10-Q Filing

NVR INC CIK: 906163 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-319060`
Period End Date	20120630
Filing Date	20120727
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	nvr-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 32 Cash Flow Statement 73

Balance Sheet 46 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`	152,223.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	15.42M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	15.58M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$593.26M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$480.79M	USD	Point-in-time
Land under development	`InventoryRealEstateLandAndLandDevelopmentCosts`	$70.99M	USD	Point-in-time
Assets related to consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$20.18M	USD	Point-in-time
Assets related to consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$16.65M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$155.86M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$131.93M	USD	Point-in-time
Mortgage loans held for sale, net	`LoansHeldForSaleMortgages`	$150.38M	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`	$1.99B	USD	Point-in-time
Total assets	`Assets`	$1.78B	USD	Point-in-time
Non-recourse debt related to consolidated variable interest entity	`NonRecourseDebt`	$1.05M	USD	Point-in-time
Non-recourse debt related to consolidated variable interest entity	`NonRecourseDebt`	$4.98M	USD	Point-in-time
Total liabilities	`Liabilities`	$404.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$469.14M	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 shares issued as of both June 30, 2012 and December 31, 2011	`CommonStockValue`	$206.00K	USD	Point-in-time
Common stock, $0.01 par value; 60,000,000 shares authorized; 20,556,198 shares issued as of both June 30, 2012 and December 31, 2011	`CommonStockValue`	$206.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.07B	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.11B	USD	Point-in-time
Deferred compensation trust - 152,223 and 152,964 shares of NVR, Inc. common stock as of June 30, 2012 and December 31, 2011, respectively	`CommonStockSharesHeldInEmployeeTrust`	$25.58M	USD	Point-in-time
Deferred compensation trust - 152,223 and 152,964 shares of NVR, Inc. common stock as of June 30, 2012 and December 31, 2011, respectively	`CommonStockSharesHeldInEmployeeTrust`	$25.33M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$25.58M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$25.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.16B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.23B	USD	Point-in-time
Less treasury stock at cost- 15,418,099 and 15,578,565 shares at June 30, 2012 and December 31, 2011, respectively	`TreasuryStockValue`	$3.82B	USD	Point-in-time
Less treasury stock at cost- 15,418,099 and 15,578,565 shares at June 30, 2012 and December 31, 2011, respectively	`TreasuryStockValue`	$3.86B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.37B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.52B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.78B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.99B	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`	$14.49M	USD	1 Quarter
Mortgage banking fees	`FeesAndCommissionsMortgageBanking`	$28.79M	USD	2 Qtrs
Mortgage banking fees	`FeesAndCommissionsMortgageBanking`	$13.22M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$88.19M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$94.91M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$63.35M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$63.95M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$34.57M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$24.91M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$17.12M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$27.95M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$66.96M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$46.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.62M	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$6.65	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$9.24	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$9.17	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$13.19	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$12.90	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$8.98	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$8.97	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$6.48	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	5.80M	shares	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	5.79M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	5.11M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	5.08M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.22M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.19M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.93M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.97M	shares	2 Qtrs

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$66.96M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$46.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.62M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.24M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.73M	USD	2 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$21.39M	USD	2 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$4.71M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$31.70M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$16.73M	USD	1 Quarter
Equity-based compensation expense	`ShareBasedCompensation`	$16.12M	USD	1 Quarter
Equity-based compensation expense	`ShareBasedCompensation`	$33.17M	USD	2 Qtrs
Contract land deposit (recoveries) impairments	`ContractLandDepositImpairmentsRecoveries`	$4.07M	USD	2 Qtrs
Contract land deposit (recoveries) impairments	`ContractLandDepositImpairmentsRecoveries`	$-1.16M	USD	2 Qtrs
Gain on sale of loans	`GainLossOnSaleOfMortgageLoans`	$21.57M	USD	2 Qtrs
Gain on sale of loans	`GainLossOnSaleOfMortgageLoans`	$18.86M	USD	2 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$880.32M	USD	2 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$816.91M	USD	2 Qtrs
Proceeds from sales of mortgage loans	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$833.58M	USD	2 Qtrs
Proceeds from sales of mortgage loans	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$1.00B	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`	$1.61M	USD	2 Qtrs
Distribution of earnings from unconsolidated joint ventures	`DistributionOfEarningsFromUnconsolidatedJointVentures`	$805.00K	USD	2 Qtrs
Distribution of earnings from unconsolidated joint ventures	`DistributionOfEarningsFromUnconsolidatedJointVentures`	$1.66M	USD	2 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$164.33M	USD	2 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$103.56M	USD	2 Qtrs
Increase in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$32.48M	USD	2 Qtrs
Increase in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$22.77M	USD	2 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$3.00M	USD	2 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$487.00K	USD	2 Qtrs
Increase in accounts payable, accrued expenses and customer deposits	`IncreaseDecreaseInAccountsPayableCustomerDepositsAndAccruedExpenses`	$70.55M	USD	2 Qtrs
Increase in accounts payable, accrued expenses and customer deposits	`IncreaseDecreaseInAccountsPayableCustomerDepositsAndAccruedExpenses`	$29.10M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$8.27M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-9.45M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-25.22M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$72.39M	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`	$1.00M	USD	2 Qtrs
Distribution of capital from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$7.34M	USD	2 Qtrs
Distribution of capital from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$4.42M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.00M	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`	$263.00K	USD	2 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$307.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-61.43M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.31M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$300.88M	USD	2 Qtrs
Net repayments under note payable and credit lines	`NetBorrowingsRepaymentsUnderNotePayableAndCreditLines`	$-565.00K	USD	2 Qtrs
Net repayments under note payable and credit lines	`NetBorrowingsRepaymentsUnderNotePayableAndCreditLines`	$-744.00K	USD	2 Qtrs
Repayments under non-recourse debt related to consolidated variable interest entity	`RepaymentsOfOtherDebt`	$4.38M	USD	2 Qtrs
Repayments under non-recourse debt related to consolidated variable interest entity	`RepaymentsOfOtherDebt`	$3.78M	USD	2 Qtrs
Borrowings under non-recourse debt related to consolidated variable interest entity	`ProceedsFromOtherDebt`	$442.00K	USD	2 Qtrs
Borrowings under non-recourse debt related to consolidated variable interest entity	`ProceedsFromOtherDebt`	$2.73M	USD	2 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.71M	USD	2 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$21.39M	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$42.18M	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$104.59M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$42.39M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-176.70M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-263.35M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$112.47M	USD	2 Qtrs
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$593.26M	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, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$480.79M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$593.26M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.19B	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$930.40M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$480.79M	USD	Point-in-time
Interest paid during the period, net of interest capitalized	`InterestPaidNet`	$587.00K	USD	2 Qtrs
Interest paid during the period, net of interest capitalized	`InterestPaidNet`	$1.06M	USD	2 Qtrs
Income taxes paid during the period, net of refunds	`IncomeTaxesPaidNet`	$14.03M	USD	2 Qtrs
Income taxes paid during the period, net of refunds	`IncomeTaxesPaidNet`	$15.04M	USD	2 Qtrs

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