Dell Technologies Reports Fiscal Year 2018 Fourth Quarter and Full Year Financial Results

 

 

 

DELL TECHNOLOGIES INC.

Reconciliation of Selected Non-GAAP Financial Measures

(in millions, except percentages; unaudited)

                       
 

Three Months Ended

     

Fiscal Year Ended

   
 

February 2, 2018

 

February 3, 2017

 

Change

 

February 2, 2018

 

February 3, 2017

 

Change

                       

Net revenue

$                   21,935

 

$                   20,074

 

9 %

 

$                   78,660

 

$                   61,642

 

28 %

Non-GAAP adjustments:

                     

  Impact of purchase accounting

284

 

507

     

1,269

 

1,180

   

  Non-GAAP net revenue

$                   22,219

 

$                   20,581

 

8 %

 

$                   79,929

 

$                   62,822

 

27 %

                       

Gross margin

$                     5,780

 

$                     4,531

 

28 %

 

$                   20,054

 

$                   12,959

 

55 %

Non-GAAP adjustments:

                     

  Amortization of intangibles

910

 

847

     

3,694

 

1,653

   

  Impact of purchase accounting

292

 

1,110

     

1,312

 

2,007

   

  Transaction-related expenses

2

 

18

     

24

 

43

   

  Other corporate expenses

38

 

89

     

101

 

157

   

  Non-GAAP gross margin

$                     7,022

 

$                     6,595

 

6 %

 

$                   25,185

 

$                   16,819

 

50 %

                       

Operating expenses

$                     6,101

 

$                     6,199

 

(2)%

 

$                   23,387

 

$                   16,211

 

44 %

Non-GAAP adjustments:

                     

  Amortization of intangibles

(820)

 

(688)

     

(3,286)

 

(2,028)

   

  Impact of purchase accounting

(59)

 

(130)

     

(234)

 

(287)

   

  Transaction-related expenses

(85)

 

(141)

     

(478)

 

(1,445)

   

  Other corporate expenses

(235)

 

(488)

     

(1,059)

 

(745)

   

  Non-GAAP operating expenses

$                     4,902

 

$                     4,752

 

3 %

 

$                   18,330

 

$                   11,706

 

57 %

                       

Operating loss

$                      (321)

 

$                   (1,668)

 

81 %

 

$                   (3,333)

 

$                   (3,252)

 

(2)%

Non-GAAP adjustments:

                     

  Amortization of intangibles

1,730

 

1,535

     

6,980

 

3,681

   

  Impact of purchase accounting

351

 

1,240

     

1,546

 

2,294

   

  Transaction-related expenses

87

 

159

     

502

 

1,488

   

  Other corporate expenses

273

 

577

     

1,160

 

902

   

  Non-GAAP operating income

$                     2,120

 

$                     1,843

 

15 %

 

$                     6,855

 

$                     5,113

 

34 %

                       

Net loss from continuing operations

$                      (553)

 

$                   (1,414)

 

61 %

 

$                   (3,855)

 

$                   (3,737)

 

(3)%

Non-GAAP adjustments:

                     

  Amortization of intangibles

1,730

 

1,535

     

6,980

 

3,681

   

  Impact of purchase accounting

351

 

1,240

     

1,546

 

2,294

   

  Transaction-related expenses

87

 

159

     

502

 

1,485

   

  Other corporate expenses

273

 

577

     

1,160

 

902

   

  Aggregate adjustment for income taxes

(791)

 

(1,006)

     

(2,673)

 

(1,938)

   

  Non-GAAP net income from continuing operations

$                     1,097

 

$                     1,091

 

1 %

 

$                     3,660

 

$                     2,687

 

36 %

                       

Net loss from continuing operations

$                      (553)

 

$                   (1,414)

 

61 %

 

$                   (3,855)

 

$                   (3,737)

 

(3)%

Adjustments:

                     

  Interest and other, net

555

 

742

     

2,355

 

2,104

   

  Income tax benefit

(323)

 

(996)

     

(1,833)

 

(1,619)

   

  Depreciation and amortization

2,143

 

2,041

     

8,634

 

4,840

   

  EBITDA

$                     1,822

 

$                        373

 

388 %

 

$                     5,301

 

$                     1,588

 

234 %

                       

EBITDA

$                     1,822

 

$                        373

 

388 %

 

$                     5,301

 

$                     1,588

 

234 %

Adjustments:

                     

  Stock-based compensation expense

205

 

215

     

835

 

392

   

  Impact of purchase accounting

284

 

1,075

     

1,274

 

1,926

   

  Transaction-related expenses

87

 

159

     

502

 

1,525

   

  Other corporate expenses

68

 

362

     

305

 

510

   

  Adjusted EBITDA

$                     2,466

 

$                     2,184

 

13 %

 

$                     8,217

 

$                     5,941

 

38 %


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »
Featured Video
Editorial
Jobs
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Equipment Engineer, Raxium for Google at Fremont, California
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Mechanical Engineer 3 for Lam Research at Fremont, California
Upcoming Events
Celebrate Manufacturing Excellence at Anaheim Convention Center Anaheim CA - Feb 4 - 6, 2025
3DEXPERIENCE World 2025 at George R. Brown Convention Center Houston TX - Feb 23 - 26, 2025
TIMTOS 2025 at Nangang Exhibition Center Hall 1 & 2 (TaiNEX 1 & 2) TWTC Hall Taipei Taiwan - Mar 3 - 8, 2025
Additive Manufacturing Forum 2025 at Estrel Convention Cente Berlin Germany - Mar 17 - 18, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise