NVDA FY 2017 Earnings Report — NVIDIA Corporation Revenue & Financial Results | Market Cap Arena

NVIDIA CorporationNVDA

FY 2017 Earnings

Reported March 1, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$6.9B	—	$5.0B	—	37.9%
Op. Income	$1.9B	—	$747M	—	158.9%
Gross Margin	58.8%	—	56.1%	—	2.7pp
Net Margin	24.1%	—	12.3%	—	11.9pp
EPS (Diluted)	$0.06	—	$0.03	—	137.0%
Free Cash Flow	$1.5B	—	$1.1B	—	37.4%

Revenue Flow

Item	Amount
REVENUE	$6.9B
Cost of Revenue	$2.8B
GROSS PROFIT	$4.1B
R&D Expenses	$1.5B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$663M
Other Expenses	$3M
Operating Expenses	$2.1B
Cost & Expenses	$5.0B
OPERATING INCOME	$1.9B
Interest Income	$54M
Interest Expense	$58M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$239M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$187M
EBIT	$2.0B
EBITDA	$2.1B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$6.9B
Cost of Revenue	$2.8B
GROSS PROFIT	$4.1B
R&D Expenses	$1.5B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$663M
Other Expenses	$3M
Operating Expenses	$2.1B
Cost & Expenses	$5.0B
OPERATING INCOME	$1.9B
Interest Income	$54M
Interest Expense	$58M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$239M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$187M
EBIT	$2.0B
EBITDA	$2.1B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$1.7B
Depreciation & Amortization	$187M
Stock-Based Compensation	$247M
Deferred Income Tax	$197M
Other Non-Cash Items	$54M
Change in Working Capital	-$679M
OPERATING CASH FLOW	$1.7B
Capital Expenditure	-$176M
Acquisitions (Net)	$0
Purchases of Investments	-$3.1B
Sales/Maturities of Investments	$2.5B
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$793M
Net Debt Issuance	-$673M
Common Stock Repurchased	-$739M
Common Dividends Paid	-$261M
Other Financing Activities	$2.0B
NET CASH FROM FINANCING	$291M
FREE CASH FLOW	$1.5B
Net Change in Cash	$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.8B
Short-Term Investments	$5.0B
Net Receivables	$826M
Inventory	$794M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$8.5B
PP&E (Net)	$521M
Goodwill	$618M
Intangible Assets	$104M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$62M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$9.8B
Account Payables	$485M
Short-Term Debt	$827M
Deferred Revenue	$85M
Other Current Liabilities	$211M
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$2.0B
Deferred Revenue NC	$4M
Deferred Tax Liabilities	$141M
Other Non-Current Liabilities	$126M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$4.1B
Common Stock	$1M
Additional Paid-In Capital	$4.7B
Retained Earnings	$6.1B
Treasury Stock	-$5.0B
Accum. Other Comp. Income	-$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.8B
Minority Interest	$0
TOTAL EQUITY	$5.8B
TOTAL LIABILITIES & EQUITY	$9.8B
Total Debt	$2.8B
Net Debt	$1.1B