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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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May 5, 2017 |
April 29, 2016 |
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Cash flows from operating activities: |
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Net income (loss) |
$ (1,383) |
$ 55 |
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Adjustments to reconcile net loss to net cash provided by operating activities |
1,623 |
(118) |
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Change in cash from operating activities |
240 |
(63) |
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Cash flows from investing activities: |
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Investments: |
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Purchases |
(559) |
— |
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Maturities and sales |
973 |
12 |
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Capital expenditures |
(245) |
(92) |
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Proceeds from sale of facilities, land, and other assets |
— |
4 |
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Capitalized software development costs |
(89) |
— |
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Collections on purchased financing receivables |
3 |
16 |
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Acquisition of businesses, net |
(12) |
— |
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Divestitures of businesses, net |
(20) |
— |
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Change in cash from investing activities |
51 |
(60) |
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Cash flows from financing activities: |
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Proceeds from the issuance of common stock of subsidiaries |
8 |
102 |
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Repurchases of DHI Group Common Stock |
(2) |
— |
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Repurchases of Class V Common Stock |
(368) |
— |
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Issuance of common stock under employee plans |
1 |
— |
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Payments for debt issuance costs |
(5) |
(2) |
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Proceeds from debt |
3,441 |
552 |
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Repayments of debt |
(3,154) |
(1,041) |
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Repurchases for tax withholdings on vesting of equity awards |
(126) |
(1) |
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Other |
— |
3 |
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Change in cash from financing activities |
(205) |
(387) |
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Effect of exchange rate changes on cash and cash equivalents |
(6) |
73 |
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Change in cash and cash equivalents |
80 |
(437) |
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Cash and cash equivalents at beginning of the period, including amounts held for sale |
9,474 |
6,576 |
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Cash and cash equivalents at end of the period |
$ 9,554 |
$ 6,139 |
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Less: Cash included in current assets held for sale |
— |
268 |
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Cash and cash equivalents from continuing operations |
$ 9,554 |
$ 5,871 |
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