| 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) | |||||||||||||||
|
Nine months
ended July 31, 2018 |
Diluted
net earnings per share |
Nine months
ended July 31, 2017 |
Diluted
net earnings per share | ||||||||||||
| GAAP net earnings | $ | 3,876 | $ | 2.36 | $ | 1,866 | $ | 1.09 | |||||||
| Non-GAAP adjustments: | |||||||||||||||
| Restructuring and other charges | 92 | 0.06 | 249 | 0.15 | |||||||||||
| Acquisition-related charges | 97 | 0.06 | 76 | 0.04 | |||||||||||
| Amortization of intangible assets | 60 | 0.04 | 1 | — | |||||||||||
| Non-operating retirement-related credits | (165 | ) | (0.10 | ) | (101 | ) | (0.06 | ) | |||||||
| Defined benefit plan settlement charges | 2 | — | 4 | — | |||||||||||
| Debt extinguishment costs | 126 | 0.08 | — | — | |||||||||||
| Tax adjustments | (1,647 | ) | (1.02 | ) | (29 | ) | (0.01 | ) | |||||||
| Non-GAAP net earnings | $ | 2,441 | $ | 1.48 | $ | 2,066 | $ | 1.21 | |||||||
| GAAP earnings from operations | $ | 3,017 | $ | 2,629 | |||||||||||
| Non-GAAP adjustments: | |||||||||||||||
| Restructuring and other charges | 92 | 249 | |||||||||||||
| Acquisition-related charges | 97 | 76 | |||||||||||||
| Amortization of intangible assets | 60 | 1 | |||||||||||||
| Non-operating retirement-related credits | (165 | ) | (101 | ) | |||||||||||
| Defined benefit plan settlement charges | 2 | 4 | |||||||||||||
| Non-GAAP earnings | $ | 3,103 | $ | 2,858 | |||||||||||
| GAAP operating margin | 7 | % | 7 | % | |||||||||||
| Non-GAAP adjustments | 0 | % | 1 | % | |||||||||||
| Non-GAAP operating margin | 7 | % | 8 | % | |||||||||||
HP Inc. Reports Fiscal 2018 Third Quarter Results
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