NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2021
|
NVIDIA CORPORATION
|
|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
|
| (In millions) |
| (Unaudited) |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
|
|
Three Months Ended
|
|
Twelve Months Ended
|
| |
|
|
January 31, |
|
January 26, |
|
January 31, |
|
January 26, |
| |
|
|
|
2021 |
|
|
|
2020 |
|
|
|
2021 |
|
|
|
2020 |
|
| |
|
|
|
|
|
|
|
|
|
| Cash flows from operating activities: |
|
|
|
|
|
|
|
| Net income |
$ |
1,457 |
|
|
$ |
950 |
|
|
$ |
4,332 |
|
|
$ |
2,796 |
|
| Adjustments to reconcile net income to net cash |
|
|
|
|
|
|
|
| provided by operating activities: |
|
|
|
|
|
|
|
| |
Depreciation and amortization |
|
287 |
|
|
|
106 |
|
|
|
1,098 |
|
|
|
381 |
|
| |
Stock-based compensation expense |
|
417 |
|
|
|
220 |
|
|
|
1,397 |
|
|
|
844 |
|
| |
Deferred income taxes |
|
(164 |
) |
|
|
23 |
|
|
|
(282 |
) |
|
|
18 |
|
| |
Other |
|
(17 |
) |
|
|
- |
|
|
|
(20 |
) |
|
|
5 |
|
| Changes in operating assets and liabilities, net of acquisitions: |
|
|
|
|
|
|
|
| |
Accounts receivable |
|
117 |
|
|
|
(202 |
) |
|
|
(550 |
) |
|
|
(233 |
) |
| |
Inventories |
|
(334 |
) |
|
|
66 |
|
|
|
(524 |
) |
|
|
597 |
|
| |
Prepaid expenses and other assets |
|
15 |
|
|
|
22 |
|
|
|
(394 |
) |
|
|
77 |
|
| |
Accounts payable |
|
75 |
|
|
|
104 |
|
|
|
363 |
|
|
|
194 |
|
| |
Accrued and other current liabilities |
|
126 |
|
|
|
157 |
|
|
|
239 |
|
|
|
54 |
|
| |
Other long-term liabilities |
|
88 |
|
|
|
19 |
|
|
|
163 |
|
|
|
28 |
|
| Net cash provided by operating activities |
|
2,067 |
|
|
|
1,465 |
|
|
|
5,822 |
|
|
|
4,761 |
|
| Cash flows from investing activities: |
|
|
|
|
|
|
|
| |
Proceeds from maturities of marketable securities |
|
3,627 |
|
|
|
- |
|
|
|
8,792 |
|
|
|
4,744 |
|
| |
Proceeds from sales of marketable securities |
|
25 |
|
|
|
2 |
|
|
|
527 |
|
|
|
3,365 |
|
| |
Purchases of marketable securities |
|
(6,468 |
) |
|
|
- |
|
|
|
(19,308 |
) |
|
|
(1,461 |
) |
| |
Acquisitions, net of cash acquired |
|
- |
|
|
|
- |
|
|
|
(8,524 |
) |
|
|
(4 |
) |
| |
Purchases related to property and equipment and intangible assets |
|
(283 |
) |
|
|
(144 |
) |
|
|
(1,128 |
) |
|
|
(489 |
) |
| |
Investments and other, net |
|
(30 |
) |
|
|
(9 |
) |
|
|
(34 |
) |
|
|
(10 |
) |
| Net cash provided by (used in) investing activities |
|
(3,129 |
) |
|
|
(151 |
) |
|
|
(19,675 |
) |
|
|
6,145 |
|
| Cash flows from financing activities: |
|
|
|
|
|
|
|
| |
Proceeds related to employee stock plans |
|
4 |
|
|
|
2 |
|
|
|
194 |
|
|
|
149 |
|
| |
Payments related to tax on restricted stock units |
|
(225 |
) |
|
|
(87 |
) |
|
|
(942 |
) |
|
|
(551 |
) |
| |
Dividends paid |
|
(99 |
) |
|
|
(98 |
) |
|
|
(395 |
) |
|
|
(390 |
) |
| |
Issuance of debt, net of issuance costs |
|
(3 |
) |
|
|
- |
|
|
|
4,968 |
|
|
|
- |
|
| |
Principal payments on property and equipment |
|
(17 |
) |
|
|
- |
|
|
|
(17 |
) |
|
|
- |
|
| |
Other |
|
(2 |
) |
|
|
- |
|
|
|
(4 |
) |
|
|
- |
|
| Net cash provided by (used in) financing activities |
|
(342 |
) |
|
|
(183 |
) |
|
|
3,804 |
|
|
|
(792 |
) |
| Change in cash and cash equivalents |
|
(1,404 |
) |
|
|
1,131 |
|
|
|
(10,049 |
) |
|
|
10,114 |
|
| Cash and cash equivalents at beginning of period |
|
2,251 |
|
|
|
9,765 |
|
|
|
10,896 |
|
|
|
782 |
|
| Cash and cash equivalents at end of period |
$ |
847 |
|
|
$ |
10,896 |
|
|
$ |
847 |
|
|
$ |
10,896 |
|
| |
|
|
|
|
|
|
|
|
|
|
