10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000906163-21-000099 |
| Period End Date | 20210930 |
| Filing Date | 20211102 |
| Fiscal Year | 2021 |
| Fiscal Period | Q3 |
| XBRL Instance | nvr-20210930_htm.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 (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
60.00M | shares | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
60.00M | shares | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
20.56M | shares | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
20.56M | shares | Point-in-time |
| Deferred compensation trust (in shares) |
CommonStockSharesHeldInEmployeeTrustShares
|
106,697.00 | shares | Point-in-time |
| Deferred compensation trust (in shares) |
CommonStockSharesHeldInEmployeeTrustShares
|
106,697.00 | shares | Point-in-time |
| Treasury stock (in shares) |
TreasuryStockShares
|
16.86M | shares | Point-in-time |
| Treasury stock (in shares) |
TreasuryStockShares
|
17.04M | shares | Point-in-time |
| Contract land deposits, net |
DepositsAssets
|
$387.63M | USD | Point-in-time |
| Contract land deposits, net |
DepositsAssets
|
$453.25M | USD | Point-in-time |
| Total assets |
Assets
|
$5.79B | USD | Point-in-time |
| Total assets |
Assets
|
$5.78B | USD | Point-in-time |
| Land under development |
InventoryRealEstateLandAndLandDevelopmentCosts
|
$8.15M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$2.67B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$2.77B | 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, 2021 and December 31, 2020 |
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, 2021 and December 31, 2020 |
CommonStockValue
|
$206.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$2.35B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$2.21B | USD | Point-in-time |
| Deferred compensation trust 106,697 shares of NVR, Inc. common stock as of both September 30, 2021 and December 31, 2020 |
CommonStockSharesHeldInEmployeeTrust
|
$16.71M | USD | Point-in-time |
| Deferred compensation trust 106,697 shares of NVR, Inc. common stock as of both September 30, 2021 and December 31, 2020 |
CommonStockSharesHeldInEmployeeTrust
|
$16.71M | USD | Point-in-time |
| Deferred compensation liability |
DeferredCompensationLiabilityCurrentAndNoncurrent
|
$16.71M | USD | Point-in-time |
| Deferred compensation liability |
DeferredCompensationLiabilityCurrentAndNoncurrent
|
$16.71M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$9.71B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$8.81B | USD | Point-in-time |
| Less treasury stock at cost 17,042,644 and 16,859,753 shares as of September 30, 2021 and December 31, 2020, respectively |
TreasuryStockValue
|
$9.05B | USD | Point-in-time |
| Less treasury stock at cost 17,042,644 and 16,859,753 shares as of September 30, 2021 and December 31, 2020, respectively |
TreasuryStockValue
|
$7.92B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$2.92B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$3.10B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$3.04B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$3.02B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$2.61B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$2.34B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$5.78B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$5.79B | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
Revenues
|
$1.99B | USD | 1 Quarter |
| Revenues |
Revenues
|
$2.40B | USD | 1 Quarter |
| Revenues |
Revenues
|
$5.19B | USD | 3 Qtrs |
| Revenues |
Revenues
|
$6.72B | USD | 3 Qtrs |
| Interest expense |
InterestExpense
|
$11.69M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$13.24M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$39.91M | USD | 3 Qtrs |
| Interest expense |
InterestExpense
|
$27.70M | USD | 3 Qtrs |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$321.46M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$692.66M | USD | 3 Qtrs |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$434.13M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$1.16B | USD | 3 Qtrs |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$261.46M | USD | 3 Qtrs |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$102.05M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$96.42M | USD | 3 Qtrs |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$64.99M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$902.14M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$332.08M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$596.24M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$256.47M | USD | 1 Quarter |
| Basic earnings per share (USD per share) |
EarningsPerShareBasic
|
$249.30 | USD | 3 Qtrs |
| Basic earnings per share (USD per share) |
EarningsPerShareBasic
|
$69.19 | USD | 1 Quarter |
| Basic earnings per share (USD per share) |
EarningsPerShareBasic
|
$161.85 | USD | 3 Qtrs |
| Basic earnings per share (USD per share) |
EarningsPerShareBasic
|
$93.25 | USD | 1 Quarter |
| Diluted earnings per share (USD per share) |
EarningsPerShareDiluted
|
$153.03 | USD | 3 Qtrs |
| Diluted earnings per share (USD per share) |
EarningsPerShareDiluted
|
$86.44 | USD | 1 Quarter |
| Diluted earnings per share (USD per share) |
EarningsPerShareDiluted
|
$65.11 | USD | 1 Quarter |
| Diluted earnings per share (USD per share) |
EarningsPerShareDiluted
|
$231.75 | USD | 3 Qtrs |
| Basic weighted average shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
3.56M | shares | 1 Quarter |
| Basic weighted average shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
3.71M | shares | 1 Quarter |
| Basic weighted average shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
3.68M | shares | 3 Qtrs |
| Basic weighted average shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
3.62M | shares | 3 Qtrs |
| Diluted weighted average shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
3.94M | shares | 1 Quarter |
| Diluted weighted average shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
3.90M | shares | 3 Qtrs |
| Diluted weighted average shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
3.89M | shares | 3 Qtrs |
| Diluted weighted average shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
3.84M | shares | 1 Quarter |
Cash Flow Statement
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$902.14M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$332.08M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$596.24M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$256.47M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$14.72M | USD | 3 Qtrs |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$16.80M | USD | 3 Qtrs |
| Equity-based compensation expense |
ShareBasedCompensation
|
$42.86M | USD | 3 Qtrs |
| Equity-based compensation expense |
ShareBasedCompensation
|
$35.56M | USD | 3 Qtrs |
| Contract land deposit and other (recoveries) impairments, net |
ContractLandDepositImpairmentRecoveries
|
$32.75M | USD | 3 Qtrs |
| Contract land deposit and other (recoveries) impairments, net |
ContractLandDepositImpairmentRecoveries
|
$-17.47M | USD | 3 Qtrs |
| Gain on sale of loans, net |
GainLossOnSaleOfMortgageLoans
|
$100.35M | USD | 3 Qtrs |
| Gain on sale of loans, net |
GainLossOnSaleOfMortgageLoans
|
$162.73M | USD | 3 Qtrs |
| Mortgage loans closed |
PaymentsForOriginationOfMortgageLoansHeldForSale
|
$3.66B | USD | 3 Qtrs |
| Mortgage loans closed |
PaymentsForOriginationOfMortgageLoansHeldForSale
|
$4.60B | USD | 3 Qtrs |
| Mortgage loans sold and principal payments on mortgage loans held for sale |
ProceedsFromSaleOfMortgageLoansHeldForSale
|
$4.92B | USD | 3 Qtrs |
| Mortgage loans sold and principal payments on mortgage loans held for sale |
ProceedsFromSaleOfMortgageLoansHeldForSale
|
$3.91B | USD | 3 Qtrs |
| Distribution of earnings from unconsolidated joint ventures |
EquityMethodInvestmentDividendsOrDistributions
|
$7.50M | USD | 3 Qtrs |
| Distribution of earnings from unconsolidated joint ventures |
EquityMethodInvestmentDividendsOrDistributions
|
- | USD | 3 Qtrs |
| Increase in inventory |
IncreaseDecreaseInInventories
|
$416.49M | USD | 3 Qtrs |
| Increase in inventory |
IncreaseDecreaseInInventories
|
$154.44M | USD | 3 Qtrs |
| (Increase) decrease in contract land deposits |
IncreaseDecreaseInDepositsOutstanding
|
$48.15M | USD | 3 Qtrs |
| (Increase) decrease in contract land deposits |
IncreaseDecreaseInDepositsOutstanding
|
$-4.58M | USD | 3 Qtrs |
| Increase in receivables |
IncreaseDecreaseInReceivables
|
$2.35M | USD | 3 Qtrs |
| Increase in receivables |
IncreaseDecreaseInReceivables
|
$3.06M | USD | 3 Qtrs |
| (Decrease) increase in accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$109.92M | USD | 3 Qtrs |
| (Decrease) increase in accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-44.97M | USD | 3 Qtrs |
| Increase in customer deposits |
IncreaseDecreaseInContractWithCustomerLiability
|
$79.24M | USD | 3 Qtrs |
| Increase in customer deposits |
IncreaseDecreaseInContractWithCustomerLiability
|
$140.84M | USD | 3 Qtrs |
| Other, net |
OtherOperatingActivitiesCashFlowStatement
|
$-26.65M | USD | 3 Qtrs |
| Other, net |
OtherOperatingActivitiesCashFlowStatement
|
$-14.78M | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$982.29M | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$579.34M | USD | 3 Qtrs |
| Investments in and advances to unconsolidated joint ventures |
PaymentsToAcquireInterestInJointVenture
|
$861.00K | USD | 3 Qtrs |
| Investments in and advances to unconsolidated joint ventures |
PaymentsToAcquireInterestInJointVenture
|
$435.00K | USD | 3 Qtrs |
| Purchase of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$12.33M | USD | 3 Qtrs |
| Purchase of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$11.95M | USD | 3 Qtrs |
| Proceeds from the sale of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$821.00K | USD | 3 Qtrs |
| Proceeds from the sale of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$665.00K | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-12.10M | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-11.99M | USD | 3 Qtrs |
| Purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
$1.15B | USD | 3 Qtrs |
| Purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
$216.58M | USD | 3 Qtrs |
| Proceeds from senior notes |
ProceedsFromIssuanceOfSeniorLongTermDebt
|
- | USD | 3 Qtrs |
| Proceeds from senior notes |
ProceedsFromIssuanceOfSeniorLongTermDebt
|
$923.90M | USD | 3 Qtrs |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
- | USD | 3 Qtrs |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$4.75M | USD | 3 Qtrs |
| Principal payments on finance lease liabilities |
FinanceLeasePrincipalPayments
|
$1.01M | USD | 3 Qtrs |
| Principal payments on finance lease liabilities |
FinanceLeasePrincipalPayments
|
$347.00K | USD | 1 Quarter |
| Principal payments on finance lease liabilities |
FinanceLeasePrincipalPayments
|
$665.00K | USD | 3 Qtrs |
| Principal payments on finance lease liabilities |
FinanceLeasePrincipalPayments
|
$253.00K | USD | 1 Quarter |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$121.83M | USD | 3 Qtrs |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$162.52M | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$864.43M | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.03B | USD | 3 Qtrs |
| Net (decrease) increase in cash, restricted cash, and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$1.43B | USD | 3 Qtrs |
| Net (decrease) increase in cash, restricted cash, and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-61.72M | USD | 3 Qtrs |
| Cash, restricted cash, and cash equivalents, beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.81B | USD | Point-in-time |
| Cash, restricted cash, and cash equivalents, beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.75B | 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
|
$2.59B | USD | Point-in-time |
| Cash, restricted cash, and cash equivalents, end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.81B | USD | Point-in-time |
| Cash, restricted cash, and cash equivalents, end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.75B | 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
|
$2.59B | USD | Point-in-time |
| Interest paid during the period, net of interest capitalized |
InterestPaidNet
|
$39.47M | USD | 3 Qtrs |
| Interest paid during the period, net of interest capitalized |
InterestPaidNet
|
$24.96M | USD | 3 Qtrs |
| Income taxes paid during the period, net of refunds |
IncomeTaxesPaidNet
|
$289.85M | USD | 3 Qtrs |
| Income taxes paid during the period, net of refunds |
IncomeTaxesPaidNet
|
$86.21M | USD | 3 Qtrs |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.