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  

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