NVDA FY 2014 Earnings Report — NVIDIA Corporation Revenue & Financial Results | Market Cap Arena

NVIDIA CorporationNVDA

FY 2014 Earnings

Reported March 12, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$4.1B	—	$4.3B	—	-3.5%
Op. Income	$496M	—	$648M	—	-23.5%
Gross Margin	54.9%	—	52.0%	—	2.9pp
Net Margin	10.7%	—	13.1%	—	-2.5pp
EPS (Diluted)	$0.02	—	$0.02	—	-17.4%
Free Cash Flow	$580M	—	$641M	—	-9.5%

Revenue Flow

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$1.9B
GROSS PROFIT	$2.3B
R&D Expenses	$1.3B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$436M
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$3.6B
OPERATING INCOME	$496M
Interest Income	$17M
Interest Expense	$10M
Other Income/Expenses	$14M
INCOME BEFORE TAX	$510M
Income Tax Expense	$70M
Net Income from Continuing Ops	$440M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$440M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$440M
D&A	$239M
EBIT	$520M
EBITDA	$759M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$1.9B
GROSS PROFIT	$2.3B
R&D Expenses	$1.3B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$436M
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$3.6B
OPERATING INCOME	$496M
Interest Income	$17M
Interest Expense	$10M
Other Income/Expenses	$14M
INCOME BEFORE TAX	$510M
Income Tax Expense	$70M
Net Income from Continuing Ops	$440M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$440M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$440M
D&A	$239M
EBIT	$520M
EBITDA	$759M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$440M
Depreciation & Amortization	$239M
Stock-Based Compensation	$136M
Deferred Income Tax	$15M
Other Non-Cash Items	-$8M
Change in Working Capital	$13M
OPERATING CASH FLOW	$835M
Capital Expenditure	-$255M
Acquisitions (Net)	-$17M
Purchases of Investments	-$3.1B
Sales/Maturities of Investments	$2.5B
Other Investing Activities	$20M
NET CASH FROM INVESTING	-$806M
Net Debt Issuance	$1.5B
Common Stock Repurchased	-$887M
Common Dividends Paid	-$181M
Other Financing Activities	-$18M
NET CASH FROM FINANCING	$390M
FREE CASH FLOW	$580M
Net Change in Cash	$419M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$3.5B
Net Receivables	$426M
Inventory	$388M
Other Current Assets	$68M
TOTAL CURRENT ASSETS	$5.6B
PP&E (Net)	$583M
Goodwill	$643M
Intangible Assets	$296M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$104M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$7.3B
Account Payables	$324M
Short-Term Debt	$0
Deferred Revenue	$269M
Other Current Liabilities	$186M
TOTAL CURRENT LIABILITIES	$945M
Long-Term Debt	$1.4B
Deferred Revenue NC	$172M
Deferred Tax Liabilities	$158M
Other Non-Current Liabilities	$145M
TOTAL NON-CURRENT LIABILITIES	$1.8B
TOTAL LIABILITIES	$2.8B
Common Stock	$732.0K
Additional Paid-In Capital	$3.5B
Retained Earnings	$3.5B
Treasury Stock	-$2.5B
Accum. Other Comp. Income	$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.5B
Minority Interest	$0
TOTAL EQUITY	$4.5B
TOTAL LIABILITIES & EQUITY	$7.3B
Total Debt	$1.4B
Net Debt	$222M