HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) (In millions, except per share amounts) | |||||||
Twelve months ended | |||||||
October 31, 2019 | October 31, 2018 | ||||||
Net revenue | $ | 58,756 | $ | 58,472 | |||
Costs and expenses: | |||||||
Cost of revenue | 47,586 | 47,803 | |||||
Research and development | 1,499 | 1,404 | |||||
Selling, general and administrative(a) | 5,368 | 5,099 | |||||
Restructuring and other charges | 275 | 132 | |||||
Acquisition-related charges | 35 | 123 | |||||
Amortization of intangible assets | 116 | 80 | |||||
Total costs and expenses | 54,879 | 54,641 | |||||
Earnings from operations | 3,877 | 3,831 | |||||
Interest and other, net(a) | (1,354 | ) | (818 | ) | |||
Earnings before taxes | 2,523 | 3,013 | |||||
Benefit from taxes | 629 | 2,314 | |||||
Net earnings | $ | 3,152 | $ | 5,327 | |||
Net earnings per share: | |||||||
Basic | $ | 2.08 | $ | 3.30 | |||
Diluted | $ | 2.07 | $ | 3.26 | |||
Cash dividends declared per share | $ | 0.64 | $ | 0.56 | |||
Weighted-average shares used to compute net earnings per share: | |||||||
Basic | 1,515 | 1,615 | |||||
Diluted | 1,524 | 1,634 |