| HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) (In millions, except per share amounts) | ||||||||||
| Nine months ended | ||||||||||
| July 31, 2020 | July 31, 2019 | |||||||||
| Net revenue | $ | 41,381 | $ | 43,349 | ||||||
| Costs and expenses: | ||||||||||
| Cost of revenue | 33,623 | 35,103 | ||||||||
| Research and development | 1,097 | 1,110 | ||||||||
| Selling, general and administrative | 3,662 | 3,963 | ||||||||
| Restructuring and other charges | 431 | 141 | ||||||||
| Acquisition-related charges | 14 | 12 | ||||||||
| Amortization of intangible assets | 84 | 87 | ||||||||
| Total costs and expenses | 38,911 | 40,416 | ||||||||
| Earnings from operations | 2,470 | 2,933 | ||||||||
| Interest and other, net | (15 | ) | (902 | ) | ||||||
| Earnings before taxes | 2,455 | 2,031 | ||||||||
| (Provision for) benefit from taxes | (279 | ) | 733 | |||||||
| Net earnings | $ | 2,176 | $ | 2,764 | ||||||
| Net earnings per share: | ||||||||||
| Basic | $ | 1.52 | $ | 1.81 | ||||||
| Diluted | $ | 1.51 | $ | 1.80 | ||||||
| Cash dividends declared per share | $ | 0.70 | $ | 0.64 | ||||||
| Weighted-average shares used to compute net earnings per share: | ||||||||||
| Basic | 1,435 | 1,528 | ||||||||
| Diluted | 1,441 | 1,537 | ||||||||
HP Inc. Reports Fiscal 2020 Third Quarter Results
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