NVIDIA (NVDA) FY2017 results: revenue $6.9 billion, up 37.9% on the year
NVIDIA Corp. (NVDA) reported revenue of $6.9 billion for fiscal 2017, the year ended 29 January 2017, up 37.9% on the year before. Net income was $1.7 billion, up 171.3%, and diluted earnings per share $0.06. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2017.
Revenue
$6.9 billion
+37.9% on the year
FY2010FY2017
Operating margin
28.0%
14.9% a year earlier
FY2010FY2017
Net income
$1.7 billion
+171.3% on the year
FY2010FY2017
Diluted EPS
$0.06
+138.1% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
6,910
5,010
4,682
+37.9%
Cost of revenue
2,847
2,199
2,082
+29.5%
Gross profit
4,063
2,811
2,599
+44.5%
Gross margin
58.8%
56.1%
55.5%
Research and development
1,463
1,331
1,360
+9.9%
Selling, general and administrative
663
602
481
+10.1%
Operating income
1,934
747
759
+158.9%
Operating margin
28.0%
14.9%
16.2%
Interest expense
58.0
47.0
46.0
+23.4%
Pre-tax income
1,905
743
755
+156.4%
Income tax
239
129
124
+85.3%
Effective tax rate
12.5%
17.4%
16.4%
Net income
1,666
614
631
+171.3%
Net margin
24.1%
12.3%
13.5%
Diluted EPS
$0.06
$0.03
$0.03
+138.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,672
1,175
906
+42.3%
Cash from investing
-793
-400
-727
Cash from financing
291
-676
-834
Depreciation and amortisation
187
197
220
-5.1%
Share-based compensation
247
204
158
+21.1%
Buybacks
739
587
814
+25.9%
Dividends paid
261
213
186
+22.5%
Dividend per share
$0.01
$0.00
$0.01
+317.2%
Diluted shares, weighted
25,960m
22,760m
22,523m
+14.1%
Shares outstanding at period end
23,400m
21,560m
21,797m
+8.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
5,762
4,469
4,418
+28.9%
Debt
2,779
1,413
1,384
+96.7%
Other liabilities
1,300
1,488
1,399
-12.6%
Total liabilities and equity
9,841
7,370
7,201
+33.5%
Fixed assets
521
466
557
+11.8%
Goodwill
618
618
618
0.0%
Intangible assets
104
166
222
-37.3%
Investments
5,032
4,441
4,127
+13.3%
Cash and equivalents
1,766
596
497
+196.3%
Receivables
826
505
474
+63.6%
Inventory
794
418
483
+90.0%
Other assets
180
160
224
+12.5%
Total assets
9,841
7,370
7,201
+33.5%
10-K for the year ended 29 January 2017, filed 1 March 2017: the filing.