| HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) (In millions, except per share amounts) | |||||||
| Six months ended | |||||||
| April 30, 2023 | April 30, 2022 | ||||||
| Net revenue | $ | 26,741 | $ | 33,518 | |||
| Costs and expenses: | |||||||
| Cost of revenue | 21,003 | 26,800 | |||||
| Research and development | 813 | 843 | |||||
| Selling, general and administrative | 2,729 | 2,932 | |||||
| Restructuring and other charges | 341 | 150 | |||||
| Acquisition and divestiture charges | 157 | 52 | |||||
| Amortization of intangible assets | 171 | 104 | |||||
| Total costs and expenses | 25,214 | 30,881 | |||||
| Earnings from operations | 1,527 | 2,637 | |||||
| Interest and other, net | (341 | ) | (71 | ) | |||
| Earnings before taxes | 1,186 | 2,566 | |||||
| Benefit from (provision for) taxes | 367 | (480 | ) | ||||
| Net earnings | $ | 1,553 | $ | 2,086 | |||
| Net earnings per share: | |||||||
| Basic | $ | 1.57 | $ | 1.96 | |||
| Diluted | $ | 1.56 | $ | 1.94 | |||
| Cash dividends declared per share | $ | 0.53 | $ | 0.50 | |||
| Weighted-average shares used to compute net earnings per share: | |||||||
| Basic | 990 | 1,066 | |||||
| Diluted | 997 | 1,078 | |||||
HP Inc. Reports Fiscal 2023 Second Quarter Results
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