NVIDIA 2016 Annual Report Download - page 197
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51
NVIDIA CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)
Year Ended
January 31,
2016
January 25,
2015
January 26,
2014
Revenue ................................................................................................ $ 5,010 $ 4,682 $ 4,130
Cost of revenue ..................................................................................... 2,199 2,083 1,862
Gross profit ........................................................................................... 2,811 2,599 2,268
Operating expenses:
Research and development.......................................................... 1,331 1,360 1,336
Sales, general and administrative................................................ 602 480 436
Restructuring and other charges.................................................. 131——
Total operating expenses........................................................ 2,064 1,840 1,772
Income from operations........................................................................ 747 759 496
Interest income............................................................................ 39 28 17
Interest expense........................................................................... (47)(46)(10)
Other income, net........................................................................ 414 7
Income before income tax expense....................................................... 743 755 510
Income tax expense............................................................................... 129 124 70
Net income............................................................................................ $ 614 $ 631 $ 440
Net income per share:
Basic........................................................................................... $ 1.13 $ 1.14 $ 0.75
Diluted........................................................................................ $ 1.08 $ 1.12 $ 0.74
Weighted average shares used in per share computation:
Basic........................................................................................... 543 552 588
Diluted........................................................................................ 569 563 595
Cash dividends declared and paid per common share .......................... $ 0.3950 $ 0.3400 $ 0.3100
See accompanying notes to the consolidated financial statements.