| HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) (In millions, except per share amounts) | ||||||||
| Three months ended | ||||||||
|
October 31,
2018 |
July 31,
2018 |
October 31,
2017 | ||||||
| Net revenue | $ | 15,366 | $ | 14,586 | $ | 13,927 | ||
| Costs and expenses: | ||||||||
| Cost of revenue | 12,669 | 11,898 | 11,407 | |||||
| Research and development | 354 | 347 | 291 | |||||
| Selling, general and administrative | 1,210 | 1,227 | 1,177 | |||||
| Restructuring and other charges | 40 | 4 | 113 | |||||
| Acquisition-related charges | 26 | 10 | 49 | |||||
| Amortization of intangible assets | 20 | 20 | — | |||||
| Total costs and expenses | 14,319 | 13,506 | 13,037 | |||||
| Earnings from operations | 1,047 | 1,080 | 890 | |||||
| Interest and other, net | (40) | (62) | (42) | |||||
| Earnings before taxes | 1,007 | 1,018 | 848 | |||||
| Benefit from (provision for) taxes | 444 | (138) | (188) | |||||
| Net earnings | $ | 1,451 | $ | 880 | $ | 660 | ||
| Net earnings per share: | ||||||||
| Basic | $ | 0.92 | $ | 0.55 | $ | 0.40 | ||
| Diluted | $ | 0.91 | $ | 0.54 | $ | 0.39 | ||
| Cash dividends declared per share | $ | — | $ | 0.28 | $ | — | ||
| Weighted-average shares used to compute net earnings per share: | ||||||||
| Basic | 1,578 | 1,601 | 1,670 | |||||
| Diluted | 1,598 | 1,618 | 1,687 | |||||
| HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) (In millions, except per share amounts) | |||||
| Twelve months ended October 31, | |||||
| 2018 | 2017 | ||||
| Net revenue | $ | 58,472 | $ | 52,056 | |
| Costs and expenses: | |||||
| Cost of revenue | 47,803 | 42,478 | |||
| Research and development | 1,404 | 1,190 | |||
| Selling, general and administrative | 4,866 | 4,381 | |||
| Restructuring and other charges | 132 | 362 | |||
| Acquisition-related charges | 123 | 125 | |||
| Amortization of intangible assets | 80 | 1 | |||
| Total costs and expenses | 54,408 | 48,537 | |||
| Earnings from operations | 4,064 | 3,519 | |||
| Interest and other, net | (1,051) | (243) | |||
| Earnings before taxes | 3,013 | 3,276 | |||
| Benefit from (provision for) taxes | 2,314 | (750) | |||
| Net earnings | 5,327 | 2,526 | |||
| Net earnings per share: | |||||
| Basic | $ | 3.30 | $ | 1.50 | |
| Diluted | $ | 3.26 | $ | 1.48 | |
| Cash dividends declared per share | $ | 0.56 | $ | 0.53 | |
| Weighted-average shares used to compute net earnings per share: | |||||
| Basic | 1,615 | 1,688 | |||
| Diluted | 1,634 | 1,702 | |||
