Dell Technologies Cash Flow Statement

Financials in millions USD. Fiscal year is February - January.

Millions USD. Fiscal year is Feb - Jan.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jan '26 Jan 30, 2026	Jan '25 Jan 31, 2025	Feb '24 Feb 2, 2024	Feb '23 Feb 3, 2023	Jan '22 Jan 28, 2022
Net Income	5,936	4,576	3,372	2,422	5,707
Depreciation & Amortization	-	3,123	3,303	3,156	4,551
Stock-Based Compensation	-	785	878	931	1,622
Other Adjustments	5,249	245	518	244	-3,495
Change in Receivables	-	-2,246	3,286	-348	-2,434
Changes in Inventories	-	-3,515	975	875	-2,514
Changes in Accounts Payable	-	1,703	-498	-8,546	5,742
Changes in Unearned Revenue	-	-2,497	-1,022	3,209	2,597
Changes in Other Operating Activities	-	2,347	-2,136	1,622	-1,469
Operating Cash Flow	11,185	4,521	8,676	3,565	10,307
Operating Cash Flow Growth	147.40%	-47.89%	143.37%	-65.41%	-9.64%
Capital Expenditures	-2,633	-2,652	-2,756	-3,003	-2,796
Purchases of Investments	-197	-125	-172	-108	-414
Proceeds from Sale of Investments	246	382	226	116	513
Payments for Business Acquisitions	-84	-	-126	-70	-16
Proceeds from Business Divestments	533	-	-	-	3,957
Other Investing Activities	80	180	45	41	62
Investing Cash Flow	-2,055	-2,215	-2,783	-3,024	1,306
Long-Term Debt Issued	15,004	9,258	7,775	12,479	20,425
Long-Term Debt Repaid	-8,522	-10,570	-11,246	-9,825	-26,723
Net Long-Term Debt Issued (Repaid)	6,482	-1,312	-3,471	2,654	-6,298
Issuance of Common Stock	5	1	10	5	334
Repurchase of Common Stock	-6,404	-3,165	-2,452	-3,281	-1,838
Net Common Stock Issued (Repurchased)	-6,399	-3,164	-2,442	-3,276	-1,504
Common Dividends Paid	-1,459	-1,275	-1,072	-964	-
Other Financing Activities	-88	-64	-109	-39	-8,807
Financing Cash Flow	-1,464	-5,815	-7,094	-1,625	-16,609
Effect of Exchange Rate Changes on Cash and Cash Equivalents	221	-179	-186	-104	-106
Net Cash Flow	7,887	-3,688	-1,387	-1,188	-5,102
Free Cash Flow	8,552	1,869	5,920	562	7,511
Free Cash Flow Growth	357.57%	-68.43%	953.38%	-92.52%	-19.45%
FCF Margin	7.53%	1.96%	6.69%	0.55%	7.42%
Free Cash Flow Per Share	-	2.60	8.04	0.75	9.50
Levered Free Cash Flow	9,785	1,789	-2,217	2,409	5,376
Unlevered Free Cash Flow	4,027	4,163	2,330	1,647	9,998

Updated Jan 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.