NVIDIA 2004 Annual Report Download - page 4

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PART I
Item 1. Business 1
Item 2. Properties 8
Item 3. Legal Proceedings 9
Item 4. Submission of Matters to a Vote of Security Holders 9
PART II
Item 5. Market for Registrant’s Common Equity and Related Stockholder Matters 10
Item 6. Selected Financial Data 10
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of
Operations 12
Item 7a. Quantitative and Qualitative Disclosures about Market Risk 23
Item 8. Consolidated Financial Statements and Supplementary Data 35
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial
Disclosure 35
Item 9a. Controls and Procedures 35
PART III
Item 10. Directors and Executive Officers of the Registrant 36
Item 11. Executive Compensation 36
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related
Stockholder Matters 36
Item 13. Certain Relationships and Related Transactions 36
Item 14. Principal Accountant Fees and Services 36
PART IV
Item 15. Exhibits, Financial Statement Schedules and Reports on Form 8−K 37
Signatures 69
FORWARD−LOOKING STATEMENTS
This report on Form 10−K contains forward−looking statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, which are subject to the "safe harbor" created by those sections. These
forward−looking statements include but are not limited to: statements related to industry trends and future growth in the markets for
digital media processors; our product development efforts; the timing of our introduction of new products; industry and consumer
acceptance of our products; and future profitability. Discussions containing these forward−looking statements may be found in
"Business" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations." These forward−looking
statements involve risks and uncertainties that could cause our actual results to differ materially from those in the forward−looking
statements. We undertake no obligation to publicly release any revisions to the forward−looking statements or reflect events or
circumstances after the date of this document. The "Business Risks" section, among other things, should be considered in evaluating
our prospects and future financial performance.
PART I
ITEM 1. BUSINESS
Overview
NVIDIA Corporation is a market leader in digital media processor technology, dedicated to creating products that enhance the
interactive experience on consumer and professional computing platforms. 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 were
incorporated in California in April 1993 and reincorporated in Delaware in April 1998. Our mission is to be the most important visual
computing company in the world.