| HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) (In millions, except per share amounts) | ||||||||||
| Nine months ended July 31 | ||||||||||
| 2017 | 2016 | |||||||||
| Net revenue | $ | 38,129 | $ | 35,726 | ||||||
| Costs and expenses: | ||||||||||
| Cost of revenue | 31,071 | 29,019 | ||||||||
| Research and development | 899 | 891 | ||||||||
| Selling, general and administrative | 3,200 | 2,758 | ||||||||
| Restructuring and other charges | 249 | 156 | ||||||||
| Acquisition-related charges | 76 | — | ||||||||
| Amortization of intangible assets | 1 | 16 | ||||||||
| Defined benefit plan settlement charges | 4 | — | ||||||||
| Total costs and expenses | 35,500 | 32,840 | ||||||||
| Earnings from continuing operations | 2,629 | 2,886 | ||||||||
| Interest and other, net | (201 | ) | (135 | ) | ||||||
| Earnings from continuing operations before taxes | 2,428 | 2,751 | ||||||||
| Provision for taxes | (562 | ) | (598 | ) | ||||||
| Net earnings from continuing operations | 1,866 | 2,153 | ||||||||
| Net loss from discontinued operations, net of taxes | — | (149 | ) | |||||||
| Net earnings | $ | 1,866 | $ | 2,004 | ||||||
| Net earnings (loss) per share: | ||||||||||
| Basic | ||||||||||
| Continuing operations | $ | 1.10 | $ | 1.24 | ||||||
| Discontinued operations | — | (0.08 | ) | |||||||
| Total basic net earnings per share | $ | 1.10 | $ | 1.16 | ||||||
| Diluted | ||||||||||
| Continuing operations | $ | 1.09 | $ | 1.23 | ||||||
| Discontinued operations | — | (0.08 | ) | |||||||
| Total diluted net earnings per share | $ | 1.09 | $ | 1.15 | ||||||
| Cash dividends declared per share | $ | 0.53 | $ | 0.50 | ||||||
| Weighted-average shares used to compute net earnings (loss) per share: | ||||||||||
| Basic | 1,694 | 1,735 | ||||||||
| Diluted | 1,705 | 1,747 | ||||||||
HP Inc. Reports Fiscal 2017 Third Quarter Results
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