Dell Reports Fiscal Year 2014 First Quarter Financial Results

 
 
DELL INC.
Reconciliation of Non-GAAP Financial Measures
(in millions, except per share data and percentages)
(unaudited)
     
Three Months Ended % Growth Rates
May 3, May 4,
2013 2012 Yr. to Yr.
 
 
GAAP gross margin $ 2,747 $ 3,067 (10 %)
 
Non-GAAP adjustments:
Amortization of intangibles 140 88
Severance and facility actions and acquisition-related 10 12
Other (a)   2     -  
Non-GAAP gross margin $ 2,899   $ 3,167   (8 %)
 
GAAP operating expenses $ 2,521 $ 2,243 12 %
 
Non-GAAP adjustments:
Amortization of intangibles (56 ) (22 )
Severance and facility actions and acquisition-related (70 ) (64 )
Other (a)   (86 )   -  
Non-GAAP operating expenses $ 2,309   $ 2,157   7 %
 
GAAP operating income $ 226 $ 824 (73 %)
 
Non-GAAP adjustments:
Amortization of intangibles 196 110
Severance and facility actions and acquisition-related 80 76
Other (a)   88     -  
Non-GAAP operating income $ 590   $ 1,010   (42 %)
 
GAAP net income $ 130 $ 635 (79 %)
 
Non-GAAP adjustments:
Amortization of intangibles 196 110
Severance and facility actions and acquisition-related 80 76
Other (a) 88 -
Aggregate adjustment for income taxes   (122 )   (60 )
Non-GAAP net income $ 372   $ 761   (51 %)
 
GAAP earnings per share - diluted $ 0.07 $ 0.36 (81 %)
Non-GAAP adjustments per share - diluted   0.14     0.07  
Non-GAAP earnings per share - diluted $ 0.21   $ 0.43   (51 %)
 
 
Diluted WAS 1,761 1,774
 
 

Percentage of Total Net Revenue:

 
GAAP gross margin 19.5 % 21.3 %
Non-GAAP adjustment   1.1 %   0.7 %
Non-GAAP gross margin   20.6 %   22.0 %
 
GAAP operating expenses 17.9 % 15.6 %
Non-GAAP adjustment   (1.5 %)   (0.6 %)
Non-GAAP operating expenses   16.4 %   15.0 %
 
GAAP operating income 1.6 % 5.7 %
Non-GAAP adjustment   2.6 %   1.3 %
Non-GAAP operating income   4.2 %   7.0 %
 
GAAP net income 0.9 % 4.4 %
Non-GAAP adjustment   1.7 %   0.9 %
Non-GAAP net income   2.6 %   5.3 %
 
(a) Other includes expenses associated with Dell's proposed merger and retention cash bonus awards granted to certain key employees in the first quarter of Fiscal 2014.
 
Note: Percentage growth rates and ratios are calculated based on underlying data in thousands.

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »



Review Article Be the first to review this article


GIS Corporate Newsletter
rss feed
Jobs
GIS Data Acceptance Testing Lead for Boreas Group at Detroit, Michigan
GIS Analyst for City of Stuart at Stuart, Florida
GIS Coordinator -IT Specialist 4 for State of Minnesota at Saint Paul, Minnesota
GIS Developer for Farragut Systems at DURHAM, North Carolina
Sr. Product Design Engineer for Clarus at Fort Worth, Texas
Product Engineer (Midlevel) for Clarus at Fort Worth, Texas
Upcoming Events
DJI's 4th Annual Enterprise Conference AirWorks 2019 at Westin Bonaventure Hotel & Suites Los Angeles CA - Sep 24 - 26, 2019
GIS-Pro 2019 at New Orleans LA - Sep 28 - 2, 2019
2019 AGIC Education & Training Symposium at Prescott Resort and Conference Center 1500 State Route 69 Prescott, AZ 86301 Prescott AZ - Oct 1 - 4, 2019
Pix4D User Conference 2019 at McNichols Civic Center Building Denver CO - Oct 2 - 3, 2019
University of Denver GIS Masters Degree Online
Intergeo 2019



Internet Business Systems © 2019 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise