HP 2006 Annual Report Download - page 37
Download and view the complete annual report
Please find page 37 of the 2006 HP annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27 -
28 -
29 -
30 -
31 -
32 -
33 -
34 -
35 -
36 -
37 -
38 -
39 -
40 -
41 -
42 -
43 -
44 -
45 -
46 -
47 -
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
 |
 |
the minimum and maximum price as well as regulatory limitations on the number of shares HP is
permitted to repurchase. HP decreases its shares outstanding each settlement period as shares are
physically received. HP will retire all shares repurchased under the PVSPP, and HP will no longer deem
those shares outstanding. See Note 14 to the Consolidated Financial Statements in Item 8 for more
details.
On August 15, 2006, HP’s Board of Directors authorized an additional $6.0 billion for future
repurchases of outstanding shares of common stock. As of October 31, 2006, HP had remaining
authorization of approximately $5.6 billion for future share repurchases. Previously authorized share
repurchases also will be made under the PVSPP until the remaining available balance is exhausted in
the second quarter of fiscal 2007.
ITEM 6. Selected Financial Data.
The information set forth below is not necessarily indicative of results of future 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 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.
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Selected Financial Data(1)
For the fiscal years ended October 31,
2006 2005 2004 2003 2002
In millions, except per share amounts
Net revenue .............................. $91,658 $86,696 $79,905 $73,061 $56,588
Earnings (loss) from operations(2) .............. $ 6,560 $ 3,473 $ 4,227 $ 2,896 $ (1,012)
Net earnings (loss)(2)(3) ...................... $ 6,198 $ 2,398 $ 3,497 $ 2,539 $ (903)
Net earnings (loss) per share(2)(3)
Basic ................................. $ 2.23 $ 0.83 $ 1.16 $ 0.83 $ (0.36)
Diluted ................................ $ 2.18 $ 0.82 $ 1.15 $ 0.83 $ (0.36)
Cash dividends declared per share .............. $ 0.32 $ 0.32 $ 0.32 $ 0.32 $ 0.32
At year-end:
Total assets ............................. $81,981 $77,317 $76,138 $74,716 $70,710
Long-term debt .......................... $ 2,490 $ 3,392 $ 4,623 $ 6,494 $ 6,035
(1) HP’s Consolidated Financial Statements and notes thereto reflect HP’s acquisition of Compaq on
May 3, 2002. The occurrence of the acquisition in the middle of fiscal 2002 affects the
comparability of financial information for fiscal years after 2002.
33