NVIDIA (NVDA) FY2016 results: revenue $5.0 billion, up 7.0% on the year
NVIDIA Corp. (NVDA) reported revenue of $5.0 billion for fiscal 2016, the year ended 31 January 2016, up 7.0% on the year before. Net income was $614 million, down 2.6%, and diluted earnings per share $0.03. The figures are the company's own, from the 10-K it filed with the SEC on 17 March 2016.
Revenue
$5.0 billion
+7.0% on the year
FY2009FY2016
Operating margin
14.9%
16.2% a year earlier
FY2009FY2016
Net income
$614 million
-2.6% on the year
FY2009FY2016
Diluted EPS
$0.03
-3.6% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
5,010
4,682
4,130
+7.0%
Cost of revenue
2,199
2,082
1,862
+5.6%
Gross profit
2,811
2,599
2,268
+8.1%
Gross margin
56.1%
55.5%
54.9%
Research and development
1,331
1,360
1,336
-2.1%
Selling, general and administrative
602
481
436
+25.2%
Operating income
747
759
496
-1.6%
Operating margin
14.9%
16.2%
12.0%
Interest expense
47.0
46.0
10.0
+2.2%
Pre-tax income
743
755
510
-1.6%
Income tax
129
124
70.0
+4.0%
Effective tax rate
17.4%
16.4%
13.7%
Net income
614
631
440
-2.6%
Net margin
12.3%
13.5%
10.7%
Diluted EPS
$0.03
$0.03
$0.02
-3.6%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,175
906
835
+29.7%
Cash from investing
-400
-727
-806
Cash from financing
-676
-834
390
Depreciation and amortisation
197
220
239
-10.5%
Share-based compensation
204
158
136
+29.2%
Buybacks
587
814
887
-27.9%
Dividends paid
213
186
181
+14.5%
Dividend per share
$0.00
$0.01
$0.01
-65.9%
Diluted shares, weighted
22,760m
22,523m
23,781m
+1.1%
Shares outstanding at period end
21,560m
21,797m
22,720m
-1.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
4,469
4,418
4,456
+1.2%
Debt
1,413
1,384
1,356
+2.1%
Other liabilities
1,488
1,399
1,438
+6.4%
Total liabilities and equity
7,370
7,201
7,251
+2.3%
Fixed assets
466
557
583
-16.4%
Goodwill
618
618
643
-0.0%
Intangible assets
166
222
296
-25.1%
Investments
4,441
4,127
3,520
+7.6%
Cash and equivalents
596
497
1,152
+20.0%
Receivables
505
474
426
+6.6%
Inventory
418
483
388
-13.4%
Other assets
160
224
243
-28.7%
Total assets
7,370
7,201
7,251
+2.3%
10-K for the year ended 31 January 2016, filed 17 March 2016: the filing.