NVIDIA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)
| Three Months Ended | Six Months Ended | |||||||||||||||
| July 30, | July 31, | July 30, | July 31, | |||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
| Cash flows from operating activities: | ||||||||||||||||
| Net income | $ | 6,188 | $ | 656 | $ | 8,232 | $ | 2,274 | ||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||
| Stock based compensation expense | 842 | 648 | 1,576 | 1,226 | ||||||||||||
| Depreciation and amortization | 365 | 378 | 749 | 712 | ||||||||||||
| (Gains) losses on investments in non affiliates, net | (60 | ) | 7 | (45 | ) | 24 | ||||||||||
| Deferred income taxes | (746 | ) | (443 | ) | (1,881 | ) | (985 | ) | ||||||||
| Acquisition termination cost | — | — | — | 1,353 | ||||||||||||
| Other | (69 | ) | (5 | ) | (102 | ) | 18 | |||||||||
| Changes in operating assets and liabilities, net of acquisitions: | ||||||||||||||||
| Accounts receivable | (2,986 | ) | 120 | (3,239 | ) | (668 | ) | |||||||||
| Inventories | 296 | (725 | ) | 861 | (1,285 | ) | ||||||||||
| Prepaid expenses and other assets | (376 | ) | (293 | ) | (592 | ) | (1,554 | ) | ||||||||
| Accounts payable | 777 | 304 | 789 | 559 | ||||||||||||
| Accrued liabilities and other current liabilities | 1,986 | 633 | 2,675 | 1,267 | ||||||||||||
| Other long-term liabilities | 131 | (10 | ) | 236 | 60 | |||||||||||
| Net cash provided by operating activities | 6,348 | 1,270 | 9,259 | 3,001 | ||||||||||||
| Cash flows from investing activities: | ||||||||||||||||
| Proceeds from maturities of marketable securities | 2,598 | 5,036 | 5,111 | 10,983 | ||||||||||||
| Proceeds from sales of marketable securities | — | 702 | — | 1,731 | ||||||||||||
| Purchases of marketable securities | (2,542 | ) | (3,644 | ) | (5,343 | ) | (7,576 | ) | ||||||||
| Purchase related to property and equipment and intangible assets | (289 | ) | (433 | ) | (537 | ) | (794 | ) | ||||||||
| Acquisitions, net of cash acquired | — | (13 | ) | (83 | ) | (49 | ) | |||||||||
| Investments and other, net | (214 | ) | (30 | ) | (435 | ) | (65 | ) | ||||||||
| Net cash provided by (used in) investing activities | (447 | ) | 1,618 | (1,287 | ) | 4,230 | ||||||||||
