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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Contract land deposits, net $ 609,407 $ 576,551
Total assets 6,538,157 6,601,757 Close
Inventory:    
Land under development 59,050  
LIABILITIES AND SHAREHOLDERS' EQUITY    
Total liabilities 2,193,776 2,237,032 Close
Commitments and contingencies
Shareholders' equity:    
Common stock, $0.01 par value; 60,000,000 shares authorized; 20,555,330 shares issued as of both March 31, 2024 and December 31, 2023 206 206
Additional paid-in capital 2,905,707 2,848,528
Deferred compensation trust – 106,697 shares of NVR, Inc. common stock as of both March 31, 2024 and December 31, 2023 (16,710) (16,710)
Deferred compensation liability 16,710 16,710
Retained earnings 13,759,294 13,365,025
Less treasury stock at cost – 17,387,705 and 17,360,454 shares as of March 31, 2024 and December 31, 2023, respectively (12,320,826) (11,849,034)
Total shareholders' equity 4,344,381 4,364,725 Close
Total liabilities and shareholders' equity 6,538,157 6,601,757
Home Building Segment    
ASSETS    
Cash and cash equivalents 2,841,354 3,126,472
Restricted cash 44,099 41,483
Receivables 36,306 29,000
Contract land deposits, net 609,407 576,551
Property, plant and equipment, net 63,095 63,716
Operating lease right-of-use assets 66,716 70,384
Goodwill 41,580 41,580
Other assets 249,390 242,751
Total assets 6,068,981 6,142,087
Inventory:    
Lots and housing units, covered under sales agreements with customers 1,790,687 1,674,686
Unsold lots and housing units 245,262 214,666
Land under development 59,050 36,895
Building materials and other 22,035 23,903
Total Inventory 2,117,034 1,950,150
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 391,591 347,738
Accrued expenses and other liabilities 380,811 413,043
Customer deposits 355,331 334,441
Operating lease liabilities 72,052 75,797
Senior notes 912,554 913,027
Total liabilities 2,112,339 2,084,046
Mortgage Banking    
ASSETS    
Cash and cash equivalents 27,803 36,422
Restricted cash 11,537 11,067
Mortgage loans held for sale, net 332,510 222,560
Property, plant and equipment, net 7,438 6,348
Operating lease right-of-use assets 22,008 23,541
Goodwill 7,347 7,347
Other assets 60,533 152,385
Total assets 469,176 459,670
LIABILITIES AND SHAREHOLDERS' EQUITY    
Operating lease liabilities 24,037 25,475
Accounts payable and other liabilities 57,400 127,511
Total liabilities $ 81,437 $ 152,986