NVR (NVR) FY2017 results: revenue $6.3 billion, up 8.3% on the year
NVR Inc. (NVR) reported revenue of $6.3 billion for fiscal 2017, the year ended 31 December 2017, up 8.3% on the year before. Net income was $538 million, up 26.4%, and diluted earnings per share $126.77. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2018.
Revenue
$6.3 billion
+8.3% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
$538 million
+26.4% on the year
FY2010FY2017
Diluted EPS
$126.77
+22.4% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
6,306
5,823
5,159
+8.3%
Interest expense
24.2
21.7
23.6
+11.4%
Income tax
309
236
220
+30.9%
Net income
538
425
383
+26.4%
Net margin
8.5%
7.3%
7.4%
Diluted EPS
$126.77
$103.61
$89.99
+22.4%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
570
n/a
n/a
Capital expenditure
20.3
22.4
18.3
-9.4%
Free cash flow
550
n/a
n/a
Free cash flow margin
8.7%
n/a
n/a
Cash from investing
-15.2
n/a
n/a
Cash from financing
-282
n/a
n/a
Depreciation and amortisation
22.7
22.3
21.5
+1.8%
Share-based compensation
44.6
43.6
54.1
+2.2%
Buybacks
422
455
431
-7.3%
Diluted shares, weighted
4m
4m
4m
+3.3%
Shares outstanding at period end
4m
4m
4m
-0.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,605
1,304
1,239
+23.1%
Debt
597
596
596
+0.1%
Other liabilities
787
743
680
+5.9%
Total liabilities and equity
2,989
2,644
2,515
+13.1%
Cash and equivalents
690
416
451
+65.7%
Other assets
2,300
2,228
2,064
+3.2%
Total assets
2,989
2,644
2,515
+13.1%
10-K for the year ended 31 December 2017, filed 14 February 2018: the filing.