|
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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|
May 3, 2019 |
May 4, 2018 |
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|
Cash flows from operating activities: |
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|
Net income (loss) |
$ |
329 |
$ |
(538) |
||
|
Adjustments to reconcile net loss to net cash provided by operating activities |
353 |
1,697 |
||||
|
Change in cash from operating activities |
682 |
1,159 |
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|
Cash flows from investing activities: |
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|
Investments: |
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|
Purchases |
(38) |
(439) |
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|
Maturities and sales |
337 |
531 |
||||
|
Capital expenditures |
(610) |
(273) |
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|
Proceeds from sale of facilities, land, and other assets |
— |
10 |
||||
|
Capitalized software development costs |
(106) |
(89) |
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|
Collections on purchased financing receivables |
7 |
10 |
||||
|
Acquisition of businesses, net |
(45) |
— |
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|
Divestitures of businesses, net |
— |
142 |
||||
|
Asset acquisitions, net |
— |
(38) |
||||
|
Asset dispositions, net |
(3) |
(3) |
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|
Change in cash from investing activities |
(458) |
(149) |
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|
Cash flows from financing activities: |
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|
Share repurchases for tax withholdings of equity awards |
(215) |
(100) |
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|
Proceeds from the issuance of common stock of subsidiaries |
133 |
642 |
||||
|
Repurchases of common stock of subsidiaries |
(592) |
— |
||||
|
Proceeds from debt |
9,563 |
1,863 |
||||
|
Repayments of debt |
(9,569) |
(1,822) |
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|
Other |
(39) |
(40) |
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|
Change in cash from financing activities |
(719) |
543 |
||||
|
Effect of exchange rate changes on cash, cash equivalents, and restricted cash |
(36) |
(86) |
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|
Change in cash, cash equivalents, and restricted cash |
(531) |
1,467 |
||||
|
Cash, cash equivalents, and restricted cash at beginning of the period |
10,240 |
14,378 |
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|
Cash, cash equivalents, and restricted cash at end of the period |
$ |
9,709 |
$ |
15,845 |
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