| HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION (Unaudited) (In millions) | ||||||||||
| Nine months ended | Change (%) | |||||||||
| July 31, 2022 | July 31, 2021 | Y/Y | ||||||||
| Net revenue: | ||||||||||
| Notebooks | $ | 22,729 | $ | 22,183 | 2 | % | ||||
| Desktops | 8,199 | 6,871 | 19 | % | ||||||
| Workstations | 1,565 | 1,177 | 33 | % | ||||||
| Other | 1,324 | 1,333 | (1)% | |||||||
| Personal Systems | 33,817 | 31,564 | 7 | % | ||||||
| Supplies | 9,013 | 9,575 | (6)% | |||||||
| Commercial | 3,117 | 3,112 | — | % | ||||||
| Consumer | 2,239 | 2,562 | (13)% | |||||||
| Printing | 14,369 | 15,249 | (6)% | |||||||
| Corporate Investments (a) | 1 | 1 | NM | |||||||
| Total segment | 48,187 | 46,814 | 3 | % | ||||||
| Other (a) | (5 | ) | (2 | ) | NM | |||||
| Total net revenue | $ | 48,182 | $ | 46,812 | 3 | % | ||||
| Earnings before taxes: | ||||||||||
| Personal Systems | $ | 2,450 | $ | 2,337 | ||||||
| Printing | 2,748 | 2,806 | ||||||||
| Corporate Investments | (184 | ) | (82 | ) | ||||||
| Total segment earnings from operations | 5,014 | 5,061 | ||||||||
| Corporate and unallocated cost and other | (409 | ) | (378 | ) | ||||||
| Stock-based compensation expense | (273 | ) | (260 | ) | ||||||
| Restructuring and other charges | (163 | ) | (216 | ) | ||||||
| Acquisition-related charges | (83 | ) | (40 | ) | ||||||
| Amortization of intangible assets | (154 | ) | (103 | ) | ||||||
| Russia exit charges | (23 | ) | — | |||||||
| Interest and other, net | (141 | ) | (106 | ) | ||||||
| Total earnings before taxes | $ | 3,768 | $ | 3,958 | ||||||
- "NM" represents not meaningful.
| HP INC. AND SUBSIDIARIES
SEGMENT OPERATING MARGIN SUMMARY (Unaudited) | ||||||||||||
| Three months ended | Change (pts) | |||||||||||
| July 31, 2022 | April 30, 2022 | July 31, 2021 | Q/Q | Y/Y | ||||||||
| Segment operating margin: | ||||||||||||
| Personal Systems | 6.9 | % | 6.9 | % | 8.4 | % | — | (1.5)pts | ||||
| Printing | 19.9 | % | 19.3 | % | 17.6 | % | 0.6 pts | 2.3 pts | ||||
| Corporate Investments (a) | NM | NM | NM | NM | NM | |||||||
| Total segment | 10.6 | % | 10.3 | % | 11.2 | % | 0.3 pts | (0.6)pts | ||||
- "NM" represents not meaningful.
| HP INC. AND SUBSIDIARIES
CALCULATION OF DILUTED NET EARNINGS PER SHARE (Unaudited) (In millions, except per share amounts) | ||||||||
| Three months ended | ||||||||
| July 31, 2022 | April 30, 2022 | July 31, 2021 | ||||||
| Numerator: | ||||||||
| GAAP net earnings | $ | 1,119 | $ | 1,000 | $ | 1,108 | ||
| Non-GAAP net earnings | $ | 1,079 | $ | 1,152 | $ | 1,198 | ||
| Denominator: | ||||||||
| Weighted-average shares used to compute basic net earnings per share | 1,024 | 1,050 | 1,185 | |||||
| Dilutive effect of employee stock plans (a) | 11 | 12 | 14 | |||||
| Weighted-average shares used to compute diluted net earnings per share | 1,035 | 1,062 | 1,199 | |||||
| GAAP diluted net earnings per share | $ | 1.08 | $ | 0.94 | $ | 0.92 | ||
| Non-GAAP diluted net earnings per share | $ | 1.04 | $ | 1.08 | $ | 1.00 | ||
- Includes any dilutive effect of restricted stock units, stock options and performance-based awards.
| HP INC. AND SUBSIDIARIES
CALCULATION OF DILUTED NET EARNINGS PER SHARE (Unaudited) (In millions, except per share amounts) | |||||
| Nine months ended | |||||
| July 31, 2022 | July 31, 2021 | ||||
| Numerator: | |||||
| GAAP net earnings | $ | 3,205 | $ | 3,404 | |
| Non-GAAP net earnings | $ | 3,434 | $ | 3,544 | |
| Denominator: | |||||
| Weighted-average shares used to compute basic net earnings per share | 1,052 | 1,235 | |||
| Dilutive effect of employee stock plans (a) | 12 | 12 | |||
| Weighted-average shares used to compute diluted net earnings per share | 1,064 | 1,247 | |||
| GAAP diluted net earnings per share | $ | 3.01 | $ | 2.73 | |
| Non-GAAP diluted net earnings per share | $ | 3.23 | $ | 2.84 | |
- Includes any dilutive effect of restricted stock units, stock options and performance-based awards
