DELL TECHNOLOGIES INC. Reconciliation of Selected Non-GAAP Financial Measures (in millions, except percentages; unaudited; continued) | |||||||||||
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| Three Months Ended |
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| Six Months Ended |
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| August 2,
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| August 4,
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| Change |
| August 2,
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| August 4,
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| Change |
Cash flow from operations | $ 1,340 |
| $ 3,214 |
| (58) % |
| $ 2,383 |
| $ 4,991 |
| (52) % |
Non-GAAP adjustments: |
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Capital expenditures and capitalized software
| (636) |
| (624) |
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| (1,222) |
| (1,322) |
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Free cash flow | $ 704 |
| $ 2,590 |
| (73) % |
| $ 1,161 |
| $ 3,669 |
| (68) % |
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Free cash flow | $ 704 |
| $ 2,590 |
| (73) % |
| $ 1,161 |
| $ 3,669 |
| (68) % |
Non-GAAP adjustments: |
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Financing receivables (b) | 487 |
| 497 |
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| 652 |
| 130 |
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Equipment under operating leases (c) | 93 |
| (37) |
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| 94 |
| (62) |
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Adjusted free cash flow | $ 1,284 |
| $ 3,050 |
| (58) % |
| $ 1,907 |
| $ 3,737 |
| (49) % |
| ____________________ | |
| (a) | Capital expenditures and capitalized software development costs is net of proceeds from sales of facilities, land, and other assets. |
| (b) | Financing receivables represent the operating cash flow impact from the change in DFS financing receivables. |
| (c) | Equipment under operating leases represents the net change of capital expenditures and depreciation expense for DFS leases and contractually embedded leases identified within flexible consumption arrangements. |
