NVIDIA 2003 Annual Report Download - page 42

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NVIDIA CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
January 26,
2003
January 27,
2002
ASSETS
Current assets:
Cash and cash equivalents ............................................ $ 346,994 $ 333,000
Restricted cash ..................................................... — 7,000
Marketable securities ............................................... 681,419 458,377
Accounts receivable, less allowances of $17,468 and $18,079 in 2003 and
2002, respectively ................................................ 154,501 147,348
Inventories ........................................................ 145,046 213,877
Prepaid expenses and other current assets ............................... 12,393 8,078
Prepaid and deferred taxes ........................................... 11,249 66,429
Total current assets ............................................. 1,351,602 1,234,109
Property and equipment, net .............................................. 135,152 120,128
Deposits and other assets ................................................. 10,473 11,897
Prepaid and deferred taxes ............................................... 43,317 55,921
Goodwill ............................................................. 54,227 50,326
Intangible assets, net .................................................... 22,244 30,793
$1,617,015 $1,503,174
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable .................................................. $ 141,129 $ 214,019
Accrued liabilities .................................................. 228,467 141,210
Current portion of note and capital lease obligations ....................... 5,676 3,896
Interest payable on convertible debenture ................................ 4,176 4,176
Deferred revenue ................................................... — 70,193
Total current liabilities .......................................... 379,448 433,494
Capital lease obligations, less current portion ................................. 4,880 5,861
Long-term convertible debenture .......................................... 300,000 300,000
Stockholders’ equity:
Common stock, $.001 par value; 1,000,000,000 shares authorized; 157,790,022
and 149,553,130 shares issued and outstanding in 2003 and 2002, respectively 158 150
Additional paid-in capital ............................................ 531,030 456,621
Accumulated other comprehensive income, net ........................... 3,760 108
Retained earnings .................................................. 397,739 306,940
Total stockholders’ equity ........................................ 932,687 763,819
$1,617,015 $1,503,174
See accompanying notes to consolidated financial statements.
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