| Twelve months ended | |||||||
| October 31, 2021 | October 31, 2020 | ||||||
| Cash flows from operating activities: | |||||||
| Net earnings | $ | 6,503 | $ | 2,844 | |||
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||||||
| Depreciation and amortization | 785 | 789 | |||||
| Stock-based compensation expense | 330 | 278 | |||||
| Restructuring and other charges | 245 | 462 | |||||
| Deferred taxes on earnings | (605 | ) | 70 | ||||
| Defined benefit plan settlement (gains) charges | (37 | ) | 214 | ||||
| Other, net | 440 | 325 | |||||
| Changes in operating assets and liabilities, net of acquisitions: | |||||||
| Accounts receivable | (80 | ) | 575 | ||||
| Inventory | (2,164 | ) | (386 | ) | |||
| Accounts payable | 1,257 | (35 | ) | ||||
| Net investment in leases | (111 | ) | (152 | ) | |||
| Taxes on earnings | 64 | (147 | ) | ||||
| Restructuring and other | (205 | ) | (489 | ) | |||
| Other assets and liabilities | (13 | ) | (32 | ) | |||
| Net cash provided by operating activities | 6,409 | 4,316 | |||||
| Cash flows from investing activities: | |||||||
| Investment in property, plant and equipment | (582 | ) | (580 | ) | |||
| Proceeds from the sale of property, plant and equipment | — | 3 | |||||
| Purchases of available-for-sale securities and other investments | (28 | ) | (693 | ) | |||
| Maturities and sales of available-for-sale securities and other investments | 304 | 417 | |||||
| Collateral posted for derivative instruments | 148 | (163 | ) | ||||
| Payment made in connection with business acquisitions, net of cash acquired | (854 | ) | — | ||||
| Net cash used in investing activities | (1,012 | ) | (1,016 | ) | |||
| Cash flows from financing activities: | |||||||
| Proceeds from short-term borrowings with original maturities less than 90 days, net | 400 | — | |||||
| Proceed from short-term borrowings with original maturities greater than 90 days | 22 | 27 | |||||
| Proceeds from debt, net of issuance costs | 2,099 | 3,081 | |||||
| Payment of debt | (1,245 | ) | (1,849 | ) | |||
| Stock-based award activities and others | (51 | ) | (128 | ) | |||
| Repurchase of common stock | (6,249 | ) | (3,107 | ) | |||
| Cash dividends paid | (938 | ) | (997 | ) | |||
| Net cash used in financing activities | (5,962 | ) | (2,973 | ) | |||
| (Decrease) increase in cash and cash equivalent | (565 | ) | 327 | ||||
| Cash and cash equivalents at beginning of period | 4,864 | 4,537 | |||||
| Cash and cash equivalents at end of period | $ | 4,299 | $ | 4,864 | |||
HP Inc. Reports Fiscal 2021 Full Year and Fourth Quarter Results
 |  | More EDA News
|
|
RELATED NEWS
