DELL TECHNOLOGIES INC.
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| Three Months Ended |
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| April 30, 2021 |
| May 1, 2020 |
| Change | ||||
Net income | $ | 938 |
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| $ | 182 |
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| 415% |
Non-GAAP adjustments: |
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Amortization of intangibles | 709 |
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| 855 |
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Impact of purchase accounting | 25 |
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| 63 |
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Transaction-related expenses | 51 |
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| (44) |
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Stock-based compensation expense | 435 |
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| 370 |
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Other corporate expenses | 119 |
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| 95 |
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Fair value adjustments on equity investments | (157) |
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| (94) |
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Aggregate adjustment for income taxes | (301) |
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| (284) |
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Non-GAAP net income | $ | 1,819 |
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| $ | 1,143 |
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| 59% |
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Net income | $ | 938 |
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| $ | 182 |
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| 415% |
Adjustments: |
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Interest and other, net | 388 |
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| 566 |
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Income tax expense (benefit) | 49 |
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| (46) |
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Depreciation and amortization | 1,239 |
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| 1,316 |
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EBITDA | $ | 2,614 |
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| $ | 2,018 |
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| 30% |
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EBITDA | $ | 2,614 |
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| $ | 2,018 |
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| 30% |
Adjustments: |
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Stock-based compensation expense | 435 |
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| 370 |
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| Impact of purchase accounting | 16 |
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| 48 |
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| Transaction-related expenses | 51 |
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| 76 |
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| Other corporate expenses | 119 |
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| 95 |
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| Adjusted EBITDA | $ | 3,235 |
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| $ | 2,607 |
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| 24% |
