Dell Technologies (DELL) FY2024 results: revenue $88.4 billion, down 13.6% on the year
Dell Technologies Inc. (DELL) reported revenue of $88.4 billion for fiscal 2024, the year ended 2 February 2024, down 13.6% on the year before. Net income was $3.4 billion, up 38.7%, and diluted earnings per share $4.60. The figures are the company's own, from the 10-K it filed with the SEC on 25 March 2024.
Revenue
$88.4 billion
-13.6% on the year
FY2017FY2024
Operating margin
6.1%
5.6% a year earlier
FY2017FY2024
Net income
$3.4 billion
+38.7% on the year
FY2017FY2024
Diluted EPS
$4.60
+42.0% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
8,676
3,565
10,307
+143.4%
Capital expenditure
2,756
3,003
2,796
-8.2%
Free cash flow
5,920
562
7,511
+953.4%
Free cash flow margin
6.7%
0.5%
7.4%
Cash from investing
-2,783
-3,024
1,306
Cash from financing
-7,094
-1,625
-16,609
Depreciation and amortisation
3,303
3,156
4,551
+4.7%
Share-based compensation
878
931
1,622
-5.7%
Buybacks
2,080
2,883
1,496
-27.9%
Dividends paid
1,072
964
0.0
+11.2%
Dividend per share
$1.48
$1.32
n/a
+12.1%
Diluted shares, weighted
736m
753m
791m
-2.3%
Shares outstanding at period end
705m
716m
757m
-1.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
-2,227
-3,122
-1,685
Non-controlling interest
95.0
97.0
105
-2.1%
Redeemable equity
n/a
n/a
0.0
Debt
25,994
29,588
26,954
-12.1%
Operating lease liabilities
576
630
720
-8.6%
Other liabilities
57,651
62,418
66,641
-7.6%
Total liabilities and equity
82,089
89,611
92,735
-8.4%
Fixed assets
6,432
6,209
5,415
+3.6%
Goodwill
19,700
19,676
19,770
+0.1%
Intangible assets
5,701
6,468
7,461
-11.9%
Investments
1,316
1,518
1,839
-13.3%
Cash and equivalents
7,366
8,607
9,477
-14.4%
Receivables
9,343
12,482
12,912
-25.1%
Inventory
3,622
4,776
5,898
-24.2%
Other assets
28,609
29,875
29,963
-4.2%
Total assets
82,089
89,611
92,735
-8.4%
10-K for the year ended 2 February 2024, filed 25 March 2024: the filing.