HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION
(Unaudited)
(In millions)
Three months ended | Change (%) | |||||||||||||||
April 30, 2021 | January 31, 2021 | April 30, 2020 | Q/Q | Y/Y | ||||||||||||
Net revenue: | ||||||||||||||||
Notebooks | $ | 7,489 | $ | 7,366 | $ | 5,083 | 2% | 47% | ||||||||
Desktops | 2,225 | 2,400 | 2,409 | (7)% | (8)% | |||||||||||
Workstations | 407 | 382 | 439 | 7% | (7)% | |||||||||||
Other | 434 | 455 | 382 | (5)% | 14% | |||||||||||
Personal Systems | 10,555 | 10,603 | 8,313 | —% | 27% | |||||||||||
Supplies | 3,337 | 3,146 | 2,841 | 6% | 17% | |||||||||||
Commercial | 1,085 | 957 | 808 | 13% | 34% | |||||||||||
Consumer | 901 | 941 | 509 | (4)% | 77% | |||||||||||
Printing | 5,323 | 5,044 | 4,158 | 6% | 28% | |||||||||||
Corporate Investments (a) | 1 | — | — | NM | NM | |||||||||||
Total segment net revenue | 15,879 | 15,647 | 12,471 | 1% | 27% | |||||||||||
Other (a) | (2) | (1) | (2) | NM | NM | |||||||||||
Total net revenue | $ | 15,877 | $ | 15,646 | $ | 12,469 | 1% | 27% | ||||||||
Earnings before taxes: | ||||||||||||||||
Personal Systems | $ | 710 | $ | 758 | $ | 552 | ||||||||||
Printing | 951 | 998 | 548 | |||||||||||||
Corporate Investments | (35) | (27) | (14) | |||||||||||||
Total segment earnings from operations | 1,626 | 1,729 | 1,086 | |||||||||||||
Corporate and unallocated cost and other | (108) | (136) | (84) | |||||||||||||
Stock-based compensation expense | (75) | (116) | (63) | |||||||||||||
Restructuring and other charges | (39) | (121) | (81) | |||||||||||||
Acquisition-related charges | (10) | (6) | (3) | |||||||||||||
Amortization of intangible assets | (32) | (29) | (29) | |||||||||||||
Interest and other, net | (26) | (25) | — | |||||||||||||
Total earnings before taxes | $ | 1,336 | $ | 1,296 | $ | 826 |