10-Q Filing

NVR INC CIK: 906163 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0000906163-19-000116`
Period End Date	20190630
Filing Date	20190731
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	q2201910-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 36 Cash Flow Statement 64

Balance Sheet 42 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`	107,340.00	shares	Point-in-time
Deferred compensation trust, shares	`CommonStockSharesHeldInEmployeeTrustShares`	107,295.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	16.98M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	16.91M	shares	Point-in-time
Land under development	`InventoryRealEstateLandAndLandDevelopmentCosts`	$46.73M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$396.18M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$409.75M	USD	Point-in-time
Operating Lease, Right-of-Use Asset	`OperatingLeaseRightOfUseAsset`	$79.34M	USD	Point-in-time
Total assets	`Assets`	$3.17B	USD	Point-in-time
Total assets	`Assets`	$3.60B	USD	Point-in-time
Operating Lease, Liability	`OperatingLeaseLiability`	$87.33M	USD	Point-in-time
Operating Lease, Liability	`OperatingLeaseLiability`	$85.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.36B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.48B	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, 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 September 30, 2018 and December 31, 2017	`CommonStockValue`	$206.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.82B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.96B	USD	Point-in-time
Deferred compensation trust 107,336 and 108,640 shares of NVR, Inc. common stock as of September 30, 2018 and December 31, 2017, respectively	`CommonStockSharesHeldInEmployeeTrust`	$16.91M	USD	Point-in-time
Deferred compensation trust 107,336 and 108,640 shares of NVR, Inc. common stock as of September 30, 2018 and December 31, 2017, respectively	`CommonStockSharesHeldInEmployeeTrust`	$16.94M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$16.91M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$16.94M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.03B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.43B	USD	Point-in-time
Less treasury stock at cost 16,960,261 and 16,864,324 shares as of September 30, 2018 and December 31, 2017, respectively	`TreasuryStockValue`	$7.04B	USD	Point-in-time
Less treasury stock at cost 16,960,261 and 16,864,324 shares as of September 30, 2018 and December 31, 2017, respectively	`TreasuryStockValue`	$7.27B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.90B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.61B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.12B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.61B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.81B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.47B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.60B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.17B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.79B	USD	1 Quarter
Revenues	`Revenues`	$3.32B	USD	2 Qtrs
Revenues	`Revenues`	$1.80B	USD	1 Quarter
Revenues	`Revenues`	$3.49B	USD	2 Qtrs
Interest expense	`InterestExpense`	$12.61M	USD	2 Qtrs
Interest expense	`InterestExpense`	$12.52M	USD	2 Qtrs
Interest expense	`InterestExpense`	$6.33M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.30M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$244.71M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$241.59M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$463.32M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$432.58M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$63.36M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$38.41M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$64.70M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$34.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$210.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$398.62M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$203.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$369.22M	USD	2 Qtrs
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$110.43	USD	2 Qtrs
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$101.03	USD	2 Qtrs
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$58.20	USD	1 Quarter
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$55.90	USD	1 Quarter
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$53.09	USD	1 Quarter
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$100.61	USD	2 Qtrs
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$49.05	USD	1 Quarter
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$88.31	USD	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.61M	shares	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.65M	shares	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.61M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.63M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.96M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.96M	shares	2 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.14M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.18M	shares	2 Qtrs

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Finance Lease, Principal Payments	`FinanceLeasePrincipalPayments`	$12.00K	USD	2 Qtrs
Finance Lease, Principal Payments	`FinanceLeasePrincipalPayments`	-	USD	2 Qtrs
Net income	`NetIncomeLoss`	$210.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$398.62M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$203.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$369.22M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.15M	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`	$37.91M	USD	2 Qtrs
Contract land deposit and other (recoveries) impairments, net	`ContractLandDepositImpairmentRecoveries`	$44.00K	USD	2 Qtrs
Contract land deposit and other (recoveries) impairments, net	`ContractLandDepositImpairmentRecoveries`	$-23.00K	USD	2 Qtrs
Gain on sale of loans, net	`GainLossOnSaleOfMortgageLoans`	$67.92M	USD	2 Qtrs
Gain on sale of loans, net	`GainLossOnSaleOfMortgageLoans`	$58.89M	USD	2 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$2.37B	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`	$2.43B	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`	$2.85M	USD	2 Qtrs
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$2.16M	USD	2 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$144.62M	USD	2 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$187.42M	USD	2 Qtrs
(Increase) decrease in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$13.55M	USD	2 Qtrs
(Increase) decrease in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$-9.33M	USD	2 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$10.42M	USD	2 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$9.60M	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$32.77M	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-11.33M	USD	2 Qtrs
Increase in customer deposits	`IncreaseDecreaseInCustomerDeposits`	$7.96M	USD	2 Qtrs
Increase in customer deposits	`IncreaseDecreaseInCustomerDeposits`	$22.00M	USD	2 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-10.66M	USD	2 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-5.89M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$169.45M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$302.62M	USD	2 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$335.00K	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`	$7.17M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.25M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.70M	USD	2 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$425.00K	USD	2 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.07M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.80M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.08M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$304.48M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$483.54M	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$178.83M	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$86.09M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-125.66M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-397.44M	USD	2 Qtrs
Net increase (decrease) in cash, restricted cash, and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$174.16M	USD	2 Qtrs
Net increase (decrease) in cash, restricted cash, and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-231.08M	USD	2 Qtrs
Cash, restricted cash, and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$458.48M	USD	Point-in-time
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`	$906.41M	USD	Point-in-time
Cash, restricted cash, and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$732.25M	USD	Point-in-time
Cash, restricted cash, and cash equivalents, end 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`	$906.41M	USD	Point-in-time
Cash, restricted cash, and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$732.25M	USD	Point-in-time
Interest paid during the period, net of interest capitalized	`InterestPaidNet`	$12.05M	USD	2 Qtrs
Interest paid during the period, net of interest capitalized	`InterestPaidNet`	$12.15M	USD	2 Qtrs
Income taxes paid during the period, net of refunds	`IncomeTaxesPaidNet`	$86.27M	USD	2 Qtrs
Income taxes paid during the period, net of refunds	`IncomeTaxesPaidNet`	$71.49M	USD	2 Qtrs

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