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

Harris

Featured Video
Jobs
Geospatial Software Developer for Applied Research Laboratories UTA at Austin, Texas
Mechanical Test Engineer for Dynetics at Huntsville, California
Mechanical Engineer for Parker Drilling at Lafayette, Louisiana
Electrical/Mechanical CAD Design Engineer for Dynetics at Huntsville, California
Upcoming Events
2019 LOS ANGELES GEOSPATIAL SUMMIT at USC RADISSON HOTEL, 3540 S. Figueroa Street Los Angeles CA - Feb 22, 2019
GIS/CAMA 2019 at Marriott Downtown Waterfront Portland OR - Feb 25 - 28, 2019
Geodesign Summit 2019 at Redlands CA - Feb 25 - 28, 2019
OGC Marine Summit at The National University of Singapore Singapore - Feb 27, 2019
University of Denver GIS Masters Degree Online



Internet Business Systems © 2019 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