NVIDIA 2015 Annual Report Download - page 130
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50
NVIDIA CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share data)
Year Ended
January 25,
2015 January 26,
2014 January 27,
2013
Revenue ................................................................................................ $ 4,681,507 $ 4,130,162 $ 4,280,159
Cost of revenue..................................................................................... 2,082,030 1,862,399 2,053,816
Gross profit........................................................................................... 2,599,477 2,267,763 2,226,343
Operating expenses:
Research and development.......................................................... 1,359,725 1,335,834 1,147,282
Sales, general and administrative................................................ 480,763 435,702 430,822
Total operating expenses....................................................................... 1,840,488 1,771,536 1,578,104
Income from operations........................................................................ 758,989 496,227 648,239
Interest income............................................................................ 28,090 17,119 19,908
Interest expense........................................................................... 46,133 10,443 3,294
Other income (expense), net ....................................................... 13,890 7,351 (2,814)
Income before income tax .................................................................... 754,836 510,254 662,039
Income tax expense..................................................................... 124,249 70,264 99,503
Net income............................................................................................ $ 630,587 $ 439,990 $ 562,536
Net income per share:
Basic........................................................................................... $ 1.14 $ 0.75 $ 0.91
Diluted........................................................................................ $ 1.12 $ 0.74 $ 0.90
Weighted average shares used in per share computation:
Basic........................................................................................... 552,319 587,893 619,324
Diluted........................................................................................ 563,068 594,517 624,957
Cash dividends declared and paid per common share.......................... $ 0.340 $ 0.310 $ 0.075
See accompanying notes to the consolidated financial statements.