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Dell Technologies Inc. (DELL)
NYSE: DELL · Real-Time Price · USD
524.14
+7.75 (1.50%)
At close: Sep 4, 2026, 4:00 PM EDT
518.95
-5.19 (-0.99%)
Pre-market: Sep 8, 2026, 5:30 AM EDT

Dell Technologies Cash Flow Statement

Millions USD. Fiscal year is Feb - Jan.

Operating Activities

Fiscal Quarter
Q2 2027Q1 2027Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022
Period Ending
Jul '26 May '26 Jan '26 Oct '25 Aug '25 May '25 Jan '25 Nov '24 Aug '24 May '24 Feb '24 Nov '23 Aug '23 May '23 Feb '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Net Income
11,3788,4095,9365,2104,8374,5604,5924,3964,2273,8023,3882,6651,9041,9532,4421,8305,4285,7485,5636,788
Depreciation & Amortization
2,6812,7592,7392,7052,7142,7362,7982,7742,8312,8782,8872,9993,0092,9222,8392,8693,2793,7754,2884,779
Other Amortization
290290290325325325325416416416416317317317317263263263263315
Loss (Gain) From Sale of Assets
----------------3,968-3,968-3,968-3,968-
Stock-Based Compensation
7237227237207537657858028318638789039119249319191,1561,4191,6221,796
Other Operating Activities
-3,7633946544673882552294233311845025964397742245,1251,171478617-4,447
Change in Accounts Receivable
-7,022-16,044-7,022-528-3,666-1,287-1,295-1,571-1,2086602,9771,8273,0212,249113197-2,852-3,179-2,193-2,868
Change in Inventory
-3,987-7,968-3,987-602-1,613-3,013-3,515-3,550-2,592-9459752,5632,0381,978875-936-1,836-2,537-2,514-2,108
Change in Accounts Payable
12,66519,81512,6656473,5925,0091,7032,4652,8011,433-498-3,068-5,419-7,771-8,546-3,8732,6894,3665,7426,963
Change in Unearned Revenue
-39855-39-1,422-1,697-1,977-2,497-2,805-2,325-1,177-1,0221,6221,9922,1353,2092,3352,6382,5112,5972,848
Change in Other Net Operating Assets
-7743,238-774-4261,844-1,0991,3962,119756-172-1,827-567-1111301,161-817-1,169-1,076-1,710-975
Operating Cash Flow
12,15212,47011,1857,0967,4776,2744,5215,4696,0687,9428,6769,8578,1015,6113,5653,9446,7997,80010,30713,091
Operating Cash Flow Growth (YoY)
62.52%98.76%147.40%29.75%23.22%-21.00%-47.89%-44.52%-25.10%41.54%143.37%149.92%19.15%-28.06%-65.41%-69.87%-47.02%-45.99%-9.64%44.84%

Investing Activities

Fiscal Quarter
Q2 2027Q1 2027Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022
Period Ending
Jul '26 May '26 Jan '26 Oct '25 Aug '25 May '25 Jan '25 Nov '24 Aug '24 May '24 Feb '24 Nov '23 Aug '23 May '23 Feb '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Capital Expenditures
-3,592-3,028-2,633-2,647-2,617-2,624-2,652-2,644-2,709-2,651-2,756-2,788-2,831-3,014-3,003-2,984-3,036-2,861-2,796-2,554
Cash Acquisitions
-84-84-84----1-126-126-126-197-70-70-70---6-16-35
Divestitures
--533533533533----------3,9573,9573,9573,957
Investment in Securities
-130-849-3839111257301192130541734468-3722-4599163
Other Investing Activities
9086801141001331801361369245585250414653606236
Investing Cash Flow
-3,716-3,034-2,055-2,038-1,945-1,847-2,215-2,206-2,507-2,555-2,783-2,910-2,815-2,988-3,024-2,9759961,1051,3061,567

Financing Activities

Fiscal Quarter
Q2 2027Q1 2027Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022
Period Ending
Jul '26 May '26 Jan '26 Oct '25 Aug '25 May '25 Jan '25 Nov '24 Aug '24 May '24 Feb '24 Nov '23 Aug '23 May '23 Feb '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Long-Term Debt Issued
--15,004---9,258---7,775---12,479---20,425-
Total Debt Issued
14,58511,16115,00414,41711,59512,5749,2589,4848,0538,2467,77510,60410,66911,96612,47916,16722,95520,73320,42514,656
Long-Term Debt Repaid
---8,522----10,570----11,246----9,825----26,723-
Total Debt Repaid
-8,903-9,000-8,522-8,377-7,600-9,403-10,570-11,074-10,558-11,025-11,246-11,512-10,665-10,820-9,825-21,733-24,542-25,356-26,723-16,744
Net Debt Issued (Repaid)
5,6822,1616,4826,0403,9953,171-1,312-1,590-2,505-2,779-3,471-90841,1462,654-5,566-1,587-4,623-6,298-2,088
Issuance of Common Stock
555511137810843513153178334389
Repurchase of Common Stock
-9,106-6,237-6,404-5,297-4,482-4,276-3,165-3,310-3,600-3,127-2,452-1,739-1,617-2,041-3,281-3,726-3,122-2,440-1,838-36
Common Dividends Paid
-1,566-1,527-1,459-1,424-1,385-1,335-1,275-1,225-1,179-1,132-1,072-1,047-1,019-992-964-728-490-248--
Other Financing Activities
-87-57-88-86-63-62-64-121-97-139-109-76-74-37-39-8,712-9,004-9,544-8,807-1,760
Financing Cash Flow
-5,072-5,655-1,464-762-1,934-2,501-5,815-6,243-7,374-7,169-7,094-3,762-2,702-1,921-1,625-18,719-14,050-16,677-16,609-3,495

Net Cash Flow

Fiscal Quarter
Q2 2027Q1 2027Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022
Period Ending
Jul '26 May '26 Jan '26 Oct '25 Aug '25 May '25 Jan '25 Nov '24 Aug '24 May '24 Feb '24 Nov '23 Aug '23 May '23 Feb '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Foreign Exchange Rate Adjustments
821192213322-35-179-64-166-183-18639-27-51-104-395-279-212-10649
Net Cash Flow
3,4463,9007,8874,3293,6201,891-3,688-3,044-3,979-1,965-1,3873,2242,557651-1,188-18,145-6,534-7,984-5,10211,212

Free Cash Flow

Fiscal Quarter
Q2 2027Q1 2027Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022
Period Ending
Jul '26 May '26 Jan '26 Oct '25 Aug '25 May '25 Jan '25 Nov '24 Aug '24 May '24 Feb '24 Nov '23 Aug '23 May '23 Feb '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Free Cash Flow
8,5609,4428,5524,4494,8603,6501,8692,8253,3595,2915,9207,0695,2702,5975629603,7634,9397,51110,537
Free Cash Flow Growth (YoY)
76.13%158.69%357.57%57.49%44.69%-31.01%-68.43%-60.04%-36.26%103.73%953.38%636.35%40.05%-47.42%-92.52%-90.89%-64.50%-59.82%-19.45%56.01%
Free Cash Flow Margin
5.66%7.05%7.53%4.27%4.79%3.77%1.96%3.01%3.66%5.90%6.69%7.76%5.63%2.67%0.55%0.91%3.52%4.72%7.42%11.48%
Free Cash Flow Per Share
12.8914.0412.506.406.905.112.603.904.607.218.049.597.153.500.751.244.816.259.5013.46
Levered Free Cash Flow
173.55,4346,6073,0351,7661,894-2672,2113,3135,4266,4496,1296,5122,680377.5-3,422-1,845-136,6757,431
Unlevered Free Cash Flow
889.136,4327,5823,9682,6522,772604.253,1014,2346,3257,3877,0767,3973,5321,141-2,720-1,060845.757,6398,338

Additional Metrics

Fiscal Quarter
Q2 2027Q1 2027Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022
Period Ending
Jul '26 May '26 Jan '26 Oct '25 Aug '25 May '25 Jan '25 Nov '24 Aug '24 May '24 Feb '24 Nov '23 Aug '23 May '23 Feb '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Cash Interest Paid
1,3541,3541,3541,3041,3041,3041,3041,4381,4381,4381,4381,1691,1691,1691,1691,8251,8251,8251,8252,279
Cash Income Tax Paid
1,2611,2611,2615555555555551,3791,3791,3791,3791,2081,2081,2081,2081,2571,2571,2571,2571,421
Change in Working Capital
843-104843-2,331-1,540-2,367-4,208-3,342-2,568-2016052,3771,521-1,279-3,188-3,094-530851,9223,860
SEC Filings: 10-K · 10-Q