HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS
(Unaudited)
(In millions, except per share amounts)
| Six months ended | |||||||
| April 30, 2021 | April 30, 2020 | ||||||
| Net revenue | $ | 31,523 | $ | 27,087 | |||
| Costs and expenses: | |||||||
| Cost of revenue | 24,759 | 21,722 | |||||
| Research and development | 985 | 738 | |||||
| Selling, general and administrative | 2,859 | 2,506 | |||||
| Restructuring and other charges | 160 | 372 | |||||
| Acquisition-related charges | 16 | 3 | |||||
| Amortization of intangible assets | 61 | 55 | |||||
| Total costs and expenses | 28,840 | 25,396 | |||||
| Earnings from operations | 2,683 | 1,691 | |||||
| Interest and other, net | (51) | 13 | |||||
| Earnings before taxes | 2,632 | 1,704 | |||||
| Provision for taxes | (336) | (262) | |||||
| Net earnings | $ | 2,296 | $ | 1,442 | |||
| Net earnings per share: | |||||||
| Basic | $ | 1.82 | $ | 1.00 | |||
| Diluted | $ | 1.81 | $ | 0.99 | |||
| Cash dividends declared per share | $ | 0.39 | $ | 0.35 | |||
| Weighted-average shares used to compute net earnings per share: | |||||||
| Basic | 1,260 | 1,444 | |||||
| Diluted | 1,270 | 1,450 | |||||
