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

(a)      Includes numbers for Poly since acquisition date (Aug 29, 2022).

(b)      "NM" represents not meaningful.



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

  Twelve months ended   Change (%)    
  October 31, 2022  October 31, 2021  Y/Y
Net revenue:     
Notebooks$29,183  $30,522  (4)%
Desktops 10,736   9,381  14%
Workstations 2,100   1,669  26%
Other(a) 2,065   1,787  16%
Personal Systems 44,084   43,359  2%
Supplies  11,761       12,632     (7 )%
Commercial   4,225       4,209     %
Consumer   2,916       3,287     (11 )%
Printing   18,902       20,128     (6 )%
Corporate Investments (b)   2       3     NM
Total segment net revenue   62,988       63,490     (1 )%
Other (b)   (5 )     (3 )   NM
Total net revenue $ 62,983     $ 63,487     (1 )%
           
Earnings before taxes:          
Personal Systems (a) $ 2,908     $ 3,101      
Printing   3,651       3,636      
Corporate Investments   (230 )     (96 )    
Total segment earnings from operations   6,329       6,641      
Corporate and unallocated cost and other   (508 )     (542 )    
Stock-based compensation expense   (343 )     (330 )    
Restructuring and other charges   (233 )     (245 )    
Acquisition and divestiture charges   (318 )     (68 )    
Amortization of intangible assets   (228 )     (154 )    
Russia exit charges   (23 )          
Interest and other, net   (235 )     2,209      
Total earnings before taxes $ 4,441     $ 7,511      

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