2011 Q4 Form 10-K Financial Statement

#000119312513065025 Filed on February 19, 2013

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2011 Q2
Revenue $744.0M $707.5M $698.4M
YoY Change -8.63% 3.86% -27.87%
Cost Of Revenue $616.7M $572.4M $558.6M
YoY Change -5.85% 5.84% -27.6%
Gross Profit $127.3M $137.7M $139.8M
YoY Change -20.14% -1.92% -29.0%
Gross Profit Margin 17.11% 19.46% 20.02%
Selling, General & Admin $76.40M $68.30M $75.90M
YoY Change 5.82% -8.57% -0.65%
% of Gross Profit 60.02% 49.6% 54.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.800M $1.700M $1.600M
YoY Change 0.0% -5.56% -11.11%
% of Gross Profit 1.41% 1.23% 1.14%
Operating Expenses $76.50M $68.20M $75.90M
YoY Change 5.96% -8.7% -0.65%
Operating Profit $50.80M $69.50M $63.90M
YoY Change -41.74% 5.78% -46.97%
Interest Expense -$400.0K -$500.0K -$600.0K
YoY Change -33.33% -37.5% -72.73%
% of Operating Profit -0.79% -0.72% -0.94%
Other Income/Expense, Net
YoY Change
Pretax Income $50.40M $68.90M $63.40M
YoY Change -41.73% 6.16% -46.41%
Income Tax $18.10M $25.53M $24.90M
% Of Pretax Income 35.91% 37.06% 39.27%
Net Earnings $32.39M $43.41M $38.45M
YoY Change -44.82% -1.12% -46.08%
Net Earnings / Revenue 4.35% 6.14% 5.5%
Basic Earnings Per Share $8.19
Diluted Earnings Per Share $6.32 $7.98 $6.48
COMMON SHARES
Basic Shares Outstanding 5.301M shares 5.785M shares
Diluted Shares Outstanding 5.437M shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $480.3M $496.4M $929.4M
YoY Change -59.75% -52.97% -14.8%
Cash & Equivalents $480.8M $497.1M $929.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $553.3M $603.0M $558.2M
Prepaid Expenses
Receivables $6.800M $7.300M $7.900M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.040B $1.107B $1.496B
YoY Change -37.1% -32.98% -3.49%
LONG-TERM ASSETS
Property, Plant & Equipment $24.90M $24.10M $24.60M
YoY Change 21.46% 22.96% 23.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $155.9M
YoY Change -15.68%
Total Long-Term Assets $739.1M $692.9M $680.2M
YoY Change 21.95% 15.77% -16.0%
TOTAL ASSETS
Total Short-Term Assets $1.040B $1.107B $1.496B
Total Long-Term Assets $739.1M $692.9M $680.2M
Total Assets $1.779B $1.800B $2.176B
YoY Change -21.26% -20.01% -7.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $152.0M $175.3M $173.5M
YoY Change 18.1% 4.28% -6.87%
Accrued Expenses $185.4M $203.3M $184.6M
YoY Change -21.81% -5.66% -10.95%
Deferred Revenue
YoY Change
Short-Term Debt $5.000M $5.700M $6.500M
YoY Change -34.21% -27.85%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $403.6M $450.9M $432.2M
YoY Change -5.5% -2.4% -6.63%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $1.700M $91.30M
YoY Change -100.0% -98.32% 12.72%
Other Long-Term Liabilities $1.000M $1.100M $1.200M
YoY Change 100.0%
Total Long-Term Liabilities $1.000M $2.800M $92.50M
YoY Change -98.92% -97.23% 14.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $403.6M $450.9M $432.2M
Total Long-Term Liabilities $1.000M $2.800M $92.50M
Total Liabilities $404.7M $453.6M $524.9M
YoY Change -22.13% -19.45% -3.51%
SHAREHOLDERS EQUITY
Retained Earnings $4.158B
YoY Change
Common Stock $1.073B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.857B
YoY Change
Treasury Stock Shares 15.58M shares
Shareholders Equity $1.375B $1.346B $1.651B
YoY Change
Total Liabilities & Shareholders Equity $1.779B $1.800B $2.176B
YoY Change -21.27% -20.01% -7.79%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2011 Q2
OPERATING ACTIVITIES
Net Income $32.39M $43.41M $38.45M
YoY Change -44.82% -1.12% -46.08%
Depreciation, Depletion And Amortization $1.800M $1.700M $1.600M
YoY Change 0.0% -5.56% -11.11%
Cash From Operating Activities $6.100M $20.60M -$16.20M
YoY Change -95.67% -206.74% -131.21%
INVESTING ACTIVITIES
Capital Expenditures -$2.700M -$1.200M -$6.500M
YoY Change 3.85% -14.29% 225.0%
Acquisitions
YoY Change
Other Investing Activities $1.300M $2.300M -$58.60M
YoY Change -95.08% -98.47% 15.13%
Cash From Investing Activities -$1.500M $1.000M -$64.90M
YoY Change -106.33% -99.33% 22.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.90M -455.0M -208.7M
YoY Change -22.01% 176.43% -16.62%
NET CHANGE
Cash From Operating Activities 6.100M 20.60M -16.20M
Cash From Investing Activities -1.500M 1.000M -64.90M
Cash From Financing Activities -20.90M -455.0M -208.7M
Net Change In Cash -16.30M -433.4M -289.8M
YoY Change -111.82% 1134.76% 15.32%
FREE CASH FLOW
Cash From Operating Activities $6.100M $20.60M -$16.20M
Capital Expenditures -$2.700M -$1.200M -$6.500M
Free Cash Flow $8.800M $21.80M -$9.700M
YoY Change -93.87% -221.79% -118.0%

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CY2012Q4 nvr Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Number
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CY2012Q4 nvr Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercisable Number
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CY2012Q4 nvr Finished Lots Committed To Purchase
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CY2012Q4 nvr Lots Controlled By Company
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CY2012Q4 nvr Number Of Joint Ventures Company Is Not Primary Beneficiary
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CY2012Q4 nvr Number Of Raw Parcels Of Land Acquired
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CY2012Q4 nvr Contingent Forfeitable Deposits With Land Developers
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CY2012Q4 nvr Contingent Obligations In Form Of Letters Of Credit
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CY2012Q4 nvr Contingent Obligations Under Bond Or Letter Of Credit Arrangements
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CY2012Q4 nvr Contingent Obligations Under Letter Of Credit Arrangements
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CY2012Q4 nvr Contingent Specific Performance Obligations
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CY2012Q4 nvr Debt Borrowings Due In Five Years
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CY2012Q4 nvr Debt Borrowings Due In Four Years
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CY2012Q4 nvr Debt Borrowings Due In Three Years
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CY2012Q4 nvr Debt Borrowings Due In Two Years
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CY2012Q4 nvr Debt Borrowings Due Thereafter
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600000000
CY2012Q4 nvr Debt Borrowings Outstanding
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600757000
CY2012Q4 nvr Cash Deposited Related To Lots
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256600000
CY2012Q4 nvr Cash And Cash Equivalents At Carrying Value Home Building
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CY2012Q4 nvr Cash Related To Consolidated Joint Venture
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906000
CY2012Q4 nvr Aggregate Additional Funding Commitments
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5000000
CY2012Q4 nvr Accrued Expenses Related To Consolidated Joint Venture
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935000
CY2012Q4 nvr Repurchase Facility Borrowing Capacity
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25000000
CY2012Q4 nvr Restricted Cash Related To Consolidated Joint Venture
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505000
CY2012Q4 nvr Segment Reporting Asset Reconciling Item Net Amount
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1346334000
CY2012Q4 nvr Segment Reporting Asset Reconciling Items Amount
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52880000
CY2012Q4 nvr Valuation Allowance Of Contract Land Deposits Assets
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65000000
CY2012Q4 nvr Treasury Stock Value Cumulative
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4754000000
CY2012Q4 nvr Variable Interest Entity Consolidated Carrying Amount Liabilities And Equity
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15626000
CY2012Q4 nvr Purchase Price Of Finished Lots Committed To Purchase
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7000000
CY2012Q4 nvr Operating Leases Future Minimum Payments Due Less Sublease Rentals
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71723000
CY2012Q4 nvr Other Assets Related To Consolidated Joint Venture
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833000
CY2012Q4 nvr Loss Reserve On Contract Land Deposits
LossReserveOnContractLandDeposits
65039000
CY2012Q4 nvr Letters Of Credit Related To Lots
LettersOfCreditRelatedToLots
3300000
CY2012Q4 nvr Land Under Development Related To Consolidated Joint Venture
LandUnderDevelopmentRelatedToConsolidatedJointVenture
13382000
CY2012Q4 nvr Equity Related To Consolidated Joint Venture
EquityRelatedToConsolidatedJointVenture
10117000
CY2012Q4 nvr Fall Out Rate Of Measuring Fair Value Of Rate Lock Commitments
FallOutRateOfMeasuringFairValueOfRateLockCommitments
0.07 pure
CY2012Q4 nvr Maximum Percentage Of Deposits Required Under Purchase Agreements
MaximumPercentageOfDepositsRequiredUnderPurchaseAgreements
0.10 pure
CY2012Q4 nvr Power Of Developers Equity Holders To Direct Operating Activities Of Development Entity
PowerOfDevelopersEquityHoldersToDirectOperatingActivitiesOfDevelopmentEntity
1.00 pure
CY2012Q4 nvr Average Basis Points Of Servicing Loan Amount
AverageBasisPointsOfServicingLoanAmount
0.0038 pure
CY2012Q4 nvr Treasury Stock Shares Acquired Cumulative
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22700000 shares
CY2012Q4 nvr Restricted Share Units Outstanding Number
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82619 shares
CY2012Q4 nvr Deferred Compensation Trust Shares
DeferredCompensationTrustShares
152223 shares
CY2012Q4 nvr Business Acquisition Purchase Price Hold Back
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2000000
CY2012Q4 nvr Business Acquisition Construction Loans Assumed
BusinessAcquisitionConstructionLoansAssumed
21900000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0099 pure
CY2010 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4264000
CY2010 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1119000
CY2010 us-gaap Depreciation Depletion And Amortization
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7263000
CY2010 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
77492000
CY2010 us-gaap Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
53866000
CY2010 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
46225000
CY2010 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
212440000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.4112 pure
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
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5893000 shares
CY2010 us-gaap Interest And Fee Income Loans Held For Sale Mortgages
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5411000
CY2010 us-gaap Payments To Acquire Held To Maturity Securities
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150000000
CY2010 us-gaap Increase Decrease In Other Operating Capital Net
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20644000
CY2010 us-gaap Effective Income Tax Rate Continuing Operations
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0.3610 pure
CY2010 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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CY2010 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
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CY2010 us-gaap Treasury Stock Value Acquired Cost Method
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417079000
CY2010 us-gaap Income Tax Expense Benefit Continuing Operations
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116388000
CY2010 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1307000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
165007000
CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
53136000
CY2010 us-gaap Proceeds And Excess Tax Benefit From Sharebased Compensation
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63558000
CY2010 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2010 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2010 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
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369535000
CY2010 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
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CY2010 us-gaap Provision For Loan Losses Expensed
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6200000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
4585 shares
CY2010 us-gaap Net Cash Provided By Used In Financing Activities
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CY2010 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
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CY2010 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
96449000
CY2010 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
12468000
CY2010 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
33172000
CY2010 us-gaap Revenues
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3041892000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0284 pure
CY2010 us-gaap Proceeds From Other Debt
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11759000
CY2010 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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CY2010 us-gaap Fees And Commissions Mortgage Banking
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61134000
CY2010 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
19200000
CY2010 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
53136000
CY2010 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
63558000
CY2010 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
33.42
CY2010 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
417079000
CY2010 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
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2109505000
CY2010 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
34.96
CY2010 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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1193000
CY2010 us-gaap Increase Decrease In Inventories
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8783000
CY2010 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
13558000
CY2010 us-gaap Net Income Loss
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CY2010 us-gaap Increase Decrease In Receivables
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
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0.3434 pure
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2010 us-gaap Interest Paid Net
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5805000
CY2010 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
116388000
CY2010 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
53136000
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
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6943000
CY2010 us-gaap Additions To Noncurrent Assets
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6943000
CY2010 us-gaap Repayments Of Other Debt
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4167000
CY2010 us-gaap Stock Issued During Period Shares Share Based Compensation
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CY2010 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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63558000
CY2010 us-gaap Proceeds From Collection Of Mortgage Loans Held For Sale
ProceedsFromCollectionOfMortgageLoansHeldForSale
2554000
CY2010 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
133370000
CY2010 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
40669000
CY2010 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
167000
CY2010 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
443565 shares
CY2010 us-gaap Interest Income Operating
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5301000
CY2010 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
573000
CY2010 us-gaap Interest Expense
InterestExpense
6029000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
256.35
CY2010 us-gaap Derivative Instruments Gain Loss Recognized In Income Net
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CY2010 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
7731000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000 pure
CY2010 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
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CY2010 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
112838000
CY2010 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
655000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
142381000
CY2012 us-gaap Earnings Per Share Diluted
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35.12
CY2010 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
6352000
CY2010 nvr Net Borrowings Under Notes Payable And Credit Lines
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77579000
CY2010 nvr Market Price Of Developed Lots
MarketPriceOfDevelopedLots
54600000
CY2012 nvr Restricted Share Units Exercise Price
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0
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IncomeLossFromContinuingOperationsBeforeIncomeTaxes
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CY2010 nvr Interest Income
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CY2010 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
39263000
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
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CY2010 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
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CY2010 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
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CY2010 nvr Finished Lots Expected Under Related Party Transaction
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600 Lot
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36000
CY2010 nvr Corporate Capital Allocation Charge
CorporateCapitalAllocationCharge
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CY2010 nvr Costs Accrued For New Warranty Contracts And Changes In Estimates For Pre Existing Warranties
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44633000
CY2010 nvr Cost Basis Of Related Party Parcel
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49000000
CY2010 nvr Contract Land Deposit Asset Impairment Charges
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CY2010 nvr Combined Plan Contributions Esop And Psp
CombinedPlanContributionsEsopAndPsp
6567000
CY2010 nvr Treasury Stock Acquired Value
TreasuryStockAcquiredValue
417100000
CY2010 nvr Investment In Newly Formed Consolidated Joint Venture
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25214000
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35704000
CY2010 nvr Increase Decrease In Accounts Payable Customer Deposits And Accrued Expenses
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56752000
CY2010 nvr Forfeiture Estimate Adjustment
ForfeitureEstimateAdjustment
7600000
CY2010 nvr Diluted Weighted Average Number Of Shares Outstanding
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6164617 shares
CY2010 nvr Basic Weighted Average Number Of Shares Outstanding
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CY2010 nvr Forfeiture Estimate Adjustment Homebuilding General And Administrative Expense
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6600000
CY2010 nvr Forfeiture Estimate Adjustment Mortgage General And Administrative Expense
ForfeitureEstimateAdjustmentMortgageGeneralAndAdministrativeExpense
600000
CY2010 nvr Forfeiture Estimate Adjustment Homebuilding Cost Of Sales
ForfeitureEstimateAdjustmentHomebuildingCostOfSales
400000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
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CY2011 us-gaap Asset Impairment Charges
AssetImpairmentCharges
11241000
CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
3548000
CY2011 us-gaap Depreciation Depletion And Amortization
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6672000
CY2011 us-gaap Proceeds From Stock Options Exercised
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CY2011 us-gaap Increase Decrease In Deposits Outstanding
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42385000
CY2011 us-gaap Gain Loss On Sale Of Mortgage Loans
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34632000
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
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CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5469000 shares
CY2011 us-gaap Interest And Fee Income Loans Held For Sale Mortgages
InterestAndFeeIncomeLoansHeldForSaleMortgages
5702000
CY2011 us-gaap Increase Decrease In Other Operating Capital Net
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896000
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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CY2011 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
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CY2011 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
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CY2011 us-gaap Income Tax Expense Benefit Continuing Operations
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CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2011 us-gaap Proceeds And Excess Tax Benefit From Sharebased Compensation
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CY2011 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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CY2011 us-gaap Increase Decrease In Receivables
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CY2011 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
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CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8100000
CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2011 us-gaap Net Income Loss
NetIncomeLoss
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CY2011 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1017588 shares
CY2011 us-gaap Provision For Loan Losses Expensed
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CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2011 us-gaap Operating Leases Rent Expense Net
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CY2011 us-gaap Fees And Commissions Mortgage Banking
FeesAndCommissionsMortgageBanking
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CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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64473000
CY2011 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
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CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
23.66
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10653000
CY2011 us-gaap Increase Decrease In Inventories
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CY2011 us-gaap Earnings Per Share Diluted
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CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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2964000
CY2011 us-gaap Payments For Repurchase Of Common Stock
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.3129 pure
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2011 us-gaap Net Cash Provided By Used In Financing Activities
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CY2011 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
108322000
CY2011 us-gaap Employee Stock Ownership Plan Esop Shares Contributed To Esop
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CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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3291000
CY2011 us-gaap Current Federal Tax Expense Benefit
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CY2011 us-gaap Revenues
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0286 pure
CY2011 us-gaap Proceeds From Other Debt
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5349000
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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CY2011 us-gaap Interest Paid Net
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CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2011 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
64473000
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11444000
CY2011 us-gaap Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
11444000
CY2011 us-gaap Repayments Of Other Debt
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CY2011 us-gaap Stock Issued During Period Shares Share Based Compensation
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CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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22835000
CY2011 us-gaap Proceeds From Collection Of Mortgage Loans Held For Sale
ProceedsFromCollectionOfMortgageLoansHeldForSale
4271000
CY2011 us-gaap Income Taxes Paid Net
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CY2011 nvr Diluted Weighted Average Number Of Shares Outstanding
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CY2011 nvr Basic Weighted Average Number Of Shares Outstanding
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CY2012 dei Document Fiscal Period Focus
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FY
CY2012 dei Entity Voluntary Filers
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No
CY2012 dei Document Fiscal Year Focus
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2012
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Document Period End Date
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2012-12-31
CY2012 dei Entity Central Index Key
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CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012 dei Trading Symbol
TradingSymbol
NVR
CY2012 dei Entity Registrant Name
EntityRegistrantName
NVR INC
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Amendment Flag
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false
CY2012 dei Entity Filer Category
EntityFilerCategory
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CY2012 us-gaap Interest And Fee Income Loans Held For Sale Mortgages
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CY2012 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
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CY2011Q3 nvr Contracts For Sale Net Of Cancellation
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CY2012 us-gaap Revenues
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CY2012 us-gaap Income Tax Expense Benefit
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7900000
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<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Use of Estimates in the Preparation of Financial Statements</i></b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (&#x201C;GAAP&#x201D;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Management continually evaluates the estimates used to prepare the consolidated financial statements and updates those estimates as necessary. In general, the Company&#x2019;s estimates are based on historical experience, on information from third party professionals, and other various assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ materially from those estimates made by management. Certain prior year amounts in the consolidated financial statements have been reclassified to conform to 2012 presentation.</font></p> </div>
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CY2012 nvr Combined Plan Contributions Esop And Psp
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CY2012 nvr Forfeiture Estimate Adjustment Homebuilding General And Administrative Expense
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CY2012 nvr Forfeiture Estimate Adjustment Homebuilding Cost Of Sales
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450000
CY2012 nvr Contract Land Deposit Asset Recovery
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5048 Backlog
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2475 Settlements
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43409000
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.98
CY2012Q3 nvr Contracts For Sale Net Of Cancellation
ContractsForSaleNetOfCancellation
2558 Contract
CY2011Q3 nvr Number Of Backlog Units At Period End
NumberOfBacklogUnitsAtPeriodEnd
3909 Backlog
CY2011Q3 nvr Number Of Settlements
NumberOfSettlements
2255 Settlements
CY2011Q3 nvr Loans Closed
LoansClosed
489866000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
53000000
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
10.33
CY2012Q3 nvr Number Of Backlog Units At Period End
NumberOfBacklogUnitsAtPeriodEnd
4950 Backlog
CY2012Q3 nvr Number Of Settlements
NumberOfSettlements
2656 Settlements
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
32392000
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.32
CY2011Q4 nvr Number Of Backlog Units At Period End
NumberOfBacklogUnitsAtPeriodEnd
3676 Backlog
CY2011Q4 nvr Number Of Settlements
NumberOfSettlements
2391 Settlements
CY2011Q4 nvr Contracts For Sale Net Of Cancellation
ContractsForSaleNetOfCancellation
2158 Contract
CY2011Q4 nvr Loans Closed
LoansClosed
520919000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
60627000
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
11.98
CY2012Q4 nvr Number Of Backlog Units At Period End
NumberOfBacklogUnitsAtPeriodEnd
4979 Backlog
CY2012Q4 nvr Number Of Settlements
NumberOfSettlements
2788 Settlements
CY2012Q4 nvr Contracts For Sale Net Of Cancellation
ContractsForSaleNetOfCancellation
2625 Contract
CY2012Q4 nvr Loans Closed
LoansClosed
642171000

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