NVR, Inc. (NVR) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 339.69M | 439.73M | 438.71M | 35.1M | 207.78M | 637.05M | 358.26M | 232.69M | 146.46M | 495.71M | 658.08M | 28.68M | 315.52M | 817.2M | 605.7M | 137.88M | 309.33M | 260.1M | 461.27M | 192.76M |
| Operating CF Margin % | 18.06% | 16.21% | 17.51% | 1.35% | 8.84% | 22.34% | 13.09% | 8.89% | 6.27% | 20.34% | 25.57% | 1.22% | 14.46% | 30.09% | 21.79% | 5.18% | 12.99% | 11.65% | 19.24% | 8.43% |
| Operating CF Growth % | 63.48% | -30.97% | 22.45% | -84.91% | 41.87% | 28.51% | -45.56% | 711.28% | -53.58% | -39.34% | 8.65% | -79.2% | 2% | 214.18% | 31.31% | -28.47% | -5.77% | -24.81% | 121.05% | -36.22% |
| Net Income | 198.36M | 363.81M | 342.69M | 333.74M | 299.58M | 457.43M | 429.32M | 400.9M | 394.27M | 410.07M | 433.16M | 404.03M | 344.35M | 454.77M | 411.39M | 433.31M | 426.1M | 334.58M | 332.08M | 321.3M |
| Depreciation & Amortization | 6.74M | 6.94M | 6.1M | 5.69M | 5.78M | 4.95M | 4.68M | 4.36M | 4.38M | 4.33M | 4.18M | 4.22M | 4.19M | 4.16M | 4.25M | 4.53M | 4.46M | 4.74M | 4.68M | 4.83M |
| Stock-Based Compensation | 13.29M | 0 | 35.17M | 0 | 18.53M | 19.46M | 19.22M | 18.1M | 17.14M | 26.02M | 26.05M | 25.16M | 22.28M | 24.1M | 26.69M | 20.09M | 11.67M | 15.38M | 15.01M | 13.38M |
| Deferred Taxes | 0 | -1.44M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.74M | -20.56M | -5.93M | 0 | -11.1M | 0 | 0 | 0 | -234K | -2.12M | -1.67M |
| Other Non-Cash Items | 286.77M | -179.2M | 75.15M | 8.75M | -51.57M | 77.72M | 11.52M | -66.53M | -108.67M | 72.42M | 160.64M | -123.63M | -57.35M | 39.06M | 60.4M | -4.97M | -26.67M | -36.49M | 58.91M | -4.67M |
| Working Capital Changes | -165.48M | 249.62M | -20.4M | -313.07M | -64.54M | 77.48M | -106.49M | -124.14M | -160.66M | -13.4M | 54.61M | -275.17M | 2.05M | 306.21M | 102.97M | -315.08M | -106.24M | -57.87M | 52.7M | -140.41M |
| Change in Receivables | 49.9M | -46.47M | 5.97M | 1.29M | -18.17M | 15.67M | -49.47M | -8.16M | 57.64M | -42.02M | -21.81M | -5.62M | 9.8M | 41.75M | -52.74M | -2.61M | -127.08M | 10.05M | 1.98M | -84K |
| Change in Inventory | -214.95M | 407.87M | 38.62M | -59.67M | -51.66M | 198.69M | -12.98M | -127.39M | -166.88M | 53.62M | 16.32M | -154.55M | -77.27M | 382.17M | 208.3M | -185.11M | -246.27M | -83.84M | 109.85M | -143.58M |
| Change in Payables | 71.78M | -61.15M | -1.88M | -134.74M | 55.5M | -23.8M | -54.34M | 41.84M | -46.91M | 54.77M | 84.15M | -140.42M | 0 | -39.49M | 16.37M | 25.72M | 127.08M | -19.95M | -52.91M | -25.68M |
| Cash from Investing | 12.46M | -13.83M | -7.11M | -35.25M | -15.02M | -6.76M | -8.65M | -4.41M | -6.73M | -6.75M | -6.9M | -7.54M | -2.92M | -6.79M | -3.01M | -13.31M | -4.32M | -6.19M | -5.36M | -3.23M |
| Capital Expenditures | -4.87M | -3.7M | -5.45M | -8.3M | -7.06M | -5.59M | -8.21M | -6.43M | -8.98M | -6.35M | -7.08M | -8.73M | -2.71M | -6.46M | -3.22M | -4.7M | -4.06M | -5.93M | -5.33M | -3.52M |
| CapEx % of Revenue | 0.26% | 0.14% | 0.22% | 0.32% | 0.3% | 0.2% | 0.3% | 0.25% | 0.38% | 0.26% | 0.28% | 0.37% | 0.12% | 0.24% | 0.12% | 0.18% | 0.17% | 0.27% | 0.22% | 0.15% |
| Acquisitions | 17.17M | -10.33M | 27.18M | -27.18M | -8.17M | -1.46M | -741K | 204K | 2.25M | 152K | 182K | -659K | -565K | -513K | 207K | -8.75M | 210K | 157K | 164K | 288K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 165K | 199K | -26.92M | 238K | 210K | 295K | 299K | 2.71M | 0 | -400K | 0 | 1.85M | 364K | 179K | 0 | 136K | 0 | 0 | 0 | 0 |
| Cash from Financing | -579.35M | -492.62M | -237.92M | -457.84M | -569.52M | -534.29M | -309.89M | -624.13M | -430.38M | -243.51M | -439.25M | -121.68M | -28.53M | -57.24M | -345.29M | -787.7M | -714.9M | -364.98M | -372.67M | -339.23M |
| Debt Issued (Net) | -1.48M | -1.32M | -1.19M | -1.15M | -1.07M | -826K | -753K | -593K | -462K | -428K | -422K | -411K | -400K | -388K | -384K | -600.37M | -356K | -355K | -347K | -332K |
| Equity Issued (Net) | -577.87M | -491.3M | -236.72M | -456.69M | -568.46M | -533.47M | -309.14M | -623.53M | -429.91M | -243.08M | -438.82M | -121.27M | -28.13M | -56.85M | -344.91M | -187.33M | -714.55M | -364.63M | -372.33M | -338.89M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -631.96M | -502.1M | -276.4M | -471.41M | -583.39M | -564.32M | -357.45M | -638.98M | -496.94M | -286.43M | -484.26M | -201.08M | -110.05M | -116.17M | -368.49M | -266.92M | -748.79M | -385.16M | -398.49M | -376.94M |
| Other Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | -227.19M | -66.72M | 193.68M | -457.99M | -376.76M | 96M | 39.72M | -395.85M | -290.65M | 245.45M | 211.94M | -100.54M | 284.07M | 753.16M | 257.4M | -663.13M | -409.89M | -111.08M | 83.23M | -149.69M |
| Free Cash Flow | 334.81M | 436.03M | 433.26M | 26.8M | 200.72M | 631.46M | 350.05M | 226.26M | 137.48M | 489.36M | 651M | 19.95M | 312.81M | 810.74M | 602.48M | 133.19M | 305.27M | 254.17M | 455.95M | 189.25M |
| FCF Margin % | 17.8% | 16.07% | 17.29% | 1.03% | 8.54% | 22.15% | 12.79% | 8.65% | 5.88% | 20.08% | 25.29% | 0.85% | 14.34% | 29.85% | 21.67% | 5% | 12.82% | 11.39% | 19.01% | 8.28% |
| FCF Growth % | 66.81% | -30.95% | 23.77% | -88.15% | 46% | 29.04% | -46.23% | 1034.25% | -56.05% | -39.64% | 8.05% | -85.02% | 2.47% | 218.97% | 32.14% | -29.62% | -6.12% | -25.71% | 122.89% | -36.39% |
| FCF per Share | 114.35 | 145.68 | 139.99 | 8.60 | 63.54 | 190.26 | 106.40 | 68.12 | 40.59 | 145.08 | 188.25 | 5.75 | 90.74 | 237.89 | 173.58 | 38.01 | 83.50 | 67.69 | 118.67 | 48.57 |
| FCF Conversion (FCF/Net Income) | 1.71x | 1.21x | 1.28x | 0.11x | 0.69x | 1.39x | 0.83x | 0.58x | 0.37x | 1.21x | 1.52x | 0.07x | 0.92x | 1.80x | 1.47x | 0.32x | 0.73x | 0.78x | 1.39x | 0.60x |
| Interest Paid | 810K | 14.34M | 800K | 14.1M | 651K | 14.11M | 670K | 14M | 421K | 13.92M | 504K | 13.92M | 859K | 14.03M | 848K | 20.11M | 12.52M | 14.21M | 12.6M | 14.26M |
| Taxes Paid | 5.25M | 84.13M | 107.42M | 243.36M | 3.86M | -307.26M | 143.26M | 157.12M | 6.89M | 94.55M | 50.02M | 257.19M | 5.42M | 125.94M | 112.15M | 289.19M | 2.54M | 99.53M | 117.29M | 169.93M |