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HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS
(Unaudited)
(In millions, except per share amounts)
| Three months ended | |||||||||||
| January 31, 2021 | October 31, 2020 | January 31, 2020 | |||||||||
| Net revenue | $ | 15,646 | $ | 15,258 | $ | 14,618 | |||||
| Costs and expenses: | |||||||||||
| Cost of revenue | 12,322 | 12,579 | 11,746 | ||||||||
| Research and development | 471 | 381 | 400 | ||||||||
| Selling, general and administrative | 1,376 | 1,244 | 1,290 | ||||||||
| Restructuring and other charges | 121 | 31 | 291 | ||||||||
| Acquisition-related charges | 6 | 2 | — | ||||||||
| Amortization of intangible assets | 29 | 29 | 26 | ||||||||
| Total costs and expenses | 14,325 | 14,266 | 13,753 | ||||||||
| Earnings from operations | 1,321 | 992 | 865 | ||||||||
| Interest and other, net | (25) | (216) | 13 | ||||||||
| Earnings before taxes | 1,296 | 776 | 878 | ||||||||
| Provision for taxes | (228) | (108) | (200) | ||||||||
| Net earnings | $ | 1,068 | $ | 668 | $ | 678 | |||||
| Net earnings per share: | |||||||||||
| Basic | $ | 0.83 | $ | 0.50 | $ | 0.47 | |||||
| Diluted | $ | 0.83 | $ | 0.49 | $ | 0.46 | |||||
| Cash dividends declared per share | $ | 0.39 | $ | — | $ | 0.35 | |||||
| Weighted-average shares used to compute net earnings per share: | |||||||||||
| Basic | 1,285 | 1,347 | 1,454 | ||||||||
| Diluted | 1,293 | 1,356 | 1,460 | ||||||||
