Dell 2000 Annual Report Download - page 21

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Schedule II — Valuation and Qualifying Accounts 51
All other schedules are omitted because they are not applicable.
25
Table of Contents
REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Directors and Stockholders of
Dell Computer Corporation
In our opinion, the consolidated financial statements listed in the accompanying index present fairly, in all material respects, the
financial position of Dell Computer Corporation and its subsidiaries at February 2, 2001 and January 28, 2000, and the results of their
operations and their cash flows for each of the three fiscal years in the period ended February 2, 2001, in conformity with accounting
principles generally accepted in the United States of America. In addition, in our opinion, the financial statement schedule listed in the
accompanying index presents fairly, in all material respects, the information set forth therein when read in conjunction with the related
consolidated financial statements. These financial statements and financial statement schedule are the responsibility of the Company's
management; our responsibility is to express an opinion on these financial statements and financial statement schedule based on our
audits. We conducted our audits of these statements in accordance with auditing standards generally accepted in the United States of
America, which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are
free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the
overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
As discussed in Note 1 to the consolidated financial statements, in fiscal year 2001 the Company changed its revenue recognition for
certain product shipments.
PRICEWATERHOUSECOOPERS LLP
Austin, Texas
February 15, 2001 26
Table of Contents
DELL COMPUTER CORPORATION
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(in millions, except per share amounts)
February 2, January 28,
2001 2000
ASSETS
Current assets:
Cash and cash equivalents $ 4,910 $ 3,809
Short-term investments 528 323
Accounts receivable, net 2,895 2,608
Inventories 400 391
Other 758 550
Total current assets 9,491 7,681
Property, plant and equipment, net 996 765
Investments 2,418 2,721
Other non-current assets 530 304
Total assets $ 13,435 $ 11,471
LIABILITIES AND STOCKHOLDERS' EQUITY