NVIDIA Announces Financial Results for First Quarter Fiscal 2024
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NVIDIA CORPORATION | |
CONDENSED CONSOLIDATED BALANCE SHEETS | | (In millions) | | (Unaudited) | | | | | | | | | | | | | | | | | | |
April 30, | |
January 29, | | | | |
2023 | |
2023 | |
ASSETS | | | | | | | | | | | | Current assets: | | | | | | Cash, cash equivalents and marketable securities | $ | 15,320 | | $ | 13,296 | | | Accounts receivable, net | | 4,080 | | | 3,827 | | | Inventories | | 4,611 | | | 5,159 | | | Prepaid expenses and other current assets | | 872 | | | 791 | | | | Total current assets | | 24,883 | | | 23,073 | | | | | | | | | Property and equipment, net | | 3,740 | | | 3,807 | | Operating lease assets | | 1,094 | | | 1,038 | | Goodwill | | 4,430 | | | 4,372 | | Intangible assets, net | | 1,541 | | | 1,676 | | Deferred income tax assets | | 4,568 | | | 3,396 | | Other assets | | 4,204 | | | 3,820 | | | | Total assets | $ | 44,460 | | $ | 41,182 | | | | | | | | |
LIABILITIES AND SHAREHOLDERS' EQUITY | | | | | | | | | Current liabilities: | | | | | | Accounts payable | $ | 1,141 | | $ | 1,193 | | | Accrued and other current liabilities | | 4,869 | | | 4,120 | | | Short-term debt | | 1,250 | | | 1,250 | | | | Total current liabilities | | 7,260 | | | 6,563 | | | | | | | | | Long-term debt | | 9,704 | | | 9,703 | | Long-term operating lease liabilities | | 939 | | | 902 | | Other long-term liabilities | | 2,037 | | | 1,913 | | | | Total liabilities | | 19,940 | | | 19,081 | | | | | | | | | Shareholders' equity | | 24,520 | | | 22,101 | | | | Total liabilities and shareholders' equity | $ | 44,460 | | $ | 41,182 | | | | | | | |
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