10-Q Filing

NVR INC CIK: 906163 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0000906163-20-000075`
Period End Date	20200630
Filing Date	20200803
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	nvr-20200630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 39 Income Statement 36 Cash Flow Statement 70

Balance Sheet 39 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`	$69.32M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$413.85M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$360.98M	USD	Point-in-time
Total assets	`Assets`	$4.73B	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`	$2.12B	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, 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 June 30, 2020 and December 31, 2019	`CommonStockValue`	$206.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.06B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.15B	USD	Point-in-time
Deferred compensation trust 106,697 and 107,295 shares of NVR, Inc. common stock as of June 30, 2020 and December 31, 2019, respectively	`CommonStockSharesHeldInEmployeeTrust`	$16.71M	USD	Point-in-time
Deferred compensation trust 106,697 and 107,295 shares of NVR, Inc. common stock as of June 30, 2020 and December 31, 2019, respectively	`CommonStockSharesHeldInEmployeeTrust`	$16.91M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$16.71M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$16.91M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$8.25B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.91B	USD	Point-in-time
Less treasury stock at cost 16,866,242 and 16,922,558 shares as of June 30, 2020 and December 31, 2019, respectively	`TreasuryStockValue`	$7.79B	USD	Point-in-time
Less treasury stock at cost 16,866,242 and 16,922,558 shares as of June 30, 2020 and December 31, 2019, respectively	`TreasuryStockValue`	$7.62B	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 shareholders' equity	`StockholdersEquity`	$2.12B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.34B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.61B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$4.73B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.81B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$3.49B	USD	2 Qtrs
Revenues	`Revenues`	$3.20B	USD	2 Qtrs
Revenues	`Revenues`	$1.80B	USD	1 Quarter
Revenues	`Revenues`	$1.62B	USD	1 Quarter
Interest expense	`InterestExpense`	$9.53M	USD	1 Quarter
Interest expense	`InterestExpense`	$16.01M	USD	2 Qtrs
Interest expense	`InterestExpense`	$12.52M	USD	2 Qtrs
Interest expense	`InterestExpense`	$6.30M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$209.83M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$244.71M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$463.32M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$371.21M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$34.50M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$64.70M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$45.76M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$31.43M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$339.78M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$398.62M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$210.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$164.07M	USD	1 Quarter
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$44.56	USD	1 Quarter
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$110.43	USD	2 Qtrs
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$92.52	USD	2 Qtrs
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$58.20	USD	1 Quarter
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$100.61	USD	2 Qtrs
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$53.09	USD	1 Quarter
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$42.50	USD	1 Quarter
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$87.56	USD	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.68M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.67M	shares	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.61M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.61M	shares	2 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.86M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.96M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.88M	shares	2 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.96M	shares	2 Qtrs

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Finance Lease, Principal Payments	`FinanceLeasePrincipalPayments`	$212.00K	USD	1 Quarter
Finance Lease, Principal Payments	`FinanceLeasePrincipalPayments`	$412.00K	USD	2 Qtrs
Finance Lease, Principal Payments	`FinanceLeasePrincipalPayments`	$12.00K	USD	2 Qtrs
Finance Lease, Principal Payments	`FinanceLeasePrincipalPayments`	$12.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$339.78M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$398.62M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$210.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$164.07M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.15M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.25M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$21.93M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$37.91M	USD	2 Qtrs
Contract land deposit and other impairments (recoveries), net	`ContractLandDepositImpairmentRecovery`	$37.45M	USD	2 Qtrs
Contract land deposit and other impairments (recoveries), net	`ContractLandDepositImpairmentRecovery`	$-23.00K	USD	2 Qtrs
Gain on sale of loans, net	`GainLossOnSaleOfMortgageLoans`	$41.57M	USD	2 Qtrs
Gain on sale of loans, net	`GainLossOnSaleOfMortgageLoans`	$67.92M	USD	2 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$2.28B	USD	2 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$2.37B	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`	$2.49B	USD	2 Qtrs
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$2.16M	USD	2 Qtrs
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	-	USD	2 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$255.85M	USD	2 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$144.62M	USD	2 Qtrs
Decrease (increase) in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$13.55M	USD	2 Qtrs
Decrease (increase) in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$-16.02M	USD	2 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$2.83M	USD	2 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$9.60M	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$26.51M	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$32.77M	USD	2 Qtrs
Increase in customer deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$7.96M	USD	2 Qtrs
Increase in customer deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$26.13M	USD	2 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-5.89M	USD	2 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-19.07M	USD	2 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$302.62M	USD	2 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$370.67M	USD	2 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$38.00K	USD	2 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$335.00K	USD	2 Qtrs
Distribution of capital from unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$7.17M	USD	2 Qtrs
Distribution of capital from unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	-	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.70M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.22M	USD	2 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$449.00K	USD	2 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.07M	USD	2 Qtrs
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.80M	USD	2 Qtrs
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.81M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$216.58M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$304.48M	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$178.83M	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$126.05M	USD	2 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-125.66M	USD	2 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$504.33M	USD	2 Qtrs
Net increase in cash, restricted cash, and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$867.19M	USD	2 Qtrs
Net increase in cash, restricted cash, and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$174.16M	USD	2 Qtrs
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, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.16B	USD	Point-in-time
Cash, restricted cash, and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.03B	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
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`	$2.03B	USD	Point-in-time
Interest paid during the period, net of interest capitalized	`InterestPaidNet`	$12.59M	USD	2 Qtrs
Interest paid during the period, net of interest capitalized	`InterestPaidNet`	$12.05M	USD	2 Qtrs
Income taxes paid during the period, net of refunds	`IncomeTaxesPaidNet`	$11.74M	USD	2 Qtrs
Income taxes paid during the period, net of refunds	`IncomeTaxesPaidNet`	$71.49M	USD	2 Qtrs
Proceeds from Issuance of Senior Long-term Debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$598.86M	USD	2 Qtrs
Proceeds from Issuance of Senior Long-term Debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	2 Qtrs
Payments of Debt Issuance Costs	`PaymentsOfDebtIssuanceCosts`	$3.58M	USD	2 Qtrs
Payments of Debt Issuance Costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs

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