2023 Q4 Form 10-Q Financial Statement

#000090616323000155 Filed on November 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $2.479B $2.569B
YoY Change -9.46% -7.98%
Cost Of Revenue $1.813B $1.902B
YoY Change -9.07% -9.09%
Gross Profit $666.5M $713.0M
YoY Change -10.53% 1.95%
Gross Profit Margin 26.88% 27.75%
Selling, General & Admin $175.6M $166.8M
YoY Change 7.55% 8.55%
% of Gross Profit 26.35% 23.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.316M $4.200M
YoY Change 3.77% -1.08%
% of Gross Profit 0.65% 0.59%
Operating Expenses $175.6M $166.7M
YoY Change 7.55% 8.48%
Operating Profit $490.8M $546.3M
YoY Change -15.61% 0.11%
Interest Expense -$6.791M -$6.900M
YoY Change -1.57% -4.19%
% of Operating Profit -1.38% -1.26%
Other Income/Expense, Net
YoY Change
Pretax Income $484.0M $539.3M
YoY Change -15.78% 0.15%
Income Tax $73.97M $106.2M
% Of Pretax Income 15.28% 19.69%
Net Earnings $410.1M $433.2M
YoY Change -9.83% 5.29%
Net Earnings / Revenue 16.54% 16.86%
Basic Earnings Per Share $132.90
Diluted Earnings Per Share $121.60 $125.30
COMMON SHARES
Basic Shares Outstanding 3.179M shares 3.264M shares
Diluted Shares Outstanding 3.458M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.163B $2.909B
YoY Change 25.37% 64.63%
Cash & Equivalents $3.163B $2.970B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $1.950B $2.004B
Prepaid Expenses
Receivables $29.00M $33.90M
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.142B $4.947B
YoY Change 18.7% 24.73%
LONG-TERM ASSETS
Property, Plant & Equipment $164.0M $161.9M
YoY Change 10.36% 12.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $29.20M $28.10M
YoY Change 7.35% 1.08%
Other Assets $200.6M $61.10M
YoY Change 2.84% 12.81%
Total Long-Term Assets $1.460B $1.426B
YoY Change 9.83% 0.13%
TOTAL ASSETS
Total Short-Term Assets $5.142B $4.947B
Total Long-Term Assets $1.460B $1.426B
Total Assets $6.602B $6.372B
YoY Change 16.62% 18.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $475.2M $440.6M
YoY Change 20.19% -11.18%
Accrued Expenses $514.3M $490.2M
YoY Change -2.96% -5.21%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.324B $1.286B
YoY Change 6.84% -7.43%
LONG-TERM LIABILITIES
Long-Term Debt $913.0M $913.5M
YoY Change -0.2% -0.2%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $913.0M $913.5M
YoY Change -0.2% -0.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.324B $1.286B
Total Long-Term Liabilities $913.0M $913.5M
Total Liabilities $2.237B $2.200B
YoY Change 3.85% -4.56%
SHAREHOLDERS EQUITY
Retained Earnings $13.37B $12.95B
YoY Change 13.52% 14.46%
Common Stock $2.849B $2.801B
YoY Change 9.56% 10.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.85B
YoY Change 9.04%
Treasury Stock Shares
Shareholders Equity $4.365B $4.173B
YoY Change
Total Liabilities & Shareholders Equity $6.602B $6.372B
YoY Change 16.62% 18.23%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $410.1M $433.2M
YoY Change -9.83% 5.29%
Depreciation, Depletion And Amortization $4.316M $4.200M
YoY Change 3.77% -1.08%
Cash From Operating Activities $495.7M $658.1M
YoY Change -39.34% 8.65%
INVESTING ACTIVITIES
Capital Expenditures $6.377M $7.100M
YoY Change -1.22% -320.43%
Acquisitions
YoY Change
Other Investing Activities -$423.0K $200.0K
YoY Change 26.65% -3.38%
Cash From Investing Activities -$6.700M -$6.900M
YoY Change -1.33% 128.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -243.5M -439.3M
YoY Change 325.33% 27.23%
NET CHANGE
Cash From Operating Activities 495.7M 658.1M
Cash From Investing Activities -6.700M -6.900M
Cash From Financing Activities -243.5M -439.3M
Net Change In Cash 245.5M 211.9M
YoY Change -67.4% -17.68%
FREE CASH FLOW
Cash From Operating Activities $495.7M $658.1M
Capital Expenditures $6.377M $7.100M
Free Cash Flow $489.3M $651.0M
YoY Change -39.65% 6.91%

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LeaseCost
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CY2022Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
7197000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
21865000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
21301000 usd
CY2022Q3 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
106000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
316000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
313000 usd
CY2023Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
422000 usd
CY2022Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
384000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1233000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1107000 usd
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7164000 usd
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11169000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
30501000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
35055000 usd
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
625000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
723000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2023Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P10Y3M18D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P10Y9M18D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.036
CY2023Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.030
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.029
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.182
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.236
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.243
CY2023Q3 nvr Adjustment To Income Tax Expense Income Tax Effect From Share Based Compensation Net
AdjustmentToIncomeTaxExpenseIncomeTaxEffectFromShareBasedCompensationNet
31877000 usd
nvr Adjustment To Income Tax Expense Income Tax Effect From Share Based Compensation Net
AdjustmentToIncomeTaxExpenseIncomeTaxEffectFromShareBasedCompensationNet
111028000 usd
CY2022Q3 nvr Adjustment To Income Tax Expense Income Tax Effect From Share Based Compensation Net
AdjustmentToIncomeTaxExpenseIncomeTaxEffectFromShareBasedCompensationNet
10558000 usd
nvr Adjustment To Income Tax Expense Income Tax Effect From Share Based Compensation Net
AdjustmentToIncomeTaxExpenseIncomeTaxEffectFromShareBasedCompensationNet
27748000 usd
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

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0000906163-23-000155-index-headers.html Edgar Link pending
0000906163-23-000155-index.html Edgar Link pending
0000906163-23-000155.txt Edgar Link pending
0000906163-23-000155-xbrl.zip Edgar Link pending
exhibit311q32023.htm Edgar Link pending
exhibit312q32023.htm Edgar Link pending
exhibit32q32023.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
nvr-20230930.htm Edgar Link pending
nvr-20230930.xsd Edgar Link pending
R1.htm Edgar Link pending
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nvr-20230930_lab.xml Edgar Link unprocessable
nvr-20230930_pre.xml Edgar Link unprocessable
nvr-20230930_def.xml Edgar Link unprocessable
nvr-20230930_htm.xml Edgar Link completed
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nvr-20230930_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable