NVDA FY 2020 Earnings Report — NVIDIA Corporation Revenue & Financial Results | Market Cap Arena

NVIDIA CorporationNVDA

FY 2020 Earnings

Reported February 20, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$10.9B	—	$11.7B	—	-6.8%
Op. Income	$2.8B	—	$3.8B	—	-25.2%
Gross Margin	62.0%	—	61.2%	—	0.8pp
Net Margin	25.6%	—	35.3%	—	-9.7pp
EPS (Diluted)	$0.11	—	$0.17	—	-35.3%
Free Cash Flow	$4.3B	—	$3.1B	—	35.9%

Revenue Flow

Item	Amount
REVENUE	$10.9B
Cost of Revenue	$4.2B
GROSS PROFIT	$6.8B
R&D Expenses	$2.8B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$3.9B
Cost & Expenses	$8.1B
OPERATING INCOME	$2.8B
Interest Income	$178M
Interest Expense	$52M
Other Income/Expenses	$124M
INCOME BEFORE TAX	$3.0B
Income Tax Expense	$174M
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.8B
D&A	$381M
EBIT	$3.0B
EBITDA	$3.4B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$10.9B
Cost of Revenue	$4.2B
GROSS PROFIT	$6.8B
R&D Expenses	$2.8B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$3.9B
Cost & Expenses	$8.1B
OPERATING INCOME	$2.8B
Interest Income	$178M
Interest Expense	$52M
Other Income/Expenses	$124M
INCOME BEFORE TAX	$3.0B
Income Tax Expense	$174M
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.8B
D&A	$381M
EBIT	$3.0B
EBITDA	$3.4B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$2.8B
Depreciation & Amortization	$381M
Stock-Based Compensation	$844M
Deferred Income Tax	$18M
Other Non-Cash Items	$5M
Change in Working Capital	$717M
OPERATING CASH FLOW	$4.8B
Capital Expenditure	-$489M
Acquisitions (Net)	-$4M
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$8.1B
Other Investing Activities	$0
NET CASH FROM INVESTING	$6.1B
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$390M
Other Financing Activities	-$551M
NET CASH FROM FINANCING	-$792M
FREE CASH FLOW	$4.3B
Net Change in Cash	$10.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$10.9B
Short-Term Investments	$1M
Net Receivables	$1.7B
Inventory	$979M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$13.7B
PP&E (Net)	$2.3B
Goodwill	$618M
Intangible Assets	$49M
Long-Term Investments	$77M
Tax Assets	$548M
Other Non-Current Assets	$41M
TOTAL NON-CURRENT ASSETS	$3.6B
TOTAL ASSETS	$17.3B
Account Payables	$687M
Short-Term Debt	$0
Deferred Revenue	$141M
Other Current Liabilities	$29M
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$2.0B
Deferred Revenue NC	$60M
Deferred Tax Liabilities	$29M
Other Non-Current Liabilities	$686M
TOTAL NON-CURRENT LIABILITIES	$3.3B
TOTAL LIABILITIES	$5.1B
Common Stock	$1M
Additional Paid-In Capital	$7.0B
Retained Earnings	$15.0B
Treasury Stock	-$9.8B
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.2B
Minority Interest	$0
TOTAL EQUITY	$12.2B
TOTAL LIABILITIES & EQUITY	$17.3B
Total Debt	$2.6B
Net Debt	-$8.3B