HP Inc. Reports Fiscal 2024 First Quarter Results



 HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS
(Unaudited)
(In millions)
 


  As of
  January 31, 2024  October 31, 2023
ASSETS   
Current assets:   
Cash, cash equivalents and restricted cash$2,417  $3,232 
Accounts receivable, net 3,804   4,237 
Inventory 6,928   6,862 
Other current assets 3,709   3,646 
Total current assets 16,858   17,977 
Property, plant and equipment, net 2,807   2,827 
Goodwill 8,610   8,591 
Other non-current assets 7,571       7,609  
Total assets $ 35,846     $ 37,004  
       
LIABILITIES AND STOCKHOLDERS' DEFICIT      
Current liabilities:      
Notes payable and short-term borrowings $ 359     $ 230  
Accounts payable   13,255       14,046  
Other current liabilities   10,243       10,212  
Total current liabilities   23,857       24,488  
Long-term debt   9,301       9,254  
Other non-current liabilities   4,328       4,331  
Stockholders' deficit   (1,640 )     (1,069 )
Total liabilities and stockholders' deficit $ 35,846     $ 37,004  

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