NVIDIA 2004 Annual Report Download - page 59

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Revenue:
Customer A 12% 15% 14%
Customer B 15% 23% 9%
Customer C 12% 9% 10%
Customer D 21% 17% 20%
As of As of
January 25, January 26,
2004 2003
Accounts Receivable:
Customer A 15% 12%
Customer B −− −−
Customer C 18% 17%
Customer D 21% 18%
Note 17 – Quarterly Summary (Unaudited)
Fiscal 2004
Quarters Ended
Jan. 25, 2004 Oct. 26, 2003 July 27, 2003 April 27, 2003
(In thousands, except per share data)
Statement of Operations Data:
Revenue $ 472,119 $ 486,069 $ 459,774 $ 404,983
Cost of revenue $ 333,914 $ 351,938 $ 329,800 $ 278,415
Gross profit $ 138,205 $ 134,131 $ 129,974 $ 126,568
Net income $ 24,166 $ 6,356 $ 24,150 $ 19,747
Basic net income per share $ 0.15 $ 0.04 $ 0.15 $ 0.12
Diluted net income per share $ 0.14 $ 0.04 $ 0.14 $ 0.12
Fiscal 2003
Quarters Ended
Jan. 26, 2003 Oct. 27, 2002 July 28, 2002 April 28, 2002
(In thousands, except per share data)
Statement of Operations Data:
Revenue $ 468,953 $ 430,304 $ 427,285 $ 582,905
Cost of revenue $ 301,442 $ 322,106 $ 327,983 $ 375,740
Cost of revenue related to stock option exchange $ −− $ 6,164 $ −− $ −−
Gross profit $ 167,511 $ 102,034 $ 99,302 $ 207,165
Net income (loss) $ 50,936 $ (48,636) $ 5,254 $ 83,245
Basic net income (loss) per share $ 0.32 ($0.32) $ 0.03 $ 0.55
Diluted net income (loss) per share $ 0.30 ($0.32) $ 0.03 $ 0.47
65
NVIDIA CORPORATION AND SUBSIDIARIES
SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS
Description
Balance at
Beginning of
Period Additions (3) Deductions Balance at End
of Period
(In thousands)
Year ended January 25, 2004
Allowance for sales returns and allowances $ 13,228 $ 23,796 $ (27,603) (1) $ 9,421