HP Inc. Reports Fiscal 2019 Third Quarter Results

(b) Pursuant to adoption of ASU 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post-retirement Benefit Cost”, in the first quarter of fiscal year 2019, HP now reclassifies all components (excluding service cost component) of net periodic benefit cost from Selling, general and administrative expenses to Interest and other, net. HP reflected this change in prior reporting periods on an as-if basis.


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

  Nine months ended
  July 31, 2019  July 31, 2018
Net revenue:(a)   
Personal Systems$28,268  $27,597 
Printing15,084  15,505 
Corporate Investments2  3 
Total segments43,354  43,105 
Other(5) 1 
Total net revenue$43,349  $43,106 
    
Earnings before taxes:(a),(b)
   
Personal Systems$1,342  $1,026 
Printing2,425  2,465 
Corporate Investments(71) (62)
Total segment earnings from operations3,696  3,429 
Corporate and unallocated costs and other(290) (140)
Stock-based compensation expense(233) (203)
Restructuring and other charges(141) (92)
Acquisition-related charges(12 )   (97 )
Amortization of intangible assets (87 )   (60 )
Interest and other, net (902 )   (831 )
Earnings before taxes $ 2,031     $ 2,006  

(a) Effective at the beginning of its first quarter of fiscal year 2019, HP implemented an organizational change to align its business unit financial reporting more closely with its current business structure. The organizational change resulted in the transfer of certain Samsung-branded product categories from Commercial to Consumer within the Printing segment. HP reflected this change to its business unit information in prior reporting periods on an as-if basis. The reporting change had no impact to previously reported segment net revenue, consolidated net revenue, earnings from operations, net earnings or net EPS. 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16  Next Page »



Review Article Be the first to review this article
Aldec


Featured Video
Latest Blog Posts
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Functional Safety and Security in Embedded Systems
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
Phil Kaufman Award Goes on Hiatus for 2020
Colin WallsEmbedded Software
by Colin Walls
Why develop embedded software bottom up?
Jobs
Senior Application Engineer Formal Verification for EDA Careers at California or Austin, California
Wireless ASIC Design Engineer for Apple Inc at Cupertino, California
ASIC Design Engineer, for Apple Inc at Cupertino, California
ASIC Engineer for Amazon at seattle, Washington
ASIC Design Integration Engineer for Apple Inc at Cupertino, California
Product Line Manager for EDA Careers at Multiple, North Carolina
Upcoming Events
Accellera Day India 2020 at Online Event India - Dec 2 - 3, 2020
RISC-V Summit 2020. at United States - Dec 7 - 10, 2020
SEMICON Japan 2020 Goes Virtual at Japan - Dec 11 - 18, 2020
IPC APEX EXPO 2021 at San Diego Convention Center san diego - Mar 6 - 11, 2021
TrueCircuits:



© 2020 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+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