2021 Q4 Form 10-Q Financial Statement

#000157199621000063 Filed on December 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q4
Revenue $26.42B $21.59B
YoY Change 22.4% -5.49%
Cost Of Revenue $20.34B $16.22B
YoY Change 25.36% 3.2%
Gross Profit $5.534B $5.024B
YoY Change 10.15% -29.5%
Gross Profit Margin 20.94% 23.27%
Selling, General & Admin $5.293B $4.772B
YoY Change 10.92% -5.09%
% of Gross Profit 95.65% 94.98%
Research & Development $1.417B $1.360B
YoY Change 4.19% 7.77%
% of Gross Profit 25.61% 27.07%
Depreciation & Amortization $1.242B $1.361B
YoY Change -8.74% -8.9%
% of Gross Profit 22.44% 27.09%
Operating Expenses $6.710B $6.132B
YoY Change 9.43% -2.51%
Operating Profit $1.349B $1.129B
YoY Change 19.49% 35.05%
Interest Expense $482.0M $566.0M
YoY Change -14.84% -13.46%
% of Operating Profit 35.73% 50.13%
Other Income/Expense, Net $3.436B $273.0M
YoY Change 1158.61% -140.32%
Pretax Income $4.785B $1.402B
YoY Change 241.3% 781.76%
Income Tax $897.0M $521.0M
% Of Pretax Income 18.75% 37.16%
Net Earnings $3.843B $832.0M
YoY Change 361.9% 66.73%
Net Earnings / Revenue 14.54% 3.85%
Basic Earnings Per Share $5.02 $1.11
Diluted Earnings Per Share $4.87 $1.08
COMMON SHARES
Basic Shares Outstanding 766.0M shares 747.0M shares
Diluted Shares Outstanding 788.0M shares 771.0M shares

Balance Sheet

Concept 2021 Q4 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.41B $11.30B
YoY Change 98.21% 32.13%
Cash & Equivalents $22.41B $11.30B
Short-Term Investments
Other Short-Term Assets $10.18B $7.668B
YoY Change 32.81% 10.75%
Inventory $5.442B $3.393B
Prepaid Expenses
Receivables $14.18B $11.38B
Other Receivables $4.970B $4.872B
Total Short-Term Assets $57.18B $38.61B
YoY Change 48.08% 11.05%
LONG-TERM ASSETS
Property, Plant & Equipment $6.925B $6.344B
YoY Change 9.16% 9.63%
Goodwill $40.70B $40.64B
YoY Change 0.14% -2.51%
Intangibles $12.32B $15.26B
YoY Change -19.26% -20.43%
Long-Term Investments $1.827B $1.655B
YoY Change 10.39% 97.49%
Other Assets $11.46B $11.06B
YoY Change 3.57% 9.62%
Total Long-Term Assets $78.50B $80.33B
YoY Change -2.29% -2.08%
TOTAL ASSETS
Total Short-Term Assets $57.18B $38.61B
Total Long-Term Assets $78.50B $80.33B
Total Assets $135.7B $118.9B
YoY Change 14.06% 1.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.77B $19.79B
YoY Change 35.27% 1.79%
Accrued Expenses $10.08B $8.715B
YoY Change 15.67% 6.79%
Deferred Revenue $16.57B $15.26B
YoY Change 8.59% 10.68%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $16.28B $6.536B
YoY Change 149.08% -14.72%
Total Short-Term Liabilities $69.70B $50.30B
YoY Change 38.57% 2.54%
LONG-TERM LIABILITIES
Long-Term Debt $31.70B $43.33B
YoY Change -26.83% -3.13%
Other Long-Term Liabilities $5.197B $5.433B
YoY Change -4.34% -11.01%
Total Long-Term Liabilities $36.90B $48.76B
YoY Change -24.33% -4.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $69.70B $50.30B
Total Long-Term Liabilities $36.90B $48.76B
Total Liabilities $121.5B $112.5B
YoY Change 8.0% 0.43%
SHAREHOLDERS EQUITY
Retained Earnings -$8.190B -$14.98B
YoY Change -45.32% -13.42%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $305.0M $305.0M
YoY Change 0.0% 369.23%
Treasury Stock Shares
Shareholders Equity $8.954B $883.0M
YoY Change
Total Liabilities & Shareholders Equity $135.7B $118.9B
YoY Change 14.06% 1.83%

Cashflow Statement

Concept 2021 Q4 2020 Q4
OPERATING ACTIVITIES
Net Income $3.843B $832.0M
YoY Change 361.9% 66.73%
Depreciation, Depletion And Amortization $1.242B $1.361B
YoY Change -8.74% -8.9%
Cash From Operating Activities $3.251B $2.994B
YoY Change 8.58% 64.42%
INVESTING ACTIVITIES
Capital Expenditures -$799.0M -$480.0M
YoY Change 66.46% -22.2%
Acquisitions
YoY Change
Other Investing Activities $4.040B $1.915B
YoY Change 110.97% -191.98%
Cash From Investing Activities $3.241B $1.435B
YoY Change 125.85% -153.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.283B -4.310B
YoY Change -199.37% -1438.51%
NET CHANGE
Cash From Operating Activities 3.251B 2.994B
Cash From Investing Activities 3.241B 1.435B
Cash From Financing Activities 4.283B -4.310B
Net Change In Cash 10.78B 119.0M
YoY Change 8954.62% -121.4%
FREE CASH FLOW
Cash From Operating Activities $3.251B $2.994B
Capital Expenditures -$799.0M -$480.0M
Free Cash Flow $4.050B $3.474B
YoY Change 16.58% 42.49%

Facts In Submission

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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTE 1 — OVERVIEW AND BASIS OF PRESENTATION </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">References in these Notes to the Condensed Consolidated Financial Statements to the “Company” or “Dell Technologies” mean Dell Technologies Inc. individually and together with its consolidated subsidiaries.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Basis of Presentation — </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and accompanying Notes filed with the U.S. Securities and Exchange Commission (“SEC”) in the Company’s Annual Report on Form 10-K for the fiscal year ended January 29, 2021. These Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). In the opinion of management, the accompanying Condensed Consolidated Financial Statements reflect all adjustments of a normal recurring nature considered necessary to fairly state the financial position of Dell Technologies Inc. as of October 29, 2021 and January 29, 2021, the results of its operations and corresponding comprehensive income (loss) for the three and nine months ended October 29, 2021 and October 30, 2020, its cash flows for the nine months ended October 29, 2021 and October 30, 2020, and its statements of stockholders’ equity for the three and nine months ended October 29, 2021 and October 30, 2020.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported in the Condensed Consolidated Financial Statements and the accompanying Notes. Management has considered the actual and potential economic impacts of the coronavirus disease 2019 (“COVID-19”) pandemic on the Company’s critical and significant accounting estimates. Actual results could differ materially from those estimates. The results of operations and comprehensive income (loss), cash flows, and statements of stockholders’ equity for the three and nine months ended October 29, 2021 and October 30, 2020 are not necessarily indicative of the results to be expected for the full fiscal year or for any other fiscal period.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s fiscal year is the 52- or 53-week period ending on the Friday nearest January 31. Both the fiscal year ending January 28, 2022 (“Fiscal 2022”) and fiscal year ended January 29, 2021 (“Fiscal 2021”) are 52-week periods.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Principles of Consolidation </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— These Condensed Consolidated Financial Statements include the accounts of Dell Technologies and its wholly-owned subsidiaries, as well as the accounts of VMware, Inc. and SecureWorks Corp. (“Secureworks”), each of which is majority-owned by Dell Technologies. All intercompany transactions have been eliminated.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Unless the context indicates otherwise, references in these Notes to the Condensed Consolidated Financial Statements to “VMware” mean the VMware reportable segment, which reflects the operations of VMware, Inc. (NYSE: VMW) within Dell Technologies.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company also consolidates Variable Interest Entities ("VIEs") where it has been determined that the Company is the primary beneficiary of the applicable entities’ operations. For each VIE, the primary beneficiary is the party that has both the power to direct the activities that most significantly impact the VIE's economic performance and the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to such VIE. In evaluating whether the Company is the primary beneficiary of each entity, the Company evaluates its power to direct the most significant activities of the VIE by considering the purpose and design of each entity and the risks each entity was designed to create and pass through to its respective variable interest holders. The Company also evaluates its economic interests in each of the VIEs. See Note 3 of the Notes to the Condensed Consolidated Financial Statements for more information regarding consolidated VIEs.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Spin-off of VMware, Inc.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> — On November 1, 2021, subsequent to the close of the Company’s third quarter of Fiscal 2022, the Company completed its previously announced spin-off of VMware, Inc. by means of a special stock dividend (the “VMware Spin-off”). The VMware Spin-off was effectuated pursuant to a Separation and Distribution Agreement, dated as of April 14, 2021 (the “Separation and Distribution Agreement”). </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Immediately prior to the VMware Spin-off, on November 1, 2021, VMware paid a special cash dividend of $11.5 billion, in aggregate, to VMware, Inc. common stockholders of record as of 5:00 p.m., New York City time, on October 29, 2021 (the “Record Date”), of which Dell Technologies received approximately $9.3 billion. Dell Technologies used the net proceeds from its pro rata share of the cash dividend to repay a portion of its outstanding core debt.</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Dell Technologies stockholders received approximately 0.440626 of a share of VMware Class A common stock for each share of Dell Technologies common stock held as of the Record Date, based on shares outstanding as of the completion of the VMware Spin-off, with no change to the capital structure of Dell Technologies. As a result of the VMware Spin-off, the pre-transaction stockholders of Dell Technologies own shares in two separate public companies, consisting of (1) VMware, Inc., which continues to own the businesses of VMware, Inc. and its subsidiaries, and (2) Dell Technologies, which continues to own Dell Technologies’ other businesses and subsidiaries.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the Dell Technologies Inc. 2013 Stock Incentive Plan that provides for equitable adjustments in the event of a restructuring event, stock awards that were outstanding at the time of the VMware spin-off were adjusted in the ratio of approximately 1.97 to 1. The conversion ratio was based on the Company’s pre-VMware Spin-off closing stock price on November 1, 2021 and post-VMware Spin-off opening stock price on November 2, 2021. The adjustment resulted in an increase of 30.1 million restricted stock units and 1.9 million stock options. The adjustment did not result in material incremental stock-based compensation expense as it was required by the Company’s equity incentive plan. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with and upon completion of the VMware Spin-off, Dell Technologies and VMware, Inc. entered into various agreements that provide a framework for the relationship between the companies after the transaction, including, among others, a commercial framework agreement, a tax matters agreement, and a transition services agreement.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Commercial Framework Agreement (“CFA”) provides a framework under which the Company and VMware, Inc. will continue their strategic commercial relationship after the transaction, particularly with respect to projects mutually agreed by the parties as having the potential to accelerate the growth of an industry, product, service, or platform that may provide one or both companies with a strategic market opportunity. The CFA has an initial term of five years, with automatic one-year renewals occurring annually thereafter, subject to certain terms and conditions.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Tax Matters Agreement governs the respective rights, responsibilities, and obligations of Dell Technologies and VMware, Inc. with respect to tax liabilities (including taxes, if any, incurred as a result of any failure of the VMware Spin-off to qualify for tax-free treatment for U.S. federal income tax purposes) and benefits, tax attributes, the preparation and filing of tax returns, the control of audits and other tax proceedings, cooperation, and other matters regarding tax.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company will report VMware, Inc. results as discontinued operations beginning in the fourth quarter of Fiscal 2022.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">See Note 5 and Note 18 of the Notes to the Condensed Consolidated Financial Statements for more information regarding debt repayments and the completion of the VMware Spin-off.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Boomi Divestiture </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">— On October 1, 2021, Dell Technologies completed the sale of Boomi and certain related assets to Francisco Partners and TPG Capital. At the completion of the sale, the Company received total cash consideration of approximately $4.0 billion, resulting in a pre-tax gain on sale of $4.0 billion. The Company ultimately recorded a $3.0 billion gain, net of $1.0 billion in tax expense. The transaction was intended to support the Company’s focus on fueling growth initiatives through targeted investments to modernize Dell Technologies’ core infrastructure and by expanding in high-priority areas, including hybrid and private cloud, edge, telecommunications solutions, and the Company’s APEX offerings. Prior to the divestiture, Boomi’s operating results were included within Other businesses and did not qualify for presentation as a discontinued operation. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">RSA Security Divestiture</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> — On September 1, 2020, Dell Technologies completed the sale of RSA Security to a consortium led by Symphony Technology Group, Ontario Teachers’ Pension Plan Board and AlpInvest Partners for total cash consideration of approximately $2.082 billion, resulting in a pre-tax gain on sale of $338 million. The Company ultimately recorded a $21 million loss, net of $359 million in tax expense due to the relatively low tax basis for the assets sold, particularly goodwill. The transaction included the sale of RSA Archer, RSA NetWitness Platform, RSA SecurID, RSA Fraud and Risk Intelligence, and RSA Conference and was intended to further simplify Dell Technologies’ product portfolio and corporate structure. Prior to the divestiture, RSA Security’s operating results were included within Other businesses and did not qualify for presentation as a discontinued operation.</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">VMware, Inc. Acquisition of Pivotal </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— On December 30, 2019, VMware, Inc. completed its acquisition of Pivotal Software, Inc. (“Pivotal”) from the Company by merger (the “Pivotal acquisition”). As of the transaction date, Pivotal’s Class A common stock (NYSE: PVTL) ceased to be listed and traded on the New York Stock Exchange (“NYSE”). Due to the Company’s ownership of a controlling interest in Pivotal, the Company and VMware, Inc. accounted for the acquisition of the controlling interest in Pivotal as a transaction between entities under common control, and, consequently, the transaction had no net effect on the Company’s consolidated financial statements. Subsequent to the Pivotal acquisition, Pivotal operates as a wholly-owned subsidiary of VMware, Inc. and Dell Technologies reports Pivotal results within the VMware reportable segment. Prior to the Pivotal acquisition, Pivotal results were reported within Other businesses. This change in Pivotal segment classification was reflected retrospectively in the Company’s reportable segment results.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Class V Transaction</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> —</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On December 28, 2018, the Company completed a transaction (the “Class V transaction”) in which it paid $14.0 billion in cash and issued 149,387,617 shares of its Class C Common Stock to holders of its Class V Common Stock in exchange for all outstanding shares of Class V Common Stock. The non-cash consideration portion of the Class V transaction totaled $6.9 billion. As a result of the Class V transaction, the tracking stock feature of the Company’s capital structure associated with the Class V Common Stock was terminated. The Class C Common Stock is traded on the NYSE. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">EMC Merger Transaction</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> — On September 7, 2016, the Company completed its acquisition of EMC Corporation (“EMC”) by merger (the “EMC merger transaction”). </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Recently Issued Accounting Pronouncements</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Accounting for Contract Assets and Contract Liabilities from Contracts with Customers </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— In October 2021, the Financial Accounting Standards Board (“FASB”) issued guidance which requires companies to apply Topic 606, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Revenue from Contracts with Customers</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, to recognize and measure contract assets and contract liabilities from contracts with customers acquired in a business combination. Public entities must adopt the new guidance for fiscal years beginning after December 15, 2022 and interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact and timing of adoption of this guidance.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reference Rate Reform </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— In March 2020, the FASB issued guidance which provides temporary optional expedients and exceptions to GAAP guidance on contract modifications and certain hedging relationships to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate to alternative reference rates. The Company may elect to apply the amendments prospectively through December 31, 2022. Adoption of the new guidance is not expected to have a material impact on the Company’s financial results.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Recently Adopted Accounting Pronouncements</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In August 2020, the FASB issued guidance to simplify the accounting for convertible debt instruments and convertible preferred stock, and the derivatives scope exception for contracts in an entity's own equity. In addition, the guidance on calculating diluted earnings per share has been simplified and made more internally consistent. The Company early adopted this standard as of January 30, 2021. There was no impact on the Condensed Consolidated Financial Statements or to diluted earnings per share as of the adoption date. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Simplifying Accounting for Income Taxes </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2019, the FASB issued guidance to simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Income Taxes</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, and by clarifying and amending existing guidance in order to improve consistent application of GAAP for other areas of Topic 740. The Company adopted the standard during the three months ended April 30, 2021. The impact of the adoption of this standard was immaterial to the Condensed Consolidated Financial Statements.</span></div>
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The Company’s fiscal year is the 52- or 53-week period ending on the Friday nearest January 31. Both the fiscal year ending January 28, 2022 (“Fiscal 2022”) and fiscal year ended January 29, 2021 (“Fiscal 2021”) are 52-week periods.
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CY2021Q1 us-gaap Debt Instrument Carrying Amount
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CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2021Q1 us-gaap Debt Instrument Carrying Amount
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CY2021Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
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194000000 USD
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CY2021Q1 us-gaap Deferred Finance Costs Net
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CY2021Q1 us-gaap Long Term Debt
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CY2021Q4 us-gaap Debt Current
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CY2021Q1 us-gaap Debt Current
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CY2021Q4 us-gaap Long Term Debt Noncurrent
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CY2021Q1 us-gaap Long Term Debt Noncurrent
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CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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5325000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
3390000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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1859000000 USD
CY2021Q4 dell Long Term Debt Maturities Repayments Of Principal After Year Four
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20566000000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
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94000000 USD
CY2021Q4 dell Debt Instrument Unamortized Discount Premiumand Debt Issuance Costs Net Next Twelve Months
DebtInstrumentUnamortizedDiscountPremiumandDebtIssuanceCostsNetNextTwelveMonths
7000000 USD
CY2021Q4 dell Debt Instrument Unamortized Discount Premiumand Debt Issuance Costs Net Year Two
DebtInstrumentUnamortizedDiscountPremiumandDebtIssuanceCostsNetYearTwo
20000000 USD
CY2021Q4 dell Debt Instrument Unamortized Discount Premiumand Debt Issuance Costs Net Year Three
DebtInstrumentUnamortizedDiscountPremiumandDebtIssuanceCostsNetYearThree
20000000 USD
CY2021Q4 dell Debt Instrument Unamortized Discount Premiumand Debt Issuance Costs Net Year Four
DebtInstrumentUnamortizedDiscountPremiumandDebtIssuanceCostsNetYearFour
6000000 USD
CY2021Q4 dell Debt Instrument Unamortized Discount Premiumand Debt Issuance Costs Net After Year Four
DebtInstrumentUnamortizedDiscountPremiumandDebtIssuanceCostsNetAfterYearFour
332000000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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479000000 USD
CY2021Q4 dell Longterm Debt Maturities Repaymentsof Principal Remainderof Fiscal Year Net
LongtermDebtMaturitiesRepaymentsofPrincipalRemainderofFiscalYearNet
10672000000 USD
CY2021Q4 dell Longterm Debt Maturities Repaymentsof Principal Next Twelve Months Net
LongtermDebtMaturitiesRepaymentsofPrincipalNextTwelveMonthsNet
6545000000 USD
CY2021Q4 dell Longterm Debt Maturities Repaymentsof Principalin Year Two Net
LongtermDebtMaturitiesRepaymentsofPrincipalinYearTwoNet
5305000000 USD
CY2021Q4 dell Longterm Debt Maturities Repaymentsof Principalin Year Three Net
LongtermDebtMaturitiesRepaymentsofPrincipalinYearThreeNet
3370000000 USD
CY2021Q4 dell Longterm Debt Maturities Repaymentsof Principalin Year Four Net
LongtermDebtMaturitiesRepaymentsofPrincipalinYearFourNet
1853000000 USD
CY2021Q4 dell Longterm Debt Maturities Repaymentsof Principal After Year Four Net
LongtermDebtMaturitiesRepaymentsofPrincipalAfterYearFourNet
20234000000 USD
CY2021Q4 us-gaap Long Term Debt
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CY2021Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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74000000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
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45000000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
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150000000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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34000000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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24000000 USD
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CY2020Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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44000000 USD
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CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
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CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
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211000000 USD
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CY2021Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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21000000 USD
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79000000 USD
CY2021Q4 dell Derivative Asset Liability Fair Value Gross Asset
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95000000 USD
CY2021Q4 dell Derivative Asset Liability Fair Value Gross Liability
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CY2021Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
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CY2021Q4 dell Derivative Collateral Obligation To Return Right To Reclaim Securities
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0 USD
CY2021Q4 dell Derivative Collateral Obligation To Return Right To Reclaim Cash
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CY2021Q1 us-gaap Derivative Asset Fair Value Gross Liability
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CY2021Q1 us-gaap Derivative Collateral Obligation To Return Cash
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CY2021Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
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CY2021Q1 us-gaap Derivative Collateral Right To Reclaim Cash
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CY2021Q1 us-gaap Derivative Assets Liabilities At Fair Value Net
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CY2021Q1 dell Derivative Collateral Obligation To Return Right To Reclaim Cash
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CY2020Q4 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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us-gaap Impairment Of Intangible Assets Excluding Goodwill
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CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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5706000000 USD
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dell Contractwith Customer Liability Increase For Cash Receipts And Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
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dell Contractwith Customer Liability Increase For Cash Receipts And Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
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CY2021Q4 us-gaap Contract With Customer Liability Revenue Recognized
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us-gaap Contract With Customer Liability Revenue Recognized
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ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
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CY2020Q4 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
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us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
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us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
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CY2021Q4 us-gaap Contract With Customer Liability
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CY2020Q4 us-gaap Contract With Customer Liability
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CY2021Q4 us-gaap Contract With Customer Liability
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CY2020Q4 us-gaap Contract With Customer Liability
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CY2020Q4 us-gaap Contract With Customer Liability Current
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CY2021Q4 us-gaap Contract With Customer Liability Current
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CY2020Q4 us-gaap Contract With Customer Liability Current
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CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
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5200000000 USD
CY2021Q4 us-gaap Purchase Obligation Due In Next Twelve Months
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CY2021Q4 us-gaap Purchase Obligation Due In Second Year
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CY2021Q4 us-gaap Effective Income Tax Rate Continuing Operations
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CY2020Q4 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2021Q4 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q1 us-gaap Preferred Stock Shares Outstanding
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CY2020Q4 us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2021Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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