10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000906163-20-000054 |
| Period End Date | 20200331 |
| Filing Date | 20200507 |
| Fiscal Year | 2020 |
| Fiscal Period | Q1 |
| XBRL Instance | nvr-20200331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
37 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock, par value |
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
|
107,295.00 | shares | Point-in-time |
| Deferred compensation trust, shares |
CommonStockSharesHeldInEmployeeTrustShares
|
107,295.00 | shares | Point-in-time |
| Treasury stock, shares |
TreasuryStockShares
|
16.92M | shares | Point-in-time |
| Treasury stock, shares |
TreasuryStockShares
|
16.88M | shares | Point-in-time |
| Land under development |
InventoryRealEstateLandAndLandDevelopmentCosts
|
$68.14M | USD | Point-in-time |
| Contract land deposits, net |
DepositsAssets
|
$369.26M | USD | Point-in-time |
| Contract land deposits, net |
DepositsAssets
|
$413.85M | USD | Point-in-time |
| Total assets |
Assets
|
$3.89B | USD | Point-in-time |
| Total assets |
Assets
|
$3.81B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.47B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.47B | 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 March 31, 2020 and December 31, 2019 |
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 March 31, 2020 and December 31, 2019 |
CommonStockValue
|
$206.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$2.13B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$2.06B | USD | Point-in-time |
| Deferred compensation trust 107,295 shares of NVR, Inc. common stock as of March 31, 2020 and December 31, 2019 |
CommonStockSharesHeldInEmployeeTrust
|
$16.91M | USD | Point-in-time |
| Deferred compensation trust 107,295 shares of NVR, Inc. common stock as of March 31, 2020 and December 31, 2019 |
CommonStockSharesHeldInEmployeeTrust
|
$16.91M | USD | Point-in-time |
| Deferred compensation liability |
DeferredCompensationLiabilityCurrentAndNoncurrent
|
$16.91M | USD | Point-in-time |
| Deferred compensation liability |
DeferredCompensationLiabilityCurrentAndNoncurrent
|
$16.91M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$8.09B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$7.91B | USD | Point-in-time |
| Less treasury stock at cost 16,881,636 and 16,922,558 shares as of March 31, 2020 and December 31, 2019, respectively |
TreasuryStockValue
|
$7.80B | USD | Point-in-time |
| Less treasury stock at cost 16,881,636 and 16,922,558 shares as of March 31, 2020 and December 31, 2019, respectively |
TreasuryStockValue
|
$7.62B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$2.34B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$1.90B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$1.81B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$2.42B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$3.81B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$3.89B | USD | Point-in-time |
Income Statement
18 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
Revenues
|
$1.58B | USD | 1 Quarter |
| Revenues |
Revenues
|
$1.69B | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$6.21M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$6.49M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$218.61M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$161.38M | USD | 1 Quarter |
| Income tax benefit (expense) |
IncomeTaxExpenseBenefit
|
$-14.33M | USD | 1 Quarter |
| Income tax benefit (expense) |
IncomeTaxExpenseBenefit
|
$30.20M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$175.70M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$188.41M | USD | 1 Quarter |
| Basic earnings per share (USD per share) |
EarningsPerShareBasic
|
$47.97 | USD | 1 Quarter |
| Basic earnings per share (USD per share) |
EarningsPerShareBasic
|
$52.23 | USD | 1 Quarter |
| Diluted earnings per share (USD per share) |
EarningsPerShareDiluted
|
$44.96 | USD | 1 Quarter |
| Diluted earnings per share (USD per share) |
EarningsPerShareDiluted
|
$47.64 | USD | 1 Quarter |
| Basic weighted average shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
3.61M | shares | 1 Quarter |
| Basic weighted average shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
3.66M | shares | 1 Quarter |
| Diluted weighted average shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
3.91M | shares | 1 Quarter |
| Diluted weighted average shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
3.96M | shares | 1 Quarter |
Cash Flow Statement
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Finance Lease, Principal Payments |
FinanceLeasePrincipalPayments
|
- | USD | 1 Quarter |
| Finance Lease, Principal Payments |
FinanceLeasePrincipalPayments
|
$200.00K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$175.70M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$188.41M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$5.06M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$5.62M | USD | 1 Quarter |
| Equity-based compensation expense |
ShareBasedCompensation
|
$7.49M | USD | 1 Quarter |
| Equity-based compensation expense |
ShareBasedCompensation
|
$19.33M | USD | 1 Quarter |
| Contract land deposit and other impairments, net |
ContractLandDepositImpairmentRecoveries
|
$542.00K | USD | 1 Quarter |
| Contract land deposit and other impairments, net |
ContractLandDepositImpairmentRecoveries
|
$36.34M | USD | 1 Quarter |
| Gain on sale of loans, net |
GainLossOnSaleOfMortgageLoans
|
$34.96M | USD | 1 Quarter |
| Gain on sale of loans, net |
GainLossOnSaleOfMortgageLoans
|
$18.40M | USD | 1 Quarter |
| Mortgage loans closed |
PaymentsForOriginationOfMortgageLoansHeldForSale
|
$1.14B | USD | 1 Quarter |
| Mortgage loans closed |
PaymentsForOriginationOfMortgageLoansHeldForSale
|
$1.13B | USD | 1 Quarter |
| Mortgage loans sold and principal payments on mortgage loans held for sale |
ProceedsFromSaleOfMortgageLoansHeldForSale
|
$1.20B | USD | 1 Quarter |
| Mortgage loans sold and principal payments on mortgage loans held for sale |
ProceedsFromSaleOfMortgageLoansHeldForSale
|
$1.23B | USD | 1 Quarter |
| Distribution of earnings from unconsolidated joint ventures |
EquityMethodInvestmentDividendsOrDistributions
|
$608.00K | USD | 1 Quarter |
| Distribution of earnings from unconsolidated joint ventures |
EquityMethodInvestmentDividendsOrDistributions
|
- | USD | 1 Quarter |
| Increase in inventory |
IncreaseDecreaseInInventories
|
$168.35M | USD | 1 Quarter |
| Increase in inventory |
IncreaseDecreaseInInventories
|
$28.06M | USD | 1 Quarter |
| Decrease in contract land deposits |
IncreaseDecreaseInDepositsOutstanding
|
$-6.30M | USD | 1 Quarter |
| Decrease in contract land deposits |
IncreaseDecreaseInDepositsOutstanding
|
$-8.26M | USD | 1 Quarter |
| Increase in receivables |
IncreaseDecreaseInReceivables
|
$12.01M | USD | 1 Quarter |
| Increase in receivables |
IncreaseDecreaseInReceivables
|
$33.19M | USD | 1 Quarter |
| (Decrease) increase in accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-39.44M | USD | 1 Quarter |
| (Decrease) increase in accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$21.15M | USD | 1 Quarter |
| Increase in customer deposits |
IncreaseDecreaseInContractWithCustomerLiability
|
$4.39M | USD | 1 Quarter |
| Increase in customer deposits |
IncreaseDecreaseInContractWithCustomerLiability
|
$15.28M | USD | 1 Quarter |
| Other, net |
OtherOperatingActivitiesCashFlowStatement
|
$-6.10M | USD | 1 Quarter |
| Other, net |
OtherOperatingActivitiesCashFlowStatement
|
$-15.61M | USD | 1 Quarter |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$227.85M | USD | 1 Quarter |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$68.44M | USD | 1 Quarter |
| Investments in and advances to unconsolidated joint ventures |
PaymentsToAcquireInterestInJointVenture
|
$335.00K | USD | 1 Quarter |
| Investments in and advances to unconsolidated joint ventures |
PaymentsToAcquireInterestInJointVenture
|
- | USD | 1 Quarter |
| Distribution of capital from unconsolidated joint ventures |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$3.26M | USD | 1 Quarter |
| Distribution of capital from unconsolidated joint ventures |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
- | USD | 1 Quarter |
| Purchase of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.51M | USD | 1 Quarter |
| Purchase of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$5.29M | USD | 1 Quarter |
| Proceeds from the sale of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$252.00K | USD | 1 Quarter |
| Proceeds from the sale of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$484.00K | USD | 1 Quarter |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.88M | USD | 1 Quarter |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-3.26M | USD | 1 Quarter |
| Purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
$216.50M | USD | 1 Quarter |
| Purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
$216.58M | USD | 1 Quarter |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$109.06M | USD | 1 Quarter |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$98.97M | USD | 1 Quarter |
| Net Cash Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$-117.53M | USD | 1 Quarter |
| Net Cash Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$-107.72M | USD | 1 Quarter |
| Net (decrease) increase in cash, restricted cash, and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$108.45M | USD | 1 Quarter |
| Net (decrease) increase in cash, restricted cash, and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-42.54M | USD | 1 Quarter |
| Cash, restricted cash, and cash equivalents, beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.12B | USD | Point-in-time |
| Cash, restricted cash, and cash equivalents, beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$840.70M | USD | Point-in-time |
| Cash, restricted cash, and cash equivalents, beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.16B | 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
|
$1.12B | USD | Point-in-time |
| Cash, restricted cash, and cash equivalents, end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$840.70M | USD | Point-in-time |
| Cash, restricted cash, and cash equivalents, end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.16B | 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
|
$12.17M | USD | 1 Quarter |
| Interest paid during the period, net of interest capitalized |
InterestPaidNet
|
$11.91M | USD | 1 Quarter |
| Income taxes paid during the period, net of refunds |
IncomeTaxesPaidNet
|
$2.44M | USD | 1 Quarter |
| Income taxes paid during the period, net of refunds |
IncomeTaxesPaidNet
|
$2.32M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.