10-Q Filing

NVR INC CIK: 906163 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0000906163-22-000074`
Period End Date	20220630
Filing Date	20220803
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	nvr-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 39 Income Statement 36 Cash Flow Statement 68

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`	17.11M	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	17.27M	shares	Point-in-time
Contract land deposits, net	`DepositsAssets`	$497.14M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$524.40M	USD	Point-in-time
Total assets	`Assets`	$5.83B	USD	Point-in-time
Total assets	`Assets`	$5.29B	USD	Point-in-time
Land under development	`InventoryRealEstateLandAndLandDevelopmentCosts`	$16.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.30B	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 June 30, 2022 and December 31, 2021	`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, 2022 and December 31, 2021	`CommonStockValue`	$206.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.50B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.38B	USD	Point-in-time
Deferred compensation trust 106,697 shares of NVR, Inc. common stock as of both June 30, 2022 and December 31, 2021	`CommonStockSharesHeldInEmployeeTrust`	$16.71M	USD	Point-in-time
Deferred compensation trust 106,697 shares of NVR, Inc. common stock as of both June 30, 2022 and December 31, 2021	`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`	$10.91B	USD	Point-in-time
Less treasury stock at cost 17,271,177 and 17,107,889 shares as of June 30, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$10.41B	USD	Point-in-time
Less treasury stock at cost 17,271,177 and 17,107,889 shares as of June 30, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$9.42B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.99B	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`	$2.73B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$3.00B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$3.05B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$5.83B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$5.29B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$4.33B	USD	2 Qtrs
Revenues	`Revenues`	$5.04B	USD	2 Qtrs
Revenues	`Revenues`	$2.66B	USD	1 Quarter
Revenues	`Revenues`	$2.28B	USD	1 Quarter
Interest expense	`InterestExpense`	$12.26M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.27M	USD	1 Quarter
Interest expense	`InterestExpense`	$25.42M	USD	2 Qtrs
Interest expense	`InterestExpense`	$26.67M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$729.47M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$417.46M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.14B	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$574.01M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$159.41M	USD	2 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$96.17M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$280.54M	USD	2 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$140.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$433.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$859.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$321.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$570.06M	USD	2 Qtrs
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$131.84	USD	1 Quarter
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$257.65	USD	2 Qtrs
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$156.27	USD	2 Qtrs
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$88.69	USD	1 Quarter
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$123.65	USD	1 Quarter
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$82.45	USD	1 Quarter
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$240.05	USD	2 Qtrs
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$145.53	USD	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.65M	shares	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.29M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.62M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.34M	shares	2 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.92M	shares	2 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.50M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.58M	shares	2 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.90M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$433.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$859.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$321.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$570.06M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.04M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.99M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$13.38M	USD	1 Quarter
Equity-based compensation expense	`ShareBasedCompensation`	$31.75M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$27.85M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$20.09M	USD	1 Quarter
Contract land deposit recoveries, net	`ContractLandDepositImpairmentRecoveries`	$-6.34M	USD	2 Qtrs
Contract land deposit recoveries, net	`ContractLandDepositImpairmentRecoveries`	$-13.36M	USD	2 Qtrs
Gain on sale of loans, net	`GainLossOnSaleOfMortgageLoans`	$115.15M	USD	2 Qtrs
Gain on sale of loans, net	`GainLossOnSaleOfMortgageLoans`	$94.81M	USD	2 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$2.98B	USD	2 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$3.13B	USD	2 Qtrs
Mortgage loans sold and principal payments on mortgage loans held for sale	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$3.20B	USD	2 Qtrs
Mortgage loans sold and principal payments on mortgage loans held for sale	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$3.19B	USD	2 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$431.38M	USD	2 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$264.29M	USD	2 Qtrs
Increase in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$24.32M	USD	2 Qtrs
Increase in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$20.92M	USD	2 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$4.33M	USD	2 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$16.39M	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.94M	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$25.72M	USD	2 Qtrs
Increase in customer deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$21.66M	USD	2 Qtrs
Increase in customer deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$124.69M	USD	2 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-16.26M	USD	2 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$2.78M	USD	2 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$521.02M	USD	2 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$447.21M	USD	2 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$659.00K	USD	2 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$9.22M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.62M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.75M	USD	2 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$346.00K	USD	2 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$657.00K	USD	2 Qtrs
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.63M	USD	2 Qtrs
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.62M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$1.02B	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$754.37M	USD	2 Qtrs
Repayments of Senior Debt	`RepaymentsOfSeniorDebt`	$600.00M	USD	2 Qtrs
Repayments of Senior Debt	`RepaymentsOfSeniorDebt`	-	USD	2 Qtrs
Principal payments on finance lease liabilities	`FinanceLeasePrincipalPayments`	$331.00K	USD	1 Quarter
Principal payments on finance lease liabilities	`FinanceLeasePrincipalPayments`	$367.00K	USD	1 Quarter
Principal payments on finance lease liabilities	`FinanceLeasePrincipalPayments`	$723.00K	USD	2 Qtrs
Principal payments on finance lease liabilities	`FinanceLeasePrincipalPayments`	$661.00K	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$113.82M	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$95.67M	USD	2 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-659.35M	USD	2 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.50B	USD	2 Qtrs
Net decrease in cash, restricted cash, and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-144.96M	USD	2 Qtrs
Net decrease in cash, restricted cash, and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.07B	USD	2 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`	$2.64B	USD	Point-in-time
Cash, restricted cash, and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.66B	USD	Point-in-time
Cash, restricted cash, and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.56B	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`	$2.64B	USD	Point-in-time
Cash, restricted cash, and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.66B	USD	Point-in-time
Cash, restricted cash, and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.56B	USD	Point-in-time
Interest paid during the period, net of interest capitalized	`InterestPaidNet`	$32.63M	USD	2 Qtrs
Interest paid during the period, net of interest capitalized	`InterestPaidNet`	$26.88M	USD	2 Qtrs
Income taxes paid during the period, net of refunds	`IncomeTaxesPaidNet`	$172.56M	USD	2 Qtrs
Income taxes paid during the period, net of refunds	`IncomeTaxesPaidNet`	$291.72M	USD	2 Qtrs
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$5.50M	USD	2 Qtrs
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$4.00M	USD	2 Qtrs

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