NVIDIA 2013 Annual Report Download - page 207

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NVIDIA CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share data)
Year Ended
January 26,
2014 January 27, 2013 January 29, 2012
Revenue............................................................................................... $ 4,130,162 $ 4,280,159 $ 3,997,930
Cost of revenue.................................................................................... 1,862,399 2,053,816 1,941,413
Gross profit.......................................................................................... 2,267,763 2,226,343 2,056,517
Operating expenses:
Research and development ........................................................ 1,335,834 1,147,282 1,002,605
Sales, general and administrative............................................... 435,702 430,822 405,613
Total operating expenses ..................................................................... 1,771,536 1,578,104 1,408,218
Income from operations....................................................................... 496,227 648,239 648,299
Interest income........................................................................... 17,119 19,908 19,149
Interest expense.......................................................................... (10,443)(3,294)(3,089)
Other income (expense), net ...................................................... 7,351 (2,814)(963)
Income before income tax ................................................................... 510,254 662,039 663,396
Income tax expense.................................................................... 70,264 99,503 82,306
Net income........................................................................................... $ 439,990 $ 562,536 $ 581,090
Net income per share:
Basic ......................................................................................... $ 0.75 $ 0.91 $ 0.96
Diluted ...................................................................................... $ 0.74 $ 0.90 $ 0.94
Weighted average shares used in per share computation:
Basic ......................................................................................... 587,893 619,324 603,646
Diluted ...................................................................................... 594,517 624,957 616,371
Cash dividends declared and paid per common share......................... $0.310 $0.075 $ —
See accompanying notes to the consolidated financial statements.