| Schedule of the Impact of New Accounting Standards on Previously Reported Financial Results |
Condensed Consolidated Statements of Income (Loss) | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | November 3, 2017 | | November 3, 2017 | | As Reported (a) | | Revenue from Contracts with Customers | | As Recast | | As Reported (a) | | Revenue from Contracts with Customers | | As Recast | | (in millions, except per share amounts) | Net revenue: | | | | | | | | | | | | Products | $ | 14,680 |
| | $ | 440 |
| | $ | 15,120 |
| | $ | 42,003 |
| | $ | 1,853 |
| | $ | 43,856 |
| Services | 4,930 |
| | (494 | ) | | 4,436 |
| | 14,722 |
| | (1,501 | ) | | 13,221 |
| Total net revenue | 19,610 |
| | (54 | ) | | 19,556 |
| | 56,725 |
| | 352 |
| | 57,077 |
| Cost of net revenue: | | | | | | | | | | | | Products | 12,369 |
| | 204 |
| | 12,573 |
| | 36,206 |
| | 965 |
| | 37,171 |
| Services | 2,078 |
| | (315 | ) | | 1,763 |
| | 6,245 |
| | (984 | ) | | 5,261 |
| Total cost of net revenue | 14,447 |
| | (111 | ) | | 14,336 |
| | 42,451 |
| | (19 | ) | | 42,432 |
| Gross margin | 5,163 |
| | 57 |
| | 5,220 |
| | 14,274 |
| | 371 |
| | 14,645 |
| Operating expenses: | | | | | | | | | | | | Selling, general, and administrative | 4,625 |
| | (66 | ) | | 4,559 |
| | 13,989 |
| | (294 | ) | | 13,695 |
| Research and development | 1,071 |
| | — |
| | 1,071 |
| | 3,297 |
| | — |
| | 3,297 |
| Total operating expenses | 5,696 |
| | (66 | ) | | 5,630 |
| | 17,286 |
| | (294 | ) | | 16,992 |
| Operating loss | (533 | ) | | 123 |
| | (410 | ) | | (3,012 | ) | | 665 |
| | (2,347 | ) | Interest and other, net | (682 | ) | | — |
| | (682 | ) | | (1,800 | ) | | 1 |
| | (1,799 | ) | Income (loss) before income taxes | (1,215 | ) | | 123 |
| | (1,092 | ) | | (4,812 | ) | | 666 |
| | (4,146 | ) | Income tax provision (benefit) | (274 | ) | | 33 |
| | (241 | ) | | (1,510 | ) | | 157 |
| | (1,353 | ) | Net income (loss) | (941 | ) | | 90 |
| | (851 | ) | | (3,302 | ) | | 509 |
| | (2,793 | ) | Less: Net loss attributable to non-controlling interests | (4 | ) | | (1 | ) | | (5 | ) | | (85 | ) | | 41 |
| | (44 | ) | Net income (loss) attributable to Dell Technologies Inc. | $ | (937 | ) | | $ | 91 |
| | $ | (846 | ) | | $ | (3,217 | ) | | $ | 468 |
| | $ | (2,749 | ) | | | | | | | | | | | | | Earnings (loss) per share attributable to Dell Technologies Inc. - basic: | | | | | | | Class V Common Stock - basic | $ | 1.10 |
| | $ | (0.12 | ) | | $ | 0.98 |
| | $ | 2.50 |
| | $ | 0.08 |
| | $ | 2.58 |
| DHI Group - basic | $ | (2.05 | ) | | $ | 0.21 |
| | $ | (1.84 | ) | | $ | (6.57 | ) | | $ | 0.79 |
| | $ | (5.78 | ) | | | | | | | | | | | | | Earnings (loss) per share attributable to Dell Technologies Inc. - diluted: | | | | | | | Class V Common Stock - diluted | $ | 1.09 |
| | $ | (0.13 | ) | | $ | 0.96 |
| | $ | 2.46 |
| | $ | 0.08 |
| | $ | 2.54 |
| DHI Group - diluted | $ | (2.05 | ) | | $ | 0.21 |
| | $ | (1.84 | ) | | $ | (6.58 | ) | | $ | 0.79 |
| | $ | (5.79 | ) |
____________________ (a) Amounts as reported in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended November 3, 2017.The following tables present the impact of the new accounting standards to the Company’s previously reported financial results.
Selected Captions from the Condensed Consolidated Statement of Financial Position | | | | | | | | | | | | | | February 2, 2018 | | As Reported (a) | | Revenue from Contracts with Customers | | As Recast | | (in millions) | Assets | | | | | | Accounts receivable, net | $ | 11,177 |
| | $ | 544 |
| | $ | 11,721 |
| Other current assets | $ | 5,054 |
| | $ | 827 |
| | $ | 5,881 |
| Other non-current assets | $ | 1,862 |
| | $ | 541 |
| | $ | 2,403 |
| Liabilities and Stockholders' Equity | | | | | | Accrued and other | $ | 7,661 |
| | $ | 365 |
| | $ | 8,026 |
| Short-term deferred revenue | $ | 12,024 |
| | $ | (418 | ) | | $ | 11,606 |
| Long-term deferred revenue | $ | 10,223 |
| | $ | (1,013 | ) | | $ | 9,210 |
| Other non-current liabilities | $ | 6,797 |
| | $ | 480 |
| | $ | 7,277 |
| Accumulated deficit | $ | (9,253 | ) | | $ | 2,393 |
| | $ | (6,860 | ) | Non-controlling interests | $ | 5,661 |
| | $ | 105 |
| | $ | 5,766 |
|
____________________ (a) Amounts as reported in the Company’s Annual Report on Form 10-K for the fiscal year ended February 2, 2018.Selected Captions from the Condensed Consolidated Statement of Cash Flows | | | | | | | | | | | | | | | | | | Nine Months Ended | | November 3, 2017 | | As Reported (a) | | Classification of Certain Cash Receipts and Cash Payments | | Statement of Cash Flows, Restricted Cash | | As Recast | | (in millions) | Change in cash from operating activities | $ | 3,679 |
| | $ | 48 |
| | $ | 17 |
| | $ | 3,744 |
| Change in cash from investing activities | $ | (1,990 | ) | | $ | — |
| | $ | — |
| | $ | (1,990 | ) | Change in cash from financing activities | $ | 496 |
| | $ | (48 | ) | | $ | 77 |
| | $ | 525 |
| | | | | | | | | Change in cash, cash equivalents, and restricted cash | $ | 2,232 |
| | $ | — |
| | $ | 94 |
| | $ | 2,326 |
| Cash, cash equivalents, and restricted cash at beginning of the period | 9,474 |
| | — |
| | 358 |
| | 9,832 |
| Cash, cash equivalents, and restricted cash at end of the period | $ | 11,706 |
| | $ | — |
| | $ | 452 |
| | $ | 12,158 |
|
____________________ (a) Amounts as reported in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended November 3, 2017.
|