NVR (NVR) FY2018 results: revenue $7.2 billion, up 13.6% on the year
NVR Inc. (NVR) reported revenue of $7.2 billion for fiscal 2018, the year ended 31 December 2018, up 13.6% on the year before. Net income was $797 million, up 48.3%, and diluted earnings per share $194.80. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2019.
Revenue
$7.2 billion
+13.6% on the year
FY2011FY2018
Operating margin
n/a
FY2011FY2018
Net income
$797 million
+48.3% on the year
FY2011FY2018
Diluted EPS
$194.80
+53.7% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
7,164
6,306
5,823
+13.6%
Interest expense
25.1
24.2
21.7
+3.7%
Income tax
163
309
236
-47.5%
Net income
797
538
425
+48.3%
Net margin
11.1%
8.5%
7.3%
Diluted EPS
$194.80
$126.77
$103.61
+53.7%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
723
570
n/a
+26.8%
Capital expenditure
19.7
20.3
22.4
-3.0%
Free cash flow
703
550
n/a
+27.9%
Free cash flow margin
9.8%
8.7%
n/a
Cash from investing
-8.2
-15.2
n/a
Cash from financing
-672
-282
n/a
Depreciation and amortisation
20.2
22.7
22.3
-11.0%
Share-based compensation
75.7
44.6
43.6
+69.9%
Buybacks
846
422
455
+100.4%
Diluted shares, weighted
4m
4m
4m
-3.5%
Shares outstanding at period end
4m
4m
4m
-3.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,809
1,605
1,304
+12.6%
Debt
598
597
596
+0.1%
Other liabilities
760
787
743
-3.4%
Total liabilities and equity
3,166
2,989
2,644
+5.9%
Cash and equivalents
732
690
416
+6.2%
Other assets
2,434
2,300
2,228
+5.8%
Total assets
3,166
2,989
2,644
+5.9%
10-K for the year ended 31 December 2018, filed 13 February 2019: the filing.