DELL TECHNOLOGIES INC. | ||||||||||||||||||||||||||||
Reconciliation of Selected Non-GAAP Financial Measures | ||||||||||||||||||||||||||||
For the Six Months Ended August 2, 2019 | ||||||||||||||||||||||||||||
(in millions, except per share amounts; unaudited) | ||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||
|
| GAAP |
| Amortization of
|
| Impact of
|
| Transaction-
|
| Stock-based
|
| Other
|
| Fair value
|
| Aggregate
|
| Non-
| |||||||||||
Net income | $ | 4,561 |
|
| 2,277 |
|
| 203 |
|
| 89 |
|
| 564 |
|
| 737 |
|
| (142) |
|
| (5,329) |
|
| $ | 2,960 |
|
Less: Net income attributable to non-controlling interests (a) | 852 |
|
| 144 |
|
| 12 |
|
| 5 |
|
| 97 |
|
| — |
|
| 74 |
|
| (944) |
|
| 240 |
| ||
Net income attributable to Dell Technologies Inc. - basic | 3,709 |
|
| 2,133 |
|
| 191 |
|
| 84 |
|
| 467 |
|
| 737 |
|
| (216) |
|
| (4,385) |
|
| 2,720 |
| ||
Incremental dilution from VMware, Inc. attributable to Dell Technologies Inc. (b) | (78) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (17) |
| |||||||||
Net income attributable to Dell Technologies Inc. - diluted | $ | 3,631 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ | 2,703 |
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Earnings per share - basic | $ | 5.17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ | 3.79 |
| |||||||
| Earnings per share - diluted | $ | 4.84 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ | 3.60 |
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
| Weighted-average shares outstanding - basic | 718 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 718 |
| |||||||||
| Weighted-average shares outstanding - diluted | 750 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 750 |
| |||||||||
|
|
|
|
|
|
|
|
|
| (a) | Net income attributable to non-controlling interests is calculated by multiplying the minority interest percentage of VMware, Inc., Pivotal Software, Inc., and SecureWorks Corp. by their non-GAAP net income adjustments for the period presented. | ||||||
| (b) | Incremental dilution from VMware, Inc. attributable to Dell Technologies Inc. represents the impact of VMware, Inc.'s dilutive securities on the diluted earnings per share of Dell Technologies Inc. and is calculated by multiplying the difference between VMware, Inc.'s basic and diluted earnings per share by the number of shares of VMware, Inc. common stock held by Dell Technologies Inc. | ||||||
