NVIDIA 2008 Annual Report Download - page 70

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NVIDIA CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(1)
Reflects a three
-
for
-
two stock split effective on September 10, 2007 and a two
-
for
-
one stock split effective on April 6, 2006.
See accompanying notes to the consolidated financial statements.
Year Ended
January 25,
2009
January 27,
2008
January 28,
2007
Revenue
$
3,424,859
$
4,097,860
$
3,068,771
Cost of revenue
2,250,590
2,228,580
1,768,322
Gross profit
1,174,269
1,869,280
1,300,449
Operating expenses:
Research and development
855,879
691,637
553,467
Sales, general and administrative
362,222
341,297
293,530
Restructuring charges and other
26,868
-
-
Total operating expenses
1,244,969
1,032,934
846,997
Income (loss) from operations
(70,700
)
836,346
453,452
Interest income
42,859
64,289
41,820
Interest expense
(406
)
(54
)
(21
)
Other income (expense), net
(14,707
)
760
(771
)
Income (loss) before income tax
(42,954
)
901,341
494,480
Income tax expense (benefit)
(12,913
)
103,696
46,350
Income (loss) before change in accounting principle
(30,041
)
797,645
448,130
Cumulative effect of change in accounting principle, net of tax
-
-
704
Net income (loss)
$
(30,041
)
$
797,645
$
448,834
Basic income (loss) per share:
Income (loss) before change in accounting principle
$
(0.05
)
$
1.45
$
0.85
Cumulative effect of change in accounting principle
-
-
-
Basic net income (loss) per share
$
(0.05
)
$
1.45
$
0.85
Shares used in basic per share computation (1)
548,126
550,108
528,606
Diluted income (loss) per share:
Income (loss) before change in accounting principle
$
(0.05
)
$
1.31
$
0.76
Cumulative effect of change in accounting principle
-
-
-
Diluted net income (loss) per share
$
(0.05
)
$
1.31
$
0.76
Shares used in diluted per share computation (1)
548,126
606,732
587,256
67