1. Basis of Presentation
The accompanying unaudited, condensed consolidated financial statements include the accounts
of NVR, Inc. (“NVR” or the “Company”) and its subsidiaries and certain other entities in which the
Company is deemed to be the primary beneficiary (see Note 2 to the accompanying financial
statements). Intercompany accounts and transactions have been eliminated in consolidation. The
statements have been prepared in conformity with accounting principles generally accepted in the
United States of America (“GAAP”) for interim financial information and with the instructions to
Form 10-Q and Regulation S-X. Accordingly, they do not include all of the information and
footnotes required by GAAP for complete financial statements. Because the accompanying condensed
consolidated financial statements do not include all of the information and footnotes required by
GAAP, they should be read in conjunction with the financial statements and notes thereto included
in the Company’s 2010 Annual Report on Form 10-K. In the opinion of management, all adjustments
(consisting only of normal recurring accruals except as otherwise noted herein) considered
necessary for a fair presentation have been included. Operating results for the three-month period
ended March 31, 2011 are not necessarily indicative of the results that may be expected for the
year ending December 31, 2011.
The preparation of financial statements in conformity with GAAP requires management to make
estimates and assumptions that affect the amounts reported in the financial statements and
accompanying notes. Actual results could differ from those estimates.
For the three-month periods ended March 31, 2011 and 2010, comprehensive income equaled net
income; therefore, a separate statement of comprehensive income is not included in the accompanying
financial statements.
Free historical financial statements for NVR Inc.
See how revenue, income, cash flow, and balance sheet financials have changed over 55 quarters since 2011. Compare with NVR stock chart to see long term trends.
Data imported from NVR Inc SEC filings. Check original filings before making any investment decision.