HP 2008 Annual Report Download - page 108
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 2: Stock-Based Compensation (Continued)
Cash received from option exercises and purchases under the ESPP in fiscal 2008 was $1.8 billion.
The actual tax benefit realized for the tax deduction from option exercises of the share-based payment
awards in fiscal 2008 totaled $412 million. Cash received from option exercises and purchases under the
ESPP in fiscal 2007 was $3.1 billion. The actual tax benefit realized for the tax deduction from option
exercises of the share-based payment awards in fiscal 2007 totaled $675 million.
Shares Reserved
Shares available for future grant under the ESPP and stock-based compensation plans were
190,802,000 at October 31, 2008, including 73,147,000 shares under the assumed Compaq and EDS
plans; 181,704,000 at October 31, 2007, including 45,312,000 shares under the assumed Compaq plans;
and 217,556,000 at October 31, 2006, including 39,151,000 shares under the assumed Compaq plans.
HP had 498,574,000 shares of common stock reserved at October 31, 2008, 549,045,000 shares of
common stock reserved at October 31, 2007, and 664,267,000 shares of common stock reserved at
October 31, 2006 for future issuance under all stock-related benefit plans. Additionally, HP had
21,494,000 shares of common stock reserved at each of October 31, 2007 and October 31, 2006 for
future issuances related to conversion of its zero-coupon subordinated notes, which were redeemed in
March 2008.
Note 3: Net Earnings Per Share
HP calculates basic earnings per share (‘‘EPS’’) using net earnings and the weighted-average
number of shares outstanding during the reporting period. Diluted EPS includes the effect from
potential issuance of common stock, such as stock issuable pursuant to the exercise of stock options.
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