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DELL TECHNOLOGIES INC. |
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Condensed Consolidated Statements of Cash Flows |
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(in millions; unaudited) |
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Three Months Ended |
Six Months Ended |
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|
August 4, 2017 |
July 29, 2016 |
August 4, 2017 |
July 29, 2016 |
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Cash flows from operating activities: |
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|
Net income (loss) |
$ (978) |
$ 572 |
$ (2,361) |
$ 627 |
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Adjustments to reconcile net loss to net cash provided by operating activities |
2,794 |
1,306 |
4,417 |
1,188 |
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Change in cash from operating activities |
1,816 |
1,878 |
2,056 |
1,815 |
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Cash flows from investing activities: |
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Investments: |
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|
Purchases |
(1,701) |
(8) |
(2,260) |
(8) |
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Maturities and sales |
1,085 |
6 |
2,058 |
18 |
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Capital expenditures |
(316) |
(143) |
(561) |
(235) |
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Proceeds from sale of facilities, land, and other assets |
- |
15 |
- |
19 |
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Capitalized software development costs |
(98) |
- |
(187) |
- |
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Collections on purchased financing receivables |
7 |
9 |
10 |
25 |
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Acquisition of businesses, net |
(211) |
- |
(223) |
- |
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Divestitures of businesses, net |
20 |
- |
- |
- |
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Asset acquisitions, net |
(86) |
- |
(86) |
- |
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Asset dispositions, net |
(41) |
- |
(41) |
- |
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Other |
- |
(40) |
- |
(40) |
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Change in cash from investing activities |
(1,341) |
(161) |
(1,290) |
(221) |
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Cash flows from financing activities: |
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Payment of dissenting shares obligation |
- |
(446) |
- |
(446) |
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Proceeds from the issuance of common stock of subsidiaries |
72 |
(2) |
80 |
100 |
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Repurchases of DHI Group Common Stock |
- |
(2) |
(2) |
(2) |
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Repurchases of Class V Common Stock |
(54) |
- |
(422) |
- |
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Issuance of common stock under employee plans |
- |
- |
1 |
- |
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Payments for debt issuance costs |
- |
(13) |
(5) |
(15) |
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Proceeds from debt |
1,335 |
1,596 |
4,776 |
2,148 |
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Repayments of debt |
(2,155) |
(1,597) |
(5,309) |
(2,638) |
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Repurchases for tax withholdings on vesting of equity awards |
(68) |
(1) |
(194) |
(2) |
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Other |
- |
3 |
- |
6 |
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Change in cash from financing activities |
(870) |
(462) |
(1,075) |
(849) |
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Effect of exchange rate changes on cash and cash equivalents |
54 |
(21) |
48 |
52 |
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Change in cash and cash equivalents |
(341) |
1,234 |
(261) |
797 |
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Cash and cash equivalents at beginning of the period, including amounts held for sale |
9,554 |
6,139 |
9,474 |
6,576 |
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Cash and cash equivalents at end of the period |
$ 9,213 |
$ 7,373 |
$ 9,213 |
$ 7,373 |
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Less: Cash included in current assets held for sale |
- |
147 |
- |
147 |
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Cash and cash equivalents from continuing operations |
$ 9,213 |
$ 7,226 |
$ 9,213 |
$ 7,226 |
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