|
NVIDIA CORPORATION |
|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |
| (In millions) |
| (Unaudited) |
| | | | | |
| | | | | |
| | |
Three Months Ended |
| | |
April 30, | |
May 1, |
| | | |
2023 | | | |
2022 | |
| | | | | |
| Cash flows from operating activities: | | | |
| Net income | $ | 2,043 | | | $ | 1,618 | |
| Adjustments to reconcile net income to net cash | | | |
| provided by operating activities: | | | |
| | Stock based compensation expense | | 735 | | | | 578 | |
| | Depreciation and amortization | | 384 | | | | 334 | |
| | Losses on investments in non affiliates, net | | 14 | | | | 17 | |
| | Deferred income taxes | | (1,135 | ) | | | (542 | ) |
| | Acquisition termination cost | | - | | | | 1,353 | |
| | Other | | (34 | ) | | | 23 | |
| Changes in operating assets and liabilities, net of acquisitions: | | | |
| | Accounts receivable | | (252 | ) | | | (788 | ) |
| | Inventories | | 566 | | | | (560 | ) |
| | Prepaid expenses and other assets | | (215 | ) | | | (1,261 | ) |
| | Accounts payable | | 11 | | | | 255 | |
| | Accrued liabilities and other current liabilities | | 689 | | | | 634 | |
| | Other long-term liabilities | | 105 | | | | 70 | |
| Net cash provided by operating activities | | 2,911 | | | | 1,731 | |
| Cash flows from investing activities: | | | |
| | Proceeds from maturities of marketable securities | | 2,512 | | | | 5,947 | |
| | Proceeds from sales of marketable securities | | - | | | | 1,029 | |
| | Purchases of marketable securities | | (2,801 | ) | | | (3,932 | ) |
| | Purchase related to property and equipment and intangible assets | | (248 | ) | | | (361 | ) |
| | Acquisitions, net of cash acquired | | (83 | ) | | | (36 | ) |
| | Investments and other, net | | (221 | ) | | | (35 | ) |
| Net cash provided by (used in) investing activities | | (841 | ) | | | 2,612 | |
| Cash flows from financing activities: | | | |
| | Proceeds related to employee stock plans | | 246 | | | | 204 | |
| | Payments related to tax on restricted stock units | | (507 | ) | | | (532 | ) |
| | Dividends paid | | (99 | ) | | | (100 | ) |
| | Principal payments on property and equipment and intangible assets | | (20 | ) | | | (22 | ) |
| | Payments related to repurchases of common stock | | - | | | | (1,996 | ) |
| Net cash provided by (used in) financing activities | | (380 | ) | | | (2,446 | ) |
| Change in cash and cash equivalents | | 1,690 | | | | 1,897 | |
| Cash and cash equivalents at beginning of period | | 3,389 | | | | 1,990 | |
| Cash and cash equivalents at end of period | $ | 5,079 | | | $ | 3,887 | |
| | | | | |
