10-Q Filing

NVR INC CIK: 906163 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-286412`
Period End Date	20110930
Filing Date	20111028
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	nvr-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 32 Cash Flow Statement 74

Balance Sheet 47 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`	152,964.00	shares	Point-in-time
Deferred compensation trust, shares	`DeferredCompensationTrustShares`	158,894.00	shares	Point-in-time
Treasury stock at cost, shares	`TreasuryStockShares`	14.89M	shares	Point-in-time
Treasury stock at cost, shares	`TreasuryStockShares`	15.54M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.06B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.19B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.25B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$497.12M	USD	Point-in-time
Land under development	`InventoryRealEstateLandAndLandDevelopmentCosts`	$91.39M	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`	$21.80M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$-127.57M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$-100.79M	USD	Point-in-time
Mortgage loans held for sale, net	`LoansHeldForSaleMortgages`	$192.20M	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`	$2.26B	USD	Point-in-time
Total assets	`Assets`	$1.80B	USD	Point-in-time
Non-recourse debt related to consolidated variable interest entity	`NonRecourseDebtRelatedToConsolidatedVariableInterestEntities`	$5.68M	USD	Point-in-time
Non-recourse debt related to consolidated variable interest entity	`NonRecourseDebtRelatedToConsolidatedVariableInterestEntities`	$7.59M	USD	Point-in-time
Note payable	`WarehouseAgreementBorrowings`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$453.60M	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 September 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 September 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$206.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.05B	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$951.23M	USD	Point-in-time
Deferred compensation trust - 152,964 and 158,894 shares of NVR, Inc. common stock as of September 30, 2011 and December 31, 2010, respectively	`CommonStockSharesHeldInEmployeeTrust`	$25.58M	USD	Point-in-time
Deferred compensation trust - 152,964 and 158,894 shares of NVR, Inc. common stock as of September 30, 2011 and December 31, 2010, respectively	`CommonStockSharesHeldInEmployeeTrust`	$27.58M	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`	$4.03B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.13B	USD	Point-in-time
Less treasury stock at cost - 15,542,337 and 14,894,357 shares at September 30, 2011 and December 31, 2010, respectively	`TreasuryStockValue`	$3.24B	USD	Point-in-time
Less treasury stock at cost - 15,542,337 and 14,894,357 shares at September 30, 2011 and December 31, 2010, respectively	`TreasuryStockValue`	$3.83B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.74B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.35B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.26B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.80B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Mortgage banking fees	`FeesAndCommissionsMortgageBanking`	$35.47M	USD	3 Qtrs
Mortgage banking fees	`FeesAndCommissionsMortgageBanking`	$10.50M	USD	1 Quarter
Mortgage banking fees	`FeesAndCommissionsMortgageBanking`	$44.60M	USD	3 Qtrs
Mortgage banking fees	`FeesAndCommissionsMortgageBanking`	$14.23M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$235.88M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$157.13M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$68.94M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$64.89M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$20.95M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$25.53M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$88.57M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$60.10M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$43.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$97.03M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$147.31M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$43.94M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$7.65	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$24.64	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$8.19	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$17.22	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$16.75	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$7.31	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$7.98	USD	1 Quarter
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`	5.30M	shares	1 Quarter
Basic average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	5.63M	shares	3 Qtrs
Basic average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	5.98M	shares	3 Qtrs
Diluted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.27M	shares	3 Qtrs
Diluted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.79M	shares	3 Qtrs
Diluted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.44M	shares	1 Quarter
Diluted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.01M	shares	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$43.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$97.03M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$147.31M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$43.94M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.55M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.95M	USD	3 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$61.66M	USD	3 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$21.27M	USD	3 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$40.75M	USD	3 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$16.26M	USD	1 Quarter
Equity-based compensation expense	`ShareBasedCompensation`	$47.97M	USD	3 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$19.92M	USD	1 Quarter
Contract land deposit impairments (recoveries)	`ContractLandDepositImpairmentsRecoveries`	$6.80M	USD	3 Qtrs
Contract land deposit impairments (recoveries)	`ContractLandDepositImpairmentsRecoveries`	$-651.00K	USD	3 Qtrs
Gain on sales of loans	`GainLossOnSaleOfMortgageLoans`	$33.77M	USD	3 Qtrs
Gain on sales of loans	`GainLossOnSaleOfMortgageLoans`	$25.89M	USD	3 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$1.54B	USD	3 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$1.27B	USD	3 Qtrs
Proceeds from sales of mortgage loans	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$1.45B	USD	3 Qtrs
Proceeds from sales of mortgage loans	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$1.29B	USD	3 Qtrs
Principal payments on mortgage loans held for sale	`ProceedsFromCollectionOfMortgageLoansHeldForSale`	$3.33M	USD	3 Qtrs
Principal payments on mortgage loans held for sale	`ProceedsFromCollectionOfMortgageLoansHeldForSale`	$1.56M	USD	3 Qtrs
Distribution of earnings from unconsolidated joint ventures	`DistributionOfEarningsFromUnconsolidatedJointVentures`	$2.00M	USD	3 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$140.28M	USD	3 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$148.41M	USD	3 Qtrs
Increase in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$33.58M	USD	3 Qtrs
Increase in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$39.17M	USD	3 Qtrs
Decrease (increase) in receivables	`IncreaseDecreaseInReceivables`	$1.90M	USD	3 Qtrs
Decrease (increase) in receivables	`IncreaseDecreaseInReceivables`	$-91.00K	USD	3 Qtrs
Increase in accounts payable, accrued expenses and customer deposits	`IncreaseDecreaseInAccountsPayableCustomerDepositsAndAccruedExpenses`	$89.19M	USD	3 Qtrs
Increase in accounts payable, accrued expenses and customer deposits	`IncreaseDecreaseInAccountsPayableCustomerDepositsAndAccruedExpenses`	$41.00M	USD	3 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-5.43M	USD	3 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-5.21M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.58M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-85.60M	USD	3 Qtrs
Purchase of marketable securities	`PaymentsToAcquireHeldToMaturitySecurities`	$150.00M	USD	3 Qtrs
Redemption of marketable securities at maturity	`ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities`	$344.54M	USD	3 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$2.00M	USD	3 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$61.60M	USD	3 Qtrs
Distribution of capital from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$9.51M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.31M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.67M	USD	3 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$401.00K	USD	3 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$506.00K	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-60.37M	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$188.73M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$377.29M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$666.63M	USD	3 Qtrs
Net (repayments) borrowings under notes payable and credit lines	`NetBorrowingsUnderNotesPayableAndCreditLines`	$-90.42M	USD	3 Qtrs
Net (repayments) borrowings under notes payable and credit lines	`NetBorrowingsUnderNotesPayableAndCreditLines`	$86.63M	USD	3 Qtrs
Redemption of senior notes	`RepaymentsOfSeniorDebt`	$133.37M	USD	3 Qtrs
Net (repayments) borrowings under non-recourse debt related to consolidated variable interest entity	`NetBorrowingsUnderNonRecourseDebtRelatedToConsolidatedVariableInterestEntities`	$7.94M	USD	3 Qtrs
Net (repayments) borrowings under non-recourse debt related to consolidated variable interest entity	`NetBorrowingsUnderNonRecourseDebtRelatedToConsolidatedVariableInterestEntities`	$-1.91M	USD	3 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$61.66M	USD	3 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$21.27M	USD	3 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$106.01M	USD	3 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$56.99M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-631.68M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-297.44M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-696.63M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-194.31M	USD	3 Qtrs
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.06B	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`	$1.25B	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$497.12M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.06B	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`	$1.25B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$497.12M	USD	Point-in-time
Interest paid during the period, net	`InterestPaidNet`	$5.15M	USD	3 Qtrs
Interest paid during the period, net	`InterestPaidNet`	$1.58M	USD	3 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$17.42M	USD	3 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$22.73M	USD	3 Qtrs
Investment in consolidated joint venture	`InvestmentInNewlyFormedConsolidatedJointVenture`	$-25.21M	USD	3 Qtrs

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