Stock Analysis on Net
Stock Analysis on Net
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NVIDIA Corp. (NASDAQ:NVDA)

Balance Sheet: Assets

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

NVIDIA Corp., consolidated balance sheet: assets

US$ in millions

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Jan 26, 2020 Jan 27, 2019 Jan 28, 2018 Jan 29, 2017 Jan 31, 2016 Jan 25, 2015
Cash and cash equivalents 10,896  782  4,002  1,766  596  497 
Marketable securities 6,640  3,106  5,032  4,441  4,127 
Accounts receivable, net 1,657  1,424  1,265  826  505  474 
Inventories 979  1,575  796  794  418  483 
Prepaid expenses and other current assets 157  136  86  118  93  70 
Deferred income taxes —  —  —  —  —  63 
Current assets 13,690  10,557  9,255  8,536  6,053  5,713 
Property and equipment, net 1,674  1,404  997  521  466  557 
Operating lease assets 618  —  —  —  —  — 
Goodwill 618  618  618  618  618  618 
Intangible assets, net 49  45  52  104  166  222 
Deferred income tax assets 548  560  245 
Other assets 118  108  74  55  63  87 
Long-term assets 3,625  2,735  1,986  1,305  1,317  1,488 
Total assets 17,315  13,292  11,241  9,841  7,370  7,201 

Based on: 10-K (filing date: 2020-02-20), 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-03-01), 10-K (filing date: 2016-03-17), 10-K (filing date: 2015-03-12).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. NVIDIA Corp.’s current assets increased from 2018 to 2019 and from 2019 to 2020.
Property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. NVIDIA Corp.’s property and equipment, net increased from 2018 to 2019 and from 2019 to 2020.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. NVIDIA Corp.’s long-term assets increased from 2018 to 2019 and from 2019 to 2020.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. NVIDIA Corp.’s total assets increased from 2018 to 2019 and from 2019 to 2020.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. NVIDIA Corp.’s cash and cash equivalents decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Marketable securities Amount of investment in marketable security, classified as current. NVIDIA Corp.’s marketable securities increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.
Accounts receivable, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. NVIDIA Corp.’s accounts receivable, net increased from 2018 to 2019 and from 2019 to 2020.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. NVIDIA Corp.’s inventories increased from 2018 to 2019 but then slightly decreased from 2019 to 2020 not reaching 2018 level.