Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Dell Technologies Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020	Feb 1, 2019
Net income (loss)	3,195)	2,422)	5,707)	3,505)	5,529)	(2,181)
Depreciation and amortization	3,303)	3,156)	4,551)	5,390)	6,143)	7,746)
Stock-based compensation expense	878)	931)	1,622)	1,609)	1,262)	918)
Deferred income taxes	(91)	(717)	(365)	(399)	(6,339)	(1,331)
Other, net	609)	961)	(3,130)	(88)	938)	756)
Accounts receivable	2,977)	113)	(2,193)	(396)	(286)	(1,104)
Financing receivables	309)	(461)	(241)	(728)	(1,329)	(1,302)
Inventories	975)	875)	(2,514)	(243)	311)	(1,445)
Other assets and liabilities	(1,470)	973)	(1,948)	(1,656)	(1,559)	564)
Due from/to related party, net	(652)	649)	479)	—)	—)	—)
Accounts payable	(335)	(8,546)	5,742)	1,598)	894)	952)
Deferred revenue	(1,022)	3,209)	2,597)	2,815)	3,727)	3,418)
Changes in assets and liabilities, net of effects from acquisitions and dispositions	782)	(3,188)	1,922)	1,390)	1,758)	1,083)
Adjustments to reconcile net income (loss) to net cash provided by operating activities	5,481)	1,143)	4,600)	7,902)	3,762)	9,172)
Change in cash from operating activities	8,676)	3,565)	10,307)	11,407)	9,291)	6,991)
Purchases of investments	(172)	(108)	(414)	(338)	(181)	(925)
Maturities and sales of investments	226)	116)	513)	169)	497)	6,612)
Capital expenditures and capitalized software development costs	(2,756)	(3,003)	(2,796)	(2,082)	(2,576)	(1,497)
Acquisition of businesses and assets, net	(126)	(70)	(16)	(424)	(2,463)	(971)
Divestitures of businesses, net	—)	—)	3,957)	2,187)	(3)	130)
Other	45)	41)	62)	28)	40)	40)
Change in cash from investing activities	(2,783)	(3,024)	1,306)	(460)	(4,686)	3,389)
Dividends paid by VMware, Inc. to non-controlling interests	—)	—)	(2,240)	—)	—)	—)
Dividends paid to VMware, Inc.’s public stockholders	—)	—)	—)	—)	—)	(2,134)
Proceeds from the issuance of common stock	10)	5)	334)	452)	658)	805)
Repurchases of common stock	(2,080)	(2,883)	(1,496)	(1,604)	(3,006)	(14,056)
Repurchases of common stock for employee tax withholdings	(372)	(398)	(342)	—)	(547)	(387)
Net transfer of cash, cash equivalents, and restricted cash to VMware, Inc.	—)	—)	(5,052)	—)	—)	—)
Payments of dividends and dividend equivalents	(1,072)	(964)	—)	—)	—)	—)
Proceeds from debt	7,775)	12,479)	20,425)	16,391)	20,481)	13,045)
Repayments of debt	(11,246)	(9,825)	(26,723)	(20,919)	(22,117)	(11,451)
Debt-related costs and other, net	(109)	(39)	(1,515)	(270)	(73)	(151)
Change in cash from financing activities	(7,094)	(1,625)	(16,609)	(5,950)	(4,604)	(14,329)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(186)	(104)	(106)	36)	(90)	(189)
Change in cash, cash equivalents, and restricted cash	(1,387)	(1,188)	(5,102)	5,033)	(89)	(4,138)
Cash, cash equivalents, and restricted cash at beginning of the period	8,894)	10,082)	15,184)	10,151)	10,240)	14,378)
Cash, cash equivalents, and restricted cash at end of the period	7,507)	8,894)	10,082)	15,184)	10,151)	10,240)

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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Cash flow statement item	Description	The company
Change in cash from operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Dell Technologies Inc. change in cash from operating activities decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.
Change in cash from investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Dell Technologies Inc. change in cash from investing activities decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.
Change in cash from financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Dell Technologies Inc. change in cash from financing activities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Dell Technologies Inc. (NYSE:DELL)

Cash Flow Statement