HP Inc. Reports Fiscal 2021 Full Year and Fourth Quarter Results

(a) "NM" represents not meaningful.


 HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION
(Unaudited)
(In millions)
 


  Twelve months ended   Change (%)
  October 31, 2021  October 31, 2020  Y/Y
Net revenue:     
Notebooks$30,522  $25,766  18%
Desktops9,381  9,806  (4) %
Workstations1,669  1,816  (8) %
Other1,787  1,609  11%
Personal Systems43,359  38,997  11%
Supplies12,632  11,586  9%
Commercial4,209  3,539  19 %
Consumer 3,287     2,516     31 %
Printing 20,128     17,641     14 %
Corporate Investments (a) 3     2     NM  
Total segment net revenue 63,490     56,640     12 %
Other (a) (3 )   (1 )   NM  
Total net revenue $ 63,487     $ 56,639     12 %
           
Earnings before taxes:          
Personal Systems $ 3,101     $ 2,312      
Printing 3,636     2,495      
Corporate Investments (96 )   (69 )    
Total segment earnings from operations 6,641     4,738      
Corporate and unallocated cost and other (542 )   (407 )    
Stock-based compensation expense (330 )   (278 )    
Restructuring and other charges (245 )   (462 )    
Acquisition-related charges (68 )   (16 )    
Amortization of intangible assets (154 )   (113 )    
Interest and other, net 2,209     (231 )    
Total earnings before taxes $ 7,511     $ 3,231      

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