ) Intercompany interest (2,485 ) — 2,485 — — Income (loss) before income taxes and equity in income (loss) of subsidiaries (2,967 ) 921,730 20,065 — 938,828 Income tax (expense) benefit 1,127 (483,435 ) (9,299 ) — (491,607 ) Income (loss) before equity in income (loss) of subsidiaries (1,840 ) 438,295 10,766 — 447,221 Equity in income (loss) of subsidiaries 449,061 58,559 226,864 (734,484 ) — Net income (loss) 447,221 496,854 237,630 (734,484 ) 447,221 Other comprehensive income (loss) 81 — — — 81 Comprehensive income (loss) $ 447,302 $ 496,854 $ 237,630 $ (734,484 ) $ 447,302 CONSOLIDATING STATEMENT OF CASH FLOWS For the year ended December 31, 2019 ($000’s omitted) Unconsolidated Consolidated PulteGroup, Guarantor Non-Guarantor Eliminating Net cash provided by (used in) operating activities $ 195,371 $ 858,338 $ 23,836 $ — $ 1,077,545 Cash flows from investing activities: Capital expenditures — (48,899 ) (9,220 ) — (58,119 ) Investment in unconsolidated subsidiaries — (8,807 ) (708 ) — (9,515 ) Cash used for business acquisition — (163,724 ) — — (163,724 ) Other investing activities, net — 3,337 1,792 — 5,129 Net cash provided by (used in) investing activities — (218,093 ) (8,136 ) — (226,229 ) Cash flows from financing activities: Proceeds from debt, net of issuance costs — — — — — Repayments of debt (280,259 ) (29,189 ) (537 ) — (309,985 ) Borrowings under revolving credit facility — — — — — Repayments under revolving credit facility — — — — — Financial Services borrowings (repayments), net — — (21,841 ) — (21,841 ) Stock option exercises 6,399 — — — 6,399 Share repurchases (274,333 ) — — — (274,333 ) Cash paid for shares withheld for taxes (11,450 ) — — — (11,450 ) Dividends paid (122,350 ) — — — (122,350 ) Intercompany activities, net 486,622 (482,352 ) (4,270 ) — — Net cash provided by (used in) financing activities (195,371 ) (511,541 ) (26,648 ) — (733,560 ) Net increase (decrease) — 128,704 (10,948 ) — 117,756 Cash, cash equivalents, and restricted cash at beginning of year — 929,367 204,333 — 1,133,700 Cash, cash equivalents, and restricted cash at end of year $ — $ 1,058,071 $ 193,385 $ — $ 1,251,456 CONSOLIDATING STATEMENT OF CASH FLOWS For the year ended December 31, 2018 ($000’s omitted) Unconsolidated Consolidated PulteGroup, Guarantor Non-Guarantor Eliminating Net cash provided by (used in) operating activities $ 494,521 $ 791,350 $ 163,876 $ — $ 1,449,747 Cash flows from investing activities: Capital expenditures — (51,147 ) (7,892 ) — (59,039 ) Investment in unconsolidated subsidiaries — (1,000 ) — — (1,000 ) Cash used for business acquisitions — — — — — Other investing activities, net — 11,300 6,797 — 18,097 Net cash provided by (used in) investing activities — (40,847 ) (1,095 ) — (41,942 ) Cash flows from financing activities: Proceeds from debt, net of issuance costs (8,164 ) — — — (8,164 ) Repayments of debt — (81,758 ) (1,017 ) — (82,775 ) Borrowings under revolving credit facility 1,566,000 — — — 1,566,000 Repayments under revolving credit facility (1,566,000 ) — — — (1,566,000 ) Financial Services borrowings (repayments), net — — (89,393 ) — (89,393 ) Stock option exercises 6,555 — — — 6,555 Share repurchases (294,566 ) — — — (294,566 ) Cash paid for shares withheld for taxes (7,910 ) — — — (7,910 ) Dividends paid (104,020 ) — — — (104,020 ) Intercompany activities, net (86,416 ) 102,821 (16,405 ) — — Net cash provided by (used in) financing activities (494,521 ) 21,063 (106,815 ) — (580,273 ) Net increase (decrease) — 771,566 55,966 — 827,532 Cash, cash equivalents, and restricted cash at beginning of year — 157,801 148,367 — 306,168 Cash, cash equivalents, and restricted cash at end of year $ — $ 929,367 $ 204,333 $ — $ 1,133,700 CONSOLIDATING STATEMENT OF CASH FLOWS For the year ended December 31, 2017 ($000’s omitted) Unconsolidated Consolidated PulteGroup, Guarantor Non-Guarantor Eliminating Net cash provided by (used in) operating activities $ 309,760 $ 328,163 $ 25,157 $ — $ 663,080 Cash flows from investing activities: Capital expenditures — (25,432 ) (6,619 ) — (32,051 ) Investment in unconsolidated subsidiaries — (23,037 ) — — (23,037 ) Cash used for business acquisitions — — — — — Other investing activities, net — 5,778 (932 ) — 4,846 Net cash provided by (used in) investing activities — (42,691 ) (7,551 ) — (50,242 ) Cash flows from financing activities: Financial Services borrowings (repayments) — — 106,183 — 106,183 Proceeds from debt, net of issuance costs — — — — — Repayments of debt (123,000 ) (10,301 ) (1,446 ) — (134,747 ) Borrowings under revolving credit facility 2,720,000 — — — 2,720,000 Repayments under revolving credit facility (2,720,000 ) — — — (2,720,000 ) Stock option exercises 27,720 — — — 27,720 Share repurchases (910,331 ) — — — (910,331 ) Cash paid for shares withheld for taxes (5,995 ) — — — (5,995 ) Dividends paid (112,748 ) — — — (112,748 ) Intercompany activities, net 814,594 (728,555 ) (86,039 ) — — Net cash provided by (used in) financing activities (309,760 ) (738,856 ) 18,698 — (1,029,918 ) Net increase (decrease) — (453,384 ) 36,304 — (417,080 ) Cash, cash equivalents, and restricted cash at beginning of year — 611,185 112,063 — 723,248 Cash, cash equivalents, and restricted cash at end of year $ — $ 157,801 $ 148,367 $ — $ 306,168

Quarterly Results (Unaudited)

Quarterly Results (Unaudited)	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Quarterly results (unaudited)	Quarterly results (unaudited) UNAUDITED QUARTERLY INFORMATION (000’s omitted, except per share data) 1st 2nd 3rd 4th Total (a) 2019 Homebuilding: Revenues $ 1,952,831 $ 2,433,028 $ 2,645,550 $ 2,947,116 $ 9,978,526 Cost of revenues (b) (1,494,841 ) (1,874,369 ) (2,035,972 ) (2,279,615 ) (7,684,798 ) Income before income taxes (c) 204,294 295,698 333,862 402,407 1,236,261 Financial Services: Revenues $ 43,862 $ 55,957 $ 64,815 $ 69,797 $ 234,431 Income before income taxes 12,409 25,078 32,284 33,544 103,315 Consolidated results: Revenues $ 1,996,693 $ 2,488,985 $ 2,710,365 $ 3,016,913 $ 10,212,957 Income before income taxes 216,703 320,776 366,146 435,951 1,339,576 Income tax expense (49,946 ) (79,735 ) (93,042 ) (100,153 ) (322,876 ) Net income $ 166,757 $ 241,041 $ 273,104 $ 335,798 $ 1,016,700 Net income per share: Basic $ 0.59 $ 0.86 $ 0.99 $ 1.23 $ 3.67 Diluted $ 0.59 $ 0.86 $ 0.99 $ 1.22 $ 3.66 Number of shares used in calculation: Basic 277,637 276,652 272,992 270,843 274,495 Effect of dilutive securities 1,003 932 640 632 802 Diluted 278,640 277,584 273,632 271,475 275,297 (a) Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently. (b) Cost of revenues includes a warranty charge related to a closed-out community of $9.0 million during the 3rd Quarter (See Note 11 ). (c) Homebuilding income before income taxes includes insurance reserve reversals of $12.8 million and $31.1 million during the 2nd and 4th Quarters, respectively; and write-offs of insurance receivables of $11.6 million and $12.6 million in the 1st and 2nd Quarters, respectively. UNAUDITED QUARTERLY INFORMATION (000’s omitted, except per share data) 1st 2nd 3rd 4th Total (a) 2018 Homebuilding: Revenues $ 1,924,155 $ 2,516,958 $ 2,597,746 $ 2,944,091 $ 9,982,949 Cost of revenues (b) (1,471,488 ) (1,900,316 ) (1,976,220 ) (2,319,473 ) (7,667,497 ) Income before income taxes (c) 210,358 388,453 365,055 324,938 1,288,804 Financial Services: Revenues $ 45,938 $ 52,764 $ 51,620 $ 55,059 $ 205,382 Income before income taxes (d) 13,833 20,717 19,633 4,553 58,736 Consolidated results: Revenues $ 1,970,093 $ 2,569,722 $ 2,649,366 $ 2,999,150 $ 10,188,331 Income before income taxes 224,191 409,170 384,688 329,491 1,347,540 Income tax expense (53,440 ) (85,081 ) (95,153 ) (91,842 ) (325,517 ) Net income $ 170,751 $ 324,089 $ 289,535 $ 237,649 $ 1,022,023 Net income per share: Basic $ 0.59 $ 1.12 $ 1.01 $ 0.84 $ 3.56 Diluted $ 0.59 $ 1.12 $ 1.01 $ 0.84 $ 3.55 Number of shares used in calculation: Basic 286,683 285,276 283,489 278,964 283,578 Effect of dilutive securities 1,343 1,378 1,183 1,248 1,287 Diluted 288,026 286,654 284,672 280,212 284,865 (a) Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently. (b) Cost of revenues includes land inventory impairments of $66.9 million and net realizable value adjustments on land held for sale of $9.0 million in the 4th Quarter. See Note 2 for a complete discussion of land-related charges for the full year. (c) Homebuilding income before income taxes includes an insurance reserve reversal of $37.9 million in the 2nd Quarter (see Note 11 ) and write-offs of pre-acquisition costs of $9.6 million in the 4th quarter (see Note 2 ). (d) Financial Services income before income taxes includes a charge related to loan origination liabilities of $16.2 million in the 4th quarter (see Note 11 ).

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Consolidation Policy	The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles and include the accounts of PulteGroup, Inc. and all of its direct and indirect subsidiaries and variable interest entities in which PulteGroup, Inc. is deemed to be the primary beneficiary. All significant intercompany accounts, transactions, and balances have been eliminated in consolidation.
Business Combinations Policy [Policy Text Block]	Business acquisitions In April 2019, we acquired certain assets of American West, located in Las Vegas, Nevada, for $163.7 million . The assets acquired included approximately 1,200 finished lots and control of approximately 2,300 additional lots through land option agreements. The acquired assets were recorded at their estimated fair values, including $12.0 million associated with the American West tradename, which is being amortized over a 20 -year life. The acquisition of these assets was not material to our results of operations or financial condition. In January 2020, we acquired substantially all of the operations of Innovative Construction Group, an offsite construction framing company located in Jacksonville, Florida. This acquisition is not expected to have a material impact on our results of operations or financial condition.
Use of Estimates Policy	The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Reclassification, Policy [Policy Text Block]	Certain prior period amounts have been reclassified to conform to the current year presentation.
Subsequent Events Policy	We evaluated subsequent events up until the time the financial statements were filed with the Securities and Exchange Commission ("SEC").
Cash and Equivalents Policy	Cash and equivalents include institutional money market investments and time deposits with a maturity of three months or less when acquired. Cash and equivalents at December 31, 2019 and 2018 also included $6.2 million and $40.9 million , respectively, of cash from home closings held in escrow for our benefit, typically for less than five days, which are considered deposits in-transit.
Restricted Cash Policy	We maintain certain cash balances that are restricted as to their use, including customer deposits on home sales that are temporarily restricted by regulatory requirements until title transfers to the homebuyer. Total cash, cash equivalents, and restricted cash includes restricted cash balances of $33.5 million and $23.6 million at December 31, 2019 and 2018 , respectively.
Investments in Unconsolidated Entities Policy	We have investments in a number of unconsolidated entities, including joint ventures, with independent third parties. The equity method of accounting is used for unconsolidated entities over which we have significant influence; generally this represents ownership interests of at least 20% and not more than 50%. Under the equity method of accounting, we recognize our proportionate share of the earnings and losses of these entities. Certain of these entities sell land to us. We defer the recognition of profits from such activities until the time we ultimately sell the related land. We evaluate our investments in unconsolidated entities for recoverability in accordance with Accounting Standards Codification (“ASC”) 323, “Investments – Equity Method and Joint Ventures” (“ASC 323”). If we determine that a loss in the value of the investment is other than temporary, we write down the investment to its estimated fair value. Any such losses are recorded to equity in (earnings) loss of unconsolidated entities, which is reflected in other expense, net. Due to uncertainties in the estimation process and the significant volatility in demand for new housing, actual results could differ significantly from such estimates. See Note 4 .
Intangible Assets Policy	Goodwill, which represents the cost of acquired businesses in excess of the fair value of the net assets of such businesses at the acquisition date, totaled $40.4 million at December 31, 2019 and 2018 . We assess goodwill for impairment annually in the fourth quarter and if events or changes in circumstances indicate the carrying amount may not be recoverable. Intangible assets also include tradenames acquired in connection with acquisitions and totaled $84.6 million , net of accumulated amortization of $204.4 million , at December 31, 2019 , and $86.8 million , net of accumulated amortization of $190.2 million , at December 31, 2018 . Such tradenames are generally being amortized over 20 -year lives. Amortization expense totaled $14.2 million in 2019 and $13.8 million in 2018 and 2017 , respectively, and is expected to be $14.4 million in 2020, $11.0 million in 2021 and $6.3 million each year from 2022 - 2024 . The ultimate realization of these assets is dependent upon the future cash flows and benefits that we expect to generate from their use. We assess tradenames for impairment if events or changes in circumstances indicate the carrying amount may not be recoverable.
Property and Equipment, Net and Depreciation Policy	Property and equipment are recorded at cost. Maintenance and repair costs are expensed as incurred. Depreciation is computed by the straight-line method based upon estimated useful lives as follows: office furniture and equipment - 3 to 10 years; leasehold improvements - life of the lease; software and hardware - 3 to 5 years; model park improvements and furnishings - 1 to 5 years. Property and equipment are included in other assets and totaled $111.7 million net of accumulated depreciation of $218.9 million at December 31, 2019 and $92.9 million net of accumulated depreciation of $209.3 million at December 31, 2018 . Depreciation expense totaled $39.8 million , $35.6 million , and $37.2 million in 2019 , 2018 , and 2017 , respectively.
Advertising Costs Policy	Advertising costs are expensed to selling, general, and administrative expense as incurred and totaled $53.9 million , $51.0 million , and $45.0 million , in 2019 , 2018 , and 2017 , respectively.
Employee Benefits Policy	We maintain a defined contribution retirement plan that covers substantially all of our employees. Company contributions to the plan totaled $19.1 million , $17.9 million , and $15.7 million in 2019 , 2018 , and 2017 , respectively.
Earnings Per Share Policy	Basic earnings per share is computed by dividing income available to common shareholders (the “Numerator”) by the weighted-average number of common shares, adjusted for unvested shares, (the “Denominator”) for the period. Computing diluted earnings per share is similar to computing basic earnings per share, except that the Denominator is increased to include the dilutive effects of stock options, unvested restricted share units, and other potentially dilutive instruments. Any stock options that have an exercise price greater than the average market price of our common shares are considered anti-dilutive and excluded from the diluted earnings per share calculation. Anti-dilutive shares were immaterial in 2019, 2018 and 2017.
Share-based Compensation Policy	We measure compensation cost for share-based compensation on the grant date. Fair value for restricted share units is determined based on the quoted price of our common shares on the grant date. We recognize compensation expense for restricted share units, the majority of which cliff vest at the end of three years , ratably over the vesting period. For share-based awards containing performance conditions, we recognize compensation expense ratably over the vesting period when it is probable that the stated performance targets will be achieved and record cumulative adjustments in the period in which estimates change. Compensation expense related to our share-based awards is included in selling, general, and administrative expense, except for a small portion recognized in Financial Services expenses. See Note 7 .
Income Taxes Policy	The provision for income taxes is calculated using the asset and liability method, under which deferred tax assets and liabilities are recognized by identifying the temporary differences arising from the different treatment of items for tax and accounting purposes. In assessing the realizability of deferred tax assets, we consider whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is primarily dependent upon the generation of future taxable income. In determining the future tax consequences of events that have been recognized in the financial statements or tax returns, judgment is required. Differences between the anticipated and actual outcomes of these future tax consequences could have a material impact on our consolidated results of operations or financial position. Unrecognized tax benefits represent the difference between tax positions taken or expected to be taken in a tax return and the benefits recognized for financial statement purposes. We follow the provisions of ASC 740 which prescribes a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. Significant judgment is required to evaluate uncertain tax positions. Our evaluations of tax positions consider a variety of factors, including relevant facts and circumstances, applicable tax law, correspondence with taxing authorities, and effective settlements of audit issues. Changes in the recognition or measurement of uncertain tax positions could result in material increases or decreases in income tax expense (benefit) in the period in which the change is made. Interest and penalties related to unrecognized tax benefits are recognized as a component of income tax expense (benefit). See Note 8 .
Homebuilding Revenue Recognition Policy	Revenue recognition Home sale revenues - Home sale revenues and related profit are generally recognized when title to and possession of the home are transferred to the buyer at the home closing date. Our performance obligation to deliver the agreed-upon home is generally satisfied at the home closing date. Home sale contract assets consist of cash from home closings held in escrow for our benefit, typically for less than five days, which are considered deposits in-transit and classified as cash. Contract liabilities include customer deposit liabilities related to sold but undelivered homes, which totaled $294.4 million and $254.6 million at December 31, 2019 and 2018 , respectively. Substantially all of our home sales are scheduled to close and be recorded to revenue within one year from the date of receiving a customer deposit. See Note 11 for information on warranties and related obligations. Land sale revenues - We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land sales are generally outright sales of specified land parcels with cash consideration due on the closing date, which is generally when performance obligations are satisfied. Financial services revenues - Loan origination fees, commitment fees, and direct loan origination costs are recognized as incurred. Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment. Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. Interest income is accrued from the date a mortgage loan is originated until the loan is sold. Mortgage servicing fees represent fees earned for servicing loans for various investors. Servicing fees are based on a contractual percentage of the outstanding principal balance and are credited to income when related mortgage payments are received or the sub-servicing fees are earned. Revenues associated with our title operations are recognized as closing services are rendered and title insurance policies are issued, both of which generally occur as each home is closed. Insurance brokerage commissions relate to commissions on home and other insurance policies placed with third party carriers through various agency channels. Our performance obligations for policy renewal commissions are considered satisfied upon issuance of the initial policy, and related contract assets for estimated future renewal commissions are included in other assets and totaled $35.1 million and $30.8 million at December 31, 2019 and 2018 , respectively. Contract assets totaling $27.7 million were recognized on January 1, 2018, in conjunction with the adoption of Accounting Standards Codification ("ASC") 606, "Revenue from Contracts with Customers" ("ASC 606"). Refer to " New accounting pronouncements" within Note 1 for further discussion.
Sales Incentives Policy	When sales incentives involve a discount on the selling price of the home, we record the discount as a reduction of revenue at the time of house closing. If the sales incentive requires us to provide a free product or service to the customer, the cost of the free product or service is recorded as cost of revenues at the time of house closing.
Inventory and Cost of Revenues Policy	Inventory is stated at cost unless the carrying value is determined to not be recoverable, in which case the affected inventory is written down to fair value. Cost includes land acquisition, land development, and home construction costs, including interest, real estate taxes, and certain direct and indirect overhead costs related to development and construction. For those communities for which construction and development activities have been idled, applicable interest and real estate taxes are expensed as incurred. Land acquisition and development costs are allocated to individual lots using an average lot cost determined based on the total expected land acquisition and development costs and the total expected home closings for the community. The specific identification method is used to accumulate home construction costs. We capitalize interest cost into homebuilding inventories. Each layer of capitalized interest is amortized over a period that approximates the average life of communities under development. Interest expense is allocated over the period based on the timing of home closings. Cost of revenues includes the construction cost, average lot cost, estimated warranty costs, and closing costs applicable to the home. Sales commissions are classified within selling, general, and administrative expenses. The construction cost of the home includes amounts paid through the closing date of the home, plus an accrual for costs incurred but not yet paid. Total community land acquisition and development costs are based on an analysis of budgeted costs compared with actual costs incurred to date and estimates to complete. The development cycles for our communities range from under one year to in excess of ten years for certain master planned communities. Adjustments to estimated total land acquisition and development costs for the community affect the amounts costed for the community’s remaining lots. We test inventory for impairment when events and circumstances indicate that the undiscounted cash flows estimated to be generated by the community may be less than its carrying amount. Such indicators include gross margins or sales paces significantly below expectations, construction costs or land development costs significantly in excess of budgeted amounts, significant delays or changes in the planned development or strategy for the community, and other known qualitative factors. Communities that demonstrate potential impairment indicators are tested for impairment by comparing the expected undiscounted cash flows for the community to its carrying value. For those communities whose carrying values exceed the expected undiscounted cash flows, we estimate the fair value of the community, and impairment charges are recorded if the fair value of the community's inventory is less than its carrying value. See
Land Held for Sale Policy	We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land held for sale is recorded at the lower of cost or fair value less costs to sell. In determining the value of land held for sale, we consider recent offers received, prices for land in recent comparable sales transactions, and other factors. We record net realizable value adjustments for land held for sale within Homebuilding land sale cost of revenues. See Note 2
Land Option Agreements Policy	We enter into land option agreements in order to procure land for the construction of homes in the future. Pursuant to these land option agreements, we generally provide a deposit to the seller as consideration for the right to purchase land at different times in the future, usually at predetermined prices. Such contracts enable us to defer acquiring portions of properties owned by third parties or unconsolidated entities until we have determined whether and when to exercise our option, which may serve to reduce our financial risks associated with long-term land holdings. Option deposits and pre-acquisition costs (such as environmental testing, surveys, engineering, and entitlement costs) are capitalized if the costs are directly identifiable with the land under option, the costs would be capitalized if we owned the land, and acquisition of the property is probable. Such costs are reflected in other assets and are reclassified to inventory upon taking title to the land. We write off deposits and pre-acquisition costs when it becomes probable that we will not go forward with the project or recover the capitalized costs. Such decisions take into consideration changes in local market conditions, the timing of required land purchases, the availability and best use of necessary incremental capital, and other factors. We record any such write-offs of deposits and pre-acquisition costs within other expense, net. See Note 2 . If an entity holding the land under option is a variable interest entity (“VIE”), our deposit represents a variable interest in that entity. No VIEs required consolidation at either December 31, 2019 or 2018
Allowance for Warranties Policy	Home buyers are provided with a limited warranty against certain building defects, including a one-year comprehensive limited warranty and coverage for certain other aspects of the home's construction and operating systems for periods of up to (and in limited instances exceeding) 10 years. We estimate the costs to be incurred under these warranties and record a liability in the amount of such costs at the time revenue is recognized
Self-insured Risks Policy	We maintain, and require the majority of our subcontractors to maintain, general liability insurance coverage, including coverage for certain construction defects. We also maintain builders' risk, property, errors and omissions, workers compensation, and other business insurance coverage. These insurance policies protect us against a portion of the risk of loss from claims, subject to certain self-insured per occurrence and aggregate retentions, deductibles, and available policy limits. However, we retain a significant portion of the overall risk for such claims. We reserve for these costs on an undiscounted basis at the time revenue is recognized for each home closing and evaluate the recorded liabilities based on actuarial analyses of our historical claims, which include estimates of claims incurred but not yet reported. Adjustments to estimated reserves are recorded in the period in which the change in estimate occurs. In certain instances, we have the ability to recover a portion of our costs under various insurance policies or from our subcontractors or other third parties. Estimates of such amounts are recorded when recovery is considered probable. See Note 11 .
Residential Mortgage Loans Available for Sale Policy	Substantially all of the loans originated by us and their related servicing rights are sold in the secondary mortgage market within a short period of time after origination, generally within 30 days. In accordance with ASC 825, “Financial Instruments” (“ASC 825”), we use the fair value option to record residential mortgage loans available-for-sale. Election of the fair value option for these loans allows a better offset of the changes in fair values of the loans and the derivative instruments used to economically hedge them without having to apply complex hedge accounting provisions. We do not designate any derivative instruments as hedges or apply the hedge accounting provisions of ASC 815, “Derivatives and Hedging" ("ASC 815"). See Note 11 for discussion of the risks retained related to mortgage loan originations. Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment. Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. At December 31, 2019 and 2018 , residential mortgage loans available-for-sale had an aggregate fair value of $509.0 million and $461.4 million , respectively, and an aggregate outstanding principal balance of $494.1 million and $444.2 million , respectively. The net gain (loss) resulting from changes in fair value of these loans totaled $(0.6) million and $0.7 million for the years ended December 31, 2019 and 2018 , respectively. These changes in fair value were substantially offset by changes in fair value of the corresponding hedging instruments. Net gains from the sale of mortgages during 2019 , 2018 , and 2017 were $129.4 million , $111.3 million , and $110.9 million , respectively, and have been included in Financial Services revenues.
Mortgage Servicing Rights Policy	Mortgage servicing rights We sell the servicing rights for the loans we originate through fixed price servicing sales contracts to reduce the risks and costs inherent in servicing loans. This strategy results in owning the servicing rights for only a short period of time. The servicing sales contracts provide for the reimbursement of payments made by the purchaser if loans prepay within specified periods of time, generally within 90 to 120 days after sale. We establish reserves for this exposure at the time the sale is recorded. Such reserves were immaterial at December 31, 2019 and 2018 .
Loans Held for Investment Policy
Interest Income on Mortgage Loans Policy	Interest income on mortgage loans is recorded in Financial Services revenues, accrued from the date a mortgage loan is originated until the loan is sold, and totaled $9.7 million , $11.3 million , and $9.5 million in 2019 , 2018 , and 2017 , respectively. Loans are placed on non-accrual status once they become greater than 90
Derivative Instruments and Hedging Activities Policy	We are party to interest rate lock commitments ("IRLCs") with customers resulting from our mortgage origination operations. At December 31, 2019 and 2018 , we had aggregate IRLCs of $255.3 million and $285.0 million , respectively, which were originated at interest rates prevailing at the date of commitment. Since we can terminate a loan commitment if the borrower does not comply with the terms of the contract, and some loan commitments may expire without being drawn upon, these commitments do not necessarily represent future cash requirements. We evaluate the creditworthiness of these transactions through our normal credit policies. We hedge our exposure to interest rate market risk relating to residential mortgage loans available-for-sale and IRLCs using forward contracts on mortgage-backed securities, which are commitments to either purchase or sell a specified financial instrument at a specified future date for a specified price, and whole loan investor commitments, which are obligations of an investor to buy loans at a specified price within a specified time period. Forward contracts on mortgage-backed securities are the predominant derivative financial instruments we use to minimize market risk during the period from the time we extend an interest rate lock to a loan applicant until the time the loan is sold to an investor. At December 31, 2019 and 2018 , we had unexpired forward contracts of $518.2 million and $511.0 million , respectively, and whole loan investor commitments of $200.7 million and $187.8 million , respectively. Changes in the fair value of IRLCs and other derivative financial instruments are recognized in Financial Services revenues, and the fair values are reflected in other assets or other liabilities, as applicable. There are no credit-risk-related contingent features within our derivative agreements, and counterparty risk is considered minimal. Gains and losses on IRLCs are substantially offset by corresponding gains or losses on forward contracts on mortgage-backed securities and whole loan investor commitments. We are generally not exposed to variability in cash flows of derivative instruments for more than approximately 60 days.
New Accounting Pronouncements Policy	New accounting pronouncements We adopted ASU No. 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting" ("ASU 2016-09"), effective January 1, 2017. Excess tax benefits or deficiencies for stock-based compensation are now reflected in the Consolidated Statements of Operations as a component of income tax expense, whereas previously they were recognized in equity. We have also elected to account for forfeitures as they occur, rather than estimate expected forfeitures. As a result of adopting ASU 2016-09, we applied the modified retrospective approach and recorded a cumulative-effect adjustment that increased our retained earnings and deferred tax assets as of January 1, 2017 by $18.6 million , as a result of previously unrecognized excess tax benefits (see Note 8 ). Additionally, the impact of recognizing excess tax benefits and deficiencies in the consolidated statement of operations resulted in a $7.7 million reduction in our income tax expense for 2017 . The remaining aspects of adopting ASU 2016-09 did not have a material impact on our financial statements. On January 1, 2018, we adopted ASC 606, a comprehensive new revenue recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services and satisfaction of performance obligations to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. We applied the modified retrospective method to contracts that were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported under the previous accounting standards. We recorded a net increase to opening retained earnings of $22.4 million , net of tax, as of January 1, 2018, due to the cumulative impact of adopting ASC 606, with the impact primarily related to the recognition of contract assets for insurance brokerage commission renewals. There was not a material impact to revenues as a result of applying ASC 606 and there have not been significant changes to our business processes, systems, or internal controls as a result of implementing the standard. On January 1, 2019, we adopted Accounting Standards Update (“ASU”) No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”) and related amendments using a modified retrospective approach with an effective date as of January 1, 2019. ASU 2016-02 requires leases with durations greater than 12 months to be recorded on balance sheet in our consolidated financial statements. Prior year financial statements were not required to be recast under the new standard and, therefore, have not been reflected as such in our consolidated financial statements. We elected the package of transition practical expedients, which allowed us to carry forward our historical assessment of (1) whether contracts are or contain leases, (2) lease classification, and (3) initial direct costs. The adoption of ASU 2016-02 had no impact on retained earnings. See Note 11 “Leases” for additional information about this adoption. In June 2016, the Financial Accounting Standards Board ("FASB") issued ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" ("ASU 2016-13"), which changes the impairment model for most financial assets and certain other instruments from an "incurred loss" approach to a new "expected credit loss" methodology. The standard is effective for us for annual and interim periods beginning January 1, 2020. We are currently evaluating the impact the standard will have on our financial statements and do not expect a material impact on our financial statements. In January 2017, the FASB issued ASU No. 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment" ("ASU 2017-04"), which removes the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. ASU 2017-04 is effective for us for annual and interim periods beginning January 1, 2020, and will be applied prospectively. We do not expect ASU 2017-04 to have a material impact on our financial statements. In December 2019, the FASB issued ASU No. 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes" ("ASU 2019-12"), which is intended to simplify various aspects related to accounting for income taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. ASU 2019-12 is effective for the Company beginning January 1, 2021. The Company is currently evaluating the impact of the adoption of ASU 2019-12 on its financial statements.
Inventory, Interest Capitalization Policy	We capitalize interest cost into homebuilding inventories. Each layer of capitalized interest is amortized over a period that approximates the average life of communities under development. Interest expense is allocated over the period based on the timing of home closings.
Fair Value of Financial Instruments Policy	Fair values for agency residential mortgage loans available-for-sale are determined based on quoted market prices for comparable instruments. Fair values for non-agency residential mortgage loans available-for-sale are determined based on purchase commitments from whole loan investors and other relevant market information available to management. Fair values for interest rate lock commitments, including the value of servicing rights, and forward contracts on mortgage-backed securities are valued based on market prices for similar instruments. Fair values for whole loan commitments are based on market prices for similar instruments from the specific whole loan investor. Certain assets are required to be recorded at fair value on a non-recurring basis when events and circumstances indicate that the carrying value may not be recoverable. The non-recurring fair values included in the above table represent only those assets whose carrying values were adjusted to fair value during the quarterly period ended as of the respective balance sheet dates. See Note 1 for a more detailed discussion of the valuation methods used for inventory.
Financing Receivables Policy	We record receivables from various parties in the normal course of business, including amounts due from insurance companies (see Note 11
Legal Reserves Policy		We are involved in various litigation and legal claims in the normal course of our business operations, including actions brought on behalf of various classes of claimants. We are also subject to a variety of local, state, and federal laws and regulations related to land development activities, house construction standards, sales practices, mortgage lending operations, employment practices, and protection of the environment. As a result, we are subject to periodic examination or inquiry by various governmental agencies that administer these laws and regulations. We establish liabilities for legal claims and regulatory matters when such matters are both probable of occurring and any potential loss is reasonably estimable. We accrue for such matters based on the facts and circumstances specific to each matter and revise these estimates as the matters evolve. In such cases, there may exist an exposure to loss in excess of any amounts currently accrued. In view of the inherent difficulty of predicting the outcome of these legal and regulatory matters, we generally cannot predict the ultimate resolution of the pending matters, the related timing, or the eventual loss. While the outcome of such contingencies cannot be predicted with certainty, we do not believe that the resolution of such matters will have a material adverse impact on our results of operations, financial position, or cash flows. However, to the extent the liability arising from the ultimate resolution of any matter exceeds the estimates reflected in the recorded reserves relating to such matter, we could incur additional charges that could be significant.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Schedule of Other Expense (Income), Net	Other expense, net consists of the following ($000’s omitted): 2019 2018 2017 Write-offs of deposits and pre-acquisition costs (Note 2) $ (13,116 ) $ (16,992 ) $ (11,367 ) Amortization of intangible assets (Note 1) (14,200 ) (13,800 ) (13,800 ) Loss on debt retirement ( Note 5 ) (4,927 ) (76 ) — Interest income 16,739 7,593 2,537 Interest expense (584 ) (618 ) (503 ) Equity in earnings (loss) of unconsolidated entities ( Note 4 ) (a) 747 2,690 (1,985 ) Miscellaneous, net 1,865 7,354 (7,269 ) Total other expense, net $ (13,476 ) $ (13,849 ) $ (32,387 ) (a) Includes an $8.0 million impairment of an investment in an unconsolidated entity in 2017 (see Note 2 ).
Schedule of Earnings Per Share of Common Stock	The following table presents a reconciliation of the numerator used in our earnings per common share calculation ($000's omitted): December 31, 2019 December 31, 2018 December 31, 2017 Numerator: Net income $ 1,016,700 $ 1,022,023 $ 447,221 Less: earnings distributed to participating securities (1,228 ) (1,208 ) (1,192 ) Less: undistributed earnings allocated to participating securities (9,143 ) (9,984 ) (3,380 ) Numerator for basic earnings per share $ 1,006,329 $ 1,010,831 $ 442,649 Add: undistributed earnings allocated to participating securities 9,143 9,984 3,380 Less: undistributed earnings reallocated to participating securities (9,117 ) (9,939 ) (3,361 ) Numerator for diluted earnings per share $ 1,006,355 $ 1,010,876 $ 442,668
Schedule Of Company Interests In Land Option Agreements	The following provides a summary of our interests in land option agreements ($000’s omitted): December 31, 2019 December 31, 2018 Deposits and Remaining Purchase Deposits and Remaining Purchase Land options with VIEs $ 123,775 $ 1,466,585 $ 90,717 $ 1,079,507 Other land options 175,662 1,755,377 127,851 1,522,903 $ 299,437 $ 3,221,962 $ 218,568 $ 2,602,410
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The fair values of derivative instruments and their location in the Consolidated Balance Sheets are summarized below ($000’s omitted): December 31, 2019 December 31, 2018 Other Assets Other Liabilities Other Assets Other Liabilities Interest rate lock commitments $ 8,351 $ 149 $ 9,196 $ 161 Forward contracts 299 1,372 315 7,229 Whole loan commitments 880 284 393 1,111 $ 9,530 $ 1,805 $ 9,904 $ 8,501

Inventory And Land Held For S_2

Inventory And Land Held For Sale (Tables)	12 Months Ended
	Dec. 31, 2019
Inventory Disclosure [Abstract]
Components of Inventory	Major components of inventory at December 31, 2019 and 2018 were ($000’s omitted): 2019 2018 Homes under construction $ 2,899,016 $ 2,630,158 Land under development 4,347,107 4,129,225 Raw land 434,491 493,970 $ 7,680,614 $ 7,253,353
Capitalized Interest Rollforward	Activity related to interest capitalized into inventory is as follows ($000’s omitted): Years Ended December 31, 2019 2018 2017 Interest in inventory, beginning of period $ 227,495 $ 226,611 $ 186,097 Interest capitalized 164,114 172,809 181,719 Interest expensed (181,226 ) (171,925 ) (141,205 ) Interest in inventory, end of period $ 210,383 $ 227,495 $ 226,611
Land-related Charges	recorded the following land-related charges ($000's omitted): Statement of Operations Classification 2019 2018 2017 Net realizable value adjustments ("NRV") - land held for sale Land sale cost of revenues $ 5,368 $ 11,489 $ 83,576 Land impairments Home sale cost of revenues 8,617 70,965 88,952 Impairments of unconsolidated entities Other expense, net — — 8,018 Write-offs of deposits and pre-acquisition costs Other expense, net 13,116 16,992 11,367 Total land-related charges $ 27,101 $ 99,446 $ 191,913
Land Held for Sale	The table below summarizes certain quantitative unobservable inputs utilized in determining the fair value of impaired communities ($000's omitted): Communities Impaired Fair Value of Communities Impaired, Net of Impairment Charges Impairment Charges Average Selling Price Quarterly Sales Pace (homes) Discount Rate 2019 5 $ 12,589 $ 8,617 $284 to $550 1 to 6 12% to 14% 2018 8 $ 24,062 $ 70,965 $287 to $586 2 to 11 12% to 22% 2017 9 $ 19,252 $ 88,952 $207 to $818 1 to 11 12% to 25%

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Operating Data By Reporting Segment	Operating Data by Segment ($000’s omitted) Years Ended December 31, 2019 2018 2017 Revenues: Northeast $ 797,963 $ 839,700 $ 693,877 Southeast 1,684,655 1,746,161 1,564,116 Florida 2,074,194 1,944,170 1,494,389 Midwest 1,495,037 1,497,389 1,450,192 Texas 1,389,211 1,301,004 1,168,755 West 2,537,466 2,654,525 2,014,197 9,978,526 9,982,949 8,385,526 Financial Services 234,431 205,382 192,160 Consolidated revenues $ 10,212,957 $ 10,188,331 $ 8,577,686 Income before income taxes (a) : Northeast $ 116,221 $ 29,629 $ 21,190 Southeast (b) 175,763 202,639 122,532 Florida (b) 309,596 289,418 208,825 Midwest 184,438 179,568 178,231 Texas 195,751 193,946 182,862 West (c) 386,361 511,828 229,504 Other homebuilding (d) (131,869 ) (118,224 ) (77,812 ) 1,236,261 1,288,804 865,332 Financial Services 103,315 58,736 73,496 Consolidated income before income taxes $ 1,339,576 $ 1,347,540 $ 938,828 (a) Includes certain land-related charges (see the following table and Note 2 ). (b) Includes warranty charges totaling $14.8 million in 2019 related to a closed-out community in Southeast and $12.4 million in 2017 related to a closed-out community in Florida (see Note 11 ). (c) West includes gains of $26.4 million in 2018 related to two land sale transactions in California. (d) Other homebuilding includes the amortization of intangible assets, amortization of capitalized interest, and other items not allocated to the operating segments. Also included are write-offs of insurance receivables associated with the resolution of certain insurance matters totaling $22.6 million and $29.6 million in 2019 and 2017, respectively (see Note 11 ), and general liability insurance reserve reversals of $49.4 million , $35.9 million , and $97.8 million in 2019 , 2018 and 2017 , respectively (see Note 11 ). Operating Data by Segment ($000's omitted) 2019 2018 2017 Land-related charges*: Northeast $ 1,122 $ 74,488 $ 51,362 Southeast 15,697 8,140 55,689 Florida 2,811 1,166 9,702 Midwest 2,581 7,361 8,917 Texas 1,151 1,204 2,521 West 2,568 5,159 56,996 Other homebuilding 1,171 1,928 6,726 $ 27,101 $ 99,446 $ 191,913
Land-Related Charges By Reporting Segment	Operating Data by Segment ($000's omitted) 2019 2018 2017 Land-related charges*: Northeast $ 1,122 $ 74,488 $ 51,362 Southeast 15,697 8,140 55,689 Florida 2,811 1,166 9,702 Midwest 2,581 7,361 8,917 Texas 1,151 1,204 2,521 West 2,568 5,159 56,996 Other homebuilding 1,171 1,928 6,726 $ 27,101 $ 99,446 $ 191,913 * Land-related charges include land impairments, net realizable value adjustments for land held for sale, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue. Other homebuilding consists primarily of write-offs of capitalized interest related to such land-related charges. See Note 2 for additional discussion of these charges.
Depreciation and Amortization Expense by Reporting Segment	Operating Data by Segment ($000's omitted) Years Ended December 31, 2019 2018 2017 Depreciation and amortization: Northeast $ 1,962 $ 2,093 $ 2,392 Southeast 4,448 5,231 5,117 Florida 5,775 4,893 4,883 Midwest 4,417 4,271 4,449 Texas 3,423 3,082 3,301 West 9,317 6,758 5,828 Other homebuilding (a) 19,553 18,908 21,326 48,895 45,236 47,296 Financial Services 5,104 4,193 3,702 $ 53,999 $ 49,429 $ 50,998 (a)
Equity in (Earnings) Loss of Unconsolidated Entities by Reporting Segment	Operating Data by Segment ($000's omitted) December 31, 2019 Homes Under Land Under Raw Land Total Total Northeast $ 345,644 $ 242,666 $ 25,098 $ 613,408 $ 698,661 Southeast 430,008 724,258 72,804 1,227,070 1,354,086 Florida 539,895 894,716 99,228 1,533,839 1,700,198 Midwest 315,822 464,733 31,881 812,436 886,889 Texas 343,230 447,707 84,926 875,863 949,236 West 881,551 1,289,255 105,606 2,276,412 2,538,803 Other homebuilding (a) 42,866 283,772 14,948 341,586 1,953,440 2,899,016 4,347,107 434,491 7,680,614 10,081,313 Financial Services — — — — 634,284 $ 2,899,016 $ 4,347,107 $ 434,491 $ 7,680,614 $ 10,715,597 December 31, 2018 Homes Under Land Under Raw Land Total Total Northeast $ 268,900 $ 291,467 $ 52,245 $ 612,612 $ 704,515 Southeast 443,140 676,087 90,332 1,209,559 1,347,427 Florida 467,625 892,669 85,321 1,445,615 1,601,906 Midwest 314,442 433,056 29,908 777,406 849,596 Texas 284,405 427,124 98,415 809,944 881,629 West 805,709 1,131,841 118,579 2,056,129 2,208,092 Other homebuilding (a) 45,937 276,981 19,170 342,088 2,006,825 2,630,158 4,129,225 493,970 7,253,353 9,599,990 Financial Services — — — — 572,986 $ 2,630,158 $ 4,129,225 $ 493,970 $ 7,253,353 $ 10,172,976
Total Assets And Inventory By Reporting Segment	Operating Data by Segment ($000's omitted) December 31, 2019 Homes Under Land Under Raw Land Total Total Northeast $ 345,644 $ 242,666 $ 25,098 $ 613,408 $ 698,661 Southeast 430,008 724,258 72,804 1,227,070 1,354,086 Florida 539,895 894,716 99,228 1,533,839 1,700,198 Midwest 315,822 464,733 31,881 812,436 886,889 Texas 343,230 447,707 84,926 875,863 949,236 West 881,551 1,289,255 105,606 2,276,412 2,538,803 Other homebuilding (a) 42,866 283,772 14,948 341,586 1,953,440 2,899,016 4,347,107 434,491 7,680,614 10,081,313 Financial Services — — — — 634,284 $ 2,899,016 $ 4,347,107 $ 434,491 $ 7,680,614 $ 10,715,597 December 31, 2018 Homes Under Land Under Raw Land Total Total Northeast $ 268,900 $ 291,467 $ 52,245 $ 612,612 $ 704,515 Southeast 443,140 676,087 90,332 1,209,559 1,347,427 Florida 467,625 892,669 85,321 1,445,615 1,601,906 Midwest 314,442 433,056 29,908 777,406 849,596 Texas 284,405 427,124 98,415 809,944 881,629 West 805,709 1,131,841 118,579 2,056,129 2,208,092 Other homebuilding (a) 45,937 276,981 19,170 342,088 2,006,825 2,630,158 4,129,225 493,970 7,253,353 9,599,990 Financial Services — — — — 572,986 $ 2,630,158 $ 4,129,225 $ 493,970 $ 7,253,353 $ 10,172,976 (a) Other homebuilding primarily includes cash and equivalents, capitalized interest, intangibles, deferred tax assets, and other corporate items that are not allocated to the operating segments.

Investments In Unconsolidated_2

Investments In Unconsolidated Entities (Tables)	12 Months Ended
	Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Summary of Joint Ventures	A summary of our investments in such entities is presented below ($000’s omitted): December 31, 2019 2018 Investments in joint ventures with limited recourse debt $ 39,527 $ 31,551 Investments in joint ventures with debt non-recourse to PulteGroup 3,655 3,471 Investments in other unconsolidated entities 16,584 19,568 Total investments in unconsolidated entities $ 59,766 $ 54,590 Total joint venture debt $ 775 $ 42,948 PulteGroup proportionate share of joint venture debt: Joint venture debt with limited recourse guaranties $ — $ 21,059 Joint venture debt non-recourse to PulteGroup 205 217 PulteGroup's total proportionate share of joint venture debt $ 205 $ 21,276

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of Senior Notes	Our notes payable are summarized as follows ($000’s omitted): December 31, 2019 2018 4.250% unsecured senior notes due March 2021 (a) $ 425,954 $ 700,000 5.500% unsecured senior notes due March 2026 (a) 700,000 700,000 5.000% unsecured senior notes due January 2027 (a) 600,000 600,000 7.875% unsecured senior notes due June 2032 (a) 300,000 300,000 6.375% unsecured senior notes due May 2033 (a) 400,000 400,000 6.000% unsecured senior notes due February 2035 (a) 300,000 300,000 Net premiums, discounts, and issuance costs (b) (14,295 ) (13,247 ) Total senior notes $ 2,711,659 $ 2,986,753 Other notes payable 53,381 41,313 Notes payable $ 2,765,040 $ 3,028,066 Estimated fair value $ 3,152,046 $ 2,899,143 (a) Redeemable prior to maturity; guaranteed on a senior basis by certain wholly-owned subsidiaries. (b)
Schedule of Financial Services available credit lines	The following is aggregate borrowing information for our mortgage operations ($000’s omitted): December 31, 2019 2018 Available credit lines $ 375,000 $ 520,000 Unused credit lines $ 48,427 $ 171,588 Weighted-average interest rate 4.16 % 4.27 %

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock Compensation Expense by Plan Type	Our stock compensation expense for the three years ended December 31, 2019 , is presented below ($000's omitted): 2019 2018 2017 RSUs and performance shares $ 21,538 $ 20,145 $ 24,207 Long-term incentive plans 6,830 8,145 9,476 $ 28,368 $ 28,290 $ 33,683
Stock Option Activity Rollforward	A summary of stock option activity for the three years ended December 31, 2019 , is presented below (000’s omitted, except per share data): 2019 2018 2017 Shares Weighted- Average Per Share Exercise Price Shares Weighted- Average Per Share Exercise Price Shares Weighted- Average Per Share Exercise Price Outstanding, beginning of year 563 $ 12 1,168 $ 11 3,623 $ 12 Granted — — — — — — Exercised (547 ) 12 (605 ) 11 (2,353 ) 12 Forfeited — — — — (102 ) 28 Outstanding, end of year 16 $ 8 563 $ 12 1,168 $ 11 Options exercisable at year end 16 $ 8 563 $ 12 1,168 $ 11
Restricted Stock, RSUs, and Performance Shares Activity Rollforward	A summary of restricted share activity, including RSUs and performance shares, for the three years ended December 31, 2019 , is presented below (000’s omitted, except per share data): 2019 2018 2017 Shares Weighted- Average Per Share Grant Date Fair Value Shares Weighted- Average Per Share Grant Date Fair Value Shares Weighted- Average Per Share Grant Date Fair Value Outstanding, beginning of year 3,074 $ 23 3,271 $ 19 2,974 $ 19 Granted 932 27 833 31 1,251 21 Distributed (1,181 ) 17 (786 ) 22 (775 ) 19 Forfeited (144 ) 26 (244 ) 22 (179 ) 19 Outstanding, end of year 2,681 $ 26 3,074 $ 23 3,271 $ 19 Vested, end of year 153 $ 20 129 $ 21 152 $ 17

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Components of Income Tax Expense (Benefit)	Components of current and deferred income tax expense (benefit) are as follows ($000’s omitted): 2019 2018 2017 Current expense (benefit) Federal $ 196,186 $ (44,462 ) $ 81,101 State and other 21,252 7,202 (11,801 ) $ 217,438 $ (37,260 ) $ 69,300 Deferred expense (benefit) Federal $ 74,700 $ 271,544 $ 444,695 State and other 30,738 91,233 (22,388 ) $ 105,438 $ 362,777 $ 422,307 Income tax expense (benefit) $ 322,876 $ 325,517 $ 491,607
Effective Income Tax Rate Reconciliation	The following table reconciles the statutory federal income tax rate to the effective income tax rate: 2019 2018 2017 Income taxes at federal statutory rate 21.0 % 21.0 % 35.0 % State and local income taxes, net of federal tax 3.7 4.0 3.1 Tax accounting method change — (2.5 ) — Changes in tax laws, including the Tax Act 0.2 1.0 18.3 Deferred tax asset valuation allowance (0.4 ) 0.9 (1.1 ) Tax contingencies (0.1 ) 0.1 (1.0 ) Other (0.3 ) (0.3 ) (1.9 ) Effective rate 24.1 % 24.2 % 52.4 %
Deferred Tax Assets and Liabilities	Components of our net deferred tax asset are as follows ($000’s omitted): At December 31, 2019 2018 Deferred tax assets: Accrued insurance $ 142,515 $ 144,225 Inventory valuation reserves 97,585 132,495 Other 64,373 50,237 NOL carryforwards: Federal 12,962 27,122 State 200,710 228,959 Tax credits 8,648 7,692 526,793 590,730 Deferred tax liabilities: Deferred income (228,186 ) (195,596 ) Intangibles and other (44,547 ) (26,966 ) (272,733 ) (222,562 ) Valuation allowance (83,953 ) (92,589 ) Net deferred tax asset $ 170,107 $ 275,579
Summary of Income Tax Contingencies	A reconciliation of the change in the unrecognized tax benefits is as follows ($000’s omitted): 2019 2018 2017 Unrecognized tax benefits, beginning of period $ 30,554 $ 48,604 $ 21,502 Increases related to positions taken during a prior period 2,376 5,389 20,555 Decreases related to positions taken during a prior period (7,918 ) (31,850 ) (9,665 ) Increases related to positions taken during the current period 16,332 8,411 18,895 Decreases related to settlements with taxing authorities (1,044 ) — — Decreases related to lapse of the applicable statute of limitations — — (2,683 ) Unrecognized tax benefits, end of period $ 40,300 $ 30,554 $ 48,604

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Our assets and liabilities measured or disclosed at fair value are summarized below ($000’s omitted): Financial Instrument Fair Value Fair Value December 31, December 31, Measured at fair value on a recurring basis: Residential mortgage loans available-for-sale Level 2 $ 508,967 $ 461,354 Interest rate lock commitments Level 2 8,202 9,035 Forward contracts Level 2 (1,073 ) (6,914 ) Whole loan commitments Level 2 596 (718 ) Measured at fair value on a non-recurring basis: House and land inventory Level 3 $ 9,979 $ 18,253 Land held for sale Level 2 4,193 17,813 Disclosed at fair value: Cash and equivalents (including restricted cash) Level 1 $ 1,251,456 $ 1,133,700 Financial Services debt Level 2 326,573 348,412 Other notes payable Level 2 53,381 41,313 Senior notes payable Level 2 3,098,665 2,857,830

Other Assets and Accrued and _2

Other Assets and Accrued and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2019
Other Assets and Accrued and Other Liabilities [Abstract]
Schedule of Other Assets	Other assets are presented below ($000’s omitted): December 31, 2019 2018 Accounts and notes receivable: Insurance receivables (Note 11) $ 118,366 $ 152,987 Other receivables 129,781 136,319 248,147 289,306 Prepaid expenses 123,220 131,523 Deposits and pre-acquisition costs (Note 1) 299,437 218,568 Property and equipment, net (Note 1) 111,713 92,935 Right-of-use assets ( Note 11 ) (a) 70,029 — Income taxes receivable 2,285 58,090 Other 40,855 39,937 $ 895,686 $ 830,359
Schedule of Accrued and Other Liabilities	Accrued and other liabilities are presented below ($000’s omitted): December 31, 2019 2018 Self-insurance liabilities (Note 11) $ 709,798 $ 737,013 Compensation-related liabilities 171,533 161,068 Lease liabilities ( Note 11 ) (a) 91,408 — Warranty liabilities (Note 11) 91,389 79,154 Accrued interest 48,483 52,521 Loan origination liabilities (Note 11) 25,159 50,282 Other 261,598 280,445 $ 1,399,368 $ 1,360,483 (a) Lease liabilities have no balance at December 31, 2018 as a result of the Company's adoption of ASU 2016-02 using a modified retrospective approach with an effective date of January 1, 2019 ( Note 11 ).

Commitments And Contingencies (

Commitments And Contingencies (Tables)	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Summary of Changes in Loan Origination Liability	hanges in these liabilities were as follows ($000's omitted): 2019 2018 2017 Liabilities, beginning of period $ 50,282 $ 34,641 $ 35,114 Reserves provided (released), net (225 ) 16,130 (50 ) Payments (24,898 ) (489 ) (423 ) Liabilities, end of period $ 25,159 $ 50,282 $ 34,641
Summary of Changes in Warranty Liability	Changes in warranty liabilities were as follows ($000’s omitted): 2019 2018 2017 Warranty liabilities, beginning of period $ 79,154 $ 72,709 $ 66,134 Reserves provided 60,818 65,567 50,014 Payments (75,635 ) (64,525 ) (58,780 ) Other adjustments (a) 27,052 5,403 15,341 Warranty liabilities, end of period $ 91,389 $ 79,154 $ 72,709
Summary of Changes in Self-insurance Liability	Changes in these liabilities were as follows ($000's omitted): 2019 2018 2017 Balance, beginning of period $ 737,013 $ 758,812 $ 831,058 Reserves provided 83,209 93,156 98,176 Adjustments to previously recorded reserves (a) (49,437 ) (35,873 ) (97,789 ) Payments, net (a) (60,987 ) (79,082 ) (72,633 ) Balance, end of period $ 709,798 $ 737,013 $ 758,812
Schedule of Future Minimum Lease Payments Required Under Leases	The future minimum lease payments required under our leases as of December 31, 2019 were as follows ($000's omitted): Years Ending December 31, 2020 $ 18,995 2021 20,523 2022 18,605 2023 17,306 2024 11,677 Thereafter 22,476 Total lease payments (a) 109,582 Less: Interest (b) 18,174 Present value of lease liabilities (c) $ 91,408 (a) Lease payments include options to extend lease terms that are reasonably certain of being exercised and exclude $6.0 million of legally binding minimum lease payments for leases signed but not yet commenced at December 31, 2019 . (b) Our leases do not provide a readily determinable implicit rate. Therefore, we must estimate our discount rate for such leases to determine the present value of lease payments at the lease commencement date. (c) The weighted average remaining lease term and weighted average discount rate used in calculating our lease liabilities were 6.1 years and 5.8% , respectively, at December 31, 2019 .

Supplemental Guarantor Inform_2

Supplemental Guarantor Information (Tables)	12 Months Ended
	Dec. 31, 2019
Supplemental Guarantor Information [Abstract]
Consolidating Balance Sheet	CONSOLIDATING BALANCE SHEET DECEMBER 31, 2019 ($000’s omitted) Unconsolidated Eliminating Consolidated PulteGroup, Guarantor Non-Guarantor ASSETS Cash and equivalents $ — $ 1,026,743 $ 191,170 $ — $ 1,217,913 Restricted cash — 31,328 2,215 — 33,543 Total cash, cash equivalents, and restricted cash — 1,058,071 193,385 — 1,251,456 House and land inventory — 7,554,662 125,952 — 7,680,614 Land held for sale — 24,009 — — 24,009 Residential mortgage loans available- for-sale — — 508,967 — 508,967 Investments in unconsolidated entities — 59,266 500 — 59,766 Other assets 8,172 688,996 198,518 895,686 Intangible assets — 124,992 — — 124,992 Deferred tax assets, net 182,461 — (12,354 ) — 170,107 Investments in subsidiaries and intercompany accounts, net 8,103,191 1,081,472 9,279,403 (18,464,066 ) — $ 8,293,824 $ 10,591,468 $ 10,294,371 $ (18,464,066 ) $ 10,715,597 LIABILITIES AND SHAREHOLDERS' EQUITY Liabilities: Accounts payable, customer deposits, accrued and other liabilities $ 87,892 $ 1,781,893 $ 259,926 $ — $ 2,129,711 Income tax liabilities 36,093 — — — 36,093 Financial Services debt — — 326,573 — 326,573 Notes payable 2,711,659 53,381 — — 2,765,040 Total liabilities 2,835,644 1,835,274 586,499 — 5,257,417 Total shareholders’ equity 5,458,180 8,756,194 9,707,872 (18,464,066 ) 5,458,180 $ 8,293,824 $ 10,591,468 $ 10,294,371 $ (18,464,066 ) $ 10,715,597 CONSOLIDATING BALANCE SHEET DECEMBER 31, 2018 ($000’s omitted) Unconsolidated Eliminating Consolidated PulteGroup, Guarantor Non-Guarantor ASSETS Cash and equivalents $ — $ 906,961 $ 203,127 $ — $ 1,110,088 Restricted cash — 22,406 1,206 — 23,612 Total cash, cash equivalents, and restricted cash — 929,367 204,333 — 1,133,700 House and land inventory — 7,157,665 95,688 — 7,253,353 Land held for sale — 36,849 — — 36,849 Residential mortgage loans available- for-sale — — 461,354 — 461,354 Investments in unconsolidated entities — 54,045 545 — 54,590 Other assets 66,154 579,452 184,753 — 830,359 Intangible assets — 127,192 — — 127,192 Deferred tax assets, net 282,874 — (7,295 ) — 275,579 Investments in subsidiaries and intercompany accounts, net 7,557,245 500,138 8,231,342 (16,288,725 ) — $ 7,906,273 $ 9,384,708 $ 9,170,720 $ (16,288,725 ) $ 10,172,976 LIABILITIES AND SHAREHOLDERS' EQUITY Liabilities: Accounts payable, customer deposits, accrued and other liabilities $ 90,158 $ 1,598,265 $ 278,713 $ — $ 1,967,136 Income tax liabilities 11,580 — — — 11,580 Financial Services debt — — 348,412 — 348,412 Notes payable 2,986,753 40,776 537 — 3,028,066 Total liabilities 3,088,491 1,639,041 627,662 — 5,355,194 Total shareholders’ equity 4,817,782 7,745,667 8,543,058 (16,288,725 ) 4,817,782 $ 7,906,273 $ 9,384,708 $ 9,170,720 $ (16,288,725 ) $ 10,172,976
Consolidating Statement Of Operations and Comprehensive Income (Loss)	CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the year ended December 31, 2019 ($000’s omitted) Unconsolidated Consolidated PulteGroup, Guarantor Non-Guarantor Eliminating Revenues: Homebuilding Home sale revenues $ — $ 9,725,421 $ 190,284 $ — $ 9,915,705 Land sale and other revenues — 61,282 1,539 — 62,821 — 9,786,703 191,823 — 9,978,526 Financial Services — — 234,431 — 234,431 — 9,786,703 426,254 — 10,212,957 Homebuilding Cost of Revenues: Home sale cost of revenues — (7,485,268 ) (143,432 ) — (7,628,700 ) Land sale cost of revenues — (54,143 ) (1,955 ) — (56,098 ) — (7,539,411 ) (145,387 ) — (7,684,798 ) Financial Services expenses — (483 ) (130,287 ) — (130,770 ) Selling, general, and administrative expenses — (994,262 ) (50,075 ) — (1,044,337 ) Other expense, net (5,423 ) (46,490 ) 38,437 — (13,476 ) Intercompany interest (8,194 ) — 8,194 — — Income (loss) before income taxes and equity in income (loss) of subsidiaries (13,617 ) 1,206,057 147,136 — 1,339,576 Income tax (expense) benefit 3,404 (289,102 ) (37,178 ) — (322,876 ) Income (loss) before equity in income (loss) of subsidiaries (10,213 ) 916,955 109,958 — 1,016,700 Equity in income (loss) of subsidiaries 1,026,913 120,622 962,865 (2,110,400 ) — Net income (loss) 1,016,700 1,037,577 1,072,823 (2,110,400 ) 1,016,700 Other comprehensive income (loss) 100 — — — 100 Comprehensive income (loss) $ 1,016,800 $ 1,037,577 $ 1,072,823 $ (2,110,400 ) $ 1,016,800 CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the year ended December 31, 2018 ($000’s omitted) Unconsolidated Consolidated PulteGroup, Guarantor Non-Guarantor Eliminating Revenues: Homebuilding Home sale revenues $ — $ 9,694,703 $ 123,742 $ — $ 9,818,445 Land sale and other revenues — 162,012 2,492 — 164,504 — 9,856,715 126,234 — 9,982,949 Financial Services — — 205,382 — 205,382 — 9,856,715 331,616 — 10,188,331 Homebuilding Cost of Revenues: Home sale cost of revenues — (7,449,343 ) (91,594 ) — (7,540,937 ) Land sale cost of revenues — (125,016 ) (1,544 ) — (126,560 ) — (7,574,359 ) (93,138 ) — (7,667,497 ) Financial Services expenses — (563 ) (146,859 ) — (147,422 ) Selling, general, and administrative expenses — (974,858 ) (37,165 ) — (1,012,023 ) Other expense, net (580 ) (53,765 ) 40,496 — (13,849 ) Intercompany interest (7,835 ) — 7,835 — — Income (loss) before income taxes and equity in income (loss) of subsidiaries (8,415 ) 1,253,170 102,785 — 1,347,540 Income tax (expense) benefit 2,104 (304,218 ) (23,403 ) — (325,517 ) Income (loss) before equity in income (loss) of subsidiaries (6,311 ) 948,952 79,382 — 1,022,023 Equity in income (loss) of subsidiaries 1,028,334 73,097 782,948 (1,884,379 ) — Net income (loss) 1,022,023 1,022,049 862,330 (1,884,379 ) 1,022,023 Other comprehensive income (loss) 100 — — — 100 Comprehensive income (loss) $ 1,022,123 $ 1,022,049 $ 862,330 $ (1,884,379 ) $ 1,022,123 CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the year ended December 31, 2017 ($000’s omitted) Unconsolidated Eliminating Consolidated PulteGroup, Guarantor Non-Guarantor Revenues: Homebuilding Home sale revenues $ — $ 8,229,392 $ 94,592 $ — $ 8,323,984 Land sale and other revenues — 57,711 3,831 — 61,542 — 8,287,103 98,423 — 8,385,526 Financial Services — — 192,160 — 192,160 — 8,287,103 290,583 — 8,577,686 Homebuilding Cost of Revenues: Home sale cost of revenues — (6,385,167 ) (75,985 ) — (6,461,152 ) Land sale cost of revenues — (131,363 ) (3,086 ) — (134,449 ) — (6,516,530 ) (79,071 ) — (6,595,601 ) Financial Services expenses — (527 ) (118,762 ) — (119,289 ) Selling, general, and administrative expenses — (785,266 ) (106,315 ) — (891,581 ) Other expense, net (482 ) (63,050 ) 31,145 — (32,387 ) Intercompany interest (2,485 ) — 2,485 — — Income (loss) before income taxes and equity in income (loss) of subsidiaries (2,967 ) 921,730 20,065 — 938,828 Income tax (expense) benefit 1,127 (483,435 ) (9,299 ) — (491,607 ) Income (loss) before equity in income (loss) of subsidiaries (1,840 ) 438,295 10,766 — 447,221 Equity in income (loss) of subsidiaries 449,061 58,559 226,864 (734,484 ) — Net income (loss) 447,221 496,854 237,630 (734,484 ) 447,221 Other comprehensive income (loss) 81 — — — 81 Comprehensive income (loss) $ 447,302 $ 496,854 $ 237,630 $ (734,484 ) $ 447,302
Consolidating Statement Of Cash Flows	CONSOLIDATING STATEMENT OF CASH FLOWS For the year ended December 31, 2019 ($000’s omitted) Unconsolidated Consolidated PulteGroup, Guarantor Non-Guarantor Eliminating Net cash provided by (used in) operating activities $ 195,371 $ 858,338 $ 23,836 $ — $ 1,077,545 Cash flows from investing activities: Capital expenditures — (48,899 ) (9,220 ) — (58,119 ) Investment in unconsolidated subsidiaries — (8,807 ) (708 ) — (9,515 ) Cash used for business acquisition — (163,724 ) — — (163,724 ) Other investing activities, net — 3,337 1,792 — 5,129 Net cash provided by (used in) investing activities — (218,093 ) (8,136 ) — (226,229 ) Cash flows from financing activities: Proceeds from debt, net of issuance costs — — — — — Repayments of debt (280,259 ) (29,189 ) (537 ) — (309,985 ) Borrowings under revolving credit facility — — — — — Repayments under revolving credit facility — — — — — Financial Services borrowings (repayments), net — — (21,841 ) — (21,841 ) Stock option exercises 6,399 — — — 6,399 Share repurchases (274,333 ) — — — (274,333 ) Cash paid for shares withheld for taxes (11,450 ) — — — (11,450 ) Dividends paid (122,350 ) — — — (122,350 ) Intercompany activities, net 486,622 (482,352 ) (4,270 ) — — Net cash provided by (used in) financing activities (195,371 ) (511,541 ) (26,648 ) — (733,560 ) Net increase (decrease) — 128,704 (10,948 ) — 117,756 Cash, cash equivalents, and restricted cash at beginning of year — 929,367 204,333 — 1,133,700 Cash, cash equivalents, and restricted cash at end of year $ — $ 1,058,071 $ 193,385 $ — $ 1,251,456 CONSOLIDATING STATEMENT OF CASH FLOWS For the year ended December 31, 2018 ($000’s omitted) Unconsolidated Consolidated PulteGroup, Guarantor Non-Guarantor Eliminating Net cash provided by (used in) operating activities $ 494,521 $ 791,350 $ 163,876 $ — $ 1,449,747 Cash flows from investing activities: Capital expenditures — (51,147 ) (7,892 ) — (59,039 ) Investment in unconsolidated subsidiaries — (1,000 ) — — (1,000 ) Cash used for business acquisitions — — — — — Other investing activities, net — 11,300 6,797 — 18,097 Net cash provided by (used in) investing activities — (40,847 ) (1,095 ) — (41,942 ) Cash flows from financing activities: Proceeds from debt, net of issuance costs (8,164 ) — — — (8,164 ) Repayments of debt — (81,758 ) (1,017 ) — (82,775 ) Borrowings under revolving credit facility 1,566,000 — — — 1,566,000 Repayments under revolving credit facility (1,566,000 ) — — — (1,566,000 ) Financial Services borrowings (repayments), net — — (89,393 ) — (89,393 ) Stock option exercises 6,555 — — — 6,555 Share repurchases (294,566 ) — — — (294,566 ) Cash paid for shares withheld for taxes (7,910 ) — — — (7,910 ) Dividends paid (104,020 ) — — — (104,020 ) Intercompany activities, net (86,416 ) 102,821 (16,405 ) — — Net cash provided by (used in) financing activities (494,521 ) 21,063 (106,815 ) — (580,273 ) Net increase (decrease) — 771,566 55,966 — 827,532 Cash, cash equivalents, and restricted cash at beginning of year — 157,801 148,367 — 306,168 Cash, cash equivalents, and restricted cash at end of year $ — $ 929,367 $ 204,333 $ — $ 1,133,700 CONSOLIDATING STATEMENT OF CASH FLOWS For the year ended December 31, 2017 ($000’s omitted) Unconsolidated Consolidated PulteGroup, Guarantor Non-Guarantor Eliminating Net cash provided by (used in) operating activities $ 309,760 $ 328,163 $ 25,157 $ — $ 663,080 Cash flows from investing activities: Capital expenditures — (25,432 ) (6,619 ) — (32,051 ) Investment in unconsolidated subsidiaries — (23,037 ) — — (23,037 ) Cash used for business acquisitions — — — — — Other investing activities, net — 5,778 (932 ) — 4,846 Net cash provided by (used in) investing activities — (42,691 ) (7,551 ) — (50,242 ) Cash flows from financing activities: Financial Services borrowings (repayments) — — 106,183 — 106,183 Proceeds from debt, net of issuance costs — — — — — Repayments of debt (123,000 ) (10,301 ) (1,446 ) — (134,747 ) Borrowings under revolving credit facility 2,720,000 — — — 2,720,000 Repayments under revolving credit facility (2,720,000 ) — — — (2,720,000 ) Stock option exercises 27,720 — — — 27,720 Share repurchases (910,331 ) — — — (910,331 ) Cash paid for shares withheld for taxes (5,995 ) — — — (5,995 ) Dividends paid (112,748 ) — — — (112,748 ) Intercompany activities, net 814,594 (728,555 ) (86,039 ) — — Net cash provided by (used in) financing activities (309,760 ) (738,856 ) 18,698 — (1,029,918 ) Net increase (decrease) — (453,384 ) 36,304 — (417,080 ) Cash, cash equivalents, and restricted cash at beginning of year — 611,185 112,063 — 723,248 Cash, cash equivalents, and restricted cash at end of year $ — $ 157,801 $ 148,367 $ — $ 306,168

Quarterly Results (Unaudited) (

Quarterly Results (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	UNAUDITED QUARTERLY INFORMATION (000’s omitted, except per share data) 1st 2nd 3rd 4th Total (a) 2019 Homebuilding: Revenues $ 1,952,831 $ 2,433,028 $ 2,645,550 $ 2,947,116 $ 9,978,526 Cost of revenues (b) (1,494,841 ) (1,874,369 ) (2,035,972 ) (2,279,615 ) (7,684,798 ) Income before income taxes (c) 204,294 295,698 333,862 402,407 1,236,261 Financial Services: Revenues $ 43,862 $ 55,957 $ 64,815 $ 69,797 $ 234,431 Income before income taxes 12,409 25,078 32,284 33,544 103,315 Consolidated results: Revenues $ 1,996,693 $ 2,488,985 $ 2,710,365 $ 3,016,913 $ 10,212,957 Income before income taxes 216,703 320,776 366,146 435,951 1,339,576 Income tax expense (49,946 ) (79,735 ) (93,042 ) (100,153 ) (322,876 ) Net income $ 166,757 $ 241,041 $ 273,104 $ 335,798 $ 1,016,700 Net income per share: Basic $ 0.59 $ 0.86 $ 0.99 $ 1.23 $ 3.67 Diluted $ 0.59 $ 0.86 $ 0.99 $ 1.22 $ 3.66 Number of shares used in calculation: Basic 277,637 276,652 272,992 270,843 274,495 Effect of dilutive securities 1,003 932 640 632 802 Diluted 278,640 277,584 273,632 271,475 275,297 (a) Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently. (b) Cost of revenues includes a warranty charge related to a closed-out community of $9.0 million during the 3rd Quarter (See Note 11 ). (c) Homebuilding income before income taxes includes insurance reserve reversals of $12.8 million and $31.1 million during the 2nd and 4th Quarters, respectively; and write-offs of insurance receivables of $11.6 million and $12.6 million in the 1st and 2nd Quarters, respectively. UNAUDITED QUARTERLY INFORMATION (000’s omitted, except per share data) 1st 2nd 3rd 4th Total (a) 2018 Homebuilding: Revenues $ 1,924,155 $ 2,516,958 $ 2,597,746 $ 2,944,091 $ 9,982,949 Cost of revenues (b) (1,471,488 ) (1,900,316 ) (1,976,220 ) (2,319,473 ) (7,667,497 ) Income before income taxes (c) 210,358 388,453 365,055 324,938 1,288,804 Financial Services: Revenues $ 45,938 $ 52,764 $ 51,620 $ 55,059 $ 205,382 Income before income taxes (d) 13,833 20,717 19,633 4,553 58,736 Consolidated results: Revenues $ 1,970,093 $ 2,569,722 $ 2,649,366 $ 2,999,150 $ 10,188,331 Income before income taxes 224,191 409,170 384,688 329,491 1,347,540 Income tax expense (53,440 ) (85,081 ) (95,153 ) (91,842 ) (325,517 ) Net income $ 170,751 $ 324,089 $ 289,535 $ 237,649 $ 1,022,023 Net income per share: Basic $ 0.59 $ 1.12 $ 1.01 $ 0.84 $ 3.56 Diluted $ 0.59 $ 1.12 $ 1.01 $ 0.84 $ 3.55 Number of shares used in calculation: Basic 286,683 285,276 283,489 278,964 283,578 Effect of dilutive securities 1,343 1,378 1,183 1,248 1,287 Diluted 288,026 286,654 284,672 280,212 284,865 (a) Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently. (b) Cost of revenues includes land inventory impairments of $66.9 million and net realizable value adjustments on land held for sale of $9.0 million in the 4th Quarter. See Note 2 for a complete discussion of land-related charges for the full year. (c) Homebuilding income before income taxes includes an insurance reserve reversal of $37.9 million in the 2nd Quarter (see Note 11 ) and write-offs of pre-acquisition costs of $9.6 million in the 4th quarter (see Note 2 ). (d) Financial Services income before income taxes includes a charge related to loan origination liabilities of $16.2 million in the 4th quarter (see Note 11 ).

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Narrative) (Details) $ in Thousands	Apr. 23, 2019USD ($)lot	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Jan. 01, 2018USD ($)	Mar. 31, 2017USD ($)	Jan. 01, 2017USD ($)
Operating Lease, Liability		$ 70,029								$ 70,029
Finite-Lived Intangible Assets, Net		84,600				$ 86,800				84,600	$ 86,800
Unfunded settlements		6,200				40,900				6,200	40,900
Restricted Cash and Cash Equivalents		33,543				23,612				33,543	23,612
Intangible assets, accumulated amortization		204,400				190,200				204,400	190,200
Intangible assets amortization expense										14,200	13,800	$ 13,800
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months		14,400								14,400
Future Amortization Expense, Year Two		11,000								11,000
Future Amortization Expense, Year Three		6,300								6,300
Future Amortization Expense, Year Four		6,250								6,250
Future Amortization Expense, Year Five		6,250								6,250
Property and equipment, net		111,713				92,935				111,713	92,935
Property and equipment, accumulated depreciation		$ 218,900				209,300				218,900	209,300
Depreciation Expense										39,800	35,600	37,200
Advertising Expense										53,900	51,000	45,000
Employee benefit plan company contributions										$ 19,100	17,900	15,700
Number of VIEs requiring consolidation		0								0
Residential mortgage loans available-for-sale		$ 508,967				461,354				$ 508,967	461,354
Residential mortgage loans available-for-sale aggregate outstanding principal balance		494,100				444,200				494,100	444,200
Net gain (loss) from change in fair value										(600)	700
Net gains from the sale of mortgages										$ 129,400	111,300	110,900
Days past contractual term once loans no longer accrue interest income										90 days
Variability in future cash flows of derivative instruments in days										60 days
Cumulative Effect of New Accounting Principle in Period of Adoption													$ 22,411		$ 18,238
Income Tax Expense (Benefit)		(100,153)	$ (93,042)	$ (79,735)	$ (49,946)	(91,842)	$ (95,153)	$ (85,081)	$ (53,440)	$ (322,876)	(325,517)	(491,607)
Contract liabilities		294,400				254,600				294,400	254,600
Revenue from Contract with Customer, Excluding Assessed Tax										10,212,957	10,188,331	8,577,686
Capitalized contract costs		35,100				30,800				$ 35,100	30,800
Contract assets													27,700
Minimum | Office Furniture and Equipment [Member]
Property and equipment, useful life										3 years
Minimum | Software and Hardware [Member]
Property and equipment, useful life										3 years
Minimum | Model Park Improvements and Furnishings [Member]
Property and equipment, useful life										1 year
Maximum | Office Furniture and Equipment [Member]
Property and equipment, useful life										10 years
Maximum | Software and Hardware [Member]
Property and equipment, useful life										5 years
Maximum | Model Park Improvements and Furnishings [Member]
Property and equipment, useful life										5 years
Financial Services [Member]
Interest income on mortgage loans										$ 9,700	11,300	9,500
Interest Rate Lock Commitments [Member]
Derivative, Notional Amount		255,300				285,000				255,300	285,000
Forward Contracts [Member]
Derivative, Notional Amount		518,200				511,000				518,200	511,000
Whole Loan Commitments [Member]
Derivative, Notional Amount		$ 200,700				$ 187,800				$ 200,700	$ 187,800
American West Homes [Member] [Member]
Business Combination, Consideration Transferred	$ 163,700
Number of Units in Real Estate Property | lot	1,200
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	$ 12,000
Intangible asset useful life	20 years
American West Homes [Member] [Member] | Land Option Contracts [Member]
Number of Units in Real Estate Property | lot	2,300
JW Homes (Wieland) [Member]
Goodwill														$ 40,400
Restricted stock [Member]
Share-based compensation vesting period										3 years
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption													22,411		18,644
Accounting Standards Update 2016-09 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption															$ 18,600
Income Tax Expense (Benefit)												$ 7,700
Accounting Standards Update 2014-09 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption													$ 22,400

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Other Expense (Income), Net) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Other expense (income), net [Line Items]
Write-off of deposits and pre-acquisition costs	$ (9,600)	$ (13,116)	$ (16,992)	$ (11,367)
Interest Expense		(584)	(618)	(503)
Amortization of intangible assets		(14,200)	(13,800)	(13,800)
Gain (Loss) on Extinguishment of Debt		(4,927)	(76)	0
Equity in (earnings) loss of unconsolidated entities		747	2,690	(1,985)
Other Nonoperating Income		1,865	7,354
Interest expense		(16,739)	(7,593)	(2,537)
Other expense, net		13,476	13,849	32,387
Other Nonoperating Expense				(7,269)
Impairment Losses Related to Real Estate Partnerships		$ 0	$ 0	$ 8,018

Summary of Significant Accoun_6

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Numerator:
Net income	$ 335,798	$ 273,104	$ 241,041	$ 166,757	$ 237,649	$ 289,535	$ 324,089	$ 170,751	$ 1,016,700	$ 1,022,023	$ 447,221
Less: earnings distributed to participating securities									(1,228)	(1,208)	(1,192)
Less: undistributed earnings allocated to participating securities									(9,143)	(9,984)	(3,380)
Numerator for basic earnings per share									1,006,329	1,010,831	442,649
Add back: undistributed earnings allocated to participating securities									9,143	9,984	3,380
Less: undistributed earnings reallocated to participating securities									(9,117)	(9,939)	(3,361)
Numerator for diluted earnings per share									$ 1,006,355	$ 1,010,876	$ 442,668
Denominator:
Basic shares outstanding (shares)	270,843	272,992	276,652	277,637	278,964	283,489	285,276	286,683	274,495	283,578	305,089
Effect of dilutive securities (shares)	632	640	932	1,003	1,248	1,183	1,378	1,343	802	1,287	1,725
Diluted shares outstanding (shares)	271,475	273,632	277,584	278,640	280,212	284,672	286,654	288,026	275,297	284,865	306,814
Earnings per share:
Basic (usd per share)	$ 1.23	$ 0.99	$ 0.86	$ 0.59	$ 0.84	$ 1.01	$ 1.12	$ 0.59	$ 3.67	$ 3.56	$ 1.45
Diluted (usd per share)	$ 1.22	$ 0.99	$ 0.86	$ 0.59	$ 0.84	$ 1.01	$ 1.12	$ 0.59	$ 3.66	$ 3.55	$ 1.44

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Schedule Of The Company's Interests In Land Option Agreements) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Land under option agreement [Line Items]
Deposits and Pre-acquisition Costs	$ 299,437	$ 218,568
Remaining Purchase Price	3,221,962	2,602,410
Other Land Option Agreements Member
Land under option agreement [Line Items]
Deposits and Pre-acquisition Costs	175,662	127,851
Remaining Purchase Price	1,755,377	1,522,903
Consolidated and Unconsolidated VIEs [Member]
Land under option agreement [Line Items]
Deposits and Pre-acquisition Costs	123,775	90,717
Remaining Purchase Price	$ 1,466,585	$ 1,079,507

Summary of Significant Accoun_8

Summary of Significant Accounting Policies (Fair Value Of the Company's Derivative Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other Assets	$ 9,530	$ 9,904
Other Liabilities	1,805	8,501
Interest Rate Lock Commitments [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other Assets	8,351	9,196
Other Liabilities	149	161
Forward Contracts [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other Assets	299	315
Other Liabilities	1,372	7,229
Whole Loan Commitments [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other Assets	880	393
Other Liabilities	$ 284	$ 1,111

Inventory And Land Held For S_3

Inventory And Land Held For Sale (Major Components Of Inventory) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Homes under construction	$ 2,899,016	$ 2,630,158
Land under development	4,347,107	4,129,225
Raw land	434,491	493,970
House and land inventory	$ 7,680,614	$ 7,253,353

Inventory And Land Held For S_4

Inventory And Land Held For Sale (Information Related To Interest Capitalized Into Homebuilding Inventory) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Interest in inventory, beginning of period	$ 227,495	$ 226,611	$ 186,097
Interest capitalized	164,114	172,809	181,719
Interest expensed	(181,226)	(171,925)	(141,205)
Interest in inventory, end of period	$ 210,383	$ 227,495	$ 226,611

Inventory And Land Held For S_5

Inventory And Land Held For Sale Inventory and Land Held for Sale (Land-related Charges) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2018	Jun. 30, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Land impairments			$ 8,617	$ 70,965	$ 88,952
Net realizable value adjustments (NRV) - land held for sale		$ 81,000	5,368	11,489	83,576
Impairment Losses Related to Real Estate Partnerships			0	0	8,018
Write-off of deposits and pre-acquisition costs	$ 9,600		13,116	16,992	11,367
Total land-related charges			$ 27,101	$ 99,446	$ 191,913

Inventory And Land Held For S_6

Inventory And Land Held For Sale (Land Held For Sale) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Land held for sale, net	$ (24,009)	$ (36,849)

Inventory And Land Held For S_7

Inventory And Land Held For Sale (Narrative) (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2017USD ($)inactive_communityinacitve_lot	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Inventory Disclosure [Abstract]
Number of communities | inactive_community	17
Number of lots | inacitve_lot	4,600
Net Realizable Value Adjustments Land Held For Sale Total - land held for sale	$ (81,000)	$ (5,368)	$ (11,489)	$ (83,576)
Carrying value of land parcels	151,000
Inventory adjustments NRV				2,600
Inventory [Line Items]
Land impairments		8,617	$ 70,965	88,952
Impaired Community
Inventory [Line Items]
Entitlement period sought			10 years
Land impairments		$ 8,600	$ 59,200
All Other Communities
Inventory [Line Items]
Land impairments			$ 11,800	4,500
May 2017 Strategic Review Communities [Member]
Inventory [Line Items]
Land impairments	$ 31,500
Large Project Impairment [Member]
Inventory [Line Items]
Land impairments				$ 53,000

Inventory And Land Held For S_8

Inventory And Land Held For Sale (Quantitative Information for Fair Value of Impairment Charges) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)impaired_community	Dec. 31, 2018USD ($)impaired_community	Dec. 31, 2017USD ($)impaired_community	Jun. 30, 2017USD ($)inactive_community
Inventory [Line Items]
Number of communities | inactive_community				17
Fair Value of Communities Impaired, Net of Impairment Charges				$ 151,000
Impairment charges	$ 8,617	$ 70,965	$ 88,952
Impaired Inventory
Inventory [Line Items]
Number of communities | impaired_community	5	8	9
Fair Value of Communities Impaired, Net of Impairment Charges	$ 12,589	$ 24,062	$ 19,252
Impairment charges	8,617	70,965	88,952
Maximum | Impaired Inventory
Inventory [Line Items]
Average selling price	$ 550	$ 586	$ 818
Maximum | Quarterly Sales Pace (Homes) | Impaired Inventory
Inventory [Line Items]
Measurement input	6	11	11
Maximum | Discount Rate | Impaired Inventory
Inventory [Line Items]
Measurement input	0.14	0.22	0.25
Minimum | Impaired Inventory
Inventory [Line Items]
Average selling price	$ 284	$ 287	$ 207
Minimum | Quarterly Sales Pace (Homes) | Impaired Inventory
Inventory [Line Items]
Measurement input	1	2	1
Minimum | Discount Rate | Impaired Inventory
Inventory [Line Items]
Measurement input	0.12	0.12	0.12

Segment Information Narrative (

Segment Information Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)segment	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Segment Reporting Information
Revenue from Contract with Customer, Excluding Assessed Tax	$ 10,212,957	$ 10,188,331	$ 8,577,686
Number of reportable segments | segment	6
Detached single-family homes [Member]
Segment Reporting Information
Revenue from Contract with Customer, Excluding Assessed Tax	$ 8,300,000	8,200,000	7,300,000
Attached homes [Member]
Segment Reporting Information
Revenue from Contract with Customer, Excluding Assessed Tax	$ 1,600,000	$ 1,600,000	$ 1,100,000

Segment Information (Operating

Segment Information (Operating Data By Segment) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information
Impairment Losses Related to Real Estate Partnerships									$ 0	$ 0	$ 8,018
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									10,212,957	10,188,331	8,577,686
Consolidated revenues	$ 3,016,913	$ 2,710,365	$ 2,488,985	$ 1,996,693	$ 2,999,150	$ 2,649,366	$ 2,569,722	$ 1,970,093
Income (loss) before income taxes:
Consolidated income (loss) before income taxes	435,951	366,146	320,776	216,703	329,491	384,688	409,170	224,191	1,339,576	1,347,540	938,828
Homebuilding	402,407	333,862	295,698	204,294	324,938	365,055	388,453	210,358	1,236,261	1,288,804	865,332
Total land-related charges									27,101	99,446	191,913
Write-off of insurance receivables			12,600	11,600
Loss on debt retirements									4,927	76	0
Adjustment to self insurance reserves	31,100		12,800				37,900		(49,437)	(35,873)	(97,789)
Reserves provided					16,200				(225)	16,130	(50)
Northeast [Member]
Income (loss) before income taxes:
Consolidated income (loss) before income taxes									116,221	29,629	21,190
Total land-related charges									1,122	74,488	51,362
Southeast [Member]
Income (loss) before income taxes:
Consolidated income (loss) before income taxes									175,763	202,639	122,532
Total land-related charges									15,697	8,140	55,689
Product Warranty Expense									14,800
Florida [Member]
Income (loss) before income taxes:
Consolidated income (loss) before income taxes									309,596	289,418	208,825
Total land-related charges									2,811	1,166	9,702
Product Warranty Expense											12,400
Texas [Member]
Income (loss) before income taxes:
Consolidated income (loss) before income taxes									195,751	193,946	182,862
Total land-related charges									1,151	1,204	2,521
Midwest [Member]
Income (loss) before income taxes:
Consolidated income (loss) before income taxes									184,438	179,568	178,231
Total land-related charges									2,581	7,361	8,917
West [Member]
Income (loss) before income taxes:
Consolidated income (loss) before income taxes									386,361	511,828	229,504
Total land-related charges									2,568	5,159	56,996
Other Homebuilding [Member]
Income (loss) before income taxes:
Consolidated income (loss) before income taxes									(131,869)	(118,224)	(77,812)
Total land-related charges									1,171	1,928	6,726
Write-off of insurance receivables									22,600		29,600
Financial Services [Member]
Income (loss) before income taxes:
Consolidated income (loss) before income taxes									103,315	58,736	73,496
Financial Service [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax	69,797	64,815	55,957	43,862	55,059	51,620	52,764	45,938	234,431	205,382	192,160
Total Homebuilding [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax	$ 2,947,116	$ 2,645,550	$ 2,433,028	$ 1,952,831	$ 2,944,091	$ 2,597,746	$ 2,516,958	$ 1,924,155	9,978,526	9,982,949	8,385,526
Total Homebuilding [Member] | Northeast [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									797,963	839,700	693,877
Total Homebuilding [Member] | Southeast [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									1,684,655	1,746,161	1,564,116
Total Homebuilding [Member] | Florida [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									2,074,194	1,944,170	1,494,389
Total Homebuilding [Member] | Texas [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									1,389,211	1,301,004	1,168,755
Total Homebuilding [Member] | Midwest [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									1,495,037	1,497,389	1,450,192
Total Homebuilding [Member] | West [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									$ 2,537,466	2,654,525	$ 2,014,197
California | Land Sales [Member] | West [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax										$ (26,400)

Segment Information (Land-Relat

Segment Information (Land-Related Charges By Segment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information
Total land-related charges	$ 27,101	$ 99,446	$ 191,913
Northeast [Member]
Segment Reporting Information
Total land-related charges	1,122	74,488	51,362
Southeast [Member]
Segment Reporting Information
Total land-related charges	15,697	8,140	55,689
Florida [Member]
Segment Reporting Information
Total land-related charges	2,811	1,166	9,702
Texas [Member]
Segment Reporting Information
Total land-related charges	1,151	1,204	2,521
Midwest [Member]
Segment Reporting Information
Total land-related charges	2,581	7,361	8,917
West [Member]
Segment Reporting Information
Total land-related charges	2,568	5,159	56,996
Other Homebuilding [Member]
Segment Reporting Information
Total land-related charges	$ 1,171	$ 1,928	$ 6,726

Segment Information (Depreciati

Segment Information (Depreciation and Amortization) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Depreciation and amortization:
Depreciation and amortization	$ 53,999	$ 49,429	$ 50,998
Northeast [Member]
Depreciation and amortization:
Depreciation and amortization	1,962	2,093	2,392
Southeast [Member]
Depreciation and amortization:
Depreciation and amortization	4,448	5,231	5,117
Florida [Member]
Depreciation and amortization:
Depreciation and amortization	5,775	4,893	4,883
Texas [Member]
Depreciation and amortization:
Depreciation and amortization	3,423	3,082	3,301
Midwest [Member]
Depreciation and amortization:
Depreciation and amortization	4,417	4,271	4,449
West [Member]
Depreciation and amortization:
Depreciation and amortization	9,317	6,758	5,828
Other Homebuilding [Member]
Depreciation and amortization:
Depreciation and amortization	19,553	18,908	21,326
Home Building [Member]
Depreciation and amortization:
Depreciation and amortization	48,895	45,236	47,296
Financial Services [Member]
Depreciation and amortization:
Depreciation and amortization	$ 5,104	$ 4,193	$ 3,702

Segment Information (Equity in

Segment Information (Equity in (earnings) loss of unconsolidated entities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Equity in (earnings) loss of unconsolidated entities:
Equity in earnings of unconsolidated entities	$ (747)	$ (2,690)	$ 1,985

Segment Information (Total Asse

Segment Information (Total Assets And Inventory By Reportable Segment) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information
Homes under construction	$ 2,899,016	$ 2,630,158
Land under development	4,347,107	4,129,225
Raw land	434,491	493,970
House and land inventory	7,680,614	7,253,353
Total assets	10,715,597	10,172,976
Northeast [Member]
Segment Reporting Information
Homes under construction	345,644	268,900
Land under development	242,666	291,467
Raw land	25,098	52,245
House and land inventory	613,408	612,612
Total assets	698,661	704,515
Southeast [Member]
Segment Reporting Information
Homes under construction	430,008	443,140
Land under development	724,258	676,087
Raw land	72,804	90,332
House and land inventory	1,227,070	1,209,559
Total assets	1,354,086	1,347,427
Florida [Member]
Segment Reporting Information
Homes under construction	539,895	467,625
Land under development	894,716	892,669
Raw land	99,228	85,321
House and land inventory	1,533,839	1,445,615
Total assets	1,700,198	1,601,906
Texas [Member]
Segment Reporting Information
Homes under construction	343,230	284,405
Land under development	447,707	427,124
Raw land	84,926	98,415
House and land inventory	875,863	809,944
Total assets	949,236	881,629
Midwest [Member]
Segment Reporting Information
Homes under construction	315,822	314,442
Land under development	464,733	433,056
Raw land	31,881	29,908
House and land inventory	812,436	777,406
Total assets	886,889	849,596
West [Member]
Segment Reporting Information
Homes under construction	881,551	805,709
Land under development	1,289,255	1,131,841
Raw land	105,606	118,579
House and land inventory	2,276,412	2,056,129
Total assets	2,538,803	2,208,092
Other Homebuilding [Member]
Segment Reporting Information
Homes under construction	42,866	45,937
Land under development	283,772	276,981
Raw land	14,948	19,170
House and land inventory	341,586	342,088
Total assets	1,953,440	2,006,825
Home Building [Member]
Segment Reporting Information
Homes under construction	2,899,016	2,630,158
Land under development	4,347,107	4,129,225
Raw land	434,491	493,970
House and land inventory	7,680,614	7,253,353
Total assets	10,081,313	9,599,990
Financial Services [Member]
Segment Reporting Information
Total assets	$ 634,284	$ 572,986

Investments In Unconsolidated_3

Investments In Unconsolidated Entities (Summary Schedule Of Joint Ventures) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Investment in Joint Ventures with Limited recourse debt to Company	$ 39,527	$ 31,551
Investments in joint ventures with debt non-recourse to Company	3,655	3,471
Investments in other active joint ventures	16,584	19,568
Total investments in unconsolidated entities	59,766	54,590
Joint Venture Debt Total	775	42,948
Company proportionate share of joint venture debt:
Joint venture debt with limited recourse guaranties	0	21,059
Joint venture debt non-recourse to Company	205	217
Company's total proportionate share of joint venture debt	$ 205	$ 21,276

Investments In Unconsolidated_4

Investments In Unconsolidated Entities (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
Equity in earnings of unconsolidated entities	$ (747)	$ (2,690)	$ 1,985
Capital and earnings distributions received from unconsolidated entities	5,100	12,100	9,400
Payments to Acquire Interest in Subsidiaries and Affiliates	(9,500)	(1,000)	$ (23,000)
Joint Venture Debt Total	$ 775	$ 42,948

Debt (Summary Of Company's Seni

Debt (Summary Of Company's Senior Notes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Jul. 29, 2016
Debt Instrument
Senior note carrying value	$ 2,711,659	$ 2,986,753
Debt Issuance Costs, Net	(14,295)	(13,247)
Other Notes Payable	53,381	41,313
Notes payable	2,765,040	3,028,066
Notes Payable, Fair Value Disclosure	3,152,046	2,899,143
5.500% unsecured senior notes due March 2026 [Member] | Senior Notes [Member]
Debt Instrument
Senior note carrying value	700,000	700,000
Senior Unsecured Term Loan Maturing January 3, 2027 [Member] [Domain] | Senior Notes [Member]
Debt Instrument
Senior note carrying value	$ 600,000	$ 600,000
Debt instrument, interest rate, stated percentage		5.00%	5.00%
5.500% unsecured senior notes due March 2026 [Member]
Debt Instrument
Debt instrument, maturity date, description	March 2026	March 2026
Senior Notes [Member] | 5.500% unsecured senior notes due March 2026 [Member]
Debt Instrument
Debt instrument, interest rate, stated percentage		5.50%	5.50%
Senior Notes [Member] | 4.250% unsecured senior notes due March 2021 [Member]
Debt Instrument
Debt instrument, interest rate, stated percentage		4.25%	4.25%
4.250% unsecured senior notes due March 2021 [Member]
Debt Instrument
Senior note carrying value	$ 425,954	$ 700,000
Debt instrument, maturity date, description	March 2021	March 2021
Unsecured Senior Notes 7.875% Due June 2032 [Member]
Debt Instrument
Senior note carrying value	$ 300,000	$ 300,000
Debt instrument, interest rate, stated percentage	7.875%	7.875%
Debt instrument, maturity date, description	June 2032	June 2032
Senior Unsecured Term Loan Maturing January 3, 2027 [Member] [Domain]
Debt Instrument
Debt instrument, maturity date, description	January 2027	January 2027
Unsecured Senior Notes 6.375% Due May 2033 [Member]
Debt Instrument
Senior note carrying value	$ 400,000	$ 400,000
Debt instrument, interest rate, stated percentage	6.375%	6.375%
Debt instrument, maturity date, description	May 2033	May 2033
Unsecured Senior Notes 6.00% Due February 2035 [Member]
Debt Instrument
Senior note carrying value	$ 300,000	$ 300,000
Debt instrument, interest rate, stated percentage	6.00%	6.00%
Debt instrument, maturity date, description	February 2035	February 2035

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	12 Months Ended
	Jul. 30, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Jun. 22, 2018	Jul. 29, 2016
Debt Instrument
Notes payable		$ 2,711,659,000	$ 2,986,753,000
Loss on debt retirements		4,927,000	76,000	$ 0
Repayments of Long-term Debt		309,985,000	82,775,000	$ 134,747,000
Repurchased face amount		274,000,000
Other Notes Payable		$ 53,381,000	41,313,000
Debt Instrument, Term		3 years
Letters of credit outstanding, amount		$ 262,800,000	239,400,000
Unused credit lines		737,200,000	760,600,000
Financial Services debt		$ 326,573,000	348,412,000
Maximum
Debt Instrument
Debt instrument, interest rate, stated percentage		8.00%
Unsecured Letter Of Credit Facility [Member]
Debt Instrument
Letters of credit outstanding, amount		$ 262,800,000	239,400,000
Revolving Credit Facility [Member]
Debt Instrument
Short-term debt covenant description		500,000,000
Line of Credit, Current		$ 0
Line of Credit Facility, Initiation Date		Jun. 22, 2018
Line of Credit Facility, Expiration Date		Jun. 22, 2023
Revolving Credit Facility Accordion Feature [Member]
Debt Instrument
Maximum borrowing capacity					$ 1,500,000,000
Financial Services [Member]
Debt Instrument
Maximum borrowing capacity		$ 375,000,000	520,000,000
Unused credit lines		48,427,000	171,588,000
Financial Services [Member] | Unsecured Letter Of Credit Facility [Member]
Debt Instrument
Line of Credit Facility, Expiration Date	Aug. 2, 2019
Financial Services [Member] | Repurchase Agreement [Member]
Debt Instrument
Maximum borrowing capacity		375,000,000			$ 1,000,000,000
Financial Services debt		326,600,000	$ 348,400,000
Financial Services [Member] | Repurchase Agreement [Member] | Minimum
Debt Instrument
Maximum borrowing capacity		220,000,000
Financial Services [Member] | Repurchase Agreement [Member] | Maximum
Debt Instrument
Maximum borrowing capacity		270,000,000
4.250% unsecured senior notes due March 2021 [Member] | Senior Notes [Member]
Debt Instrument
Debt instrument, interest rate, stated percentage			4.25%			4.25%
5.500% unsecured senior notes due March 2026 [Member] | Senior Notes [Member]
Debt Instrument
Debt instrument, interest rate, stated percentage			5.50%			5.50%
Senior Notes [Member] | 5.500% unsecured senior notes due March 2026 [Member]
Debt Instrument
Notes payable		700,000,000	$ 700,000,000
Senior Notes [Member] | Senior Unsecured Term Loan Maturing January 3, 2027 [Member] [Domain]
Debt Instrument
Debt instrument, interest rate, stated percentage			5.00%			5.00%
Notes payable		$ 600,000,000	$ 600,000,000

Debt (Aggregate Borrowing Infor

Debt (Aggregate Borrowing Information) (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Line of Credit Facility [Line Items]
Unused credit lines	$ 737,200,000	$ 760,600,000
Financial Services [Member]
Line of Credit Facility [Line Items]
Available credit lines	375,000,000	520,000,000
Unused credit lines	$ 48,427,000	$ 171,588,000
Weighted-average interest rate	4.16%	4.27%

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details) - USD ($) $ in Thousands, shares in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Class of Stock [Line Items]
Dividends declared	$ (124,356)	$ (108,489)	$ (110,046)
Stock repurchases	$ 274,333	$ 294,566	$ 910,331
Share repurchase plan [Member]
Class of Stock [Line Items]
Shares repurchased under authorized repurchase programs	8.4	10.9	35.4
Stock repurchases	$ 274,300	$ 294,600	$ 910,300
Remaining value of stock repurchase programs authorization	525,500
Shares withheld to pay taxes [Member]
Class of Stock [Line Items]
Stock repurchases	$ 11,500	$ 7,900	$ 6,000

Stock Compensation Plans Narrat

Stock Compensation Plans Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum period stock options, appreciation rights, restricted stock, and restricted stock units can be granted	10 years
Number of Years Stock Options are Exercisable After Grant Date	10 years
Number of shares available for grant	23,600,000
Long-term incentive plan liability	$ 15	$ 17
Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation vesting period	4 years
Unrecognized stock compensation expense	$ 0
Aggregate instrinsic value of stock options exercised	10.5	$ 11.7	$ 31.1
Intrinsic value of outstanding stock options	$ 0.5
Exercise price (in dollars per share)	$ 8	$ 12	$ 11	$ 12
Restricted stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation vesting period	3 years
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units outstanding vested but not yet paid	200,000
Restricted Stock, Performance Shares, and Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock compensation expense	$ 19.7
Restricted stock shares vested during period, total fair value	$ 20	$ 17.1	$ 15
Weighted average period in which stock based compensation costs are expensed	2 years
Field long-term compensation plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation vesting period	3 years
Senior management long-term compensation plan [Member] [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation plan price floor	$ 5

Stock Compensation Plans (Expen

Stock Compensation Plans (Expense by plan type) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 28,368	$ 28,290	$ 33,683
Restricted Stock, Performance Shares, and Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	21,538	20,145	24,207
Long-term incentive plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 6,830	$ 8,145	$ 9,476

Stock Compensation Plans (Stock

Stock Compensation Plans (Stock Option Activity Rollforward) (Details) - Stock options [Member] - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Stock Option Activity [Roll Forward]
Outstanding, beginning of year	563	1,168	3,623
Granted	0	0	0
Exercised	(547)	(605)	(2,353)
Forfeited	0	0	(102)
Outstanding, end of year	16	563	1,168
Options exercisable at year end	16	563	1,168
Outstanding, weighted-average per share exercise price, beginning of year	$ 12	$ 11	$ 12
Granted, weighted-average per share exercise price	0	0	0
Exercised, weighted-average per share exercise price	12	11	12
Forfeited, weighted-average per share exercise price	0	0	28
Options outstanding, weighted-average per share exercise price, end of year	8	12	11
Options exercisable at year end, weighted-average per share exercise price	$ 8	$ 12	$ 11

Stock Compensation Plans (Restr

Stock Compensation Plans (Restricted Stock, RSUs and Performance Shares Activity Rollforward) (Details) - Restricted Stock, Performance Shares, and Restricted Stock Units (RSUs) [Member] - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Restricted Stock, RSUs and Performance Shares Activity [Roll Forward]
Outstanding, beginning of year	3,074	3,271	2,974
Granted	932	833	1,251
Vested	(1,181)	(786)	(775)
Forfeited	(144)	(244)	(179)
Outstanding, end of year	2,681	3,074	3,271
Vested, end of year	153	129	152
Outstanding, beginning of year, weighted-average per share grant date fair value	$ 23	$ 19	$ 19
Granted, weighted-average per share grant date fair value	27	31	21
Vested, weighted-average per share grant date fair value	17	22	19
Forfeited, weighted-average per share grant date fair value	26	22	19
Outstanding, end of year, weighted-average per share grant date fair value	26	23	19
Vested, end of year, weighted-average per share grant date fair value	$ 20	$ 21	$ 17

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Income Tax Contingency [Line Items]
Provisional tax expense		$ 172,100
Deferred Tax Assets, Operating Loss Carryforwards, Domestic	$ 12,962		$ 27,122
Gross unrecognized tax benefits	40,300	$ 48,604	30,554	$ 21,502
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	21,600		19,700
Unrecognized tax benefits, income tax penalties and interest accrued	6,500		$ 5,800
Possible decrease in unrecognized tax benefits	$ 23,000
Maximum
Income Tax Contingency [Line Items]
IncomeTaxNetOperatingLossCarryforwardPeriod	20 years
2019 - 2023 [Member] | State and Local Jurisdiction [Member]
Income Tax Contingency [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	$ 35,900
2024 - Thereafter [Member] | State and Local Jurisdiction [Member]
Income Tax Contingency [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	$ 164,800

Income Taxes Components of curr

Income Taxes Components of current and deferred income tax expense (benefit) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Current provision (benefit)
Federal									$ 196,186	$ (44,462)	$ 81,101
State and other									21,252	7,202	(11,801)
Current Income Tax Expense (Benefit)									217,438	(37,260)	69,300
Deferred provision (benefit)
Federal									74,700	271,544	444,695
State and other									30,738	91,233	(22,388)
Deferred Income Tax Expense (Benefit)									105,438	362,777	422,307
Income tax expense (benefit)	$ 100,153	$ 93,042	$ 79,735	$ 49,946	$ 91,842	$ 95,153	$ 85,081	$ 53,440	$ 322,876	$ 325,517	$ 491,607

Income Taxes Reconciliation of

Income Taxes Reconciliation of statutory federal income tax rate to effective income tax rate (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income taxes at federal statutory rate	21.00%	21.00%	35.00%
Effect of state and local income taxes, net of federal tax	3.70%	4.00%	3.10%
Tax accounting method change	0.00%	(2.50%)	0.00%
Changes in tax laws, including the Tax Act	0.20%	1.00%	18.30%
Deferred tax asset valuation allowance	(0.40%)	0.90%	(1.10%)
Tax contingencies	(0.10%)	0.10%	(1.00%)
Other	(0.30%)	(0.30%)	(1.90%)
Effective rate	24.10%	24.20%	52.40%

Income Taxes Net deferred tax a

Income Taxes Net deferred tax asset (liability) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred Tax Assets [Abstract]
Deferred Tax Assets, Tax Deferred Expense, Other	$ 142,515	$ 144,225
Inventory valuation reserves	97,585	132,495
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals	64,373	50,237
NOL carryforwards:
Federal	12,962	27,122
State	200,710	228,959
Energy credit and charitable contribution carryforward	8,648	7,692
Deferred Tax Assets, Gross	526,793	590,730
Deferred Tax Liabilities [Abstract]
Deferred income	(228,186)	(195,596)
Intangibles and other	(44,547)	(26,966)
Deferred Tax Liabilities, Gross	(272,733)	(222,562)
Valuation allowance	(83,953)	(92,589)
Net deferred tax asset (liability)	$ 170,107	$ 275,579

Income Taxes Reconciliation o_2

Income Taxes Reconciliation of the change in unrecognized tax benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of the change in unrecognized tax benefits [Roll Forward]
Unrecognized Tax Benefits, beginning of period	$ 30,554	$ 48,604	$ 21,502
Increases related to tax positions taken during a prior period	2,376	5,389	20,555
Decreases related to tax positions taken during a prior period	(7,918)	(31,850)	(9,665)
Increases related to tax positions taken during the current period	16,332	8,411	18,895
Decreases related to settlements with taxing authorities	(1,044)	0	0
Reductions as a result of a lapse of the statute of limitations	0	0	(2,683)
Unrecognized Tax Benefits, end of period	$ 40,300	$ 30,554	$ 48,604

Fair Value Disclosures Fair Val

Fair Value Disclosures Fair Value Disclosures (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Disclosed at fair value:
Other Notes Payable	$ 53,381	$ 41,313
Debt Instrument, Fair Value Disclosure	3,098,665	2,857,830
Fair Value, Inputs, Level 1 [Member]
Disclosed at fair value:
Cash and equivalents (including restricted cash), fair value	1,251,456	1,133,700
Fair Value, Inputs, Level 2 [Member]
Disclosed at fair value:
Financial Services debt, fair value	326,573	348,412
Land [Member] | Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Measured at fair value on a recurring basis:
Assets, Fair Value Disclosure	9,979	18,253
Residential Mortgage [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Measured at fair value on a recurring basis:
Assets, Fair Value Disclosure	508,967	461,354
Interest Rate Lock Commitments [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Measured at fair value on a recurring basis:
Assets, Fair Value Disclosure	8,202	9,035
Forward Contracts [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Measured at fair value on a recurring basis:
Financial and Nonfinancial Liabilities, Fair Value Disclosure	1,073	(6,914)
Whole Loan Commitments [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Measured at fair value on a recurring basis:
Financial and Nonfinancial Liabilities, Fair Value Disclosure	(596)	(718)
Land Held For Sale [Member] | Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Measured at fair value on a recurring basis:
Assets, Fair Value Disclosure	$ 4,193	$ 17,813

Fair Value Disclosures Fair V_2

Fair Value Disclosures Fair Value Disclosures (Narrative) (Details) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Notes payable	$ 2,765,040	$ 3,028,066

Other Assets and Accrued and _3

Other Assets and Accrued and Other Liabilities (Other Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Other Assets and Accrued and Other Liabilities [Abstract]
Insurance Settlements Receivable	$ 118,366	$ 152,987
Other receivables	129,781	136,319
Accounts and notes receivable	248,147	289,306
Prepaid expenses	123,220	131,523
Deposits and pre-acquisition Costs	299,437	218,568
Property and equipment, net	111,713	92,935
Operating Lease, Right-of-Use Asset	70,029
Income taxes receivable	2,285	58,090
Other	40,855	39,937
Other Assets	$ 895,686	$ 830,359

Other Assets and Accrued and _4

Other Assets and Accrued and Other Liabilities (Other Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Other Assets and Accrued and Other Liabilities [Abstract]
Self-insurance liabilities	$ 709,798	$ 737,013	$ 758,812	$ 831,058
Compensation-related	171,533	161,068
Operating Lease, Liability	91,408
Warranty	91,389	79,154	72,709	66,134
Accrued interest	48,483	52,521
Loan origination liabilities	25,159	50,282	$ 34,641	$ 35,114
Other	261,598	280,445
Accrued and other liabilities	$ 1,399,368	$ 1,360,483

Commitments And Contingencies_2

Commitments And Contingencies (Narrative) (Details) $ in Thousands	Dec. 17, 2018USD ($)transaction	Dec. 31, 2019USD ($)claim	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2019USD ($)claim	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Loss Contingencies [Line Items]
Insurance Settlements Receivable		$ 118,366			$ 152,987		$ 118,366	$ 152,987
Write-off of insurance receivables			$ 12,600	$ 11,600
Operating lease rent expense								33,600	$ 30,800
Letters of credit outstanding, amount		262,800			239,400		262,800	239,400
Surety Bonds Outstanding		$ 1,400,000			1,300,000		$ 1,400,000	1,300,000
Loss Contingency, Pending Claims, Number | claim		1,000					1,000
Self-insurance liabilities		$ 709,798			$ 737,013		$ 709,798	$ 737,013	758,812	$ 831,058
Incurred but not reported percentage of liability reserves		68.00%			65.00%		68.00%	65.00%
Adjustment to self insurance reserves		$ 31,100	$ 12,800			$ 37,900	$ (49,437)	$ (35,873)	(97,789)
Reserves provided					$ 16,200		(225)	$ 16,130	(50)
Operating Lease, Right-of-Use Asset		70,029					70,029
Operating Lease, Liability		$ 91,408					91,408
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability							17,600
Operating Lease, Payments							23,400
Lease, Cost							36,400
Variable Lease, Cost							6,700
Short-term Lease, Cost									9,600
Southeast [Member]
Loss Contingencies [Line Items]
Product Warranty Expense							14,800
Florida [Member]
Loss Contingencies [Line Items]
Product Warranty Expense									12,400
Other Homebuilding [Member]
Loss Contingencies [Line Items]
Write-off of insurance receivables							$ 22,600		$ 29,600
CTX Mortgage Company LLC [Member] | Lehman Complaint [Member]
Loss Contingencies [Line Items]
Damages sought, value	$ 261,000
RMBS Transactions - Alleged Violations [Member] | CTX Mortgage Company LLC [Member] | Lehman Complaint [Member]
Loss Contingencies [Line Items]
Loss Contingency, Number Of Transactions | transaction	2
RMBS Transactions - Similar Indemnity Provisions [Member] | CTX Mortgage Company LLC [Member] | Lehman Complaint [Member]
Loss Contingencies [Line Items]
Loss Contingency, Number Of Transactions | transaction	6

Commitments And Contingencies_3

Commitments And Contingencies (Changes To Anticipated Loan Losses) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Changes in loan origination liability [Roll Forward]
Liabilities, beginning of period		$ 50,282	$ 34,641	$ 35,114
Reserves provided (released), net	$ (16,200)	225	(16,130)	50
Payments		(24,898)	(489)	(423)
Liabilities, end of period	$ 50,282	$ 25,159	$ 50,282	$ 34,641

Commitments And Contingencies_4

Commitments And Contingencies (Changes To Warranty Liability) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Changes to warranty liabilities [Roll Forward]
Warranty liabilities, beginning of period	$ 79,154	$ 72,709	$ 66,134
Warranty reserves provided	60,818	65,567	50,014
Payments	(75,635)	(64,525)	(58,780)
Other adjustments	27,052	5,403	15,341
Warranty liabilities, end of period	$ 91,389	$ 79,154	$ 72,709

Commitments And Contingencies_5

Commitments And Contingencies (Changes in Self-insurance Liability) (Details) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Write-off of insurance receivables		$ 12,600	$ 11,600
Insurance Settlements Receivable	$ 118,366				$ 118,366	$ 152,987
Insurance Related Expenses [Roll Forward]
Balance, beginning of period			$ 737,013		737,013	758,812	$ 831,058
Reserves provided					83,209	93,156	98,176
Adjustment to self insurance reserves	31,100	$ 12,800		$ 37,900	(49,437)	(35,873)	(97,789)
Payments					(60,987)	(79,082)	(72,633)
Balance, end of period	$ 709,798				$ 709,798	$ 737,013	$ 758,812

Commitments and Contingencies C

Commitments and Contingencies Commitments And Contingencies (Future minimum operating lease payments) (Details) $ in Thousands	Dec. 31, 2019USD ($)
Years Ending December 31,
2020	$ 20,523
2021	18,995
2022	18,605
2023	17,306
2024	11,677
Thereafter	22,476
Total lease payments	109,582
Less: Interest	18,174
Present value of lease liabilities	$ 91,408
Operating Lease, Weighted Average Remaining Lease Term	6 years 1 month 6 days
Lessee, Operating Lease, Lease Not Yet Commenced, Liability	$ 6,000
Operating Lease, Weighted Average Discount Rate, Percent	5.80%

Supplemental Guarantor Inform_3

Supplemental Guarantor Information (Balance Sheet) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
ASSETS
Cash and equivalents	$ 1,217,913	$ 1,110,088
Restricted cash	33,543	23,612
Total cash, cash equivalents, and restricted cash	1,251,456	1,133,700	$ 306,168	$ 723,248
House and land inventory	7,680,614	7,253,353
Land held for sale	24,009	36,849
Residential mortgage loans available-for-sale	508,967	461,354
Investments in unconsolidated entities	59,766	54,590
Other assets	895,686	830,359
Intangible assets	124,992	127,192
Deferred tax assets, net	170,107	275,579
Investments in subsidiaries and intercompany accounts, net	0	0
Total assets	10,715,597	10,172,976
Liabilities:
Accounts payable, customer deposits, accrued and other liabilities	2,129,711	1,967,136
Income tax liabilities	36,093	11,580
Financial Services debt	326,573	348,412
Notes payable	2,765,040	3,028,066
Total liabilities	5,257,417	5,355,194
Total shareholders’ equity	5,458,180	4,817,782	4,154,026	4,659,363
Total liabilities and shareholders' equity	10,715,597	10,172,976
Parent Company [Member]
ASSETS
Cash and equivalents	0	0
Restricted cash	0	0
Total cash, cash equivalents, and restricted cash	0	0	0	0
House and land inventory	0	0
Land held for sale	0	0
Residential mortgage loans available-for-sale	0	0
Investments in unconsolidated entities	0	0
Other assets	8,172	66,154
Intangible assets	0	0
Deferred tax assets, net	182,461	282,874
Investments in subsidiaries and intercompany accounts, net	8,103,191	7,557,245
Total assets	8,293,824	7,906,273
Liabilities:
Accounts payable, customer deposits, accrued and other liabilities	87,892	90,158
Income tax liabilities	36,093	11,580
Financial Services debt	0	0
Notes payable	2,711,659	2,986,753
Total liabilities	2,835,644	3,088,491
Total shareholders’ equity	5,458,180	4,817,782
Total liabilities and shareholders' equity	8,293,824	7,906,273
Guarantor Subsidiaries [Member]
ASSETS
Cash and equivalents	1,026,743	906,961
Restricted cash	31,328	22,406
Total cash, cash equivalents, and restricted cash	1,058,071	929,367	157,801	611,185
House and land inventory	7,554,662	7,157,665
Land held for sale	24,009	36,849
Residential mortgage loans available-for-sale	0	0
Investments in unconsolidated entities	59,266	54,045
Other assets	688,996	579,452
Intangible assets	124,992	127,192
Deferred tax assets, net	0	0
Investments in subsidiaries and intercompany accounts, net	1,081,472	500,138
Total assets	10,591,468	9,384,708
Liabilities:
Accounts payable, customer deposits, accrued and other liabilities	1,781,893	1,598,265
Income tax liabilities	0	0
Financial Services debt	0	0
Notes payable	53,381	40,776
Total liabilities	1,835,274	1,639,041
Total shareholders’ equity	8,756,194	7,745,667
Total liabilities and shareholders' equity	10,591,468	9,384,708
Non-Guarantor Subsidiaries [Member]
ASSETS
Cash and equivalents	191,170	203,127
Restricted cash	2,215	1,206
Total cash, cash equivalents, and restricted cash	193,385	204,333	148,367	112,063
House and land inventory	125,952	95,688
Land held for sale	0	0
Residential mortgage loans available-for-sale	508,967	461,354
Investments in unconsolidated entities	500	545
Other assets	198,518	184,753
Intangible assets	0	0
Deferred tax liability, net	(12,354)	(7,295)
Investments in subsidiaries and intercompany accounts, net	9,279,403	8,231,342
Total assets	10,294,371	9,170,720
Liabilities:
Accounts payable, customer deposits, accrued and other liabilities	259,926	278,713
Income tax liabilities	0	0
Financial Services debt	326,573	348,412
Notes payable	0	537
Total liabilities	586,499	627,662
Total shareholders’ equity	9,707,872	8,543,058
Total liabilities and shareholders' equity	10,294,371	9,170,720
Eliminating Entries [Member]
ASSETS
Cash and equivalents	0	0
Restricted cash	0	0
Total cash, cash equivalents, and restricted cash	0	0	$ 0	$ 0
House and land inventory	0	0
Land held for sale	0	0
Residential mortgage loans available-for-sale	0	0
Investments in unconsolidated entities	0	0
Other assets		0
Intangible assets	0	0
Deferred tax assets, net	0	0
Investments in subsidiaries and intercompany accounts, net	(18,464,066)	(16,288,725)
Total assets	(18,464,066)	(16,288,725)
Liabilities:
Accounts payable, customer deposits, accrued and other liabilities	0	0
Income tax liabilities	0	0
Financial Services debt	0	0
Notes payable	0	0
Total liabilities	0	0
Total shareholders’ equity	(18,464,066)	(16,288,725)
Total liabilities and shareholders' equity	$ (18,464,066)	$ (16,288,725)

Supplemental Guarantor Inform_4

Supplemental Guarantor Information (Statement Of Operations and Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									$ 10,212,957	$ 10,188,331	$ 8,577,686
Selling, general, and administrative expenses									(1,044,337)	(1,012,023)	(891,581)
Other expense, net									(13,476)	(13,849)	(32,387)
Intercompany interest									0	0	0
Income (loss) before income taxes and equity in income (loss) of subsidiaries									1,339,576	1,347,540	938,828
Income tax expense	$ (100,153)	$ (93,042)	$ (79,735)	$ (49,946)	$ (91,842)	$ (95,153)	$ (85,081)	$ (53,440)	(322,876)	(325,517)	(491,607)
Income (loss) before equity in income (loss) of subsidiaries									1,016,700	1,022,023	447,221
Equity in income (loss) of subsidiaries									0	0	0
Net income	335,798	273,104	241,041	166,757	237,649	289,535	324,089	170,751	1,016,700	1,022,023	447,221
Other comprehensive income (loss)									100	100	81
Comprehensive income									1,016,800	1,022,123	447,302
Parent Company [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									0	0	0
Cost of Goods and Services Sold											0
Selling, general, and administrative expenses									0	0	0
Other expense, net									(5,423)	(580)	(482)
Intercompany interest									(8,194)	(7,835)	(2,485)
Income (loss) before income taxes and equity in income (loss) of subsidiaries									(13,617)	(8,415)	(2,967)
Income tax expense									3,404	2,104	1,127
Income (loss) before equity in income (loss) of subsidiaries									(10,213)	(6,311)	(1,840)
Equity in income (loss) of subsidiaries									1,026,913	1,028,334	449,061
Net income									1,016,700	1,022,023	447,221
Other comprehensive income (loss)									100	100	81
Comprehensive income									1,016,800	1,022,123	447,302
Guarantor Subsidiaries [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									9,786,703	9,856,715	8,287,103
Cost of Goods and Services Sold											6,385,167
Selling, general, and administrative expenses									(994,262)	(974,858)	(785,266)
Other expense, net									(46,490)	(53,765)	(63,050)
Intercompany interest									0	0	0
Income (loss) before income taxes and equity in income (loss) of subsidiaries									1,206,057	1,253,170	921,730
Income tax expense									(289,102)	(304,218)	(483,435)
Income (loss) before equity in income (loss) of subsidiaries									916,955	948,952	438,295
Equity in income (loss) of subsidiaries									120,622	73,097	58,559
Net income									1,037,577	1,022,049	496,854
Other comprehensive income (loss)									0	0	0
Comprehensive income									1,037,577	1,022,049	496,854
Non-Guarantor Subsidiaries [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									426,254	331,616	290,583
Cost of Goods and Services Sold											75,985
Selling, general, and administrative expenses									(50,075)	(37,165)	(106,315)
Other expense, net									38,437	40,496	31,145
Intercompany interest									8,194	7,835	2,485
Income (loss) before income taxes and equity in income (loss) of subsidiaries									147,136	102,785	20,065
Income tax expense									(37,178)	(23,403)	(9,299)
Income (loss) before equity in income (loss) of subsidiaries									109,958	79,382	10,766
Equity in income (loss) of subsidiaries									962,865	782,948	226,864
Net income									1,072,823	862,330	237,630
Other comprehensive income (loss)									0	0	0
Comprehensive income									1,072,823	862,330	237,630
Total Homebuilding [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax	2,947,116	2,645,550	2,433,028	1,952,831	2,944,091	2,597,746	2,516,958	1,924,155	9,978,526	9,982,949	8,385,526
Homebuilding Cost of Revenues:
Cost of Revenue	2,279,615	2,035,972	1,874,369	1,494,841	2,319,473	1,976,220	1,900,316	1,471,488	7,684,798	7,667,497	6,595,601
Total Homebuilding [Member] | Parent Company [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									0	0	0
Homebuilding Cost of Revenues:
Cost of Revenue									0	0	0
Total Homebuilding [Member] | Guarantor Subsidiaries [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									9,786,703	9,856,715	8,287,103
Homebuilding Cost of Revenues:
Cost of Revenue									7,539,411	7,574,359	6,516,530
Total Homebuilding [Member] | Non-Guarantor Subsidiaries [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									191,823	126,234	98,423
Homebuilding Cost of Revenues:
Cost of Revenue									145,387	93,138	79,071
Home Building [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									9,915,705	9,818,445	8,323,984
Cost of Goods and Services Sold									7,628,700	7,540,937	6,461,152
Home Building [Member] | Parent Company [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									0	0	0
Cost of Goods and Services Sold									0	0
Home Building [Member] | Guarantor Subsidiaries [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									9,725,421	9,694,703	8,229,392
Cost of Goods and Services Sold									7,485,268	7,449,343
Home Building [Member] | Non-Guarantor Subsidiaries [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									190,284	123,742	94,592
Cost of Goods and Services Sold									143,432	91,594
Land [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									62,821	164,504	61,542
Cost of Goods and Services Sold									56,098	126,560	134,449
Land [Member] | Parent Company [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									0	0	0
Cost of Goods and Services Sold									0	0	0
Land [Member] | Guarantor Subsidiaries [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									61,282	162,012	57,711
Cost of Goods and Services Sold									54,143	125,016	131,363
Land [Member] | Non-Guarantor Subsidiaries [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									1,539	2,492	3,831
Cost of Goods and Services Sold									1,955	1,544	3,086
Financial Service [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax	$ 69,797	$ 64,815	$ 55,957	$ 43,862	$ 55,059	$ 51,620	$ 52,764	$ 45,938	234,431	205,382	192,160
Homebuilding Cost of Revenues:
Cost of Revenue									130,770	147,422	119,289
Financial Service [Member] | Parent Company [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									0	0	0
Homebuilding Cost of Revenues:
Cost of Revenue									0	0	0
Financial Service [Member] | Guarantor Subsidiaries [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									0	0	0
Homebuilding Cost of Revenues:
Cost of Revenue									483	563	527
Financial Service [Member] | Non-Guarantor Subsidiaries [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									234,431	205,382	192,160
Homebuilding Cost of Revenues:
Cost of Revenue									130,287	146,859	118,762
Eliminating Entries [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									0	0	0
Cost of Goods and Services Sold											0
Selling, general, and administrative expenses									0	0	0
Other expense, net									0	0	0
Intercompany interest									0	0	0
Income (loss) before income taxes and equity in income (loss) of subsidiaries									0	0	0
Income tax expense									0	0	0
Income (loss) before equity in income (loss) of subsidiaries									0	0	0
Equity in income (loss) of subsidiaries									(2,110,400)	(1,884,379)	(734,484)
Net income									(2,110,400)	(1,884,379)	(734,484)
Other comprehensive income (loss)									0	0	0
Comprehensive income									(2,110,400)	(1,884,379)	(734,484)
Eliminating Entries [Member] | Total Homebuilding [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									0	0	0
Homebuilding Cost of Revenues:
Cost of Revenue									0	0	0
Eliminating Entries [Member] | Home Building [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									0	0	0
Cost of Goods and Services Sold									0	0
Eliminating Entries [Member] | Land [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									0	0	0
Cost of Goods and Services Sold									0	0	0
Eliminating Entries [Member] | Financial Service [Member]
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax									0	0	0
Homebuilding Cost of Revenues:
Cost of Revenue									$ 0	$ 0	$ 0

Supplemental Guarantor Inform_5

Supplemental Guarantor Information (Statement Of Cash Flows) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Net cash provided by (used in) operating activities	$ 1,077,545	$ 1,449,747	$ 663,080
Cash flows from investing activities:
Capital expenditures	(58,119)	(59,039)	(32,051)
Investments in unconsolidated entities	(9,515)	(1,000)	(23,037)
Business acquisition	(163,724)	0	0
Other investing activities, net	5,129	18,097	4,846
Net cash provided by (used in) investing activities	(226,229)	(41,942)	(50,242)
Cash flows from financing activities:
Financial Services borrowings (repayments), net	(21,841)	(89,393)	106,183
Payments of Debt Issuance Costs	0	(8,164)	0
Debt issuance costs			0
Repayments of notes payable	(309,985)	(82,775)	(134,747)
Borrowings under revolving credit facility	0	1,566,000	2,720,000
Repayments under revolving credit facility	0	(1,566,000)	(2,720,000)
Stock option exercises	6,399	6,555	27,720
Share repurchases	(274,333)	(294,566)	(910,331)
Payment, Tax Withholding, Share-based Payment Arrangement	11,450	7,910	5,995
Dividends paid	(122,350)	(104,020)	(112,748)
Intercompany activities, net	0	0	0
Net cash provided by (used in) financing activities	(733,560)	(580,273)	(1,029,918)
Net increase (decrease)	117,756	827,532	(417,080)
Cash, cash equivalents, and restricted cash at beginning of period	1,133,700	306,168	723,248
Cash, cash equivalents, and restricted cash at end of period	1,251,456	1,133,700	306,168
Parent Company [Member]
Net cash provided by (used in) operating activities	195,371	494,521	309,760
Cash flows from investing activities:
Capital expenditures	0	0	0
Investments in unconsolidated entities	0	0	0
Business acquisition	0	0	0
Other investing activities, net	0	0	0
Net cash provided by (used in) investing activities	0	0	0
Cash flows from financing activities:
Financial Services borrowings (repayments), net	0	0	0
Payments of Debt Issuance Costs	0	8,164
Debt issuance costs			0
Repayments of notes payable	(280,259)	0	(123,000)
Borrowings under revolving credit facility	0	1,566,000	2,720,000
Repayments under revolving credit facility	0	(1,566,000)	(2,720,000)
Stock option exercises	6,399	6,555	27,720
Share repurchases	(274,333)	(294,566)	(910,331)
Payment, Tax Withholding, Share-based Payment Arrangement	11,450	7,910	5,995
Dividends paid	(122,350)	(104,020)	(112,748)
Intercompany activities, net	486,622	(86,416)	814,594
Net cash provided by (used in) financing activities	(195,371)	(494,521)	(309,760)
Net increase (decrease)	0	0	0
Cash, cash equivalents, and restricted cash at beginning of period	0	0	0
Cash, cash equivalents, and restricted cash at end of period	0	0	0
Guarantor Subsidiaries [Member]
Net cash provided by (used in) operating activities	858,338	791,350	328,163
Cash flows from investing activities:
Capital expenditures	(48,899)	(51,147)	(25,432)
Investments in unconsolidated entities	(8,807)	(1,000)	(23,037)
Business acquisition	(163,724)	0	0
Other investing activities, net	3,337	11,300	5,778
Net cash provided by (used in) investing activities	(218,093)	(40,847)	(42,691)
Cash flows from financing activities:
Financial Services borrowings (repayments), net	0	0	0
Payments of Debt Issuance Costs	0	0
Debt issuance costs			0
Repayments of notes payable	(29,189)	(81,758)	(10,301)
Borrowings under revolving credit facility	0	0	0
Repayments under revolving credit facility	0	0	0
Stock option exercises	0	0	0
Share repurchases	0	0	0
Payment, Tax Withholding, Share-based Payment Arrangement	0	0	0
Dividends paid	0	0	0
Intercompany activities, net	(482,352)	102,821	(728,555)
Net cash provided by (used in) financing activities	(511,541)	21,063	(738,856)
Net increase (decrease)	128,704	771,566	(453,384)
Cash, cash equivalents, and restricted cash at beginning of period	929,367	157,801	611,185
Cash, cash equivalents, and restricted cash at end of period	1,058,071	929,367	157,801
Non-Guarantor Subsidiaries [Member]
Net cash provided by (used in) operating activities	23,836	163,876	25,157
Cash flows from investing activities:
Capital expenditures	(9,220)	(7,892)	(6,619)
Investments in unconsolidated entities	(708)	0	0
Business acquisition	0	0	0
Other investing activities, net	1,792	6,797	(932)
Net cash provided by (used in) investing activities	(8,136)	(1,095)	(7,551)
Cash flows from financing activities:
Financial Services borrowings (repayments), net	(21,841)	(89,393)	106,183
Payments of Debt Issuance Costs	0	0
Debt issuance costs			0
Repayments of notes payable	(537)	(1,017)	(1,446)
Borrowings under revolving credit facility	0	0	0
Repayments under revolving credit facility	0	0	0
Stock option exercises	0	0	0
Share repurchases	0	0	0
Payment, Tax Withholding, Share-based Payment Arrangement	0	0	0
Dividends paid	0	0	0
Intercompany activities, net	(4,270)	(16,405)	(86,039)
Net cash provided by (used in) financing activities	(26,648)	(106,815)	18,698
Net increase (decrease)	(10,948)	55,966	36,304
Cash, cash equivalents, and restricted cash at beginning of period	204,333	148,367	112,063
Cash, cash equivalents, and restricted cash at end of period	193,385	204,333	148,367
Eliminating Entries [Member]
Net cash provided by (used in) operating activities	0	0	0
Cash flows from investing activities:
Capital expenditures	0	0	0
Investments in unconsolidated entities	0	0	0
Business acquisition	0	0	0
Other investing activities, net	0	0	0
Net cash provided by (used in) investing activities	0	0	0
Cash flows from financing activities:
Financial Services borrowings (repayments), net	0	0	0
Payments of Debt Issuance Costs	0	0
Debt issuance costs			0
Repayments of notes payable	0	0	0
Borrowings under revolving credit facility	0	0	0
Repayments under revolving credit facility	0	0	0
Stock option exercises	0	0	0
Share repurchases	0	0	0
Payment, Tax Withholding, Share-based Payment Arrangement	0	0	0
Dividends paid	0	0	0
Intercompany activities, net	0	0	0
Net cash provided by (used in) financing activities	0	0	0
Net increase (decrease)	0	0	0
Cash, cash equivalents, and restricted cash at beginning of period	0	0	0
Cash, cash equivalents, and restricted cash at end of period	$ 0	$ 0	$ 0

Quarterly Results (Unaudited)_2

Quarterly Results (Unaudited) (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended						12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Write-off of insurance receivables			$ (12,600)	$ (11,600)
Adjustment to self insurance reserves	$ 31,100		$ 12,800			$ 37,900	$ (49,437)	$ (35,873)	$ (97,789)
Write-off of deposits and pre-acquisition costs					$ 9,600		13,116	16,992	11,367
Reserves provided					16,200		$ (225)	$ 16,130	$ (50)
Warranty Obligations
Cost of Goods and Services Sold		$ 9,000
Land inventory impairments
Cost of Goods and Services Sold					66,900
NRV adjustments on land held for sale
Cost of Goods and Services Sold					$ 9,000

Quarterly Results (Unaudited)_3

Quarterly Results (Unaudited) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Homebuilding
Revenue from Contract with Customer, Excluding Assessed Tax									$ 10,212,957	$ 10,188,331	$ 8,577,686
Income before income taxes	$ 402,407	$ 333,862	$ 295,698	$ 204,294	$ 324,938	$ 365,055	$ 388,453	$ 210,358	1,236,261	1,288,804	865,332
Financial Services:
Income before income taxes	33,544	32,284	25,078	12,409	4,553	19,633	20,717	13,833	103,315	58,736
Consolidated results:
Consolidated revenues	3,016,913	2,710,365	2,488,985	1,996,693	2,999,150	2,649,366	2,569,722	1,970,093
Income before income taxes	435,951	366,146	320,776	216,703	329,491	384,688	409,170	224,191	1,339,576	1,347,540	938,828
Income tax expense	(100,153)	(93,042)	(79,735)	(49,946)	(91,842)	(95,153)	(85,081)	(53,440)	(322,876)	(325,517)	(491,607)
Net income	$ 335,798	$ 273,104	$ 241,041	$ 166,757	$ 237,649	$ 289,535	$ 324,089	$ 170,751	$ 1,016,700	$ 1,022,023	$ 447,221
Net income per share:
Basic (usd per share)	$ 1.23	$ 0.99	$ 0.86	$ 0.59	$ 0.84	$ 1.01	$ 1.12	$ 0.59	$ 3.67	$ 3.56	$ 1.45
Diluted (usd per share)	$ 1.22	$ 0.99	$ 0.86	$ 0.59	$ 0.84	$ 1.01	$ 1.12	$ 0.59	$ 3.66	$ 3.55	$ 1.44
Number of shares used in calculation:
Basic shares outstanding (shares)	270,843	272,992	276,652	277,637	278,964	283,489	285,276	286,683	274,495	283,578	305,089
Effect of dilutive securities (shares)	632	640	932	1,003	1,248	1,183	1,378	1,343	802	1,287	1,725
Diluted shares outstanding (shares)	271,475	273,632	277,584	278,640	280,212	284,672	286,654	288,026	275,297	284,865	306,814
Financial Service [Member]
Homebuilding
Revenue from Contract with Customer, Excluding Assessed Tax	$ 69,797	$ 64,815	$ 55,957	$ 43,862	$ 55,059	$ 51,620	$ 52,764	$ 45,938	$ 234,431	$ 205,382	$ 192,160
Cost of Revenue									130,770	147,422	119,289
Total Homebuilding [Member]
Homebuilding
Revenue from Contract with Customer, Excluding Assessed Tax	2,947,116	2,645,550	2,433,028	1,952,831	2,944,091	2,597,746	2,516,958	1,924,155	9,978,526	9,982,949	8,385,526
Cost of Revenue	$ 2,279,615	$ 2,035,972	$ 1,874,369	$ 1,494,841	$ 2,319,473	$ 1,976,220	$ 1,900,316	$ 1,471,488	$ 7,684,798	$ 7,667,497	$ 6,595,601

Uncategorized Items - a201910-k

Label	Element	Value
Additional Paid-in Capital [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (406,000)