10-Q Filing

NVR INC CIK: 906163 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001564590-17-014370`
Period End Date	20170630
Filing Date	20170728
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	nvr-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 39 Income Statement 32 Cash Flow Statement 63

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`	108,636.00	shares	Point-in-time
Deferred compensation trust, shares	`CommonStockSharesHeldInEmployeeTrustShares`	108,640.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	16.81M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	16.86M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$425.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$529.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$364.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$396.62M	USD	Point-in-time
Land under development	`InventoryRealEstateLandAndLandDevelopmentCosts`	$46.69M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$358.40M	USD	Point-in-time
Contract land deposits, net	`DepositsAssets`	$379.84M	USD	Point-in-time
Total assets	`Assets`	$2.64B	USD	Point-in-time
Total assets	`Assets`	$2.92B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.38B	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, 2017 and December 31, 2016	`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, 2017 and December 31, 2016	`CommonStockValue`	$206.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.61B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.52B	USD	Point-in-time
Deferred compensation trust 108,636 and 108,640 shares of NVR, Inc. common stock as of June 30, 2017 and December 31, 2016, respectively	`CommonStockSharesHeldInEmployeeTrust`	$17.37M	USD	Point-in-time
Deferred compensation trust 108,636 and 108,640 shares of NVR, Inc. common stock as of June 30, 2017 and December 31, 2016, respectively	`CommonStockSharesHeldInEmployeeTrust`	$17.38M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$17.38M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityCurrentAndNoncurrent`	$17.37M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.95B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.70B	USD	Point-in-time
Less treasury stock at cost 16,807,724 and 16,862,327 shares as of June 30, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$5.91B	USD	Point-in-time
Less treasury stock at cost 16,807,724 and 16,862,327 shares as of June 30, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$6.02B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.54B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.30B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.92B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.64B	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`	$5.91M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.75M	USD	2 Qtrs
Interest expense	`InterestExpense`	$9.90M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$248.03M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$341.13M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$144.72M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$208.97M	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`	$90.33M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$61.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$156.98M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$91.68M	USD	1 Quarter
Net income	`NetIncomeLoss`	$147.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$250.80M	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$40.34	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$39.46	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$67.30	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$23.51	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$35.19	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$22.01	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$60.36	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$37.82	USD	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	3.90M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	3.73M	shares	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	3.75M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	3.89M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.15M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.16M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.20M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.17M	shares	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$156.98M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$91.68M	USD	1 Quarter
Net income	`NetIncomeLoss`	$147.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$250.80M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.93M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.49M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$21.47M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$21.38M	USD	2 Qtrs
Contract land deposit impairments (recoveries), net	`ContractLandDepositImpairmentRecoveries`	$3.57M	USD	2 Qtrs
Contract land deposit impairments (recoveries), net	`ContractLandDepositImpairmentRecoveries`	$-1.44M	USD	2 Qtrs
Gain on sale of loans, net	`GainLossOnSaleOfMortgageLoans`	$47.47M	USD	2 Qtrs
Gain on sale of loans, net	`GainLossOnSaleOfMortgageLoans`	$36.69M	USD	2 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$1.56B	USD	2 Qtrs
Mortgage loans closed	`PaymentsForOriginationOfMortgageLoansHeldForSale`	$1.77B	USD	2 Qtrs
Mortgage loans sold and principal payments on mortgage loans held for sale	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$1.64B	USD	2 Qtrs
Mortgage loans sold and principal payments on mortgage loans held for sale	`ProceedsFromSaleOfMortgageLoansHeldForSale`	$1.94B	USD	2 Qtrs
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$6.13M	USD	2 Qtrs
Distribution of earnings from unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$3.61M	USD	2 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$272.85M	USD	2 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$240.71M	USD	2 Qtrs
Decrease (increase) in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$30.34M	USD	2 Qtrs
Decrease (increase) in contract land deposits	`IncreaseDecreaseInDepositsOutstanding`	$-17.87M	USD	2 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$2.89M	USD	2 Qtrs
Increase in receivables	`IncreaseDecreaseInReceivables`	$7.41M	USD	2 Qtrs
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.01M	USD	2 Qtrs
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$35.36M	USD	2 Qtrs
Increase in customer deposits	`IncreaseDecreaseInCustomerDeposits`	$30.78M	USD	2 Qtrs
Increase in customer deposits	`IncreaseDecreaseInCustomerDeposits`	$43.45M	USD	2 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-9.99M	USD	2 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-18.02M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$179.73M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$12.57M	USD	2 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$321.00K	USD	2 Qtrs
Investments in and advances to unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$455.00K	USD	2 Qtrs
Distribution of capital from unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$4.27M	USD	2 Qtrs
Distribution of capital from unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$7.00M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.78M	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`	$472.00K	USD	2 Qtrs
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$446.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.64M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.50M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$159.51M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$96.51M	USD	2 Qtrs
Distributions to partner in consolidated variable interest entity	`PaymentsToMinorityShareholders`	$150.00K	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$27.91M	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$117.97M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-68.75M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-41.54M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$132.69M	USD	2 Qtrs
Net increase (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`	$529.31M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$364.49M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$396.62M	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`	$529.31M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$364.49M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$396.62M	USD	Point-in-time
Interest paid during the period, net of interest capitalized	`InterestPaidNet`	$9.57M	USD	2 Qtrs
Interest paid during the period, net of interest capitalized	`InterestPaidNet`	$11.29M	USD	2 Qtrs
Income taxes paid during the period, net of refunds	`IncomeTaxesPaidNet`	$99.37M	USD	2 Qtrs
Income taxes paid during the period, net of refunds	`IncomeTaxesPaidNet`	$90.08M	USD	2 Qtrs

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