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DELL TECHNOLOGIES INC. | |||||||
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Condensed Consolidated Statements of Cash Flows | |||||||
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(in millions; unaudited) | |||||||
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Three Months Ended |
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Nine Months Ended | ||||
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November 3, 2017 |
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October 28, 2016 |
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November 3, 2017 |
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October 28, 2016 |
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Cash flows from operating activities: |
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Net loss |
$ (941) |
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$ (2,075) |
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$ (3,302) |
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$ (1,448) |
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Adjustments to reconcile net loss to net cash provided by operating activities |
2,564 |
|
1,829 |
|
6,981 |
|
3,017 |
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Change in cash from operating activities |
1,623 |
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(246) |
|
3,679 |
|
1,569 |
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Cash flows from investing activities: |
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Investments: |
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Purchases |
(1,194) |
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(503) |
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(3,454) |
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(511) |
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Maturities and sales |
935 |
|
543 |
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2,993 |
|
561 |
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Capital expenditures |
(341) |
|
(182) |
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(902) |
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(417) |
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Proceeds from sale of facilities, land, and other assets |
— |
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5 |
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— |
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24 |
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Capitalized software development costs |
(94) |
|
(85) |
|
(281) |
|
(85) |
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Collections on purchased financing receivables |
15 |
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6 |
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25 |
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31 |
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Acquisition of businesses, net |
— |
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(37,614) |
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(223) |
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(37,614) |
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Divestitures of businesses, net |
— |
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— |
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— |
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— |
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Asset acquisitions, net |
(9) |
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— |
|
(95) |
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— |
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Asset dispositions, net |
(12) |
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— |
|
(53) |
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— |
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Other |
— |
|
(8) |
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— |
|
(48) |
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Change in cash from investing activities |
(700) |
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(37,838) |
|
(1,990) |
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(38,059) |
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Cash flows from financing activities: |
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Payment of dissenting shares obligation |
— |
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— |
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— |
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(446) |
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Proceeds from the issuance of DHI Group Common Stock |
— |
|
4,404 |
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— |
|
4,404 |
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Proceeds from the issuance of common stock of subsidiaries |
30 |
|
1 |
|
110 |
|
101 |
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Repurchases of DHI Group Common Stock |
(4) |
|
(8) |
|
(6) |
|
(10) |
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Repurchases of Class V Common Stock |
(300) |
|
(132) |
|
(722) |
|
(132) |
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Repurchases of common stock of subsidiaries |
(555) |
|
(611) |
|
(555) |
|
(611) |
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Issuance of common stock under employee plans |
— |
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— |
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1 |
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— |
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Payments for debt issuance costs |
(39) |
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(834) |
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(44) |
|
(849) |
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Proceeds from debt |
8,416 |
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43,838 |
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13,192 |
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45,986 |
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Repayments of debt |
(5,872) |
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(7,000) |
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(11,181) |
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(9,638) |
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Share repurchases for tax withholdings on vesting of equity awards |
(105) |
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(26) |
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(299) |
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(28) |
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Other |
— |
|
4 |
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— |
|
10 |
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Change in cash from financing activities |
1,571 |
|
39,636 |
|
496 |
|
38,787 |
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Effect of exchange rate changes on cash and cash equivalents |
(1) |
|
(21) |
|
47 |
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31 |
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Change in cash and cash equivalents |
2,493 |
|
1,531 |
|
2,232 |
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2,328 |
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Cash and cash equivalents at beginning of period, including amounts held for sale |
9,213 |
|
7,373 |
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9,474 |
|
6,576 |
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Cash and cash equivalents at end of the period |
$ 11,706 |
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$ 8,904 |
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$ 11,706 |
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$ 8,904 |
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Less: Cash included in current assets held for sale |
— |
|
82 |
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— |
|
82 |
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Cash and cash equivalents from continuing operations |
$ 11,706 |
|
$ 8,822 |
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$ 11,706 |
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$ 8,822 |
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