Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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

	Apr 27, 2025	Jan 26, 2025	Oct 27, 2024	Jul 28, 2024	Apr 28, 2024	Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Oct 25, 2020	Jul 26, 2020	Apr 26, 2020	Jan 26, 2020	Oct 27, 2019	Jul 28, 2019	Apr 28, 2019
Cash and cash equivalents	15,234)	8,589)	9,107)	8,563)	7,587)	7,280)	5,519)	5,783)	5,079)	3,389)	2,800)	3,013)	3,887)	1,990)	1,288)	5,628)	978)	847)	2,251)	3,274)	15,494)	10,896)	9,765)	7,105)	2,772)
Marketable securities	38,457)	34,621)	29,380)	26,237)	23,851)	18,704)	12,762)	10,240)	10,241)	9,907)	10,343)	14,024)	16,451)	19,218)	18,010)	14,026)	11,689)	10,714)	7,888)	7,707)	860)	1)	4)	1,370)	5,030)
Accounts receivable, net	22,132)	23,065)	17,693)	14,132)	12,365)	9,999)	8,309)	7,066)	4,080)	3,827)	4,908)	5,317)	5,438)	4,650)	3,954)	3,586)	3,024)	2,429)	2,546)	2,084)	1,907)	1,657)	1,455)	1,561)	1,242)
Inventories	11,333)	10,080)	7,654)	6,675)	5,864)	5,282)	4,779)	4,319)	4,611)	5,159)	4,454)	3,889)	3,163)	2,605)	2,233)	2,114)	1,992)	1,826)	1,495)	1,401)	1,128)	979)	1,047)	1,204)	1,426)
Prepaid expenses and other current assets	2,779)	3,771)	3,806)	4,026)	4,062)	3,080)	1,289)	1,389)	872)	791)	718)	1,175)	636)	366)	321)	452)	444)	239)	213)	215)	195)	157)	149)	151)	159)
Current assets	89,935)	80,126)	67,640)	59,633)	53,729)	44,345)	32,658)	28,797)	24,883)	23,073)	23,223)	27,418)	29,575)	28,829)	25,806)	25,806)	18,127)	16,055)	14,393)	14,681)	19,584)	13,690)	12,420)	11,391)	10,629)
Property and equipment, net	7,136)	6,283)	5,343)	4,885)	4,006)	3,914)	3,844)	3,799)	3,740)	3,807)	3,774)	3,233)	2,916)	2,778)	2,509)	2,364)	2,268)	2,149)	2,059)	1,964)	1,715)	1,674)	1,517)	1,484)	1,473)
Operating lease assets	1,810)	1,793)	1,755)	1,556)	1,532)	1,346)	1,316)	1,235)	1,094)	1,038)	927)	852)	856)	829)	830)	801)	727)	707)	681)	701)	595)	618)	527)	535)	536)
Goodwill	5,498)	5,188)	4,724)	4,622)	4,453)	4,430)	4,430)	4,430)	4,430)	4,372)	4,372)	4,372)	4,365)	4,349)	4,302)	4,193)	4,193)	4,193)	4,193)	4,193)	628)	618)	618)	618)	618)
Intangible assets, net	769)	807)	838)	952)	986)	1,112)	1,251)	1,395)	1,541)	1,676)	1,850)	2,036)	2,211)	2,339)	2,454)	2,478)	2,613)	2,737)	2,861)	2,854)	80)	49)	43)	49)	54)
Deferred income tax assets	13,318)	10,979)	10,276)	9,578)	7,798)	6,081)	5,982)	5,398)	4,568)	3,396)	2,762)	2,225)	1,784)	1,222)	970)	958)	778)	806)	666)	630)	533)	548)	569)	588)	601)
Other assets	6,788)	6,425)	5,437)	4,001)	4,568)	4,500)	4,667)	4,501)	4,204)	3,820)	3,580)	3,340)	3,505)	3,841)	3,761)	2,050)	2,090)	2,144)	2,028)	157)	119)	118)	116)	110)	110)
Long-term assets	35,319)	31,475)	28,373)	25,594)	23,343)	21,383)	21,490)	20,758)	19,577)	18,109)	17,265)	16,058)	15,637)	15,358)	14,826)	12,844)	12,669)	12,736)	12,488)	10,499)	3,670)	3,625)	3,390)	3,384)	3,392)
Total assets	125,254)	111,601)	96,013)	85,227)	77,072)	65,728)	54,148)	49,555)	44,460)	41,182)	40,488)	43,476)	45,212)	44,187)	40,632)	38,650)	30,796)	28,791)	26,881)	25,180)	23,254)	17,315)	15,810)	14,775)	14,021)

The analysis of the quarterly financial data reveals several key trends in the company’s asset composition and changes over the periods presented.

Cash and Cash Equivalents: The cash and cash equivalents show considerable volatility, with a peak in April 2025 at US$15,234 million, indicating a significant increase in liquidity in the most recent quarter. Earlier periods, such as the quarters in 2020 and early 2021, reflected lower liquidity levels, with some quarters noting levels below US$1,000 million.
Marketable Securities: Marketable securities have exhibited a steady growth trend over the years, notably increasing after mid-2020 from about US$7,707 million to over US$38,457 million in April 2025. This suggests an expanding investment or reserve strategy, enhancing overall current asset quality.
Accounts Receivable, Net: The accounts receivable balance shows a general upward trend from US$1,242 million in April 2019 to over US$22,000 million in the latest quarter. The steady increase indicates growing sales or extended credit terms, with marked acceleration from mid-2022 onwards.
Inventories: Inventories have increased substantially, from US$1,426 million in April 2019 to over US$11,000 million by April 2025. This upward movement can reflect stockpiling or growth in product lines, which could also imply anticipation of higher sales or longer production cycles.
Prepaid Expenses and Other Current Assets: This category has seen irregular growth, with notable peaks in 2023, reaching above US$4,000 million, possibly due to increases in prepaid contracts, deferred expenses, or other operational prepayments.
Current Assets: Overall current assets have shown consistent growth, nearly quadrupling from approximately US$10,629 million in April 2019 to US$89,935 million in April 2025, reflecting an increasingly robust liquidity position and possibly an expanding scale of operations.
Property and Equipment, Net: Net property and equipment values have risen steadily from US$1,473 million to US$7,136 million, suggesting ongoing capital investments in fixed assets, which could improve long-term productive capacity.
Operating Lease Assets: Operating lease assets similarly increased steadily, almost tripling from roughly US$536 million to US$1,810 million, indicating higher commitments or asset utilization via leasing.
Goodwill: Goodwill shows a significant step increase in mid-2020 from US$628 million to over US$4,100 million and continues a gradual increase to nearly US$5,498 million by April 2025. This pattern suggests sizable acquisitions, potentially to expand market share or capabilities.
Intangible Assets, Net: Intangible assets peak in mid-2020 at US$2,854 million but exhibit a continuous decline to US$769 million by April 2025. This decrease likely reflects amortization or impairment over time.
Deferred Income Tax Assets: This item shows consistent growth, increasing from US$601 million to over US$13,318 million, which may imply greater deferred tax benefits or accumulated tax assets arising from timing differences or operating losses.
Other Assets and Long-term Assets: Other assets and overall long-term assets have both seen substantial increases. Long-term assets almost tenfold, growing from US$3,392 million to US$35,319 million, indicating investment in various long-duration assets or acquisitions enriching the company’s asset base.
Total Assets: Total assets consistently increase throughout the observed period, nearly ninefold growth from US$14,021 million to US$125,254 million. This significant asset growth highlights expansion, investments, and strengthening of the asset structure aligned with business growth.

In summary, the financial data indicates a robust growth trajectory with marked increases in liquidity, receivables, inventory, property, and long-term assets. The data also reflects strategic acquisitions as evidenced by the jump in goodwill. The company's asset base has expanded significantly, which is supportive of increased operational scale and financial strength.

Assets: Selected Items

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Current Assets: Selected Items

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NVIDIA Corp. (NASDAQ:NVDA)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data