NVIDIA Announces Financial Results for Fourth Quarter and Fiscal

NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2024

NVIDIA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)


		Three Months Ended						Twelve Months Ended
		January 28,			January 29,			January 28,			January 29,
			2024			2023			2024			2023

Cash flows from operating activities:
Net income		$	12,285		$	1,414		$	29,760		$	4,368
Adjustments to reconcile net income to net cash
provided by operating activities:
	Stock-based compensation expense		993			738			3,549			2,709
	Depreciation and amortization		387			426			1,508			1,544
	Deferred income taxes		(78	)		(647	)		(2,489	)		(2,164	)
	(Gains) losses on investments in non-affiliated entities, net		(260	)		10			(238	)		45
	Acquisition termination cost		-			-			-			1,353
	Other		(109	)		20			(278	)		(7	)
Changes in operating assets and liabilities, net of acquisitions:
	Accounts receivable		(1,690	)		1,081			(6,172	)		822
	Inventories		(503	)		(706	)		(98	)		(2,554	)
	Prepaid expenses and other assets		(1,184	)		(210	)		(1,522	)		(1,517	)
	Accounts payable		281			(193	)		1,531			(551	)
	Accrued and other current liabilities		1,072			166			2,025			1,341
	Other long-term liabilities		305			150			514			252
Net cash provided by operating activities			11,499			2,249			28,090			5,641
Cash flows from investing activities:
	Proceeds from maturities of marketable securities		1,731			2,633			9,732			19,425
	Proceeds from sales of marketable securities		50			-			50			1,806
	Purchases of marketable securities		(7,524	)		(2,133	)		(18,211	)		(11,897	)
	Purchase related to property and equipment and intangible assets		(253	)		(509	)		(1,069	)		(1,833	)
	Acquisitions, net of cash acquired		-			-			(83	)		(49	)
	Investments in non-affiliated entities and other, net		(113	)		5			(985	)		(77	)
Net cash provided by (used in) investing activities			(6,109	)		(4	)		(10,566	)		7,375
Cash flows from financing activities:
	Proceeds related to employee stock plans		-			5			403			355
	Payments related to repurchases of common stock		(2,660	)		(1,212	)		(9,533	)		(10,039	)
	Payments related to tax on restricted stock units		(841	)		(344	)		(2,783	)		(1,475	)
	Repayment of debt		-			-			(1,250	)		-
	Dividends paid		(99	)		(98	)		(395	)		(398	)
	Principal payments on property and equipment and intangible assets		(29	)		(4	)		(74	)		(58	)
	Other		-			(3	)		(1	)		(2	)
Net cash used in financing activities			(3,629	)		(1,656	)		(13,633	)		(11,617	)
Change in cash and cash equivalents			1,761			589			3,891			1,399
Cash and cash equivalents at beginning of period			5,519			2,800			3,389			1,990
Cash and cash equivalents at end of period		$	7,280		$	3,389		$	7,280		$	3,389

Supplemental disclosures of cash flow information:
	Cash paid for income taxes, net	$	1,874		$	32		$	6,549		$	1,404
	Cash paid for interest	$	26		$	28		$	252		$	254

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