← Dell Technologies Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | ($1.7b) | ($3.9b) | ($2.2b) | $5.5b | $3.5b | $5.7b | $2.4b | $3.2b | $4.6b | $5.9b | |
| Depreciation and amortization | $4.9b | $8.6b | $7.7b | $6.1b | $5.4b | $4.6b | $3.2b | $3.3b | $3.1b | $3.0b | |
| Deferred income taxes | ($2.2b) | ($2.6b) | ($1.3b) | ($6.3b) | ($399.0m) | ($365.0m) | ($717.0m) | ($91.0m) | ($208.0m) | ($60.0m) | |
| Stock-based compensation expense | $398.0m | $835.0m | $918.0m | $1.3b | $1.6b | $1.6b | $931.0m | $878.0m | $785.0m | $723.0m | |
| Other, net | $60.0m | $230.0m | $468.0m | $141.0m | ($88.0m) | ($3.1b) | $961.0m | $609.0m | $453.0m | $714.0m | |
| Accounts receivable | ($1.8b) | ($1.5b) | ($1.1b) | ($286.0m) | ($396.0m) | ($2.2b) | $113.0m | $3.0b | ($1.3b) | ($7.0b) | |
| Financing receivables | ($751.0m) | ($1.7b) | ($1.3b) | ($1.3b) | ($728.0m) | ($241.0m) | ($461.0m) | $309.0m | ($951.0m) | ($2.7b) | |
| Inventories | $1.1b | ($325.0m) | ($1.4b) | $311.0m | ($243.0m) | ($2.5b) | $875.0m | $975.0m | ($3.5b) | ($4.0b) | |
| Other assets and liabilities | — | — | $564.0m | ($1.6b) | ($1.7b) | ($1.9b) | $973.0m | ($1.5b) | $2.3b | $2.0b | |
| Due from/to related party, net | — | — | — | $0 | $0 | $479.0m | $649.0m | ($652.0m) | $0 | $0 | |
| Accounts payable | $751.0m | $3.8b | $952.0m | $894.0m | $1.6b | $5.7b | ($8.5b) | ($335.0m) | $1.7b | $12.7b | |
| Deferred revenue | $2.6b | $3.3b | $3.4b | $3.7b | $2.8b | $2.6b | $3.2b | ($1.0b) | ($2.5b) | ($39.0m) | |
| Change in cash from operating activities | $2.2b | $6.8b | $7.0b | $9.3b | $11.4b | $10.3b | $3.6b | $8.7b | $4.5b | $11.2b | |
| Acquisition of businesses and assets, net | ($37.6b) | ($658.0m) | ($912.0m) | ($2.5b) | $2.2b | $4.0b | ($70.0m) | ($126.0m) | $0 | ($84.0m) | |
| Other | ($48.0m) | ($6.0m) | $0 | $40.0m | $28.0m | $62.0m | $41.0m | $45.0m | $180.0m | $80.0m | |
| Change in cash from investing activities | ($31.3b) | ($2.9b) | $3.4b | ($4.7b) | ($460.0m) | $1.3b | ($3.0b) | ($2.8b) | ($2.2b) | ($2.1b) | |
| Debt-related costs and other, net | $10.0m | $1.0m | $2.0m | ($73.0m) | ($270.0m) | ($1.5b) | ($39.0m) | ($109.0m) | ($64.0m) | ($88.0m) | |
| Change in cash from financing activities | $31.9b | $364.0m | ($14.3b) | ($4.6b) | ($6.0b) | ($16.6b) | ($1.6b) | ($7.1b) | ($5.8b) | ($1.5b) | |
| Capital expenditures and capitalized software development costs | ($699.0m) | ($1.2b) | ($1.2b) | ($2.2b) | ($2.1b) | ($2.8b) | ($3.0b) | ($2.8b) | ($2.7b) | ($2.6b) | |
| Purchases of investments | ($778.0m) | ($4.4b) | ($925.0m) | ($181.0m) | ($338.0m) | ($414.0m) | ($108.0m) | ($172.0m) | ($125.0m) | ($197.0m) | |
| Maturities and sales of investments | $1.2b | $3.9b | $6.6b | $497.0m | $169.0m | $513.0m | $116.0m | $226.0m | $382.0m | $246.0m | |
| Divestitures of businesses and assets, net | — | — | — | — | $2.2b | $4.0b | $0 | $0 | $0 | $533.0m | |
| Proceeds from debt | $46.9b | $14.4b | $13.0b | $20.5b | $16.4b | $20.4b | $12.5b | $7.8b | $9.3b | $15.0b | |
| Repayments of debt | ($17.0b) | ($12.3b) | ($11.5b) | ($22.1b) | ($20.9b) | ($26.7b) | ($9.8b) | ($11.2b) | ($10.6b) | ($8.5b) | |
| Proceeds from the issuance of common stock | $4.4b | $0 | $803.0m | $658.0m | $452.0m | $334.0m | $5.0m | $10.0m | $1.0m | $5.0m | |
| Repurchases of common stock | ($711.0m) | ($729.0m) | ($56.0m) | $0 | ($241.0m) | ($663.0m) | ($3.3b) | ($2.1b) | ($2.6b) | ($6.0b) | |
| Repurchases of common stock for employee tax withholdings | ($93.0m) | ($385.0m) | ($387.0m) | ($547.0m) | — | ($342.0m) | ($398.0m) | ($372.0m) | ($577.0m) | ($390.0m) | |
| Payments of dividends and dividend equivalents | — | — | — | — | $0 | $0 | ($964.0m) | ($1.1b) | ($1.3b) | ($1.5b) | |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | $24.0m | $175.0m | ($189.0m) | ($90.0m) | $36.0m | ($106.0m) | ($104.0m) | ($186.0m) | ($179.0m) | $221.0m | |
| Change in cash, cash equivalents, and restricted cash | $2.9b | $4.5b | ($4.1b) | ($89.0m) | $5.0b | ($5.1b) | ($1.2b) | ($1.4b) | ($3.7b) | $7.9b | |
| Cash, cash equivalents, and restricted cash at beginning of the period | $6.9b | $9.8b | $14.4b | $10.2b | $10.2b | $15.2b | $10.1b | $8.9b | $3.8b | $11.7b | |
| Interest paid | $1.6b | $2.2b | $2.3b | $2.5b | $2.3b | $1.8b | $1.2b | $1.4b | $1.3b | $1.4b | |
| Income tax paid | $978.0m | $924.0m | $747.0m | $1.4b | $1.4b | $1.3b | $1.2b | $1.4b | $555.0m | $1.3b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.