$NVR
NVR INC

2015 Q4 Form 10-K Financial Statement

#000156459017001623 Filed on February 15, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $1.558B $1.402B $1.244B
YoY Change 17.13% 16.56% 12.85%
Cost Of Revenue $1.239B $1.112B $986.9M
YoY Change 15.69% 15.79% 11.79%
Gross Profit $319.7M $293.7M $259.4M
YoY Change 23.06% 19.58% 17.54%
Gross Profit Margin 20.52% 20.94% 20.86%
Selling, General & Admin $106.9M $102.6M $104.8M
YoY Change 4.09% 6.76% -1.32%
% of Gross Profit 33.44% 34.93% 40.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.300M $5.500M $5.400M
YoY Change 6.0% 17.02% 28.57%
% of Gross Profit 1.66% 1.87% 2.08%
Operating Expenses $106.9M $102.6M $104.8M
YoY Change 4.09% 6.88% -1.32%
Operating Profit $212.8M $191.1M $154.6M
YoY Change 35.46% 27.74% 35.02%
Interest Expense -$5.600M $6.081M -$6.000M
YoY Change -3.45% 5.3% -204.84%
% of Operating Profit -2.63% 3.18% -3.88%
Other Income/Expense, Net
YoY Change
Pretax Income $207.2M $185.0M $148.7M
YoY Change 37.04% 28.66% 36.64%
Income Tax $73.20M $68.53M $55.30M
% Of Pretax Income 35.33% 37.04% 37.19%
Net Earnings $134.0M $116.5M $93.40M
YoY Change 34.74% 29.19% 36.99%
Net Earnings / Revenue 8.6% 8.31% 7.51%
Basic Earnings Per Share $28.75
Diluted Earnings Per Share $31.92 $27.11 $21.91
COMMON SHARES
Basic Shares Outstanding 4.050M 4.065M
Diluted Shares Outstanding 4.296M

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $424.3M $386.3M $495.7M
YoY Change -22.13% -16.69% -10.18%
Cash & Equivalents $450.8M $387.5M $495.7M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $1.008B $1.163B $1.088B
Prepaid Expenses
Receivables $11.50M $9.900M $16.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.444B $1.560B $1.600B
YoY Change 1.13% 4.3% 4.8%
LONG-TERM ASSETS
Property, Plant & Equipment $50.00M $50.40M $50.70M
YoY Change -4.58% -4.55% 0.0%
Goodwill $441.0K $441.0K
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $59.80M $63.50M $67.30M
YoY Change -25.34% -24.22% -18.13%
Other Assets
YoY Change
Total Long-Term Assets $1.068B $1.011B $996.5M
YoY Change 15.63% 10.17% 16.46%
TOTAL ASSETS
Total Short-Term Assets $1.444B $1.560B $1.600B
Total Long-Term Assets $1.068B $1.011B $996.5M
Total Assets $2.512B $2.571B $2.596B
YoY Change 6.82% 6.53% 8.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $259.7M $295.7M $282.6M
YoY Change 12.72% 18.09% 10.48%
Accrued Expenses $304.9M $301.6M $299.6M
YoY Change 5.47% 4.11% 1.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $675.6M $729.4M $720.6M
YoY Change 7.85% 10.48% 5.75%
LONG-TERM LIABILITIES
Long-Term Debt $595.8M $599.2M $599.2M
YoY Change -0.57% 0.02% 0.02%
Other Long-Term Liabilities $1.100M $1.600M $1.700M
YoY Change -31.25% -30.43% -26.09%
Total Long-Term Liabilities $596.9M $600.8M $600.9M
YoY Change -0.65% -0.1% -0.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $675.6M $729.4M $720.6M
Total Long-Term Liabilities $596.9M $600.8M $600.9M
Total Liabilities $1.273B $1.330B $1.321B
YoY Change 3.71% 5.43% 3.01%
SHAREHOLDERS EQUITY
Retained Earnings $5.270B
YoY Change 7.84%
Common Stock $1.448B
YoY Change 9.23%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.479B
YoY Change 7.67%
Treasury Stock Shares $16.66M $16.57M
Shareholders Equity $1.239B $1.240B $1.275B
YoY Change
Total Liabilities & Shareholders Equity $2.512B $2.571B $2.596B
YoY Change 6.82% 6.53% 8.99%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $134.0M $116.5M $93.40M
YoY Change 34.74% 29.19% 36.99%
Depreciation, Depletion And Amortization $5.300M $5.500M $5.400M
YoY Change 6.0% 17.02% 28.57%
Cash From Operating Activities $211.1M $56.00M -$38.80M
YoY Change -6.76% -325.81% 2884.62%
INVESTING ACTIVITIES
Capital Expenditures -$4.800M -$4.900M -$3.700M
YoY Change 9.09% -24.62% -75.97%
Acquisitions
YoY Change
Other Investing Activities $4.400M $3.200M $4.300M
YoY Change 33.33% 357.14% 34.38%
Cash From Investing Activities -$400.0K -$1.700M $600.0K
YoY Change -63.64% -70.69% -104.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -172.9M -164.4M 3.300M
YoY Change 18.26% 189.44% -101.06%
NET CHANGE
Cash From Operating Activities 211.1M 56.00M -38.80M
Cash From Investing Activities -400.0K -1.700M 600.0K
Cash From Financing Activities -172.9M -164.4M 3.300M
Net Change In Cash 37.80M -110.1M -34.90M
YoY Change -52.21% 25.97% -89.28%
FREE CASH FLOW
Cash From Operating Activities $211.1M $56.00M -$38.80M
Capital Expenditures -$4.800M -$4.900M -$3.700M
Free Cash Flow $215.9M $60.90M -$35.10M
YoY Change -6.46% -432.79% -348.94%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2016 dei Entity Well Known Seasoned Issuer
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CY2016 dei Entity Voluntary Filers
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CY2016 dei Entity Filer Category
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CY2016 us-gaap Use Of Estimates
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<div> <p style="margin-bottom:0pt;margin-top:12pt;margin-left:4.54%;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates in the Preparation of Financial Statements </p> <p style="margin-bottom:0pt;margin-top:6pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) 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&#8217;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. </p></div>
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18277000
CY2016Q4 nvr Contract Land Deposits
ContractLandDeposits
411150000
CY2015Q4 nvr Contract Land Deposits
ContractLandDeposits
385534000
CY2016Q4 us-gaap Deposits Assets
DepositsAssets
379844000
CY2015Q4 us-gaap Deposits Assets
DepositsAssets
343295000
CY2016Q4 nvr Letters Of Credit Related To Lots
LettersOfCreditRelatedToLots
2379000
CY2015Q4 nvr Letters Of Credit Related To Lots
LettersOfCreditRelatedToLots
3302000
CY2016Q4 nvr Contingent Specific Performance Obligations
ContingentSpecificPerformanceObligations
1505000
CY2015Q4 nvr Contingent Specific Performance Obligations
ContingentSpecificPerformanceObligations
1505000
CY2016Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
383728000
CY2015Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
348102000
CY2015Q4 nvr Joint Venture Lots Controlled By Company
JointVentureLotsControlledByCompany
4700
CY2015Q4 nvr Joint Venture Lots Either Under Contract With Unrelated Parties Or Not Under Contract
JointVentureLotsEitherUnderContractWithUnrelatedPartiesOrNotUnderContract
3300
CY2015Q4 nvr Aggregate Additional Funding Commitments
AggregateAdditionalFundingCommitments
11500000
CY2015Q4 nvr Number Joint Ventures With Additional Funding Commitment
NumberJointVenturesWithAdditionalFundingCommitment
3
CY2016Q4 nvr Number Of Raw Parcels Of Land Owned
NumberOfRawParcelsOfLandOwned
4
CY2016Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
46999000
CY2016Q4 nvr Number Of Finished Lots Intended To Be Developed From Raw Parcels Of Land
NumberOfFinishedLotsIntendedToBeDevelopedFromRawParcelsOfLand
600
CY2016Q4 nvr Aggregate Additional Funding Commitments Related To Raw Land Property Development
AggregateAdditionalFundingCommitmentsRelatedToRawLandPropertyDevelopment
12000000
CY2016 nvr Expected Development Credit Offset Amount
ExpectedDevelopmentCreditOffsetAmount
7100000
CY2016Q1 nvr Inventory Real Estate Land Acquisition Costs
InventoryRealEstateLandAcquisitionCosts
150000000
CY2016 nvr Finished Lots Sold Under Contract To Unrelated Party
FinishedLotsSoldUnderContractToUnrelatedParty
56
CY2016 nvr Amount Of Finished Lots Sold Under Contract To Unrelated Party
AmountOfFinishedLotsSoldUnderContractToUnrelatedParty
16800000
CY2015Q4 nvr Number Of Raw Parcels Of Land Owned
NumberOfRawParcelsOfLandOwned
4
CY2015Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
60611000
CY2015Q4 nvr Number Of Finished Lots Intended To Be Developed From Raw Parcels Of Land
NumberOfFinishedLotsIntendedToBeDevelopedFromRawParcelsOfLand
980
CY2015Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
4434000
CY2014Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
4072000
CY2013Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
3294000
CY2016 us-gaap Interest Costs Incurred
InterestCostsIncurred
25951000
CY2015 us-gaap Interest Costs Incurred
InterestCostsIncurred
25155000
CY2014 us-gaap Interest Costs Incurred
InterestCostsIncurred
24994000
CY2016 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
3572000
CY2015 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
1234000
CY2014 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
1076000
CY2016Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
5106000
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3693000
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3891000
CY2016 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
280000
CY2016 nvr Stock Issued During Period Shares Treasury Stock Reissued For Equity Plan Activity
StockIssuedDuringPeriodSharesTreasuryStockReissuedForEquityPlanActivity
83000
CY2015 nvr Stock Issued During Period Shares Treasury Stock Reissued For Equity Plan Activity
StockIssuedDuringPeriodSharesTreasuryStockReissuedForEquityPlanActivity
131000
CY2015Q1 nvr Number Of Backlog Units At Period End
NumberOfBacklogUnitsAtPeriodEnd
6867
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0249
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.1826
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.3057
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
267.66
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
22900000
CY2014 nvr Stock Issued During Period Shares Treasury Stock Reissued For Equity Plan Activity
StockIssuedDuringPeriodSharesTreasuryStockReissuedForEquityPlanActivity
123000
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
209454000
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
180895000
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
38095000
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
36142000
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-9230000
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2681000
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1884000
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
567000
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-735000
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
76498000
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
77781000
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
7075000
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
7280000
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
55077000
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
45361000
CY2016Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
13514000
CY2015Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
12722000
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
23954000
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
24740000
CY2016Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
10106000
CY2015Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
9391000
CY2016Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
186224000
CY2015Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
177275000
CY2016Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
5414000
CY2015Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
6489000
CY2016Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
180810000
CY2015Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
170786000
CY2016 nvr Estimated Federal Taxable Income
EstimatedFederalTaxableIncome
575684000
CY2015 nvr Estimated Federal Taxable Income
EstimatedFederalTaxableIncome
471512000
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
231595000
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
211124000
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
158741000
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
23738000
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
23919000
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-18898000
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-14758000
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-5625000
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.3573
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.3652
CY2014 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
7000000
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
46591000
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
46004000
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
4440000
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
3897000
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
4921000
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
3310000
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
46110000
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
29971000
CY2015 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
125000
CY2016 nvr Unrecognized Tax Benefits Interest On Income Taxes Reversal
UnrecognizedTaxBenefitsInterestOnIncomeTaxesReversal
1582000
CY2014 nvr Unrecognized Tax Benefits Interest On Income Taxes Reversal
UnrecognizedTaxBenefitsInterestOnIncomeTaxesReversal
184000
CY2016Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
19639000
CY2015Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
21221000
CY2016Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
10614000
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y3M7D
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y2M1D
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0086
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0104
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0106
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0221
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0207
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.1591
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.1700
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.2349
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.2679
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
320.21
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
296.50
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
17000000
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
19700000
CY2016Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
128700000
CY2016 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M6D
CY2016 nvr Stock Issued During Period Shares Treasury Stock Reissued Upon Exercise Of Stock Option And Other
StockIssuedDuringPeriodSharesTreasuryStockReissuedUponExerciseOfStockOptionAndOther
83000
CY2015 nvr Stock Issued During Period Shares Treasury Stock Reissued Upon Exercise Of Stock Option And Other
StockIssuedDuringPeriodSharesTreasuryStockReissuedUponExerciseOfStockOptionAndOther
131000
CY2014 nvr Stock Issued During Period Shares Treasury Stock Reissued Upon Exercise Of Stock Option And Other
StockIssuedDuringPeriodSharesTreasuryStockReissuedUponExerciseOfStockOptionAndOther
123000
CY2016 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
38106000
CY2015 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
85948000
CY2014 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
76153000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
96600000
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
99288000
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
62136000
CY2016 nvr Combined Plan Contributions Employee Stock Ownership Plan And Profit Sharing Plan
CombinedPlanContributionsEmployeeStockOwnershipPlanAndProfitSharingPlan
16700000
CY2015 nvr Combined Plan Contributions Employee Stock Ownership Plan And Profit Sharing Plan
CombinedPlanContributionsEmployeeStockOwnershipPlanAndProfitSharingPlan
17900000
CY2014 nvr Combined Plan Contributions Employee Stock Ownership Plan And Profit Sharing Plan
CombinedPlanContributionsEmployeeStockOwnershipPlanAndProfitSharingPlan
17000000
CY2016 us-gaap Employee Stock Ownership Plan Esop Shares Contributed To Esop
EmployeeStockOwnershipPlanESOPSharesContributedToESOP
9000
CY2015 us-gaap Employee Stock Ownership Plan Esop Shares Contributed To Esop
EmployeeStockOwnershipPlanESOPSharesContributedToESOP
11000
CY2016 nvr Number Of Deferred Compensation Plans
NumberOfDeferredCompensationPlans
2
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
25331000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
19544000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
16833000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
13785000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
10938000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
22760000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
109191000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals
53000
CY2016Q4 nvr Operating Leases Future Minimum Payments Due Less Sublease Rentals
OperatingLeasesFutureMinimumPaymentsDueLessSubleaseRentals
109138000
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
45843000
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
48056000
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
45508000
CY2016Q4 nvr Maximum Percentage Of Deposits Required Under Purchase Agreements
MaximumPercentageOfDepositsRequiredUnderPurchaseAgreements
0.10
CY2016 nvr Term Of Business Plan
TermOfBusinessPlan
P5Y
CY2016Q4 nvr Contingent Forfeitable Deposits With Land Developers
ContingentForfeitableDepositsWithLandDevelopers
94600000
CY2016 nvr Number Of Specific Performance Contracts
NumberOfSpecificPerformanceContracts
1
CY2016Q4 nvr Contingent Obligations Under Bond Or Letter Of Credit Arrangements
ContingentObligationsUnderBondOrLetterOfCreditArrangements
50700000
CY2015Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
87407000
CY2014Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
94060000
CY2013Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
101507000
CY2016Q1 nvr Number Of New Orders
NumberOfNewOrders
4137
CY2016 nvr Costs Accrued For New Warranty Contracts And Changes In Estimates For Pre Existing Warranties
CostsAccruedForNewWarrantyContractsAndChangesInEstimatesForPreExistingWarranties
50787000
CY2015 nvr Costs Accrued For New Warranty Contracts And Changes In Estimates For Pre Existing Warranties
CostsAccruedForNewWarrantyContractsAndChangesInEstimatesForPreExistingWarranties
47003000
CY2015Q4 us-gaap Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
12300000
CY2016Q4 us-gaap Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
12700000
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
150891000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
117392000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
91676000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
65303000
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
37.80
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
28.46
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
22.01
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
15.79
CY2016Q4 nvr Number Of New Orders
NumberOfNewOrders
3645
CY2016Q3 nvr Number Of New Orders
NumberOfNewOrders
3477
CY2016Q2 nvr Number Of New Orders
NumberOfNewOrders
4324
CY2014 nvr Costs Accrued For New Warranty Contracts And Changes In Estimates For Pre Existing Warranties
CostsAccruedForNewWarrantyContractsAndChangesInEstimatesForPreExistingWarranties
51668000
CY2016 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
44299000
CY2015 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
53656000
CY2014 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
59115000
CY2016Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
93895000
CY2016 nvr Fair Value Measurement Assumed Gain Loss From Loan Sale
FairValueMeasurementAssumedGainLossFromLoanSale
-277000
CY2016 nvr Fair Value Measurements Interest Rate Movement Effect
FairValueMeasurementsInterestRateMovementEffect
-11644000
CY2016 nvr Fair Value Measurements Changes In Servicing Rights Value
FairValueMeasurementsChangesInServicingRightsValue
8043000
CY2016 nvr Fair Value Measurements Security Price Change Gain Loss Included In Earnings
FairValueMeasurementsSecurityPriceChangeGainLossIncludedInEarnings
8064000
CY2016 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
4186000
CY2016 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
2000000
CY2015 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
2700000
CY2014 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
2400000
CY2016Q4 nvr Number Of Settlements
NumberOfSettlements
4419
CY2016Q3 nvr Number Of Settlements
NumberOfSettlements
3922
CY2016Q2 nvr Number Of Settlements
NumberOfSettlements
3581
CY2016Q1 nvr Number Of Settlements
NumberOfSettlements
3006
CY2016Q4 nvr Number Of Backlog Units At Period End
NumberOfBacklogUnitsAtPeriodEnd
6884
CY2016Q3 nvr Number Of Backlog Units At Period End
NumberOfBacklogUnitsAtPeriodEnd
7658
CY2016Q2 nvr Number Of Backlog Units At Period End
NumberOfBacklogUnitsAtPeriodEnd
8103
CY2016Q1 nvr Number Of Backlog Units At Period End
NumberOfBacklogUnitsAtPeriodEnd
7360
CY2016Q4 nvr Loans Closed
LoansClosed
1201164000
CY2016Q3 nvr Loans Closed
LoansClosed
1055163000
CY2016Q2 nvr Loans Closed
LoansClosed
942407000
CY2016Q1 nvr Loans Closed
LoansClosed
753840000
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
134004000
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
116470000
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
93395000
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
39058000
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
31.92
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
27.11
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
21.91
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
9.22
CY2015Q4 nvr Number Of New Orders
NumberOfNewOrders
3100
CY2015Q3 nvr Number Of New Orders
NumberOfNewOrders
3258
CY2015Q2 nvr Number Of New Orders
NumberOfNewOrders
3796
CY2015Q1 nvr Number Of New Orders
NumberOfNewOrders
3926
CY2015Q4 nvr Number Of Settlements
NumberOfSettlements
4010
CY2015Q3 nvr Number Of Settlements
NumberOfSettlements
3607
CY2015Q2 nvr Number Of Settlements
NumberOfSettlements
3175
CY2015Q4 nvr Loans Closed
LoansClosed
1042440000
CY2015Q3 nvr Loans Closed
LoansClosed
951872000
CY2015Q2 nvr Loans Closed
LoansClosed
859403000
CY2015Q1 nvr Loans Closed
LoansClosed
638627000
CY2015Q1 nvr Number Of Settlements
NumberOfSettlements
2534
CY2015Q4 nvr Number Of Backlog Units At Period End
NumberOfBacklogUnitsAtPeriodEnd
6229
CY2015Q3 nvr Number Of Backlog Units At Period End
NumberOfBacklogUnitsAtPeriodEnd
7139

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