| 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 October 31, 2018 |
Diluted
net earnings per share |
Three
months ended July 31, 2018 |
Diluted
net earnings per share |
Three
months ended October 31, 2017 |
Diluted
net earnings per share | ||||||||||||
| GAAP net earnings | $ | 1,451 | $ | 0.91 | $ | 880 | $ | 0.54 | $ | 660 | $ | 0.39 | |||||
| Non-GAAP adjustments: | |||||||||||||||||
| Restructuring and other charges | 40 | 0.02 | 4 | — | 113 | 0.06 | |||||||||||
| Acquisition-related charges | 26 | 0.02 | 10 | 0.01 | 49 | 0.03 | |||||||||||
| Amortization of intangible assets | 20 | 0.01 | 20 | 0.01 | — | — | |||||||||||
| Non-operating retirement-related credits | (54) | (0.03) | (56) | (0.03) | (34) | (0.02) | |||||||||||
| Defined benefit plan settlement charges | 5 | — | 1 | — | 1 | — | |||||||||||
| Tax adjustments | (623) | (0.39) | (19) | (0.01) | (40) | (0.02) | |||||||||||
| Non-GAAP net earnings | $ | 865 | $ | 0.54 | $ | 840 | $ | 0.52 | $ | 749 | $ | 0.44 | |||||
| GAAP earnings from operations | $ | 1,047 | $ | 1,080 | $ | 890 | |||||||||||
| Non-GAAP adjustments: | |||||||||||||||||
| Restructuring and other charges | 40 | 4 | 113 | ||||||||||||||
| Acquisition-related charges | 26 | 10 | 49 | ||||||||||||||
| Amortization of intangible assets | 20 | 20 | — | ||||||||||||||
| Non-operating retirement-related credits | (54) | (56) | (34) | ||||||||||||||
| Defined benefit plan settlement charges | 5 | 1 | 1 | ||||||||||||||
| Non-GAAP earnings from operations | $ | 1,084 | $ | 1,059 | $ | 1,019 | |||||||||||
| GAAP operating margin | 7% | 7% | 6% | ||||||||||||||
| Non-GAAP adjustments | 0% | 0% | 1% | ||||||||||||||
| Non-GAAP operating margin | 7% | 7% | 7% | ||||||||||||||
HP Inc. Reports Fiscal 2018 Full Year and Fourth Quarter Results
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