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NVIDIA Corp. (NASDAQ:NVDA)


Balance Sheet: Liabilities and Stockholders’ Equity

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.

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 balance sheet: liabilities and stockholders’ equity

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
Accounts payable 687  511  596  485  296  293 
Customer program accruals 462  302  181  197  160  147 
Accrued payroll and related expenses 185  186  172  137  79  112 
Deferred revenue 141  92  53  85  322  293 
Short-term operating lease liabilities 91  —  —  —  —  — 
Taxes payable 61  91  33 
Licenses payable 54  12  —  —  —  — 
Professional service fees 18  14  15  13  23  17 
Other 85  121  88  71  56  31 
Accrued and other current liabilities 1,097  818  542  507  642  603 
Convertible short-term debt —  —  15  796  1,413  — 
Current liabilities 1,784  1,329  1,153  1,788  2,351  896 
Long-term debt 1,991  1,988  1,985  1,983  —  — 
Long-term operating lease liabilities 561  —  —  —  —  — 
Convertible long-term debt —  —  —  —  —  1,384 
Income tax payable 528  513  559  96  78  121 
Licenses payable 110  —  —  —  — 
Deferred revenue 60  46  15  44  108 
Deferred income tax liability 29  19  18  141  301  232 
Employee benefits liability 22  20  12  10  —  — 
Deferred rent —  21  —  — 
Other 26  13  19  14  30  28 
Other long-term liabilities 775  633  632  271  453  489 
Capital lease obligations, long-term —  —  —  10  14 
Long-term liabilities 3,327  2,621  2,617  2,260  463  1,887 
Total liabilities 5,111  3,950  3,770  4,048  2,814  2,783 
Convertible debt conversion obligation —  —  —  31  87  — 
Preferred stock, $.001 par value; none issued —  —  —  —  —  — 
Common stock, $.001 par value
Additional paid-in capital 7,045  6,051  5,351  4,708  4,170  3,855 
Treasury stock, at cost (9,814) (9,263) (6,650) (5,039) (4,048) (3,395)
Accumulated other comprehensive income (loss) (12) (18) (16) (4)
Retained earnings 14,971  12,565  8,787  6,108  4,350  3,949 
Shareholders’ equity 12,204  9,342  7,471  5,762  4,469  4,418 
Total liabilities, convertible debt conversion obligation and shareholders’ equity 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).

Balance sheet 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 increased from 2018 to 2019 and from 2019 to 2020.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. NVIDIA Corp.’s long-term liabilities increased from 2018 to 2019 and from 2019 to 2020.
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 2018 to 2019 and from 2019 to 2020.
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 2018 to 2019 and from 2019 to 2020.