|
NVIDIA CORPORATION |
|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |
| (In millions) |
| (Unaudited) |
| | | | | | |
| | | | | | |
| | | |
Three Months Ended |
| | | |
May 1, | |
May 2, |
| | | | |
2022 | | | |
2021 | |
| | | | | | |
| Cash flows from operating activities: | | | |
| Net income | $ | 1,618 | | | $ | 1,912 | |
| Adjustments to reconcile net income to net cash | | | |
| provided by operating activities: | | | |
| | Acquisition termination cost | | 1,353 | | | | - | |
| | Stock-based compensation expense | | 578 | | | | 429 | |
| | Depreciation and amortization | | 334 | | | | 281 | |
| | Losses (gains) on investments in non affiliates, net | | 17 | | | | (133 | ) |
| | Deferred income taxes | | (542 | ) | | | 24 | |
| | Other | | 23 | | | | (3 | ) |
| Changes in operating assets and liabilities, net of acquisitions: | | | |
| | Accounts receivable | | (788 | ) | | | (595 | ) |
| | Inventories | | (560 | ) | | | (159 | ) |
| | Prepaid expenses and other assets | | (1,261 | ) | | | 2 | |
| | Accounts payable | | 255 | | | | 36 | |
| | Accrued and other current liabilities | | 634 | | | | 33 | |
| | Other long-term liabilities | | 70 | | | | 47 | |
| Net cash provided by operating activities | | 1,731 | | | | 1,874 | |
| Cash flows from investing activities: | | | |
| | Proceeds from maturities of marketable securities | | 5,947 | | | | 3,140 | |
| | Proceeds from sales of marketable securities | | 1,029 | | | | 358 | |
| | Purchases of marketable securities | | (3,932 | ) | | | (4,470 | ) |
| | Purchases related to property and equipment and intangible assets | | | (361 | ) | | | (298 | ) |
| | Acquisitions, net of cash acquired | | (36 | ) | | | - | |
| | Investments and other, net | | (35 | ) | | | (2 | ) |
| Net cash provided by (used in) investing activities | | 2,612 | | | | (1,272 | ) |
| Cash flows from financing activities: | | | |
| | Proceeds related to employee stock plans | | 204 | | | | 126 | |
| | Payments related to repurchases of common stock | | (1,996 | ) | | | - | |
| | Payments related to tax on restricted stock units | | (532 | ) | | | (477 | ) |
| | Dividends paid | | (100 | ) | | | (99 | ) |
| | Principal payments on property and equipment and intangible assets | | | (22 | ) | | | (19 | ) |
| | Other | | - | | | | (2 | ) |
| Net cash used in financing activities | | (2,446 | ) | | | (471 | ) |
| Change in cash and cash equivalents | | 1,897 | | | | 131 | |
| Cash and cash equivalents at beginning of period | | 1,990 | | | | 847 | |
| Cash and cash equivalents at end of period | $ | 3,887 | | | $ | 978 | |
