Stock Analysis on Net

NVIDIA Corp. (NASDAQ:NVDA)

Income Statement 

NVIDIA Corp., consolidated income statement

US$ in millions

Microsoft Excel
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).

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.