NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2020
|
NVIDIA CORPORATION |
|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |
| (In millions) |
| (Unaudited) |
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| |
Three Months Ended |
|
Twelve Months Ended |
| |
January 26, |
|
January 27, |
|
January 26, |
|
January 27, |
| |
2020 |
|
2019 |
|
2020 |
|
2019 |
| |
|
|
|
|
|
|
|
| Cash flows from operating activities: |
|
|
|
|
|
|
|
| Net income |
$ |
950 |
|
|
$ |
567 |
|
|
$ |
2,796 |
|
|
$ |
4,141 |
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
|
| Stock-based compensation expense |
|
220 |
|
|
|
156 |
|
|
|
844 |
|
|
|
557 |
|
| Depreciation and amortization |
|
106 |
|
|
|
78 |
|
|
|
381 |
|
|
|
262 |
|
| Deferred income taxes |
|
23 |
|
|
|
(345 |
) |
|
|
18 |
|
|
|
(315 |
) |
| Other |
|
- |
|
|
|
(10 |
) |
|
|
5 |
|
|
|
(45 |
) |
| Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
| Accounts receivable |
|
(202 |
) |
|
|
794 |
|
|
|
(233 |
) |
|
|
(149 |
) |
| Inventories |
|
66 |
|
|
|
(156 |
) |
|
|
597 |
|
|
|
(776 |
) |
| Prepaid expenses and other assets |
|
22 |
|
|
|
13 |
|
|
|
77 |
|
|
|
(55 |
) |
| Accounts payable |
|
104 |
|
|
|
(359 |
) |
|
|
194 |
|
|
|
(135 |
) |
| Accrued and other current liabilities |
|
157 |
|
|
|
109 |
|
|
|
54 |
|
|
|
256 |
|
| Other long-term liabilities |
|
19 |
|
|
|
51 |
|
|
|
28 |
|
|
|
2 |
|
| Net cash provided by operating activities |
|
1,465 |
|
|
|
898 |
|
|
|
4,761 |
|
|
|
3,743 |
|
| Cash flows from investing activities: |
|
|
|
|
|
|
|
| Proceeds from maturities of marketable securities |
|
- |
|
|
|
964 |
|
|
|
4,744 |
|
|
|
7,232 |
|
| Proceeds from sales of marketable securities |
|
2 |
|
|
|
314 |
|
|
|
3,365 |
|
|
|
428 |
|
| Purchases of marketable securities |
|
- |
|
|
|
(1,036 |
) |
|
|
(1,461 |
) |
|
|
(11,148 |
) |
| Purchases of property and equipment and intangible assets |
|
(144 |
) |
|
|
(203 |
) |
|
|
(489 |
) |
|
|
(600 |
) |
| Investments and other, net |
|
(9 |
) |
|
|
- |
|
|
|
(14 |
) |
|
|
(9 |
) |
| Net cash provided by (used in) investing activities |
|
(151 |
) |
|
|
39 |
|
|
|
6,145 |
|
|
|
(4,097 |
) |
| Cash flows from financing activities: |
|
|
|
|
|
|
|
| Payments related to repurchases of common stock |
|
- |
|
|
|
(724 |
) |
|
|
- |
|
|
|
(1,579 |
) |
| Repayment of Convertible Notes |
|
- |
|
|
|
(3 |
) |
|
|
- |
|
|
|
(16 |
) |
| Dividends paid |
|
(98 |
) |
|
|
(98 |
) |
|
|
(390 |
) |
|
|
(371 |
) |
| Proceeds related to employee stock plans |
|
2 |
|
|
|
3 |
|
|
|
149 |
|
|
|
137 |
|
| Payments related to tax on restricted stock units |
|
(87 |
) |
|
|
(50 |
) |
|
|
(551 |
) |
|
|
(1,032 |
) |
| Other |
|
- |
|
|
|
(4 |
) |
|
|
- |
|
|
|
(5 |
) |
| Net cash used in financing activities |
|
(183 |
) |
|
|
(876 |
) |
|
|
(792 |
) |
|
|
(2,866 |
) |
| Change in cash and cash equivalents |
|
1,131 |
|
|
|
61 |
|
|
|
10,114 |
|
|
|
(3,220 |
) |
| Cash and cash equivalents at beginning of period |
|
9,765 |
|
|
|
721 |
|
|
|
782 |
|
|
|
4,002 |
|
| Cash and cash equivalents at end of period |
$ |
10,896 |
|
|
$ |
782 |
|
|
$ |
10,896 |
|
|
$ |
782 |
|
| |
|
|
|
|
|
|
|
|
|
