10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000906163-23-000155 |
| Period End Date | 20230930 |
| Filing Date | 20231103 |
| Fiscal Year | 2023 |
| Fiscal Period | Q3 |
| XBRL Instance | nvr-20230930_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) |
TreasuryStockCommonShares
|
17.34M | shares | Point-in-time |
| Treasury stock (in shares) |
TreasuryStockCommonShares
|
17.35M | shares | Point-in-time |
| Contract land deposits, net |
DepositsAssets
|
$530.17M | USD | Point-in-time |
| Contract land deposits, net |
DepositsAssets
|
$496.08M | USD | Point-in-time |
| Total assets |
Assets
|
$6.37B | USD | Point-in-time |
| Total assets |
Assets
|
$5.66B | USD | Point-in-time |
| Land under development |
InventoryRealEstateLandAndLandDevelopmentCosts
|
$41.24M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$2.20B | 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 September 30, 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 September 30, 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
|
$2.80B | USD | Point-in-time |
| Deferred compensation trust 106,697 shares of NVR, Inc. common stock as of both September 30, 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 September 30, 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
|
$11.77B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$12.95B | USD | Point-in-time |
| Less treasury stock at cost 17,345,353 and 17,336,397 shares as of September 30, 2023 and December 31, 2022, respectively |
TreasuryStockCommonValue
|
$10.87B | USD | Point-in-time |
| Less treasury stock at cost 17,345,353 and 17,336,397 shares as of September 30, 2023 and December 31, 2022, respectively |
TreasuryStockCommonValue
|
$11.58B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$4.15B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$4.17B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$3.51B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$3.08B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$3.00B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$2.99B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$6.37B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$5.66B | USD | Point-in-time |
Income Statement
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
Revenues
|
$2.57B | USD | 1 Quarter |
| Revenues |
Revenues
|
$7.81B | USD | 3 Qtrs |
| Revenues |
Revenues
|
$2.78B | USD | 1 Quarter |
| Revenues |
Revenues
|
$7.09B | USD | 3 Qtrs |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$539.34M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$1.68B | USD | 3 Qtrs |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$1.44B | USD | 3 Qtrs |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$538.51M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$262.79M | USD | 3 Qtrs |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$127.12M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$407.67M | USD | 3 Qtrs |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$106.18M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$411.39M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.18B | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$1.27B | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$433.16M | USD | 1 Quarter |
| Basic earnings per share (USD per share) |
EarningsPerShareBasic
|
$383.68 | USD | 3 Qtrs |
| Basic earnings per share (USD per share) |
EarningsPerShareBasic
|
$125.97 | USD | 1 Quarter |
| Basic earnings per share (USD per share) |
EarningsPerShareBasic
|
$132.92 | USD | 1 Quarter |
| Basic earnings per share (USD per share) |
EarningsPerShareBasic
|
$363.14 | USD | 3 Qtrs |
| Diluted earnings per share (USD per share) |
EarningsPerShareDiluted
|
$341.97 | USD | 3 Qtrs |
| Diluted earnings per share (USD per share) |
EarningsPerShareDiluted
|
$125.26 | USD | 1 Quarter |
| Diluted earnings per share (USD per share) |
EarningsPerShareDiluted
|
$358.61 | USD | 3 Qtrs |
| Diluted earnings per share (USD per share) |
EarningsPerShareDiluted
|
$118.51 | USD | 1 Quarter |
| Basic weighted average shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
3.31M | shares | 3 Qtrs |
| Basic weighted average shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
3.25M | shares | 3 Qtrs |
| Basic weighted average shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
3.27M | shares | 1 Quarter |
| Basic weighted average shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
3.26M | shares | 1 Quarter |
| Diluted weighted average shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
3.46M | shares | 3 Qtrs |
| Diluted weighted average shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
3.54M | shares | 3 Qtrs |
| Diluted weighted average shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
3.46M | shares | 1 Quarter |
| Diluted weighted average shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
3.47M | shares | 1 Quarter |
Cash Flow Statement
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$411.39M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.18B | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$1.27B | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$433.16M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$12.59M | USD | 3 Qtrs |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$13.24M | USD | 3 Qtrs |
| Equity-based compensation expense |
ShareBasedCompensation
|
$58.44M | USD | 3 Qtrs |
| Equity-based compensation expense |
ShareBasedCompensation
|
$73.49M | USD | 3 Qtrs |
| Contract land deposit (recoveries) impairments, net |
ContractLandDepositImpairmentChargesNetOfRecoveries
|
$-6.22M | USD | 3 Qtrs |
| Contract land deposit (recoveries) impairments, net |
ContractLandDepositImpairmentChargesNetOfRecoveries
|
$2.48M | USD | 3 Qtrs |
| Gain on sale of loans, net |
GainLossOnSaleOfMortgageLoans
|
$127.90M | USD | 3 Qtrs |
| Gain on sale of loans, net |
GainLossOnSaleOfMortgageLoans
|
$120.03M | USD | 3 Qtrs |
| Mortgage loans closed |
PaymentsForOriginationOfMortgageLoansHeldForSale
|
$4.24B | USD | 3 Qtrs |
| Mortgage loans closed |
PaymentsForOriginationOfMortgageLoansHeldForSale
|
$4.79B | USD | 3 Qtrs |
| Mortgage loans sold and principal payments on mortgage loans held for sale |
ProceedsFromSaleOfMortgageLoansHeldForSale
|
$4.93B | USD | 3 Qtrs |
| Mortgage loans sold and principal payments on mortgage loans held for sale |
ProceedsFromSaleOfMortgageLoansHeldForSale
|
$4.35B | USD | 3 Qtrs |
| Increase in inventory |
IncreaseDecreaseInInventories
|
$223.08M | USD | 3 Qtrs |
| Increase in inventory |
IncreaseDecreaseInInventories
|
$215.50M | USD | 3 Qtrs |
| Increase in contract land deposits |
IncreaseDecreaseInDepositsOutstanding
|
$26.91M | USD | 3 Qtrs |
| Increase in contract land deposits |
IncreaseDecreaseInDepositsOutstanding
|
$27.87M | USD | 3 Qtrs |
| Increase in receivables |
IncreaseDecreaseInReceivables
|
$69.13M | USD | 3 Qtrs |
| Increase in receivables |
IncreaseDecreaseInReceivables
|
$17.63M | USD | 3 Qtrs |
| (Decrease) increase in accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-5.67M | USD | 3 Qtrs |
| (Decrease) increase in accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$42.09M | USD | 3 Qtrs |
| Increase (decrease) in customer deposits |
IncreaseDecreaseInContractWithCustomerLiability
|
$-41.30M | USD | 3 Qtrs |
| Increase (decrease) in customer deposits |
IncreaseDecreaseInContractWithCustomerLiability
|
$41.51M | USD | 3 Qtrs |
| Other, net |
OtherOperatingActivitiesCashFlowStatement
|
$-12.97M | USD | 3 Qtrs |
| Other, net |
OtherOperatingActivitiesCashFlowStatement
|
$5.13M | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$1.05B | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$1.00B | USD | 3 Qtrs |
| Investments in and advances to unconsolidated joint ventures |
PaymentsToAcquireInterestInJointVenture
|
$1.22M | USD | 3 Qtrs |
| Investments in and advances to unconsolidated joint ventures |
PaymentsToAcquireInterestInJointVenture
|
$9.22M | USD | 3 Qtrs |
| Distribution of capital from unconsolidated joint ventures |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$180.00K | USD | 3 Qtrs |
| Distribution of capital from unconsolidated joint ventures |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
- | USD | 3 Qtrs |
| Purchase of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$18.53M | USD | 3 Qtrs |
| Purchase of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$11.97M | USD | 3 Qtrs |
| Proceeds from the sale of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$2.22M | USD | 3 Qtrs |
| Proceeds from the sale of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$553.00K | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-17.35M | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-20.64M | USD | 3 Qtrs |
| Purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
$1.38B | USD | 3 Qtrs |
| Purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
$795.39M | USD | 3 Qtrs |
| Repayments of Senior Debt |
RepaymentsOfSeniorDebt
|
$600.00M | USD | 3 Qtrs |
| Repayments of Senior Debt |
RepaymentsOfSeniorDebt
|
- | USD | 3 Qtrs |
| Principal payments on finance lease liabilities |
FinanceLeasePrincipalPayments
|
$422.00K | USD | 1 Quarter |
| Principal payments on finance lease liabilities |
FinanceLeasePrincipalPayments
|
$1.23M | USD | 3 Qtrs |
| Principal payments on finance lease liabilities |
FinanceLeasePrincipalPayments
|
$1.11M | USD | 3 Qtrs |
| Principal payments on finance lease liabilities |
FinanceLeasePrincipalPayments
|
$384.00K | USD | 1 Quarter |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$207.16M | USD | 3 Qtrs |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$137.41M | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.85B | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$-589.46M | USD | 3 Qtrs |
| Net increase (decrease) in cash, restricted cash, and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-815.63M | USD | 3 Qtrs |
| Net increase (decrease) in cash, restricted cash, and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$395.48M | USD | 3 Qtrs |
| Cash, restricted cash, and cash equivalents, beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.82B | USD | Point-in-time |
| Cash, restricted cash, and cash equivalents, beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.97B | 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
|
$2.57B | USD | Point-in-time |
| Cash, restricted cash, and cash equivalents, end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.82B | USD | Point-in-time |
| Cash, restricted cash, and cash equivalents, end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.97B | 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
|
$2.57B | USD | Point-in-time |
| Interest paid during the period, net of interest capitalized |
InterestPaidNet
|
$33.48M | USD | 3 Qtrs |
| Interest paid during the period, net of interest capitalized |
InterestPaidNet
|
$15.29M | USD | 3 Qtrs |
| Income taxes paid during the period, net of refunds |
IncomeTaxesPaidNet
|
$403.88M | USD | 3 Qtrs |
| Income taxes paid during the period, net of refunds |
IncomeTaxesPaidNet
|
$312.63M | USD | 3 Qtrs |
| Distribution of earnings from unconsolidated joint ventures |
EquityMethodInvestmentDividendsOrDistributions
|
$7.50M | USD | 3 Qtrs |
| Distribution of earnings from unconsolidated joint ventures |
EquityMethodInvestmentDividendsOrDistributions
|
$2.00M | USD | 3 Qtrs |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.