NVDA FY 2012 Earnings Report — NVIDIA Corporation Revenue & Financial Results | Market Cap Arena

NVIDIA CorporationNVDA

FY 2012 Earnings

Reported March 13, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$4.0B	—	$3.5B	—	12.8%
Op. Income	$648M	—	$256M	—	153.5%
Gross Margin	51.4%	—	39.8%	—	11.7pp
Net Margin	14.5%	—	7.1%	—	7.4pp
EPS (Diluted)	$0.02	—	$0.01	—	118.2%
Free Cash Flow	$770M	—	$578M	—	33.3%

Revenue Flow

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$1.9B
GROSS PROFIT	$2.1B
R&D Expenses	$1.0B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$406M
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$3.3B
OPERATING INCOME	$648M
Interest Income	$19M
Interest Expense	$3M
Other Income/Expenses	$15M
INCOME BEFORE TAX	$663M
Income Tax Expense	$82M
Net Income from Continuing Ops	$581M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$581M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$581M
D&A	$204M
EBIT	$666M
EBITDA	$871M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$1.9B
GROSS PROFIT	$2.1B
R&D Expenses	$1.0B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$406M
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$3.3B
OPERATING INCOME	$648M
Interest Income	$19M
Interest Expense	$3M
Other Income/Expenses	$15M
INCOME BEFORE TAX	$663M
Income Tax Expense	$82M
Net Income from Continuing Ops	$581M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$581M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$581M
D&A	$204M
EBIT	$666M
EBITDA	$871M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$581M
Depreciation & Amortization	$204M
Stock-Based Compensation	$136M
Deferred Income Tax	$19M
Other Non-Cash Items	-$34M
Change in Working Capital	$2M
OPERATING CASH FLOW	$909M
Capital Expenditure	-$139M
Acquisitions (Net)	-$349M
Purchases of Investments	-$2.0B
Sales/Maturities of Investments	$1.3B
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	-$2M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$42M
NET CASH FROM FINANCING	$237M
FREE CASH FLOW	$770M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$668M
Short-Term Investments	$2.5B
Net Receivables	$336M
Inventory	$340M
Other Current Assets	$69M
TOTAL CURRENT ASSETS	$3.9B
PP&E (Net)	$560M
Goodwill	$641M
Intangible Assets	$326M
Long-Term Investments	$10M
Tax Assets	$7M
Other Non-Current Assets	$102M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$5.6B
Account Payables	$335M
Short-Term Debt	$0
Deferred Revenue	$271M
Other Current Liabilities	$35M
TOTAL CURRENT LIABILITIES	$930M
Long-Term Debt	$0
Deferred Revenue NC	$200M
Deferred Tax Liabilities	$133M
Other Non-Current Liabilities	$122M
TOTAL NON-CURRENT LIABILITIES	$477M
TOTAL LIABILITIES	$1.4B
Common Stock	$700.0K
Additional Paid-In Capital	$2.9B
Retained Earnings	$2.7B
Treasury Stock	-$1.5B
Accum. Other Comp. Income	$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.1B
Minority Interest	$0
TOTAL EQUITY	$4.1B
TOTAL LIABILITIES & EQUITY	$5.6B
Total Debt	$21M
Net Debt	-$646M