10-Q Filing

NVR INC CIK: 906163 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0000950123-11-074182`
Period End Date	20110630
Filing Date	20110808
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	nvr-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 32 Cash Flow Statement 73

Balance Sheet 44 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`	152,964.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	14.89M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	14.98M	shares	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.19B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$930.40M	USD	Point-in-time
Assets related to consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$22.37M	USD	Point-in-time
Assets related to consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$23.02M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$-100.79M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$-129.20M	USD	Point-in-time
Reorganization value in excess of amounts allocable to identifiable assets, net	`PostconfirmationReorganizationValueInExcessOfAmountsAllocableToIdentifiableAssets`	$48.93M	USD	Point-in-time
Reorganization value in excess of amounts allocable to identifiable assets, net	`PostconfirmationReorganizationValueInExcessOfAmountsAllocableToIdentifiableAssets`	$48.93M	USD	Point-in-time
Total assets	`Assets`	$2.18B	USD	Point-in-time
Total assets	`Assets`	$2.26B	USD	Point-in-time
Non-recourse debt related to consolidated variable interest entity	`NonRecourseDebtRelatedToConsolidatedVariableInterestEntities`	$7.59M	USD	Point-in-time
Non-recourse debt related to consolidated variable interest entity	`NonRecourseDebtRelatedToConsolidatedVariableInterestEntities`	$6.54M	USD	Point-in-time
Total liabilities	`Liabilities`	$524.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$519.69M	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; 20,556,198 and 20,557,913 shares issued as of June 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$206.00K	USD	Point-in-time
Common stock, $0.01 par value; 60,000,000 shares authorized; 20,556,198 and 20,557,913 shares issued as of June 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$206.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$951.23M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.04B	USD	Point-in-time
Deferred compensation trust - 152,964 and 158,894 shares of NVR, Inc. common stock as of June 30, 2011 and December 31, 2010, respectively	`CommonStockSharesHeldInEmployeeTrust`	$27.58M	USD	Point-in-time
Deferred compensation trust - 152,964 and 158,894 shares of NVR, Inc. common stock as of June 30, 2011 and December 31, 2010, respectively	`CommonStockSharesHeldInEmployeeTrust`	$25.58M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$25.58M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$27.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.08B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.03B	USD	Point-in-time
Less treasury stock at cost - 14,977,205 and 14,894,357 shares at June 30, 2011 and December 31, 2010, respectively	`TreasuryStockValue`	$3.24B	USD	Point-in-time
Less treasury stock at cost - 14,977,205 and 14,894,357 shares at June 30, 2011 and December 31, 2010, respectively	`TreasuryStockValue`	$3.47B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.65B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.74B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.18B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.26B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Mortgage banking fees	`FeesAndCommissionsMortgageBanking`	$24.98M	USD	2 Qtrs
Mortgage banking fees	`FeesAndCommissionsMortgageBanking`	$30.36M	USD	2 Qtrs
Mortgage banking fees	`FeesAndCommissionsMortgageBanking`	$13.22M	USD	1 Quarter
Mortgage banking fees	`FeesAndCommissionsMortgageBanking`	$17.53M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$170.99M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$118.26M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$88.19M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$63.35M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$46.98M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$67.63M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$24.91M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$34.57M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$103.36M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$71.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.62M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$38.45M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$16.96	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$11.64	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$6.65	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$9.24	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$8.98	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$11.13	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$6.48	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$16.15	USD	2 Qtrs
Basic average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	6.09M	shares	2 Qtrs
Basic average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	5.79M	shares	1 Quarter
Basic average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	6.12M	shares	1 Quarter
Basic average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	5.80M	shares	2 Qtrs
Diluted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.40M	shares	2 Qtrs
Diluted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.93M	shares	1 Quarter
Diluted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.97M	shares	2 Qtrs
Diluted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.41M	shares	1 Quarter

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$103.36M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$71.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.62M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$38.45M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.24M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.73M	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`	$21.39M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$16.12M	USD	1 Quarter
Equity-based compensation expense	`ShareBasedCompensation`	$31.70M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$20.83M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$15.15M	USD	1 Quarter
Contract land deposit impairments (recoveries)	`ContractLandDepositImpairmentsRecoveries`	$-949.00K	USD	2 Qtrs
Contract land deposit impairments (recoveries)	`ContractLandDepositImpairmentsRecoveries`	$4.07M	USD	2 Qtrs
Gain on sales of loans	`GainLossOnSaleOfMortgageLoans`	$18.86M	USD	2 Qtrs
Gain on sales of loans	`GainLossOnSaleOfMortgageLoans`	$22.98M	USD	2 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$816.91M	USD	2 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$1.07B	USD	2 Qtrs
Proceeds from sales of mortgage loans	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$833.58M	USD	2 Qtrs
Proceeds from sales of mortgage loans	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$895.49M	USD	2 Qtrs
Principal payments on mortgage loans held for sale	`ProceedsFromCollectionOfMortgageLoansHeldForSale`	$2.06M	USD	2 Qtrs
Principal payments on mortgage loans held for sale	`ProceedsFromCollectionOfMortgageLoansHeldForSale`	$330.00K	USD	2 Qtrs
Distribution of earnings from unconsolidated joint ventures	`DistributionOfEarningsFromUnconsolidatedJointVentures`	$1.66M	USD	2 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$103.56M	USD	2 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$1.98M	USD	2 Qtrs
Increase in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$19.26M	USD	2 Qtrs
Increase in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$32.48M	USD	2 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$487.00K	USD	2 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$6.17M	USD	2 Qtrs
Increase in accounts payable, accrued expenses and customer deposits	`IncreaseDecreaseInAccountsPayableCustomerDepositsAndAccruedExpenses`	$91.16M	USD	2 Qtrs
Increase in accounts payable, accrued expenses and customer deposits	`IncreaseDecreaseInAccountsPayableCustomerDepositsAndAccruedExpenses`	$29.10M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.85M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-9.45M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-66.31M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-25.22M	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
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$61.60M	USD	2 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$2.00M	USD	2 Qtrs
Distribution of capital from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$7.34M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.92M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.48M	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`	$307.00K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-61.43M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$39.88M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$176.08M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$300.88M	USD	2 Qtrs
Net (repayments) borrowings under notes payable and credit lines	`NetBorrowingsUnderNotesPayableAndCreditLines`	$66.51M	USD	2 Qtrs
Net (repayments) borrowings under notes payable and credit lines	`NetBorrowingsUnderNotesPayableAndCreditLines`	$-744.00K	USD	2 Qtrs
Redemption of senior notes	`RepaymentsOfSeniorDebt`	$133.37M	USD	2 Qtrs
Net repayments under non-recourse debt related to consolidated variable interest entity	`NetBorrowingsUnderNonRecourseDebtRelatedToConsolidatedVariableInterestEntities`	$-1.06M	USD	2 Qtrs
Excess income tax benefit from equity based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$58.56M	USD	2 Qtrs
Excess income tax benefit from equity based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$21.39M	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$51.54M	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$104.59M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-132.84M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-176.70M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-159.27M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-263.35M	USD	2 Qtrs
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.25B	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.09B	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.19B	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$930.40M	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
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.19B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$930.40M	USD	Point-in-time
Interest paid during the period, net	`InterestPaidNet`	$1.06M	USD	2 Qtrs
Interest paid during the period, net	`InterestPaidNet`	$4.53M	USD	2 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$9.71M	USD	2 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$14.03M	USD	2 Qtrs
Investment in consolidated joint venture	`InvestmentInNewlyFormedConsolidatedJointVenture`	$-23.78M	USD	2 Qtrs

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