2022 Q4 Form 10-Q Financial Statement

#000090616322000104 Filed on November 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $2.739B $2.792B $2.396B
YoY Change 22.52% 16.54% 20.38%
Cost Of Revenue $1.994B $2.092B $1.818B
YoY Change 21.12% 15.1% 18.36%
Gross Profit $744.9M $699.4M $582.6M
YoY Change 26.44% 20.05% 26.89%
Gross Profit Margin 27.2% 25.05% 24.32%
Selling, General & Admin $163.3M $153.7M $135.2M
YoY Change 9.49% 13.67% 7.37%
% of Gross Profit 21.92% 21.97% 23.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.159M $4.246M $4.682M
YoY Change -12.31% -9.31% -14.87%
% of Gross Profit 0.56% 0.61% 0.8%
Operating Expenses $163.3M $153.7M $135.2M
YoY Change 9.49% 13.67% 7.29%
Operating Profit $581.6M $545.7M $447.4M
YoY Change 32.18% 21.98% 34.31%
Interest Expense -$6.899M -$7.202M $13.24M
YoY Change -47.76% -154.38% 13.31%
% of Operating Profit -1.19% -1.32% 2.96%
Other Income/Expense, Net
YoY Change
Pretax Income $574.7M $538.5M $434.1M
YoY Change 34.66% 24.05% 35.05%
Income Tax $120.0M $127.1M $102.0M
% Of Pretax Income 20.87% 23.61% 23.51%
Net Earnings $454.8M $411.4M $332.1M
YoY Change 35.92% 23.88% 29.48%
Net Earnings / Revenue 16.61% 14.74% 13.86%
Basic Earnings Per Share $126.00 $93.25
Diluted Earnings Per Share $133.4M $118.5M $86.44
COMMON SHARES
Basic Shares Outstanding 3.196M shares 3.283M shares 3.561M shares
Diluted Shares Outstanding 3.471M shares 3.842M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.523B $1.767B $2.703B
YoY Change -1.97% -34.63% 5.55%
Cash & Equivalents $2.523B $1.767B $2.748B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $1.788B $2.170B $1.864B
Prepaid Expenses
Receivables $20.84M $28.38M $22.53M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.332B $3.966B $4.589B
YoY Change -4.57% -13.58% 5.6%
LONG-TERM ASSETS
Property, Plant & Equipment $148.6M $143.7M $130.6M
YoY Change 14.83% 10.07% -0.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $27.20M $27.80M $20.80M
YoY Change 33.99% 33.65% -27.53%
Other Assets $195.0M $54.16M $44.68M
YoY Change -0.58% 21.22% 43.21%
Total Long-Term Assets $1.329B $1.424B $1.200B
YoY Change 2.62% 18.67% 3.94%
TOTAL ASSETS
Total Short-Term Assets $4.332B $3.966B $4.589B
Total Long-Term Assets $1.329B $1.424B $1.200B
Total Assets $5.661B $5.390B $5.789B
YoY Change -2.97% -6.9% 5.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $395.4M $496.0M $379.9M
YoY Change 1.92% 30.56% -2.15%
Accrued Expenses $530.0M $517.1M $493.8M
YoY Change 3.84% 4.74% 6.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.239B $1.389B $1.255B
YoY Change -5.82% 10.68% 18.1%
LONG-TERM LIABILITIES
Long-Term Debt $914.9M $915.3M $1.517B
YoY Change -39.66% -39.64% -0.1%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $914.9M $915.3M $1.517B
YoY Change -39.66% -39.64% -0.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.239B $1.389B $1.255B
Total Long-Term Liabilities $914.9M $915.3M $1.517B
Total Liabilities $2.154B $2.305B $2.772B
YoY Change -23.94% -16.85% 7.4%
SHAREHOLDERS EQUITY
Retained Earnings $11.77B $11.32B $9.713B
YoY Change 17.17% 16.53% 14.19%
Common Stock $2.600B $2.539B $2.349B
YoY Change 9.33% 8.08% 7.35%
Preferred Stock
YoY Change
Treasury Stock (at cost) $10.87B $10.77B $9.045B
YoY Change 15.31% 19.1% 16.33%
Treasury Stock Shares 17.34M shares 17.34M shares 17.04M shares
Shareholders Equity $3.507B $3.085B $3.017B
YoY Change
Total Liabilities & Shareholders Equity $5.661B $5.390B $5.789B
YoY Change -2.97% -6.9% 5.25%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $454.8M $411.4M $332.1M
YoY Change 35.92% 23.88% 29.48%
Depreciation, Depletion And Amortization $4.159M $4.246M $4.682M
YoY Change -12.31% -9.31% -14.87%
Cash From Operating Activities $817.2M $605.7M $461.3M
YoY Change 214.18% 31.31% 121.13%
INVESTING ACTIVITIES
Capital Expenditures $6.456M -$3.221M -$5.326M
YoY Change -208.89% -39.52% 29.9%
Acquisitions
YoY Change
Other Investing Activities -$334.0K $207.0K -$38.00K
YoY Change 26.52% -644.74% -81.0%
Cash From Investing Activities -$6.790M -$3.014M -$5.364M
YoY Change 9.64% -43.81% 24.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -57.24M -345.3M -372.7M
YoY Change -84.32% -7.35% -203.49%
NET CHANGE
Cash From Operating Activities 817.2M 605.7M 461.3M
Cash From Investing Activities -6.790M -3.014M -5.364M
Cash From Financing Activities -57.24M -345.3M -372.7M
Net Change In Cash 753.2M 257.4M 83.23M
YoY Change -778.06% 209.24% -85.25%
FREE CASH FLOW
Cash From Operating Activities $817.2M $605.7M $461.3M
Capital Expenditures $6.456M -$3.221M -$5.326M
Free Cash Flow $810.7M $608.9M $466.6M
YoY Change 204.75% 30.5% 119.37%

Facts In Submission

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32625000 usd
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InterestExpense
39910000 usd
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32000 usd
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RealEstateInventoryCapitalizedInterestCostsCostOfSales1
528000 usd
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RealEstateInventoryCapitalizedInterestCosts
564000 usd
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RealEstateInventoryCapitalizedInterestCosts
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RealEstateInventoryCapitalizedInterestCosts
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RealEstateInventoryCapitalizedInterestCosts
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CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022Q3 us-gaap Share Based Compensation
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CY2022Q3 us-gaap Treasury Stock Shares Acquired
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CY2022Q3 nvr Stock Issued During Period Shares Treasury Stock Reissued Upon Exercise Of Stock Option And Other
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
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CY2021Q3 us-gaap Treasury Stock Shares Acquired
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us-gaap Treasury Stock Shares Acquired
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CY2021Q3 nvr Stock Issued During Period Shares Treasury Stock Reissued Upon Exercise Of Stock Option And Other
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CY2021Q4 us-gaap Product Warranty Accrual
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CY2020Q4 us-gaap Product Warranty Accrual
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CY2022Q3 nvr Costs Accrued For New Warranty Contracts And Changes In Estimates For Pre Existing Warranties
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28624000 usd
CY2021Q3 nvr Costs Accrued For New Warranty Contracts And Changes In Estimates For Pre Existing Warranties
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CostsAccruedForNewWarrantyContractsAndChangesInEstimatesForPreExistingWarranties
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CostsAccruedForNewWarrantyContractsAndChangesInEstimatesForPreExistingWarranties
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CY2022Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
23066000 usd
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ProductWarrantyAccrualPayments
20188000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
62203000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
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CY2022Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
143798000 usd
CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
130103000 usd
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CY2021Q3 us-gaap Product Warranty Accrual
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CY2022Q3 us-gaap Revenues
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CY2021Q3 us-gaap Revenues
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2395640000 usd
us-gaap Revenues
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7814252000 usd
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6720684000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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538515000 usd
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1678472000 usd
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1163598000 usd
CY2022Q3 us-gaap Assets
Assets
5389534000 usd
CY2021Q4 us-gaap Assets
Assets
5834475000 usd
nvr Fair Value Measurement Assumed Gain Loss From Loan Sale
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4069000 usd
nvr Fair Value Measurements Interest Rate Movement Effect
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nvr Fair Value Measurements Changes In Servicing Rights Value
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34827000 usd
nvr Fair Value Measurements Security Price Change Gain Loss Included In Earnings
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38388000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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-28021000 usd
CY2021 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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18237000 usd
CY2022Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
13875000 usd
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
15030000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
14578000 usd
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
15413000 usd
CY2022Q3 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P18Y
us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
20
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
9422000 usd
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
7906000 usd
us-gaap Operating Lease Expense
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26051000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
23395000 usd
CY2022Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
489000 usd
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
454000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1426000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1342000 usd
CY2022Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
106000 usd
CY2021Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
107000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
313000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
324000 usd
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
7395000 usd
CY2021Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
6001000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
20219000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
17752000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
17412000 usd
CY2021Q3 us-gaap Lease Cost
LeaseCost
14468000 usd
us-gaap Lease Cost
LeaseCost
48009000 usd
us-gaap Lease Cost
LeaseCost
42813000 usd
CY2022Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
7197000 usd
CY2021Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
7143000 usd
us-gaap Operating Lease Payments
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21301000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
20831000 usd
CY2022Q3 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
106000 usd
CY2021Q3 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
107000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
313000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
324000 usd
CY2022Q3 us-gaap Finance Lease Principal Payments
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384000 usd
CY2021Q3 us-gaap Finance Lease Principal Payments
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347000 usd
us-gaap Finance Lease Principal Payments
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1107000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1008000 usd
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2021Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3711000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
35055000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
23282000 usd
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2021Q3 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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723000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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276000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P11Y8M12D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.034
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CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.029
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FinanceLeaseWeightedAverageDiscountRatePercent
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CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
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0.236
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0.235
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.225
nvr Adjustment To Income Tax Expense Income Tax Effect From Share Based Compensation Net
AdjustmentToIncomeTaxExpenseIncomeTaxEffectFromShareBasedCompensationNet
27748000 usd
nvr Adjustment To Income Tax Expense Income Tax Effect From Share Based Compensation Net
AdjustmentToIncomeTaxExpenseIncomeTaxEffectFromShareBasedCompensationNet
37834000 usd

Files In Submission

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