HP Inc. Reports Fiscal 2021 Third Quarter Results

(a)      "NM" represents not meaningful.

HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION
(Unaudited)
(In millions)

  Nine months ended   Change (%)
  July 31, 2021  July 31, 2020  Y/Y
Net revenue:     
Notebooks$22,183  $18,361  21% 
Desktops6,871  7,553  (9)% 
Workstations1,177  1,461  (19)% 
Other1,333  1,190  12% 
Personal Systems31,564  28,565  10% 
Supplies9,575  8,455  13% 
Commercial3,112  2,616  19% 
Consumer2,562  1,744  47% 
Printing 15,249     12,815     19%  
Corporate Investments (a) 1     2     NM  
Total segment net revenue 46,814     41,382     13%  
Other (a) (2 )   (1 )   NM  
Total net revenue $ 46,812     $ 41,381     13%  
           
Earnings before taxes:          
Personal Systems $ 2,337     $ 1,784      
Printing 2,806     1,782      
Corporate Investments (82 )   (42 )    
Total segment earnings from operations 5,061     3,524      
Corporate and unallocated cost and other (378 )   (304 )    
Stock-based compensation expense (260 )   (221 )    
Restructuring and other charges (216 )   (431 )    
Acquisition-related charges (40 )   (14 )    
Amortization of intangible assets (103 )   (84 )    
Interest and other, net (106 )   (15 )    
Total earnings before taxes $ 3,958     $ 2,455      

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