Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

NVIDIA Corp., consolidated income statement

US$ in millions

12 months ended:	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Jan 26, 2020	Jan 27, 2019
Revenue	60,922)	26,974)	26,914)	16,675)	10,918)	11,716)
Cost of revenue	(16,621)	(11,618)	(9,439)	(6,279)	(4,150)	(4,545)
Gross profit	44,301)	15,356)	17,475)	10,396)	6,768)	7,171)
Research and development	(8,675)	(7,339)	(5,268)	(3,924)	(2,829)	(2,376)
Sales, general and administrative	(2,654)	(2,440)	(2,166)	(1,940)	(1,093)	(991)
Acquisition termination cost	—)	(1,353)	—)	—)	—)	—)
Operating expenses	(11,329)	(11,132)	(7,434)	(5,864)	(3,922)	(3,367)
Operating income	32,972)	4,224)	10,041)	4,532)	2,846)	3,804)
Interest income	866)	267)	29)	57)	178)	136)
Interest expense	(257)	(262)	(236)	(184)	(52)	(58)
Other, net	237)	(48)	107)	4)	(2)	14)
Other income (expense), net	846)	(43)	(100)	(123)	124)	92)
Income before income tax	33,818)	4,181)	9,941)	4,409)	2,970)	3,896)
Income tax (expense) benefit	(4,058)	187)	(189)	(77)	(174)	245)
Net income	29,760)	4,368)	9,752)	4,332)	2,796)	4,141)

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27).

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	NVIDIA Corp. revenue increased from 2022 to 2023 and from 2023 to 2024.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	NVIDIA Corp. operating income decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Income before income tax	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	NVIDIA Corp. income before income tax decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	NVIDIA Corp. net income decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

NVIDIA Corp. (NASDAQ:NVDA)

Income Statement