HP 2008 Annual Report Download - page 42

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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,
2008 2007 2006 2005 2004
In millions, except per share amounts
Net revenue ............................ $118,364 $104,286 $91,658 $86,696 $79,905
Earnings from operations(1) ................. $ 10,473 $ 8,719 $ 6,560 $ 3,473 $ 4,227
Net earnings ............................ $ 8,329 $ 7,264 $ 6,198 $ 2,398 $ 3,497
Net earnings per share
Basic ................................ $ 3.35 $ 2.76 $ 2.23 $ 0.83 $ 1.16
Diluted .............................. $ 3.25 $ 2.68 $ 2.18 $ 0.82 $ 1.15
Cash dividends declared per share ............ $ 0.32 $ 0.32 $ 0.32 $ 0.32 $ 0.32
At year-end:
Total assets ........................... $113,331 $ 88,699 $81,981 $77,317 $76,138
Long-term debt ........................ $ 7,676 $ 4,997 $ 2,490 $ 3,392 $ 4,623
(1) Earnings from operations include the following items:
2008 2007 2006 2005 2004
In millions
Amortization of purchased intangible assets ...... $ 967 $ 783 $ 604 $ 622 $603
Restructuring charges ...................... 270 387 158 1,684 114
In-process research and development charges .... 45 190 52 2 37
Pension curtailments and pension settlements, net . (517) (199)
Acquisition-related charges .................. 41———54
Total charges before taxes ................... $1,323 $ 843 $ 814 $2,109 $808
Total charges, net of taxes .................. $ 973 $ 690 $ 604 $1,509 $574
36