Cash Flow Statement
Quarterly Data
The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
Paying user area
Try for free
Dell Technologies Inc. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2019
- Net Profit Margin since 2019
- Price to Sales (P/S) since 2019
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Dell Technologies Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Dell Technologies Inc., consolidated cash flow statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-10-31), 10-Q (reporting date: 2025-08-01), 10-Q (reporting date: 2025-05-02), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-11-01), 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03).
- Net Income
- Net income displays considerable volatility across the periods, with intermittent sharp increases and declines. Notably, there is a peak in late 2019, followed by fluctuations and a moderate upward trend in recent quarters, reaching another high in late 2025.
- Depreciation and Amortization
- This expense remains relatively stable throughout the periods, showing a gradual decline starting from early 2022. The trend suggests steady asset usage with slightly reduced amortization or depreciation over the long term.
- Stock-based Compensation Expense
- Stock-based compensation exhibits mild fluctuations, peaking around mid-2021, then trending slightly downward but remaining within a consistent range. This indicates a relatively steady policy on employee compensation in equity.
- Deferred Income Taxes
- The deferred income taxes row reflects variability without a clear trend, oscillating between negative and positive values. This points to fluctuating tax-related timing differences, likely influenced by changes in tax regulations or company tax planning strategies.
- Other, Net
- This item is marked by irregular swings, including substantial positive and negative values, particularly notable in late 2021 with a significant negative amount. The inconsistency suggests episodic adjustments or one-off transactions.
- Accounts Receivable
- Accounts receivable figures alternate markedly between positive and negative values, pointing to significant timing differences in collections and credit management. Recent periods show improved positive balances, indicating potentially enhanced collections or sales activity.
- Financing Receivables
- Financing receivables remain generally small and fluctuate between positive and negative, reflecting variability in financing arrangements or adjustments in related receivables.
- Inventories
- Inventory levels fluctuate substantially, with frequent shifts between positive and negative values, including marked reductions in some quarters. These changes may indicate inventory management challenges or changing demand cycles.
- Other Assets and Liabilities
- This item demonstrates pronounced volatility with large positive and negative swings, including a steep increase around late 2025. Such variations could be due to reclassifications, impairments, or other significant balance sheet adjustments.
- Due From/To Related Party, Net
- Data is limited to certain periods but shows significant fluctuations both positive and negative, indicating active intercompany transactions with notable balances unsettled at times.
- Accounts Payable
- Accounts payable exhibits wide-ranging changes, frequently switching from negative to positive large values. The trend suggests variable supplier payment timing and possible strategic working capital adjustments.
- Deferred Revenue
- Deferred revenue displays a highly inconsistent pattern, with sharp increases and decreases, reflecting variability in revenue recognition timing, possibly tied to contract changes or shifts in billing schedules.
- Changes in Assets and Liabilities
- The changes in assets and liabilities fluctuate broadly, with both large positive and negative amounts, indicating dynamic movements in working capital components and possibly reflecting responses to external economic conditions.
- Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities
- This line shows substantial positive values in numerous quarters, underlying non-cash expenses or other adjustments that significantly impact the reconciliation between net income and operational cash flow, with some intermittent negative adjustments.
- Change in Cash from Operating Activities
- Operating cash flow trends generally positive and robust, with notable spikes in some quarters, implying strong cash generation from core business despite the volatility in net income and working capital movements.
- Purchases and Maturities/Sales of Investments
- Investment activity shows relatively moderate purchases, generally exceeding sales or maturities, suggesting a net allocation of resources towards investments over the observed periods.
- Capital Expenditures and Capitalized Software Development Costs
- Capital expenditures remain consistently high and fairly stable, indicating continued investment in property, plant, equipment, and software development with no clear trend toward increase or decrease.
- Acquisition and Divestiture Activity
- Acquisitions show sporadic activity with occasional sizeable outflows, whereas divestitures demonstrate infrequent but substantial inflows, reflecting a dynamic approach to portfolio adjustments.
- Change in Cash from Investing Activities
- Investing cash flows vary widely, with both significant inflows and outflows corresponding to acquisition/divestiture and investment transactions, lacking a definitive directional trend.
- Dividends Paid and Stock Transactions
- Dividend payments are relatively steady and predictable over the periods. Repurchases of common stock show periodic large outflows, indicating active share repurchase programs. Proceeds from stock issuance remain small and intermittent.
- Debt Activity
- Proceeds from debt fluctuate widely with several large inflows, particularly evident in mid-periods. Debt repayments often equal or exceed proceeds, reflecting active debt management aimed at controlling leverage. Debt-related costs are generally minor but occasionally elevated.
- Change in Cash from Financing Activities
- Financing cash flows present substantial variability, alternating between significant inflows and large outflows, highlighting opportunistic financing and deleveraging activities as well as shareholder returns.
- Effect of Exchange Rate Changes
- The impact of exchange rate changes on cash is relatively minor and inconsistent, with occasional positive or negative effects, indicating currency exposure but no major trend.
- Overall Change in Cash, Cash Equivalents, and Restricted Cash
- The net cash position experiences significant fluctuations, combining effects from operating, investing, and financing activities alongside currency translation effects. The company achieves large positive cash inflows during various periods but also endures sharp declines, reflecting active overall cash management amid substantial financial activity.