|
DELL TECHNOLOGIES INC. | |||||||||||
|
Condensed Consolidated Statements of Cash Flows | |||||||||||
|
(in millions; unaudited) | |||||||||||
|
|
|
|
|
|
|
|
| ||||
|
|
Three Months Ended |
|
Six Months Ended | ||||||||
|
|
August 3, 2018 |
|
August 4, 2017 |
|
August 3, 2018 |
|
August 4, 2017 | ||||
|
Cash flows from operating activities: |
|
|
|
|
|
|
| ||||
|
Net loss |
$ |
(461) |
|
$ |
(739) |
|
$ |
(999) |
|
$ |
(1,942) |
|
Adjustments to reconcile net loss to net cash provided by operating activities |
3,094 |
|
2,559 |
|
4,791 |
|
4,047 | ||||
|
Change in cash from operating activities |
2,633 |
|
1,820 |
|
3,792 |
|
2,105 | ||||
|
Cash flows from investing activities: |
|
|
|
|
|
|
| ||||
|
Investments: |
|
|
|
|
|
|
| ||||
|
Purchases |
(449) |
|
(1,701) |
|
(888) |
|
(2,260) | ||||
|
Maturities and sales |
791 |
|
1,085 |
|
1,322 |
|
2,058 | ||||
|
Capital expenditures |
(288) |
|
(316) |
|
(561) |
|
(561) | ||||
|
Proceeds from sale of facilities, land, and other assets |
— |
|
— |
|
10 |
|
— | ||||
|
Capitalized software development costs |
(71) |
|
(98) |
|
(160) |
|
(187) | ||||
|
Collections on purchased financing receivables |
7 |
|
7 |
|
17 |
|
10 | ||||
|
Acquisition of businesses, net |
— |
|
(211) |
|
— |
|
(223) | ||||
|
Divestitures of businesses, net |
— |
|
20 |
|
142 |
|
— | ||||
|
Asset acquisitions, net |
— |
|
(86) |
|
(38) |
|
(86) | ||||
|
Asset dispositions, net |
(3) |
|
(41) |
|
(6) |
|
(41) | ||||
|
Change in cash from investing activities |
(13) |
|
(1,341) |
|
(162) |
|
(1,290) | ||||
|
Cash flows from financing activities: |
|
|
|
|
|
|
| ||||
|
Payment of dissenting shares obligation |
(76) |
|
— |
|
(76) |
|
— | ||||
|
Share repurchases for tax withholdings of equity awards |
(99) |
|
(68) |
|
(199) |
|
(194) | ||||
|
Proceeds from the issuance of common stock of subsidiaries |
11 |
|
72 |
|
653 |
|
80 | ||||
|
Repurchases of DHI Group Common Stock |
(10) |
|
— |
|
(47) |
|
(2) | ||||
|
Repurchases of Class V Common Stock |
— |
|
(54) |
|
— |
|
(422) | ||||
|
Payments for debt issuance costs |
(5) |
|
— |
|
(8) |
|
(5) | ||||
|
Proceeds from debt |
2,774 |
|
1,335 |
|
4,637 |
|
4,756 | ||||
|
Repayments of debt |
(5,126) |
|
(2,175) |
|
(6,948) |
|
(5,291) | ||||
|
Other |
1 |
|
— |
|
1 |
|
1 | ||||
|
Change in cash from financing activities |
(2,530) |
|
(890) |
|
(1,987) |
|
(1,077) | ||||
|
|
|
|
|
|
|
|
| ||||
|
Effect of exchange rate changes on cash, cash equivalents, and restricted cash |
(130) |
|
54 |
|
(216) |
|
48 | ||||
|
|
|
|
|
|
|
|
| ||||
|
Change in cash, cash equivalents, and restricted cash |
(40) |
|
(357) |
|
1,427 |
|
(214) | ||||
|
|
|
|
|
|
|
|
| ||||
|
Cash, cash equivalents, and restricted cash at beginning of the period |
15,845 |
|
9,975 |
|
14,378 |
|
9,832 | ||||
|
Cash, cash equivalents, and restricted cash at end of the period |
$ |
15,805 |
|
$ |
9,618 |
|
$ |
15,805 |
|
$ |
9,618 |
