Dell Technologies Inc. (DELL) quarterly cash flow statement — complete operating, investing & financing history
Dell Technologies Inc. (DELL) cash flow statement — 13-year operating, investing & financing cash flows
| Metric | Q2'27 | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|
| Cash from Operations | 2.23B | 4.08B | 4.67B | 1.17B | 2.54B | 2.8B | 585M | 1.55B | 1.34B | 1.04B | 1.53B | 2.15B | 3.21B | 1.78B | 2.71B | 396M | 724M | -269M | 3.09B | 3.25B |
| Operating CF Margin % | 4.74% | 9.31% | 14% | 4.34% | 8.54% | 11.96% | 2.46% | 6.37% | 5.35% | 4.69% | 6.87% | 9.67% | 14.01% | 8.49% | 10.84% | 1.6% | 2.74% | -1.03% | 13.94% | 12.3% |
| Operating CF Growth % | -12.5% | 45.96% | 698.97% | -24.53% | 89.78% | 168.07% | -61.84% | -27.83% | -58.31% | -41.31% | -43.52% | 443.43% | 343.92% | 760.59% | -12.25% | -87.82% | -58.03% | -112.02% | -47.37% | 8.58% |
| Net Income | 4.13B | 3.44B | 2.26B | 1.55B | 1.16B | 965M | 1.65B | 1.13B | 804M | 992M | 1.16B | 1B | 455M | 578M | 606M | 241M | 506M | 1.07B | 1M | 3.89B |
| Depreciation & Amortization | 0 | 0 | 773M | 756M | 762M | 738M | 774M | 765M | 784M | 800M | 841M | 822M | 831M | 809M | 854M | 832M | 744M | 726M | 830M | 1.24B |
| Stock-Based Compensation | 0 | 0 | 189M | 165M | 179M | 190M | 186M | 198M | 191M | 210M | 203M | 227M | 223M | 225M | 228M | 235M | 236M | 232M | 216M | 472M |
| Deferred Taxes | 0 | 0 | -45M | 112M | 129M | -256M | 214M | -78M | -17M | -327M | 153M | -50M | -101M | -93M | 28M | -363M | -136M | -246M | 85M | -150M |
| Other Non-Cash Items | 849M | 643M | 277M | 48M | 215M | 174M | -168M | 164M | 233M | 224M | 88M | 41M | 172M | 308M | 313M | 199M | 540M | -91M | 1.18B | -4.02B |
| Working Capital Changes | -2.76B | 0 | 1.22B | -1.46B | 94M | 985M | -2.07B | -623M | -655M | -856M | -910M | 108M | 1.63B | -50M | 685M | -748M | -1.17B | -1.96B | 779M | 1.82B |
| Change in Receivables | -3.76B | 0 | -6.79B | 2.17B | -5.86B | 714M | 204M | 405M | -3.37B | 518M | 324M | 1.11B | -1.51B | 3.37B | -865M | 1.36B | -1.99B | 1.14B | -1.08B | -1.27B |
| Change in Inventory | -6.22B | 0 | -3.58B | 206M | 119M | -734M | -193M | -805M | -1.28B | -1.24B | -228M | 153M | 366M | 684M | 1.36B | -372M | 306M | -419M | -451M | -1.27B |
| Change in Payables | 4.54B | 0 | 9.75B | -3.7B | 2.1B | 4.51B | -2.39B | -712M | 3.6B | 1.21B | -1.35B | -415M | 2.15B | -726M | -4.08B | -2.77B | -199M | -1.5B | 593M | 3.8B |
| Cash from Investing | -1.34B | -1.07B | -695M | -617M | -655M | -88M | -678M | -524M | -557M | -456M | -669M | -825M | -605M | -684M | -796M | -730M | -778M | -720M | -747M | 3.24B |
| Capital Expenditures | 0 | -963M | -721M | -669M | -675M | -568M | -735M | -639M | -682M | -596M | -727M | -704M | -624M | -701M | -759M | -747M | -807M | -690M | -740M | -799M |
| CapEx % of Revenue | 2.64% | 2.2% | 2.16% | 2.48% | 2.27% | 2.43% | 3.09% | 2.62% | 2.73% | 2.68% | 3.26% | 3.16% | 2.72% | 3.35% | 3.03% | 3.02% | 3.05% | 2.64% | 3.33% | 3.02% |
| Acquisitions | 0 | 0 | -84M | 0 | 0 | 533M | 0 | 0 | 0 | 0 | 1M | -127M | 0 | 0 | -70M | 0 | 0 | 0 | 0 | 3.96B |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -1.22B | 19M | 20M | 27M | 20M | 13M | 54M | 13M | 53M | 60M | 10M | 13M | 9M | 13M | 23M | 7M | 7M | 4M | 28M | 14M |
| Cash from Financing | -882M | -2.95B | -2.09B | 857M | -1.47B | 1.24B | -1.39B | -315M | -2.03B | -2.08B | -1.82B | -1.45B | -1.83B | -2B | 1.51B | -386M | -1.05B | -1.71B | -15.58B | 4.28B |
| Debt Issued (Net) | 3.37B | -323M | 111M | 2.52B | -152M | 4B | -331M | 480M | -976M | -485M | -609M | -435M | -1.25B | -1.18B | 1.95B | 477M | -108M | 331M | -6.27B | 4.46B |
| Equity Issued (Net) | -3.81B | -1.63B | -1.47B | -1.26B | -944M | -2.33B | -751M | -454M | -738M | -1.22B | -896M | -744M | -264M | -544M | -183M | -622M | -689M | -1.78B | -621M | -74M |
| Dividends Paid | -405M | -464M | -346M | -351M | -366M | -396M | -311M | -312M | -316M | -336M | -261M | -266M | -269M | -276M | -236M | -238M | -242M | -248M | 0 | 0 |
| Share Repurchases | -3.8B | -1.63B | -1.47B | -1.27B | -945M | -2.33B | -751M | -454M | -739M | -1.22B | -896M | -744M | -266M | -546M | -183M | -622M | -690M | -1.79B | -629M | -214M |
| Other Financing | -32M | -539M | -390M | -52M | -3M | -33M | 2M | -29M | -2M | -35M | -53M | -1M | -44M | -5M | -22M | -3M | -7M | -7M | -8.69B | -99M |
| Net Change in Cash | -184M | 47M | 1.97B | 1.44B | 438M | 4.03B | -1.58B | 733M | -1.29B | -1.54B | -941M | -202M | 723M | -967M | 3.67B | -869M | -1.18B | -2.81B | -13.29B | 10.75B |
| Free Cash Flow | 986M | 3.12B | 3.95B | 503M | 1.87B | 2.23B | -150M | 914M | 658M | 447M | 806M | 1.45B | 2.59B | 1.08B | 1.96B | -351M | -83M | -959M | 2.35B | 2.45B |
| FCF Margin % | 2.1% | 7.11% | 11.84% | 1.86% | 6.27% | 9.53% | -0.63% | 3.75% | 2.63% | 2.01% | 3.61% | 6.51% | 11.29% | 5.14% | 7.81% | -1.42% | -0.31% | -3.67% | 10.6% | 9.28% |
| FCF Growth % | -47.22% | 39.95% | 2735.33% | -44.97% | 183.89% | 398.43% | -118.61% | -36.88% | -74.59% | -58.46% | -58.77% | 512.54% | 3220.48% | 212.2% | -16.91% | -114.31% | -107.59% | -159.45% | -56.26% | -2.47% |
| FCF per Share | 1.51 | 4.75 | 5.90 | 0.74 | 2.66 | 3.17 | -0.21 | 1.26 | 0.91 | 0.61 | 1.10 | 1.96 | 3.51 | 1.46 | 2.66 | -0.47 | -0.11 | -1.23 | 3.08 | 3.11 |
| FCF Conversion (FCF/Net Income) | 0.54x | 1.19x | 2.07x | 0.76x | 2.18x | 2.90x | 0.38x | 1.37x | 1.58x | 1.05x | 1.32x | 2.14x | 6.96x | 3.05x | 4.42x | 1.62x | 1.42x | -0.25x | 1546.50x | 0.85x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |