HP 2007 Annual Report Download - page 48
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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
For the fiscal years ended October 31,
2007 2006 2005 2004 2003
In millions, except per share amounts
Net revenue.................................................................................... $104,286 $91,658 $86,696 $79,905 $73,061
Earnings from operations(1)............................................................ $8,719 $6,560 $3,473 $4,227 $2,896
Net earnings................................................................................... $7,264 $6,198 $2,398 $3,497 $2,539
Net earnings per share
Basic ........................................................................................... $2.76 $2.23 $0.83 $1.16 $0.83
Diluted ........................................................................................ $2.68 $2.18 $0.82 $1.15 $0.83
Cash dividends declared per share................................................. $0.32 $0.32 $0.32 $0.32 $0.32
At year-end:
Total assets.................................................................................. $88,699 $81,981 $77,317 $76,138 $74,716
Long-term debt ........................................................................... $4,997 $2,490 $3,392 $4,623 $6,494
(1) Earnings from operations include the following items:
2007 2006 2005 2004 2003
In millions
Amortization of purchased intangible assets ......................... $783 $604 $622 $603 $563
Stock-based compensation expense....................................... 629 536 104 48 45
Restructuring charges ............................................................ 387 158 1,684 114 800
In-process research and development charges....................... 190 52 2 37 1
Pension curtailments and pension settlements, net................ (517) — (199) — —
Acquisition-related charges ................................................... — — — 54 280
Total charges before taxes ..................................................... $1,472 $1,350 $2,213 $856 $1,689
Total charges, net of taxes ..................................................... $1,137 $970 $1,583 $604 $1,157
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