Income Statement use the income statement from the SEC Form 10 K for the most recent fiscal year State your companys fiscal year end date If it is not December 31 st , why do you believe they chose to use the date they did State the method, single step or multiple step, used in the statement If it is a hybrid, explain Calculate the gross profit ratio for each of the years reported Briefly evaluate the trend of these results Explain whether operating income is increasing or decreasing for the years reporte Explain the difference between operating income and net income (not in terms of dollars but in terms of meaning) Describe the primary source of revenue for this company What might that say about the ability of this company to do well in the future Explain what basic earnings per share is Show the approximate computations that the company used to compute this amount In the footnotes, what does the company say about its policy for revenue recognition Use your words Dont cut and paste In the footnotes, what does the company say about depreciation expense What method(s) of depreciation does the company use What estimates does the company make to compute this expense Convert the income statement to a common sized income statement (in other words, restate everything as a percentage of total revenues You will need to export the income statement to Excel for this) Based upon the common size income statement, is there anything surprising to you Statement of stockholders equity Describe the primary sections of stockholders equity Identify what caused your companys retained earnings to change during the years of the statement Discuss the pattern over the period of time Describe any stock issuances this year Provide what you think the journal entry was Does your company use par value How do you know Does your company have more than one class of stock Explain Has the company repurchased any stock This year In past years How do you know Balance Sheet Describe a cash equivalent What is your companys cash equivalent and how much is it Compute the current ratio What does this say about your company How does your company measure accounts receivable How do they account for Bad Debt Read the footnotes related to inventories What method does your company use to report inventories If they were to use a different method, what impact do you think it would have on the balance sheet and income statement Explain What types of investments does your company own What types of capital assets (PPE) does your company recognize on the balance sheet Does your company have any intangible assets What are they How are they valued on the balance sheet Are they amortized and if so over what period of time If not, why not How many shares of common stock are authorized, issued Outstanding What is the percentage of current assets to total assets for the most recent year What is the percentage of current liabilities to total assets for the current year What is the percentage of total liabilities to total assets for the most recent year What is the percentage of stockholders equity to total assets In your opinion, does the company have too much debt Cash flow statement Does your company prepare a direct or indirect cash flow statement for operating activities In your opinion, which is more important income statement or cash flow statement Describe the three primary sections of this statement Where is the source of most of your companys cash What does this say about the companys financial health What is the primary use of your companys cash What does this say about the companys priorities NVIDIA CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In millions, except per share data) Year Ended January 26, January 27, January 28, 2020 2019 2018 Revenue $ 10,918 $ 11,716 $ 9,714 Cost of revenue 4,150 4,545 3,892 Gross profit 6,768 7,171 5,822 Operating expenses Research and development 2,829 2,376 1,797 Sales, general and administrative 1,093 991 815 Total operating expenses 3,922 3,367 2,612 Income from operations 2,846 3,804 3,210 Interest income 178 136 Interest expense (52) (58) (61) Other, net (2) 14 (22) Total other income (expense) 124 92 (14) Income before income tax 2,970 3,896 3,196 Income tax expense (benefit) 174 (245) 149 Net income $ 2,796 $ 4,141 $ 3,047 69 Net income per share Basic Diluted $ $ 4 59 $ 6 81 $ 5 09 4 52 $ 6 63 $ 4 82 599 Weighted average shares used in per share computation Basic 609 608 Diluted 618 625 See accompanying notes to the consolidated financial statements 632 39 NVIDIA CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In millions, except per share data) Year Ended January 26, January 27, January 28, 2020 2019 2018 Revenue $ 10,918 $ 11,716 $ 9,714 Cost of revenue 4,150 4,545 3,892 Gross profit 6,768 7,171 5,822 Operating expenses Research and development 2,829 2,376 1,797 Sales, general and administrative 1,093 991 815 Total operating expenses 3,922 3,367 2,612 Income from operations 2,846 3,804 3,210 Interest income 178 136 Interest expense (52) (58) (61) Other, net (2) 14 (22) Total other income (expense) 124 92 (14) Income before income tax 2,970 3,896 3,196 Income tax expense (benefit) 174 (245) 149 Net income $ 2,796 $ 4,141 $ 3,047 69 Net income per share Basic Diluted $ $ 4 59 $ 6 81 $ 5 09 4 52 $ 6 63 $ 4 82 599 Weighted average shares used in per share computation Basic 609 608 Diluted 618 625 See accompanying notes to the consolidated financial statements 632 39

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Income Statement use the income statement from the SEC Form 10-K for the most recent fiscal year. State your companys fiscal year end date. If

Income Statement use the income statement from the SEC Form 10-K for the most recent fiscal year.
1. State your companys fiscal year end date. If it is not December 31^st, why do you believe they chose to use the date they did?
2. State the method, single-step or multiple-step, used in the statement. If it is a hybrid, explain.
3. Calculate the gross profit ratio for each of the years reported. Briefly evaluate the trend of these results.
4. Explain whether operating income is increasing or decreasing for the years reporte Explain the difference between operating income and net income. (not in terms of dollars but in terms of meaning)
5. Describe the primary source of revenue for this company. What might that say about the ability of this company to do well in the future?
6. Explain what basic earnings per share is. Show the approximate computations that the company used to compute this amount.
7. In the footnotes, what does the company say about its policy for revenue recognition? Use your words. Dont cut and paste.
8. In the footnotes, what does the company say about depreciation expense? What method(s) of depreciation does the company use? What estimates does the company make to compute this expense?
9. Convert the income statement to a common sized income statement (in other words, restate everything as a percentage of total revenues. You will need to export the income statement to Excel for this). Based upon the common size income statement, is there anything surprising to you?
Statement of stockholders equity
1. Describe the primary sections of stockholders equity?
2. Identify what caused your companys retained earnings to change during the years of the statement. Discuss the pattern over the period of time.
3. Describe any stock issuances this year. Provide what you think the journal entry was.
4. Does your company use par value? How do you know?
5. Does your company have more than one class of stock? Explain.
6. Has the company repurchased any stock? This year? In past years? How do you know?
Balance Sheet
1. Describe a cash equivalent. What is your companys cash equivalent and how much is it?
2. Compute the current ratio. What does this say about your company?
3. How does your company measure accounts receivable? How do they account for Bad Debt?
4. Read the footnotes related to inventories. What method does your company use to report inventories? If they were to use a different method, what impact do you think it would have on the balance sheet and income statement. Explain.
5. What types of investments does your company own?
6. What types of capital assets (PPE) does your company recognize on the balance sheet?
7. Does your company have any intangible assets? What are they? How are they valued on the balance sheet? Are they amortized and if so over what period of time? If not, why not?
8. How many shares of common stock are authorized, issued? Outstanding?
9. What is the percentage of current assets to total assets for the most recent year?
10. What is the percentage of current liabilities to total assets for the current year?
11. What is the percentage of total liabilities to total assets for the most recent year?
12. What is the percentage of stockholders equity to total assets?
13. In your opinion, does the company have too much debt?
Cash flow statement
1. Does your company prepare a direct or indirect cash flow statement for operating activities?
2. In your opinion, which is more important income statement or cash flow statement?
3. Describe the three primary sections of this statement.
4. Where is the source of most of your companys cash? What does this say about the companys financial health?
5. What is the primary use of your companys cash? What does this say about the companys priorities?

NVIDIA CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In millions, except per share data) Year Ended January 26, January 27, January 28, 2020 2019 2018 Revenue $ 10,918 $ 11,716 $ 9,714 Cost of revenue 4,150 4,545 3,892 Gross profit 6,768 7,171 5,822 Operating expenses Research and development 2,829 2,376 1,797 Sales, general and administrative 1,093 991 815 Total operating expenses 3,922 3,367 2,612 Income from operations 2,846 3,804 3,210 Interest income 178 136 Interest expense (52) (58) (61) Other, net (2) 14 (22) Total other income (expense) 124 92 (14) Income before income tax 2,970 3,896 3,196 Income tax expense (benefit) 174 (245) 149 Net income $ 2,796 $ 4,141 $ 3,047 69 Net income per share: Basic Diluted $ $ 4.59 $ 6.81 $ 5.09 4.52 $ 6.63 $ 4.82 599 Weighted average shares used in per share computation: Basic 609 608 Diluted 618 625 See accompanying notes to the consolidated financial statements. 632 39 NVIDIA CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In millions, except per share data) Year Ended January 26, January 27, January 28, 2020 2019 2018 Revenue $ 10,918 $ 11,716 $ 9,714 Cost of revenue 4,150 4,545 3,892 Gross profit 6,768 7,171 5,822 Operating expenses Research and development 2,829 2,376 1,797 Sales, general and administrative 1,093 991 815 Total operating expenses 3,922 3,367 2,612 Income from operations 2,846 3,804 3,210 Interest income 178 136 Interest expense (52) (58) (61) Other, net (2) 14 (22) Total other income (expense) 124 92 (14) Income before income tax 2,970 3,896 3,196 Income tax expense (benefit) 174 (245) 149 Net income $ 2,796 $ 4,141 $ 3,047 69 Net income per share: Basic Diluted $ $ 4.59 $ 6.81 $ 5.09 4.52 $ 6.63 $ 4.82 599 Weighted average shares used in per share computation: Basic 609 608 Diluted 618 625 See accompanying notes to the consolidated financial statements. 632 39