Dell Technologies Files Q1 2024 10-Q

TL;DR

Dell's Q1 10-Q is in: financials look stable, watch product costs & liabilities.

AI Summary

Dell Technologies Inc. filed its 10-Q for the period ending May 3, 2024. The company reported revenues and other financial metrics, with specific details on product costs and liabilities. The filing provides a snapshot of Dell's financial health and operational status during the first quarter of its fiscal year.

Why It Matters

This filing provides investors and analysts with crucial financial data for Dell Technologies, impacting investment decisions and market analysis for the company and its sector.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.

Key Numbers

• N/A — Revenues (Specific revenue figures are not detailed in the provided snippet.)
• N/A — Product Costs (Related party cost of net revenue for products is mentioned but not quantified in the snippet.)
• N/A — Liabilities (Various liability accounts are referenced but not quantified in the snippet.)

Key Players & Entities

• Dell Technologies Inc. (company) — Filer of the 10-Q
• May 3, 2024 (date) — End of the reporting period
• 20240503 (date) — Conformed period of report
• 0001571996-24-000062 (other) — Accession number for the filing

FAQ

Key Financial Figures

• $0.01 — red Class C Common Stock, par value of $0.01 per share DELL New York Stock Exchange

Filing Documents

• dell-20240503.htm (10-Q) — 2214KB
• exhibit41q1fy25.htm (EX-4.1) — 23KB
• exhibit221q1fy25.htm (EX-22.1) — 12KB
• exhibit311q1fy25.htm (EX-31.1) — 12KB
• exhibit312q1fy25.htm (EX-31.2) — 11KB
• exhibit321q1fy25.htm (EX-32.1) — 7KB
• 0001571996-24-000062.txt ( ) — 12851KB
• dell-20240503.xsd (EX-101.SCH) — 72KB
• dell-20240503_cal.xml (EX-101.CAL) — 153KB
• dell-20240503_def.xml (EX-101.DEF) — 410KB
• dell-20240503_lab.xml (EX-101.LAB) — 896KB
• dell-20240503_pre.xml (EX-101.PRE) — 697KB
• dell-20240503_htm.xml (XML) — 2389KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION Item 1 .

Financial Statements (unaudited)

Financial Statements (unaudited) 4 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 51 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 77 Item 4.

Controls and Procedures

Controls and Procedures 77

— OTHER INFORMATION

PART II — OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 78 Item 1A.

Risk Factors

Risk Factors 78 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 78 Item 5. Other Information 79 Item 6. Exhibits 80

Signatures

Signatures 81 3 Table of Contents

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

— FINANCIAL STATEMENTS (UNAUDITED)

ITEM 1 — FINANCIAL STATEMENTS (UNAUDITED) Index Page Condensed Consolidated Statements of Financial Position as of May 3, 202 4 and February 2, 2024 5 Condensed Consolidated Statements of Income for the three months ended May 3, 2024 and May 5, 2023 6 Condensed Consolidated Statements of Comprehensive Income for the three months ended May 3, 2024 and May 5, 2023 7 Condensed Consolidated Statements of Cash Flows for the three months ended May 3, 2024 and May 5, 2023 8 Condensed Consolidated Statements of Stockholders' Equity (Deficit) for the three months ended May 3, 2 024 and May 5, 2023 9 Notes to the Condensed Consolidated Financial Statements 11 Note 1 — Overview and Basis of Presentation 11 Note 2 — Fair Value Measurements 13 Note 3 — Investments 15 Note 4 — Financial Services 17 Note 5 — Leases 25 Note 6 — Debt 27 Note 7 — Derivative Instruments and Hedging Activities 29 Note 8 — Goodwill and Intangible Assets 33 Note 9 — Deferred Revenue 35 Note 1 0 — Commitments and Contingencies 36 Note 1 1 — Income and Other Taxes 38 Note 1 2 — Accumulated Other Comprehensive Income (Loss) 39 Note 1 3 — Capitalization 40 Note 1 4 — Earnings Per Share 42 Note 15 — Related Party Transactions 43 Note 1 6 — Segment Information 44 Note 1 7 — Supplemental Consolidated Financial Information 47 Note 1 8 — Subsequent Events 50 4 Table of Contents DELL TECHNOLOGIES INC. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (in millions; unaudited) May 3, 2024 February 2, 2024 ASSETS Current assets: Cash and cash equivalents $ 5,830 $ 7,366 Accounts receivable, net of allowance of $ 66 and $ 71 8,563 9,343 Short-term financing receivables, net of allowance of $ 86 and $ 79 (Note 4) 4,660 4,643 Inventories 4,782 3,622 Other current assets 10,792 10,973 Total current assets 34,627 35,947 Property, plant, and equipment, net 6,237 6,432 Long-term investments 1,293 1,316 Long-term financi

View Full Filing

View this 10-Q filing on SEC EDGAR