NVR (NVR) FY2013 results: revenue $4.2 billion, up 32.2% on the year
NVR Inc. (NVR) reported revenue of $4.2 billion for fiscal 2013, the year ended 31 December 2013, up 32.2% on the year before. Net income was $266 million, up 47.6%, and diluted earnings per share $54.81. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2014.
Revenue
$4.2 billion
+32.2% on the year
FY2009FY2013
Operating margin
n/a
FY2009FY2013
Net income
$266 million
+47.6% on the year
FY2009FY2013
Diluted EPS
$54.81
+56.1% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
4,211
3,185
2,659
+32.2%
Interest expense
22.4
7.5
1.9
+197.3%
Income tax
152
94.5
78.2
+61.1%
Net income
266
181
129
+47.6%
Net margin
6.3%
5.7%
4.9%
Diluted EPS
$54.81
$35.12
$23.01
+56.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
270
264
1.5
+2.2%
Capital expenditure
19.0
12.4
11.4
+53.8%
Free cash flow
251
252
-10.0
-0.3%
Free cash flow margin
6.0%
7.9%
-0.4%
Cash from investing
-34.5
-22.6
-61.9
Cash from financing
-523
431
-653
Depreciation and amortisation
13.4
8.1
6.7
+65.3%
Share-based compensation
34.3
64.8
64.5
-47.1%
Buybacks
554
227
689
+144.0%
Diluted shares, weighted
5m
5m
6m
-5.5%
Shares outstanding at period end
4m
5m
5m
-9.8%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,261
1,480
1,375
-14.8%
Debt
600
604
0.0
-0.6%
Other liabilities
625
521
405
+19.9%
Total liabilities and equity
2,486
2,605
1,779
-4.6%
Goodwill
n/a
0.4
n/a
Intangible assets
6.3
8.8
n/a
-28.2%
Securities held for sale or to maturity
n/a
n/a
0.0
Cash and equivalents
866
1,154
481
-24.9%
Other assets
1,614
1,442
1,299
+11.9%
Total assets
2,486
2,605
1,779
-4.6%
10-K for the year ended 31 December 2013, filed 20 February 2014: the filing.