DELL TECHNOLOGIES INC. | ||||||||||||||
Condensed Consolidated Statements of Cash Flows | ||||||||||||||
(in millions; unaudited) | ||||||||||||||
| ||||||||||||||
| Three Months Ended |
| Six Months Ended | |||||||||||
| August 2, 2019 |
| August 3, 2018 |
| August 2, 2019 |
| August 3, 2018 | |||||||
Cash flows from operating activities: |
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Net income (loss) | $ | 4,505 |
| $ | (461) |
| $ | 4,834 |
| $ | (999) | |||
Adjustments to reconcile net income (loss) to net cash provided by operating activities | (1,225) |
| 3,094 |
| (872) |
| 4,791 | |||||||
Change in cash from operating activities | 3,280 |
| 2,633 |
| 3,962 |
| 3,792 | |||||||
Cash flows from investing activities: |
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Investments: |
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|
|
| |||||||
Purchases | (32) |
| (449) |
| (70) |
| (888) | |||||||
Maturities and sales | 93 |
| 791 |
| 430 |
| 1,322 | |||||||
Capital expenditures | (473) |
| (288) |
| (1,083) |
| (561) | |||||||
Capitalized software development costs | (78) |
| (71) |
| (184) |
| (160) | |||||||
Acquisition of businesses, net | (339) |
| — |
| (384) |
| — | |||||||
Divestitures of businesses, net | — |
| — |
| — |
| 142 | |||||||
Asset acquisitions, net | — |
| — |
| — |
| (38) | |||||||
Asset dispositions, net | — |
| (3) |
| (3) |
| (6) | |||||||
Other | 4 |
| 7 |
| 11 |
| 27 | |||||||
Change in cash from investing activities | (825) |
| (13) |
| (1,283) |
| (162) | |||||||
Cash flows from financing activities: |
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Share repurchases for tax withholdings of equity awards | (148) |
| (99) |
| (363) |
| (199) | |||||||
Proceeds from the issuance of common stock of subsidiaries | 18 |
| 11 |
| 151 |
| 653 | |||||||
Repurchases of common stock of subsidiaries | (452) |
| — |
| (1,044) |
| — | |||||||
Proceeds from debt | 2,638 |
| 2,774 |
| 12,201 |
| 4,637 | |||||||
Repayments of debt | (4,342) |
| (5,126) |
| (13,911) |
| (6,948) | |||||||
Other | 83 |
| (90) |
| 44 |
| (130) | |||||||
Change in cash from financing activities | (2,203) |
| (2,530) |
| (2,922) |
| (1,987) | |||||||
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (26) |
| (130) |
| (62) |
| (216) | |||||||
Change in cash, cash equivalents, and restricted cash | 226 |
| (40) |
| (305) |
| 1,427 | |||||||
Cash, cash equivalents, and restricted cash at beginning of the period | 9,709 |
| 15,845 |
| 10,240 |
| 14,378 | |||||||
Cash, cash equivalents, and restricted cash at end of the period | $ | 9,935 |
| $ | 15,805 |
| $ | 9,935 |
| $ | 15,805 |