HP Inc. Reports Fiscal 2021 Third Quarter Results


HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS
(Unaudited)
(In millions, except per share amounts)

  Nine months ended
  July 31, 2021  July 31, 2020
Net revenue$46,812  $41,381 
Costs and expenses:   
Cost of revenue36,660  33,623 
Research and development1,462  1,097 
Selling, general and administrative4,267  3,662 
Restructuring and other charges216  431 
Acquisition-related charges40  14 
Amortization of intangible assets103  84 
Total costs and expenses42,748  38,911 
Earnings from operations4,064  2,470 
Interest and other, net(106) (15)
Earnings before taxes3,958   2,455  
Provision for taxes (554 )   (279 )
Net earnings $ 3,404     $ 2,176  
       
Net earnings per share:      
Basic $ 2.76     $ 1.52  
Diluted $ 2.73     $ 1.51  
       
Cash dividends declared per share $ 0.78     $ 0.70  
       
Weighted-average shares used to compute net earnings per share:      
Basic 1,235     1,435  
Diluted 1,247     1,441  

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