| HP INC. AND SUBSIDIARIES
ADJUSTMENTS TO GAAP NET EARNINGS, EARNINGS FROM OPERATIONS, OPERATING MARGIN AND DILUTED NET EARNINGS PER SHARE (Unaudited) (In millions, except per share amounts) | ||||||||||||||||||||||||||||||
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Three
months ended July 31, 2017 |
Diluted
net earnings per share |
Three
months ended April 30, 2017 |
Diluted
net earnings per share |
Three
months ended July 31, 2016 |
Diluted
net earnings per share | |||||||||||||||||||||||||
| GAAP net earnings from continuing operations | $ | 696 | $ | 0.41 | $ | 559 | $ | 0.33 | $ | 843 | $ | 0.49 | ||||||||||||||||||
| Non-GAAP adjustments: | ||||||||||||||||||||||||||||||
| Restructuring and other charges | 46 | 0.03 | 140 | 0.08 | 36 | 0.02 | ||||||||||||||||||||||||
| Acquisition-related charges | 40 | 0.02 | 20 | 0.01 | — | — | ||||||||||||||||||||||||
| Amortization of intangible assets | — | — | 1 | — | 2 | — | ||||||||||||||||||||||||
| Non-operating retirement-related credits | (34 | ) | (0.02 | ) | (35 | ) | (0.02 | ) | (38 | ) | (0.02 | ) | ||||||||||||||||||
| Defined benefit plan settlement charges | 1 | — | 3 | — | — | — | ||||||||||||||||||||||||
| Tax indemnification credits | (10 | ) | (0.01 | ) | (5 | ) | — | (29 | ) | (0.02 | ) | |||||||||||||||||||
| Adjustments for taxes | (4 | ) | — | 2 | — | 12 | 0.01 | |||||||||||||||||||||||
| Non-GAAP net earnings | $ | 735 | $ | 0.43 | $ | 685 | $ | 0.40 | $ | 826 | $ | 0.48 | ||||||||||||||||||
| GAAP earnings from continuing operations | $ | 955 | $ | 818 | $ | 1,117 | ||||||||||||||||||||||||
| Non-GAAP adjustments: | ||||||||||||||||||||||||||||||
| Restructuring and other charges | 46 | 140 | 36 | |||||||||||||||||||||||||||
| Acquisition-related charges | 40 | 20 | — | |||||||||||||||||||||||||||
| Amortization of intangible assets | — | 1 | 2 | |||||||||||||||||||||||||||
| Non-operating retirement-related credits | (34 | ) | (35 | ) | (38 | ) | ||||||||||||||||||||||||
| Defined benefit plan settlement charges | 1 | 3 | — | |||||||||||||||||||||||||||
| Non-GAAP earnings | $ | 1,008 | $ | 947 | $ | 1,117 | ||||||||||||||||||||||||
| GAAP operating margin from continuing operations | 7 | % | 7 | % | 9 | % | ||||||||||||||||||||||||
| Non-GAAP adjustments | 1 | % | 1 | % | 0 | % | ||||||||||||||||||||||||
| Non-GAAP operating margin | 8 | % | 8 | % | 9 | % | ||||||||||||||||||||||||
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HP Inc. Reports Fiscal 2017 Third Quarter Results
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