DELL TECHNOLOGIES INC. Consolidated Statements of Cash Flows (in millions; unaudited) | |||||||||
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| Three Months Ended |
| Fiscal Year Ended | ||||||
| January 28,
|
| January 29,
|
| January 28,
|
| January 29,
| ||
Cash flows from operating activities: |
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Net income | $ 1 |
| $ 1,343 |
| $ 5,707 |
| $ 3,505 | ||
Adjustments to reconcile net income to net cash provided by operating activities | 3,092 |
| 4,534 |
| 4,600 |
| 7,902 | ||
Change in cash from operating activities | 3,093 |
| 5,877 |
| 10,307 |
| 11,407 | ||
Cash flows from investing activities: |
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Purchases of investments | (94) |
| (42) |
| (414) |
| (338) | ||
Maturities and sales of investments | 59 |
| 71 |
| 513 |
| 169 | ||
Capital expenditures and capitalized software development costs | (740) |
| (498) |
| (2,796) |
| (2,082) | ||
Acquisition of businesses and assets, net | — |
| (19) |
| (16) |
| (424) | ||
Divestitures of businesses and assets, net | — |
| — |
| 3,957 |
| 2,187 | ||
Other | 28 |
| 2 |
| 62 |
| 28 | ||
Change in cash from investing activities | (747) |
| (486) |
| 1,306 |
| (460) | ||
Cash flows from financing activities: |
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Dividends paid by VMware, Inc. to non-controlling interests | (2,240) |
| — |
| (2,240) |
| — | ||
Proceeds from the issuance of common stock | 8 |
| 63 |
| 334 |
| 452 | ||
Repurchases of parent common stock (a) | (628) |
| (1) |
| (663) |
| (241) | ||
Repurchases of subsidiary common stock (a) | (1) |
| (473) |
| (1,175) |
| (1,363) | ||
Proceeds from debt | 7,388 |
| 1,619 |
| 20,425 |
| 16,391 | ||
Repayments of debt | (13,654) |
| (3,675) |
| (26,723) |
| (20,919) | ||
Net transfer of cash, cash equivalents, and restricted cash to VMware, Inc. | (5,052) |
| — |
| (5,052) |
| — | ||
Debt related costs and other, net | (1,402) |
| — |
| (1,515) |
| (270) | ||
Change in cash from financing activities | (15,581) |
| (2,467) |
| (16,609) |
| (5,950) | ||
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (52) |
| 103 |
| (106) |
| 36 | ||
Change in cash, cash equivalents, and restricted cash | (13,287) |
| 3,027 |
| (5,102) |
| 5,033 | ||
Cash, cash equivalents, and restricted cash at beginning of the period, including cash attributable to discontinued operations | 23,369 |
| 12,157 |
| 15,184 |
| 10,151 | ||
Cash, cash equivalents, and restricted cash at end of the period, including cash attributable to discontinued operations | $ 10,082 |
| $ 15,184 |
| $ 10,082 |
| $ 15,184 | ||
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(a) Common stock repurchases are inclusive of employee tax withholding on stock-based compensation. |