| 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) | |||||||||||||||
|
Six months
ended April 30, 2018 |
Diluted
net earnings per share |
Six months
ended April 30, 2017 |
Diluted
net earnings per share | ||||||||||||
| GAAP net earnings | $ | 2,996 | $ | 1.81 | $ | 1,170 | $ | 0.68 | |||||||
| Non-GAAP adjustments: | |||||||||||||||
| Restructuring and other charges | 88 | 0.05 | 203 | 0.12 | |||||||||||
| Acquisition-related charges | 87 | 0.05 | 36 | 0.02 | |||||||||||
| Amortization of intangible assets | 40 | 0.02 | 1 | — | |||||||||||
| Non-operating retirement-related credits | (109 | ) | (0.07 | ) | (67 | ) | (0.04 | ) | |||||||
| Defined benefit plan settlement charges | 1 | — | 3 | — | |||||||||||
| Debt extinguishment costs | 126 | 0.08 | — | — | |||||||||||
| Tax adjustments | (1,628 | ) | (0.97 | ) | (15 | ) | — | ||||||||
| Non-GAAP net earnings | $ | 1,601 | $ | 0.97 | $ | 1,331 | $ | 0.78 | |||||||
| GAAP earnings from operations | $ | 1,937 | $ | 1,674 | |||||||||||
| Non-GAAP adjustments: | |||||||||||||||
| Restructuring and other charges | 88 | 203 | |||||||||||||
| Acquisition-related charges | 87 | 36 | |||||||||||||
| Amortization of intangible assets | 40 | 1 | |||||||||||||
| Non-operating retirement-related credits | (109 | ) | (67 | ) | |||||||||||
| Defined benefit plan settlement charges | 1 | 3 | |||||||||||||
| Non-GAAP earnings | $ | 2,044 | $ | 1,850 | |||||||||||
| GAAP operating margin | 7 | % | 6 | % | |||||||||||
| Non-GAAP adjustments | 0 | % | 1 | % | |||||||||||
| Non-GAAP operating margin | 7 | % | 7 | % | |||||||||||
HP Inc. Reports Fiscal 2018 Second Quarter Results
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