NVIDIA (NVDA) FY2015 results: revenue $4.7 billion, up 13.3% on the year
NVIDIA Corp. (NVDA) reported revenue of $4.7 billion for fiscal 2015, the year ended 25 January 2015, up 13.3% on the year before. Net income was $631 million, up 43.3%, and diluted earnings per share $0.03. The figures are the company's own, from the 10-K it filed with the SEC on 12 March 2015.
Revenue
$4.7 billion
+13.3% on the year
FY2008FY2015
Operating margin
16.2%
12.0% a year earlier
FY2008FY2015
Net income
$631 million
+43.3% on the year
FY2008FY2015
Diluted EPS
$0.03
+51.4% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
4,682
4,130
4,280
+13.3%
Cost of revenue
2,082
1,862
2,054
+11.8%
Gross profit
2,599
2,268
2,226
+14.6%
Gross margin
55.5%
54.9%
52.0%
Research and development
1,360
1,336
1,147
+1.8%
Selling, general and administrative
481
436
431
+10.3%
Operating income
759
496
648
+53.0%
Operating margin
16.2%
12.0%
15.1%
Interest expense
46.0
10.0
3.3
+360.0%
Pre-tax income
755
510
662
+47.9%
Income tax
124
70.0
99.5
+77.1%
Effective tax rate
16.4%
13.7%
15.0%
Net income
631
440
563
+43.3%
Net margin
13.5%
10.7%
13.1%
Diluted EPS
$0.03
$0.02
$0.02
+51.4%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
906
835
824
+8.4%
Cash from investing
-727
-806
-744
Cash from financing
-834
390
-15.3
Depreciation and amortisation
220
239
226
-8.0%
Share-based compensation
158
136
137
+16.1%
Buybacks
814
887
100
-8.3%
Dividends paid
186
181
46.9
+2.6%
Dividend per share
$0.01
$0.01
$0.00
+10.4%
Diluted shares, weighted
22,523m
23,781m
24,998m
-5.3%
Shares outstanding at period end
21,797m
22,720m
24,670m
-4.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
4,418
4,456
4,828
-0.9%
Debt
1,384
1,356
0.0
+2.1%
Other liabilities
1,399
1,438
1,585
-2.7%
Total liabilities and equity
7,201
7,251
6,412
-0.7%
Fixed assets
557
583
576
-4.4%
Goodwill
618
643
641
-3.9%
Intangible assets
222
296
312
-25.1%
Investments
4,127
3,520
2,995
+17.2%
Cash and equivalents
497
1,152
733
-56.9%
Receivables
474
426
454
+11.1%
Inventory
483
388
412
+24.5%
Other assets
224
243
288
-7.7%
Total assets
7,201
7,251
6,412
-0.7%
10-K for the year ended 25 January 2015, filed 12 March 2015: the filing.