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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Feb. 02, 2024
Feb. 03, 2023
Jan. 28, 2022
Net revenue:      
Total net revenue $ 88,425 $ 102,301 $ 101,197
Cost of net revenue :      
Total cost of net revenue [1] 67,556 79,615 79,306
Gross margin 20,869 22,686 21,891 Close
Operating expenses:      
Selling, general, and administrative 12,857 14,136 14,655
Research and development 2,801 2,779 2,577
Total operating expenses 15,658 16,915 17,232 Close
Operating income 5,211 5,771 4,659 Close
Interest and other, net (1,324) (2,546) 1,264 Close
Total Other Income Expenses -1324.0 -2546.0 1264.0 0 0 Close
Income before income taxes 3,887 3,225 5,923 CloseClose
Income tax expense 692 803 981 Close
Net income 3,195 2,422 4,942 Close
Income from discontinued operations, net of income taxes (Note 3) 0 0 765
Net income 3,195 2,422 5,707
Less: Net loss attributable to non-controlling interests (16) (20) (6)
Less: Net income attributable to non-controlling interests of discontinued operations 0 0 150
Net income attributable to Dell Technologies Inc. $ 3,211 $ 2,442 $ 5,563
Earnings per share attributable to Dell Technologies Inc. — basic:      
Continuing operations (in dollars per share) $ 4.46 $ 3.33 $ 6.49
Discontinuing operations (in dollars per share) 0 0 0.81
Earnings per share attributable to Dell Technologies Inc. — diluted:      
Continuing operations (in dollars per share) 4.36 3.24 6.26
Discontinuing operations (in dollars per share) $ 0 $ 0 $ 0.76
Products      
Net revenue:      
Total net revenue $ 64,353 $ 79,250 $ 79,830
Cost of net revenue :      
Total cost of net revenue [1] 53,316 66,029 67,224
Services      
Net revenue:      
Total net revenue 24,072 23,051 21,367
Cost of net revenue :      
Total cost of net revenue [1] $ 14,240 $ 13,586 $ 12,082
[1]
(a) Includes related party cost of net revenue as follows (Note 20):
Products$1,010 $1,634 $1,577 
Services$2,810 $3,065 $2,487