Dell Technologies Reports Fiscal Year 2020 Fourth Quarter and Full Year Financial Results

 

DELL TECHNOLOGIES INC.
Reconciliation of Selected Non-GAAP Financial Measures
For the Three Months Ended January 31, 2020
(in millions, except per share amounts; unaudited)



GAAP


Amortization of
intangibles


Impact of
purchase
ccounting


Transaction-
related
expenses


Stock-based
compensation
expense


Other
Corporate
expenses


Fair value
adjustments
on equity
investments


Aggregate
adjustment
for income
taxes


Non-
GAAP

Net income

$

416



1,074



112



120



376



368



(34)



(748)



$

1,684


Less: Net income attributable to non-controlling
interests (a)

8



76



6



32



65



45





(61)



171


Net income attributable to Dell Technologies Inc.
- basic

408



998



106



88



311



323



(34)



(687)



1,513


Incremental dilution from VMware, Inc.
attributable to Dell Technologies Inc. (b)

(3)

















(8)


Net income attributable to Dell Technologies Inc.
- diluted

$

405

















$

1,505




















Earnings per share - basic

$

0.56

















$

2.06


Earnings per share - diluted

$

0.54

















$

2.00




















Weighted-average shares outstanding - basic

734

















734


Weighted-average shares outstanding - diluted

754

















754


_________________



(a)

Net income attributable to non-controlling interests is calculated by multiplying the minority interest percentage of VMware, Inc., Pivotal Software, Inc., and
SecureWorks Corp. by their non-GAAP net income adjustments for the period presented.

(b)

Incremental dilution from VMware, Inc. attributable to Dell Technologies Inc. represents the impact of VMware, Inc.'s dilutive securities on the diluted earnings per
share of Dell Technologies Inc. and is calculated by multiplying the difference between VMware, Inc.'s basic and diluted earnings per share by the number of shares of
VMware, Inc. common stock held by Dell Technologies Inc.


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13  Next Page »



Review Article Be the first to review this article



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise