Dell Reports Strong Profitability in Third Quarter

SUPPLEMENTAL NON-GAAP FINANCIAL MEASURES

The tables on the following pages set forth, for the periods indicated, a reconciliation of non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income, and non-GAAP earnings per share (collectively, the “non-GAAP financial measures”) to the most comparable GAAP financial measures. These non-GAAP financial measures may not be directly comparable to similarly titled measures reported by other companies. See “Use of Non-GAAP Financial Measures” following the tables for additional information regarding Dell’s reasons for including the non-GAAP financial measures and for material limitations with respect to the usefulness of these measures.

         
 
DELL INC.
Reconciliation of Non-GAAP Financial Measures
(in millions, except per share data and percentages)
(unaudited)
 
Three Months Ended % Growth Rates
October 28, July 29, October 29,
2011 2011 2010 Sequential Yr. to Yr.
 

 

GAAP gross margin $ 3,469 $ 3,525 $ 3,003 (2 %) 16 %
 
Non-GAAP adjustments:
Amortization of intangibles 77 74 71
Severance and facility actions - - 4
Acquisition-related   -     26     -  
Non-GAAP gross margin $ 3,546   $ 3,625   $ 3,078   (2 %) 15 %
 
 
GAAP operating expenses $ 2,327 $ 2,379 $ 1,979 (2 %) 18 %
 
Non-GAAP adjustments:
Amortization of intangibles (23 ) (21 ) (18 )
Severance and facility actions - - (27 )
Acquisition-related   (46 )   (61 )   (23 )
Non-GAAP operating expenses $ 2,258   $ 2,297   $ 1,911   (2 %) 18 %
 
 
GAAP operating income $ 1,142 $ 1,146 $ 1,024 0 % 12 %
 
Non-GAAP adjustments:
Amortization of intangibles 100 95 89
Severance and facility actions - - 31
Acquisition-related   46     87     23  
Non-GAAP operating income $ 1,288   $ 1,328   $ 1,167   (3 %) 10 %
 
 
GAAP net income $ 893 $ 890 $ 822 0 % 9 %
 
Non-GAAP adjustments:
Amortization of intangibles 100 95 89
Severance and facility actions - - 31
Acquisition-related 46 87 23
Other (1) - - (72 )
Aggregate adjustment for income taxes   (56 )   (66 )   (18 )
Non-GAAP net income $ 983   $ 1,006   $ 875   (2 %) 12 %
 
 
GAAP earnings per share - diluted $ 0.49 $ 0.48 $ 0.42 2 % 17 %
Non-GAAP adjustments per share - diluted   0.05     0.06     0.03  
Non-GAAP earnings per share - diluted $ 0.54   $ 0.54   $ 0.45   0 % 20 %
 
 
GAAP Diluted WAS 1,828 1,871 1,949
 
 

Percentage of Total Net Revenue:

 
GAAP gross margin 22.6 % 22.5 % 19.5 %
Non-GAAP adjustment   0.5 %   0.7 %   0.5 %
Non-GAAP gross margin   23.1 %   23.2 %   20.0 %
 
GAAP operating expenses 15.2 % 15.2 % 12.8 %
Non-GAAP adjustment   (0.5 %)   (0.5 %)   (0.4 %)
Non-GAAP operating expenses   14.7 %   14.7 %   12.4 %
 
GAAP operating income 7.4 % 7.3 % 6.7 %
Non-GAAP adjustment   1.0 %   1.2 %   0.9 %
Non-GAAP operating income   8.4 %   8.5 %   7.6 %
 
GAAP net income 5.8 % 5.7 % 5.3 %
Non-GAAP adjustment   0.6 %   0.7 %   0.4 %
Non-GAAP net income   6.4 %   6.4 %   5.7 %
 
Note: Percentage growth rates and ratios are calculated based on underlying data in thousands.
 

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



Review Article Be the first to review this article


Jobs
Geospatial Software QA Engineer for Applied Research Associates, Inc at Albuquerque, North Carolina
Upcoming Events
GeoBuiz Summit 2019 at Hotel Intercontinental, 888 Howard St San Francisco CA - Jan 14 - 15, 2019
PrecisionAg Vision Conference 2019 at Hyatt Regency Lake Washington Seattle WA - Jan 15 - 16, 2019
Defence Geospatial Intelligence (DGI) 2019 at Royal Lancaster London London United Kingdom - Jan 28 - 30, 2019
International LiDAR Mapping Forum 2019 at Hyatt Regency Denver Colorado Convention Center, 650 15th Street Denver CO - Jan 28 - 30, 2019
Teledyne Optech
Teledyne:



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+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