Dell Technologies Cash Flow Statement

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

Millions USD. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Jan '25 Jan 31, 2025	Feb '24 Feb 2, 2024	Feb '23 Feb 3, 2023	Jan '22 Jan 28, 2022	Jan '21 Jan 29, 2021
Net Income	5,210	4,592	3,388	2,442	5,563	3,250
Depreciation & Amortization	2,705	2,798	2,887	2,839	4,288	5,075
Other Amortization	325	325	416	317	263	315
Loss (Gain) From Sale of Assets	-	-	-	-	-3,968	-
Stock-Based Compensation	720	785	878	931	1,622	1,609
Other Operating Activities	467	229	502	224	617	-232
Change in Accounts Receivable	-528	-1,295	2,977	113	-2,193	-396
Change in Inventory	-602	-3,515	975	875	-2,514	-243
Change in Accounts Payable	647	1,703	-498	-8,546	5,742	1,598
Change in Unearned Revenue	-1,422	-2,497	-1,022	3,209	2,597	2,815
Change in Other Net Operating Assets	-426	1,396	-1,827	1,161	-1,710	-2,384
Operating Cash Flow	7,096	4,521	8,676	3,565	10,307	11,407
Operating Cash Flow Growth	29.75%	-47.89%	143.37%	-65.41%	-9.64%	22.78%
Capital Expenditures	-2,647	-2,652	-2,756	-3,003	-2,796	-2,082
Cash Acquisitions	-	-	-126	-70	-16	-424
Divestitures	533	-	-	-	3,957	2,187
Investment in Securities	-38	257	54	8	99	-169
Other Investing Activities	114	180	45	41	62	28
Investing Cash Flow	-2,038	-2,215	-2,783	-3,024	1,306	-460
Long-Term Debt Issued	-	9,258	7,775	12,479	20,425	16,391
Long-Term Debt Repaid	-	-10,570	-11,246	-9,825	-26,723	-20,919
Net Debt Issued (Repaid)	6,040	-1,312	-3,471	2,654	-6,298	-4,528
Issuance of Common Stock	5	1	10	5	334	452
Repurchase of Common Stock	-5,297	-3,165	-2,452	-3,281	-1,838	-241
Common Dividends Paid	-1,424	-1,275	-1,072	-964	-	-
Other Financing Activities	-86	-64	-109	-39	-8,807	-1,633
Financing Cash Flow	-762	-5,815	-7,094	-1,625	-16,609	-5,950
Foreign Exchange Rate Adjustments	33	-179	-186	-104	-106	36
Net Cash Flow	4,329	-3,688	-1,387	-1,188	-5,102	5,033
Free Cash Flow	4,449	1,869	5,920	562	7,511	9,325
Free Cash Flow Growth	57.49%	-68.43%	953.38%	-92.52%	-19.45%	38.87%
Free Cash Flow Margin	4.27%	1.96%	6.69%	0.55%	7.42%	10.76%
Free Cash Flow Per Share	6.40	2.60	8.04	0.75	9.50	12.16
Cash Interest Paid	1,304	1,304	1,438	1,169	1,825	2,279
Cash Income Tax Paid	555	555	1,379	1,208	1,257	1,421
Levered Free Cash Flow	3,035	-244	6,449	377.5	6,675	2,219
Unlevered Free Cash Flow	3,968	627.25	7,387	1,141	7,639	3,501
Change in Working Capital	-2,331	-4,208	605	-3,188	1,922	1,390

Source: S&P Global Market Intelligence. Standard template. Financial Sources.