XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1Close
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Contract land deposits, net $ 646,341 $ 576,551
Total assets 6,407,288 6,601,757 Close
Inventory:    
Land under development 61,512  
LIABILITIES AND SHAREHOLDERS' EQUITY    
Total liabilities 2,273,380 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 June 30, 2024 and December 31, 2023 206 206
Additional paid-in capital 2,935,053 2,848,528
Deferred compensation trust – 106,697 shares of NVR, Inc. common stock as of both June 30, 2024 and December 31, 2023 (16,710) (16,710)
Deferred compensation liability 16,710 16,710
Retained earnings 14,160,198 13,365,025
Less treasury stock at cost – 17,465,064 and 17,360,454 shares as of June 30, 2024 and December 31, 2023, respectively (12,961,549) (11,849,034)
Total shareholders' equity 4,133,908 4,364,725 Close
Total liabilities and shareholders' equity 6,407,288 6,601,757
Mortgage Banking    
ASSETS    
Cash and cash equivalents 31,123 36,422
Restricted cash 13,132 11,067
Mortgage loans held for sale, net 392,943 222,560
Property, plant and equipment, net 7,069 6,348
Operating lease right-of-use assets 20,758 23,541
Goodwill 7,347 7,347
Other assets 71,820 152,385
Total assets 544,192 459,670
LIABILITIES AND SHAREHOLDERS' EQUITY    
Operating lease liabilities 22,710 25,475
Accounts payable and other liabilities 63,960 127,511
Total liabilities 86,670 152,986
Home Building Segment    
ASSETS    
Cash and cash equivalents 2,438,473 3,126,472
Restricted cash 46,218 41,483
Receivables 35,491 29,000
Contract land deposits, net 646,341 576,551
Property, plant and equipment, net 79,057 63,716
Operating lease right-of-use assets 73,345 70,384
Goodwill 41,580 41,580
Other assets 258,172 242,751
Total assets 5,863,096 6,142,087
Inventory:    
Lots and housing units, covered under sales agreements with customers 1,927,451 1,674,686
Unsold lots and housing units 229,319 214,666
Land under development 61,512 36,895
Building materials and other 26,137 23,903
Total Inventory 2,244,419 1,950,150
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 421,457 347,738
Accrued expenses and other liabilities 405,338 413,043
Customer deposits 369,274 334,441
Operating lease liabilities 78,563 75,797
Senior notes 912,078 913,027
Total liabilities $ 2,186,710 $ 2,084,046