Dell 2010 Annual Report Download - page 63

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Table of Contents
DELL INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in millions)
Fiscal Year Ended
January 28, January 29, January 30,
2011 2010 2009
Cash flows from operating activities:
Net income $ 2,635 $ 1,433 $ 2,478
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 970 852 769
Stock-based compensation 332 312 418
Effects of exchange rate changes on monetary assets and liabilities
denominated in foreign currencies (4) 59 (115)
Deferred income taxes (45) (52) 86
Provision for doubtful accounts — including financing receivables 382 429 310
Other 26 102 34
Changes in assets and liabilities, net of effects from acquisitions:
Accounts receivable (707) (660) 480
Financing receivables (709) (1,085) (302)
Inventories (248) (183) 309
Other assets 516 (225) (106)
Accounts payable (151) 2,833 (3,117)
Deferred services revenue 551 135 663
Accrued and other liabilities 421 (44) (13)
Change in cash from operating activities 3,969 3,906 1,894
Cash flows from investing activities:
Investments:
Purchases (1,360) (1,383) (1,584)
Maturities and sales 1,358 1,538 2,333
Capital expenditures (444) (367) (440)
Proceeds from sale of facility and land 18 16 44
Purchase of financing receivables (430) - -
Collections on purchased financing receivables 69 - -
Acquisition of business, net of cash received (376) (3,613) (176)
Change in cash from investing activities (1,165) (3,809) 177
Cash flows from financing activities:
Repurchase of common stock (800) - (2,867)
Issuance of common stock under employee plans 12 2 79
Issuance (repayment) of commercial paper (maturity 90 days or less), net (176) 76 100
Proceeds from debt 3,069 2,058 1,519
Repayments of debt (1,630) (122) (237)
Other 2 (2) -
Change in cash from financing activities 477 2,012 (1,406)
Effect of exchange rate changes on cash and cash equivalents (3) 174 (77)
Change in cash and cash equivalents 3,278 2,283 588
Cash and cash equivalents at beginning of the period 10,635 8,352 7,764
Cash and cash equivalents at end of the period $ 13,913 $ 10,635 $ 8,352
Income tax paid $ 435 $ 434 $ 800
Interest paid $ 188 $ 151 $ 74
The accompanying notes are an integral part of these consolidated financial statements.
59