NVDA FY 2011 Earnings Report — NVIDIA Corporation Revenue & Financial Results | Market Cap Arena

NVIDIA CorporationNVDA

FY 2011 Earnings

Reported March 16, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$3.5B	—	$3.3B	—	6.5%
Op. Income	$256M	—	-$99M	—	358.5%
Gross Margin	39.8%	—	35.4%	—	4.4pp
Net Margin	7.1%	—	-2.0%	—	9.2pp
EPS (Diluted)	$0.01	—	$-0.00	—	454.8%
Free Cash Flow	$578M	—	$410M	—	40.9%

Revenue Flow

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$2.1B
GROSS PROFIT	$1.4B
R&D Expenses	$849M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$362M
Other Expenses	-$57M
Operating Expenses	$1.2B
Cost & Expenses	$3.3B
OPERATING INCOME	$256M
Interest Income	$19M
Interest Expense	$3M
Other Income/Expenses	$15M
INCOME BEFORE TAX	$271M
Income Tax Expense	$18M
Net Income from Continuing Ops	$253M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$253M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$253M
D&A	$187M
EBIT	$274M
EBITDA	$461M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$2.1B
GROSS PROFIT	$1.4B
R&D Expenses	$849M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$362M
Other Expenses	-$57M
Operating Expenses	$1.2B
Cost & Expenses	$3.3B
OPERATING INCOME	$256M
Interest Income	$19M
Interest Expense	$3M
Other Income/Expenses	$15M
INCOME BEFORE TAX	$271M
Income Tax Expense	$18M
Net Income from Continuing Ops	$253M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$253M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$253M
D&A	$187M
EBIT	$274M
EBITDA	$461M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$253M
Depreciation & Amortization	$187M
Stock-Based Compensation	$100M
Deferred Income Tax	-$3M
Other Non-Cash Items	-$14M
Change in Working Capital	$152M
OPERATING CASH FLOW	$676M
Capital Expenditure	-$98M
Acquisitions (Net)	$0
Purchases of Investments	-$1.7B
Sales/Maturities of Investments	$1.2B
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$650M
Net Debt Issuance	-$571.0K
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$15M
NET CASH FROM FINANCING	$192M
FREE CASH FLOW	$578M
Net Change in Cash	$218M

Balance Sheet

Item	Amount
Cash & Equivalents	$665M
Short-Term Investments	$1.8B
Net Receivables	$349M
Inventory	$346M
Other Current Assets	$21M
TOTAL CURRENT ASSETS	$3.2B
PP&E (Net)	$569M
Goodwill	$370M
Intangible Assets	$289M
Long-Term Investments	$9M
Tax Assets	$851.0K
Other Non-Current Assets	$31M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$4.5B
Account Payables	$286M
Short-Term Debt	$0
Deferred Revenue	$246M
Other Current Liabilities	$25M
TOTAL CURRENT LIABILITIES	$943M
Long-Term Debt	$0
Deferred Revenue NC	$163M
Deferred Tax Liabilities	$46M
Other Non-Current Liabilities	$139M
TOTAL NON-CURRENT LIABILITIES	$371M
TOTAL LIABILITIES	$1.3B
Common Stock	$677.0K
Additional Paid-In Capital	$2.5B
Retained Earnings	$2.1B
Treasury Stock	-$1.5B
Accum. Other Comp. Income	$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.2B
Minority Interest	$0
TOTAL EQUITY	$3.2B
TOTAL LIABILITIES & EQUITY	$4.5B
Total Debt	$23M
Net Debt	-$642M