NVIDIA (NVDA) FY2013 results: revenue $4.3 billion, up 7.1% on the year
NVIDIA Corp. (NVDA) reported revenue of $4.3 billion for fiscal 2013, the year ended 27 January 2013, up 7.1% on the year before. Net income was $563 million, down 3.2%, and diluted earnings per share $0.02. The figures are the company's own, from the 10-K it filed with the SEC on 12 March 2013.
Revenue
$4.3 billion
+7.1% on the year
FY2008FY2013
Operating margin
15.1%
16.2% a year earlier
FY2008FY2013
Net income
$563 million
-3.2% on the year
FY2008FY2013
Diluted EPS
$0.02
-4.3% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
4,280
3,998
3,543
+7.1%
Cost of revenue
2,054
1,941
2,134
+5.8%
Gross profit
2,226
2,057
1,409
+8.3%
Gross margin
52.0%
51.4%
39.8%
Research and development
1,147
1,003
849
+14.4%
Selling, general and administrative
431
406
362
+6.2%
Operating income
648
648
256
-0.0%
Operating margin
15.1%
16.2%
7.2%
Interest expense
3.3
3.1
3.1
+6.6%
Pre-tax income
662
663
271
-0.2%
Income tax
99.5
82.3
18.0
+20.9%
Effective tax rate
15.0%
12.4%
6.6%
Net income
563
581
253
-3.2%
Net margin
13.1%
14.5%
7.1%
Diluted EPS
$0.02
$0.02
$0.01
-4.3%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
824
909
676
-9.3%
Capital expenditure
n/a
139
97.9
Free cash flow
n/a
770
578
Free cash flow margin
n/a
19.3%
16.3%
Cash from investing
-744
-1,143
-650
Cash from financing
-15.3
237
192
Depreciation and amortisation
226
204
187
+10.8%
Share-based compensation
137
136
100
+0.2%
Buybacks
100
0.0
0.0
Dividends paid
46.9
0.0
0.0
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
24,998m
24,655m
23,547m
+1.4%
Shares outstanding at period end
24,670m
24,488m
23,542m
+0.7%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
4,828
4,146
3,181
+16.5%
Debt
0.0
0.0
0.0
Other liabilities
1,585
1,407
1,314
+12.6%
Total liabilities and equity
6,412
5,553
4,495
+15.5%
Fixed assets
576
560
569
+2.9%
Goodwill
641
641
370
0.0%
Intangible assets
312
326
289
-4.2%
Investments
2,995
2,462
1,825
+21.7%
Cash and equivalents
733
668
665
+9.7%
Receivables
454
336
349
+35.1%
Inventory
412
340
346
+21.2%
Other assets
288
220
82.9
+31.2%
Total assets
6,412
5,553
4,495
+15.5%
10-K for the year ended 27 January 2013, filed 12 March 2013: the filing.