10-Q Filing

NVR INC CIK: 906163 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-389808`
Period End Date	20140930
Filing Date	20141030
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	nvr-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 32 Cash Flow Statement 68

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	`CommonStockSharesHeldInEmployeeTrustShares`	109,256.00	shares	Point-in-time
Deferred compensation trust, shares	`CommonStockSharesHeldInEmployeeTrustShares`	108,614.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	16.12M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	16.39M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.15B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$866.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$814.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$466.29M	USD	Point-in-time
Mortgage loans held for sale, net	`LoansHeldForSaleMortgages`	$198.60M	USD	Point-in-time
Land under development	`InventoryRealEstateLandAndLandDevelopmentCosts`	$55.67M	USD	Point-in-time
Assets related to consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$6.23M	USD	Point-in-time
Assets related to consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$7.27M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$283.58M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$236.88M	USD	Point-in-time
Total assets	`Assets`	$2.49B	USD	Point-in-time
Total assets	`Assets`	$2.41B	USD	Point-in-time
Non-recourse debt related to consolidated variable interest entity	`NonRecourseDebt`	$661.00K	USD	Point-in-time
Non-recourse debt related to consolidated variable interest entity	`NonRecourseDebt`	$3.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.22B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.26B	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 shares issued as of both September 30, 2014 and December 31, 2013	`CommonStockValue`	$206.00K	USD	Point-in-time
Common stock, $0.01 par value; 60,000,000 shares authorized; 20,555,330 shares issued as of both September 30, 2014 and December 31, 2013	`CommonStockValue`	$206.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.21B	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.30B	USD	Point-in-time
Deferred compensation trust - 108,614 and 109,256 shares of NVR, Inc. common stock as of both September 30, 2014 and December 31, 2013 respectively	`CommonStockSharesHeldInEmployeeTrust`	$17.33M	USD	Point-in-time
Deferred compensation trust - 108,614 and 109,256 shares of NVR, Inc. common stock as of both September 30, 2014 and December 31, 2013 respectively	`CommonStockSharesHeldInEmployeeTrust`	$17.74M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$17.74M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$17.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.79B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.61B	USD	Point-in-time
Less treasury stock at cost - 16,388,669 and 16,121,605 shares at September 30, 2014 and December 31, 2013, respectively	`TreasuryStockValue`	$4.94B	USD	Point-in-time
Less treasury stock at cost - 16,388,669 and 16,121,605 shares at September 30, 2014 and December 31, 2013, respectively	`TreasuryStockValue`	$4.56B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.26B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.15B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.41B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.49B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Interest expense	`InterestExpense`	$17.29M	USD	3 Qtrs
Interest expense	`InterestExpense`	$5.68M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.78M	USD	1 Quarter
Interest expense	`InterestExpense`	$16.62M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$131.59M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$302.32M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$143.79M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$266.88M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$53.64M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$48.66M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$98.21M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$120.14M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$182.18M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$90.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$168.67M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$82.94M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$42.01	USD	3 Qtrs
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`	$21.49	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$34.13	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$20.70	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$40.59	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$17.67	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	4.20M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	4.34M	shares	3 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	4.59M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	4.82M	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
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.35M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.49M	shares	3 Qtrs

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$182.18M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$90.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$168.67M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$82.94M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.58M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.38M	USD	3 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$6.79M	USD	3 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$23.81M	USD	3 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$30.39M	USD	3 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$44.87M	USD	3 Qtrs
Contract land deposit recoveries, net	`ContractLandDepositImpairmentRecoveries`	$4.11M	USD	3 Qtrs
Contract land deposit recoveries, net	`ContractLandDepositImpairmentRecoveries`	$4.59M	USD	3 Qtrs
Gain on sale of loans	`GainLossOnSaleOfMortgageLoans`	$43.95M	USD	3 Qtrs
Gain on sale of loans	`GainLossOnSaleOfMortgageLoans`	$32.62M	USD	3 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$1.67B	USD	3 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$1.71B	USD	3 Qtrs
Mortgage loans sold and principal payments on mortgage loans held for sale	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$1.75B	USD	3 Qtrs
Mortgage loans sold and principal payments on mortgage loans held for sale	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$1.76B	USD	3 Qtrs
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$4.32M	USD	3 Qtrs
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$4.79M	USD	3 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$231.68M	USD	3 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$272.46M	USD	3 Qtrs
Increase in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$42.59M	USD	3 Qtrs
Increase in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$22.40M	USD	3 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$3.91M	USD	3 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$1.75M	USD	3 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$22.22M	USD	3 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$114.39M	USD	3 Qtrs
Increase in customer deposits	`IncreaseDecreaseInCustomerDeposits`	$18.40M	USD	3 Qtrs
Increase in customer deposits	`IncreaseDecreaseInCustomerDeposits`	$22.54M	USD	3 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$10.95M	USD	3 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$13.33M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-41.86M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$88.17M	USD	3 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$11.00M	USD	3 Qtrs
Distribution of capital from unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$8.71M	USD	3 Qtrs
Distribution of capital from unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$6.13M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.07M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$27.32M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$626.00K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$381.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-17.99M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-18.55M	USD	3 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$435.81M	USD	3 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$409.44M	USD	3 Qtrs
Repayments under non-recourse debt related to consolidated variable interest entity and note payable	`RepaymentsOfOtherDebt`	$4.49M	USD	3 Qtrs
Repayments under non-recourse debt related to consolidated variable interest entity and note payable	`RepaymentsOfOtherDebt`	$2.82M	USD	3 Qtrs
Distributions to partner in consolidated variable interest entity	`PaymentsToMinorityShareholders`	$281.00K	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`	$6.79M	USD	3 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$7.56M	USD	3 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$65.64M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-340.11M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-408.92M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-339.31M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-399.96M	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`	$866.25M	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`	$466.29M	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`	$866.25M	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`	$466.29M	USD	Point-in-time
Interest paid during the period, net of interest capitalized	`InterestPaidNet`	$24.25M	USD	3 Qtrs
Interest paid during the period, net of interest capitalized	`InterestPaidNet`	$24.67M	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`	$121.77M	USD	3 Qtrs

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