Exhibit 99.1
Pulte Homes, Inc.
Condensed Consolidated Results of Operations
($000’s omitted, except per share data)
(Unaudited)
Three Months Ended December 31, | Year Ended December 31, | |||||||||||||||
2009 | 2008 | 2009 | 2008 | |||||||||||||
CONSOLIDATED RESULTS: | ||||||||||||||||
Revenues: | ||||||||||||||||
Homebuilding | $ | 1,686,573 | $ | 1,611,672 | $ | 3,966,589 | $ | 6,112,038 | ||||||||
Financial Services | 44,250 | 32,145 | 117,800 | 151,016 | ||||||||||||
Total revenues | $ | 1,730,823 | $ | 1,643,817 | $ | 4,084,389 | $ | 6,263,054 | ||||||||
Pre-tax income (loss): | ||||||||||||||||
Homebuilding | $ | (866,776 | ) | $ | (466,294 | ) | $ | (1,853,297 | ) | $ | (1,694,711 | ) | ||||
Financial Services | (36,308 | ) | (7,893 | ) | (55,038 | ) | 28,045 | |||||||||
Other non-operating | (14,141 | ) | (5,538 | ) | (66,784 | ) | (15,933 | ) | ||||||||
Loss before income taxes | (917,225 | ) | (479,725 | ) | (1,975,119 | ) | (1,682,599 | ) | ||||||||
Income taxes (benefit) | (800,328 | ) | (141,560 | ) | (792,552 | ) | (209,486 | ) | ||||||||
Net loss | $ | (116,897 | ) | $ | (338,165 | ) | $ | (1,182,567 | ) | $ | (1,473,113 | ) | ||||
EARNINGS PER SHARE-ASSUMING DILUTION: | ||||||||||||||||
Net loss | $ | (0.31 | ) | $ | (1.33 | ) | $ | (3.94 | ) | $ | (5.81 | ) | ||||
Shares used in per share calculations | 376,894 | 253,841 | 300,179 | 253,512 | ||||||||||||