NVIDIA Corp. (NASDAQ:NVDA)


Balance Sheet: Assets
Quarterly Data

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 (quarterly data)

US$ in millions

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Jan 26, 2020 Oct 27, 2019 Jul 28, 2019 Apr 28, 2019 Jan 27, 2019 Oct 28, 2018 Jul 29, 2018 Apr 29, 2018 Jan 28, 2018 Oct 29, 2017 Jul 30, 2017 Apr 30, 2017 Jan 29, 2017 Oct 30, 2016 Jul 31, 2016 May 1, 2016 Jan 31, 2016 Oct 25, 2015 Jul 26, 2015 Apr 26, 2015 Jan 25, 2015 Oct 26, 2014 Jul 27, 2014 Apr 27, 2014
Cash and cash equivalents 10,896  9,765  7,105  2,772  782  721  718  765  4,002  2,802  1,988  1,989  1,766  1,940  426  547  596  471  435  464  497  395  515  509 
Marketable securities 1,370  5,030  6,640  6,870  7,225  6,535  3,106  3,518  3,889  4,217  5,032  4,731  4,453  4,207  4,441  4,257  4,070  4,328  4,127  3,846  3,871  3,839 
Accounts receivable, net 1,657  1,455  1,561  1,242  1,424  2,219  1,662  1,220  1,265  1,167  1,213  976  826  833  644  523  505  536  514  455  474  563  470  396 
Inventories 979  1,047  1,204  1,426  1,575  1,417  1,090  797  796  857  855  821  794  679  521  394  418  425  441  438  483  408  387  393 
Prepaid expenses and other current assets 157  149  151  159  136  159  136  131  86  135  125  113  118  124  112  119  93  93  89  89  70  67  68  71 
Deferred income taxes —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  52  59  58  63  61  67  65 
Current assets 13,690  12,420  11,391  10,629  10,557  11,386  10,831  9,448  9,255  8,479  8,070  8,116  8,536  8,307  6,156  5,790  6,053  5,834  5,608  5,832  5,713  5,341  5,378  5,274 
Property and equipment, net 1,674  1,517  1,484  1,473  1,404  1,292  1,162  1,066  997  600  578  539  521  503  485  479  466  477  497  547  557  567  557  571 
Operating lease assets 618  527  535  536  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Goodwill 618  618  618  618  618  618  618  618  618  618  618  618  618  618  618  618  618  618  618  618  618  643  643  643 
Intangible assets, net 49  43  49  54  45  49  51  55  52  63  76  90  104  120  138  155  166  172  190  205  222  241  261  278 
Deferred income tax assets 548  569  588  601  560  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other assets 118  116  110  110  108  312  220  273  319  70  60  47  62  64  64  66  67  73  66  89  91  94  95  99 
Long-term assets 3,625  3,390  3,384  3,392  2,735  2,271  2,051  2,012  1,986  1,351  1,332  1,294  1,305  1,305  1,305  1,318  1,317  1,340  1,371  1,459  1,488  1,545  1,556  1,591 
Total assets 17,315  15,810  14,775  14,021  13,292  13,657  12,882  11,460  11,241  9,830  9,402  9,410  9,841  9,612  7,461  7,108  7,370  7,174  6,979  7,291  7,201  6,886  6,934  6,865 

Based on: 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-11-14), 10-Q (filing date: 2019-08-15), 10-Q (filing date: 2019-05-16), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-11-15), 10-Q (filing date: 2018-08-16), 10-Q (filing date: 2018-05-22), 10-K (filing date: 2018-02-28), 10-Q (filing date: 2017-11-21), 10-Q (filing date: 2017-08-23), 10-Q (filing date: 2017-05-23), 10-K (filing date: 2017-03-01), 10-Q (filing date: 2016-11-22), 10-Q (filing date: 2016-08-23), 10-Q (filing date: 2016-05-25), 10-K (filing date: 2016-03-17), 10-Q (filing date: 2015-11-18), 10-Q (filing date: 2015-08-19), 10-Q (filing date: 2015-05-20), 10-K (filing date: 2015-03-12), 10-Q (filing date: 2014-11-19), 10-Q (filing date: 2014-08-20), 10-Q (filing date: 2014-05-21).


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 Q2 2020 to Q3 2020 and from Q3 2020 to Q4 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 Q2 2020 to Q3 2020 and from Q3 2020 to Q4 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 Q2 2020 to Q3 2020 and from Q3 2020 to Q4 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 Q2 2020 to Q3 2020 and from Q3 2020 to Q4 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 increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
Marketable securities Amount of investment in marketable security, classified as current. NVIDIA Corp.’s marketable securities decreased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 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 decreased from Q2 2020 to Q3 2020 but then increased from Q3 2020 to Q4 2020 exceeding Q2 2020 level.
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 decreased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.