NVDA FY 2019 Earnings Report — NVIDIA Corporation Revenue & Financial Results | Market Cap Arena

NVIDIA CorporationNVDA

FY 2019 Earnings

Reported February 21, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$11.7B	—	$9.7B	—	20.6%
Op. Income	$3.8B	—	$3.2B	—	18.5%
Gross Margin	61.2%	—	59.9%	—	1.3pp
Net Margin	35.3%	—	31.4%	—	4.0pp
EPS (Diluted)	$0.17	—	$0.12	—	41.7%
Free Cash Flow	$3.1B	—	$2.9B	—	8.0%

Revenue Flow

Item	Amount
REVENUE	$11.7B
Cost of Revenue	$4.5B
GROSS PROFIT	$7.2B
R&D Expenses	$2.4B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$991M
Other Expenses	$0
Operating Expenses	$3.4B
Cost & Expenses	$7.9B
OPERATING INCOME	$3.8B
Interest Income	$136M
Interest Expense	$58M
Other Income/Expenses	$92M
INCOME BEFORE TAX	$3.9B
Income Tax Expense	-$245M
Net Income from Continuing Ops	$4.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.1B
D&A	$262M
EBIT	$4.0B
EBITDA	$4.2B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$11.7B
Cost of Revenue	$4.5B
GROSS PROFIT	$7.2B
R&D Expenses	$2.4B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$991M
Other Expenses	$0
Operating Expenses	$3.4B
Cost & Expenses	$7.9B
OPERATING INCOME	$3.8B
Interest Income	$136M
Interest Expense	$58M
Other Income/Expenses	$92M
INCOME BEFORE TAX	$3.9B
Income Tax Expense	-$245M
Net Income from Continuing Ops	$4.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.1B
D&A	$262M
EBIT	$4.0B
EBITDA	$4.2B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$4.1B
Depreciation & Amortization	$262M
Stock-Based Compensation	$557M
Deferred Income Tax	-$315M
Other Non-Cash Items	-$45M
Change in Working Capital	-$857M
OPERATING CASH FLOW	$3.7B
Capital Expenditure	-$600M
Acquisitions (Net)	$0
Purchases of Investments	-$11.2B
Sales/Maturities of Investments	$7.7B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$4.1B
Net Debt Issuance	-$16M
Common Stock Repurchased	-$1.6B
Common Dividends Paid	-$371M
Other Financing Activities	-$900M
NET CASH FROM FINANCING	-$2.9B
FREE CASH FLOW	$3.1B
Net Change in Cash	-$3.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$782M
Short-Term Investments	$6.6B
Net Receivables	$1.4B
Inventory	$1.6B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$10.6B
PP&E (Net)	$1.4B
Goodwill	$618M
Intangible Assets	$45M
Long-Term Investments	$0
Tax Assets	$560M
Other Non-Current Assets	$108M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$13.3B
Account Payables	$511M
Short-Term Debt	$0
Deferred Revenue	$92M
Other Current Liabilities	$61M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$2.0B
Deferred Revenue NC	$46M
Deferred Tax Liabilities	$19M
Other Non-Current Liabilities	$568M
TOTAL NON-CURRENT LIABILITIES	$2.6B
TOTAL LIABILITIES	$4.0B
Common Stock	$1M
Additional Paid-In Capital	$6.1B
Retained Earnings	$12.6B
Treasury Stock	-$9.3B
Accum. Other Comp. Income	-$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.3B
Minority Interest	$0
TOTAL EQUITY	$9.3B
TOTAL LIABILITIES & EQUITY	$13.3B
Total Debt	$2.0B
Net Debt	$1.2B