HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) (In millions, except per share amounts) | |||||||
Six months ended | |||||||
April 30, 2023 | April 30, 2022 | ||||||
Net revenue | $ | 26,741 | $ | 33,518 | |||
Costs and expenses: | |||||||
Cost of revenue | 21,003 | 26,800 | |||||
Research and development | 813 | 843 | |||||
Selling, general and administrative | 2,729 | 2,932 | |||||
Restructuring and other charges | 341 | 150 | |||||
Acquisition and divestiture charges | 157 | 52 | |||||
Amortization of intangible assets | 171 | 104 | |||||
Total costs and expenses | 25,214 | 30,881 | |||||
Earnings from operations | 1,527 | 2,637 | |||||
Interest and other, net | (341 | ) | (71 | ) | |||
Earnings before taxes | 1,186 | 2,566 | |||||
Benefit from (provision for) taxes | 367 | (480 | ) | ||||
Net earnings | $ | 1,553 | $ | 2,086 | |||
Net earnings per share: | |||||||
Basic | $ | 1.57 | $ | 1.96 | |||
Diluted | $ | 1.56 | $ | 1.94 | |||
Cash dividends declared per share | $ | 0.53 | $ | 0.50 | |||
Weighted-average shares used to compute net earnings per share: | |||||||
Basic | 990 | 1,066 | |||||
Diluted | 997 | 1,078 |