DELL TECHNOLOGIES INC.
| |||||||
|
| |||||||
|
| Three Months Ended |
| Nine Months Ended | ||||
|
| November 3, 2023 |
| October 28, 2022 |
| November 3, 2023 |
| October 28, 2022 |
Reconciliation to consolidated net revenue: |
|
|
|
|
|
| |
Reportable segment net revenue | $ 20,775 |
| $ 23,405 |
| $ 61,754 |
| $ 73,303 |
Other businesses (a) | 1,474 |
| 1,313 |
| 4,345 |
| 3,951 |
Unallocated transactions (b) | 2 |
| 3 |
| 8 |
| 8 |
Total consolidated net revenue | $ 22,251 |
| $ 24,721 |
| $ 66,107 |
| $ 77,262 |
|
|
|
|
|
|
|
|
|
Reconciliation to consolidated operating income: |
|
|
|
|
|
|
|
Reportable segment operating income | $ 1,994 |
| $ 2,434 |
| $ 5,644 |
| $ 6,655 |
Other businesses (a) | (32) |
| (57) |
| (112) |
| (192) |
Unallocated transactions (b) | 2 |
| 3 |
| 7 |
| 4 |
Impact of purchase accounting (c) | (2) |
| (21) |
| (10) |
| (33) |
Amortization of intangibles | (205) |
| (245) |
| (613) |
| (732) |
Transaction-related expenses (d) | (3) |
| (8) |
| (9) |
| (16) |
Stock-based compensation expense (e) | (227) |
| (235) |
| (675) |
| (703) |
Other corporate expenses (f) | (41) |
| (109) |
| (512) |
| (401) |
| Total consolidated operating income | $ 1,486 |
| $ 1,762 |
| $ 3,720 |
| $ 4,582 |
|
|
|
|
|
|
|
|
|
|
| (a) | Other businesses consists of: 1) Dell's resale of standalone VMware, Inc. products and services, "VMware Resale," 2) Secureworks, and 3) Virtustream, and do not meet the requirements for a reportable segment, either individually or collectively. | |||||||
| (b) | Unallocated transactions includes other corporate items that are not allocated to Dell Technologies' reportable segments. | |||||||
| (c) | Impact of purchase accounting includes non-cash purchase accounting adjustments that are primarily related to the EMC merger transaction. | |||||||
| (d) | Transaction-related expenses includes acquisition, integration, and divestiture related costs. From time to time, this category also may include transaction-related income related to divestitures of businesses or asset sales. | |||||||
| (e) | Stock-based compensation expense consists of equity awards granted based on the estimated fair value of those awards at grant date. | |||||||
| (f) | Other corporate expenses includes severance, impairment charges, incentive charges related to equity investments, payroll taxes associated with stock-based compensation, facilities action, and other costs. | |||||||
