Microsoft Excel LibreOffice Calc

Statement of Financial Position, Liabilities and Stockholders’ Equity

Difficulty: Beginner

The statement of financial position 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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

NVIDIA Corp., Consolidated Statement of Financial Position, Liabilities and Stockholders’ Equity

USD $ in millions

Microsoft Excel LibreOffice Calc
Jan 28, 2018 Jan 29, 2017 Jan 31, 2016 Jan 25, 2015 Jan 26, 2014 Jan 27, 2013
Accounts payable 596  485  296  293  324  356 
Customer related liabilities 181  197  160  147  158  163 
Accrued payroll and related expenses 172  137  79  112  110  99 
Deferred revenue 53  85  322  293  273  274 
Taxes payable 33 
Coupon interest on debt obligations 20  21  –  – 
Accrued royalties 17  –  –  – 
Professional service fees 15  13  23  17  –  – 
Warranty accrual 15  11  15 
Accrued restructuring and other charges 13  23  –  –  – 
Leases payable –  –  – 
Contributions payable –  –  – 
Accrued legal settlement –  –  –  –  31  31 
Other 20  14  11  21  40  35 
Accrued and other current liabilities 542  507  642  603  621  620 
Convertible short-term debt 15  796  1,413  –  –  – 
Current liabilities 1,153  1,788  2,351  896  945  976 
Long-term debt 1,985  1,983  –  –  –  – 
Convertible long-term debt –  –  –  1,384  1,356  – 
Income tax payable 559  96  78  121  120  115 
Deferred income tax liability 18  141  301  232  158  193 
Deferred revenue 15  44  108  172  236 
Employee benefits liability 12  10  –  –  –  – 
Contributions payable 13  –  –  – 
Deferred rent –  –  –  – 
Licenses payable –  –  –  – 
Other 17  28  25  45 
Other long-term liabilities 632  271  453  489  475  589 
Capital lease obligations, long-term –  10  14  18  19 
Noncurrent liabilities 2,617  2,260  463  1,887  1,849  608 
Total liabilities 3,770  4,048  2,814  2,783  2,794  1,585 
Convertible debt conversion obligation –  31  87  –  –  – 
Preferred stock, $.001 par value; none issued –  –  –  –  –  – 
Common stock, $.001 par value
Additional paid-in capital 5,351  4,708  4,170  3,855  3,483  3,194 
Treasury stock, at cost (6,650) (5,039) (4,048) (3,395) (2,537) (1,623)
Accumulated other comprehensive income (loss) (18) (16) (4) 10 
Retained earnings 8,787  6,108  4,350  3,949  3,505  3,246 
Shareholders’ equity 7,471  5,762  4,469  4,418  4,456  4,828 
Total liabilities, convertible debt conversion obligation and shareholders’ equity 11,241  9,841  7,370  7,201  7,251  6,412 

Based on: 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), 10-K (filing date: 2014-03-13), 10-K (filing date: 2013-03-12).

Item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. NVIDIA Corp.’s current liabilities declined from 2016 to 2017 and from 2017 to 2018.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. NVIDIA Corp.’s noncurrent liabilities increased from 2016 to 2017 and from 2017 to 2018.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. NVIDIA Corp.’s total liabilities increased from 2016 to 2017 but then slightly declined from 2017 to 2018.
Shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. NVIDIA Corp.’s shareholders’ equity increased from 2016 to 2017 and from 2017 to 2018.