Dell Technologies (DELL) FY2022 results: revenue $101.2 billion, up 16.8% on the year
Dell Technologies Inc. (DELL) reported revenue of $101.2 billion for fiscal 2022, the year ended 28 January 2022, up 16.8% on the year before. Net income was $5.6 billion, up 71.2%, and diluted earnings per share $7.02. The figures are the company's own, from the 10-K it filed with the SEC on 24 March 2022.
Revenue
$101.2 billion
+16.8% on the year
FY2015FY2022
Operating margin
4.6%
4.3% a year earlier
FY2015FY2022
Net income
$5.6 billion
+71.2% on the year
FY2015FY2022
Diluted EPS
$7.02
+66.4% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
10,307
11,407
9,291
-9.6%
Capital expenditure
2,796
2,082
2,576
+34.3%
Free cash flow
7,511
9,325
6,715
-19.5%
Free cash flow margin
7.4%
10.8%
7.9%
Cash from investing
1,306
-460
-4,686
Cash from financing
-16,609
-5,950
-4,604
Depreciation and amortisation
4,551
5,390
6,143
-15.6%
Share-based compensation
1,622
1,609
1,262
+0.8%
Buybacks
1,496
241
8.0
+520.7%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
791m
767m
751m
+3.1%
Shares outstanding at period end
757m
753m
743m
+0.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
-1,685
2,479
-1,574
Non-controlling interest
105
5,074
4,729
-97.9%
Redeemable equity
0.0
472
629
Debt
26,954
39,222
52,056
-31.3%
Operating lease liabilities
720
897
1,360
-19.7%
Other liabilities
66,641
75,271
61,661
-11.5%
Total liabilities and equity
92,735
123,415
118,861
-24.9%
Fixed assets
5,415
4,833
6,055
+12.0%
Goodwill
19,770
20,028
21,159
-1.3%
Intangible assets
7,461
9,115
18,107
-18.1%
Investments
1,839
1,334
864
+37.9%
Cash and equivalents
9,477
9,508
9,302
-0.3%
Receivables
12,912
10,731
12,484
+20.3%
Inventory
5,898
3,402
3,281
+73.4%
Other assets
29,963
64,464
47,609
-53.5%
Total assets
92,735
123,415
118,861
-24.9%
10-K for the year ended 28 January 2022, filed 24 March 2022: the filing.