Income StatementBalance SheetCash FlowSegments
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Dell Technologies Cash Flow Statement

Operating, investing, and financing cash movements

Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$11.3BNet Cash From Investing (TTM)-$1.8BNet Cash From Financing (TTM)-$7.2BCapital Expenditures (TTM)$2.6BDepreciation And Amortization Cf (TTM)$3.1BNet Change In Cash (TTM)-$3.8B
Latest FilingQ1 2026
Report Date2026-03-16
Market Cap$191.75B
P/E Ratio32.30
ROE-300.4%

Operating

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Other non-cash income (expense)-$48.0M-$16.0M-$174.0M———
Change in accounts payable——$4.5B———
Change in accounts receivable—$31.0M-$691.0M———
Change in deferred revenue-$1.1B-$974.0M-$230.0M———
Change in inventories—$3.1B$734.0M———
Other working capital changes-$991.0M-$744.0M$3.3B———
Change in Finance Receivables$1.1B—-$23.0M———
Deferred income taxes—-$193.0M-$256.0M———
Depreciation and amortization$756.0M$867.0M$738.0M———
Other Non-Cash Income (Expense)-$48.0M-$16.0M-$174.0M———
Other Non-cash Income (Expense)-$48.0M-$16.0M-$174.0M———
Other Non-cash Income (Expense)-$48.0M-$16.0M-$174.0M———
Net cash from operating activities$1.2B—$2.8B———
Net income$1.2B$1.5B$965.0M$1.2B$1.5B$2.3B
Other non-cash income (expense)-$48.0M-$16.0M-$174.0M———
Other Noncash Income (Expense)-$48.0M-$16.0M-$174.0M———
Other Non-cash Income and Expense-$48.0M-$16.0M-$174.0M———
Other Non-Cash Adjustments-$48.0M-$16.0M-$174.0M———
Other Non-Cash Income and Expense-$48.0M-$16.0M-$174.0M———
Stock-based compensation$165.0M$251.0M$190.0M———

Investing

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Capital expenditures$669.0M$740.0M$568.0M———
Payment for (Proceeds from) Other Investing Activity-$27.0M-$120.0M-$13.0M———
Proceeds from disposition of marketable securities and other investments$71.0M$252.0M$31.0M———
Net cash from investing activities-$617.0M-$855.0M-$88.0M———
Other investing activities-$27.0M-$120.0M-$13.0M———
Proceeds from maturities/sales of investments$71.0M$252.0M$31.0M———
Proceeds from sale of businesses$0.0-$533.0M$533.0M———
Purchases of investments$46.0M—$97.0M———

Other

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Net cash from discontinued operations$1.4B-$9.6B$4.0B———
Effect of exchange rate changes on cash$30.0M-$313.0M$89.0M———
Change in Cash Classified within Assets Held for Sale$1.4B-$9.6B$4.0B———
Less: Net increase (decrease) in cash classified within assets held for sale$1.4B-$9.6B$4.0B———

Financing

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Proceeds from issuance of debt$6.5B—$6.3B———
Repayments of debt$4.0B$3.2B$2.3B———
Dividends paid$351.0M$162.0M$396.0M———
Other, net-$52.0M—-$33.0M———
Payment of Deferred Purchase Consideration-$52.0M—-$33.0M———
Noncontrolling interest transactions and other-$52.0M—-$33.0M———
Net cash from financing activities$857.0M-$6.4B$1.2B———
Other financing activities-$52.0M—-$33.0M———
Noncontrolling Interests Activity and Other-$52.0M—-$33.0M———
Proceeds from issuance of common stock$4.0M—$1.3M$1.3M$1.3M$1.3M
Repurchases of common stock$1.2B—$2.0B———
Taxes paid for net share settlement$22.0M$198.0M$352.0M———

Free Cash Flow

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Free cash flow$503.0M—$2.2B———

Supplemental

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Income taxes paid$138.8M$138.8M$315.3M$315.3M$315.3M$315.3M
Interest paid$326.0M$326.0M$338.5M$338.5M$338.5M$338.5M