HP Inc. Reports Fiscal 2023 First Quarter Results


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



HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS
(Unaudited)
(In millions)


  As of
  January 31, 2023  October 31, 2022
ASSETS   
Current assets:   
Cash, cash equivalents and restricted cash$1,769  $3,145 
Accounts receivable, net 4,312   4,546 
Inventory 7,344   7,595 
Other current assets 3,880   4,515 
     Total current assets 17,305   19,801 
Property, plant and equipment, net 2,764   2,774 
Goodwill 8,592   8,541 
Other non-current assets  7,487       7,471  
Total assets $ 36,148     $ 38,587  
       
LIABILITIES AND STOCKHOLDERS' DEFICIT      
Current liabilities:      
Notes payable and short-term borrowings $ 422     $ 218  
Accounts payable   13,512       15,284  
Other current liabilities   11,119       10,651  
     Total current liabilities   25,053       26,153  
Long-term debt   10,337       10,796  
Other non-current liabilities   4,488       4,556  
Stockholders' deficit   (3,730 )     (2,918 )
Total liabilities and stockholders' deficit $ 36,148     $ 38,587  

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