HP Inc. Reports Fiscal 2022 Third Quarter Results



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
  July 31, 2022  April 30, 2022  July 31, 2021
  Amounts

  Diluted
net earnings
per share
  Amounts

  Diluted
net earnings
per share
  Amounts

  Diluted
net earnings
per share
GAAP net earnings$1,119  $1.08  $1,000  $0.94  $1,108  $0.92 
Non-GAAP adjustments:           
Restructuring and other charges 13   0.01   82   0.07   56   0.04 
Acquisition-related charges 31     0.03       32       0.03       24       0.02  
Amortization of intangible assets   50       0.05       52       0.05       42       0.04  
Russia exit charges   23       0.02                          
Debt extinguishment costs                           16       0.01  
Non-operating retirement-related credits   (33 )     (0.03 )     (35 )     (0.03 )     (39 )     (0.03 )
Tax adjustments (a)   (124 )     (0.12 )     21       0.02       (9 )      
Non-GAAP net earnings $ 1,079     $ 1.04     $ 1,152     $ 1.08     $ 1,198     $ 1.00  
                       
GAAP earnings from operations $ 1,272         $ 1,278         $ 1,381      
Non-GAAP adjustments:                      
Restructuring and other charges   13           82           56      
Acquisition-related charges   31           32           24      
Amortization of intangible assets   50           52           42      
Russia exit charges   23                          
Non-GAAP earnings from operations $ 1,389         $ 1,444         $ 1,503      
                       
GAAP operating margin   8.7 %         7.8 %         9.0 %    
Non-GAAP adjustments   0.8 %         1.0 %         0.8 %    
Non-GAAP operating margin   9.5 %         8.8 %         9.8 %    

(a) Includes tax impact on non-GAAP adjustments.

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise