NVIDIA Announces Financial Results for Fourth Quarter and Fiscal

NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2022

NVIDIA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)


		Three Months Ended						Twelve Months Ended
		January 30,			January 31,			January 30,			January 31,
			2022			2021			2022			2021

Cash flows from operating activities:
Net income		$	3,003		$	1,457		$	9,752		$	4,332
Adjustments to reconcile net income to net cash
provided by operating activities:
	Stock-based compensation expense		551			417			2,004			1,397
	Depreciation and amortization		309			287			1,174			1,098
	Deferred income taxes		(225	)		(164	)		(406	)		(282	)
	(Gains) losses on investments in non affiliates, net		53			(9	)		(100	)		-
	Other		21			(8	)		47			(20	)
Changes in operating assets and liabilities, net of acquisitions:
	Accounts receivable		(692	)		117			(2,215	)		(550	)
	Inventories		(374	)		(334	)		(774	)		(524	)
	Prepaid expenses and other assets		(158	)		15			(1,715	)		(394	)
	Accounts payable		183			23			568			312
	Accrued and other current liabilities		423			178			581			290
	Other long-term liabilities		(61	)		88			192			163
Net cash provided by operating activities			3,033			2,067			9,108			5,822
Cash flows from investing activities:
	Proceeds from maturities of marketable securities		7,417			3,627			15,197			8,792
	Proceeds from sales of marketable securities		107			25			1,023			527
	Purchases of marketable securities		(8,767	)		(6,468	)		(24,787	)		(19,308	)
	Purchases related to property and equipment and intangible assets		(273	)		(283	)		(976	)		(1,128	)
	Acquisitions, net of cash acquired		(60	)		-			(263	)		(8,524	)
	Investments and other, net		(11	)		(30	)		(24	)		(34	)
Net cash used in investing activities			(1,587	)		(3,129	)		(9,830	)		(19,675	)
Cash flows from financing activities:
	Proceeds related to employee stock plans		4			4			281			194
	Payments related to tax on restricted stock units		(622	)		(225	)		(1,904	)		(942	)
	Dividends paid		(100	)		(99	)		(399	)		(395	)
	Principal payments on property and equipment		(21	)		(17	)		(83	)		(17	)
	Other		(5	)		(2	)		(7	)		(4	)
	Issuance of debt, net of issuance costs		-			(3	)		4,977			4,968
	Repayment of debt		-			-			(1,000	)		-
Net cash provided by (used in) financing activities			(744	)		(342	)		1,865			3,804
Change in cash and cash equivalents			702			(1,404	)		1,143			(10,049	)
Cash and cash equivalents at beginning of period			1,288			2,251			847			10,896
Cash and cash equivalents at end of period		$	1,990		$	847		$	1,990		$	847

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