Dell Technologies Files Q3 2024 10-Q Report
Ticker: DELL · Form: 10-Q · Filed: Dec 10, 2024 · CIK: 1571996
| Field | Detail |
|---|---|
| Company | Dell Technologies INC. (DELL) |
| Form Type | 10-Q |
| Filed Date | Dec 10, 2024 |
| Risk Level | medium |
| Pages | 17 |
| Reading Time | 20 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, reporting
TL;DR
**Dell's Q3 10-Q is in! Get the latest numbers.**
AI Summary
Dell Technologies Inc. filed its 10-Q for the period ending November 1, 2024. The company, headquartered in Round Rock, TX, is reporting on its fiscal third quarter. Key financial data and business operations for this period are detailed in the filing.
Why It Matters
This filing provides investors and analysts with the latest financial performance and operational details of Dell Technologies, crucial for understanding the company's current standing and future outlook.
Risk Assessment
Risk Level: medium — 10-Q filings inherently carry medium risk due to the detailed financial information and potential for market-moving disclosures.
Key Numbers
- 0131 — Fiscal Year End (Indicates the end of Dell's fiscal year.)
- 20241101 — Reporting Period End Date (Marks the conclusion of the period covered by this 10-Q.)
Key Players & Entities
- Dell Technologies Inc. (company) — Filer of the 10-Q report
- Round Rock, TX (location) — Company headquarters
- 20241101 (date) — End of the reporting period
- 0001571996-24-000143 (filing_id) — Accession number for the filing
FAQ
What is the primary purpose of this 10-Q filing?
This 10-Q filing provides a comprehensive update on Dell Technologies Inc.'s financial performance and operational status for the period ending November 1, 2024.
Where is Dell Technologies Inc. headquartered?
Dell Technologies Inc. is headquartered at One Dell Way, Round Rock, TX 78682.
What is the accession number for this filing?
The accession number for this filing is 0001571996-24-000143.
When does Dell Technologies Inc.'s fiscal year end?
Dell Technologies Inc.'s fiscal year ends on January 31 (0131).
What is the SIC code for Dell Technologies Inc.?
The Standard Industrial Classification (SIC) code for Dell Technologies Inc. is 3571, which corresponds to Electronic Computers.
Filing Stats: 4,971 words · 20 min read · ~17 pages · Grade level 19.5 · Accepted 2024-12-10 16:20:21
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-20241101.htm (10-Q) — 2786KB
- exhibit41q3fy25.htm (EX-4.1) — 23KB
- exhibit221q3fy25.htm (EX-22.1) — 12KB
- exhibit311q3fy25.htm (EX-31.1) — 12KB
- exhibit312q3fy25.htm (EX-31.2) — 11KB
- exhibit321q3fy25.htm (EX-32.1) — 7KB
- 0001571996-24-000143.txt ( ) — 14789KB
- dell-20241101.xsd (EX-101.SCH) — 75KB
- dell-20241101_cal.xml (EX-101.CAL) — 163KB
- dell-20241101_def.xml (EX-101.DEF) — 434KB
- dell-20241101_lab.xml (EX-101.LAB) — 958KB
- dell-20241101_pre.xml (EX-101.PRE) — 736KB
- dell-20241101_htm.xml (XML) — 2874KB
— 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 53 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 80 Item 4.
Controls and Procedures
Controls and Procedures 80
— OTHER INFORMATION
PART II — OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 81 Item 1A.
Risk Factors
Risk Factors 81 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 81 Item 5. Other Information 82 Item 6. Exhibits 83
Signatures
Signatures 84 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 November 1, 2024 and February 2, 2024 5 Condensed Consolidated Statements of Income for the three and nine months ended November 1, 2024 and November 3, 2023 6 Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended November 1, 2024 and November 3, 2023 7 Condensed Consolidated Statements of Cash Flows for the nine months ended November 1, 2024 and November 3, 2023 8 Condensed Consolidated Statements of Stockholders' Equity (Deficit) for the three and nine months ended November 1, 2024 and November 3, 2023 9 Notes to the Condensed Consolidated Financial Statements 11 Note 1 — Overview and Basis of Presentation 11 Note 2 — Fair Value Measurements 14 Note 3 — Investments 16 Note 4 — Financial Services 18 Note 5 — Leases 26 Note 6 — Debt 28 Note 7 — Derivative Instruments and Hedging Activities 30 Note 8 — Goodwill and Intangible Assets 34 Note 9 — Deferred Revenue 36 Note 10 — Commitments and Contingencies 37 Note 11 — Income and Other Taxes 39 Note 12 — Accumulated Other Comprehensive Income (Loss) 40 Note 13 — Capitalization 41 Note 14 — Earnings Per Share 43 Note 15 — Related Party Transactions 44 Note 16 — Segment Information 46 Note 17 — Supplemental Consolidated Financial Information 49 Note 18 — Subsequent Events 52 4 Table of Contents DELL TECHNOLOGIES INC. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (in millions; unaudited) November 1, 2024 February 2, 2024 ASSETS Current assets: Cash and cash equivalents $ 5,225 $ 7,366 Accounts receivable, net of allowance of $ 62 and $ 71 11,189 9,343 Short-term financing receivables, net of allowance of $ 74 and $ 79 (Note 4) 5,001 4,643 Inventories 6,652 3,622 Other current assets 9,306 10,973 Current assets held for sale 662 — Total current assets 38,035 35,947