NVR (NVR) FY2020 results: revenue $7.5 billion, up 2.0% on the year
NVR Inc. (NVR) reported revenue of $7.5 billion for fiscal 2020, the year ended 31 December 2020, up 2.0% on the year before. Net income was $901 million, up 2.6%, and diluted earnings per share $230.11. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2021.
Revenue
$7.5 billion
+2.0% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
$901 million
+2.6% on the year
FY2013FY2020
Diluted EPS
$230.11
+4.1% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
7,537
7,389
7,164
+2.0%
Interest expense
40.9
25.4
25.1
+61.0%
Income tax
177
147
163
+20.1%
Net income
901
879
797
+2.6%
Net margin
12.0%
11.9%
11.1%
Diluted EPS
$230.11
$221.13
$194.80
+4.1%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
925
867
723
+6.8%
Capital expenditure
16.1
22.7
19.7
-29.0%
Free cash flow
909
844
703
+7.7%
Free cash flow margin
12.1%
11.4%
9.8%
Cash from investing
-3.9
-13.3
-8.2
Cash from financing
728
-425
-672
Depreciation and amortisation
22.0
20.8
20.2
+5.6%
Share-based compensation
50.8
78.5
75.7
-35.3%
Buybacks
371
698
846
-46.9%
Diluted shares, weighted
4m
4m
4m
-1.4%
Shares outstanding at period end
4m
4m
4m
+1.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
3,103
2,341
1,809
+32.5%
Debt
1,517
598
598
+153.6%
Other liabilities
1,157
870
760
+32.9%
Total liabilities and equity
5,777
3,810
3,166
+51.6%
Cash and equivalents
2,810
1,161
732
+142.1%
Other assets
2,967
2,649
2,434
+12.0%
Total assets
5,777
3,810
3,166
+51.6%
10-K for the year ended 31 December 2020, filed 12 February 2021: the filing.