Dell Technologies Reports Fiscal Year 2019 Third Quarter Financial Results

 

DELL TECHNOLOGIES INC.

Reconciliation of Selected Non-GAAP Financial Measures

(in millions, except percentages; unaudited)














Three Months Ended




Nine Months Ended




November 2, 2018


November 3, 2017


Change


November 2, 2018


November 3, 2017


Change













Net revenue

$                   22,482


$                   19,556


15 %


$                   66,780


$                   57,077


17 %

   Non-GAAP adjustments:












   Impact of purchase accounting

169


295




536


985



   Non-GAAP net revenue

$                   22,651


$                   19,851


14 %


$                   67,316


$                   58,062


16 %













Gross margin

$                     5,943


$                     5,220


14 %


$                   17,944


$                   14,645


23 %

   Non-GAAP adjustments:












   Amortization of intangibles

726


914




2,154


2,784



   Impact of purchase accounting

171


307




549


1,020



   Transaction-related expenses

102


5




239


22



   Other corporate expenses

58


28




99


63



   Non-GAAP gross margin

$                     7,000


$                     6,474


8 %


$                   20,985


$                   18,534


13 %













Operating expenses

$                     6,299


$                     5,630


12 %


$                   18,466


$                   16,992


9 %

   Non-GAAP adjustments:












   Amortization of intangibles

(820)


(820)




(2,440)


(2,466)



   Impact of purchase accounting

(22)


(59)




(81)


(175)



   Transaction-related expenses

(65)


(81)




(198)


(393)



   Other corporate expenses

(456)


(305)




(960)


(824)



   Non-GAAP operating expenses

$                     4,936


$                     4,365


13 %


$                   14,787


$                   13,134


13 %













Operating loss

$                      (356)


$                      (410)


13 %


$                      (522)


$                   (2,347)


78 %

   Non-GAAP adjustments:












   Amortization of intangibles

1,546


1,734




4,594


5,250



   Impact of purchase accounting

193


366




630


1,195



   Transaction-related expenses

167


86




437


415



   Other corporate expenses

514


333




1,059


887



   Non-GAAP operating income

$                     2,064


$                     2,109


(2)%


$                     6,198


$                     5,400


15 %













Net loss

$                      (895)


$                      (851)


(5)%


$                   (1,894)


$                   (2,793)


32 %

   Non-GAAP adjustments:












   Amortization of intangibles

1,546


1,734




4,594


5,250



   Impact of purchase accounting

193


366




630


1,195



   Transaction-related expenses

167


86




437


415



   Other corporate expenses

514


333




1,059


887



   Aggregate adjustment for income taxes

(325)


(469)




(1,103)


(1,882)



   Non-GAAP net income

$                     1,200


$                     1,199


0 %


$                     3,723


$                     3,072


21 %













Net loss

$                      (895)


$                      (851)


(5)%


$                   (1,894)


$                   (2,793)


32 %

   Adjustments:












   Interest and other, net

639


682




1,564


1,799



   Income tax benefit

(100)


(241)




(192)


(1,353)



   Depreciation and amortization

1,961


2,137




5,806


6,491



   EBITDA

$                     1,605


$                     1,727


(7)%


$                     5,284


$                     4,144


28 %













EBITDA

$                     1,605


$                     1,727


(7)%


$                     5,284


$                     4,144


28 %

   Adjustments:












   Stock-based compensation expense

256


221




671


630



   Impact of purchase accounting

169


298




536


990



   Transaction-related expenses

158


86




409


415



   Other corporate expenses

238


109




368


237



   Adjusted EBITDA

$                     2,426


$                     2,441


(1)%


$                     7,268


$                     6,416


13 %


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



Review Article Be the first to review this article


Featured Video
Jobs
GIS Analyst for Union County NC at Monroe, California
Manager, Remote Sensing Sales for One-Compass Suite of Companies at Denver, Colorado
AVL Sales Manager for One-Compass Suite of Companies at Denver, Colorado
Regional Sales Manager for Teledyne Optech at Vaughan, Canada
GIS Supervisor for Sanborn at Colorado Springs, Colorado
Director of Strategic Accounts for Sanborn at Colorado Springs, Colorado
Upcoming Events
GEO Business at ExCel London United Kingdom - May 19 - 20, 2021
FOSSGIS-Konferenz 2021 at OST - Ostschweizer Fachhochschule Campus Rapperswil Oberseestrasse 10 Rapperswil Switzerland - Jun 6 - 9, 2021
GI_Forum 2021 | re.connecting spatially at Salzburg Austria - Jul 5 - 9, 2021
InterDrone 2021 at Hyatt Regency Dallas TX - Aug 10 - 12, 2021
University of Denver GIS Masters Degree Online
UAV Expo2021 -Register   & save



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+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