10-Q Filing

NVR INC CIK: 906163 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0000906163-18-000106`
Period End Date	20180630
Filing Date	20180730
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	nvr-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 35 Income Statement 32 Cash Flow Statement 62

Balance Sheet 35 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	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.56M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.56M	shares	Point-in-time
Deferred compensation trust, shares	`CommonStockSharesHeldInEmployeeTrustShares`	108,640.00	shares	Point-in-time
Deferred compensation trust, shares	`CommonStockSharesHeldInEmployeeTrustShares`	107,904.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	16.86M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	16.93M	shares	Point-in-time
Land under development	`InventoryRealEstateLandAndLandDevelopmentCosts`	$35.29M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$361.05M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$370.43M	USD	Point-in-time
Total assets	`Assets`	$2.99B	USD	Point-in-time
Total assets	`Assets`	$3.01B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.38B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.40B	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 June 30, 2018 and December 31, 2017	`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 June 30, 2018 and December 31, 2017	`CommonStockValue`	$206.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.72B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.64B	USD	Point-in-time
Deferred compensation trust 107,904 and 108,640 shares of NVR, Inc. common stock as of June 30, 2018 and December 31, 2017, respectively	`CommonStockSharesHeldInEmployeeTrust`	$17.38M	USD	Point-in-time
Deferred compensation trust 107,904 and 108,640 shares of NVR, Inc. common stock as of June 30, 2018 and December 31, 2017, respectively	`CommonStockSharesHeldInEmployeeTrust`	$17.15M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$17.38M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$17.15M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$6.23B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$6.60B	USD	Point-in-time
Less treasury stock at cost 16,926,815 and 16,864,324 shares as of June 30, 2018 and December 31, 2017, respectively	`TreasuryStockValue`	$6.72B	USD	Point-in-time
Less treasury stock at cost 16,926,815 and 16,864,324 shares as of June 30, 2018 and December 31, 2017, respectively	`TreasuryStockValue`	$6.27B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.61B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.61B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.01B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.99B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Interest expense	`InterestExpense`	$6.33M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.75M	USD	2 Qtrs
Interest expense	`InterestExpense`	$12.61M	USD	2 Qtrs
Interest expense	`InterestExpense`	$5.91M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$341.13M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$208.97M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$432.58M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$241.59M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$61.09M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$90.33M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$38.41M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$63.36M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$250.80M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$369.22M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$147.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$203.17M	USD	1 Quarter
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$101.03	USD	2 Qtrs
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$67.30	USD	2 Qtrs
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$55.90	USD	1 Quarter
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$39.46	USD	1 Quarter
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$60.36	USD	2 Qtrs
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$49.05	USD	1 Quarter
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$35.19	USD	1 Quarter
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$88.31	USD	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.75M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.63M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.65M	shares	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.73M	shares	2 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.18M	shares	2 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.14M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.16M	shares	2 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.20M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$250.80M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$369.22M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$147.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$203.17M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.49M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.02M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$28.10M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$21.47M	USD	2 Qtrs
Contract land deposit impairments, net	`ContractLandDepositImpairmentRecoveries`	$3.57M	USD	2 Qtrs
Contract land deposit impairments, net	`ContractLandDepositImpairmentRecoveries`	$44.00K	USD	2 Qtrs
Gain on sale of loans, net	`GainLossOnSaleOfMortgageLoans`	$47.47M	USD	2 Qtrs
Gain on sale of loans, net	`GainLossOnSaleOfMortgageLoans`	$58.89M	USD	2 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$1.77B	USD	2 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$2.22B	USD	2 Qtrs
Mortgage loans sold and principal payments on mortgage loans held for sale	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$1.94B	USD	2 Qtrs
Mortgage loans sold and principal payments on mortgage loans held for sale	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$2.23B	USD	2 Qtrs
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$2.64M	USD	2 Qtrs
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$2.85M	USD	2 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$272.85M	USD	2 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$187.42M	USD	2 Qtrs
Decrease in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$-9.33M	USD	2 Qtrs
Decrease in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$-17.87M	USD	2 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$10.42M	USD	2 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$1.67M	USD	2 Qtrs
Decrease in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.01M	USD	2 Qtrs
Decrease in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-11.33M	USD	2 Qtrs
Increase in customer deposits	`IncreaseDecreaseInCustomerDeposits`	$22.00M	USD	2 Qtrs
Increase in customer deposits	`IncreaseDecreaseInCustomerDeposits`	$43.45M	USD	2 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-11.76M	USD	2 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-10.66M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$169.45M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$178.21M	USD	2 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$455.00K	USD	2 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$284.00K	USD	2 Qtrs
Distribution of capital from unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$6.03M	USD	2 Qtrs
Distribution of capital from unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$5.24M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.78M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.25M	USD	2 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$472.00K	USD	2 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$425.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.53M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.08M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$159.51M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$483.54M	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$86.09M	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$117.97M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-397.44M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-41.54M	USD	2 Qtrs
Net (decrease) increase in cash, restricted cash, and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-231.08M	USD	2 Qtrs
Net (decrease) increase in cash, restricted cash, and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$132.14M	USD	2 Qtrs
Cash, restricted cash, and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$689.56M	USD	Point-in-time
Cash, restricted cash, and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$548.18M	USD	Point-in-time
Cash, restricted cash, and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$416.04M	USD	Point-in-time
Cash, restricted cash, and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$458.48M	USD	Point-in-time
Cash, restricted cash, and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$689.56M	USD	Point-in-time
Cash, restricted cash, and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$548.18M	USD	Point-in-time
Cash, restricted cash, and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$416.04M	USD	Point-in-time
Cash, restricted cash, and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$458.48M	USD	Point-in-time
Interest paid during the period, net of interest capitalized	`InterestPaidNet`	$12.15M	USD	2 Qtrs
Interest paid during the period, net of interest capitalized	`InterestPaidNet`	$11.29M	USD	2 Qtrs
Income taxes paid during the period, net of refunds	`IncomeTaxesPaidNet`	$99.37M	USD	2 Qtrs
Income taxes paid during the period, net of refunds	`IncomeTaxesPaidNet`	$86.27M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.