XML 56 R43.htm IDEA: XBRL DOCUMENT v3.5.0.2
EARNINGS (LOSS) PER SHARE (Tables)
 9 Months Ended
Oct. 28, 2016
Earnings Per Share [Abstract]  
Computation of basic and diluted earnings (loss) per share
The following table sets forth basic and diluted earnings (loss) per share for each of the periods presented:
 
Three Months Ended
 
Nine Months Ended
 
October 28, 2016
 
October 30, 2015
 
October 28, 2016
 
October 30, 2015
 
(in millions, except per share amounts)
Earnings (loss) per share attributable to Dell Technologies Inc. - basic:
Continuing operations - Class V Common Stock - basic
$
0.79

 
$
—

 
$
0.79

 
$
—

Continuing operations - DHI Group - basic
$
(3.62
)
 
$
(0.65
)
 
$
(5.70
)
 
$
(2.47
)
Discontinued operations - DHI Group - basic
$
(0.88
)
 
$
0.21

 
$
2.01

 
$
0.13

 
 
 
 
 
 
 
 
Earnings (loss) per share attributable to Dell Technologies Inc. - diluted:
Continuing operations - Class V Common Stock - diluted
$
0.78

 
$
—

 
$
0.78

 
$
—

Continuing operations - DHI Group - diluted
$
(3.63
)
 
$
(0.65
)
 
$
(5.70
)
 
$
(2.47
)
Discontinued operations - DHI Group - diluted
$
(0.88
)
 
$
0.21

 
$
2.01

 
$
0.13



The following table sets forth the computation of basic and diluted earnings (loss) per share for each of the periods presented:
 
Three Months Ended
 
Nine Months Ended
 
October 28, 2016
 
October 30, 2015
 
October 28, 2016
 
October 30, 2015
 
(in millions, except per share amounts)
Numerator: Continuing operations - Class V Common Stock
 
 
 
 
 
 
 
Net income from continuing operations attributable to Class V Common Stock - basic
$
175

 
$
—

 
$
175

 
$
—

Incremental dilution from VMware attributable to Class V Common Stock (a)
(2
)
 
—

 
(2
)
 
—

Net income from continuing operations attributable to Class V Common Stock - diluted
$
173

 
$
—

 
$
173

 
$
—

 
 
 


 


 


Numerator: Continuing operations - DHI Group
 
 


 


 


Net loss from continuing operations attributable to DHI Group - basic
$
(1,801
)
 
$
(264
)
 
$
(2,486
)
 
$
(1,000
)
Incremental dilution from VMware attributable to DHI Group (a)
(1
)
 
—

 
(1
)
 
—

Net loss from continuing operations attributable to DHI Group - diluted
$
(1,802
)
 
$
(264
)
 
$
(2,487
)
 
$
(1,000
)
 
 
 
 
 
 
 
 
Numerator: Discontinued operations - DHI Group
 
 
 
 
 
 
 
Income (loss) from discontinued operations, net of income taxes - basic and diluted
$
(438
)
 
$
84

 
$
875

 
$
51

 
 
 
 
 
 
 
 
Denominator: Class V Common Stock weighted-average shares outstanding
 

 
 

 
 

 
 

Weighted-average shares outstanding - basic
222

 
—

 
222

 
—

Dilutive effect of options, restricted stock units, restricted stock, and other (b)
—

 
—

 
—

 
—

Weighted-average shares outstanding - diluted
222

 
—

 
222

 
—

Weighted-average shares outstanding - antidilutive (b)
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
Denominator: DHI Group weighted-average shares outstanding
 
 
 
 
 
 
 
Weighted-average shares outstanding - basic
497

 
405

 
436

 
405

Dilutive effect of options, restricted stock units, restricted stock, and other
—

 
—

 
—

 
—

Weighted-average shares outstanding - diluted
497

 
405

 
436

 
405

Weighted-average shares outstanding - antidilutive (c)
33

 
55

 
30

 
54

____________________
(a)
The incremental dilution from VMware represents the impact of VMware's dilutive securities on the DHI Group and Class V Common Stock's respective diluted earnings (loss) per share and is calculated by multiplying the difference between VMware's basic and diluted earnings (loss) per share by the number of VMware shares owned by the Company.
(b)
The dilutive effect of Class V stock-based incentive awards was not material to the calculation of the weighted-average Class V Common Stock outstanding. The antidilutive effect of these awards was also not material.
(c)
Stock-based incentive awards have been excluded from the calculation of the DHI Group's diluted earnings (loss) per share because their effect would have been antidilutive, as the Company had a net loss from continuing operations attributable to the DHI Group for the periods presented.
Reconciliation of Consolidated Net Income (Loss)
The following table presents a reconciliation to the consolidated net income (loss) attributable to Dell Technologies Inc.:
 
Three Months Ended
 
Nine Months Ended
 
October 28, 2016
 
October 30, 2015
 
October 28, 2016
 
October 30, 2015
 
(in millions)
Net income from continuing operations attributable to Class V Common Stock
175

 
—

 
175

 
—

Net loss from continuing operations attributable to DHI Group
(1,801
)
 
(264
)
 
(2,486
)
 
(1,000
)
Net loss from continuing operations attributable to Dell Technologies Inc.
(1,626
)
 
(264
)
 
(2,311
)
 
(1,000
)
Income (loss) from discontinued operations, net of income taxes
(438
)
 
84

 
875

 
51

Net loss attributable to Dell Technologies Inc.
(2,064
)
 
(180
)
 
(1,436
)
 
(949
)