DELL TECHNOLOGIES INC.
| |||||||
| |||||||
| Three Months Ended |
| Fiscal Year Ended | ||||
| February 3,
|
| January 28,
|
| February 3,
|
| January 28,
|
Cash flows from operating activities: |
|
|
|
|
|
|
|
Net income | $ 606 |
| $ 1 |
| $ 2,422 |
| $ 5,707 |
Adjustments to reconcile net income to net cash provided
| 2,108 |
| 3,092 |
| 1,143 |
| 4,600 |
Change in cash from operating activities | 2,714 |
| 3,093 |
| 3,565 |
| 10,307 |
Cash flows from investing activities: |
|
|
|
|
|
|
|
Purchases of equity and other investments | (7) |
| (93) |
| (94) |
| (256) |
Purchases of held-to-maturity investments | — |
| (1) |
| (14) |
| (158) |
Maturities and sales of equity and other investments | 17 |
| 59 |
| 116 |
| 513 |
Capital expenditures and capitalized software development
| (759) |
| (740) |
| (3,003) |
| (2,796) |
Acquisition of businesses and assets, net | (70) |
| — |
| (70) |
| (16) |
Divestitures of businesses and assets, net | — |
| — |
| — |
| 3,957 |
Other | 23 |
| 28 |
| 41 |
| 62 |
Change in cash from investing activities | (796) |
| (747) |
| (3,024) |
| 1,306 |
Cash flows from financing activities: |
|
|
|
|
|
|
|
Dividends paid by VMware, Inc. to non-controlling interests | — |
| (2,240) |
| — |
| (2,240) |
Proceeds from the issuance of common stock | — |
| 8 |
| 5 |
| 334 |
Repurchases of parent common stock (a) | (182) |
| (628) |
| (3,272) |
| (663) |
Repurchases of subsidiary common stock (a) | (1) |
| (1) |
| (9) |
| (1,175) |
Payments of dividends to stockholders | (236) |
| — |
| (964) |
| — |
Proceeds from debt | 3,700 |
| 7,388 |
| 12,479 |
| 20,425 |
Repayments of debt | (1,746) |
| (13,654) |
| (9,825) |
| (26,723) |
Net transfer of cash, cash equivalents, and restricted cash
| — |
| (5,052) |
| — |
| (5,052) |
Debt-related costs and other, net | (22) |
| (1,402) |
| (39) |
| (1,515) |
Change in cash from financing activities | 1,513 |
| (15,581) |
| (1,625) |
| (16,609) |
Effect of exchange rate changes on cash, cash equivalents,
| 239 |
| (52) |
| (104) |
| (106) |
Change in cash, cash equivalents, and restricted cash | 3,670 |
| (13,287) |
| (1,188) |
| (5,102) |
Cash, cash equivalents, and restricted cash at beginning of
| 5,224 |
| 23,369 |
| 10,082 |
| 15,184 |
Cash, cash equivalents, and restricted cash from continuing operations | $ 8,894 |
| $ 10,082 |
| $ 8,894 |
| $ 10,082 |
_________________ |
(a) Common stock repurchases are inclusive of employee tax withholding on stock-based compensation. |