NVIDIA 2009 Annual Report Download - page 81

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NVIDIA CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
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
(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.
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Source: NVIDIA CORP, 10-K, March 13, 2009 Powered by Morningstar® Document Research℠