Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

NVIDIA Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	Apr 27, 2025	Jan 26, 2025	Oct 27, 2024	Jul 28, 2024	Apr 28, 2024	Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Oct 25, 2020	Jul 26, 2020	Apr 26, 2020	Jan 26, 2020	Oct 27, 2019	Jul 28, 2019	Apr 28, 2019
Accounts payable	7,331)	6,310)	5,353)	3,680)	2,715)	2,699)	2,380)	1,929)	1,141)	1,193)	1,491)	2,421)	1,999)	1,783)	1,664)	1,474)	1,218)	1,201)	1,097)	893)	761)	687)	591)	437)	368)
Accrued and other current liabilities	19,211)	11,737)	11,126)	10,289)	11,258)	6,682)	5,472)	7,156)	4,869)	4,120)	4,115)	3,903)	3,563)	2,552)	1,948)	1,974)	1,787)	1,725)	1,574)	1,517)	1,142)	1,097)	884)	880)	815)
Short-term debt	—)	—)	—)	—)	1,250)	1,250)	1,249)	1,249)	1,250)	1,250)	1,249)	1,249)	—)	—)	—)	1,000)	999)	999)	998)	—)	—)	—)	—)	—)	—)
Current liabilities	26,542)	18,047)	16,479)	13,969)	15,223)	10,631)	9,101)	10,334)	7,260)	6,563)	6,855)	7,573)	5,562)	4,335)	3,612)	4,448)	4,004)	3,925)	3,669)	2,410)	1,903)	1,784)	1,475)	1,317)	1,183)
Long-term debt	8,464)	8,463)	8,462)	8,461)	8,460)	8,459)	8,457)	8,456)	9,704)	9,703)	9,701)	9,700)	10,947)	10,946)	10,944)	10,943)	5,964)	5,964)	5,963)	6,960)	6,959)	1,991)	1,990)	1,989)	1,988)
Long-term operating lease liabilities	1,521)	1,519)	1,490)	1,304)	1,281)	1,119)	1,091)	1,041)	939)	902)	798)	743)	752)	741)	743)	716)	640)	634)	604)	611)	519)	561)	469)	483)	486)
Other long-term liabilities	4,884)	4,245)	3,683)	3,336)	2,966)	2,541)	2,234)	2,223)	2,037)	1,913)	1,785)	1,609)	1,631)	1,553)	1,535)	1,396)	1,414)	1,375)	1,311)	1,285)	774)	775)	662)	650)	660)
Long-term liabilities	14,869)	14,227)	13,635)	13,101)	12,707)	12,119)	11,782)	11,720)	12,680)	12,518)	12,284)	12,052)	13,330)	13,240)	13,222)	13,055)	8,018)	7,973)	7,878)	8,856)	8,252)	3,327)	3,121)	3,122)	3,134)
Total liabilities	41,411)	32,274)	30,114)	27,070)	27,930)	22,750)	20,883)	22,054)	19,940)	19,081)	19,139)	19,625)	18,892)	17,575)	16,834)	17,503)	12,022)	11,898)	11,547)	11,266)	10,155)	5,111)	4,596)	4,439)	4,317)
Preferred stock	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock	24)	24)	25)	25)	2)	2)	2)	2)	2)	2)	2)	2)	3)	3)	3)	3)	1)	1)	1)	1)	1)	1)	1)	1)	1)
Additional paid-in capital	11,475)	11,237)	11,821)	12,115)	12,651)	13,132)	12,991)	12,629)	12,453)	11,971)	11,565)	10,968)	10,623)	10,385)	10,465)	9,745)	9,280)	8,721)	8,301)	7,828)	7,354)	7,045)	6,824)	6,543)	6,317)
Treasury stock, at cost	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(12,038)	(11,604)	(11,242)	(10,756)	(10,530)	(10,232)	(10,036)	(9,814)	(9,726)	(9,524)	(9,474)
Accumulated other comprehensive income (loss)	186)	28)	103)	56)	(109)	27)	(88)	(51)	(50)	(43)	(123)	(90)	(64)	(11)	9)	8)	14)	19)	12)	4)	(10)	1)	(3)	(1)	(2)
Retained earnings	72,158)	68,038)	53,950)	45,961)	36,598)	29,817)	20,360)	14,921)	12,115)	10,171)	9,905)	12,971)	15,758)	16,235)	25,359)	22,995)	20,721)	18,908)	17,550)	16,313)	15,790)	14,971)	14,118)	13,317)	12,862)
Shareholders’ equity	83,843)	79,327)	65,899)	58,157)	49,142)	42,978)	33,265)	27,501)	24,520)	22,101)	21,349)	23,851)	26,320)	26,612)	23,798)	21,147)	18,774)	16,893)	15,334)	13,914)	13,099)	12,204)	11,214)	10,336)	9,704)
Total liabilities and shareholders’ equity	125,254)	111,601)	96,013)	85,227)	77,072)	65,728)	54,148)	49,555)	44,460)	41,182)	40,488)	43,476)	45,212)	44,187)	40,632)	38,650)	30,796)	28,791)	26,881)	25,180)	23,254)	17,315)	15,810)	14,775)	14,021)

Liabilities Analysis

Accounts payable showed a generally increasing trend over the periods, rising from 368 million USD in April 2019 to a peak of 7,331 million USD by April 2025. There were fluctuations, notably a decline around early 2023 before resuming an upward trajectory towards the end of the dataset.

Accrued and other current liabilities also increased significantly, growing from 815 million USD to 19,211 million USD in the same timeframe, with a few dips in mid-2023 and early 2024. This reflects growing obligations not yet settled in cash.

Short-term debt data was sparsely reported but indicated values near 1,250 million USD during mid-periods with no substantial changes reported towards later dates.

Current liabilities rose sharply overall, from 1,183 million USD to 26,542 million USD by April 2025, though some volatility was observed in late 2022 and early 2023, corresponding with fluctuations in accounts payable and accrued liabilities.

Long-term debt experienced a significant jump between early 2020 and early 2021, increasing from approximately 2,000 million USD to around 10,943 million USD, then gradually decreased toward 8,464 million USD by April 2025. This indicates periods of increased borrowing followed by repayments or refinancing.

Long-term operating lease liabilities exhibited a gradual increase across the years, from 486 million USD to over 1,521 million USD, indicating expanding commitments related to leased assets.

Other long-term liabilities steadily increased from 660 million USD to nearly 4,884 million USD, suggesting growing obligations outside traditional debt items.

Total long-term liabilities rose sharply between early 2020 and early 2021 linked primarily with increases in long-term debt and other liabilities, stabilizing and moderately increasing afterwards toward nearly 14,869 million USD by April 2025.

Total liabilities effectively doubled from 4,317 million USD to above 41,411 million USD over the period, evidencing substantial growth in obligations and financing activities of the entity.

Equity Components

Common stock values remained mostly consistent in the early periods, with a notable increase to 25 million USD reported from late 2023 onwards, possibly reflecting a share issuance or accounting adjustment.

Additional paid-in capital generally increased over time, peaking near mid-2022 before slightly decreasing toward early 2025. This may indicate some share repurchases or reclassifications during the later periods.

Treasury stock data is incomplete after 2021 but showed a rising negative balance initially, suggesting increasing treasury stock acquisitions (share buybacks) until data became unavailable.

Accumulated other comprehensive income/loss showed fluctuations with a mild negative trend, indicating periods of unrealized losses or gains impacting equity beyond net income, but with some recovery or positive reversal toward the latest period (notably positive at 186 million USD by April 2025).

Retained earnings experienced consistent and substantial growth through the periods, nearly quintupling from approximately 12,862 million USD to 72,158 million USD. This suggests strong profitability and earnings retention over time.

Overall shareholders’ equity increased robustly from 9,704 million USD to 83,843 million USD, reflecting considerable accumulated profitability, equity financing, and possibly asset value growth.

Overall Financial Position

The total liabilities and shareholders' equity increased from around 14,021 million USD in early 2019 to 125,254 million USD by April 2025, indicating significant expansion in company size and financial scale.

This growth was funded by a combination of increased liabilities (primarily long-term debt and current liabilities) and marked growth in shareholders' equity, especially through retained earnings.

The company appears to have pursued increased leverage alongside equity growth, with liabilities roughly tripling and equity growing over eightfold, pointing towards aggressive expansion or investment strategies.

The variations in accrued liabilities, operating lease liabilities, and other long-term liabilities suggest broadening operational commitments and complex financing arrangements.

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NVIDIA Corp. (NASDAQ:NVDA)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data