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NVIDIA CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
Note 8 − Balance Sheet Components
Certain balance sheet components are as follows: January 28,
2007 January 29,
2006
(In thousands)
Inventories:
Raw materials $ 56,261 $ 25,743
Work in−process 111,058 107,847
Finished goods 187,361 121,280
Total inventories $ 354,680 $ 254,870
The significant increase in finished goods inventories primarily relates to our build−up of inventory levels of several of our MCP
and memory products to meet forecasted sales demand.
January 28,
2007 January 29,
2006
(In thousands)
Deposits and other assets:
Investments in non−affiliates $ 11,684 $ 11,684
Long−term prepayments 8,245 7,504
Other 8,420 8,289
Total deposits and other assets $ 28,349 $ 27,477
January 28,
2007 January 29,
2006 Estimated
Useful Life
(In thousands) (Years)
Property and Equipment:
Land $ 1,230 $ − (A)
Software and licenses 195,556 153,618 3 − 5
Test equipment 135,607 88,468 3
Computer equipment 113,538 106,061 3
Office furniture and equipment 24,203 21,618 5
Leasehold improvements 92,784 88,376 (B)
Construction in process 6,580 2,260 (C)
569,498 460,401
Accumulated depreciation and amortization (308,670) (282,249)
Total property and equipment, net $ 260,828 $ 178,152
(A) Land is a non−depreciable asset.
(B) Leasehold improvements are amortized based on the lesser of either the asset's estimated useful life or the remaining lease
term.
(C) Construction in process represents assets that are not in service as of the balance sheet date.
81
Source: NVIDIA CORP, 10−K, March 16, 2007