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	4,592	3,388	2,442	5,563
Depreciation & Amortization	497	2,798	2,887	2,839	4,288
Other Amortization	-	325	416	317	263
Loss (Gain) From Sale of Assets	-	-	-	-	-3,968
Stock-Based Compensation	-	785	878	931	1,622
Other Operating Activities	4,752	229	502	224	617
Change in Accounts Receivable	-	-1,295	2,977	113	-2,193
Change in Inventory	-	-3,515	975	875	-2,514
Change in Accounts Payable	-	1,703	-498	-8,546	5,742
Change in Unearned Revenue	-	-2,497	-1,022	3,209	2,597
Change in Other Net Operating Assets	-	1,396	-1,827	1,161	-1,710
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
Cash Acquisitions	-84	-	-126	-70	-16
Divestitures	533	-	-	-	3,957
Investment in Securities	49	257	54	8	99
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 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
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
Foreign Exchange Rate Adjustments	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%
Free Cash Flow Margin	7.53%	1.96%	6.69%	0.55%	7.42%
Free Cash Flow Per Share	12.51	2.60	8.04	0.75	9.50
Cash Interest Paid	-	1,304	1,438	1,169	1,825
Cash Income Tax Paid	-	555	1,379	1,208	1,257
Levered Free Cash Flow	-1,361	-244	6,449	377.5	6,675
Unlevered Free Cash Flow	-806.88	627.25	7,387	1,141	7,639
Change in Working Capital	-	-4,208	605	-3,188	1,922

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