NVDA FY 2008 Earnings Report — NVIDIA Corporation Revenue & Financial Results | Market Cap Arena

NVIDIA CorporationNVDA

FY 2008 Earnings

Reported January 30, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$4.1B	—	$3.1B	—	33.5%
Op. Income	$836M	—	$453M	—	84.4%
Gross Margin	45.6%	—	42.4%	—	3.2pp
Net Margin	19.5%	—	14.6%	—	4.8pp
EPS (Diluted)	$0.03	—	$0.02	—	73.7%
Free Cash Flow	$1.1B	—	$442M	—	145.0%

Revenue Flow

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.2B
GROSS PROFIT	$1.9B
R&D Expenses	$692M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$341M
Other Expenses	$0
Operating Expenses	$1.0B
Cost & Expenses	$3.3B
OPERATING INCOME	$836M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$65M
INCOME BEFORE TAX	$901M
Income Tax Expense	$104M
Net Income from Continuing Ops	$798M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$798M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$798M
D&A	$133M
EBIT	$836M
EBITDA	$970M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.2B
GROSS PROFIT	$1.9B
R&D Expenses	$692M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$341M
Other Expenses	$0
Operating Expenses	$1.0B
Cost & Expenses	$3.3B
OPERATING INCOME	$836M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$65M
INCOME BEFORE TAX	$901M
Income Tax Expense	$104M
Net Income from Continuing Ops	$798M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$798M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$798M
D&A	$133M
EBIT	$836M
EBITDA	$970M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$798M
Depreciation & Amortization	$133M
Stock-Based Compensation	$0
Deferred Income Tax	$90M
Other Non-Cash Items	$80M
Change in Working Capital	$170M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$188M
Acquisitions (Net)	-$76M
Purchases of Investments	-$1.3B
Sales/Maturities of Investments	$754M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$761M
Net Debt Issuance	$0
Common Stock Repurchased	-$553M
Common Dividends Paid	$0
Other Financing Activities	$220.0K
NET CASH FROM FINANCING	-$326M
FREE CASH FLOW	$1.1B
Net Change in Cash	$183M

Balance Sheet

Item	Amount
Cash & Equivalents	$727M
Short-Term Investments	$1.1B
Net Receivables	$666M
Inventory	$359M
Other Current Assets	$11M
TOTAL CURRENT ASSETS	$2.9B
PP&E (Net)	$360M
Goodwill	$354M
Intangible Assets	$107M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$38M
TOTAL NON-CURRENT ASSETS	$859M
TOTAL ASSETS	$3.7B
Account Payables	$492M
Short-Term Debt	$0
Deferred Revenue	$6M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$967M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$87M
Other Non-Current Liabilities	$76M
TOTAL NON-CURRENT LIABILITIES	$163M
TOTAL LIABILITIES	$1.1B
Common Stock	$619.0K
Additional Paid-In Capital	$1.7B
Retained Earnings	$2.0B
Treasury Stock	-$1.0B
Accum. Other Comp. Income	$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$0
TOTAL EQUITY	$2.6B
TOTAL LIABILITIES & EQUITY	$3.7B
Total Debt	$0
Net Debt	-$727M