HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) (In millions, except per share amounts) | ||||||||||
Nine months ended | ||||||||||
July 31, 2020 | July 31, 2019 | |||||||||
Net revenue | $ | 41,381 | $ | 43,349 | ||||||
Costs and expenses: | ||||||||||
Cost of revenue | 33,623 | 35,103 | ||||||||
Research and development | 1,097 | 1,110 | ||||||||
Selling, general and administrative | 3,662 | 3,963 | ||||||||
Restructuring and other charges | 431 | 141 | ||||||||
Acquisition-related charges | 14 | 12 | ||||||||
Amortization of intangible assets | 84 | 87 | ||||||||
Total costs and expenses | 38,911 | 40,416 | ||||||||
Earnings from operations | 2,470 | 2,933 | ||||||||
Interest and other, net | (15 | ) | (902 | ) | ||||||
Earnings before taxes | 2,455 | 2,031 | ||||||||
(Provision for) benefit from taxes | (279 | ) | 733 | |||||||
Net earnings | $ | 2,176 | $ | 2,764 | ||||||
Net earnings per share: | ||||||||||
Basic | $ | 1.52 | $ | 1.81 | ||||||
Diluted | $ | 1.51 | $ | 1.80 | ||||||
Cash dividends declared per share | $ | 0.70 | $ | 0.64 | ||||||
Weighted-average shares used to compute net earnings per share: | ||||||||||
Basic | 1,435 | 1,528 | ||||||||
Diluted | 1,441 | 1,537 |