NVIDIA Announces Financial Results for Second Quarter Fiscal 2024
| | |
Three Months Ended | |
Six Months Ended | | | |
July 30, | |
July 31, | |
July 30, | |
July 31, | | | | |
2023 | | | |
2022 | | | |
2023 | | | |
2022 | | | | | | | | | | | | | Cash flows from financing activities: | | | | | | | | | | Proceeds related to employee stock plans | | 1 | | | | 1 | | | | 247 | | | | 205 | | | | Payments related to repurchases of common stock | | (3,067 | ) | | | (3,345 | ) | | | (3,067 | ) | | | (5,341 | ) | | | Repayment of debt | | (1,250 | ) | | | — | | | | (1,250 | ) | | | — | | | | Payments related to tax on restricted stock units | | (672 | ) | | | (305 | ) | | | (1,179 | ) | | | (837 | ) | | | Dividends paid | | (99 | ) | | | (100 | ) | | | (199 | ) | | | (200 | ) | | | Principal payments on property and equipment and intangible assets | | (11 | ) | | | (14 | ) | | | (31 | ) | | | (36 | ) | | | Other | | — | | | | 1 | | | | — | | | | 1 | | |
Net cash used in financing activities | |
(5,098 |
) | | |
(3,762 |
) | | |
(5,479 |
) | | |
(6,208 |
) | | | | | | | | | | | | Change in cash, cash equivalents, and restricted cash | | 803 | | | | (874 | ) | | | 2,493 | | | | 1,023 | | | Cash, cash equivalents, and restricted cash at beginning of period | | 5,079 | | | | 3,887 | | | | 3,389 | | | | 1,990 | | |
Cash, cash equivalents, and restricted cash at end of period |
$ |
5,882 | | |
$ |
3,013 | | |
$ |
5,882 | | |
$ |
3,013 | | | | | | | | | | | | | Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Balance Sheet: | | | | | | | | | | Cash and cash equivalents | $ | 5,783 | | | $ | 3,013 | | | $ | 5,783 | | | $ | 3,013 | | | | Restricted cash, included in prepaid expenses and other current assets | | 99 | | | | — | | | | 99 | | | | — | | |
Total cash, cash equivalents, and restricted cash |
$ |
5,882 | | |
$ |
3,013 | | |
$ |
5,882 | | |
$ |
3,013 | | | | | | | | | | | | | Supplemental disclosures of cash flow information: | | | | | | | | | Cash paid for income taxes, net | $ | 227 | | | $ | 1,081 | | | $ | 328 | | | $ | 1,108 | |
|
