NVIDIA Announces Financial Results for First Quarter Fiscal 2020
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NVIDIA CORPORATION |
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CONDENSED CONSOLIDATED BALANCE SHEETS |
| (In millions) |
| (Unaudited) |
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April 28, | |
January 27, |
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2019 | |
2019 |
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ASSETS | | | |
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| Current assets: | | | |
| | Cash, cash equivalents and marketable securities | $ | 7,802 | | $ | 7,422 |
| | Accounts receivable, net | | 1,242 | | | 1,424 |
| | Inventories | | 1,426 | | | 1,575 |
| | Prepaid expenses and other current assets | | 159 | | | 136 |
| | | Total current assets | | 10,629 | | | 10,557 |
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| Property and equipment, net | | 1,473 | | | 1,404 |
| Operating lease assets | | 536 | | | - |
| Goodwill | | 618 | | | 618 |
| Intangible assets, net | | 54 | | | 45 |
| Deferred income tax assets | | 601 | | | 560 |
| Other assets | | 110 | | | 108 |
| | | Total assets | $ | 14,021 | | $ | 13,292 |
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LIABILITIES AND SHAREHOLDERS' EQUITY |
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| Current liabilities: | | | |
| | Accounts payable | $ | 368 | | $ | 511 |
| | Accrued and other current liabilities | | 815 | | | 818 |
| | | Total current liabilities | | 1,183 | | | 1,329 |
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| Long-term debt | | 1,988 | | | 1,988 |
| Long-term operating lease liabilities | | 486 | | | - |
| Other long-term liabilities | | 660 | | | 633 |
| | | Total liabilities | | 4,317 | | | 3,950 |
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| Shareholders' equity | | 9,704 | | | 9,342 |
| | | Total liabilities and shareholders' equity | $ | 14,021 | | $ | 13,292 |
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