10-Q Filing

NVR INC CIK: 906163 Q2 2010

Filing Information

Form Type	10-Q
Accession Number	`0000950123-10-071166`
Period End Date	20100630
Filing Date	20100802
Fiscal Year	2010
Fiscal Period	Q2
XBRL Instance	nvr-20100630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 34 Income Statement 28 Cash Flow Statement 70

Balance Sheet 34 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	`DeferredCompensationTrustShares`	158,894.00	shares	Point-in-time
Deferred compensation trust, shares	`DeferredCompensationTrustShares`	265,278.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	14.64M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	14.61M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.15B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$583.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.25B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.09B	USD	Point-in-time
Total assets	`Assets`	$2.40B	USD	Point-in-time
Total assets	`Assets`	$2.36B	USD	Point-in-time
Total liabilities	`Liabilities`	$638.51M	USD	Point-in-time
Total liabilities	`Liabilities`	$543.97M	USD	Point-in-time
Common stock, $0.01 par value; 60,000,000 shares authorized; 20,559,671 shares issued as of both June 30, 2010 and December 31, 2009	`CommonStockValue`	$206.00K	USD	Point-in-time
Common stock, $0.01 par value; 60,000,000 shares authorized; 20,559,671 shares issued as of both June 30, 2010 and December 31, 2009	`CommonStockValue`	$206.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$914.59M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$830.53M	USD	Point-in-time
Deferred compensation trust - 158,894 and 265,278 shares of NVR, Inc. common stock as of June 30, 2010 and December 31, 2009, respectively	`CommonStockSharesHeldInEmployeeTrust`	$40.80M	USD	Point-in-time
Deferred compensation trust - 158,894 and 265,278 shares of NVR, Inc. common stock as of June 30, 2010 and December 31, 2009, respectively	`CommonStockSharesHeldInEmployeeTrust`	$27.58M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$40.80M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$27.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.82B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.93B	USD	Point-in-time
Less treasury stock at cost - 14,635,123 and 14,609,560 shares at June 30, 2010 and December 31, 2009, respectively	`TreasuryStockValue`	$2.90B	USD	Point-in-time
Less treasury stock at cost - 14,635,123 and 14,609,560 shares at June 30, 2010 and December 31, 2009, respectively	`TreasuryStockValue`	$3.03B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.76B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.82B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.40B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.36B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$69.83M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$100.45M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$118.26M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$170.99M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$41.03M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$67.63M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$46.98M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$28.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$71.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$103.36M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$59.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$41.43M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$10.41	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$7.17	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$16.96	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$11.64	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$11.13	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$9.85	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$16.15	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$6.79	USD	1 Quarter
Basic average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	5.71M	shares	2 Qtrs
Basic average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	6.09M	shares	2 Qtrs
Basic average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	6.12M	shares	1 Quarter
Basic average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	5.78M	shares	1 Quarter
Diluted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.10M	shares	1 Quarter
Diluted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.40M	shares	2 Qtrs
Diluted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.41M	shares	1 Quarter
Diluted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.03M	shares	2 Qtrs

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$71.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$103.36M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$59.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$41.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationExpense`	$3.73M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortizationExpense`	$4.98M	USD	2 Qtrs
Excess income tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$58.56M	USD	2 Qtrs
Excess income tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$46.45M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$23.40M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$20.83M	USD	2 Qtrs
Contract land deposit recoveries	`ContractLandDepositImpairmentsRecoveries`	$-4.74M	USD	2 Qtrs
Contract land deposit recoveries	`ContractLandDepositImpairmentsRecoveries`	$-949.00K	USD	2 Qtrs
Gain on sale of loans	`GainLossOnSaleOfMortgageLoans`	$22.98M	USD	2 Qtrs
Gain on sale of loans	`GainLossOnSaleOfMortgageLoans`	$17.34M	USD	2 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$849.86M	USD	2 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$1.07B	USD	2 Qtrs
Proceeds from sales of mortgage loans	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$813.48M	USD	2 Qtrs
Proceeds from sales of mortgage loans	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$895.49M	USD	2 Qtrs
Principal payments on mortgage loans held for sale	`ProceedsFromCollectionOfMortgageLoansHeldForSale`	$330.00K	USD	2 Qtrs
Principal payments on mortgage loans held for sale	`ProceedsFromCollectionOfMortgageLoansHeldForSale`	$429.00K	USD	2 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$60.00M	USD	2 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$1.98M	USD	2 Qtrs
(Increase) decrease in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$19.26M	USD	2 Qtrs
(Increase) decrease in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$-1.84M	USD	2 Qtrs
(Increase) decrease in receivables	`IncreaseDecreaseInReceivables`	$-2.53M	USD	2 Qtrs
(Increase) decrease in receivables	`IncreaseDecreaseInReceivables`	$6.17M	USD	2 Qtrs
Increase in accounts payable, accrued expenses and customer deposits	`IncreaseDecreaseInAccountsPayableCustomerDepositsAndAccruedExpenses`	$31.59M	USD	2 Qtrs
Increase in accounts payable, accrued expenses and customer deposits	`IncreaseDecreaseInAccountsPayableCustomerDepositsAndAccruedExpenses`	$91.16M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.85M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-18.35M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-22.39M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-66.31M	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireHeldToMaturitySecurities`	$708.36M	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireHeldToMaturitySecurities`	$150.00M	USD	2 Qtrs
Redemption of marketable securities at maturity	`ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities`	$194.53M	USD	2 Qtrs
Redemption of marketable securities at maturity	`ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities`	$50.00M	USD	2 Qtrs
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$2.00M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.92M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$625.00K	USD	2 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$265.00K	USD	2 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$618.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$39.88M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-658.37M	USD	2 Qtrs
Net borrowings under notes payable and credit lines	`NetBorrowingsUnderNotesPayableAndCreditLines`	$52.34M	USD	2 Qtrs
Net borrowings under notes payable and credit lines	`NetBorrowingsUnderNotesPayableAndCreditLines`	$66.51M	USD	2 Qtrs
Redemption of senior notes	`RepaymentsOfSeniorDebt`	$133.37M	USD	2 Qtrs
Redemption of senior notes	`RepaymentsOfSeniorDebt`	$27.95M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$176.08M	USD	2 Qtrs
Excess income tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$46.45M	USD	2 Qtrs
Excess income tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$58.56M	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$45.55M	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$51.54M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$116.39M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-132.84M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-159.27M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-564.38M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.15B	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$583.27M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.25B	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.09B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.15B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$583.27M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.25B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.09B	USD	Point-in-time
Interest paid during the period	`InterestPaidNet`	$4.53M	USD	2 Qtrs
Interest paid during the period	`InterestPaidNet`	$5.26M	USD	2 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$-34.30M	USD	2 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$9.71M	USD	2 Qtrs
Investment in newly formed consolidated joint venture	`InvestmentInNewlyFormedConsolidatedJointVenture`	$-23.78M	USD	2 Qtrs
Change in net consolidated variable interest entities	`VariableInterestEntityChangeInCarryingAmountOfAssetsNet`	$-188.00K	USD	2 Qtrs

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