Dell 1999 Annual Report Download - page 23

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Proceeds from issuance of long-term debt, net of issuance costs 20 494 —
Cash received from sale of equity options and other 63 — 37
Repayments of borrowings (6) — —
Net cash used in financing activities (695) (812) (898)
Effect of exchange rate changes on cash 35 (10) (14)
Net increase in cash 2,083 684 23
Cash and cash equivalents at beginning of period 1,726 1,042 1,019
Cash and cash equivalents at end of period $ 3,809 $ 1,726 $ 1,042
The accompanying notes are an integral part of these consolidated financial statements.
31
DELL COMPUTER CORPORATION
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
(in millions)
Common Stock and
Capital in Excess Other
of Par Value Compre-
Retained hensive
Shares Amount Earnings Income Other Total
Balances at February 2, 1997 2,769 $ 195 $ 647 $ (14) $ (22) $ 806
Net income — — 944 — — 944
Foreign currency translation adjustments — — — (21) — (21)
Total comprehensive income 923
Stock issuance under employee plans, including tax benefits 84 274 — — (11) 263
Purchase and retirement of 278 million shares (278) (39) (984) — — (1,023)
Reclassification of put options — 279 — — — 279
Other — 38 — — 7 45
Balances at February 1, 1998 2,575 747 607 (35) (26) 1,293
Net income — — 1,460 — — 1,460
Change in unrealized gain on investments, net of tax provision of $2 — — — 3 — 3
Foreign currency translation adjustments — — — (4) — (4)
Total comprehensive income 1,459
Stock issuance under employee plans, including tax benefits 117 1,092 — — (7) 1,085
Purchase and retirement of 149 million shares (149) (60) (1,458) — — (1,518)
Other — 2 (3) 3 2
Balances at January 29, 1999 2,543 1,781 606 (36) (30) 2,321
Net income — — 1,666 — 1,666
Change in unrealized gain on investments, net tax provision of $301 — — — 559 — 559
Foreign currency translation adjustments — — — 10 — 10
Total comprehensive income 2,235
Stock issuance under employee plans, including tax benefits 82 1,406 — — (46) 1,360
Purchase and retirement of 56 million shares (56) (48) (1,013) — — (1,061)
Stock issued pursuant to acquisition 6 334 — — — 334
Other — 110 1 — 8 119
Balances at January 28, 2000 2,575 $ 3,583 $ 1,260 $ 533 $ (68) $ 5,308
The accompanying notes are an integral part of these consolidated financial statements.
32
DELL COMPUTER CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 1 — Description of Business and Summary of Significant Accounting Policies
Description of Business — Dell Computer Corporation, a Delaware corporation (including its consolidated subsidiaries) (the
"Company"), designs, develops, manufactures, markets, services and supports a wide range of computer systems, including desktop
computer systems, notebook computers and enterprise systems (includes servers, workstations and storage products), and also markets
software, peripherals and service and support programs. The Company is managed on a geographic basis with those geographic
segments being the Americas, Europe and Asia-Pacific and Japan regions. The Company markets and sells its computer products and
services under the Dell® brand name directly to its various customer groups. These customer groups include large corporate,