| NVIDIA CORPORATION | ||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||
| (In millions) | ||||||||
| (Unaudited) | ||||||||
| Three Months Ended | ||||||||
| April 28, | April 30, | |||||||
| 2024 | 2023 | |||||||
| Cash flows from operating activities: | ||||||||
| Net income | $ | 14,881 | $ | 2,043 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Stock-based compensation expense | 1,011 | 735 | ||||||
| Depreciation and amortization | 410 | 384 | ||||||
| Realized and unrealized (gains) losses on investments in non-affiliated entities, net | (69 | ) | 14 | |||||
| Deferred income taxes | (1,577 | ) | (1,135 | ) | ||||
| Other | (145 | ) | (34 | ) | ||||
| Changes in operating assets and liabilities, net of acquisitions: | ||||||||
| Accounts receivable | (2,366 | ) | (252 | ) | ||||
| Inventories | (577 | ) | 566 | |||||
| Prepaid expenses and other assets | (726 | ) | (215 | ) | ||||
| Accounts payable | (22 | ) | 11 | |||||
| Accrued and other current liabilities | 4,202 | 689 | ||||||
| Other long-term liabilities | 323 | 105 | ||||||
| Net cash provided by operating activities | 15,345 | 2,911 | ||||||
| Cash flows from investing activities: | ||||||||
| Proceeds from maturities of marketable securities | 4,004 | 2,512 | ||||||
| Proceeds from sales of marketable securities | 149 | - | ||||||
| Purchases of marketable securities | (9,303 | ) | (2,801 | ) | ||||
| Purchase related to property and equipment and intangible assets | (369 | ) | (248 | ) | ||||
| Acquisitions, net of cash acquired | (39 | ) | (83 | ) | ||||
| Investments in non-affiliated entities | (135 | ) | (221 | ) | ||||
| Net cash used in investing activities | (5,693 | ) | (841 | ) | ||||
| Cash flows from financing activities: | ||||||||
| Proceeds related to employee stock plans | 285 | 246 | ||||||
| Payments related to repurchases of common stock | (7,740 | ) | - | |||||
| Payments related to tax on restricted stock units | (1,752 | ) | (507 | ) | ||||
| Dividends paid | (98 | ) | (99 | ) | ||||
| Principal payments on property and equipment and intangible assets | (40 | ) | (20 | ) | ||||
| Net cash used in financing activities | (9,345 | ) | (380 | ) | ||||
| Change in cash and cash equivalents | 307 | 1,690 | ||||||
| Cash and cash equivalents at beginning of period | 7,280 | 3,389 | ||||||
| Cash and cash equivalents at end of period | $ | 7,587 | $ | 5,079 | ||||
NVIDIA Announces Financial Results for First Quarter Fiscal 2025
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