NVR INC
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 5, 2024
NVR$6,036.42-4.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows (unaudited)
Condensed Consolidated Statements of Cash Flows
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $1,224,496 | $1,181,536 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 13,422 | 12,585 |
| Equity-based compensation expense | 54,465 | 73,488 |
| Contract land deposit recoveries, net | (4,868) | (6,217) |
| Gain on sale of loans, net | (135,799) | (127,898) |
| Mortgage loans closed | (4,568,806) | (4,243,040) |
| Mortgage loans sold and principal payments on mortgage loans held for sale | 4,538,919 | 4,347,960 |
| Distribution of earnings from unconsolidated joint ventures | 1,500 | 2,000 |
| Net change in assets and liabilities: | ||
| Increase in inventory | (307,247) | (215,498) |
| Increase in contract land deposits | (87,017) | (27,873) |
| Decrease (increase) in receivables | 46,993 | (17,628) |
| Decrease in accounts payable and accrued expenses | (59,417) | (5,669) |
| Increase in customer deposits | 24,168 | 41,507 |
| Other, net | (3,397) | (12,966) |
| Net cash provided by operating activities | 737,412 | 1,002,287 |
| Cash flows from investing activities: | ||
| Investments in and advances to unconsolidated joint ventures | (1,640) | (1,224) |
| Distribution of capital from unconsolidated joint ventures | 2,715 | 180 |
| Purchase of property, plant and equipment | (23,621) | (18,531) |
| Proceeds from the sale of property, plant and equipment | 2,749 | 2,221 |
| Net cash used in investing activities | (19,797) | (17,354) |
| Cash flows from financing activities: | ||
| Purchase of treasury stock | (1,493,362) | (795,387) |
| Principal payments on finance lease liabilities | (1,808) | (1,233) |
| Proceeds from the exercise of stock options | 130,778 | 207,163 |
| Net cash used in financing activities | (1,364,392) | (589,457) |
| Net (decrease) increase in cash, restricted cash, and cash equivalents | (646,777) | 395,476 |
| Cash, restricted cash, and cash equivalents, beginning of the period | 3,215,444 | 2,574,518 |
| Cash, restricted cash, and cash equivalents, end of the period | $2,568,667 | $2,969,994 |
| Supplemental disclosures of cash flow information: | ||
| Interest paid during the period, net of interest capitalized | $15,094 | $15,285 |
| Income taxes paid during the period, net of refunds | $307,263 | $312,631 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.