NVR (NVR) FY2019 results: revenue $7.4 billion, up 3.1% on the year
NVR Inc. (NVR) reported revenue of $7.4 billion for fiscal 2019, the year ended 31 December 2019, up 3.1% on the year before. Net income was $879 million, up 10.2%, and diluted earnings per share $221.13. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2020.
Revenue
$7.4 billion
+3.1% on the year
FY2012FY2019
Operating margin
n/a
FY2012FY2019
Net income
$879 million
+10.2% on the year
FY2012FY2019
Diluted EPS
$221.13
+13.5% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
7,389
7,164
6,306
+3.1%
Interest expense
25.4
25.1
24.2
+1.2%
Income tax
147
163
309
-9.4%
Net income
879
797
538
+10.2%
Net margin
11.9%
11.1%
8.5%
Diluted EPS
$221.13
$194.80
$126.77
+13.5%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
867
723
570
+19.8%
Capital expenditure
22.7
19.7
20.3
+15.4%
Free cash flow
844
703
550
+20.0%
Free cash flow margin
11.4%
9.8%
8.7%
Cash from investing
-13.3
-8.2
-15.2
Cash from financing
-425
-672
-282
Depreciation and amortisation
20.8
20.2
22.7
+3.2%
Share-based compensation
78.5
75.7
44.6
+3.7%
Buybacks
698
846
422
-17.5%
Diluted shares, weighted
4m
4m
4m
-2.9%
Shares outstanding at period end
4m
4m
4m
+1.5%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
2,341
1,809
1,605
+29.5%
Debt
598
598
597
+0.1%
Other liabilities
870
760
787
+14.6%
Total liabilities and equity
3,810
3,166
2,989
+20.3%
Cash and equivalents
1,161
732
690
+58.5%
Other assets
2,649
2,434
2,300
+8.8%
Total assets
3,810
3,166
2,989
+20.3%
10-K for the year ended 31 December 2019, filed 19 February 2020: the filing.