NVIDIA (NVDA) FY2012 results: revenue $4.0 billion, up 12.8% on the year
NVIDIA Corp. (NVDA) reported revenue of $4.0 billion for fiscal 2012, the year ended 29 January 2012, up 12.8% on the year before. Net income was $581 million, up 129.5%, and diluted earnings per share $0.02. The figures are the company's own, from the 10-K it filed with the SEC on 13 March 2012.
Revenue
$4.0 billion
+12.8% on the year
FY2008FY2012
Operating margin
16.2%
7.2% a year earlier
FY2008FY2012
Net income
$581 million
+129.5% on the year
FY2008FY2012
Diluted EPS
$0.02
+119.6% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
3,998
3,543
3,326
+12.8%
Cost of revenue
1,941
2,134
2,150
-9.0%
Gross profit
2,057
1,409
1,177
+45.9%
Gross margin
51.4%
39.8%
35.4%
Research and development
1,003
849
909
+18.1%
Selling, general and administrative
406
362
367
+12.2%
Operating income
648
256
-98.9
+153.5%
Operating margin
16.2%
7.2%
-3.0%
Interest expense
3.1
3.1
3.3
-1.2%
Pre-tax income
663
271
-82.3
+144.6%
Income tax
82.3
18.0
-14.3
+356.7%
Effective tax rate
12.4%
6.6%
n/a
Net income
581
253
-68.0
+129.5%
Net margin
14.5%
7.1%
-2.0%
Diluted EPS
$0.02
$0.01
-$0.00
+119.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
909
676
488
+34.5%
Capital expenditure
139
97.9
77.6
+41.7%
Free cash flow
770
578
410
+33.3%
Free cash flow margin
19.3%
16.3%
12.3%
Cash from investing
-1,143
-650
-519
Cash from financing
237
192
61.1
+23.3%
Depreciation and amortisation
204
187
197
+9.2%
Share-based compensation
136
100
107
+35.9%
Buybacks
0.0
0.0
0.0
Dividends paid
0.0
0.0
n/a
Dividend per share
$0.00
$0.00
n/a
Diluted shares, weighted
24,655m
23,547m
21,983m
+4.7%
Shares outstanding at period end
24,488m
23,542m
22,459m
+4.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
4,146
3,181
2,665
+30.3%
Debt
0.0
0.0
n/a
Other liabilities
1,407
1,314
921
+7.1%
Total liabilities and equity
5,553
4,495
3,586
+23.5%
Fixed assets
560
569
572
-1.5%
Goodwill
641
370
370
+73.3%
Intangible assets
326
289
120
+12.9%
Investments
2,462
1,825
1,281
+34.9%
Cash and equivalents
668
665
447
+0.4%
Receivables
336
349
375
-3.6%
Inventory
340
346
331
-1.5%
Other assets
220
82.9
89.9
+164.9%
Total assets
5,553
4,495
3,586
+23.5%
10-K for the year ended 29 January 2012, filed 13 March 2012: the filing.