Nvidia Corp 10-Q for FY2022 Q1

Nvidia Corp (NVDA)

10-Q 2021-05-26 For: 2021-05-02

Added on April 01, 2026

About this 10-Q

Nvidia Corp filed this 10-Q on May 26, 2021, covering the quarter ended May 2, 2021 (FY2022 Q1).

Headline figures

Quarter ended May 2, 2021, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $5.66B; up 83.8% from $3.08B a year earlier
Net income: $1.91B; up 108.5% from net income of $917M a year earlier
Diluted EPS: $3.03; up 106.1% from $1.47 a year earlier

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Delaware			94-3177549
(State or Other Jurisdiction of			(I.R.S. Employer
Incorporation or Organization)			Identification No.)


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.001 par value per share	NVDA	The Nasdaq Global Select Market


		Page
	PART I : FINANCIAL INFORMATION

Item 1.	Financial Statements (Unaudited)

	a) Condensed Consolidated Statements of Income for the three months ended May 2, 2021 and April 26, 2020	3

	b) Condensed Consolidated Statements of Comprehensive Income for the three months ended May 2, 2021 and April 26, 2020	4

	c) Condensed Consolidated Balance Sheets as of May 2, 2021 and January 31, 2021	5

	d) Condensed Consolidated Statements of Shareholders' Equity for the three months ended May 2, 2021 and April 26, 2020	6

	e) Condensed Consolidated Statements of Cash Flows for the three months ended May 2, 2021 and April 26, 2020	7

	f) Notes to Condensed Consolidated Financial Statements	8

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	23

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	30

Item 4.	Controls and Procedures	31

	PART II : OTHER INFORMATION

Item 1.	Legal Proceedings	31

Item 1A.	Risk Factors	31

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	33

Item 6.	Exhibits	35

Signature		36


	Three Months Ended
	May 2,		April 26,
	2021		2020

Revenue	$	5,661	$	3,080
Cost of revenue	2,032		1,076
Gross profit	3,629		2,004
Operating expenses
Research and development	1,153		735
Sales, general and administrative	520		293

Total operating expenses	1,673		1,028
Income from operations	1,956		976
Interest income	6		31
Interest expense	(53)		(25)
Other, net	135		(1)
Other income (expense), net	88		5
Income before income tax	2,044		981
Income tax expense	132		64
Net income	$	1,912	$	917

Net income per share:
Basic	$	3.08	$	1.49
Diluted	$	3.03	$	1.47

Weighted average shares used in per share computation:
Basic	621		614
Diluted	632		622


	Three Months Ended
	May 2,		April 26,
	2021		2020

Net income	$	1,912	$	917
Other comprehensive loss, net of tax




Cash flow hedges:
Net unrealized loss	(14)		(10)
Reclassification adjustments for net realized gain (loss) included in net income	9		(1)
Net change in unrealized loss	(5)		(11)

Total comprehensive income	$	1,907	$	906


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


	May 2,		January 31,
	2021		2021
ASSETS
Current assets:
Cash and cash equivalents	$	978	$	847
Marketable securities	11,689		10,714
Accounts receivable, net	3,024		2,429
Inventories	1,992		1,826
Prepaid expenses and other current assets	444		239
Total current assets	18,127		16,055
Property and equipment, net	2,268		2,149
Operating lease assets	727		707
Goodwill	4,193		4,193
Intangible assets, net	2,613		2,737
Deferred income tax assets	778		806
Other assets	2,090		2,144
Total assets	$	30,796	$	28,791

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	1,218	$	1,201
Accrued and other current liabilities	1,787		1,725
Short-term debt	999		999
Total current liabilities	4,004		3,925
Long-term debt	5,964		5,964
Long-term operating lease liabilities	640		634
Other long-term liabilities	1,414		1,375
Total liabilities	12,022		11,898
Commitments and contingencies - see Note 13

Shareholders’ equity:
Preferred stock	—		—
Common stock	1		1
Additional paid-in capital	9,280		8,721
Treasury stock, at cost	(11,242)		(10,756)
Accumulated other comprehensive income	14		19
Retained earnings	20,721		18,908
Total shareholders' equity	18,774		16,893
Total liabilities and shareholders' equity	$	30,796	$	28,791


	Common Stock Outstanding			Additional Paid-in Capital		Treasury Stock		Accumulated Other Comprehensive Income (Loss)		Retained Earnings		Total Shareholders' Equity
(In millions, except per share data)	Shares	Amount
Balances, January 31, 2021	620	$	1	$	8,721	$	(10,756)	$	19	$	18,908	$	16,893
Net income	—	—		—		—		—		1,912		1,912
Other comprehensive loss	—	—		—		—		(5)		—		(5)
Issuance of common stock from stock plans	4	—		126		—		—		—		126
Tax withholding related to vesting of restricted stock units	(1)	—		—		(486)		—		—		(486)

Cash dividends declared and paid ($0.16 per common share)	—	—		—		—		—		(99)		(99)

Stock-based compensation	—	—		433		—		—		—		433
Balances, May 2, 2021	623	$	1	$	9,280	$	(11,242)	$	14	$	20,721	$	18,774
Balances, January 26, 2020	612	$	1	$	7,045	$	(9,814)	$	1	$	14,971	$	12,204
Net income	—	—		—		—		—		917		917
Other comprehensive loss	—	—		—		—		(11)		—		(11)
Issuance of common stock from stock plans	4	—		88		—		—		—		88
Tax withholding related to vesting of restricted stock units	(1)	—		—		(222)		—		—		(222)

Cash dividends declared and paid ($0.16 per common share)	—	—		—		—		—		(98)		(98)
Stock-based compensation	—	—		221		—		—		—		221
Balances, April 26, 2020	615	$	1	$	7,354	$	(10,036)	$	(10)	$	15,790	$	13,099


	Pro Forma
	Three Months Ended
	April 26, 2020

	(In millions)
Revenue	$	3,509
Net income	$	918


	Operating Lease Obligations
	(In millions)
Fiscal Year:
2022 (excluding first quarter of fiscal year 2022)	$	106
2023	144
2024	123
2025	102
2026	94
2027 and thereafter	306
Total	875
Less imputed interest	100
Present value of net future minimum lease payments	775
Less short-term operating lease liabilities	135
Long-term operating lease liabilities	$	640


	Three Months Ended
	May 2, 2021		April 26, 2020

	(In millions)
Supplemental cash flows information
Operating cash flows used for operating leases	$	39	$	31
Operating lease assets obtained in exchange for lease obligations	$	54	$	3


	Three Months Ended
	May 2, 2021		April 26, 2020

	(In millions)
Cost of revenue	$	25	$	21
Research and development	276		134
Sales, general and administrative	128		69
Total	$	429	$	224


	RSUs, PSUs, and Market-based PSUs Outstanding
	Number of Shares	Weighted Average Grant-Date Fair Value Per Share

	(In millions, except per share data)
Balances, January 31, 2021	15	$	264.69
Granted	1	$	535.82

Vested restricted stock	(4)	$	252.22

Balances, May 2, 2021	12	$	279.79


	May 2, 2021
	Amortized Cost		Unrealized Gain		Unrealized Loss		Estimated Fair Value		Reported as
									Cash Equivalents		Marketable Securities

	(In millions)
Corporate debt securities	$	5,240	$	2	$	—	$	5,242	$	323	$	4,919
Debt securities issued by United States government agencies	3,045		1		—		3,046		—		3,046
Debt securities issued by the United States Treasury	2,820		1		—		2,821		—		2,821
Certificates of deposit	884		—		—		884		48		836
Money market funds	319		—		—		319		319		—
Foreign government bonds	67		—		—		67		—		67


Total	$	12,375	$	4	$	—	$	12,379	$	690	$	11,689


		Fair Value at
	Pricing Category	May 2, 2021		January 31, 2021

		(In millions)
Assets
Cash equivalents and marketable securities:
Money market funds	Level 1	$	319	$	313
Corporate debt securities	Level 2	$	5,242	$	4,444
Debt securities issued by United States government agencies	Level 2	$	3,046	$	2,976
Debt securities issued by the United States Treasury	Level 2	$	2,821	$	2,846
Certificates of deposit	Level 2	$	884	$	705
Foreign government bonds	Level 2	$	67	$	67


Prepaid expenses and other current assets:
Publicly-held equity security (1)	Level 1	$	133	$	—
Other assets:
Investment in non-affiliated entities (2)	Level 3	$	146	$	144



Liabilities



2.20% Notes Due 2021 (3)	Level 2	$	1,006	$	1,011
3.20% Notes Due 2026 (3)	Level 2	$	1,101	$	1,124
2.85% Notes Due 2030 (3)	Level 2	$	1,592	$	1,654
3.50% Notes Due 2040 (3)	Level 2	$	1,095	$	1,152
3.50% Notes Due 2050 (3)	Level 2	$	2,158	$	2,308
3.70% Notes Due 2060 (3)	Level 2	$	552	$	602


	May 2, 2021						January 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount

	(In millions)
Acquisition-related intangible assets (1)	$	3,280	$	(904)	$	2,376	$	3,280	$	(774)	$	2,506
Patents and licensed technology	719		(482)		237		706		(475)		231
Total intangible assets	$	3,999	$	(1,386)	$	2,613	$	3,986	$	(1,249)	$	2,737


	May 2,		January 31,
	2021		2021

Inventories:	(In millions)
Raw materials	$	734	$	632
Work in-process	504		457
Finished goods	754		737
Total inventories	$	1,992	$	1,826


	May 2, 2021		January 31, 2021

	(In millions)
Designated as cash flow hedges	$	888	$	840
Not designated for hedge accounting	$	402	$	441


	May 2, 2021				January 31, 2021
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value

	(In millions)
Less than one year	$	11,499	$	11,502	$	10,782	$	10,783
Due in 1 - 5 years	876		877		566		568

Total	$	12,375	$	12,379	$	11,348	$	11,351


	Expected Remaining Term (years)	Effective Interest Rate	May 2, 2021		January 31, 2021

			(In millions)
2.20% Notes Due 2021	0.4	2.38%	$	1,000	$	1,000
3.20% Notes Due 2026	5.4	3.31%	1,000		1,000
2.85% Notes Due 2030	8.9	2.93%	1,500		1,500
3.50% Notes Due 2040	18.9	3.54%	1,000		1,000
3.50% Notes Due 2050	28.9	3.54%	2,000		2,000
3.70% Notes Due 2060	38.9	3.73%	500		500
Unamortized debt discount and issuance costs			(37)		(37)
Net carrying amount			6,963		6,963
Less short-term portion			(999)		(999)
Total long-term portion			$	5,964	$	5,964


	Graphics		Compute & Networking		All Other		Consolidated

	(In millions)
Three Months Ended May 2, 2021
Revenue	$	3,451	$	2,210	$	—	$	5,661

Operating income (loss)	$	1,786	$	861	$	(691)	$	1,956

Three Months Ended April 26, 2020
Revenue	$	1,906	$	1,174	$	—	$	3,080

Operating income (loss)	$	836	$	451	$	(311)	$	976


	Pro Forma (Unaudited)
	Three Months Ended			Twelve Months Ended
		May 2,		April 26,		January 31,		January 26,		January 27,
		2021		2020		2021		2020		2019

		(In millions, except per share data)
Numerator:
Net income		$	1,912	$	917	$	4,332	$	2,796	$	4,141
Denominator:
Basic weighted average shares		2,484		2,456		2,468		2,436		2,432
Dilutive impact of outstanding equity awards		44		32		44		36		68


Diluted weighted average shares		2,528		2,488		2,512		2,472		2,500
Net income per share:
Basic (1)		$	0.77	$	0.37	$	1.76	$	1.15	$	1.70
Diluted (2)		$	0.76	$	0.37	$	1.72	$	1.13	$	1.66


			NVIDIA Corporation
By:			/s/ Colette M. Kress

			Colette M. Kress
			Executive Vice President and Chief Financial Officer (Duly Authorized Officer and Principal Financial Officer)


Participant:
Date of Grant:
Vesting Commencement Date:
Number of Restricted Stock Units/Shares Subject to Award:


NVIDIA CORPORATION						PARTICIPANT
By:_______________________________						By:_______________________________
Signature						Signature
Title:_____________________________						Title:_____________________________
Date:_____________________________						Date:_____________________________


SPECIAL NOTICE FOR EMPLOYEES IN DENMARK EMPLOYER STATEMENT Pursuant to Section 3(1) of the Danish Act on Stock Options in employment relations, as amended effective January 1, 2019 (the “Stock Option Act”), you are entitled to receive the following information regarding the grant of Restricted Stock Units (“RSUs”) pursuant to the NVIDIA Corporation (the “Company”) Amended and Restated 2007 Equity Incentive Plan (the “Plan”) in a separate written statement. This statement contains only the information mentioned in the Stock Option Act. Additional terms and conditions related to the grant of RSUs are described in the Plan and other documents, including the Global Restricted Stock Unit Agreement and any country-specific appendices attached thereto (the “Agreement”), which have been made available to you. Capitalized terms used but not defined herein shall have the same meaning as terms defined in the Plan and/or the Agreement. 1. Date of Grant The Date of Grant of your RSUs is the date that the Board approved a grant for you and determined it would be effective. 2. Rights to future RSU grants under the Plan The grant of RSUs under the Plan is made at the sole discretion of the Board. Subject to any limitations under the Plan, the Plan may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Board. Under the terms of the Plan, you have no entitlement or claim to receive future grants of RSUs. 3. Vesting Date The RSUs will vest over a period of time, provided you remain in Continuous Service. The exact vesting conditions applicable to your grant will be set forth in your Agreement. Your RSUs shall be converted into shares of Common Stock upon vesting. 4. Exercise Price You pay no monetary consideration to receive the RSUs nor do you pay any price to receive the shares of Common Stock issued upon vesting. 5. Your rights upon termination of employment On the termination of your Continuous Service (for any reason other than death), the RSUs credited to the Account that were not vested on the date of such termination will be forfeited and returned to the Company at no cost to the Company and you will have no further right, title or interest in or to such RSUs or the underlying shares of Common Stock. 6. Financial aspects of participating in the Plan The grant of RSUs has no immediate financial consequences for you. The value of the RSUs is not taken into account when calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, holiday allowances, pension or retirement or welfare benefits or similar payments or other statutory consideration calculated on the basis of salary. Shares of Common Stock are financial instruments and investing in shares of Common Stock will always have financial risk. The possibility of profit at the time you sell shares of Common Stock will not only be dependent on the Company’s financial development, but also on the general development of the stock market, among other things. The future value of the shares of Common Stock is unknown, indeterminable and cannot be predicted with certainty. NVIDIA Corporation Santa Clara, California, United States			SÆRLIG MEDDELELSE TIL MEDARBEJDERE I DANMARK ARBEJDSGIVERERKLÆRING I henhold til § 3, stk. 1, i lov om brug af køberet eller tegningsret mv. i ansættelsesforhold som ændret pr. 1. januar 2019 (“Aktieoptionsloven”) er du berettiget til i en særskilt skriftlig erklæring at modtage følgende oplysninger vedrørende tildelingen af Betingede Aktier (“RSU'er”) i henhold til NVIDIA Corporation's (“Selskabets”) "Amended and Restated 2007 Equity Incentive Plan" (“Planen”). Denne erklæring indeholder kun de oplysninger, der er nævnt i Aktieoptionsloven. De nærmere vilkår for tildelingen af RSU'er er beskrevet i Planen samt i øvrige dokumenter, herunder i Global Restricted Stock Unit Agreement om tildeling af betingede aktier og de dertil hørende landetillæg (“Aftalen”), som er udleveret til dig. Begreber, der står med stort begyndelsesbogstav i denne arbejdsgivererklæring, men som ikke er defineret heri, har samme betydning som de begreber, der er defineret i Planen og/eller Aftalen. 1. Tildelingstidspunkt Tidspunktet for tildelingen af RSU'erne er den dag, hvor Bestyrelsen (defineret som Board i Planen og/eller Aftalen) har godkendt tildelingen og fastslået, at den er gyldig. 2. Ret til fremtidige RSU-tildelinger i henhold til Planen Tildelingen af RSU'er i henhold til Planen sker efter Bestyrelsens eget skøn. Bestyrelsen kan til enhver tid ændre, modificere, suspendere eller ophæve Planen helt eller delvist med de begrænsninger, der fremgår af Planen. I henhold til Planens bestemmelser har du ikke nogen ret til eller noget krav på fremover at få tildelt RSU'er. 3. Modningsdato RSU'erne modnes over tid, forudsat, at du fortsat indgår i et Løbende Ansættelsesforhold (defineret som Continuous Service i Planen og/eller Aftalen). De nærmere modningsbetingelser, som gælder for tildelingen, fremgår af Aftalen. RSU'erne konverteres til Ordinære Aktier (defineret som Common Stock i Planen og/eller Aftalen) ved modning. 4. Udnyttelseskurs Du skal ikke betale noget vederlag for RSU'erne, ligesom du ikke skal betale noget for at modtage de Ordinære Aktier ved modning. 5. Din retsstilling i forbindelse med fratræden Ved ophør af dit Løbende Ansættelsesforhold (uanset årsag, medmindre du afgår ved døden) bortfalder eventuelle RSU'er, som er krediteret Kontoen (defineret som Account i Planen og/eller Aftalen), og som ikke er modnet på ophørsdatoen, og føres tilbage til Selskabet uden omkostninger for Selskabet, og du vil ikke længere have nogen ret, adkomst eller interesse i disse RSU'er eller i de bagvedliggende Ordinære Aktier. 6. Økonomiske aspekter ved deltagelse i Planen Tildelingen af RSU'er har ingen umiddelbare økonomiske konsekvenser for dig. Værdien af RSU'erne indgår ikke i beregningen af nogen former for fratrædelsesgodtgørelse, godtgørelse for usaglig afskedigelse eller anden godtgørelse, bonus, belønning for tro tjeneste, feriepenge, pension, sociale ydelser eller lignende betalinger eller andre lovpligtige, vederlagsafhængige ydelser. Ordinære Aktier er finansielle instrumenter, og investering i Ordinære Aktier vil altid være forbundet med en økonomisk risiko. Muligheden for en gevinst på det tidspunkt, hvor du sælger de Ordinære Aktier, afhænger ikke alene af udviklingen i Selskabets aktiekurs, men også af bl.a. den generelle udvikling på aktiemarkedet. Den fremtidige værdi af de Ordinære Aktier kendes ikke og kan ikke forudsiges med sikkerhed. NVIDIA Corporation Santa Clara, California, United States


You hereby explicitly, voluntarily and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in this Agreement and any other award documentation by and among, as applicable, the Company, the Service Recipient and any other Affiliate or any third parties authorized by same in assisting in the implementation, administration and management of your participation in the Plan. You may have previously provided the Company and the Service Recipient with, and the Company and the Service Recipient may hold, certain personal information about you, including, but not limited to, your name, home address, email address and telephone number, date of birth, social insurance number, passport number or other identification number, salary, nationality, job title, any shares of Common Stock or directorships held in the Company, the fact and conditions of your participation in the Plan, details of all Restricted Stock Units or any other entitlement to shares of Common Stock awarded, cancelled, exercised, vested, unvested or outstanding in your favor (“Data”), for the exclusive purpose of implementing, administering and managing the Plan. You also authorize any transfer of Data, as may be required, to Charles Schwab & Co., Inc. and certain of its affiliates ("Schwab"), or such other stock plan service provider as may be selected by the Company in the future, which is assisting the Company with the implementation, administration and management of the Plan and/or with whom any shares acquired upon vesting of the Restricted Stock Units are deposited. You acknowledge that these recipients may be located in your country or elsewhere, and that the recipient’s country (e.g., the United States) may have different data privacy laws and protections to your country, which may not give the same level of protection to Data. You authorize the Company, Schwab and any other possible recipients which may assist the Company (presently or in the future) with implementing, administering and managing your participation in the Plan to receive, possess, use, retain and transfer Data, in electronic or other form, for the sole purpose of implementing, administering and managing your participation in the Plan. You understand that you may request a list with the names and addresses of any potential recipients of Data by contacting your local human resources representative. You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the Plan. You understand that you may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case, without cost, by contacting in writing your local human resources representative. Further, you understand that you are providing the consents herein on a purely voluntary basis. If you do not consent, or if you later seek to revoke the consent, your employment status and career with the Service Recipient will not be affected; the only consequence of refusing or withdrawing the consent is that the Company would not be able to grant future Restricted Stock Units or other equity awards to you or administer or maintain such awards. Therefore, you understand that refusing or withdrawing your consent may affect your ability to participate in the Plan. For more information on the consequences of the refusal to consent or withdrawal of consent, you understand that you may contact NVIDIA-StockAdmin@nvidia.com.			Anda dengan ini secara eksplicit, secara sukarela dan tanpa sebarang keraguan mengizinkan pengumpulan, penggunaan dan pemindahan, dalam bentuk elektronik atau lain-lain, data peribadi anda seperti yang dinyatakan dalam Perjanjian ini dan apa-apa dokumentasi anugerah lain oleh dan di antara, sepertimana yang berkenaan, Syarikat, Penerima Perkhidmatan dan mana-mana Syarikat Sekutu lain atau mana-mana pihak ketiga yang diberi kuasa oleh yang sama untuk membantu dalam pelaksanaan, pentadbiran dan pengurusan penyertaan anda dalam Pelan. Sebelum ini, anda mungkin telah membekalkan Syarikat dan Penerima Perkhidmatan dengan, dan Syarikat dan Penerima Perkhidmatan mungkin memegang, maklumat peribadi tertentu tentang anda, termasuk, tetapi tidak terhad kepada, nama anda, alamat rumah, alamat e-mel dan nombor telefon, tarikh lahir, nombor insurans sosial, nombor pasport atau nombor pengenalan lain, gaji, kewarganegaraan, jawatan, apa-apa syer dalam Saham Biasa atau jawatan pengarah yang dipegang dalam Syarikat, fakta dan syarat-syarat penyertaan anda dalam Pelan, butir-butir semua Unit-unit Saham Terbatas atau apa-apa hak lain untuk syer dalam Saham Biasa yang dianugerahkan, dibatalkan, dilaksanakan, terletak hak, tidak diletak hak ataupun yang belum dijelaskan bagi faedah anda (“Data”), untuk tujuan eksklusif bagi melaksanakan, mentadbir dan menguruskan Pelan. Anda juga memberi kuasa untuk membuat apa-apa pemindahan Data, sebagaimana yang diperlukan, kepada Charles Schwab & Co., Inc. dan sekutu-sekutu tertentunya ("Schwab"), atau pembekal perkhidmatan pelan saham lain sebagaimana yang dipilih oleh Syarikat pada masa depan, yang membantu Syarikat dalam pelaksanaan, pentadbiran dan pengurusan Pelan dan/atau dengan sesiapa mana-mana syer yang diperolehi selepas peletakan hak Unit-unit Saham Terbatas didepositkan. Anda mengakui bahawa penerima-penerima ini mungkin berada di negara anda atau di tempat lain, dan bahawa negara penerima (contohnya, Amerika Syarikat) mungkin mempunyai undang-undang privasi data dan perlindungan yang berbeza daripada negara anda, yang mungkin tidak boleh memberi tahap perlindungan yang sama kepada Data. Anda memberi kuasa kepada Syarikat, Schwab dan mana-mana penerima lain yang mungkin membantu Syarikat (masa sekarang atau pada masa depan) untuk melaksanakan, mentadbir dan menguruskan penyertaan anda dalam Pelan untuk menerima, memiliki, menggunakan, mengekalkan dan memindahkan Data, dalam bentuk elektronik atau lain-lain, semata-mata dengan tujuan untuk melaksanakan, mentadbir dan menguruskan penyertaan anda dalam Pelan. Anda memahami bahawa anda boleh meminta senarai nama dan alamat mana-mana penerima Data yang berpotensi dengan menghubungi wakil sumber manusia tempatan anda. Anda faham bahawa Data akan dipegang hanya untuk tempoh yang diperlukan untuk melaksanakan, mentadbir dan menguruskan penyertaan anda dalam Pelan. Anda memahami bahawa anda boleh, pada bila-bila masa, melihat Data, meminta maklumat tambahan mengenai penyimpanan dan pemprosesan Data, meminta apa-apa pindaan yang perlu dilaksanakan ke atas Data atau menolak atau menarik balik persetujuan dalam ini, dalam mana-mana kes, tanpa kos, dengan menghubungi secara bertulis wakil sumber manusia tempatan anda. Selanjutnya, anda memahami bahawa anda memberikan persetujuan di sini secara sukarela. Jika anda tidak bersetuju, atau jika anda kemudian membatalkan persetujuan anda, status pekerjaan dan kerjaya anda dengan Penerima Perkhidmatan tidak akan terjejas; satu-satunya akibat jika anda tidak bersetuju atau menarik balik persetujuan anda adalah bahawa Syarikat tidak akan dapat memberikan Unit-unit Saham Terbatas pada masa depan atau anugerah-anugerah ekuiti lain kepada anda atau mentadbir atau mengekalkan anugerah-anugerah tersebut. Oleh itu, anda memahami bahawa keengganan atau penarikan balik persetujuan anda boleh menjejaskan keupayaan anda untuk mengambil bahagian dalam Pelan. Untuk maklumat lanjut mengenai akibat keengganan anda untuk memberikan keizinan atau penarikan balik keizinan, anda memahami bahawa anda boleh menghubungi NVIDIA-StockAdmin@nvidia.com.