NVR NVR Homebuilding — Variable Interest Entity Consolidated Carrying Amount Assets

Discontinued — last reported Q3 '17

Similar metrics at other companies

TOLTraditional Homebuilding — Assets related to consolidated VIEs

$10.6B+7.7%

TOLTotal home building — Carrying value of consolidated VIEs assets

$11.71B+10.4%

LENHomebuilding — VIE assets consolidated during period

$35M—

LENHomebuilding — Equity Method Investment, Summarized Financial Information, Assets

$6.08B-0.7%

LENHomebuilding — Underlying equity in unconsolidated partners' net assets

$1.78B-38.9%

LENLennar Homebuilding East Central West Houstonand Other — Variable Interest Entity Consolidated Carrying Amount Assets

$240.5M—

Other financials

Income statement

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Revenue$1.9B-21.7%

Net income$198.4M-33.8%

EPS (diluted)$67.76-28.5%

Balance sheet

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Cash & equivalents$1.7B-24.4%

Total debt$41.0M-1.0%

Total equity$3.5B-11.6%

Total assets$5.6B-9.8%

Cash flow

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Operating cash flow$339.7M+63.5%

CapEx$4.9M-31.0%

Free cash flow$334.8M+66.8%

Valuation

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Market cap$17.52B-14.9%

Enterprise value$15.83B-13.7%

P/E14.2×+1.2×

P/S1.8×-0.2×

Profitability

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Operating margin9.7%—

Net margin12.6%-2.3pp

FCF margin12.6%-0.7pp

Returns & leverage

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Return on equity33.3%-5.0pp

Debt / equity0×0.0×

Where this comes from

Reported directly by NVR in its filing.

Tagged under the XBRL concept us-gaap:VariableInterestEntityConsolidatedCarryingAmountAssets.

The official record: NVR’s 10-Q, filed October 30, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does homebuilding — variable interest entity consolidated carrying amount assets mean?: The value of assets from entities the homebuilder controls but does not own outright.
How do you interpret homebuilding — variable interest entity consolidated carrying amount assets?: An increase indicates greater involvement in complex land-banking or joint venture structures.
How does homebuilding — variable interest entity consolidated carrying amount assets compare across companies?: Common in the homebuilding industry due to the prevalence of land option contracts and joint ventures.