DELL TECHNOLOGIES INC.
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| Three Months Ended | ||||||
| April 30, 2021 |
| May 1, 2020 | ||||
Cash flows from operating activities: |
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Net income | $ | 938 |
|
| $ | 182 |
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Adjustments to reconcile net income to net cash provided by (used in) operating activities | 1,300 |
|
| (978) |
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Change in cash from operating activities | 2,238 |
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| (796) |
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Cash flows from investing activities: |
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Purchases of investments | (146) |
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| (56) |
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Maturities and sales of investments | 256 |
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| 39 |
| ||
Capital expenditures and capitalized software development costs | (625) |
|
| (559) |
| ||
Acquisition of businesses and assets, net | (10) |
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| (38) |
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Divestitures of businesses and assets, net | — |
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| 120 |
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Other | 6 |
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| 9 |
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Change in cash from investing activities | (519) |
|
| (485) |
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Cash flows from financing activities: |
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|
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Proceeds from the issuance of common stock | 160 |
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| 116 |
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Repurchases of parent common stock | (9) |
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| (240) |
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Repurchases of subsidiary common stock (a) | (434) |
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| (300) |
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Proceeds from debt | 2,726 |
|
| 10,135 |
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Repayments of debt | (4,070) |
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| (5,405) |
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Other | (11) |
|
| (42) |
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Change in cash from financing activities | (1,638) |
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| 4,264 |
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Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (5) |
|
| (136) |
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Change in cash, cash equivalents, and restricted cash | 76 |
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| 2,847 |
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Cash, cash equivalents, and restricted cash at beginning of the period | 15,184 |
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| 10,151 |
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Cash, cash equivalents, and restricted cash at end of the period | $ | 15,260 |
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| $ | 12,998 |
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(a) Subsidiary common stock repurchases are inclusive of employee tax withholding on stock-based compensation. |