10-Q Filing

NVR INC CIK: 906163 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001564590-16-021704`
Period End Date	20160630
Filing Date	20160728
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	nvr-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 39 Income Statement 32 Cash Flow Statement 69

Balance Sheet 39 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`	108,614.00	shares	Point-in-time
Deferred compensation trust, shares	`CommonStockSharesHeldInEmployeeTrustShares`	108,628.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	16.66M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	16.66M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$425.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$545.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$497.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$364.49M	USD	Point-in-time
Land under development	`InventoryRealEstateLandAndLandDevelopmentCosts`	$58.75M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$375.07M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$343.30M	USD	Point-in-time
Total assets	`Assets`	$2.70B	USD	Point-in-time
Total assets	`Assets`	$2.51B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.27B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.34B	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 June 30, 2016 and December 31, 2015	`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 June 30, 2016 and December 31, 2015	`CommonStockValue`	$206.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.45B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.48B	USD	Point-in-time
Deferred compensation trust 108,628 and 108,614 shares of NVR, Inc. common stock as of June 30, 2016 and December 31, 2015	`CommonStockSharesHeldInEmployeeTrust`	$17.36M	USD	Point-in-time
Deferred compensation trust 108,628 and 108,614 shares of NVR, Inc. common stock as of June 30, 2016 and December 31, 2015	`CommonStockSharesHeldInEmployeeTrust`	$17.33M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$17.33M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$17.36M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.43B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.27B	USD	Point-in-time
Less treasury stock at cost 16,657,701 and 16,664,342 shares as of June 30, 2016 and December 31, 2015, respectively	`TreasuryStockValue`	$5.48B	USD	Point-in-time
Less treasury stock at cost 16,657,701 and 16,664,342 shares as of June 30, 2016 and December 31, 2015, respectively	`TreasuryStockValue`	$5.55B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.24B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.36B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.51B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.70B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Interest expense	`InterestExpense`	$4.81M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.96M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.87M	USD	2 Qtrs
Interest expense	`InterestExpense`	$9.90M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$148.68M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$248.03M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$211.05M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$144.72M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$53.04M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$91.05M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$55.29M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$78.59M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$91.68M	USD	1 Quarter
Net income	`NetIncomeLoss`	$156.98M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$93.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$132.45M	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$23.51	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$32.61	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$22.97	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$40.34	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$31.17	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$21.91	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$37.82	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$22.01	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	3.90M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	4.07M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	3.89M	shares	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	4.06M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.17M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.15M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.25M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.26M	shares	1 Quarter

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$91.68M	USD	1 Quarter
Net income	`NetIncomeLoss`	$156.98M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$93.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$132.45M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.93M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.74M	USD	2 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$9.90M	USD	2 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$8.68M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$21.38M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$26.30M	USD	2 Qtrs
Contract land deposit recoveries, net	`ContractLandDepositImpairmentRecoveries`	$-5.75M	USD	2 Qtrs
Contract land deposit recoveries, net	`ContractLandDepositImpairmentRecoveries`	$-1.44M	USD	2 Qtrs
Gain on sale of loans, net	`GainLossOnSaleOfMortgageLoans`	$36.69M	USD	2 Qtrs
Gain on sale of loans, net	`GainLossOnSaleOfMortgageLoans`	$27.33M	USD	2 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$1.56B	USD	2 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$1.31B	USD	2 Qtrs
Mortgage loans sold and principal payments on mortgage loans held for sale	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$1.27B	USD	2 Qtrs
Mortgage loans sold and principal payments on mortgage loans held for sale	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$1.64B	USD	2 Qtrs
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$9.94M	USD	2 Qtrs
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$6.13M	USD	2 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$213.84M	USD	2 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$240.71M	USD	2 Qtrs
Increase in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$1.43M	USD	2 Qtrs
Increase in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$30.34M	USD	2 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$6.95M	USD	2 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$7.41M	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$66.52M	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$35.36M	USD	2 Qtrs
Increase in customer deposits	`IncreaseDecreaseInCustomerDeposits`	$31.63M	USD	2 Qtrs
Increase in customer deposits	`IncreaseDecreaseInCustomerDeposits`	$30.78M	USD	2 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-15.20M	USD	2 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-18.02M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-40.41M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.89M	USD	2 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$1.25M	USD	2 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$321.00K	USD	2 Qtrs
Distribution of capital from unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$10.56M	USD	2 Qtrs
Distribution of capital from unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$7.00M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.59M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.77M	USD	2 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$338.00K	USD	2 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$446.00K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.64M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$1.07M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$96.51M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$69.28M	USD	2 Qtrs
Repayments under non-recourse debt related to consolidated variable interest entity and note payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$64.00K	USD	2 Qtrs
Distributions to partner in consolidated variable interest entity	`PaymentsToMinorityShareholders`	$300.00K	USD	2 Qtrs
Distributions to partner in consolidated variable interest entity	`PaymentsToMinorityShareholders`	$150.00K	USD	2 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$8.68M	USD	2 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$9.90M	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$51.26M	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$27.91M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-8.49M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-60.07M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-47.83M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-60.82M	USD	2 Qtrs
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$425.32M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$545.42M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$497.58M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$364.49M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$425.32M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$545.42M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$497.58M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$364.49M	USD	Point-in-time
Interest paid during the period, net of interest capitalized	`InterestPaidNet`	$12.22M	USD	2 Qtrs
Interest paid during the period, net of interest capitalized	`InterestPaidNet`	$9.57M	USD	2 Qtrs
Income taxes paid during the period, net of refunds	`IncomeTaxesPaidNet`	$90.08M	USD	2 Qtrs
Income taxes paid during the period, net of refunds	`IncomeTaxesPaidNet`	$52.78M	USD	2 Qtrs

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