| 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) | ||||||||||||||||||||
|
Nine months
ended July 31, 2017 |
Diluted
net earnings per share |
Nine months
ended July 31, 2016 |
Diluted
net earnings per share | |||||||||||||||||
| GAAP net earnings from continuing operations | $ | 1,866 | $ | 1.09 | $ | 2,153 | $ | 1.23 | ||||||||||||
| Non-GAAP adjustments: | ||||||||||||||||||||
| Restructuring and other charges | 249 | 0.15 | 156 | 0.09 | ||||||||||||||||
| Acquisition-related charges | 76 | 0.04 | — | — | ||||||||||||||||
| Amortization of intangible assets | 1 | — | 16 | 0.01 | ||||||||||||||||
| Non-operating retirement-related credits | (101 | ) | (0.06 | ) | (118 | ) | (0.07 | ) | ||||||||||||
| Defined benefit plan settlement charges | 4 | — | — | — | ||||||||||||||||
| Tax indemnification credits | (24 | ) | (0.01 | ) | (37 | ) | (0.02 | ) | ||||||||||||
| Adjustments for taxes | (5 | ) | — | 3 | — | |||||||||||||||
| Non-GAAP net earnings | $ | 2,066 | $ | 1.21 | $ | 2,173 | $ | 1.24 | ||||||||||||
| GAAP earnings from continuing operations | $ | 2,629 | $ | 2,886 | ||||||||||||||||
| Non-GAAP adjustments: | ||||||||||||||||||||
| Restructuring and other charges | 249 | 156 | ||||||||||||||||||
| Acquisition-related charges | 76 | — | ||||||||||||||||||
| Amortization of intangible assets | 1 | 16 | ||||||||||||||||||
| Non-operating retirement-related credits | (101 | ) | (118 | ) | ||||||||||||||||
| Defined benefit plan settlement charges | 4 | — | ||||||||||||||||||
| Non-GAAP earnings | $ | 2,858 | $ | 2,940 | ||||||||||||||||
| GAAP operating margin from continuing operations | 7 | % | 8 | % | ||||||||||||||||
| Non-GAAP adjustments | 1 | % | 0 | % | ||||||||||||||||
| Non-GAAP operating margin | 8 | % | 8 | % | ||||||||||||||||
|
HP Inc. Reports Fiscal 2017 Third Quarter Results
|
|
||||||
|
|
|||||||
|
|||||||
