DELL TECHNOLOGIES INC.
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| Three Months Ended |
| Six Months Ended | ||||
| August 4, 2023 |
| July 29, 2022 |
| August 4,
|
| July 29, 2022 |
Cash flows from operating activities: |
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Net income | $ 455 |
| $ 506 |
| $ 1,033 |
| $ 1,575 |
Adjustments to reconcile net income to net cash provided by operating activities: | 2,759 |
| 218 |
| 3,958 |
| (1,120) |
Change in cash from operating activities | 3,214 |
| 724 |
| 4,991 |
| 455 |
Cash flows from investing activities: |
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|
|
|
|
|
|
Purchases of investments | (98) |
| (28) |
| (113) |
| (80) |
Maturities and sales of investments | 108 |
| 50 |
| 127 |
| 68 |
Capital expenditures and capitalized software development costs | (624) |
| (807) |
| (1,325) |
| (1,497) |
Other | 9 |
| 7 |
| 22 |
| 11 |
Change in cash from investing activities | (605) |
| (778) |
| (1,289) |
| (1,498) |
Cash flows from financing activities: |
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|
|
Proceeds from the issuance of common stock | 2 |
| 1 |
| 4 |
| 5 |
Repurchases of common stock | (260) |
| (682) |
| (500) |
| (2,118) |
Repurchases of common stock for employee tax withholdings | (6) |
| (8) |
| (312) |
| (358) |
Payments of dividends and dividend equivalents | (269) |
| (242) |
| (545) |
| (490) |
Proceeds from debt | 2,134 |
| 3,431 |
| 4,655 |
| 6,465 |
Repayments of debt | (3,384) |
| (3,539) |
| (7,082) |
| (6,242) |
Debt-related costs and other, net | (44) |
| (7) |
| (49) |
| (14) |
Change in cash from financing activities | (1,827) |
| (1,046) |
| (3,829) |
| (2,752) |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (59) |
| (83) |
| (117) |
| (194) |
Change in cash, cash equivalents, and restricted cash | 723 |
| (1,183) |
| (244) |
| (3,989) |
Cash, cash equivalents, and restricted cash at beginning of the period | 7,927 |
| 7,276 |
| 8,894 |
| 10,082 |
Cash, cash equivalents, and restricted cash at end of the period | $ 8,650 |
| $ 6,093 |
| $ 8,650 |
| $ 6,093 |