DELL TECHNOLOGIES INC. | |||||||
Consolidated Statements of Cash Flows | |||||||
(in millions; unaudited) | |||||||
| |||||||
| Three Months Ended |
| Six Months Ended | ||||
| July 29, 2022 |
| July 30, 2021 |
| July 29, 2022 |
| July 30, 2021 |
Cash flows from operating activities: |
|
|
|
|
|
|
|
Net income | $ 506 |
| $ 880 |
| $ 1,575 |
| $ 1,818 |
Adjustments to reconcile net income to net cash provided by operating activities: | 218 |
| 845 |
| (1,120) |
| 2,145 |
Change in cash from operating activities | 724 |
| 1,725 |
| 455 |
| 3,963 |
Cash flows from investing activities: |
|
|
|
|
|
|
|
Purchases of investments | (28) |
| (124) |
| (80) |
| (270) |
Maturities and sales of investments | 50 |
| 79 |
| 68 |
| 335 |
Capital expenditures and capitalized software development costs | (807) |
| (632) |
| (1,497) |
| (1,257) |
Acquisition of businesses and assets, net | — |
| (6) |
| — |
| (16) |
Other | 7 |
| 14 |
| 11 |
| 20 |
Change in cash from investing activities | (778) |
| (669) |
| (1,498) |
| (1,188) |
Cash flows from financing activities: |
|
|
|
|
|
|
|
Proceeds from the issuance of common stock | 1 |
| 26 |
| 5 |
| 186 |
Repurchases of parent common stock (a) | (689) |
| (8) |
| (2,468) |
| (17) |
Repurchases of subsidiary common stock (a) | (1) |
| (544) |
| (8) |
| (978) |
Payments of dividends to stockholders | (242) |
| — |
| (490) |
| — |
Proceeds from debt | 3,431 |
| 1,209 |
| 6,465 |
| 3,935 |
Repayments of debt | (3,539) |
| (4,353) |
| (6,242) |
| (8,423) |
Debt-related costs and other, net | (7) |
| (3) |
| (14) |
| (14) |
Change in cash from financing activities | (1,046) |
| (3,673) |
| (2,752) |
| (5,311) |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (83) |
| (16) |
| (194) |
| (21) |
Change in cash, cash equivalents, and restricted cash | (1,183) |
| (2,633) |
| (3,989) |
| (2,557) |
Cash, cash equivalents, and restricted cash at beginning of the period, including cash attributable to discontinued operations | 7,276 |
| 15,260 |
| 10,082 |
| 15,184 |
Cash, cash equivalents, and restricted cash at end of the period, including cash attributable to discontinued operations | 6,093 |
| 12,627 |
| 6,093 |
| 12,627 |
Less: Cash, cash equivalents, and restricted cash attributable to discontinued operations | — |
| 5,922 |
| — |
| 5,922 |
Cash, cash equivalents, and restricted cash from continuing operations | $ 6,093 |
| $ 6,705 |
| $ 6,093 |
| $ 6,705 |