Dell Technologies Inc. Files 10-Q for August 2, 2024
Ticker: DELL · Form: 10-Q · Filed: Sep 10, 2024 · CIK: 1571996
| Field | Detail |
|---|---|
| Company | Dell Technologies INC. (DELL) |
| Form Type | 10-Q |
| Filed Date | Sep 10, 2024 |
| Risk Level | low |
| Pages | 17 |
| Reading Time | 20 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, Dell Technologies
TL;DR
Dell's Q2 10-Q is in. Financials look solid, stay tuned for deeper dive.
AI Summary
Dell Technologies Inc. filed its 10-Q for the period ending August 2, 2024. The filing details financial performance and operational updates for the company. Key financial figures and strategic information are presented within this report.
Why It Matters
This 10-Q filing provides investors and analysts with crucial financial data and insights into Dell's performance, impacting investment decisions and market perception.
Risk Assessment
Risk Level: low — This filing is a routine quarterly report and does not contain any immediately apparent high-risk disclosures.
Key Numbers
- 360 — Number of documents (Total documents in the filing package)
- 45 — Number of documents (Number of documents related to the filing)
Key Players & Entities
- Dell Technologies Inc. (company) — Filer of the 10-Q
- August 2, 2024 (date) — End of the reporting period
- 20240802 (date) — Conformed period of report
- 0001571996-24-000090 (other) — Accession number for the filing
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the period ending August 2, 2024.
What is the company's Central Index Key (CIK)?
Dell Technologies Inc.'s Central Index Key is 0001571996.
What is the fiscal year end for Dell Technologies Inc.?
Dell Technologies Inc.'s fiscal year ends on January 31.
What is the SEC file number for Dell Technologies Inc.?
The SEC file number for Dell Technologies Inc. is 001-37867.
What is the primary SIC code listed for Dell Technologies Inc.?
The primary SIC code listed for Dell Technologies Inc. is 3571, which corresponds to Electronic Computers.
Filing Stats: 5,014 words · 20 min read · ~17 pages · Grade level 19.4 · Accepted 2024-09-10 16:09:32
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-20240802.htm (10-Q) — 2753KB
- exhibit41q2fy25.htm (EX-4.1) — 23KB
- exhibit221q2fy25.htm (EX-22.1) — 11KB
- exhibit311q2fy25.htm (EX-31.1) — 12KB
- exhibit312q2fy25.htm (EX-31.2) — 11KB
- exhibit321q2fy25.htm (EX-32.1) — 7KB
- 0001571996-24-000090.txt ( ) — 14367KB
- dell-20240802.xsd (EX-101.SCH) — 72KB
- dell-20240802_cal.xml (EX-101.CAL) — 151KB
- dell-20240802_def.xml (EX-101.DEF) — 402KB
- dell-20240802_lab.xml (EX-101.LAB) — 915KB
- dell-20240802_pre.xml (EX-101.PRE) — 697KB
- dell-20240802_htm.xml (XML) — 2819KB
— 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 78 Item 4.
Controls and Procedures
Controls and Procedures 78
— OTHER INFORMATION
PART II — OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 79 Item 1A.
Risk Factors
Risk Factors 79 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 79 Item 5. Other Information 80 Item 6. Exhibits 81
Signatures
Signatures 82 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 August 2 , 2024 and February 2, 2024 5 Condensed Consolidated Statements of Income for the three and six months ended August 2 , 2024 and August 4 , 2023 6 Condensed Consolidated Statements of Comprehensive Income for the three and six months ended August 2 , 2024 and August 4 , 2023 7 Condensed Consolidated Statements of Cash Flows for the si x months ended August 2 , 2024 and Augus t 4 , 2023 8 Condensed Consolidated Statements of Stockholders' Equity (Deficit) for the three and si x months ended August 2 , 2024 and August 4 , 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 10 — Commitments and Contingencies 36 Note 11 — Income and Other Taxes 38 Note 12 — Accumulated Other Comprehensive Income (Loss) 39 Note 13 — Capitalization 40 Note 14 — Earnings Per Share 42 Note 15 — Related Party Transactions 43 Note 16 — Segment Information 44 Note 17 — Supplemental Consolidated Financial Information 47 Note 18 — Subsequent Events 50 4 Table of Contents DELL TECHNOLOGIES INC. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (in millions; unaudited) August 2, 2024 February 2, 2024 ASSETS Current assets: Cash and cash equivalents $ 4,550 $ 7,366 Accounts receivable, net of allowance of $ 78 and $ 71 11,391 9,343 Short-term financing receivables, net of allowance of $ 79 and $ 79 (Note 4) 4,968 4,643 Inventories 5,953 3,622 Other current assets 10,681 10,973 Total current assets 37,543 35,947 Property, plant, and equipment, net 6,300 6,43