|
NVIDIA CORPORATION |
|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |
| (In millions) |
| (Unaudited) |
| | | | | |
| | |
Three Months Ended |
| | |
April 28, | |
April 30, |
| | |
2024 | |
2023 |
| Cash flows from operating activities: | | | |
| Net income | $ | 14,881 | | | $ | 2,043 | |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | |
| | Stock-based compensation expense | | 1,011 | | | | 735 | |
| | Depreciation and amortization | | 410 | | | | 384 | |
| | Realized and unrealized (gains) losses on investments in non-affiliated entities, net | | (69 | ) | | | 14 | |
| | Deferred income taxes | | (1,577 | ) | | | (1,135 | ) |
| | Other | | (145 | ) | | | (34 | ) |
| Changes in operating assets and liabilities, net of acquisitions: | | | |
| | Accounts receivable | | (2,366 | ) | | | (252 | ) |
| | Inventories | | (577 | ) | | | 566 | |
| | Prepaid expenses and other assets | | (726 | ) | | | (215 | ) |
| | Accounts payable | | (22 | ) | | | 11 | |
| | Accrued and other current liabilities | | 4,202 | | | | 689 | |
| | Other long-term liabilities | | 323 | | | | 105 | |
|
Net cash provided by operating activities | |
15,345 | | | |
2,911 | |
| Cash flows from investing activities: | | | |
| | Proceeds from maturities of marketable securities | | 4,004 | | | | 2,512 | |
| | Proceeds from sales of marketable securities | | 149 | | | | - | |
| | Purchases of marketable securities | | (9,303 | ) | | | (2,801 | ) |
| | Purchase related to property and equipment and intangible assets | | (369 | ) | | | (248 | ) |
| | Acquisitions, net of cash acquired | | (39 | ) | | | (83 | ) |
| | Investments in non-affiliated entities | | (135 | ) | | | (221 | ) |
|
Net cash used in investing activities | |
(5,693 |
) | | |
(841 |
) |
| Cash flows from financing activities: | | | |
| | Proceeds related to employee stock plans | | 285 | | | | 246 | |
| | Payments related to repurchases of common stock | | (7,740 | ) | | | - | |
| | Payments related to tax on restricted stock units | | (1,752 | ) | | | (507 | ) |
| | Dividends paid | | (98 | ) | | | (99 | ) |
| | Principal payments on property and equipment and intangible assets | | (40 | ) | | | (20 | ) |
|
Net cash used in financing activities | |
(9,345 |
) | | |
(380 |
) |
| Change in cash and cash equivalents | | 307 | | | | 1,690 | |
| Cash and cash equivalents at beginning of period | | 7,280 | | | | 3,389 | |
|
Cash and cash equivalents at end of period |
$ |
7,587 | | |
$ |
5,079 | |
| | | | | |
