| 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 January 31, 2018 |
Diluted
net earnings per share |
Three
months ended October 31, 2017 |
Diluted
net earnings per share |
Three
months ended January 31, 2017 |
Diluted
net earnings per share | ||||||||||||||||||
| GAAP net earnings | $ | 1,938 | $ | 1.16 | $ | 660 | $ | 0.39 | $ | 611 | $ | 0.36 | |||||||||||
| Non-GAAP adjustments: | |||||||||||||||||||||||
| Restructuring and other charges | 31 | 0.02 | 113 | 0.06 | 63 | 0.04 | |||||||||||||||||
| Acquisition-related charges | 42 | 0.02 | 49 | 0.03 | 16 | 0.01 | |||||||||||||||||
| Amortization of intangible assets | 20 | 0.01 | — | — | — | — | |||||||||||||||||
| Non-operating retirement-related credits | (56 | ) | (0.03 | ) | (34 | ) | (0.02 | ) | (32 | ) | (0.02 | ) | |||||||||||
| Defined benefit plan settlement charges | 1 | — | 1 | — | — | — | |||||||||||||||||
| Tax indemnification credits | 2 | — | (23 | ) | (0.01 | ) | (9 | ) | (0.01 | ) | |||||||||||||
| Adjustments for taxes | (30 | ) | (0.02 | ) | (17 | ) | (0.01 | ) | (3 | ) | — | ||||||||||||
| US tax reform adjustment | (1,145 | ) | (0.68 | ) | — | — | — | — | |||||||||||||||
| Non-GAAP net earnings | $ | 803 | $ | 0.48 | $ | 749 | $ | 0.44 | $ | 646 | $ | 0.38 | |||||||||||
| GAAP earnings from operations | $ | 973 | $ | 890 | $ | 856 | |||||||||||||||||
| Non-GAAP adjustments: | |||||||||||||||||||||||
| Restructuring and other charges | 31 | 113 | 63 | ||||||||||||||||||||
| Acquisition-related charges | 42 | 49 | 16 | ||||||||||||||||||||
| Amortization of intangible assets | 20 | — | — | ||||||||||||||||||||
| Non-operating retirement-related credits | (56 | ) | (34 | ) | (32 | ) | |||||||||||||||||
| Defined benefit plan settlement charges | 1 | 1 | — | ||||||||||||||||||||
| Non-GAAP earnings from operations | $ | 1,011 | $ | 1,019 | $ | 903 | |||||||||||||||||
| GAAP operating margin | 7 | % | 6 | % | 7 | % | |||||||||||||||||
| Non-GAAP adjustments | 0 | % | 1 | % | 0 | % | |||||||||||||||||
| Non-GAAP operating margin | 7 | % | 7 | % | 7 | % | |||||||||||||||||
HP Inc. Reports Fiscal 2018 First Quarter Results
 |  | More EDA News
|
|
RELATED NEWS
