filings.toolsItem 6. Selected Financial Data.
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Item 6. Selected Financial Data.
The information set forth below is not necessarily indicative of results of future continuing operations and should be read in conjunction with Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the Consolidated Financial Statements and notes thereto included in Item 8, “Financial Statements and Supplementary Data” of this Annual Report on Form 10-K, which are incorporated herein by reference, in order to understand further the factors that may affect the comparability of the financial data presented below.
HP INC. AND SUBSIDIARIES
Selected Financial Data
| For the fiscal years ended October 31 | |||||||||||||||||||||||||||||
| 2020 | 2019 | 2018 | 2017 | 2016 | |||||||||||||||||||||||||
| In millions, except per share amounts | |||||||||||||||||||||||||||||
| Net revenue | $ | 56,639 | $ | 58,756 | $ | 58,472 | $ | 52,056 | $ | 48,238 | |||||||||||||||||||
| Earnings from continuing operations | $ | 3,462 | $ | 3,877 | $ | 3,831 | $ | 3,368 | $ | 3,549 | |||||||||||||||||||
| Net loss from discontinued operations net of taxes | $ | — | $ | — | $ | — | $ | — | $ | (170) | |||||||||||||||||||
| Net earnings | $ | 2,844 | $ | 3,152 | $ | 5,327 | $ | 2,526 | $ | 2,496 | |||||||||||||||||||
| Net earnings per share: | |||||||||||||||||||||||||||||
| Basic | |||||||||||||||||||||||||||||
| Continuing operations | $ | 2.01 | $ | 2.08 | $ | 3.30 | $ | 1.50 | $ | 1.54 | |||||||||||||||||||
| Discontinued operations | $ | — | $ | — | $ | — | $ | — | $ | (0.10) | |||||||||||||||||||
| Total basic net earnings per share | $ | 2.01 | $ | 2.08 | $ | 3.30 | $ | 1.50 | $ | 1.44 | |||||||||||||||||||
| Diluted | |||||||||||||||||||||||||||||
| Continuing operations | $ | 2.00 | $ | 2.07 | $ | 3.26 | $ | 1.48 | $ | 1.53 | |||||||||||||||||||
| Discontinued operations | — | — | — | $ | — | $ | (0.10) | ||||||||||||||||||||||
| Total diluted net earnings per share | $ | 2.00 | $ | 2.07 | $ | 3.26 | $ | 1.48 | $ | 1.43 | |||||||||||||||||||
| Cash dividends declared per share | $ | 0.70 | $ | 0.64 | $ | 0.56 | $ | 0.53 | $ | 0.50 | |||||||||||||||||||
| At year-end: | |||||||||||||||||||||||||||||
| Total assets | $ | 34,681 | $ | 33,467 | $ | 34,622 | $ | 32,913 | $ | 28,987 | |||||||||||||||||||
| Long-term debt(1) | $ | 5,543 | $ | 4,780 | $ | 4,524 | $ | 6,747 | $ | 6,735 |
(1) The increase in Long-term debt in fiscal year 2020 was due to issuance of unsecured senior debt of $3.0 billion in aggregate principal amount partially offset by payment of $1.6 billion for the repurchase and redemption of existing notes. The decrease in Long-term debt in fiscal year 2018 was due to the payment for the repurchase of approximately $1.85 billion in aggregate principal amount of U.S. Dollar Global Notes.
HP INC. AND SUBSIDIARIES
Management’s Discussion and Analysis of
Financial Condition and Results of Operations
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