HP Inc. Reports Fiscal 2018 Second Quarter Results


HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS
(Unaudited)
(In millions)
 
  As of
  April 30, 2018  October 31, 2017
ASSETS   
Current assets:   
Cash and cash equivalents$4,247  $6,997 
Accounts receivable4,605  4,414 
Inventory5,557  5,786 
Other current assets5,024  5,121 
  Total current assets19,433  22,318 
Property, plant and equipment2,061  1,878 
Goodwill5,941  5,622 
Other non-current assets4,652  3,095 
Total assets$32,087  $32,913 
    
LIABILITIES AND STOCKHOLDERS' DEFICIT   
Current liabilities:   
Notes payable and short-term borrowings$1,617  $1,072 
Accounts payable13,054  13,279 
Employee compensation and benefits897  894 
Taxes on earnings300  214 
Deferred revenue1,062  1,012 
Other accrued liabilities6,197  5,941 
  Total current liabilities23,127  22,412 
Long-term debt4,494  6,747 
Other non-current liabilities6,329  7,162 
Stockholders' deficit(1,863) (3,408)
Total liabilities and stockholders' deficit$32,087  $32,913 
        


 
HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
(Unaudited)
(In millions)
 
  Three months ended April 30
  2018  2017
Cash flows from operating activities:   
Net earnings$1,058  $559 
Adjustments to reconcile net earnings to net cash provided by operating activities:   
Depreciation and amortization127  89 
Stock-based compensation expense63  48 
Restructuring and other charges57  140 
Deferred taxes on earnings397  138 
Other, net 185     2  
Changes in operating assets and liabilities, net of acquisition:      
Accounts receivable (234 )   (325 )
Inventory 86     (203 )
Accounts payable 201     142  
Taxes on earnings (1,528 )   (102 )
Restructuring and other (44 )   (46 )
Other assets and liabilities 682     13  
  Net cash provided by operating activities 1,050     455  
Cash flows from investing activities:      
Investment in property, plant and equipment (113 )   (75 )
Purchases of available-for-sale securities and other investments (36 )   (1 )
Maturities and sales of available-for-sale securities and other investments 206      
Collateral posted for derivative instruments (293 )   (204 )
Collateral returned for derivative instruments 857     125  
  Net cash provided by (used in) investing activities 621     (155 )
Cash flows from financing activities:      
Proceeds from short-term borrowings with original maturities less than 90 days, net 943     39  
Proceeds from short-term borrowings with original maturities greater than 90 days 100      
Payment of short-term borrowings with original maturities greater than 90 days (969 )    
Payment of debt (1,985 )   (17 )
Settlement of cash flow hedges     (5 )
Net proceeds related to stock-based award activities 40     22  
Repurchase of common stock (801 )   (223 )
Cash dividends paid (227 )   (224 )
  Net cash used in financing activities (2,899 )   (408 )
Decrease in cash and cash equivalents (1,228 )   (108 )
Cash and cash equivalents at beginning of period 5,475     6,331  
Cash and cash equivalents at end of period $ 4,247     $ 6,223  
               

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12  Next Page »



Review Article Be the first to review this article
Aldec

 True Circuits: Ultra PLL

Featured Video
Latest Blog Posts
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
Virtual 2020 CEO Outlook Set for June 17
Colin WallsEmbedded Software
by Colin Walls
Multiple constructors in C++
Jobs
Senior Application Engineer Formal Verification for EDA Careers at San Jose and Austin, California
Senior Analog Design Engineers #5337 for EDA Careers at EAST COAST, California
Senior Layout Engineer for EDA Careers at EAST COAST, California
Software Engineer for EDA Careers at RTP, North Carolina
Upcoming Events
Sensors Expo & Conference at McEnery Convention Center 150 W. San Carlos Street SAN JOSE CA - Jun 22 - 24, 2020
Nanotech 2020 Conference and Expo at National Harbor MD - Jun 29 - 1, 2020
IEEE Computer Society Annual Symposium on VLSI (ISVLSI) 2020 at Limassol Hotel, Amathus Area, Pareklisia Cyprus - Jul 6 - 8, 2020
57th Design Automation Conference 2020 at San Francisco CA - Jul 19 - 23, 2020



© 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise