10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000906163-23-000048 |
| Period End Date | 20230331 |
| Filing Date | 20230502 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | nvr-20230331_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 (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) |
TreasuryStockCommonShares
|
17.34M | shares | Point-in-time |
| Treasury stock (in shares) |
TreasuryStockCommonShares
|
17.31M | shares | Point-in-time |
| Contract land deposits, net |
DepositsAssets
|
$501.67M | USD | Point-in-time |
| Contract land deposits, net |
DepositsAssets
|
$496.08M | USD | Point-in-time |
| Total assets |
Assets
|
$5.66B | USD | Point-in-time |
| Total assets |
Assets
|
$6.08B | USD | Point-in-time |
| Land under development |
InventoryRealEstateLandAndLandDevelopmentCosts
|
$28.81M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$2.23B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$2.15B | 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, 2023 and December 31, 2022 |
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, 2023 and December 31, 2022 |
CommonStockValue
|
$206.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$2.60B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$2.68B | USD | Point-in-time |
| Deferred compensation trust 106,697 shares of NVR, Inc. common stock as of both March 31, 2023 and December 31, 2022 |
CommonStockSharesHeldInEmployeeTrust
|
$16.71M | USD | Point-in-time |
| Deferred compensation trust 106,697 shares of NVR, Inc. common stock as of both March 31, 2023 and December 31, 2022 |
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
|
$12.12B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$11.77B | USD | Point-in-time |
| Less treasury stock at cost 17,313,580 and 17,336,397 shares as of March 31, 2023 and December 31, 2022, respectively |
TreasuryStockValue
|
$10.87B | USD | Point-in-time |
| Less treasury stock at cost 17,313,580 and 17,336,397 shares as of March 31, 2023 and December 31, 2022, respectively |
TreasuryStockValue
|
$10.95B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$3.00B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$2.73B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$3.51B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$3.85B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$5.66B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$6.08B | USD | Point-in-time |
Income Statement
18 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
Revenues
|
$2.38B | USD | 1 Quarter |
| Revenues |
Revenues
|
$2.18B | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$7.26M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$13.17M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$565.95M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$433.81M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$139.84M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$89.46M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$426.10M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$344.35M | USD | 1 Quarter |
| Basic earnings per share (USD per share) |
EarningsPerShareBasic
|
$106.31 | USD | 1 Quarter |
| Basic earnings per share (USD per share) |
EarningsPerShareBasic
|
$125.87 | USD | 1 Quarter |
| Diluted earnings per share (USD per share) |
EarningsPerShareDiluted
|
$116.56 | USD | 1 Quarter |
| Diluted earnings per share (USD per share) |
EarningsPerShareDiluted
|
$99.89 | USD | 1 Quarter |
| Basic weighted average shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
3.39M | shares | 1 Quarter |
| Basic weighted average shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
3.24M | shares | 1 Quarter |
| Diluted weighted average shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
3.66M | shares | 1 Quarter |
| Diluted weighted average shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
3.45M | shares | 1 Quarter |
Cash Flow Statement
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$426.10M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$344.35M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$4.46M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$4.19M | USD | 1 Quarter |
| Equity-based compensation expense |
ShareBasedCompensation
|
$11.67M | USD | 1 Quarter |
| Equity-based compensation expense |
ShareBasedCompensation
|
$22.28M | USD | 1 Quarter |
| Contract land deposit recoveries, net |
ContractLandDepositImpairmentRecoveries
|
$-5.92M | USD | 1 Quarter |
| Contract land deposit recoveries, net |
ContractLandDepositImpairmentRecoveries
|
$-3.07M | USD | 1 Quarter |
| Gain on sale of loans, net |
GainLossOnSaleOfMortgageLoans
|
$57.98M | USD | 1 Quarter |
| Gain on sale of loans, net |
GainLossOnSaleOfMortgageLoans
|
$37.27M | USD | 1 Quarter |
| Mortgage loans closed |
PaymentsForOriginationOfMortgageLoansHeldForSale
|
$1.48B | USD | 1 Quarter |
| Mortgage loans closed |
PaymentsForOriginationOfMortgageLoansHeldForSale
|
$1.24B | USD | 1 Quarter |
| Mortgage loans sold and principal payments on mortgage loans held for sale |
ProceedsFromSaleOfMortgageLoansHeldForSale
|
$1.51B | USD | 1 Quarter |
| Mortgage loans sold and principal payments on mortgage loans held for sale |
ProceedsFromSaleOfMortgageLoansHeldForSale
|
$1.24B | USD | 1 Quarter |
| Increase in inventory |
IncreaseDecreaseInInventories
|
$77.27M | USD | 1 Quarter |
| Increase in inventory |
IncreaseDecreaseInInventories
|
$246.27M | USD | 1 Quarter |
| Increase in contract land deposits |
IncreaseDecreaseInDepositsOutstanding
|
$8.98M | USD | 1 Quarter |
| Increase in contract land deposits |
IncreaseDecreaseInDepositsOutstanding
|
$2.52M | USD | 1 Quarter |
| Decrease (increase) in receivables |
IncreaseDecreaseInReceivables
|
$-9.80M | USD | 1 Quarter |
| Decrease (increase) in receivables |
IncreaseDecreaseInReceivables
|
$13.78M | USD | 1 Quarter |
| Increase in accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$127.08M | USD | 1 Quarter |
| Increase in accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$50.61M | USD | 1 Quarter |
| Increase in customer deposits |
IncreaseDecreaseInContractWithCustomerLiability
|
$21.43M | USD | 1 Quarter |
| Increase in customer deposits |
IncreaseDecreaseInContractWithCustomerLiability
|
$35.72M | USD | 1 Quarter |
| Other, net |
OtherOperatingActivitiesCashFlowStatement
|
$8.16M | USD | 1 Quarter |
| Other, net |
OtherOperatingActivitiesCashFlowStatement
|
$-18.75M | USD | 1 Quarter |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$315.52M | USD | 1 Quarter |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$309.33M | USD | 1 Quarter |
| Investments in and advances to unconsolidated joint ventures |
PaymentsToAcquireInterestInJointVenture
|
$565.00K | USD | 1 Quarter |
| Investments in and advances to unconsolidated joint ventures |
PaymentsToAcquireInterestInJointVenture
|
$472.00K | USD | 1 Quarter |
| Distribution of capital from unconsolidated joint ventures |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$180.00K | USD | 1 Quarter |
| Distribution of capital from unconsolidated joint ventures |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
- | USD | 1 Quarter |
| Purchase of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.71M | USD | 1 Quarter |
| Purchase of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$4.06M | USD | 1 Quarter |
| Proceeds from the sale of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$210.00K | USD | 1 Quarter |
| Proceeds from the sale of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$184.00K | USD | 1 Quarter |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-4.32M | USD | 1 Quarter |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-2.92M | USD | 1 Quarter |
| Purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
$110.05M | USD | 1 Quarter |
| Purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
$748.79M | USD | 1 Quarter |
| Principal payments on finance lease liabilities |
FinanceLeasePrincipalPayments
|
$356.00K | USD | 1 Quarter |
| Principal payments on finance lease liabilities |
FinanceLeasePrincipalPayments
|
$400.00K | USD | 1 Quarter |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$34.24M | USD | 1 Quarter |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$81.92M | USD | 1 Quarter |
| Net Cash Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$-28.53M | USD | 1 Quarter |
| Net Cash Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$-714.90M | USD | 1 Quarter |
| Net increase (decrease) in cash, restricted cash, and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-409.89M | USD | 1 Quarter |
| Net increase (decrease) in cash, restricted cash, and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$284.07M | USD | 1 Quarter |
| Cash, restricted cash, and cash equivalents, beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.57B | USD | Point-in-time |
| Cash, restricted cash, and cash equivalents, beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.86B | USD | Point-in-time |
| Cash, restricted cash, and cash equivalents, beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.23B | 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, end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.57B | USD | Point-in-time |
| Cash, restricted cash, and cash equivalents, end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.86B | USD | Point-in-time |
| Cash, restricted cash, and cash equivalents, end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.23B | USD | Point-in-time |
| Cash, restricted cash, and cash equivalents, end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.64B | USD | Point-in-time |
| Interest paid during the period, net of interest capitalized |
InterestPaidNet
|
$12.52M | USD | 1 Quarter |
| Interest paid during the period, net of interest capitalized |
InterestPaidNet
|
$859.00K | USD | 1 Quarter |
| Income taxes paid during the period, net of refunds |
IncomeTaxesPaidNet
|
$5.42M | USD | 1 Quarter |
| Income taxes paid during the period, net of refunds |
IncomeTaxesPaidNet
|
$2.54M | USD | 1 Quarter |
| Distribution of earnings from unconsolidated joint ventures |
EquityMethodInvestmentDividendsOrDistributions
|
$1.00M | USD | 1 Quarter |
| Distribution of earnings from unconsolidated joint ventures |
EquityMethodInvestmentDividendsOrDistributions
|
$2.00M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.