Dell Technologies Inc
For the period ended Feb 2, 2024. Filed Mar 25, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 25, 2024
DELL$334.38-3.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows for the
(in millions, continued on next page)
| Fiscal Year Ended | |||
|---|---|---|---|
| February 2, 2024 | February 3, 2023 | January 28, 2022 | |
| Cash flows from operating activities: | |||
| Net income | $3,195 | $2,422 | $5,707 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 3,303 | 3,156 | 4,551 |
| Stock-based compensation expense | 878 | 931 | 1,622 |
| Deferred income taxes | (91) | (717) | (365) |
| Other, net (a) | 609 | 961 | (3,130) |
| Changes in assets and liabilities, net of effects from acquisitions and dispositions: | |||
| Accounts receivable | 2,977 | 113 | (2,193) |
| Financing receivables | 309 | (461) | (241) |
| Inventories | 975 | 875 | (2,514) |
| Other assets and liabilities | (1,470) | 973 | (1,948) |
| Due from/to related party, net | (652) | 649 | 479 |
| Accounts payable | (335) | (8,546) | 5,742 |
| Deferred revenue | (1,022) | 3,209 | 2,597 |
| Change in cash from operating activities | 8,676 | 3,565 | 10,307 |
| Cash flows from investing activities: | |||
| Purchases of investments | (172) | (108) | (414) |
| Maturities and sales of investments | 226 | 116 | 513 |
| Capital expenditures and capitalized software development costs | (2,756) | (3,003) | (2,796) |
| Acquisition of businesses and assets, net | (126) | (70) | (16) |
| Divestitures of businesses, net | — | — | 3,957 |
| Other | 45 | 41 | 62 |
| Change in cash from investing activities | (2,783) | (3,024) | 1,306 |
| Cash flows from financing activities: | |||
| Dividends paid by VMware, Inc. to non-controlling interests | — | — | (2,240) |
| Proceeds from the issuance of common stock | 10 | 5 | 334 |
| Repurchases of common stock | (2,080) | (2,883) | (1,496) |
| Repurchases of common stock for employee tax withholdings | (372) | (398) | (342) |
| Net transfer of cash, cash equivalents, and restricted cash to VMware, Inc. | — | — | (5,052) |
| Payments of dividends and dividend equivalents | (1,072) | (964) | — |
| Proceeds from debt | 7,775 | 12,479 | 20,425 |
| Repayments of debt | (11,246) | (9,825) | (26,723) |
| Debt-related costs and other, net | (109) | (39) | (1,515) |
| Change in cash from financing activities | (7,094) | (1,625) | (16,609) |
(a)During the fiscal year ended January 28, 2022, other, net, includes $4.0 billion pre-tax gain on the sale of Boomi.
(continued; in millions)
| Fiscal Year Ended | |||
|---|---|---|---|
| February 2, 2024 | February 3, 2023 | January 28, 2022 | |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (186) | (104) | (106) |
| Change in cash, cash equivalents, and restricted cash | (1,387) | (1,188) | (5,102) |
| Cash, cash equivalents, and restricted cash at beginning of the period | 8,894 | 10,082 | 15,184 |
| Cash, cash equivalents, and restricted cash at end of the period | $7,507 | $8,894 | $10,082 |
| Income tax paid | $1,379 | $1,208 | $1,257 |
| Interest paid | $1,438 | $1,169 | $1,825 |
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