HP 2012 Annual Report Download - page 111

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 4: Balance Sheet Details (Continued)
Other Liabilities
2012 2011
In millions
Pension, post-retirement, and post-employment liabilities .................... $ 7,780 $ 5,414
Deferred tax liability—long-term ..................................... 2,948 5,163
Long-term deferred revenue ........................................ 3,371 3,453
Other long-term liabilities .......................................... 3,381 3,490
$17,480 $17,520
Note 5: Supplemental Cash Flow Information
Supplemental cash flow information to the Consolidated Statements of Cash Flows was as follows
for the following fiscal years ended October 31:
2012 2011 2010
In millions
Cash paid for income taxes, net ................................. $1,750 $1,134 $1,293
Cash paid for interest ........................................ $ 856 $ 451 $ 384
Non-cash investing and financing activities:
Issuance of common stock and stock awards assumed in business
acquisitions ............................................ $ — $ 23 $ 93
Purchase of assets under capital leases .......................... $ 12 $ 10 $ 122
Note 6: Acquisitions
Acquisitions in prior years
In fiscal 2011, HP completed four acquisitions. Total fair value of purchase consideration for the
acquisitions was $11.4 billion, which includes cash paid for outstanding common stock, convertible
bonds, vested-in-the-money stock awards and the estimated fair value of earned unvested stock awards
assumed. In connection with these acquisitions, HP recorded approximately $6.9 billion of goodwill,
$4.7 billion of purchased intangibles and assumed $206 million of net liabilities. HP’s largest acquisition
in fiscal 2011 was its acquisition of Autonomy, with a total fair value of purchase consideration of
$11.0 billion.
In fiscal 2010, HP completed eleven acquisitions. Total fair value of purchase consideration for the
acquisitions was $9.4 billion, which includes cash paid for common stock, vested-in-the-money stock
awards, the estimated fair value of earned unvested stock awards assumed, as well as certain debt that
was repaid at the acquisition date. In connection with these acquisitions, HP recorded approximately
$5.2 billion of goodwill, $2.4 billion of purchased intangibles and $331 million of IPR&D. The largest
four of the eleven acquisitions were the acquisitions of 3Com Corporation (‘‘3Com’’), Palm, Inc.
(‘‘Palm’’), 3PAR Inc. (‘‘3PAR’’) and ArcSight, Inc. (‘‘ArcSight’’).
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