10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000906163-17-000009 |
| Period End Date | 20170930 |
| Filing Date | 20171030 |
| Fiscal Year | 2017 |
| Fiscal Period | Q3 |
| XBRL Instance | nvr-20170930.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
39 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value (USD per share) |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock, par value (USD per share) |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock, shares authorized (per share) |
CommonStockSharesAuthorized
|
60.00M | shares | Point-in-time |
| Common stock, shares authorized (per share) |
CommonStockSharesAuthorized
|
60.00M | shares | Point-in-time |
| Common stock, shares issued (per share) |
CommonStockSharesIssued
|
20.56M | shares | Point-in-time |
| Common stock, shares issued (per share) |
CommonStockSharesIssued
|
20.56M | shares | Point-in-time |
| Deferred compensation trust, shares (per share) |
CommonStockSharesHeldInEmployeeTrustShares
|
108,640.00 | shares | Point-in-time |
| Deferred compensation trust, shares (per share) |
CommonStockSharesHeldInEmployeeTrustShares
|
108,638.00 | shares | Point-in-time |
| Treasury stock, shares (per share) |
TreasuryStockShares
|
16.82M | shares | Point-in-time |
| Treasury stock, shares (per share) |
TreasuryStockShares
|
16.86M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$396.62M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$425.32M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$262.43M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$628.06M | USD | Point-in-time |
| Land under development |
InventoryRealEstateLandAndLandDevelopmentCosts
|
$19.18M | USD | Point-in-time |
| Contract land deposits, net |
DepositsAssets
|
$379.84M | USD | Point-in-time |
| Contract land deposits, net |
DepositsAssets
|
$365.14M | USD | Point-in-time |
| Total assets |
Assets
|
$3.05B | USD | Point-in-time |
| Total assets |
Assets
|
$2.64B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.40B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.34B | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, $0.01 par value; 60,000,000 shares authorized; 20,555,330 shares issued as of both September 30, 2017 and December 31, 2016 |
CommonStockValue
|
$206.00K | USD | Point-in-time |
| Common stock, $0.01 par value; 60,000,000 shares authorized; 20,555,330 shares issued as of both September 30, 2017 and December 31, 2016 |
CommonStockValue
|
$206.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.52B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.63B | USD | Point-in-time |
| Deferred compensation trust 108,638 and 108,640 shares of NVR, Inc. common stock as of September 30, 2017 and December 31, 2016, respectively |
CommonStockSharesHeldInEmployeeTrust
|
$17.38M | USD | Point-in-time |
| Deferred compensation trust 108,638 and 108,640 shares of NVR, Inc. common stock as of September 30, 2017 and December 31, 2016, respectively |
CommonStockSharesHeldInEmployeeTrust
|
$17.38M | USD | Point-in-time |
| Deferred compensation liability |
DeferredCompensationLiabilityCurrentAndNoncurrent
|
$17.38M | USD | Point-in-time |
| Deferred compensation liability |
DeferredCompensationLiabilityCurrentAndNoncurrent
|
$17.38M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$6.11B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$5.70B | USD | Point-in-time |
| Less treasury stock at cost 16,819,467 and 16,862,327 shares as of September 30, 2017 and December 31, 2016, respectively |
TreasuryStockValue
|
$6.08B | USD | Point-in-time |
| Less treasury stock at cost 16,819,467 and 16,862,327 shares as of September 30, 2017 and December 31, 2016, respectively |
TreasuryStockValue
|
$5.91B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$1.65B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$1.30B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$3.05B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$2.64B | USD | Point-in-time |
Income Statement
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Interest expense |
InterestExpense
|
$15.53M | USD | 3 Qtrs |
| Interest expense |
InterestExpense
|
$6.12M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$5.62M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$17.87M | USD | 3 Qtrs |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$585.59M | USD | 3 Qtrs |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$244.46M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$185.00M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$433.04M | USD | 3 Qtrs |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$82.36M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$67.61M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$172.69M | USD | 3 Qtrs |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$158.66M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$162.10M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$274.37M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$412.90M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$117.39M | USD | 1 Quarter |
| Basic earnings per share (USD per share) |
EarningsPerShareBasic
|
$70.70 | USD | 3 Qtrs |
| Basic earnings per share (USD per share) |
EarningsPerShareBasic
|
$110.60 | USD | 3 Qtrs |
| Basic earnings per share (USD per share) |
EarningsPerShareBasic
|
$30.43 | USD | 1 Quarter |
| Basic earnings per share (USD per share) |
EarningsPerShareBasic
|
$43.26 | USD | 1 Quarter |
| Diluted earnings per share (USD per share) |
EarningsPerShareDiluted
|
$98.33 | USD | 3 Qtrs |
| Diluted earnings per share (USD per share) |
EarningsPerShareDiluted
|
$66.24 | USD | 3 Qtrs |
| Diluted earnings per share (USD per share) |
EarningsPerShareDiluted
|
$28.46 | USD | 1 Quarter |
| Diluted earnings per share (USD per share) |
EarningsPerShareDiluted
|
$38.02 | USD | 1 Quarter |
| Basic weighted average shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
3.86M | shares | 1 Quarter |
| Basic weighted average shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
3.73M | shares | 3 Qtrs |
| Basic weighted average shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
3.88M | shares | 3 Qtrs |
| Basic weighted average shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
3.75M | shares | 1 Quarter |
| Diluted weighted average shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
4.26M | shares | 1 Quarter |
| Diluted weighted average shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
4.20M | shares | 3 Qtrs |
| Diluted weighted average shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
4.12M | shares | 1 Quarter |
| Diluted weighted average shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
4.14M | shares | 3 Qtrs |
Cash Flow Statement
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$162.10M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$274.37M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$412.90M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$117.39M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$16.59M | USD | 3 Qtrs |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$17.09M | USD | 3 Qtrs |
| Equity-based compensation expense |
ShareBasedCompensation
|
$32.68M | USD | 3 Qtrs |
| Equity-based compensation expense |
ShareBasedCompensation
|
$32.46M | USD | 3 Qtrs |
| Contract land deposit impairments (recoveries), net |
ContractLandDepositImpairmentRecoveries
|
$-1.43M | USD | 3 Qtrs |
| Contract land deposit impairments (recoveries), net |
ContractLandDepositImpairmentRecoveries
|
$3.40M | USD | 3 Qtrs |
| Gain on sale of loans, net |
GainLossOnSaleOfMortgageLoans
|
$59.39M | USD | 3 Qtrs |
| Gain on sale of loans, net |
GainLossOnSaleOfMortgageLoans
|
$73.37M | USD | 3 Qtrs |
| Mortgage loans closed |
PaymentsForOriginationOfMortgageLoansHeldForSale
|
$2.54B | USD | 3 Qtrs |
| Mortgage loans closed |
PaymentsForOriginationOfMortgageLoansHeldForSale
|
$2.86B | USD | 3 Qtrs |
| Mortgage loans sold and principal payments on mortgage loans held for sale |
ProceedsFromSaleOfMortgageLoansHeldForSale
|
$2.63B | USD | 3 Qtrs |
| Mortgage loans sold and principal payments on mortgage loans held for sale |
ProceedsFromSaleOfMortgageLoansHeldForSale
|
$3.03B | USD | 3 Qtrs |
| Distribution of earnings from unconsolidated joint ventures |
EquityMethodInvestmentDividendsOrDistributions
|
$8.03M | USD | 3 Qtrs |
| Distribution of earnings from unconsolidated joint ventures |
EquityMethodInvestmentDividendsOrDistributions
|
$5.12M | USD | 3 Qtrs |
| Increase in inventory |
IncreaseDecreaseInInventories
|
$284.46M | USD | 3 Qtrs |
| Increase in inventory |
IncreaseDecreaseInInventories
|
$309.82M | USD | 3 Qtrs |
| Decrease (increase) in contract land deposits |
IncreaseDecreaseInDepositsOutstanding
|
$-11.31M | USD | 3 Qtrs |
| Decrease (increase) in contract land deposits |
IncreaseDecreaseInDepositsOutstanding
|
$32.77M | USD | 3 Qtrs |
| Decrease (increase) in receivables |
IncreaseDecreaseInReceivables
|
$-162.00K | USD | 3 Qtrs |
| Decrease (increase) in receivables |
IncreaseDecreaseInReceivables
|
$2.91M | USD | 3 Qtrs |
| Increase in accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$59.74M | USD | 3 Qtrs |
| Increase in accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$15.11M | USD | 3 Qtrs |
| Increase in customer deposits |
IncreaseDecreaseInCustomerDeposits
|
$33.73M | USD | 3 Qtrs |
| Increase in customer deposits |
IncreaseDecreaseInCustomerDeposits
|
$40.05M | USD | 3 Qtrs |
| Other, net |
OtherOperatingActivitiesCashFlowStatement
|
$-11.54M | USD | 3 Qtrs |
| Other, net |
OtherOperatingActivitiesCashFlowStatement
|
$-7.03M | USD | 3 Qtrs |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$340.78M | USD | 3 Qtrs |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$102.44M | USD | 3 Qtrs |
| Investments in and advances to unconsolidated joint ventures |
PaymentsToAcquireInterestInJointVenture
|
$653.00K | USD | 3 Qtrs |
| Investments in and advances to unconsolidated joint ventures |
PaymentsToAcquireInterestInJointVenture
|
$455.00K | USD | 3 Qtrs |
| Distribution of capital from unconsolidated joint ventures |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$9.16M | USD | 3 Qtrs |
| Distribution of capital from unconsolidated joint ventures |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$6.08M | USD | 3 Qtrs |
| Purchase of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$16.51M | USD | 3 Qtrs |
| Purchase of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$15.67M | USD | 3 Qtrs |
| Proceeds from the sale of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$664.00K | USD | 3 Qtrs |
| Proceeds from the sale of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$701.00K | USD | 3 Qtrs |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-9.38M | USD | 3 Qtrs |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-7.30M | USD | 3 Qtrs |
| Purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
$291.74M | USD | 3 Qtrs |
| Purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
$230.20M | USD | 3 Qtrs |
| Distributions to partner in consolidated variable interest entity |
PaymentsToMinorityShareholders
|
- | USD | 3 Qtrs |
| Distributions to partner in consolidated variable interest entity |
PaymentsToMinorityShareholders
|
$217.00K | USD | 3 Qtrs |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$33.94M | USD | 3 Qtrs |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$130.25M | USD | 3 Qtrs |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-258.02M | USD | 3 Qtrs |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-99.95M | USD | 3 Qtrs |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$231.44M | USD | 3 Qtrs |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-162.89M | USD | 3 Qtrs |
| Cash and cash equivalents, beginning of the period |
CashAndCashEquivalentsAtCarryingValue
|
$396.62M | USD | Point-in-time |
| Cash and cash equivalents, beginning of the period |
CashAndCashEquivalentsAtCarryingValue
|
$425.32M | USD | Point-in-time |
| Cash and cash equivalents, beginning of the period |
CashAndCashEquivalentsAtCarryingValue
|
$262.43M | USD | Point-in-time |
| Cash and cash equivalents, beginning of the period |
CashAndCashEquivalentsAtCarryingValue
|
$628.06M | USD | Point-in-time |
| Cash and cash equivalents, end of the period |
CashAndCashEquivalentsAtCarryingValue
|
$396.62M | USD | Point-in-time |
| Cash and cash equivalents, end of the period |
CashAndCashEquivalentsAtCarryingValue
|
$425.32M | USD | Point-in-time |
| Cash and cash equivalents, end of the period |
CashAndCashEquivalentsAtCarryingValue
|
$262.43M | USD | Point-in-time |
| Cash and cash equivalents, end of the period |
CashAndCashEquivalentsAtCarryingValue
|
$628.06M | USD | Point-in-time |
| Interest paid during the period, net of interest capitalized |
InterestPaidNet
|
$20.90M | USD | 3 Qtrs |
| Interest paid during the period, net of interest capitalized |
InterestPaidNet
|
$23.11M | USD | 3 Qtrs |
| Income taxes paid during the period, net of refunds |
IncomeTaxesPaidNet
|
$169.95M | USD | 3 Qtrs |
| Income taxes paid during the period, net of refunds |
IncomeTaxesPaidNet
|
$148.12M | USD | 3 Qtrs |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.