10-Q Filing

NVR INC CIK: 906163 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001564590-16-026452`
Period End Date	20160930
Filing Date	20161028
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	nvr-20160930.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`	108,635.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	16.77M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	16.66M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$545.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$387.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$262.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$425.32M	USD	Point-in-time
Land under development	`InventoryRealEstateLandAndLandDevelopmentCosts`	$62.33M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$343.30M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$377.50M	USD	Point-in-time
Total assets	`Assets`	$2.66B	USD	Point-in-time
Total assets	`Assets`	$2.51B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.36B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.27B	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, 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 September 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`	$1.50B	USD	Point-in-time
Deferred compensation trust 108,635 and 108,614 shares of NVR, Inc. common stock as of September 30, 2016 and December 31, 2015, respectively	`CommonStockSharesHeldInEmployeeTrust`	$17.33M	USD	Point-in-time
Deferred compensation trust 108,635 and 108,614 shares of NVR, Inc. common stock as of September 30, 2016 and December 31, 2015, respectively	`CommonStockSharesHeldInEmployeeTrust`	$17.37M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$17.37M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$17.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.54B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.27B	USD	Point-in-time
Less treasury stock at cost 16,766,035 and 16,664,342 shares as of September 30, 2016 and December 31, 2015, respectively	`TreasuryStockValue`	$5.75B	USD	Point-in-time
Less treasury stock at cost 16,766,035 and 16,664,342 shares as of September 30, 2016 and December 31, 2015, respectively	`TreasuryStockValue`	$5.48B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.24B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.30B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.66B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.51B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Interest expense	`InterestExpense`	$17.95M	USD	3 Qtrs
Interest expense	`InterestExpense`	$5.62M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.08M	USD	1 Quarter
Interest expense	`InterestExpense`	$15.53M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$185.00M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$433.04M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$185.00M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$396.04M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$147.12M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$67.61M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$158.66M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$68.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$274.37M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$248.92M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$116.47M	USD	1 Quarter
Net income	`NetIncomeLoss`	$117.39M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$28.75	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$70.70	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$61.34	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$30.43	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$58.32	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$66.24	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$27.11	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$28.46	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	3.86M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	3.88M	shares	3 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	4.06M	shares	3 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	4.05M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.14M	shares	3 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.12M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.27M	shares	3 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.30M	shares	1 Quarter

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$274.37M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$248.92M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$116.47M	USD	1 Quarter
Net income	`NetIncomeLoss`	$117.39M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.18M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.59M	USD	3 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$14.46M	USD	3 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$10.95M	USD	3 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$39.87M	USD	3 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$32.46M	USD	3 Qtrs
Contract land deposit recoveries, net	`ContractLandDepositImpairmentRecoveries`	$-1.43M	USD	3 Qtrs
Contract land deposit recoveries, net	`ContractLandDepositImpairmentRecoveries`	$-9.93M	USD	3 Qtrs
Gain on sale of loans, net	`GainLossOnSaleOfMortgageLoans`	$48.24M	USD	3 Qtrs
Gain on sale of loans, net	`GainLossOnSaleOfMortgageLoans`	$59.39M	USD	3 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$2.16B	USD	3 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$2.54B	USD	3 Qtrs
Mortgage loans sold and principal payments on mortgage loans held for sale	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$2.15B	USD	3 Qtrs
Mortgage loans sold and principal payments on mortgage loans held for sale	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$2.63B	USD	3 Qtrs
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$13.07M	USD	3 Qtrs
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$8.03M	USD	3 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$289.75M	USD	3 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$309.82M	USD	3 Qtrs
Increase in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$13.99M	USD	3 Qtrs
Increase in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$32.77M	USD	3 Qtrs
(Increase) decrease in receivables	`IncreaseDecreaseInReceivables`	$-12.00K	USD	3 Qtrs
(Increase) decrease in receivables	`IncreaseDecreaseInReceivables`	$2.91M	USD	3 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$78.94M	USD	3 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$59.74M	USD	3 Qtrs
Increase in customer deposits	`IncreaseDecreaseInCustomerDeposits`	$33.73M	USD	3 Qtrs
Increase in customer deposits	`IncreaseDecreaseInCustomerDeposits`	$25.32M	USD	3 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-20.61M	USD	3 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-7.03M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$15.58M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$91.49M	USD	3 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$653.00K	USD	3 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$1.55M	USD	3 Qtrs
Distribution of capital from unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$9.16M	USD	3 Qtrs
Distribution of capital from unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$13.93M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.47M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.51M	USD	3 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$476.00K	USD	3 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$701.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-613.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.30M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$291.74M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$263.45M	USD	3 Qtrs
Repayments under non-recourse debt related to consolidated variable interest entity and note payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$64.00K	USD	3 Qtrs
Distributions to partner in consolidated variable interest entity	`PaymentsToMinorityShareholders`	$217.00K	USD	3 Qtrs
Distributions to partner in consolidated variable interest entity	`PaymentsToMinorityShareholders`	$300.00K	USD	3 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$14.46M	USD	3 Qtrs
Excess income tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$10.95M	USD	3 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$76.42M	USD	3 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$33.94M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-247.07M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-172.93M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-157.96M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-162.89M	USD	3 Qtrs
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$545.42M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$387.46M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$262.43M	USD	Point-in-time
Cash and cash equivalents, beginning 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`	$387.46M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$262.43M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$425.32M	USD	Point-in-time
Interest paid during the period, net of interest capitalized	`InterestPaidNet`	$20.90M	USD	3 Qtrs
Interest paid during the period, net of interest capitalized	`InterestPaidNet`	$24.31M	USD	3 Qtrs
Income taxes paid during the period, net of refunds	`IncomeTaxesPaidNet`	$123.84M	USD	3 Qtrs
Income taxes paid during the period, net of refunds	`IncomeTaxesPaidNet`	$148.12M	USD	3 Qtrs

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