10-Q Filing

NVR INC CIK: 906163 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-422661`
Period End Date	20130930
Filing Date	20131101
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	nvr-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 32 Cash Flow Statement 76

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`	16.01M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	15.64M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.15B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$814.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.08B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$480.79M	USD	Point-in-time
Mortgage loans held for sale, net	`LoansHeldForSaleMortgages`	$153.93M	USD	Point-in-time
Land under development	`InventoryRealEstateLandAndLandDevelopmentCosts`	$59.41M	USD	Point-in-time
Assets related to consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$9.81M	USD	Point-in-time
Assets related to consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$15.63M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$218.53M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$191.54M	USD	Point-in-time
Total assets	`Assets`	$2.52B	USD	Point-in-time
Total assets	`Assets`	$2.60B	USD	Point-in-time
Non-recourse debt related to consolidated variable interest entity	`NonRecourseDebt`	$559.00K	USD	Point-in-time
Non-recourse debt related to consolidated variable interest entity	`NonRecourseDebt`	$4.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.12B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.24B	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 September 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 September 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`	$1.21B	USD	Point-in-time
Deferred compensation trust - 109,256 and 152,223 shares of NVR, Inc. common stock as of September 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 September 30, 2013 and December 31, 2012, respectively	`CommonStockSharesHeldInEmployeeTrust`	$25.33M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$25.33M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$17.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.34B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.51B	USD	Point-in-time
Less treasury stock at cost - 16,008,428 and 15,642,068 shares at September 30, 2013 and December 31, 2012, respectively	`TreasuryStockValue`	$4.44B	USD	Point-in-time
Less treasury stock at cost - 16,008,428 and 15,642,068 shares at September 30, 2013 and December 31, 2012, respectively	`TreasuryStockValue`	$4.03B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.48B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.28B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.52B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.60B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Interest expense	`InterestExpense`	$1.51M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.68M	USD	1 Quarter
Interest expense	`InterestExpense`	$16.62M	USD	3 Qtrs
Interest expense	`InterestExpense`	$2.03M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$84.13M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$179.05M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$131.59M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$266.88M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$48.66M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$31.13M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$98.21M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$59.09M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$119.96M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$168.67M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$53.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$82.94M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$10.60	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$35.01	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$18.08	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$23.76	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$17.67	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$10.33	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$23.22	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$34.13	USD	3 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	5.00M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	4.82M	shares	3 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	5.05M	shares	3 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	4.59M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.13M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.17M	shares	3 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.70M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.94M	shares	3 Qtrs

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$119.96M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$168.67M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$53.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$82.94M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.38M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.82M	USD	3 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$5.69M	USD	3 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$23.81M	USD	3 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$11.73M	USD	1 Quarter
Equity-based compensation expense	`ShareBasedCompensation`	$50.14M	USD	3 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$30.39M	USD	3 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$16.96M	USD	1 Quarter
Contract land deposit recoveries	`AssetImpairmentCharges`	$-243.00K	USD	3 Qtrs
Contract land deposit recoveries	`AssetImpairmentCharges`	$-4.59M	USD	3 Qtrs
Gain on sale of loans	`GainLossOnSaleOfMortgageLoans`	$33.35M	USD	3 Qtrs
Gain on sale of loans	`GainLossOnSaleOfMortgageLoans`	$43.95M	USD	3 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$1.67B	USD	3 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$1.42B	USD	3 Qtrs
Proceeds from sales of mortgage loans	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$1.75B	USD	3 Qtrs
Proceeds from sales of mortgage loans	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$1.58B	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`	$1.29M	USD	3 Qtrs
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$3.08M	USD	3 Qtrs
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$4.32M	USD	3 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$231.68M	USD	3 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$162.51M	USD	3 Qtrs
Increase in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$41.23M	USD	3 Qtrs
Increase in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$22.40M	USD	3 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$3.27M	USD	3 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$3.91M	USD	3 Qtrs
Increase in accounts payable, accrued expenses and customer deposits	`IncreaseDecreaseInAccountsPayableCustomerDepositsAndAccruedExpenses`	$136.94M	USD	3 Qtrs
Increase in accounts payable, accrued expenses and customer deposits	`IncreaseDecreaseInAccountsPayableCustomerDepositsAndAccruedExpenses`	$98.60M	USD	3 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$11.32M	USD	3 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$10.95M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$88.17M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$178.45M	USD	3 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$11.00M	USD	3 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$11.00M	USD	1 Quarter
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`	$6.13M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.07M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.37M	USD	3 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$381.00K	USD	3 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$353.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.27M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.55M	USD	3 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$435.81M	USD	3 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$220.13M	USD	3 Qtrs
Net repayments under note payable and credit lines	`RepaymentsOfDebtAndCapitalLeaseObligations`	$473.00K	USD	3 Qtrs
Net repayments under note payable and credit lines	`RepaymentsOfDebtAndCapitalLeaseObligations`	$660.00K	USD	3 Qtrs
Repayments under non-recourse debt related to consolidated variable interest entity	`RepaymentsOfOtherDebt`	$5.65M	USD	3 Qtrs
Repayments under non-recourse debt related to consolidated variable interest entity	`RepaymentsOfOtherDebt`	$4.01M	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`	$23.81M	USD	3 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$5.69M	USD	3 Qtrs
Proceeds from issuance of Senior Notes due 2022	`ProceedsFromIssuanceOfUnsecuredDebt`	$598.96M	USD	3 Qtrs
Debt issuance costs for Senior Notes due 2022	`PaymentsOfDebtIssuanceCosts`	$4.02M	USD	3 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$7.56M	USD	3 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$48.85M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$424.57M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-408.92M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$597.75M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-339.31M	USD	3 Qtrs
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.15B	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$814.20M	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`	$480.79M	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`	$814.20M	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`	$480.79M	USD	Point-in-time
Interest paid during the period, net of interest capitalized	`InterestPaidNet`	$24.67M	USD	3 Qtrs
Interest paid during the period, net of interest capitalized	`InterestPaidNet`	$705.00K	USD	3 Qtrs
Income taxes paid during the period, net of refunds	`IncomeTaxesPaidNet`	$55.21M	USD	3 Qtrs
Income taxes paid during the period, net of refunds	`IncomeTaxesPaidNet`	$36.05M	USD	3 Qtrs

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