Dell 2009 Annual Report Download - page 56

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Table of Contents
DELL INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in millions)
Fiscal Year Ended
January 29, January 30, February 1,
2010 2009 2008
Cash flows from operating activities:
Net income $ 1,433 $ 2,478 $ 2,947
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 852 769 607
Stock-based compensation 312 418 329
In-process research and development charges - 2 83
Effects of exchange rate changes on monetary assets and liabilities denominated in foreign currencies 59 (115) 30
Deferred income taxes (52) 86 (308)
Provision for doubtful accounts — including financing receivables 429 310 187
Other 102 32 30
Changes in operating assets and liabilities, net of effects from acquisitions:
Accounts receivable (660) 480 (1,086)
Financing receivables (1,085) (302) (394)
Inventories (183) 309 (498)
Other assets (225) (106) (121)
Accounts payable 2,833 (3,117) 837
Deferred services revenue 135 663 1,032
Accrued and other liabilities (44) (13) 274
Change in cash from operating activities 3,906 1,894 3,949
Cash flows from investing activities:
Investments:
Purchases (1,383) (1,584) (2,394)
Maturities and sales 1,538 2,333 3,679
Capital expenditures (367) (440) (831)
Proceeds from sale of facility and land 16 44 -
Acquisition of business, net of cash received (3,613) (176) (2,217)
Change in cash from investing activities (3,809) 177 (1,763)
Cash flows from financing activities:
Repurchase of common stock - (2,867) (4,004)
Issuance of common stock under employee plans 2 79 136
Issuance of commercial paper (maturity 90 days or less), net 76 100 (100)
Proceeds from debt 2,058 1,519 66
Repayments of debt (122) (237) (165)
Other (2) - (53)
Change in cash from financing activities 2,012 (1,406) (4,120)
Effect of exchange rate changes on cash and cash equivalents 174 (77) 152
Change in cash and cash equivalents 2,283 588 (1,782)
Cash and cash equivalents at beginning of the year 8,352 7,764 9,546
Cash and cash equivalents at end of the year $ 10,635 $ 8,352 $ 7,764
Income tax paid $ 434 $ 800 $ 767
Interest paid $ 151 $ 74 $ 54
The accompanying notes are an integral part of these consolidated financial statements.
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