HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION (Unaudited) (In millions) | |||||||||||||||
Three months ended | Change (%) | ||||||||||||||
October 31, 2019 | July 31, 2019 | October 31, 2018 | Q/Q | Y/Y | |||||||||||
Net revenue:(a) | |||||||||||||||
Notebooks | $ | 6,280 | $ | 5,630 | $ | 6,165 | 12% | 2 % | |||||||
Desktops | 3,138 | 3,111 | 2,991 | 1% | 5 % | ||||||||||
Workstations | 649 | 609 | 577 | 7% | 12 % | ||||||||||
Other | 359 | 340 | 331 | 6% | 8 % | ||||||||||
Personal Systems | 10,426 | 9,690 | 10,064 | 8% | 4 % | ||||||||||
Supplies | 3,159 | 3,164 | 3,385 | — % | (7)% | ||||||||||
Commercial Hardware | 1,183 | 1,160 | 1,203 | 2% | (2)% | ||||||||||
Consumer Hardware | 640 | 588 | 712 | 9% | (10)% | ||||||||||
Printing | 4,982 | 4,912 | 5,300 | 1% | (6)% | ||||||||||
Corporate Investments (b) | — | 1 | 2 | NM | NM | ||||||||||
Total segments net revenue | 15,408 | 14,603 | 15,366 | 6% | — % | ||||||||||
Other (b) | (1 | ) | — | — | NM | NM | |||||||||
Total net revenue | $ | 15,407 | $ | 14,603 | $ | 15,366 | 6% | — % | |||||||
Earnings before taxes: (a)(c) | |||||||||||||||
Personal Systems | $ | 556 | $ | 547 | $ | 376 | |||||||||
Printing | 777 | 765 | 849 | ||||||||||||
Corporate Investments | (25 | ) | (23 | ) | (20 | ) | |||||||||
Total segment earnings from operations | 1,308 | 1,289 | 1,205 | ||||||||||||
Corporate and unallocated cost and other | (114 | ) | (113 | ) | (60 | ) | |||||||||
Stock-based compensation expense | (64 | ) | (60 | ) | (65 | ) | |||||||||
Restructuring and other charges | (134 | ) | (17 | ) | (40 | ) | |||||||||
Acquisition-related (charges) credits | (23 | ) | 9 | (26 | ) | ||||||||||
Amortization of intangible assets | (29 | ) | (29 | ) | (20 | ) | |||||||||
Interest and other, net | (452 | ) | (831 | ) | 13 | ||||||||||
Total earnings before taxes | $ | 492 | $ | 248 | $ | 1,007 |
HP Inc. Reports Fiscal 2019 Full Year and Fourth Quarter Results
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