DELL TECHNOLOGIES INC. Reconciliation of Selected Non-GAAP Financial Measures (in millions, except percentages; unaudited; continued) | ||||||||||
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| Three Months Ended |
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| May 1, 2020 |
| May 3, 2019 |
| Change | |||||
Net income | $ | 182 |
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| $ | 329 |
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| (45) | % |
Non-GAAP adjustments: |
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Amortization of intangibles | 855 |
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| 1,217 |
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Impact of purchase accounting | 63 |
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| 101 |
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Transaction-related expenses | (44) |
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| 42 |
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Stock-based compensation expense | 370 |
|
| 263 |
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Other corporate expenses | 95 |
|
| 23 |
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Fair value adjustments on equity investments | (94) |
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| (62) |
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Aggregate adjustment for income taxes | (284) |
|
| (704) |
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Non-GAAP net income | $ | 1,143 |
|
| $ | 1,209 |
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| (5) | % |
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|
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Net income | $ | 182 |
|
| $ | 329 |
|
| (45) | % |
Adjustments: |
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Interest and other, net | 566 |
|
| 693 |
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Income tax benefit | (46) |
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| (472) |
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Depreciation and amortization | 1,316 |
|
| 1,616 |
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EBITDA | $ | 2,018 |
|
| $ | 2,166 |
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| (7) | % |
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EBITDA | $ | 2,018 |
|
| $ | 2,166 |
|
| (7) | % |
Adjustments: |
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|
|
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Stock-based compensation expense | 370 |
|
| 263 |
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Impact of purchase accounting | 48 |
|
| 83 |
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Transaction-related expenses | 76 |
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| 42 |
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Other corporate expenses | 95 |
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| 19 |
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Adjusted EBITDA | $ | 2,607 |
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| $ | 2,573 |
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| 1 | % |