HP Inc. Reports Fiscal 2022 Full Year and Fourth Quarter Results; Announces Dividend Increase and Future Ready Transformation



HP INC. AND SUBSIDIARIES
ADJUSTMENTS TO GAAP NET EARNINGS, EARNINGS FROM OPERATIONS,
OPERATING MARGIN AND DILUTED NET EARNINGS PER SHARE
(Unaudited)
(In millions, except per share amounts)

  Three months ended
  October 31, 2022  July 31, 2022  October 31, 2021
  Amounts  Diluted
net earnings
per share
  Amounts  Diluted
net earnings
per share
  Amounts  Diluted
net earnings
per share
GAAP net (loss) earnings$(2) $  $1,119  $1.08  $3,099  $2.71 
Non-GAAP adjustments:           
Restructuring and other charges 70   0.07   13     0.01       29       0.02  
Acquisition and divestiture charges   235       0.23       31       0.03       28       0.02  
Amortization of intangible assets   74       0.07       50       0.05       51       0.04  
Russia exit charges               23       0.02              
Oracle litigation proceeds                           (2,304 )     (2.01 )
Defined benefit plan settlement gains                           (37 )     (0.03 )
Non-operating retirement-related credits   (34 )     (0.03 )     (33 )     (0.03 )     (38 )     (0.03 )
Tax adjustments (a)   512       0.51       (124 )     (0.12 )     248       0.22  
Non-GAAP net earnings $ 855     $ 0.85     $ 1,079     $ 1.04     $ 1,076     $ 0.94  
                       
GAAP earnings from operations $ 767         $ 1,272         $ 1,238      
Non-GAAP adjustments:                      
Restructuring and other charges   70           13           29      
Acquisition and divestiture charges   235           31           28      
Amortization of intangible assets   74           50           51      
Russia exit charges             23                
Non-GAAP earnings from operations $ 1,146         $ 1,389         $ 1,346      
                       
GAAP operating margin   5.2 %         8.7 %         7.4 %    
Non-GAAP adjustments   2.5 %         0.8 %         0.7 %    
Non-GAAP operating margin   7.7 %         9.5 %         8.1 %    

(a)      Includes tax impact on non-GAAP adjustments.

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15  Next Page »
Featured Video
Jobs
Design Verification Engineer for Blockwork IT at Milpitas, California
GPU Design Verification Engineer for AMD at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Upcoming Events
Phil Kaufman Award Ceremony and Banquet to be held November 6 at Hayes Mansion at Hayes Mansion 200 Edenvale Ave San Jose CA - Nov 6, 2024
SEMICON Europa 2024 at Messe München München Germany - Nov 12 - 15, 2024
DVCon Europe 2023 at Holiday Inn Munich – City Centre Munich Germany - Nov 14 - 15, 2024
SEMI MEMS & Imaging Sensors Summit, at International Conference Center Munich Germany - Nov 14, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise