10-Q Filing

NVR INC CIK: 906163 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-310039`
Period End Date	20130630
Filing Date	20130730
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	nvr-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 30 Cash Flow Statement 71

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`	152,223.00	shares	Point-in-time
Deferred compensation trust, shares	`DeferredCompensationTrustShares`	109,256.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	15.86M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	15.64M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$593.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.15B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$480.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$778.42M	USD	Point-in-time
Mortgage loans held for sale, net	`LoansHeldForSaleMortgages`	$176.28M	USD	Point-in-time
Land under development	`InventoryRealEstateLandAndLandDevelopmentCosts`	$87.57M	USD	Point-in-time
Assets related to consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$15.63M	USD	Point-in-time
Assets related to consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$10.21M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$207.73M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$191.54M	USD	Point-in-time
Total assets	`Assets`	$2.53B	USD	Point-in-time
Total assets	`Assets`	$2.60B	USD	Point-in-time
Non-recourse debt related to consolidated variable interest entity	`NonRecourseDebt`	$1.60M	USD	Point-in-time
Non-recourse debt related to consolidated variable interest entity	`NonRecourseDebt`	$4.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.21B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.12B	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; 20,555,330 and 20,556,198 shares issued as of June 30, 2013 and December 31, 2012, respectively	`CommonStockValue`	$206.00K	USD	Point-in-time
Common stock, $0.01 par value; 60,000,000 shares authorized; 20,555,330 and 20,556,198 shares issued as of June 30, 2013 and December 31, 2012, respectively	`CommonStockValue`	$206.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.17B	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.20B	USD	Point-in-time
Deferred compensation trust - 109,256 and 152,223 shares of NVR, Inc. common stock as of June 30, 2013 and December 31, 2012, respectively	`CommonStockSharesHeldInEmployeeTrust`	$17.74M	USD	Point-in-time
Deferred compensation trust - 109,256 and 152,223 shares of NVR, Inc. common stock as of June 30, 2013 and December 31, 2012, respectively	`CommonStockSharesHeldInEmployeeTrust`	$25.33M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$17.74M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$25.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.34B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.42B	USD	Point-in-time
Less treasury stock at cost - 15,855,338 and 15,642,068 shares at June 30, 2013 and December 31, 2012, respectively	`TreasuryStockValue`	$4.03B	USD	Point-in-time
Less treasury stock at cost - 15,855,338 and 15,642,068 shares at June 30, 2013 and December 31, 2012, respectively	`TreasuryStockValue`	$4.30B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.32B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.48B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.60B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.53B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Interest expense	`InterestExpense`	$10.94M	USD	2 Qtrs
Interest expense	`InterestExpense`	$5.37M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$135.29M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$63.95M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$94.91M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$80.18M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$27.95M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$49.55M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$29.49M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$17.12M	USD	1 Quarter
Net income	`NetIncomeLoss`	$46.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$85.73M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$66.96M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$50.69M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$13.19	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$17.38	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$10.37	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$9.17	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$12.90	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$16.92	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$8.97	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$10.11	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	4.89M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	5.11M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	4.93M	shares	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	5.08M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.07M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.01M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.22M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.19M	shares	2 Qtrs

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$46.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$85.73M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$66.96M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$50.69M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.73M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.85M	USD	2 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$4.71M	USD	2 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$23.73M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$18.65M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$33.17M	USD	2 Qtrs
Contract land deposit recoveries	`AssetImpairmentCharges`	$-1.16M	USD	2 Qtrs
Contract land deposit recoveries	`AssetImpairmentCharges`	$-3.99M	USD	2 Qtrs
Gain on sale of loans	`GainLossOnSaleOfMortgageLoans`	$21.57M	USD	2 Qtrs
Gain on sale of loans	`GainLossOnSaleOfMortgageLoans`	$28.16M	USD	2 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$880.32M	USD	2 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$1.03B	USD	2 Qtrs
Proceeds from sales of mortgage loans	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$1.00B	USD	2 Qtrs
Proceeds from sales of mortgage loans	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$1.06B	USD	2 Qtrs
Principal payments on mortgage loans held for sale	`ProceedsFromCollectionOfMortgageLoansHeldForSale`	$943.00K	USD	2 Qtrs
Principal payments on mortgage loans held for sale	`ProceedsFromCollectionOfMortgageLoansHeldForSale`	$1.61M	USD	2 Qtrs
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$1.33M	USD	2 Qtrs
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$805.00K	USD	2 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$164.33M	USD	2 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$256.54M	USD	2 Qtrs
Increase in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$12.20M	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`	$5.59M	USD	2 Qtrs
Increase in accounts payable, accrued expenses and customer deposits	`IncreaseDecreaseInAccountsPayableCustomerDepositsAndAccruedExpenses`	$106.72M	USD	2 Qtrs
Increase in accounts payable, accrued expenses and customer deposits	`IncreaseDecreaseInAccountsPayableCustomerDepositsAndAccruedExpenses`	$70.55M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$9.57M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$8.27M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$72.39M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-90.51M	USD	2 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$1.00M	USD	2 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$11.00M	USD	2 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$11.00M	USD	1 Quarter
Distribution of capital from unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$4.42M	USD	2 Qtrs
Distribution of capital from unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$2.12M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.00M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.09M	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`	$257.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.31M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.71M	USD	2 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$294.98M	USD	2 Qtrs
Net repayments under note payable and credit lines	`NetBorrowingsRepaymentsUnderNotePayableAndCreditLines`	$-311.00K	USD	2 Qtrs
Net repayments under note payable and credit lines	`NetBorrowingsRepaymentsUnderNotePayableAndCreditLines`	$-565.00K	USD	2 Qtrs
Repayments under non-recourse debt related to consolidated variable interest entity	`RepaymentsOfOtherDebt`	$2.97M	USD	2 Qtrs
Repayments under non-recourse debt related to consolidated variable interest entity	`RepaymentsOfOtherDebt`	$4.38M	USD	2 Qtrs
Borrowings under non-recourse debt related to consolidated variable interest entity	`ProceedsFromOtherDebt`	$442.00K	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`	$23.73M	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$6.67M	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$42.18M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-267.86M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$42.39M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$112.47M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-375.08M	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`	$1.15B	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`	$778.42M	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`	$1.15B	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`	$778.42M	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`	$12.61M	USD	2 Qtrs
Income taxes paid during the period, net of refunds	`IncomeTaxesPaidNet`	$12.95M	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.