NVR (NVR) FY2014 results: revenue $4.4 billion, up 5.5% on the year
NVR Inc. (NVR) reported revenue of $4.4 billion for fiscal 2014, the year ended 31 December 2014, up 5.5% on the year before. Net income was $282 million, up 5.7%, and diluted earnings per share $63.50. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2015.
Revenue
$4.4 billion
+5.5% on the year
FY2009FY2014
Operating margin
n/a
FY2009FY2014
Net income
$282 million
+5.7% on the year
FY2009FY2014
Diluted EPS
$63.50
+15.9% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
4,445
4,211
3,185
+5.5%
Interest expense
23.1
22.4
7.5
+3.4%
Income tax
172
152
94.5
+12.9%
Net income
282
266
181
+5.7%
Net margin
6.3%
6.3%
5.7%
Diluted EPS
$63.50
$54.81
$35.12
+15.9%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
185
270
264
-31.7%
Capital expenditure
31.7
19.0
12.4
+66.6%
Free cash flow
153
251
252
-39.1%
Free cash flow margin
3.4%
6.0%
7.9%
Cash from investing
n/a
-34.5
-22.6
Cash from financing
n/a
-523
431
Depreciation and amortisation
17.6
13.4
8.1
+31.5%
Share-based compensation
63.2
34.3
64.8
+84.4%
Buybacks
568
554
227
+2.4%
Diluted shares, weighted
4m
5m
5m
-8.8%
Shares outstanding at period end
4m
4m
5m
-8.7%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,124
1,261
1,480
-10.9%
Debt
599
600
604
-0.1%
Other liabilities
628
625
521
+0.5%
Total liabilities and equity
2,351
2,486
2,605
-5.4%
Goodwill
n/a
n/a
0.4
Intangible assets
n/a
6.3
8.8
Cash and equivalents
545
866
1,154
-37.0%
Other assets
1,806
1,614
1,442
+11.9%
Total assets
2,351
2,486
2,605
-5.4%
10-K for the year ended 31 December 2014, filed 19 February 2015: the filing.