10-Q Filing

NVR INC CIK: 906163 Q3 2010

Filing Information

Form Type	10-Q
Accession Number	`0000950123-10-100067`
Period End Date	20100930
Filing Date	20101103
Fiscal Year	2010
Fiscal Period	Q3
XBRL Instance	nvr-20100930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 34 Income Statement 28 Cash Flow Statement 72

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`	14.93M	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`	$1.25B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.12B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.06B	USD	Point-in-time
Total assets	`Assets`	$2.40B	USD	Point-in-time
Total assets	`Assets`	$2.25B	USD	Point-in-time
Total liabilities	`Liabilities`	$563.14M	USD	Point-in-time
Total liabilities	`Liabilities`	$638.51M	USD	Point-in-time
Common stock, $0.01 par value; 60,000,000 shares authorized; 20,559,671 shares issued as of both September 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 September 30, 2010 and December 31, 2009	`CommonStockValue`	$206.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$830.53M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$937.62M	USD	Point-in-time
Deferred compensation trust - 158,894 and 265,278 shares of NVR, Inc. common stock as of September 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 September 30, 2010 and December 31, 2009, respectively	`CommonStockSharesHeldInEmployeeTrust`	$27.58M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$27.58M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$40.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.97B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.82B	USD	Point-in-time
Less treasury stock at cost - 14,928,791 and 14,609,560 shares at September 30, 2010 and December 31, 2009, respectively	`TreasuryStockValue`	$3.22B	USD	Point-in-time
Less treasury stock at cost - 14,928,791 and 14,609,560 shares at September 30, 2010 and December 31, 2009, respectively	`TreasuryStockValue`	$2.90B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.69B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.76B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.25B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.40B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$113.44M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$235.88M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$213.89M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$64.89M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$41.31M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$82.35M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$88.57M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$20.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$147.31M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$131.54M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$72.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.94M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$24.64	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$7.65	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$12.29	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$22.83	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$11.59	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$7.31	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$21.57	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$23.49	USD	3 Qtrs
Basic average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	5.75M	shares	1 Quarter
Basic average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	5.87M	shares	1 Quarter
Basic average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	5.98M	shares	3 Qtrs
Basic average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	5.76M	shares	3 Qtrs
Diluted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.01M	shares	1 Quarter
Diluted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.10M	shares	3 Qtrs
Diluted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.22M	shares	1 Quarter
Diluted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.27M	shares	3 Qtrs

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$147.31M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$131.54M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$72.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.94M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.55M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.70M	USD	3 Qtrs
Excess income tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$61.66M	USD	3 Qtrs
Excess income tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$58.66M	USD	3 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$34.85M	USD	3 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$40.75M	USD	3 Qtrs
Contract land deposit recoveries	`ContractLandDepositImpairmentsRecoveries`	$-5.71M	USD	3 Qtrs
Contract land deposit recoveries	`ContractLandDepositImpairmentsRecoveries`	$-651.00K	USD	3 Qtrs
Gain on sale of loans	`GainLossOnSaleOfMortgageLoans`	$35.00M	USD	3 Qtrs
Gain on sale of loans	`GainLossOnSaleOfMortgageLoans`	$33.77M	USD	3 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$1.54B	USD	3 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$1.43B	USD	3 Qtrs
Proceeds from sales of mortgage loans	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$1.45B	USD	3 Qtrs
Proceeds from sales of mortgage loans	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$1.42B	USD	3 Qtrs
Principal payments on mortgage loans held for sale	`ProceedsFromCollectionOfMortgageLoansHeldForSale`	$1.56M	USD	3 Qtrs
Principal payments on mortgage loans held for sale	`ProceedsFromCollectionOfMortgageLoansHeldForSale`	$1.57M	USD	3 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$140.28M	USD	3 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$78.27M	USD	3 Qtrs
(Increase) decrease in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$39.17M	USD	3 Qtrs
(Increase) decrease in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$-2.67M	USD	3 Qtrs
(Increase) decrease in receivables	`IncreaseDecreaseInReceivables`	$-2.55M	USD	3 Qtrs
(Increase) decrease in receivables	`IncreaseDecreaseInReceivables`	$1.90M	USD	3 Qtrs
Increase in accounts payable, accrued expenses and customer deposits	`IncreaseDecreaseInAccountsPayableCustomerDepositsAndAccruedExpenses`	$88.28M	USD	3 Qtrs
Increase in accounts payable, accrued expenses and customer deposits	`IncreaseDecreaseInAccountsPayableCustomerDepositsAndAccruedExpenses`	$89.19M	USD	3 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-5.43M	USD	3 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-33.00M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-85.60M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$117.94M	USD	3 Qtrs
Purchase of marketable securities	`PaymentsToAcquireHeldToMaturitySecurities`	$808.36M	USD	3 Qtrs
Purchase of marketable securities	`PaymentsToAcquireHeldToMaturitySecurities`	$150.00M	USD	3 Qtrs
Redemption of marketable securities at maturity	`ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities`	$548.96M	USD	3 Qtrs
Redemption of marketable securities at maturity	`ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities`	$344.54M	USD	3 Qtrs
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$2.00M	USD	3 Qtrs
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$22.00M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.31M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.55M	USD	3 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$506.00K	USD	3 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$753.00K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$188.73M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-282.20M	USD	3 Qtrs
Net borrowings under notes payable and credit lines	`NetBorrowingsUnderNotesPayableAndCreditLines`	$30.83M	USD	3 Qtrs
Net borrowings under notes payable and credit lines	`NetBorrowingsUnderNotesPayableAndCreditLines`	$86.63M	USD	3 Qtrs
Net borrowings under non-recourse debt related to consolidated variable interest entities	`NetBorrowingsUnderNonRecourseDebtRelatedToConsolidatedVariableInterestEntities`	$7.94M	USD	3 Qtrs
Redemption of senior notes	`RepaymentsOfSeniorDebt`	$29.95M	USD	3 Qtrs
Redemption of senior notes	`RepaymentsOfSeniorDebt`	$133.37M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$377.29M	USD	3 Qtrs
Excess income tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$61.66M	USD	3 Qtrs
Excess income tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$58.66M	USD	3 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$72.75M	USD	3 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$56.99M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-297.44M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$132.29M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-194.31M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-31.97M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.15B	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`	$1.12B	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.06B	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`	$1.25B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.12B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.06B	USD	Point-in-time
Interest paid during the period	`InterestPaidNet`	$5.15M	USD	3 Qtrs
Interest paid during the period	`InterestPaidNet`	$6.02M	USD	3 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$-33.58M	USD	3 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$17.42M	USD	3 Qtrs
Investment in newly formed consolidated joint venture	`InvestmentInNewlyFormedConsolidatedJointVenture`	$-25.21M	USD	3 Qtrs
Change in net consolidated variable interest entities	`VariableInterestEntityChangeInCarryingAmountOfAssetsNet`	$-926.00K	USD	3 Qtrs

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