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NVDA NVIDIA

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GraphicsCompute & NetworkingAll OtherConsolidated(In millions)Year Ended January 31, 2021: Revenue$9,834 $6,841 $0 $16,675 Operating income (loss)$4,612 $2,548 $(2,628)$4,532 Year Ended January 26, 2020: Revenue$7,639 $3,279 $0 $10,918 Operating income (loss)$3,267 $751 $(1,172)$2,846 Year Ended January 27, 2019: Revenue$8,159 $3,557 $0 $11,716 Operating income (loss)$3,417 $1,251 $(864)$3,804
Revenue and income by segment of business
10-K
2021 FY
21 Mar 21
Through January 31, 2021, we have repurchased an aggregate of 260 million shares under our share repurchase program for a total cost of $7.08 billion. All shares delivered from these repurchases have been placed into treasury stock. As of January 31, 2021, we are authorized, subject to certain specifications, to repurchase shares of our common stock up to $7.24 billion through December 2022.
Share repurchase program
10-K
2021 FY
21 Mar 21
Domestic$1,437 $620 $1,843
Domestic income tax increased in 2021 but decreased from 2019
10-K
2021 FY
21 Mar 21
As of January 31, 2021, the total carrying amount of goodwill was $4.19 billion and the amount of goodwill allocated to our Graphics and Compute & Networking reporting units was $347 million and $3.85 billion, respectively. As of January 26, 2020, the total carrying amount of goodwill was $618 million and the amount of goodwill allocated to our Graphics and Compute & Networking reporting units was $347 million and $271 million, respectively. Goodwill increased by $3.57 billion in fiscal year 2021 due to goodwill of $3.43 billion arising from the Mellanox acquisition, and goodwill of $143 million from other acquisition activities, all of which were allocated to the Compute & Networking reporting unit.
Goodwill significantly increased. It was mostly due to Mellanox acquisition
10-K
2021 FY
20 Mar 21
Purchase PriceCash paid for outstanding Mellanox ordinary shares (1)$7,033 Cash for Mellanox equity awards (2)16 Total cash consideration7,049 Fair value of Mellanox equity awards assumed by NVIDIA (3)85 Total purchase consideration$7,134 AllocationCash and cash equivalents$115 Marketable securities699 Accounts receivable, net216 Inventories320 Prepaid expenses and other assets179 Property and equipment, net144 Goodwill3,431 Intangible assets2,970 Accounts payable(136)Accrued and other current liabilities(236)Income tax liability(191)Deferred income tax liability(258)Other long-term liabilities(119)$7,134
Mellanox Acquisition Allocation details
10-K
2021 FY
19 Mar 21
We currently classify our investments as current based on the nature of the investments and their availability for use in current operations.
investments are categorized as current assets
10-K
2021 FY
19 Mar 21
Total liabilities11,898 5,111
Debt doubled, mostly coming from long term debt
10-K
2021 FY
17 Mar 21
Goodwill4,193 618
lot of goodwill added to balance sheet,possibly relating to mellanox aquistion
10-K
2021 FY
17 Mar 21
On September 13, 2020, we entered into a Purchase Agreement with Arm and SoftBank for us to acquire, from SoftBank, all allotted and issued ordinary shares of Arm in a transaction valued at $40 billion. We paid $2 billion in cash at signing, or the Signing Consideration, and will pay upon closing of the acquisition $10 billion in cash and issue to SoftBank 44.3 million shares of our common stock with an aggregate value of $21.5 billion. The transaction includes a potential earn out, which is contingent on the achievement of certain financial performance targets by Arm during the fiscal year ending March 31, 2022. If the financial performance targets are achieved, Softbank can elect to receive either up to an additional $5 billion in cash or up to an additional 10.3 million shares of our common stock. We will issue up to $1.5 billion in restricted stock units to Arm employees after closing. The $2 billion paid upon signing was allocated between advanced consideration for the acquisition of $1.36 billion and the prepayment of intellectual property licenses from Arm of $0.17 billion and royalties of $0.47 billion, both with a 20-year term. The closing of the acquisition is subject to customary closing conditions, including receipt of specified governmental and regulatory consents and approvals and expiration of any related mandatory waiting period, and Arm's implementation of the reorganization and distribution of Arm’s IoT Services Group and certain other assets and liabilities. We are engaged with regulators in the United States, the United Kingdom, the European Union, China and other jurisdictions. If the Purchase Agreement is terminated under certain circumstances, we will be refunded $1.25 billion of the Signing Consideration. The $2 billion payment upon signing was allocated on a fair value basis and any refund of the Signing Consideration will use stated values in the Purchase Agreement. We believe the closing of the acquisition will likely occur in the first quarter of calendar year 2022.
ARM Acquisition details
10-K
2021 FY
16 Mar 21
For example, we are currently defending ourselves in a shareholder lawsuit claiming that we and certain of our officers made false and/or misleading statements related to channel inventory and the impact of cryptocurrency mining on GPU demand in 2017 and 2018.
current litigation against NVDA reg inventory
10-K
2021 FY
15 Mar 21
Revenue from sales outside of the United States accounted for 81% of total revenue for fiscal year 2021, 92% for fiscal year 2020 and 87% for fiscal year 2019. Revenue from billings to China, including Hong Kong, was 23% of our revenue for fiscal year 2021
Revenues from outside of US
10-K
2021 FY
15 Mar 21
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