NVR, Inc. (NVR)

NVR, Inc. Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,340	1,682	1,592	1,726	1,237
Depreciation & Amortization	24.51	18.38	16.92	17.4	19.46
Stock-Based Compensation	69.21	73.93	99.51	82.54	58.23
Other Adjustments	-112.7	-175.02	-167.97	-126.3	-217.14
Change in Receivables	-57.37	62.66	-59.65	-27.38	1.96
Changes in Inventories	335.15	-108.56	-161.88	159.09	-238.28
Changes in Accounts Payable	-142.27	-83.22	49.11	-13.78	-19.95
Changes in Unearned Revenue	-73.72	-11.52	20.64	-103.66	176.71
Changes in Other Operating Activities	-261.32	-84.13	109.72	156.63	224.7
Operating Cash Flow	1,121	1,374	1,498	1,870	1,242
Operating Cash Flow Growth	-18.42%	-8.25%	-19.90%	50.52%	34.27%
Capital Expenditures	-24.51	-29.21	-24.88	-18.43	-17.88
Sale of Property, Plant & Equipment	0.91	3.04	2.37	0.73	0.98
Other Investing Activities	-47.61	-0.39	-1.6	-9.74	-1.28
Investing Cash Flow	-71.21	-26.55	-24.1	-27.43	-18.18
Long-Term Debt Repaid	-4.73	-2.63	-1.66	-601.5	-1.36
Net Long-Term Debt Issued (Repaid)	-4.73	-2.63	-1.66	-601.5	-1.36
Issuance of Common Stock	80.15	161.63	250.51	196.72	142.37
Repurchase of Common Stock	-1,833	-2,058	-1,082	-1,500	-1,538
Net Common Stock Issued (Repurchased)	-1,753	-1,896	-831.31	-1,304	-1,396
Financing Cash Flow	-1,758	-1,899	-832.97	-1,905	-1,397
Net Cash Flow	-707.79	-550.78	640.93	-62.47	-172.8
Free Cash Flow	1,097	1,345	1,473	1,852	1,225
Free Cash Flow Growth	-18.47%	-8.68%	-20.44%	51.22%	34.69%
FCF Margin	10.50%	12.58%	15.21%	17.50%	13.65%
Free Cash Flow Per Share	357.37	405.26	428.82	527.76	317.32
Levered Free Cash Flow	1,193	1,381	1,600	1,321	1,380
Unlevered Free Cash Flow	1,219	1,405	1,623	1,952	1,422

Updated Jan 28, 2026. Data Source: Fiscal.ai. standard template. Financial Sources.

SEC Filings: 10-K · 10-Q