| HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (In millions) |
| Six months ended | |||||||
| April 30, 2019 | April 30, 2018 | ||||||
| Cash flows from operating activities: | |||||||
| Net earnings | $ | 1,585 | $ | 2,996 | |||
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||||||
| Depreciation and amortization | 349 | 256 | |||||
| Stock-based compensation expense | 173 | 148 | |||||
| Restructuring and other charges | 124 | 88 | |||||
| Deferred taxes on earnings | 118 | (3,316 | ) | ||||
| Other, net | 113 | 198 | |||||
| Changes in operating assets and liabilities, net of acquisitions: | |||||||
| Accounts receivable | (103 | ) | 38 | ||||
| Inventory | 362 | 450 | |||||
| Accounts payable | (963 | ) | (277 | ) | |||
| Taxes on earnings | — | 935 | |||||
| Restructuring and other | (79 | ) | (177 | ) | |||
| Other assets and liabilities | 44 | 707 | |||||
| Net cash provided by operating activities | 1,723 | 2,046 | |||||
| Cash flows from investing activities: | |||||||
| Investment in property, plant and equipment | (303 | ) | (242 | ) | |||
| Proceeds from sale of property, plant and equipment | — | 110 | |||||
| Purchases of available-for-sale securities and other investments | (69 | ) | (304 | ) | |||
| Maturities and sales of available-for-sale securities and other investments | 754 | 345 | |||||
| Collateral posted for derivative instruments | (32 | ) | (901 | ) | |||
| Collateral returned for derivative instruments | 32 | 910 | |||||
| Payments made in connection with business acquisitions, net of cash acquired | (404 | ) | (1,020 | ) | |||
| Net cash used in investing activities | (22 | ) | (1,102 | ) | |||
| Cash flows from financing activities: | |||||||
| (Payments of) Proceeds from short-term borrowings with original maturities less than 90 days, net
| (856 | ) | 837 | ||||
| Proceeds from short-term borrowings with original maturities greater than 90 days | — | 300 | |||||
| Proceeds from debt, net of issuance costs | 64 | — | |||||
| Payment of short-term borrowings with original maturities greater than 90 days | — | (1,087 | ) | ||||
| Payment of debt | (538 | ) | (2,026 | ) | |||
| Stock-based award activities | (76 | ) | 2 | ||||
| Repurchase of common stock | (1,411 | ) | (1,263 | ) | |||
| Cash dividends paid | (494 | ) | (457 | ) | |||
| Net cash used in financing activities | (3,311 | ) | (3,694 | ) | |||
| Decrease in cash and cash equivalents | (1,610 | ) | (2,750 | ) | |||
| Cash and cash equivalents at beginning of period | 5,166 | 6,997 | |||||
| Cash and cash equivalents at end of period | $ | 3,556 | $ | 4,247 | |||
