NVIDIA 2010 Annual Report Download - page 85

NVIDIA CORPORATION AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note 1 - Organization and Summary of Significant Accounting Policies
Our Company
NVIDIA Corporation is the worldwide leader in visual computing technologies and the inventor of the graphics processing unit, or
the GPU. Our products are designed to generate realistic, interactive graphics on workstations, personal computers, game consoles
and mobile devices. Expertise in programmable GPUs has led to breakthroughs in parallel processing which make supercomputing
inexpensive and widely accessible. We serve the entertainment and consumer market with our GeForce graphics products, the
professional design and visualization market with our Quadro graphics products, the high-performance computing market with our
Tesla computing solutions products, and the mobile computing market with our Tegra system-on-a-chip products. During the last
several fiscal years, we have operated and reported four major product-line operating segments: the GPU business, the professional
solutions business, or PSB, the media and communications processor, or MCP, business, and the consumer products business, or CPB.
However, effective with the first quarter of fiscal year 2011, we will no longer separate our MCP and GPU operating segments as such
segmentation will no longer be reflective of the way we manage those businesses.
Our GPU business is comprised primarily of our GeForce products that support desktop and notebook personal computers, or PCs,
plus memory products. Our PSB is comprised of our NVIDIA Quadro professional workstation products and other professional
graphics products, including our NVIDIA Tesla high-performance computing products. Our MCP business, as we have reported it
through fiscal year 2010, has been comprised primarily of our ION NVIDIA motherboard GPU, or mGPU products. Our CPB is
comprised of our Tegra mobile brand and products that support tablets and smartbooks, smartphones, personal media players, or
PMPs, internet television, automotive navigation, and other similar devices. CPB also includes license, royalty, other revenue and
associated costs related to video game consoles and other digital consumer electronics devices. Original equipment manufacturers,
original design manufacturers, add-in-card manufacturers, system builders and consumer electronics companies worldwide utilize our
processors as a core component of their entertainment, business and professional solutions.
We were incorporated in California in April 1993 and reincorporated in Delaware in April 1998. Our headquarter facilities are
in Santa Clara, California. Our Internet address is www.nvidia.com. The contents of our website are not a part of these Notes to the
consolidated financial statements.
All references to “NVIDIA,” “we,” “us,” “our” or the “Company” mean NVIDIA Corporation and its subsidiaries, except where it is
made clear that the term means only the parent company.
Fiscal Year
We operate on a 52 or 53-week year, ending on the last Sunday in January. Fiscal year 2010 was a 53-week year while fiscal
years 2009 and 2008 were 52-week years.
Stock Splits
In August 2007, our Board of Directors, or the Board, approved a three-for-two stock split of our outstanding shares of
common stock on Monday, August 20, 2007 to be effected in the form of a stock dividend. The stock split was effective on
Monday, September 10, 2007 and entitled each stockholder of record on August 20, 2007 to receive one additional share for every two
outstanding shares of common stock held and cash in lieu of fractional shares. All share and per-share numbers contained herein have
been retroactively adjusted to reflect this stock split.
Reclassifications
Certain prior fiscal year balances have been reclassified to conform to the current fiscal year presentation.
Principles of Consolidation
Our consolidated financial statements include the accounts of NVIDIA Corporation and its wholly-owned subsidiaries. All
material intercompany balances and transactions have been eliminated in consolidation.
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Source: NVIDIA CORP, 10-K, March 18, 2010 Powered by Morningstar® Document Research℠