10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-12-445784 |
| Period End Date | 20120930 |
| Filing Date | 20121101 |
| Fiscal Year | 2012 |
| Fiscal Period | Q3 |
| XBRL Instance | nvr-20120930.xml |
Filing Contents
This filing contains the following financial statements:
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
|
152,223.00 | shares | Point-in-time |
| Deferred compensation trust, shares |
DeferredCompensationTrustShares
|
152,964.00 | shares | Point-in-time |
| Treasury stock, shares |
TreasuryStockShares
|
15.58M | shares | Point-in-time |
| Treasury stock, shares |
TreasuryStockShares
|
15.68M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$497.12M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$480.79M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.08B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.19B | USD | Point-in-time |
| Mortgage loans held for sale, net |
LoansHeldForSaleMortgages
|
$128.45M | USD | Point-in-time |
| Land under development |
InventoryRealEstateLandAndLandDevelopmentCosts
|
$71.10M | 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
|
$16.21M | USD | Point-in-time |
| Contract land deposits, net |
DepositsAssets
|
$173.40M | USD | Point-in-time |
| Contract land deposits, net |
DepositsAssets
|
$131.93M | 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
|
$2.48B | USD | Point-in-time |
| Total assets |
Assets
|
$1.78B | USD | Point-in-time |
| Non-recourse debt related to consolidated variable interest entity |
NonRecourseDebt
|
$4.98M | USD | Point-in-time |
| Non-recourse debt related to consolidated variable interest entity |
NonRecourseDebt
|
$865.00K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$404.69M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.10B | 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 September 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 September 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
|
$1.13B | USD | Point-in-time |
| Deferred compensation trust - 152,223 and 152,964 shares of NVR, Inc. common stock as of September 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 September 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
|
$4.28B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$4.16B | USD | Point-in-time |
| Less treasury stock at cost - 15,681,381 and 15,578,565 shares at September 30, 2012 and December 31, 2011, respectively |
TreasuryStockValue
|
$4.03B | USD | Point-in-time |
| Less treasury stock at cost - 15,681,381 and 15,578,565 shares at September 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
|
$1.38B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$2.48B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$1.78B | 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
|
$16.24M | USD | 1 Quarter |
| Mortgage banking fees |
FeesAndCommissionsMortgageBanking
|
$45.03M | USD | 3 Qtrs |
| Mortgage banking fees |
FeesAndCommissionsMortgageBanking
|
$10.50M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxes
|
$68.94M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxes
|
$179.05M | USD | 3 Qtrs |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxes
|
$84.13M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxes
|
$157.13M | USD | 3 Qtrs |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$31.13M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$25.53M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$60.10M | USD | 3 Qtrs |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$59.09M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$43.41M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$97.03M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$53.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$119.96M | USD | 3 Qtrs |
| Basic earnings per share |
EarningsPerShareBasic
|
$10.60 | USD | 1 Quarter |
| Basic earnings per share |
EarningsPerShareBasic
|
$23.76 | 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
|
$7.98 | USD | 1 Quarter |
| Diluted earnings per share |
EarningsPerShareDiluted
|
$23.22 | USD | 3 Qtrs |
| Diluted earnings per share |
EarningsPerShareDiluted
|
$10.33 | USD | 1 Quarter |
| Basic weighted average shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
5.05M | shares | 3 Qtrs |
| Basic weighted average shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
5.30M | shares | 1 Quarter |
| Basic weighted average shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
5.63M | shares | 3 Qtrs |
| Basic weighted average shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
5.00M | shares | 1 Quarter |
| Diluted weighted average shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
5.17M | shares | 3 Qtrs |
| Diluted weighted average shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
5.13M | shares | 1 Quarter |
| Diluted weighted average shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
5.44M | shares | 1 Quarter |
| Diluted weighted average shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
5.79M | shares | 3 Qtrs |
Cash Flow Statement
78 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Senior notes interest rate |
DebtInstrumentInterestRateStatedPercentage
|
0.04 | pure | Point-in-time |
| Net income |
NetIncomeLoss
|
$43.41M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$97.03M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$53.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$119.96M | USD | 3 Qtrs |
| Senior notes interest rate |
DebtInstrumentInterestRateStatedPercentage
|
0.04 | pure | Point-in-time |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$4.95M | USD | 3 Qtrs |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$5.82M | USD | 3 Qtrs |
| Excess income tax benefit from equity-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$21.27M | USD | 3 Qtrs |
| Excess income tax benefit from equity-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$5.69M | USD | 3 Qtrs |
| Equity-based compensation expense |
ShareBasedCompensation
|
$16.96M | USD | 1 Quarter |
| Equity-based compensation expense |
ShareBasedCompensation
|
$47.97M | USD | 3 Qtrs |
| Equity-based compensation expense |
ShareBasedCompensation
|
$16.26M | USD | 1 Quarter |
| Equity-based compensation expense |
ShareBasedCompensation
|
$50.14M | USD | 3 Qtrs |
| Contract land deposit (recoveries) impairments |
AssetImpairmentCharges
|
$-243.00K | USD | 3 Qtrs |
| Contract land deposit (recoveries) impairments |
AssetImpairmentCharges
|
$6.80M | USD | 3 Qtrs |
| Gain on sale of loans |
GainLossOnSaleOfMortgageLoans
|
$25.89M | USD | 3 Qtrs |
| Gain on sale of loans |
GainLossOnSaleOfMortgageLoans
|
$33.35M | USD | 3 Qtrs |
| Mortgage loans closed |
PaymentsForOriginationOfMortgageLoansHeldForSale
|
$1.42B | USD | 3 Qtrs |
| Mortgage loans closed |
PaymentsForOriginationOfMortgageLoansHeldForSale
|
$1.27B | USD | 3 Qtrs |
| Proceeds from sales of mortgage loans |
ProceedsFromSaleOfMortgageLoansHeldForSale
|
$1.58B | USD | 3 Qtrs |
| Proceeds from sales of mortgage loans |
ProceedsFromSaleOfMortgageLoansHeldForSale
|
$1.29B | USD | 3 Qtrs |
| Principal payments on mortgage loans held for sale |
ProceedsFromCollectionOfMortgageLoansHeldForSale
|
$1.89M | USD | 3 Qtrs |
| Principal payments on mortgage loans held for sale |
ProceedsFromCollectionOfMortgageLoansHeldForSale
|
$3.33M | USD | 3 Qtrs |
| Distribution of earnings from unconsolidated joint ventures |
EquityMethodInvestmentDividendsOrDistributions
|
$2.00M | USD | 3 Qtrs |
| Distribution of earnings from unconsolidated joint ventures |
EquityMethodInvestmentDividendsOrDistributions
|
$3.08M | USD | 3 Qtrs |
| Increase in inventory |
IncreaseDecreaseInInventories
|
$148.41M | USD | 3 Qtrs |
| Increase in inventory |
IncreaseDecreaseInInventories
|
$162.51M | USD | 3 Qtrs |
| Increase in contract land deposits |
IncreaseDecreaseInDepositsOutstanding
|
$33.58M | USD | 3 Qtrs |
| Increase in contract land deposits |
IncreaseDecreaseInDepositsOutstanding
|
$41.23M | USD | 3 Qtrs |
| (Increase) decrease in receivables |
IncreaseDecreaseInReceivables
|
$3.27M | USD | 3 Qtrs |
| (Increase) decrease in receivables |
IncreaseDecreaseInReceivables
|
$-91.00K | USD | 3 Qtrs |
| Increase in accounts payable, accrued expenses and customer deposits |
IncreaseDecreaseInAccountsPayableCustomerDepositsAndAccruedExpenses
|
$98.60M | USD | 3 Qtrs |
| Increase in accounts payable, accrued expenses and customer deposits |
IncreaseDecreaseInAccountsPayableCustomerDepositsAndAccruedExpenses
|
$41.00M | USD | 3 Qtrs |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$11.32M | USD | 3 Qtrs |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-5.21M | USD | 3 Qtrs |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$178.45M | USD | 3 Qtrs |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-4.58M | USD | 3 Qtrs |
| Investments in and advances to unconsolidated joint ventures |
PaymentsToAcquireInterestInJointVenture
|
$61.60M | USD | 3 Qtrs |
| Investments in and advances to unconsolidated joint ventures |
PaymentsToAcquireInterestInJointVenture
|
$1.00M | USD | 3 Qtrs |
| Distribution of capital from unconsolidated joint ventures |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$5.75M | USD | 3 Qtrs |
| Distribution of capital from unconsolidated joint ventures |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$9.51M | USD | 3 Qtrs |
| Purchase of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$10.37M | 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
|
$353.00K | USD | 3 Qtrs |
| Proceeds from the sale of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$401.00K | USD | 3 Qtrs |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-60.37M | USD | 3 Qtrs |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-5.27M | USD | 3 Qtrs |
| Purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
$220.13M | USD | 3 Qtrs |
| Purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
$666.63M | USD | 3 Qtrs |
| Net repayments under note payable and credit lines |
NetBorrowingsRepaymentsUnderNotePayableAndCreditLines
|
$90.42M | USD | 3 Qtrs |
| Net repayments under note payable and credit lines |
NetBorrowingsRepaymentsUnderNotePayableAndCreditLines
|
$660.00K | USD | 3 Qtrs |
| Repayments under non-recourse debt related to consolidated variable interest entity |
RepaymentsOfOtherDebt
|
$6.14M | USD | 3 Qtrs |
| Repayments under non-recourse debt related to consolidated variable interest entity |
RepaymentsOfOtherDebt
|
$5.65M | USD | 3 Qtrs |
| Borrowings under non-recourse debt related to consolidated variable interest entity |
ProceedsFromOtherDebt
|
$4.24M | USD | 3 Qtrs |
| Borrowings under non-recourse debt related to consolidated variable interest entity |
ProceedsFromOtherDebt
|
$1.53M | USD | 3 Qtrs |
| Excess income tax benefit from equity-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$21.27M | USD | 3 Qtrs |
| Excess income tax benefit from equity-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$5.69M | USD | 3 Qtrs |
| Proceeds from issuance of 3.95% senior notes due 2022 |
ProceedsFromIssuanceOfUnsecuredDebt
|
$598.96M | USD | 3 Qtrs |
| Debt issuance costs for 3.95% senior notes due 2022 |
PaymentsOfDebtIssuanceCosts
|
$-4.02M | USD | 3 Qtrs |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$106.01M | USD | 3 Qtrs |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$48.85M | USD | 3 Qtrs |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-631.68M | USD | 3 Qtrs |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$424.57M | USD | 3 Qtrs |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$597.75M | USD | 3 Qtrs |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-696.63M | USD | 3 Qtrs |
| Cash and cash equivalents, beginning of the period |
CashAndCashEquivalentsAtCarryingValue
|
$497.12M | USD | Point-in-time |
| Cash and cash equivalents, beginning of the period |
CashAndCashEquivalentsAtCarryingValue
|
$480.79M | USD | Point-in-time |
| Cash and cash equivalents, beginning of the period |
CashAndCashEquivalentsAtCarryingValue
|
$1.08B | USD | Point-in-time |
| Cash and cash equivalents, beginning of the period |
CashAndCashEquivalentsAtCarryingValue
|
$1.19B | USD | Point-in-time |
| Cash and cash equivalents, end of the period |
CashAndCashEquivalentsAtCarryingValue
|
$497.12M | USD | Point-in-time |
| Cash and cash equivalents, end of the period |
CashAndCashEquivalentsAtCarryingValue
|
$480.79M | USD | Point-in-time |
| Cash and cash equivalents, end of the period |
CashAndCashEquivalentsAtCarryingValue
|
$1.08B | USD | Point-in-time |
| Cash and cash equivalents, end of the period |
CashAndCashEquivalentsAtCarryingValue
|
$1.19B | USD | Point-in-time |
| Interest paid during the period, net of interest capitalized |
InterestPaidNet
|
$705.00K | USD | 3 Qtrs |
| Interest paid during the period, net of interest capitalized |
InterestPaidNet
|
$1.58M | USD | 3 Qtrs |
| Income taxes paid during the period, net of refunds |
IncomeTaxesPaidNet
|
$36.05M | USD | 3 Qtrs |
| Income taxes paid during the period, net of refunds |
IncomeTaxesPaidNet
|
$22.73M | USD | 3 Qtrs |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.