HP Inc. Reports Fiscal 2019 Second Quarter Results

 
  • Pursuant to adoption of Accounting Standards Update (“ASU”) 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post-retirement Benefit Cost”, in the first quarter of fiscal year 2019, HP now reclassifies all components (excluding service cost component) of net periodic benefit cost from Selling, general and administrative expenses to Interest and other, net. HP reflected this change in prior reporting periods on an as-if basis. 
  •  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)

     
     


      Six months ended
      April 30, 2019  April 30, 2018
      Amounts  Diluted
    net earnings
    per share
      Amounts  Diluted
    net earnings
    per share
    GAAP net earnings$1,585  $1.02  $2,996  $1.81 
    Non-GAAP adjustments:       
    Restructuring and other charges124  0.07  88  0.05 
    Acquisition-related charges21  0.01  87  0.05 
    Amortization of intangible assets58  0.04  40  0.02 
    Non-operating retirement-related credits(22) (0.01) (109) (0.07)
    Defined benefit plan settlement charges    1   
    Debt extinguishment costs    126  0.08 
    Tax adjustments(a)

    (136) (0.08) (1,628) (0.97)
    Non-GAAP net earnings$1,630  $1.05  $1,601  $0.97 
            
    GAAP earnings from operations(b)$1,854    $1,819   
    Non-GAAP adjustments:       
    Restructuring and other charges124    88   
    Acquisition-related charges21    87   
    Amortization of intangible assets58    40   
    Non-GAAP earnings$2,057    $2,034      
                   
    GAAP operating margin (b) 6 %       6 %    
    Non-GAAP adjustments 1 %       1 %    
    Non-GAAP operating margin 7 %       7 %    
    1. Includes tax impact on non-GAAP adjustments.

      « Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12  Next Page »
    Featured Video
    Jobs
    Sr. Silicon Design Engineer for AMD at Santa Clara, California
    GPU Design Verification Engineer for AMD at Santa Clara, California
    Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
    Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
    CAD Engineer for Nvidia at Santa Clara, California
    Design Verification Engineer for Blockwork IT at Milpitas, California
    Upcoming Events
    Phil Kaufman Award Ceremony and Banquet to be held November 6 at Hayes Mansion at Hayes Mansion 200 Edenvale Ave San Jose CA - Nov 6, 2024
    SEMICON Europa 2024 at Messe München München Germany - Nov 12 - 15, 2024
    DVCon Europe 2023 at Holiday Inn Munich – City Centre Munich Germany - Nov 14 - 15, 2024
    SEMI MEMS & Imaging Sensors Summit, at International Conference Center Munich Germany - Nov 14, 2024



    © 2024 Internet Business Systems, Inc.
    670 Aberdeen Way, Milpitas, CA 95035
    +1 (408) 882-6554 — Contact Us, or visit our other sites:
    AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
      Privacy PolicyAdvertise