HP INC. AND SUBSIDIARIES
CALCULATION OF DILUTED NET EARNINGS PER SHARE (Unaudited) (In millions, except per share amounts) |
Three months ended | |||||||||||
April 30, 2019 | January 31, 2019 | April 30, 2018 | |||||||||
Numerator: | |||||||||||
GAAP net earnings | $ | 782 | $ | 803 | $ | 1,058 | |||||
Non-GAAP net earnings | $ | 821 | $ | 809 | $ | 798 | |||||
Denominator: | |||||||||||
Weighted-average shares used to compute basic net earnings per share | 1,529 | 1,556 | 1,630 | ||||||||
Dilutive effect of employee stock plans(a) | 7 | 11 | 16 | ||||||||
Weighted-average shares used to compute diluted net earnings per share | 1,536 | 1,567 | 1,646 | ||||||||
GAAP diluted net earnings per share | $ | 0.51 | $ | 0.51 | $ | 0.64 | |||||
Non-GAAP diluted net earnings per share | $ | 0.53 | $ | 0.52 | $ | 0.48 |
- 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) |
Six months ended | |||||||
April 30, 2019 | April 30, 2018 | ||||||
Numerator: | |||||||
GAAP net earnings | $ | 1,585 | $ | 2,996 | |||
Non-GAAP net earnings | $ | 1,630 | $ | 1,601 | |||
Denominator: | |||||||
Weighted-average shares used to compute basic net earnings per share | 1,543 | 1,640 | |||||
Dilutive effect of employee stock plans(a) | 8 | 18 | |||||
Weighted-average shares used to compute diluted net earnings per share | 1,551 | 1,658 | |||||
GAAP diluted net earnings per share | $ | 1.02 | $ | 1.81 | |||
Non-GAAP diluted net earnings per share | $ | 1.05 | $ | 0.97 |
- Includes any dilutive effect of restricted stock units, stock options and performance-based awards.
Use of non-GAAP financial measures
To supplement HP’s consolidated condensed financial statements presented on a GAAP basis, HP provides net revenue on a constant currency basis, non-GAAP total operating expense, non-GAAP operating margin, non-GAAP tax rate, non-GAAP net earnings, non-GAAP diluted net EPS, free cash flow, gross cash and net cash (debt). HP also provides forecasts of non-GAAP diluted net EPS and free cash flow.