HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) (In millions, except per share amounts) |
Twelve months ended | |||||||
October 31, 2021 | October 31, 2020 | ||||||
Net revenue | $ | 63,487 | $ | 56,639 | |||
Costs and expenses: | |||||||
Cost of revenue | 50,070 | 46,202 | |||||
Research and development | 1,907 | 1,478 | |||||
Selling, general and administrative | 5,741 | 4,906 | |||||
Restructuring and other charges | 245 | 462 | |||||
Acquisition-related charges | 68 | 16 | |||||
Amortization of intangible assets | 154 | 113 | |||||
Total costs and expenses | 58,185 | 53,177 | |||||
Earnings from operations | 5,302 | 3,462 | |||||
Interest and other, net(a) | 2,209 | (231 | ) | ||||
Earnings before taxes | 7,511 | 3,231 | |||||
Provision for taxes (a) | (1,008 | ) | (387 | ) | |||
Net earnings | $ | 6,503 | $ | 2,844 | |||
Net earnings per share: | |||||||
Basic | $ | 5.38 | $ | 2.01 | |||
Diluted | $ | 5.33 | $ | 2.00 | |||
Cash dividends declared per share | $ | 0.78 | $ | 0.70 | |||
Weighted-average shares used to compute net earnings per share: | |||||||
Basic | 1,208 | 1,413 | |||||
Diluted | 1,220 | 1,420 |