DELL TECHNOLOGIES INC. | |||||||||||||||
Segment Information | |||||||||||||||
(in millions, except percentages; unaudited; continued) | |||||||||||||||
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| Three Months Ended |
| Six Months Ended | ||||||||||||
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| August 2, 2019 |
| August 3, 2018 |
| August 2, 2019 |
| August 3, 2018 | ||||||||
Reconciliation to consolidated net revenue: |
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Reportable segment net revenue | $ | 22,835 |
| $ | 22,549 |
| $ | 44,229 |
| $ | 43,515 | ||||
Other businesses (a) | 619 |
| 574 |
| 1,215 |
| 1,153 | ||||||||
Unallocated transactions (b) | — |
| (1) |
| — |
| (3) | ||||||||
Impact of purchase accounting (c) | (84) |
| (180) |
| (166) |
| (367) | ||||||||
Total consolidated net revenue | $ | 23,370 |
| $ | 22,942 |
| $ | 45,278 |
| $ | 44,298 | ||||
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Reconciliation to consolidated operating income (loss): |
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Reportable segment operating income | $ | 2,794 |
| $ | 2,173 |
| $ | 5,044 |
| $ | 4,258 | ||||
Other businesses (a) | (25) |
| (49) |
| (78) |
| (99) | ||||||||
Unallocated transactions (b) | (26) |
| (16) |
| (27) |
| (25) | ||||||||
Impact of purchase accounting (c) | (102) |
| (215) |
| (203) |
| (437) | ||||||||
Amortization of intangibles | (1,060) |
| (1,526) |
| (2,277) |
| (3,048) | ||||||||
Transaction-related expenses (d) | (47) |
| (104) |
| (89) |
| (270) | ||||||||
Stock-based compensation expense (e) | (301) |
| (216) |
| (564) |
| (415) | ||||||||
| Other corporate expenses (f) | (714) |
| (60) |
| (737) |
| (130) | ||||||||
| Total consolidated operating income (loss) | $ | 519 |
| $ | (13) |
| $ | 1,069 |
| $ | (166) | ||||
| _________________ | |
| (a) | Pivotal, SecureWorks, RSA Security, Virtustream, and Boomi constitute "Other businesses" and do not meet the requirements for a reportable segment, either individually or collectively. The results of Other businesses are not material to the Company's overall results. |
| (b) | Unallocated transactions includes other corporate items that are not allocated to Dell Technologies' reportable segments. |
| (c) | Impact of purchase accounting includes non-cash purchase accounting adjustments that are primarily related to the EMC merger transaction. |
| (d) | Transaction-related expenses includes acquisition, integration, and divestiture related costs, as well as the costs incurred in the Class V transaction. |
| (e) | Stock-based compensation expense consists of equity awards granted based on the estimated fair value of those awards at grant date. |
| (f) | Other corporate expenses includes impairment charges and severance, facility action, and other costs. |
SUPPLEMENTAL SELECTED NON-GAAP FINANCIAL MEASURES
