NVIDIA 2015 Annual Report Download - page 123
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43
Contractual Obligations
The following table summarizes our contractual obligations as of January 25, 2015:
Payment Due By Period
Contractual Obligations Total Less than
1 Year 1-3 Years 4-5 Years More than
5 Years All Other
(In thousands)
1.00% Convertible Senior Notes
due 2018 (1).................................. $ 1,560,000 $ 15,000 $ 30,000 $ 1,515,000 $ — $ —
Inventory purchase obligations..... 456,000 456,000 — — — —
Operating leases (2)...................... 241,311 76,741 100,312 36,781 27,477 —
Uncertain tax positions, interest
and penalties (3)............................ 120,961 — — — — 120,961
Capital purchase obligations......... 51,000 51,000 — — — —
Capital lease.................................. 22,156 5,303 11,060 5,793 ——
Retention program (4)................... 3,521 3,521 — — — —
Total contractual obligations
......... $ 2,454,949 $ 607,565 $ 141,372 $ 1,557,574 $ 27,477 $ 120,961
(1) Represents the aggregate principal amount of $1.50 billion and anticipated interest payments of $60.0 million of
the Notes. See Note 11 of the Notes to the Consolidated Financial Statements in Part IV, Item 15 of this Annual
Report on Form 10-K.
(2) Includes facilities leases as well as non-cancelable obligations under certain software licensing arrangements in
the operating lease category.
(3) Represents unrecognized tax benefits of $121.0 million which consists of $106.6 million plus the related interest
and penalties of $14.4 million recorded in non-current income tax payable as of January 25, 2015. We are unable
to reasonably estimate the timing of any potential tax liability or interest/penalty payments in individual years due
to uncertainties in the underlying income tax positions and the timing of the effective settlement of such tax
positions.
(4) Represents the remaining portion of a retention program totaling approximately $61.5 million that we initiated in
fiscal year 2012 in connection with our acquisition of Icera. As of January 25, 2015, we have made payments of
$58.0 million in connection with this program. The remaining payments will be paid out within the next year.
Off-Balance Sheet Arrangements
During fiscal years 2015, 2014 and 2013, we had no material off-balance sheet arrangements as defined in Regulation
S-K 303(a)(4)(ii).
Adoption of New and Recently Issued Accounting Pronouncements
Please see Note 1 of the Notes to the Consolidated Financial Statements in Part IV, Item 15 of this Annual Report on
Form 10-K for a discussion of adoption of new and recently issued accounting pronouncements.