Dell Technologies Inc. (DELL) FY2025 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-02-03 to 2025-01-31

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Dell Technologies Inc. cash flow reconciliation, Feb 3, 2024 through Jan 31, 2025One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $4,521,000,000.00Net income → Operating adjustments reconciliation: $55,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $3,123,000,000.00Other assets and liabilities → Operating adjustments reconciliation: $2,347,000,000.00Accounts payable → Operating adjustments reconciliation: $1,703,000,000.00Stock-based compensation expense → Operating adjustments reconciliation: $785,000,000.00Other, net → Operating adjustments reconciliation: $453,000,000.00Operating adjustments reconciliation → Inventories: $3,515,000,000.00Operating adjustments reconciliation → Deferred revenue: $2,497,000,000.00Operating adjustments reconciliation → Accounts receivable: $1,295,000,000.00Operating adjustments reconciliation → Financing receivables: $951,000,000.00Operating adjustments reconciliation → Deferred income taxes: $208,000,000.00Maturities and sales of investments → investing reconciliation: $382,000,000.00Other → investing reconciliation: $180,000,000.00investing reconciliation → Capital expenditures and capitalized software development costs: $2,652,000,000.00investing reconciliation → Purchases of investments: $125,000,000.00Net cash used in financing activities → financing reconciliation: $5,815,000,000.00Proceeds from debt → financing reconciliation: $9,258,000,000.00Proceeds from the issuance of common stock → financing reconciliation: $1,000,000.00financing reconciliation → Repayments of debt: $10,570,000,000.00financing reconciliation → Repurchases of common stock: $2,588,000,000.00financing reconciliation → Payments of dividends and dividend equivalents: $1,275,000,000.00financing reconciliation → Repurchases of common stock for employee tax withholdings: $577,000,000.00financing reconciliation → Debt-related costs and other, net: $64,000,000.00Net cash used in investing activities → investing reconciliation: $2,215,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations → Cash sources and uses: $7,507,000,000.00Net cash from operating activities → Cash sources and uses: $4,521,000,000.00Cash sources and uses → Exchange-rate effect: $179,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $3,819,000,000.00Cash sources and uses → Net cash used in investing activities: $2,215,000,000.00Cash sources and uses → Net cash used in financing activities: $5,815,000,000.00Net income: $4,576,000,000.00Net income+$4.58 BDepreciation and amortization: $3,123,000,000.00Depreciation & amortization+$3.12 BStock-based compensation expense: $785,000,000.00Stock-based compensation+$785.00 MDeferred income taxes: -$208,000,000.00Deferred taxes & credits−$208.00 MOther, net: $453,000,000.00Other non-cash items+$453.00 MAccounts receivable: -$1,295,000,000.00Accounts receivable−$1.30 BFinancing receivables: -$951,000,000.00Finance receivables, net−$951.00 MInventories: -$3,515,000,000.00Inventories−$3.52 BOther assets and liabilities: $2,347,000,000.00Other working capital, net+$2.35 BAccounts payable: $1,703,000,000.00Accounts payable+$1.70 BDeferred revenue: -$2,497,000,000.00Deferred revenue−$2.50 BDue from/to related party, net: $0.00Net cash from operating activities: $4,521,000,000.00Operating cash+$4.52 BOperating adjustments reconciliation: $8,466,000,000.00Payments of dividends and dividend equivalents: -$1,275,000,000.00Common dividends paid−$1.28 BRepayments of debt: -$10,570,000,000.00Long-term debt repaid−$10.57 BDebt-related costs and other, net: -$64,000,000.00Other financing, net−$64.00 MRepurchases of common stock for employee tax withholdings: -$577,000,000.00Stock-award tax withholding−$577.00 MProceeds from debt: $9,258,000,000.00Long-term debt issued+$9.26 BProceeds from the issuance of common stock: $1,000,000.00Proceeds from the issuance of common stock+$1.00 MRepurchases of common stock: -$2,588,000,000.00Common stock repurchases−$2.59 BNet cash used in financing activities: -$5,815,000,000.00. Cash required to fund net payments.Financing cash−$5.82 Bfinancing reconciliation: $15,074,000,000.00Purchases of investments: -$125,000,000.00Investment purchases−$125.00 MOther: $180,000,000.00Other investing, net+$180.00 MCapital expenditures and capitalized software development costs: -$2,652,000,000.00PP&E purchases−$2.65 BMaturities and sales of investments: $382,000,000.00Investment sales & maturities+$382.00 MAcquisition of businesses and assets, net: $0.00Net cash used in investing activities: -$2,215,000,000.00. Cash required to fund net payments.Investing cash−$2.22 Binvesting reconciliation: $2,777,000,000.00Cash sources and uses: $12,028,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $7,507,000,000.00Beginning cash$7.51 BEnding cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $3,819,000,000.00Ending cash$3.82 BExchange-rate effect: -$179,000,000.00FX effect−$179.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$1.87 BOperating cash − cash spent on PP&ECash flow / Net income0.99×Operating cash flow ÷ net incomeNet cash change−$3.69 BEnding cash − beginning cash
Chart details

Dell Technologies Inc. cash flow reconciliation, Feb 3, 2024 through Jan 31, 2025

Cash flows for Feb 3, 2024 through Jan 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Beginning cash: Feb 2, 2024. Ending cash: Jan 31, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Feb 2, 2024
7,507,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Operating activities
4,521,000,000 US dollars. Net cash provided.
Net income
4,576,000,000 US dollars
Depreciation and amortization
3,123,000,000 US dollars
Stock-based compensation expense
785,000,000 US dollars
Deferred income taxes
negative 208,000,000 US dollars
Other, net
453,000,000 US dollars
Accounts receivable
negative 1,295,000,000 US dollars
Financing receivables
negative 951,000,000 US dollars
Inventories
negative 3,515,000,000 US dollars
Other assets and liabilities
2,347,000,000 US dollars
Accounts payable
1,703,000,000 US dollars
Deferred revenue
negative 2,497,000,000 US dollars
Due from/to related party, net
0 US dollars
Investing activities
negative 2,215,000,000 US dollars. Net cash used.
Purchases of investments
negative 125,000,000 US dollars
Other
180,000,000 US dollars
Capital expenditures and capitalized software development costs
negative 2,652,000,000 US dollars
Maturities and sales of investments
382,000,000 US dollars
Acquisition of businesses and assets, net
0 US dollars
Financing activities
negative 5,815,000,000 US dollars. Net cash used.
Payments of dividends and dividend equivalents
negative 1,275,000,000 US dollars
Repayments of debt
negative 10,570,000,000 US dollars
Debt-related costs and other, net
negative 64,000,000 US dollars
Repurchases of common stock for employee tax withholdings
negative 577,000,000 US dollars
Proceeds from debt
9,258,000,000 US dollars
Proceeds from the issuance of common stock
1,000,000 US dollars
Repurchases of common stock
negative 2,588,000,000 US dollars
Operating adjustment reconciliation
8,466,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
15,074,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
2,777,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 179,000,000 US dollars
Ending cash on Jan 31, 2025
3,819,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Cash sources and uses
12,028,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 3,688,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.99×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
4,521,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
2,652,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
1,869,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $4.52B of net income directly to operating cash and $55.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 4,521,000,000 US dollars minus 2,652,000,000 US dollars equals 1,869,000,000 US dollars.
Dell Technologies Inc. (DELL) FY2025 Annual Statement of Cash Flows Sankey chart
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