Dell Technologies Inc
For the period ended May 3, 2024. Filed Jun 11, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 3, 2024 · Filed Jun 11, 2024
DELL$334.38-3.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows for the
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three Months Ended | ||
|---|---|---|
| May 3, 2024 | May 5, 2023 | |
| Cash flows from operating activities: | ||
| Net income | $955 | $578 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 800 | 809 |
| Stock-based compensation expense | 210 | 225 |
| Deferred income taxes | (327) | (93) |
| Other, net | 224 | 308 |
| Changes in assets and liabilities: | ||
| Accounts receivable | 683 | 3,000 |
| Financing receivables | (165) | 367 |
| Inventories | (1,236) | 684 |
| Other assets and liabilities | (592) | (1,322) |
| Due from/to related party, net | — | (1,458) |
| Accounts payable | 1,241 | (726) |
| Deferred revenue | (750) | (595) |
| Change in cash from operating activities | 1,043 | 1,777 |
| Cash flows from investing activities: | ||
| Purchases of investments | (39) | (15) |
| Maturities and sales of investments | 119 | 19 |
| Capital expenditures and capitalized software development costs | (596) | (701) |
| Other | 60 | 13 |
| Change in cash from investing activities | (456) | (684) |
| Cash flows from financing activities: | ||
| Proceeds from the issuance of common stock | — | 2 |
| Repurchases of common stock | (700) | (240) |
| Repurchases of common stock for employee tax withholdings | (521) | (306) |
| Payments of dividends and dividend equivalents | (336) | (276) |
| Proceeds from debt | 2,992 | 2,521 |
| Repayments of debt | (3,477) | (3,698) |
| Debt-related costs and other, net | (35) | (5) |
| Change in cash from financing activities | (2,077) | (2,002) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (55) | (58) |
| Change in cash, cash equivalents, and restricted cash | (1,545) | (967) |
| Cash, cash equivalents, and restricted cash at beginning of the period | 7,507 | 8,894 |
| Cash, cash equivalents, and restricted cash at end of the period | $5,962 | $7,927 |
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)
(in millions, except per share amounts; continued on next page; unaudited)
| Common Stock and Capital in Excess of Par Value · Treasury Stock | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Issued Shares | Amount | Shares | Amount | Accumulated Deficit | Accumulated Other Comprehensive Income/(Loss) | Dell TechnologiesStockholders’ Equity (Deficit) | Non-Controlling Interests | Total Stockholders’ Equity (Deficit) | |
| Balances as of February 3, 2023 | 798 | $8,424 | 82 | $(3,813) | $(6,732) | $(1,001) | $(3,122) | $97 | $(3,025) |
| Net income (loss) | — | — | — | — | 583 | — | 583 | (5) | 578 |
| Dividends and dividend equivalents declared ($0.37 per common share) | — | — | — | — | (281) | — | (281) | — | (281) |
| Foreign currency translation adjustments | — | — | — | — | — | 31 | 31 | — | 31 |
| Cash flow hedges, net change | — | — | — | — | — | 101 | 101 | — | 101 |
| Pension and other post-retirement | — | — | — | — | — | 1 | 1 | — | 1 |
| Issuance of common stock, net of shares repurchased for employee tax withholding | 19 | (299) | — | — | — | — | (299) | — | (299) |
| Stock-based compensation expense | — | 218 | — | — | — | — | 218 | 7 | 225 |
| Treasury stock repurchases | — | — | 6 | (251) | — | — | (251) | — | (251) |
| Impact from equity transactions of non-controlling interests | — | (4) | — | — | — | — | (4) | — | (4) |
| Balances as of May 5, 2023 | 817 | $8,339 | 88 | $(4,064) | $(6,430) | $(868) | $(3,023) | $99 | $(2,924) |
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)
(continued; in millions, except per share amounts; unaudited)
| Common Stock and Capital in Excess of Par Value · Treasury Stock | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Issued Shares | Amount | Shares | Amount | Accumulated Deficit | Accumulated Other Comprehensive Income/(Loss) | Dell TechnologiesStockholders’ Equity (Deficit) | Non-Controlling Interests | Total Stockholders’ Equity (Deficit) | |
| Balances as of February 2, 2024 | 821 | $8,926 | 116 | $(5,900) | $(4,630) | $(800) | $(2,404) | $95 | $(2,309) |
| Net income (loss) | — | — | — | — | 960 | — | 960 | (5) | 955 |
| Dividends and dividend equivalents declared ($0.445 per common share) | — | — | — | — | (331) | — | (331) | — | (331) |
| Foreign currency translation adjustments | — | — | — | — | — | (74) | (74) | — | (74) |
| Cash flow hedges, net change | — | — | — | — | — | 68 | 68 | — | 68 |
| Pension and other post-retirement | — | — | — | — | — | 1 | 1 | — | 1 |
| Issuance of common stock, net of shares repurchased for employee tax withholding | 12 | (515) | — | — | — | — | (515) | — | (515) |
| Stock-based compensation expense | — | 202 | — | — | — | — | 202 | 8 | 210 |
| Treasury stock repurchases | — | — | 7 | (722) | — | — | (722) | — | (722) |
| Impact from equity transactions of non-controlling interests | — | (7) | — | — | — | — | (7) | 1 | (6) |
| Balances as of May 3, 2024 | 833 | $8,606 | 123 | $(6,622) | $(4,001) | $(805) | $(2,822) | $99 | $(2,723) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.