Dell 2001 Annual Report Download - page 37

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Table of Contents
DELL COMPUTER CORPORATION
CONSOLIDATED STATEMENT OF CASH FLOWS
(in millions)
Fiscal Year Ended
February 1, February 2, January 28,
2002 2001 2000
Cash flows from operating activities:
Net income $ 1,246 $ 2,177 $ 1,666
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 239 240 156
Tax benefits of employee stock plans 487 929 1,040
Special charges 742 105 194
(Gains)/losses on investments 17 (307) (80)
Other 178 135 56
Changes in:
Operating working capital 826 642 812
Non-current assets and liabilities 62 274 82
Net cash provided by operating activities 3,797 4,195 3,926
Cash flows from investing activities:
Investments:
Purchases (5,382) (2,606) (3,101)
Maturities and sales 3,425 2,331 2,319
Capital expenditures (303) (482) (401)
Net cash used in investing activities (2,260) (757) (1,183)
Cash flows from financing activities:
Purchase of common stock (3,000) (2,700) (1,061)
Issuance of common stock under employee plans 295 404 289
Other 3 (9) 77
Net cash used in financing activities (2,702) (2,305) (695)
Effect of exchange rate changes on cash (104) (32) 35
Net (decrease) increase in cash (1,269) 1,101 2,083
Cash and cash equivalents at beginning of period 4,910 3,809 1,726
Cash and cash equivalents at end of period $ 3,641 $ 4,910 $ 3,809
The accompanying notes are an integral part of these consolidated financial statements.
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