HP Inc. Reports Fiscal 2017 Full-Year and Fourth Quarter Results

(a) Effective beginning of Q1 FY17, HP implemented an organizational change to align its business unit financial reporting more closely with its current business structure. The organizational change resulted in transfer of a portion of LaserJet printers from Commercial to Consumer within the Printing segment. HP reflected this change to its business unit information in prior reporting periods on an as-if basis which resulted in reclassification of revenues between the Commercial and Consumer business units of Printing. The reporting change had no impact to previously reported segment net revenue, consolidated net revenue, earnings from continuing operations, net earnings or net earnings per share.
 

(b) "NM" represents not meaningful.


 
HP INC. AND SUBSIDIARIES
CALCULATION OF DILUTED NET EARNINGS PER SHARE
(Unaudited)
(In millions, except per share amounts)
 
  Three months ended
  October 31,
2017
  July 31,
2017
  October 31,
2016
Numerator:     
GAAP net earnings from continuing operations$660  $696  $513 
Non-GAAP net earnings$749  $735  $614 
      
Denominator:     
Weighted-average shares used to compute basic net earnings per share1,670  1,681  1,712 
  Dilutive effect of employee stock plans(a)17  14  17 
Weighted-average shares used to compute diluted net earnings per share1,687  1,695  1,729 
      
GAAP diluted net earnings per share from continuing operations$0.39  $0.41  $0.30 
Non-GAAP diluted net earnings per share$0.44  $0.43  $0.36 
 

(a) Includes any dilutive effect of restricted stock units, stock options and performance-based awards.  


 
HP INC. AND SUBSIDIARIES
CALCULATION OF DILUTED NET EARNINGS PER SHARE
(Unaudited)
(In millions, except per share amounts)
 
  Twelve months ended October 31,
  2017  2016
Numerator:   
GAAP net earnings from continuing operations$2,526  $2,666 
Non-GAAP net earnings$2,815  $2,787 
    
Denominator:   
Weighted-average shares used to compute basic net earnings per share1,688  1,730 
  Dilutive effect of employee stock plans(a)14  13 
Weighted-average shares used to compute diluted net earnings per share1,702  1,743 
    
GAAP diluted net earnings per share from continuing operations$1.48  $1.53 
Non-GAAP diluted net earnings per share$1.65     $ 1.60  
 

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