Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Dell Technologies Inc., adjusted current assets

US$ in millions

	Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020	Feb 1, 2019
As Reported
Current assets	35,947)	42,351)	45,033)	43,567)	36,868)	36,138)
Adjustments
Add: Allowance for expected credit losses	71)	78)	90)	104)	94)	85)
After Adjustment
Adjusted current assets	36,018)	42,429)	45,123)	43,671)	36,962)	36,223)

Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).

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Dell Technologies Inc., adjusted total assets

US$ in millions

	Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020	Feb 1, 2019
As Reported
Total assets	82,089)	89,611)	92,735)	123,415)	118,861)	111,820)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)	1,515)
Add: Allowance for expected credit losses	71)	78)	90)	104)	94)	85)
Less: Noncurrent deferred tax assets, net²	1,432)	1,360)	643)	5,428)	4,938)	—)
After Adjustment
Adjusted total assets	80,728)	88,329)	92,182)	118,091)	114,017)	113,420)

Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Noncurrent deferred tax assets, net. See details »

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Dell Technologies Inc., adjusted current liabilities

US$ in millions

	Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020	Feb 1, 2019
As Reported
Current liabilities	48,494)	51,654)	56,219)	54,132)	52,456)	44,972)
Adjustments
Less: Short-term deferred revenue	15,318)	15,542)	14,261)	16,525)	14,881)	12,944)
After Adjustment
Adjusted current liabilities	33,176)	36,112)	41,958)	37,607)	37,575)	32,028)

Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).

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Dell Technologies Inc., adjusted total liabilities

US$ in millions

	Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020	Feb 1, 2019
As Reported
Total liabilities	84,398)	92,636)	94,315)	115,390)	115,077)	111,566)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)	1,515)
Less: Noncurrent deferred tax liabilities²	—)	—)	—)	—)	—)	1,450)
Less: Deferred revenue	29,145)	30,286)	27,573)	30,801)	27,800)	24,010)
Less: Warranty liability	426)	467)	480)	473)	496)	524)
Less: Severance liability	352)	408)	74)	138)	196)	146)
After Adjustment
Adjusted total liabilities	54,475)	61,475)	66,188)	83,978)	86,585)	86,951)

Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Noncurrent deferred tax liabilities. See details »

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Dell Technologies Inc., adjusted total Dell Technologies Inc. stockholders’ equity (deficit)

US$ in millions

	Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020	Feb 1, 2019
As Reported
Total Dell Technologies Inc. stockholders’ equity (deficit)	(2,404)	(3,122)	(1,685)	2,479)	(1,574)	(5,765)
Adjustments
Less: Net deferred tax assets (liabilities)¹	1,432)	1,360)	643)	5,428)	4,938)	(1,450)
Add: Allowance for expected credit losses	71)	78)	90)	104)	94)	85)
Add: Deferred revenue	29,145)	30,286)	27,573)	30,801)	27,800)	24,010)
Add: Warranty liability	426)	467)	480)	473)	496)	524)
Add: Severance liability	352)	408)	74)	138)	196)	146)
Add: Non-controlling interests	95)	97)	105)	5,074)	4,729)	4,823)
After Adjustment
Adjusted total stockholders’ equity (deficit)	26,253)	26,854)	25,994)	33,641)	26,803)	25,273)

Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).

¹ Net deferred tax assets (liabilities). See details »

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Dell Technologies Inc., adjusted capitalization table

US$ in millions

	Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020	Feb 1, 2019
As Reported
Short-term debt	6,982)	6,573)	5,823)	6,362)	7,737)	4,320)
Long-term debt	19,012)	23,015)	21,131)	41,622)	44,319)	49,201)
Total reported debt	25,994)	29,588)	26,954)	47,984)	52,056)	53,521)
Total Dell Technologies Inc. stockholders’ equity (deficit)	(2,404)	(3,122)	(1,685)	2,479)	(1,574)	(5,765)
Total reported capital	23,590)	26,466)	25,269)	50,463)	50,482)	47,756)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)	1,515)
Add: Current operating lease liabilities (included in Accrued and other current liabilities)²	253)	260)	287)	436)	432)	—)
Add: Non-current operating lease liabilities (included in Other non-current liabilities)³	576)	630)	720)	1,787)	1,360)	—)
Adjusted total debt	26,823)	30,478)	27,961)	50,207)	53,848)	55,036)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	1,432)	1,360)	643)	5,428)	4,938)	(1,450)
Add: Allowance for expected credit losses	71)	78)	90)	104)	94)	85)
Add: Deferred revenue	29,145)	30,286)	27,573)	30,801)	27,800)	24,010)
Add: Warranty liability	426)	467)	480)	473)	496)	524)
Add: Severance liability	352)	408)	74)	138)	196)	146)
Add: Non-controlling interests	95)	97)	105)	5,074)	4,729)	4,823)
Adjusted total stockholders’ equity (deficit)	26,253)	26,854)	25,994)	33,641)	26,803)	25,273)
After Adjustment
Adjusted total capital	53,076)	57,332)	53,955)	83,848)	80,651)	80,309)

Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities (included in Accrued and other current liabilities). See details »

³ Non-current operating lease liabilities (included in Other non-current liabilities). See details »

⁴ Net deferred tax assets (liabilities). See details »

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Dell Technologies Inc., adjusted net revenue

US$ in millions

12 months ended:	Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020	Feb 1, 2019
As Reported
Net revenue	88,425)	102,301)	101,197)	94,224)	92,154)	90,621)
Adjustment
Add: Increase (decrease) in deferred revenue	(1,141)	2,713)	1,981)	3,001)	3,790)	3,194)
After Adjustment
Adjusted net revenue	87,284)	105,014)	103,178)	97,225)	95,944)	93,815)

Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).

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Dell Technologies Inc., adjusted net income (loss) attributable to Dell Technologies Inc.

US$ in millions

12 months ended:	Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020	Feb 1, 2019
As Reported
Net income (loss) attributable to Dell Technologies Inc.	3,211)	2,442)	5,563)	3,250)	4,616)	(2,310)
Adjustments
Add: Deferred income tax expense (benefit)¹	(91)	(717)	(221)	(399)	(6,339)	(1,331)
Add: Increase (decrease) in allowance for expected credit losses	(7)	(12)	(9)	10)	9)	(18)
Add: Increase (decrease) in deferred revenue	(1,141)	2,713)	1,981)	3,001)	3,790)	3,194)
Add: Increase (decrease) in warranty liability	(41)	(13)	7)	(23)	(28)	(15)
Add: Increase (decrease) in severance liability	(56)	334)	(35)	(58)	50)	(29)
Less: Income from discontinued operations, net of income taxes	—)	—)	765)	—)	—)	—)
Add: Other comprehensive income (loss), net of tax	201)	(571)	(125)	395)	(242)	(533)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	(16)	(21)	144)	255)	913)	135)
After Adjustment
Adjusted net income (loss)	2,060)	4,155)	6,540)	6,431)	2,769)	(907)

Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).

¹ Deferred income tax expense (benefit). See details »

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Dell Technologies Inc. (NYSE:DELL)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income