HEWLETT-PACKARD COMPANY AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) (In millions except per share amounts) Six months ended April 30, -------------------- 2014 2013 --------- --------- Net revenue $ 55,463 $ 55,941 Costs and expenses: Cost of sales 42,440 43,084 Research and development 1,684 1,609 Selling, general and administrative 6,601 6,642 Amortization of intangible assets 547 700 Restructuring charges 366 538 Acquisition-related charges 6 15 --------- --------- Total costs and expenses 51,644 52,588 --------- --------- Earnings from operations 3,819 3,353 Interest and other, net (337) (372) --------- --------- Earnings before taxes 3,482 2,981 Provision for taxes (784) (672) --------- --------- Net earnings $ 2,698 $ 2,309 ========= ========= Net earnings per share: Basic $ 1.42 $ 1.19 Diluted $ 1.40 $ 1.18 Cash dividends declared per share $ 0.29 $ 0.26 Weighted-average shares used to compute net earnings per share: Basic 1,898 1,944 Diluted 1,922 1,952
HP Reports Fiscal 2014 Second Quarter Results
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