Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Dell Technologies Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	May 2, 2025	Jan 31, 2025	Nov 1, 2024	Aug 2, 2024	May 3, 2024	Feb 2, 2024	Nov 3, 2023	Aug 4, 2023	May 5, 2023	Feb 3, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020	Nov 1, 2019	Aug 2, 2019	May 3, 2019
Short-term debt	4,845)	5,204)	5,612)	6,711)	6,098)	6,982)	6,498)	6,961)	5,470)	6,573)	6,767)	6,647)	5,925)	5,823)	16,280)	6,427)	8,748)	6,362)	6,536)	10,345)	8,375)	7,737)	7,664)	5,949)	4,884)
Accounts payable	25,349)	20,832)	23,400)	24,095)	20,586)	19,389)	19,478)	19,969)	17,796)	18,598)	22,507)	25,339)	25,585)	27,143)	26,772)	23,029)	21,545)	21,696)	19,792)	19,500)	18,432)	20,065)	19,443)	19,411)	18,097)
Due to related party	—)	—)	—)	—)	—)	—)	1,246)	1,252)	594)	2,067)	712)	1,269)	622)	1,414)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Accrued and other	6,321)	6,597)	6,490)	6,374)	6,016)	6,805)	6,449)	6,586)	7,438)	8,874)	7,915)	6,810)	6,598)	7,578)	10,081)	8,808)	7,728)	9,549)	8,715)	8,758)	8,073)	9,773)	8,161)	8,092)	7,455)
Short-term deferred revenue	13,907)	13,673)	13,787)	14,853)	15,034)	15,318)	15,206)	16,174)	15,527)	15,542)	14,106)	14,724)	14,329)	14,261)	16,569)	17,003)	16,835)	16,525)	15,259)	15,341)	14,766)	14,881)	13,787)	13,568)	13,043)
Current liabilities held for sale	—)	221)	211)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	216)	—)	—)	—)	344)	365)	—)	—)	—)	—)
Current liabilities	50,422)	46,527)	49,500)	52,033)	47,734)	48,494)	48,877)	50,942)	46,825)	51,654)	52,007)	54,789)	53,059)	56,219)	69,702)	55,483)	54,856)	54,132)	50,302)	54,288)	50,011)	52,456)	49,055)	47,020)	43,479)
Long-term debt	23,936)	19,363)	19,410)	17,811)	19,382)	19,012)	20,119)	20,177)	22,962)	23,015)	20,562)	20,287)	21,197)	21,131)	31,699)	37,167)	37,935)	41,622)	43,325)	43,608)	48,353)	44,319)	44,727)	45,973)	48,640)
Long-term deferred revenue	12,413)	12,292)	12,424)	12,859)	13,116)	13,827)	13,847)	14,138)	14,168)	14,744)	12,983)	13,301)	13,074)	13,312)	14,885)	14,840)	14,541)	14,276)	13,422)	13,450)	12,851)	12,919)	12,116)	11,780)	11,135)
Other non-current liabilities	3,122)	2,951)	2,807)	2,781)	2,681)	3,065)	2,991)	3,078)	3,063)	3,223)	2,988)	3,153)	3,431)	3,653)	5,197)	5,245)	5,276)	5,360)	5,433)	4,762)	5,340)	5,383)	6,105)	6,628)	6,525)
Non-current liabilities	39,471)	34,606)	34,641)	33,451)	35,179)	35,904)	36,957)	37,393)	40,193)	40,982)	36,533)	36,741)	37,702)	38,096)	51,781)	57,252)	57,752)	61,258)	62,180)	61,820)	66,544)	62,621)	62,948)	64,381)	66,300)
Total liabilities	89,893)	81,133)	84,141)	85,484)	82,913)	84,398)	85,834)	88,335)	87,018)	92,636)	88,540)	91,530)	90,761)	94,315)	121,483)	112,735)	112,608)	115,390)	112,482)	116,108)	116,555)	115,077)	112,003)	111,401)	109,779)
Redeemable shares	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	558)	472)	527)	610)	441)	629)	934)	1,024)	1,774)
Common stock and capital in excess of $0.01 par value	8,957)	9,119)	8,951)	8,782)	8,606)	8,926)	8,742)	8,554)	8,339)	8,424)	8,216)	8,005)	7,777)	7,898)	17,843)	17,510)	16,950)	16,849)	16,719)	16,356)	16,339)	16,091)	16,192)	15,956)	15,179)
Treasury stock at cost	(10,488)	(8,502)	(7,747)	(7,334)	(6,622)	(5,900)	(5,064)	(4,320)	(4,064)	(3,813)	(3,663)	(3,054)	(2,446)	(964)	(305)	(305)	(305)	(305)	(305)	(305)	(305)	(65)	(65)	(65)	(65)
Accumulated deficit	(567)	(1,160)	(2,669)	(3,478)	(4,001)	(4,630)	(5,519)	(6,249)	(6,430)	(6,732)	(7,102)	(7,106)	(7,369)	(8,188)	(8,190)	(12,033)	(12,864)	(13,751)	(14,978)	(15,810)	(16,858)	(16,891)	(17,299)	(17,775)	(21,053)
Accumulated other comprehensive loss	(926)	(939)	(820)	(864)	(805)	(800)	(823)	(757)	(868)	(1,001)	(920)	(705)	(424)	(431)	(394)	(347)	(294)	(314)	(553)	(660)	(790)	(709)	(632)	(565)	(525)
Total Dell Technologies Inc. stockholders’ equity (deficit)	(3,024)	(1,482)	(2,285)	(2,894)	(2,822)	(2,404)	(2,664)	(2,772)	(3,023)	(3,122)	(3,469)	(2,860)	(2,462)	(1,685)	8,954)	4,825)	3,487)	2,479)	883)	(419)	(1,614)	(1,574)	(1,804)	(2,449)	(6,464)
Non-controlling interests	—)	95)	95)	97)	99)	95)	94)	95)	99)	97)	101)	105)	107)	105)	5,240)	5,118)	5,099)	5,074)	5,056)	4,977)	4,854)	4,729)	5,681)	5,544)	4,803)
Total stockholders’ equity (deficit)	(3,024)	(1,387)	(2,190)	(2,797)	(2,723)	(2,309)	(2,570)	(2,677)	(2,924)	(3,025)	(3,368)	(2,755)	(2,355)	(1,580)	14,194)	9,943)	8,586)	7,553)	5,939)	4,558)	3,240)	3,155)	3,877)	3,095)	(1,661)
Total liabilities and stockholders’ equity (deficit)	86,869)	79,746)	81,951)	82,687)	80,190)	82,089)	83,264)	85,658)	84,094)	89,611)	85,172)	88,775)	88,406)	92,735)	135,677)	122,678)	121,752)	123,415)	118,948)	121,276)	120,236)	118,861)	116,814)	115,520)	109,892)

Short-term debt: The short-term debt shows variability with a general pattern of fluctuation over the periods. It peaked notably at 16,280 million USD in October 2021, followed by a downward trend afterwards, reaching 4,845 million USD by May 2025. This indicates episodic borrowing needs or refinancing activities.
Accounts payable: Accounts payable increased steadily from May 2019 through October 2021, reaching a high of 26,772 million USD. Afterward, it presents fluctuations but generally remains elevated in the range of 17,796 to 25,349 million USD towards May 2025, suggesting sustained supplier credit usage.
Due to related party: Data for amounts due to related parties appears sporadically, with notable values in early 2022 and 2023 periods. Values range from several hundred million to over 2,000 million USD, indicating intermittent related party transactions.
Accrued and other liabilities: Accrued and other liabilities fluctuate moderately without a clear sustained trend, oscillating mainly between approximately 6,000 and 10,000 million USD, possibly reflecting variable operational accruals and short-term obligations.
Short-term deferred revenue: Short-term deferred revenue generally trends upward from 13,043 million USD in May 2019, peaking near 17,003 million USD in July 2021. Since then, it fluctuates slightly but maintains a stable level around 13,800 to 15,500 million USD through May 2025, reflecting consistent customer prepayments or contract liabilities.
Current liabilities held for sale: Limited presence of current liabilities held for sale is observed, with small amounts in select periods primarily around 2020 and 2024, indicating occasional disposals or planned sales of business components.
Current liabilities: Current liabilities peaked significantly in October 2021 at 69,702 million USD, driven mostly by spikes in short-term debt and accounts payable. Thereafter, the amounts decreased and stabilized around 46,000 to 52,000 million USD, representing an overall reduction in the short-term obligations.
Long-term debt: Long-term debt demonstrates a distinct downward trend from 48,640 million USD in May 2019 to a low around 17,811 million USD in August 2024, before rising again to 23,936 million USD by May 2025. The overall decline followed by a recent increase may reflect debt repayments and subsequent new financing.
Long-term deferred revenue: This liability exhibits mild fluctuations, increasing from 11,135 million USD in May 2019 to peaks near 14,885 million USD in late 2021, followed by gradual declines to approximately 12,400 million USD by early 2025, indicating moderate changes in long-term contract obligations.
Other non-current liabilities: Other non-current liabilities trend downward from about 6,525 million USD in May 2019 to a low around 2,681 million USD in July 2023, before slightly increasing towards 3,122 million USD by May 2025, highlighting a general reduction in miscellaneous long-term obligations.
Non-current liabilities: Non-current liabilities decrease significantly over the entire period from a high of 66,300 million USD to about 35,179 million USD in July 2023, with a modest rebound later to nearly 39,471 million USD by May 2025. This reflects substantial debt repayments or liability reclassifications.
Total liabilities: Total liabilities maintain a generally stable pattern, peaking at around 121,483 million USD in October 2021, then declining steadily to near 82,913 million USD in July 2023, followed by some fluctuations around 81,000 to 89,893 million USD through May 2025.
Redeemable shares: Redeemable shares decline steadily from 1,774 million USD in May 2019 to near zero post-October 2021, indicating redemption or conversion activities in this equity category.
Common stock and capital in excess: Common stock and capital show a growth trend overall, increasing from approximately 15,179 million USD to around 9,119 million USD by May 2025, although there is an apparent discrepancy in reported amounts post-2021 possibly due to reclassification or accounting changes.
Treasury stock at cost: Treasury stock costs increase substantially in absolute terms, reflecting increased repurchases or holdings of treasury shares, from a minimal (negative) 65 million USD to -10,488 million USD by May 2025.
Accumulated deficit: The accumulated deficit consistently decreases from -21,053 million USD to just -567 million USD, reflecting ongoing improvements in retained earnings or net income accumulation reducing the deficit significantly.
Accumulated other comprehensive loss: This item fluctuates modestly over time with its highest negative value around -1,001 million USD in October 2022 and remaining near -926 million USD by May 2025, indicating relatively stable but negative comprehensive loss elements.
Total stockholders’ equity (deficit): The total stockholders’ equity displays volatility. It increased positively up to 14,194 million USD in October 2021 but then declines into negative territory subsequently, indicating periods of strong equity accumulation followed by notable equity reductions potentially due to losses or other adjustments.
Non-controlling interests: Non-controlling interests remain relatively stable across the periods, hovering near 95 to 5,240 million USD, with a sharp drop after October 2021, possibly due to disposal or reclassification of minority interests.
Total stockholders’ equity (deficit): Aggregate stockholders’ equity (including non-controlling interests) ranges from negative 1,661 million USD up to positive 14,194 million USD before returning to negative approximately -3,024 million USD by the latest period, reflecting high volatility and potential restructuring effects on equity.
Total liabilities and stockholders’ equity: The combined total assets and liabilities show a generally stable range around 109,892 million USD to around 135,677 million USD, dipping sharply post-2021 and partially recovering by May 2025, indicating changes in balance sheet size and capital structure over time.

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Dell Technologies Inc. (NYSE:DELL)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data