| |
|
NVIDIA CORPORATION |
|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |
| (In millions) |
| (Unaudited) |
| |
|
|
|
|
|
| |
|
|
Three Months Ended |
| |
|
|
April 26, |
|
April 28, |
| |
|
|
|
2020 |
|
|
|
2019 |
|
| |
|
|
|
|
|
| Cash flows from operating activities: |
|
|
|
| Net income |
$ |
917 |
|
|
$ |
394 |
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| |
Stock-based compensation expense |
|
224 |
|
|
|
178 |
|
| |
Depreciation and amortization |
|
107 |
|
|
|
91 |
|
| |
Deferred income taxes |
|
16 |
|
|
|
(42 |
) |
| |
Other |
|
4 |
|
|
|
(2 |
) |
| Changes in operating assets and liabilities: |
|
|
|
| |
Accounts receivable |
|
(249 |
) |
|
|
182 |
|
| |
Inventories |
|
(151 |
) |
|
|
153 |
|
| |
Prepaid expenses and other assets |
|
(8 |
) |
|
|
5 |
|
| |
Accounts payable |
|
71 |
|
|
|
(123 |
) |
| |
Accrued and other current liabilities |
|
(32 |
) |
|
|
(129 |
) |
| |
Other long-term liabilities |
|
10 |
|
|
|
13 |
|
| Net cash provided by operating activities |
|
909 |
|
|
|
720 |
|
| Cash flows from investing activities: |
|
|
|
| |
Proceeds from sales of marketable securities |
|
1 |
|
|
|
26 |
|
| |
Proceeds from maturities of marketable securities |
|
- |
|
|
|
2,219 |
|
| |
Purchases of marketable securities |
|
(861 |
) |
|
|
(622 |
) |
| |
Purchases of property and equipment and intangible assets |
|
(155 |
) |
|
|
(128 |
) |
| |
Acquisition of business, net of cash acquired |
|
(34 |
) |
|
|
- |
|
| |
Investments and other, net |
|
(6 |
) |
|
|
- |
|
| Net cash provided by (used in) investing activities |
|
(1,055 |
) |
|
|
1,495 |
|
| Cash flows from financing activities: |
|
|
|
| |
Issuance of debt, net of issuance costs |
|
4,979 |
|
|
|
- |
|
| |
Proceeds related to employee stock plans |
|
88 |
|
|
|
83 |
|
| |
Payments related to tax on restricted stock units |
|
(222 |
) |
|
|
(211 |
) |
| |
Dividends paid |
|
(98 |
) |
|
|
(97 |
) |
| |
Other |
|
(3 |
) |
|
|
- |
|
| Net cash provided by (used in) financing activities |
|
4,744 |
|
|
|
(225 |
) |
| Change in cash and cash equivalents |
|
4,598 |
|
|
|
1,990 |
|
| Cash and cash equivalents at beginning of period |
|
10,896 |
|
|
|
782 |
|
| Cash and cash equivalents at end of period |
$ |
15,494 |
|
|
$ |
2,772 |
|
