NVIDIA (NVDA) FY2018 results: revenue $9.7 billion, up 40.6% on the year
NVIDIA Corp. (NVDA) reported revenue of $9.7 billion for fiscal 2018, the year ended 28 January 2018, up 40.6% on the year before. Net income was $3.0 billion, up 82.9%, and diluted earnings per share $0.12. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2018.
Revenue
$9.7 billion
+40.6% on the year
FY2011FY2018
Operating margin
33.0%
28.0% a year earlier
FY2011FY2018
Net income
$3.0 billion
+82.9% on the year
FY2011FY2018
Diluted EPS
$0.12
+87.4% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
9,714
6,910
5,010
+40.6%
Cost of revenue
3,892
2,847
2,199
+36.7%
Gross profit
5,822
4,063
2,811
+43.3%
Gross margin
59.9%
58.8%
56.1%
Research and development
1,797
1,463
1,331
+22.8%
Selling, general and administrative
815
663
602
+22.9%
Operating income
3,210
1,934
747
+66.0%
Operating margin
33.0%
28.0%
14.9%
Interest expense
61.0
58.0
47.0
+5.2%
Pre-tax income
3,196
1,905
743
+67.8%
Income tax
149
239
129
-37.7%
Effective tax rate
4.7%
12.5%
17.4%
Net income
3,047
1,666
614
+82.9%
Net margin
31.4%
24.1%
12.3%
Diluted EPS
$0.12
$0.06
$0.03
+87.4%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
3,502
1,672
1,175
+109.4%
Cash from investing
1,278
-793
-400
Cash from financing
-2,544
291
-676
Depreciation and amortisation
199
187
197
+6.4%
Share-based compensation
391
247
204
+58.3%
Buybacks
909
739
587
+23.0%
Dividends paid
341
261
213
+30.7%
Dividend per share
$0.01
$0.01
$0.00
+17.4%
Diluted shares, weighted
25,280m
25,960m
22,760m
-2.6%
Shares outstanding at period end
24,240m
23,400m
21,560m
+3.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
7,471
5,762
4,469
+29.7%
Debt
2,000
2,779
1,413
-28.0%
Other liabilities
1,770
1,300
1,488
+36.2%
Total liabilities and equity
11,241
9,841
7,370
+14.2%
Fixed assets
997
521
466
+91.4%
Goodwill
618
618
618
0.0%
Intangible assets
52.0
104
166
-50.0%
Investments
3,106
5,032
4,441
-38.3%
Cash and equivalents
4,002
1,766
596
+126.6%
Receivables
1,265
826
505
+53.1%
Inventory
796
794
418
+0.3%
Other assets
405
180
160
+125.0%
Total assets
11,241
9,841
7,370
+14.2%
10-K for the year ended 28 January 2018, filed 28 February 2018: the filing.