NVIDIA 2004 Annual Report Download - page 38

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Customer advance / deferred revenue (46,866) (11,797) (129,807)
Net cash provided by operating activities 49,678 265,032 160,806
Cash flows from investing activities:
Purchases of marketable securities (734,642) (639,500) (472,917)
Sales and maturities of marketable securities 1,021,590 422,200 15,320
Purchase of certain assets from various businesses −− −− (64,109)
Acquisition of businesses (71,303) (3,901) −−
Purchases of property and equipment and intangible assets (127,604) (63,123) (96,966)
Release of restricted cash −− 7,000 17,500
Net cash provided by (used in) investing activities 88,041 (277,324) (601,172)
Cash flows from financing activities:
Redemption of convertible debenture (300,000) −− −−
Common stock issued under employee stock plans 37,757 25,487 90,476
Sale lease back financing −− 5,734 11,246
Principal payments on capital leases (8,048) (4,935) (2,455)
Issuance costs −− −− (176)
Net cash provided by (used in) financing activities (270,291) 26,286 99,091
Change in cash and cash equivalents (132,572) 13,994 (341,275)
Cash and cash equivalents at beginning of period 346,994 333,000 674,275
Cash and cash equivalents at end of period $ 214,422 $ 346,994 $ 333,000
Supplemental disclosures of cash flow information:
Cash paid for interest $ 15,167 $ 15,100 $ 14,830
Cash paid (refund) for income taxes, net $ (211) $ (35,101) $ 26,429
Non−cash financing and investing activities:
Assets recorded under capital lease arrangements $ 2,528 $ −− $ −−
Unrealized gains/(losses) from marketable securities $ (4,850) $ 5,742 $ 528
Deferred stock−based compensation $ 6,140 $ −− $ −−
See accompanying notes to consolidated financial statements.
42
NVIDIA CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 1 − Organization and Summary of Significant Accounting Policies
Organization
We design, develop and market graphics processing units, or GPUs, media and communications processors, or MCPs, ultra−low
power media processors, or UMPs, and related software that are integral to a wide variety of visual computing platforms, including
enterprise personal computers, or PCs, consumer PCs, professional workstations, notebook PCs, personal digital assistants, cellular
phones, game consoles and digital media centers. We operate in one industry segment in the United States and other Americas, Asia
and Europe. We were incorporated in California in April 1993 and reincorporated in Delaware in April 1998.
Reclassifications
Certain prior year balance sheet and income statement balances were reclassified to conform to the current period presentation.