| NVIDIA CORPORATION | ||||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||||||||||||
| (In millions) | ||||||||||||||||||
| (Unaudited) | ||||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||||
| October 27, | October 29, | October 27, | October 29, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||||
| Cash flows from operating activities: | ||||||||||||||||||
| Net income | $ | 19,309 | $ | 9,243 | $ | 50,789 | $ | 17,475 | ||||||||||
| Adjustments to reconcile net income to net cash | ||||||||||||||||||
| provided by operating activities: | ||||||||||||||||||
| Stock-based compensation expense | 1,252 | 979 | 3,416 | 2,555 | ||||||||||||||
| Depreciation and amortization | 478 | 372 | 1,321 | 1,121 | ||||||||||||||
| (Gains) losses on investments in non-affiliated entities and publicly-held equity securities, net | (37 | ) | 69 | (302 | ) | 24 | ||||||||||||
| Deferred income taxes | (602 | ) | (529 | ) | (3,879 | ) | (2,411 | ) | ||||||||||
| Other | (79 | ) | (66 | ) | (365 | ) | (170 | ) | ||||||||||
| Changes in operating assets and liabilities, net of acquisitions: | ||||||||||||||||||
| Accounts receivable | (3,561 | ) | (1,243 | ) | (7,694 | ) | (4,482 | ) | ||||||||||
| Inventories | (978 | ) | (457 | ) | (2,357 | ) | 405 | |||||||||||
| Prepaid expenses and other assets | (714 | ) | 254 | (726 | ) | (337 | ) | |||||||||||
| Accounts payable | 1,689 | 461 | 2,490 | 1,250 | ||||||||||||||
| Accrued and other current liabilities | 606 | (1,722 | ) | 3,918 | 953 | |||||||||||||
| Other long-term liabilities | 266 | (28 | ) | 849 | 208 | |||||||||||||
| Net cash provided by operating activities | 17,629 | 7,333 | 47,460 | 16,591 | ||||||||||||||
| Cash flows from investing activities: | ||||||||||||||||||
| Proceeds from maturities of marketable securities | 1,386 | 2,891 | 9,485 | 8,001 | ||||||||||||||
| Proceeds from sales of marketable securities | 154 | - | 318 | - | ||||||||||||||
| Purchases of marketable securities | (4,518 | ) | (5,345 | ) | (19,565 | ) | (10,688 | ) | ||||||||||
| Purchase related to property and equipment and intangible assets | (813 | ) | (278 | ) | (2,159 | ) | (815 | ) | ||||||||||
| Acquisitions, net of cash acquired | (147 | ) | - | (465 | ) | (83 | ) | |||||||||||
| Purchases of investments in non-affiliated entities | (473 | ) | (441 | ) | (1,008 | ) | (897 | ) | ||||||||||
| Proceeds from sales of investments in non-affiliated entities | 66 | - | 171 | - | ||||||||||||||
| Other | - | 4 | - | 25 | ||||||||||||||
| Net cash used in investing activities | (4,345 | ) | (3,169 | ) | (13,223 | ) | (4,457 | ) | ||||||||||
| Cash flows from financing activities: | ||||||||||||||||||
| Proceeds related to employee stock plans | 204 | 156 | 489 | 403 | ||||||||||||||
| Payments related to repurchases of common stock | (10,998 | ) | (3,806 | ) | (25,895 | ) | (6,874 | ) | ||||||||||
| Repayment of debt | - | - | (1,250 | ) | (1,250 | ) | ||||||||||||
| Payments related to tax on restricted stock units | (1,680 | ) | (764 | ) | (5,068 | ) | (1,942 | ) | ||||||||||
| Dividends paid | (245 | ) | (99 | ) | (589 | ) | (296 | ) | ||||||||||
| Principal payments on property and equipment and intangible assets | (29 | ) | (13 | ) | (97 | ) | (44 | ) | ||||||||||
| Other | - | (1 | ) | - | (1 | ) | ||||||||||||
| Net cash used in financing activities | (12,748 | ) | (4,527 | ) | (32,410 | ) | (10,004 | ) | ||||||||||
| Change in cash, cash equivalents, and restricted cash | 536 | (363 | ) | 1,827 | 2,130 | |||||||||||||
| Cash, cash equivalents, and restricted cash at beginning of period | 8,571 | 5,882 | 7,280 | 3,389 | ||||||||||||||
| Cash, cash equivalents, and restricted cash at end of period | $ | 9,107 | $ | 5,519 | $ | 9,107 | $ | 5,519 | ||||||||||
| Supplemental disclosures of cash flow information: | ||||||||||||||||||
| Cash paid for income taxes, net | $ | 3,540 | $ | 4,348 | $ | 10,989 | $ | 4,676 | ||||||||||
NVIDIA Announces Financial Results for Third Quarter Fiscal 2025
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