10-K Filing

NVR INC CIK: 906163 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0000906163-22-000008`
Period End Date	20211231
Filing Date	20220216
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	nvr-20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 39 Income Statement 27 Cash Flow Statement 101 Stockholders Equity 20

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`	106,697.00	shares	Point-in-time
Deferred compensation trust, shares	`CommonStockSharesHeldInEmployeeTrustShares`	106,697.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	16.86M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	17.11M	shares	Point-in-time
Land under development	`InventoryRealEstateLandAndLandDevelopmentCosts`	$62.79M	USD	Point-in-time
Land under development	`InventoryRealEstateLandAndLandDevelopmentCosts`	$12.15M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$387.63M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$497.14M	USD	Point-in-time
Total assets	`Assets`	$5.78B	USD	Point-in-time
Total assets	`Assets`	$5.83B	USD	Point-in-time
Operating Lease, Liability	`OperatingLeaseLiability`	$74.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.67B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.83B	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 December 31, 2017 and December 31, 2016	`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 December 31, 2017 and December 31, 2016	`CommonStockValue`	$206.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.21B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.38B	USD	Point-in-time
Deferred compensation trust 108,640 shares of NVR, Inc. common stock as of both December 31, 2017 and December 31, 2016	`CommonStockSharesHeldInEmployeeTrust`	$16.71M	USD	Point-in-time
Deferred compensation trust 108,640 shares of NVR, Inc. common stock as of both December 31, 2017 and December 31, 2016	`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`	$10.05B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$8.81B	USD	Point-in-time
Less treasury stock at cost 16,864,324 and 16,862,327 shares as of December 31, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$7.92B	USD	Point-in-time
Less treasury stock at cost 16,864,324 and 16,862,327 shares as of December 31, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$9.42B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.81B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.34B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$3.10B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$3.00B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$5.83B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$5.78B	USD	Point-in-time

Income Statement 27 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$8.95B	USD	Annual
Revenues	`Revenues`	$7.39B	USD	Annual
Revenues	`Revenues`	$7.54B	USD	Annual
Interest expense	`InterestExpense`	$40.87M	USD	Annual
Interest expense	`InterestExpense`	$25.38M	USD	Annual
Interest expense	`InterestExpense`	$53.12M	USD	Annual
Profit before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.59B	USD	Annual
Profit before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.03B	USD	Annual
Profit before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.08B	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$176.78M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$353.68M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$147.26M	USD	Annual
Net income	`NetIncomeLoss`	$878.54M	USD	Annual
Net income	`NetIncomeLoss`	$1.24B	USD	Annual
Net income	`NetIncomeLoss`	$901.25M	USD	Annual
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$241.31	USD	Annual
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$244.11	USD	Annual
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$345.37	USD	Annual
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$320.48	USD	Annual
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$230.11	USD	Annual
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$221.13	USD	Annual
Basic weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.58M	shares	Annual
Basic weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.69M	shares	Annual
Basic weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.64M	shares	Annual
Diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.92M	shares	Annual
Diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.86M	shares	Annual
Diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.97M	shares	Annual

Cash Flow Statement 101 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$878.54M	USD	Annual
Net income	`NetIncomeLoss`	$1.24B	USD	Annual
Net income	`NetIncomeLoss`	$901.25M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.99M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$20.82M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.46M	USD	Annual
Equity-based compensation expense	`ShareBasedCompensation`	$78.53M	USD	Annual
Equity-based compensation expense	`ShareBasedCompensation`	$58.23M	USD	Annual
Equity-based compensation expense	`ShareBasedCompensation`	$50.79M	USD	Annual
Contract land deposit (recoveries) impairments and other impairments, net	`ContractLandDepositImpairmentRecoveries`	$-680.00K	USD	Annual
Contract land deposit (recoveries) impairments and other impairments, net	`ContractLandDepositImpairmentRecoveries`	$-20.83M	USD	Annual
Contract land deposit (recoveries) impairments and other impairments, net	`ContractLandDepositImpairmentRecoveries`	$28.08M	USD	Annual
Gain on sale of loans, net	`GainLossOnSaleOfMortgageLoans`	$168.72M	USD	Annual
Gain on sale of loans, net	`GainLossOnSaleOfMortgageLoans`	$128.64M	USD	Annual
Gain on sale of loans, net	`GainLossOnSaleOfMortgageLoans`	$205.58M	USD	Annual
Deferred tax (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-4.07M	USD	Annual
Deferred tax (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-17.57M	USD	Annual
Deferred tax (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-234.00K	USD	Annual
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$5.32B	USD	Annual
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$5.17B	USD	Annual
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$6.08B	USD	Annual
Mortgage loans sold and principal payments on mortgage loans held for sale	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$5.54B	USD	Annual
Mortgage loans sold and principal payments on mortgage loans held for sale	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$6.42B	USD	Annual
Mortgage loans sold and principal payments on mortgage loans held for sale	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$5.26B	USD	Annual
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$3.48M	USD	Annual
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$9.50M	USD	Annual
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$1.43M	USD	Annual
Increase in inventory	`IncreaseDecreaseInInventories`	$94.18M	USD	Annual
Increase in inventory	`IncreaseDecreaseInInventories`	$362.38M	USD	Annual
Increase in inventory	`IncreaseDecreaseInInventories`	$238.28M	USD	Annual
(Increase) decrease in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$16.99M	USD	Annual
(Increase) decrease in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$87.37M	USD	Annual
(Increase) decrease in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$-519.00K	USD	Annual
Decrease (increase) in receivables	`IncreaseDecreaseInReceivables`	$1.68M	USD	Annual
Decrease (increase) in receivables	`IncreaseDecreaseInReceivables`	$-1.96M	USD	Annual
Decrease (increase) in receivables	`IncreaseDecreaseInReceivables`	$-2.75M	USD	Annual
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-19.95M	USD	Annual
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$168.67M	USD	Annual
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$33.93M	USD	Annual
Increase (Decrease) in Contract with Customer, Liability	`IncreaseDecreaseInContractWithCustomerLiability`	$176.71M	USD	Annual
Increase (Decrease) in Contract with Customer, Liability	`IncreaseDecreaseInContractWithCustomerLiability`	$108.87M	USD	Annual
Increase (Decrease) in Contract with Customer, Liability	`IncreaseDecreaseInContractWithCustomerLiability`	$-6.36M	USD	Annual
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$8.24M	USD	Annual
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-18.63M	USD	Annual
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-32.68M	USD	Annual
Operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.24B	USD	Annual
Operating activities	`NetCashProvidedByUsedInOperatingActivities`	$925.27M	USD	Annual
Operating activities	`NetCashProvidedByUsedInOperatingActivities`	$866.53M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.24B	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$925.27M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$866.53M	USD	Annual
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$702.00K	USD	Annual
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$435.00K	USD	Annual
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$1.28M	USD	Annual
Distribution of capital from unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$11.62M	USD	Annual
Distribution of capital from unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$8.25M	USD	Annual
Distribution of capital from unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	-	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.70M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.12M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.88M	USD	Annual
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$978.00K	USD	Annual
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$996.00K	USD	Annual
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.87M	USD	Annual
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.28M	USD	Annual
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.18M	USD	Annual
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.93M	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$371.08M	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$1.54B	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$698.42M	USD	Annual
Proceeds from Issuance of Senior Long-term Debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	Annual
Proceeds from Issuance of Senior Long-term Debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	Annual
Proceeds from Issuance of Senior Long-term Debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$923.90M	USD	Annual
Payments of Debt Issuance Costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Payments of Debt Issuance Costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Payments of Debt Issuance Costs	`PaymentsOfDebtIssuanceCosts`	$5.06M	USD	Annual
Finance Lease, Principal Payments	`FinanceLeasePrincipalPayments`	$306.00K	USD	Annual
Finance Lease, Principal Payments	`FinanceLeasePrincipalPayments`	$1.36M	USD	Annual
Finance Lease, Principal Payments	`FinanceLeasePrincipalPayments`	$989.00K	USD	Annual
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$180.87M	USD	Annual
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$274.03M	USD	Annual
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$142.37M	USD	Annual
Financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-424.69M	USD	Annual
Financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.40B	USD	Annual
Financing activities	`NetCashProvidedByUsedInFinancingActivities`	$727.64M	USD	Annual
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-172.80M	USD	Annual
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.65B	USD	Annual
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$428.56M	USD	Annual
Cash, restricted cash, and cash equivalents, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.16B	USD	Point-in-time
Cash, restricted cash, and cash equivalents, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.64B	USD	Point-in-time
Cash, restricted cash, and cash equivalents, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.81B	USD	Point-in-time
Cash, restricted cash, and cash equivalents, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$732.25M	USD	Point-in-time
Cash, restricted cash, and cash equivalents, end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.16B	USD	Point-in-time
Cash, restricted cash, and cash equivalents, end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.64B	USD	Point-in-time
Cash, restricted cash, and cash equivalents, end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.81B	USD	Point-in-time
Cash, restricted cash, and cash equivalents, end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$732.25M	USD	Point-in-time
Interest paid during the year, net of interest capitalized	`InterestPaidNet`	$53.68M	USD	Annual
Interest paid during the year, net of interest capitalized	`InterestPaidNet`	$24.45M	USD	Annual
Interest paid during the year, net of interest capitalized	`InterestPaidNet`	$36.80M	USD	Annual
Income taxes paid during the year, net of refunds	`IncomeTaxesPaidNet`	$389.38M	USD	Annual
Income taxes paid during the year, net of refunds	`IncomeTaxesPaidNet`	$153.91M	USD	Annual
Income taxes paid during the year, net of refunds	`IncomeTaxesPaidNet`	$163.08M	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$1.81B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$2.34B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$3.10B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$3.00B	USD	Point-in-time
Net income	`NetIncomeLoss`	$878.54M	USD	Annual
Net income	`NetIncomeLoss`	$1.24B	USD	Annual
Net income	`NetIncomeLoss`	$901.25M	USD	Annual
Purchase of common stock for treasury	`TreasuryStockValueAcquiredCostMethod`	$1.54B	USD	Annual
Purchase of common stock for treasury	`TreasuryStockValueAcquiredCostMethod`	$698.42M	USD	Annual
Purchase of common stock for treasury	`TreasuryStockValueAcquiredCostMethod`	$371.08M	USD	Annual
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$58.23M	USD	Annual
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$50.79M	USD	Annual
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$78.53M	USD	Annual
Proceeds from stock options exercised	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$274.03M	USD	Annual
Proceeds from stock options exercised	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$142.37M	USD	Annual
Proceeds from stock options exercised	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$180.87M	USD	Annual
Ending Balance	`StockholdersEquity`	$1.81B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$2.34B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$3.10B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$3.00B	USD	Point-in-time

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