HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS
(Unaudited)
(In millions, except per share amounts)
| Nine months ended | |||||||
| July 31, 2021 | July 31, 2020 | ||||||
| Net revenue | $ | 46,812 | $ | 41,381 | |||
| Costs and expenses: | |||||||
| Cost of revenue | 36,660 | 33,623 | |||||
| Research and development | 1,462 | 1,097 | |||||
| Selling, general and administrative | 4,267 | 3,662 | |||||
| Restructuring and other charges | 216 | 431 | |||||
| Acquisition-related charges | 40 | 14 | |||||
| Amortization of intangible assets | 103 | 84 | |||||
| Total costs and expenses | 42,748 | 38,911 | |||||
| Earnings from operations | 4,064 | 2,470 | |||||
| Interest and other, net | (106 | ) | (15 | ) | |||
| Earnings before taxes | 3,958 | 2,455 | |||||
| Provision for taxes | (554 | ) | (279 | ) | |||
| Net earnings | $ | 3,404 | $ | 2,176 | |||
| Net earnings per share: | |||||||
| Basic | $ | 2.76 | $ | 1.52 | |||
| Diluted | $ | 2.73 | $ | 1.51 | |||
| Cash dividends declared per share | $ | 0.78 | $ | 0.70 | |||
| Weighted-average shares used to compute net earnings per share: | |||||||
| Basic | 1,235 | 1,435 | |||||
| Diluted | 1,247 | 1,441 | |||||
