2023 Q1 Form 10-Q Financial Statement

#000090616323000048 Filed on May 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q1
Revenue $2.178B
YoY Change -8.41%
Cost Of Revenue $1.608B
YoY Change -2.63%
Gross Profit $607.3M
YoY Change -16.98%
Gross Profit Margin 27.88%
Selling, General & Admin $166.3M
YoY Change 9.08%
% of Gross Profit 27.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.188M
YoY Change -6.1%
% of Gross Profit 0.69%
Operating Expenses $166.3M
YoY Change 9.08%
Operating Profit $441.1M
YoY Change -23.84%
Interest Expense $7.258M
YoY Change -44.87%
% of Operating Profit 1.65%
Other Income/Expense, Net
YoY Change
Pretax Income $433.8M
YoY Change -23.35%
Income Tax $89.46M
% Of Pretax Income 20.62%
Net Earnings $344.4M
YoY Change -19.19%
Net Earnings / Revenue 15.81%
Basic Earnings Per Share $106.30
Diluted Earnings Per Share $99.89
COMMON SHARES
Basic Shares Outstanding 3.249M shares
Diluted Shares Outstanding 3.447M shares

Balance Sheet

Concept 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.801B
YoY Change 29.79%
Cash & Equivalents $2.859B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $1.866B
Prepaid Expenses
Receivables $23.31M
Other Receivables $0.00
Total Short-Term Assets $4.690B
YoY Change 7.19%
LONG-TERM ASSETS
Property, Plant & Equipment $153.2M
YoY Change 19.19%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $27.20M
YoY Change 44.68%
Other Assets $57.83M
YoY Change -16.46%
Total Long-Term Assets $1.386B
YoY Change 2.59%
TOTAL ASSETS
Total Short-Term Assets $4.690B
Total Long-Term Assets $1.386B
Total Assets $6.076B
YoY Change 6.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $422.1M
YoY Change -7.56%
Accrued Expenses $558.8M
YoY Change -2.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.316B
YoY Change -11.35%
LONG-TERM LIABILITIES
Long-Term Debt $914.4M
YoY Change -39.68%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $914.4M
YoY Change -39.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.316B
Total Long-Term Liabilities $914.4M
Total Liabilities $2.231B
YoY Change -25.66%
SHAREHOLDERS EQUITY
Retained Earnings $12.12B
YoY Change 15.69%
Common Stock $2.677B
YoY Change 10.76%
Preferred Stock
YoY Change
Treasury Stock (at cost) $10.95B
YoY Change 7.71%
Treasury Stock Shares
Shareholders Equity $3.845B
YoY Change
Total Liabilities & Shareholders Equity $6.076B
YoY Change 6.11%

Cashflow Statement

Concept 2023 Q1
OPERATING ACTIVITIES
Net Income $344.4M
YoY Change -19.19%
Depreciation, Depletion And Amortization $4.188M
YoY Change -6.1%
Cash From Operating Activities $315.5M
YoY Change 2.0%
INVESTING ACTIVITIES
Capital Expenditures $2.714M
YoY Change -33.09%
Acquisitions
YoY Change
Other Investing Activities -$201.0K
YoY Change -23.28%
Cash From Investing Activities -$2.915M
YoY Change -32.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$28.53M
YoY Change -96.01%
NET CHANGE
Cash From Operating Activities $315.5M
Cash From Investing Activities -$2.915M
Cash From Financing Activities -$28.53M
Net Change In Cash $284.1M
YoY Change -169.3%
FREE CASH FLOW
Cash From Operating Activities $315.5M
Capital Expenditures $2.714M
Free Cash Flow $312.8M
YoY Change 2.47%

Facts In Submission

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CY2022Q1 us-gaap Stockholders Equity
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2725599000 usd
CY2023Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
21174 shares
CY2022Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
146054 shares
CY2023Q1 nvr Stock Issued During Period Shares Treasury Stock Reissued Upon Exercise Of Stock Option And Other
StockIssuedDuringPeriodSharesTreasuryStockReissuedUponExerciseOfStockOptionAndOther
43941 shares
CY2022Q1 nvr Stock Issued During Period Shares Treasury Stock Reissued Upon Exercise Of Stock Option And Other
StockIssuedDuringPeriodSharesTreasuryStockReissuedUponExerciseOfStockOptionAndOther
13323 shares
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
144006000 usd
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
134859000 usd
CY2023Q1 nvr Costs Accrued For New Warranty Contracts And Changes In Estimates For Pre Existing Warranties
CostsAccruedForNewWarrantyContractsAndChangesInEstimatesForPreExistingWarranties
21270000 usd
CY2022Q1 nvr Costs Accrued For New Warranty Contracts And Changes In Estimates For Pre Existing Warranties
CostsAccruedForNewWarrantyContractsAndChangesInEstimatesForPreExistingWarranties
17967000 usd
CY2023Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
20845000 usd
CY2022Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
17485000 usd
CY2023Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
144431000 usd
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
135341000 usd
CY2023Q1 us-gaap Revenues
Revenues
2178277000 usd
CY2022Q1 us-gaap Revenues
Revenues
2378409000 usd
CY2023Q1 nvr Corporate Interest Income
CorporateInterestIncome
29939000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
433810000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
565945000 usd
CY2023Q1 us-gaap Assets
Assets
6075905000 usd
CY2022Q4 us-gaap Assets
Assets
5660973000 usd
CY2023Q1 nvr Fair Value Measurement Assumed Gain Loss From Loan Sale
FairValueMeasurementAssumedGainLossFromLoanSale
4757000 usd
CY2023Q1 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
20
CY2023Q1 nvr Fair Value Measurements Interest Rate Movement Effect
FairValueMeasurementsInterestRateMovementEffect
12561000 usd
CY2023Q1 nvr Fair Value Measurements Changes In Servicing Rights Value
FairValueMeasurementsChangesInServicingRightsValue
31610000 usd
CY2023Q1 nvr Fair Value Measurements Security Price Change Gain Loss Included In Earnings
FairValueMeasurementsSecurityPriceChangeGainLossIncludedInEarnings
-14175000 usd
CY2023Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
34753000 usd
CY2022 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-7435000 usd
CY2023Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
13492000 usd
CY2023Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
14851000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
13745000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
15002000 usd
CY2023Q1 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P17Y4M24D
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
9140000 usd
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
8101000 usd
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
502000 usd
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
464000 usd
CY2023Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
105000 usd
CY2022Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
104000 usd
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
7492000 usd
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
6332000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
17239000 usd
CY2022Q1 us-gaap Lease Cost
LeaseCost
15001000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
7316000 usd
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
7169000 usd
CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
105000 usd
CY2022Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
104000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
400000 usd
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
356000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
13247000 usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5813000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
249000 usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
272000 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2023Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P10Y7M6D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P10Y9M18D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.038
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.036
CY2023Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.029
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.029
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.206
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.247
CY2023Q1 nvr Adjustment To Income Tax Expense Income Tax Effect From Share Based Compensation Net
AdjustmentToIncomeTaxExpenseIncomeTaxEffectFromShareBasedCompensationNet
23245000 usd
CY2022Q1 nvr Adjustment To Income Tax Expense Income Tax Effect From Share Based Compensation Net
AdjustmentToIncomeTaxExpenseIncomeTaxEffectFromShareBasedCompensationNet
8446000 usd

Files In Submission

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nvr-20230331_cal.xml Edgar Link unprocessable
nvr-20230331_lab.xml Edgar Link unprocessable
0000906163-23-000048-index-headers.html Edgar Link pending
0000906163-23-000048-index.html Edgar Link pending
0000906163-23-000048.txt Edgar Link pending
0000906163-23-000048-xbrl.zip Edgar Link pending
exhibit311q12023.htm Edgar Link pending
exhibit312q12023.htm Edgar Link pending
exhibit32q12023.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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nvr-20230331.htm Edgar Link pending
nvr-20230331.xsd Edgar Link pending
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