DELL TECHNOLOGIES INC.

Consolidated Statements of Financial Position

(in millions; unaudited)

May 1, 2020

January 31, 2020

ASSETS

Current assets:

Cash and cash equivalents

$

12,229

$

9,302

Accounts receivable, net

10,797

12,484

Short-term financing receivables, net

4,752

4,895

Inventories, net

3,616

3,281

Other current assets

7,437

6,906

Current assets held for sale

2,100

—

Total current assets

40,931

36,868

Property, plant, and equipment, net

6,100

6,055

Long-term investments

974

864

Long-term financing receivables, net

4,710

4,848

Goodwill

40,248

41,691

Intangible assets, net

16,827

18,107

Other non-current assets

10,446

10,428

Total assets

$

120,236

$

118,861

LIABILITIES, REDEEMABLE SHARES, AND STOCKHOLDERS' EQUITY (DEFICIT)

Current liabilities:

Short-term debt

$

8,375

$

7,737

Accounts payable

18,432

20,065

Accrued and other

8,073

9,773

Short-term deferred revenue

14,766

14,881

Current liabilities held for sale

365

—

Total current liabilities

50,011

52,456

Long-term debt

48,353

44,319

Long-term deferred revenue

12,851

12,919

Other non-current liabilities

5,340

5,383

Total liabilities

116,555

115,077

Redeemable shares

441

629

Stockholders' equity (deficit):

Total Dell Technologies Inc. stockholders' deficit

(1,614)

(1,574)

Non-controlling interests

4,854

4,729

Total stockholders' equity (deficit)

3,240

3,155

$

120,236

$

118,861