HP 2012 Annual Report Download - page 172

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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 19: Segment Information (Continued)
Selected operating results information for each business segment was as follows for the following
fiscal years ended October 31:
Printing and
Personal Systems Enterprise
Personal Servers, Storage HP Financial Corporate
Systems Printing Services and Networking(1) Software(2) Services Investments(3) Total
2012
Net revenue .............. $34,699 $24,266 $34,365 $19,379 $3,757 $3,784 $ 107 $120,357
Intersegment net revenue and other . 951 221 557 1,112 303 35 1 3,180
Total segment net revenue ...... $35,650 $24,487 $34,922 $20,491 $4,060 $3,819 $ 108 $123,537
Earnings (loss) from operations . . $ 1,706 $ 3,585 $ 4,095 $ 2,132 $ 827 $ 388 $ (238) $ 12,495
2011
Net revenue .............. $38,368 $25,874 $35,333 $20,778 $3,128 $3,568 $ 196 $127,245
Intersegment net revenue and other . 1,206 302 369 1,286 239 28 12 3,442
Total segment net revenue ...... $39,574 $26,176 $35,702 $22,064 $3,367 $3,596 $ 208 $130,687
Earnings (loss) from operations . . $ 2,350 $ 3,927 $ 5,203 $ 2,997 $ 722 $ 348 $(1,619) $ 13,928
2010
Net revenue .............. $40,003 $25,941 $35,169 $19,068 $2,602 $3,037 $ 214 $126,033
Intersegment net revenue and other . 738 235 107 1,178 210 10 — 2,479
Total segment net revenue ...... $40,741 $26,176 $35,276 $20,246 $2,812 $3,047 $ 214 $128,512
Earnings (loss) from operations . . $ 2,032 $ 4,357 $ 5,714 $ 2,814 $ 787 $ 281 $ (358) $ 15,627
(1) Includes the results of 3Com and 3PAR from the dates of acquisition in April 2010 and September 2010, respectively.
(2) Includes the results of ArcSight and Autonomy from the dates of acquisition in October 2010 and October 2011, respectively.
(3) Includes the results of Palm from the date of acquisition in July 2010 and the impact of the decision to wind down the webOS
device business during the quarter ended October 31, 2011.
The reconciliation of segment operating results information to HP consolidated totals was as
follows for the following fiscal years ended October 31:
2012 2011 2010
In millions
Earnings before taxes:
Total segment earnings from operations ...................... $ 12,495 $ 13,928 $ 15,627
Corporate and unallocated costs and eliminations ............... (790) (314) (614)
Unallocated costs related to certain stock-based compensation
expense ............................................ (632) (618) (613)
Amortization of purchased intangible assets ................... (1,784) (1,607) (1,484)
Impairment of goodwill and purchased intangible assets .......... (18,035) (885) —
Acquisition-related charges ............................... (45) (182) (293)
Restructuring charges ................................... (2,266) (645) (1,144)
Interest and other, net ................................... (876) (695) (505)
Total HP consolidated (loss) earnings before taxes .............. $(11,933) $ 8,982 $ 10,974
164