HP Inc. Reports Fiscal 2022 Second Quarter Results


HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS
(Unaudited)
(In millions, except per share amounts)

  Six months ended
  April 30, 2022  April 30, 2021
Net revenue$33,518  $31,523 
Costs and expenses:   
Cost of revenue 26,800   24,759 
Research and development 843   985 
Selling, general and administrative 2,932   2,859 
Restructuring and other charges 150   160 
Acquisition-related charges 52   16 
Amortization of intangible assets 104   61 
Total costs and expenses 30,881   28,840 
Earnings from operations 2,637     2,683  
Interest and other, net   (71 )     (51 )
Earnings before taxes   2,566       2,632  
Provision for taxes   (480 )     (336 )
Net earnings $ 2,086     $ 2,296  
       
Net earnings per share:      
Basic $ 1.96     $ 1.82  
Diluted $ 1.94     $ 1.81  
       
Cash dividends declared per share $ 0.50     $ 0.39  
       
Weighted-average shares used to compute net earnings per share:      
  Basic   1,066       1,260  
  Diluted   1,078       1,270  

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