DELL TECHNOLOGIES INC.
| |||
|
| |||
|
| Three Months Ended | ||
|
| May 5, 2023 |
| April 29, 2022 |
Cash flows from operating activities: |
|
|
|
Net income | $ 578 |
| $ 1,069 |
Adjustments to reconcile net income to net cash provided by operating activities: | 1,199 |
| (1,338) |
Change in cash from operating activities | 1,777 |
| (269) |
Cash flows from investing activities: |
|
|
|
Purchases of investments | (15) |
| (52) |
Maturities and sales of equity and other investments | 19 |
| 18 |
Capital expenditures and capitalized software development costs | (701) |
| (690) |
Other | 13 |
| 4 |
Change in cash from investing activities | (684) |
| (720) |
Cash flows from financing activities: |
|
|
|
Proceeds from the issuance of common stock | 2 |
| 4 |
Repurchases of common stock | (240) |
| (1,436) |
Repurchases of common stock - withholdings on employee equity awards | (306) |
| (350) |
Payments of dividends and dividend equivalents | (276) |
| (248) |
Proceeds from debt | 2,521 |
| 3,034 |
Repayments of debt | (3,698) |
| (2,703) |
Debt-related costs and other, net | (5) |
| (7) |
Change in cash from financing activities | (2,002) |
| (1,706) |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (58) |
| (111) |
Change in cash, cash equivalents, and restricted cash | (967) |
| (2,806) |
Cash, cash equivalents, and restricted cash at beginning of the period | 8,894 |
| 10,082 |
Cash, cash equivalents, and restricted cash | $ 7,927 |
| $ 7,276 |
DELL TECHNOLOGIES INC.
| |||||
|
| |||||
|
| Three Months Ended |
|
| ||
|
| May 5, 2023 |
| April 29, 2022 |
| Change |
| Infrastructure Solutions Group (ISG): | |||||
| Net revenue: |
|
|
|
|
|
| Servers and networking | $ 3,837 |
| $ 5,048 |
| (24) % |
| Storage | 3,756 |
| 4,237 |
| (11) % |
| Total ISG net revenue | $ 7,593 |
| $ 9,285 |
| (18) % |
|
|
|
|
|
|
|
| Operating Income: |
|
|
|
|
|
| ISG operating income | $ 740 |
| $ 1,082 |
| (32) % |
| % of ISG net revenue | 9.7 % |
| 11.7 % |
|
|
| % of total reportable segment operating income | 45 % |
| 49 % |
|
|
|
|
|
|
|
|
|
| Client Solutions Group (CSG): | |||||
| Net revenue: |
|
|
|
|
|
| Commercial | $ 9,862 |
| $ 11,971 |
| (18) % |
| Consumer | 2,121 |
| 3,616 |
| (41) % |
| Total CSG net revenue | $ 11,983 |
| $ 15,587 |
| (23) % |
|
|
|
|
|
|
|
| Operating Income: |
|
|
|
|
|
| CSG operating income | $ 892 |
| $ 1,115 |
| (20) % |
| % of CSG net revenue | 7.4 % |
| 7.2 % |
|
|
| % of total reportable segment operating income | 55 % |
| 51 % |
|
|
|
| |||||
| Amounts are based on underlying data and may not visually foot due to rounding. | |||||
