DELL COMPUTER CORP

CIK:0000826083|SEC Filings

Accumulated Other Comprehensive Loss (Notes)

6 Months Ended

Aug. 02, 2013

Other Comprehensive Income (Loss), Net of Tax [Abstract]

NOTE 10 — ACCUMULATED OTHER COMPREHENSIVE LOSS

Accumulated other comprehensive loss is presented in the Condensed Consolidated Statements of Financial Position and is comprised of amounts related to foreign currency translation adjustments, changes in the fair value of Dell's available-for-sale investments, and amounts related to Dell's cash flow hedges. The following table presents changes in accumulated other comprehensive loss, net of tax, by the following components:



	Foreign Currency Translation Adjustments			Available-for-Sale Investments			Cash Flow Hedges			Accumulated Other Comprehensive Loss
	(in millions)
Balances at February 1, 2013	$	(68	)	$	8		$	1		$	(59	)
Other comprehensive income (loss) before reclassifications	(101		)	(4		)	88			(17		)
Amounts reclassified from accumulated other comprehensive loss	—			—			(77		)	(77		)
Total change for the period	(101		)	(4		)	11			(94		)
Balances at August 2, 2013	$	(169	)	$	4		$	12		$	(153	)

Amounts related to available-for-sale investments are reclassified to net income when gains and losses are realized. See Notes 2 and 3 to the Condensed Consolidated Financial Statements for more information on Dell's investments. Amounts related to Dell's cash flow hedges are reclassified to net income during the same period in which the items being hedged are recognized in earnings. In addition, any hedge ineffectiveness related to cash flow hedges is recognized currently in net income. See Note 6 to the Condensed Consolidated Financial Statements for more information on Dell's derivative instruments. The following table presents reclassifications out of accumulated other comprehensive loss, net of tax, which consists entirely of gains and losses related to cash flow hedges, to net income for the three and six months ended August 2, 2013:



	Three Months Ended			Six Months Ended
	(in millions)
Total Reclassifications, net of tax:
Net revenue	$	36		$	65
Cost of net revenue	9			11
Interest and other, net	(2		)	1
Total	$	43		$	77

Condensed Consolidated Statements of Cash Flows (USD $) In Millions, unless otherwise specified	6 Months Ended
	Aug. 02, 2013	Aug. 03, 2012
Cash flows from operating activities:
Net income	$ 334	$ 1,367
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	650	529
Stock-based compensation expense	138	192
Effects of exchange rate changes on monetary assets and liabilities denominated in foreign currencies	49	15
Deferred income taxes	(265)	(48)
Provision for doubtful accounts — including financing receivables	104	121
Other	31	12
Changes in assets and liabilities, net of effects from acquisitions:
Accounts receivable	(205)	(472)
Financing receivables	19	11
Inventories	(89)	(190)
Other assets	107	(196)
Accounts payable	528	(440)
Deferred revenue	94	122
Accrued and other liabilities	144	(524)
Change in cash from operating activities	1,639	499
Cash flows from investing activities:
Purchases	(405)	(1,190)
Maturities and sales	489	2,440
Capital expenditures	(322)	(262)
Proceeds from the sale of facilities, land, and other assets	0	34
Collections on purchased financing receivables	49	102
Acquisitions of businesses, net of cash received	(264)	(2,411)
Divestitures of businesses, net of cash transferred	48	0
Change in cash from investing activities	(405)	(1,287)
Cash flows from financing activities:
Repurchases of common stock	0	(724)
Cash dividends paid	(283)	0
Issuance of common stock under employee plans	31	44
Issuance (repayment) of commercial paper (maturity 90 days or less), net	0	138
Proceeds from debt	878	1,151
Repayments of debt	(3,143)	(2,104)
Other	(1)	8
Change in cash from financing activities	(2,518)	(1,487)
Effect of exchange rate changes on cash and cash equivalents	(100)	(58)
Change in cash and cash equivalents	(1,384)	(2,333)
Cash and cash equivalents at beginning of the period	12,569	13,852
Cash and cash equivalents at the end of the period	$ 11,185	$ 11,519

Condensed Consolidated Statements of Financial Position (USD $) In Millions, unless otherwise specified	Aug. 02, 2013	Feb. 01, 2013
Current assets:
Cash and cash equivalents	$ 11,185	$ 12,569
Short-term investments	643	208
Accounts receivable, net	6,591	6,629
Short-term financing receivables, net	3,131	3,213
Inventories, net	1,468	1,382
Other current assets	3,848	3,967
Total current assets	26,866	27,968
Property, plant and equipment, net	2,212	2,126
Long-term investments	2,048	2,565
Long-term financing receivables, net	1,469	1,349
Goodwill	9,253	9,304
Purchased intangible assets, net	2,990	3,374
Other non-current assets	1,033	854
Total assets	45,871	47,540
Current liabilities:
Short-term debt	2,736	3,843
Accounts payable	12,051	11,579
Accrued and other	3,657	3,644
Short-term deferred revenue	4,312	4,373
Total current liabilities	22,756	23,439
Long-term debt	4,075	5,242
Long-term deferred revenue	4,003	3,971
Other non-current liabilities	4,256	4,187
Total liabilities	35,090	36,839
Commitments and contingencies (Note 11)
Stockholders' equity:
Common stock and capital in excess of $.01 par value; shares authorized: 7,000; shares issued: 2,958 and 3,413, respectively; shares outstanding: 1,758 and 1,738, respectively	12,698	12,554
Treasury stock at cost: 1,200 and 1,200 shares, respectively	(32,145)	(32,145)
Retained earnings	30,381	30,330
Accumulated other comprehensive loss	(153)	(59)
Total Dell stockholders’ equity	10,781	10,680
Noncontrolling interest	0	21
Total stockholders’ equity	10,781	10,701
Total liabilities and stockholders' equity	$ 45,871	$ 47,540