| HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) (In millions, except per share amounts) | ||||||
| Twelve months ended | ||||||
| October 31, 2023 | October 31, 2022 | |||||
| Net revenue | $ | 53,718 | $ | 62,910 | ||
| Costs and expenses: | ||||||
| Cost of revenue | 42,210 | 50,647 | ||||
| Research and development | 1,578 | 1,653 | ||||
| Selling, general and administrative | 5,357 | 5,264 | ||||
| Restructuring and other charges | 527 | 218 | ||||
| Acquisition and divestiture charges | 240 | 318 | ||||
| Amortization of intangible assets | 350 | 228 | ||||
| Russia exit charges | — | 23 | ||||
| Total costs and expenses | 50,262 | 58,351 | ||||
| Earnings from operations | 3,456 | 4,559 | ||||
| Interest and other, net | (519) | (235) | ||||
| Earnings before taxes | 2,937 | 4,324 | ||||
| Benefit from (provision for) taxes | 326 | (1,192) | ||||
| Net earnings | $ | 3,263 | $ | 3,132 | ||
| Net earnings per share: | ||||||
| Basic | $ | 3.29 | $ | 3.02 | ||
| Diluted | $ | 3.26 | $ | 2.98 | ||
| Cash dividends declared per share | $ | 1.05 | $ | 1.00 | ||
| Weighted-average shares used to compute net earnings per share: | ||||||
| Basic | 992 | 1,038 | ||||
| Diluted | 1,000 | 1,050 | ||||
HP Inc. Reports Fiscal 2023 Full Year and Fourth Quarter Results
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