HP 2014 Annual Report Download - page 163
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 13: Stockholders’ Equity (Continued)
The components of accumulated other comprehensive loss, net of taxes as of October 31, 2014 and
changes during fiscal year 2014 were as follows:
Net unrealized Unrealized Accumulated
gain on Net unrealized components Cumulative other
available-for-sale loss on cash of defined translation comprehensive
securities flow hedges benefit plans adjustment loss
In millions
Balance at beginning of period . . $76 $(188) $(3,084) $(582) $(3,778)
Other comprehensive income
(loss) before reclassifications . . 6 163 (2,533) (112) (2,479)
Reclassifications of (gains) losses
into earnings ............. (1) 133 241 — 376
Balance at end of period ...... $81 $108 $(5,376) $(694) $(5,881)
Note 14: Net Earnings Per Share
HP calculates basic net EPS using net earnings (loss) and the weighted-average number of shares
outstanding during the reporting period. Diluted net EPS includes any dilutive effect of restricted stock
awards, stock options, performance-based awards and shares purchased under the 2011 ESPP.
The reconciliations of the numerators and denominators of each of the basic and diluted net EPS
calculations were as follows:
For the fiscal years ended
October 31
2014 2013 2012
In millions, except per share
amounts
Numerator:
Net earnings (loss)(1) ...................................... $5,013 $5,113 $(12,650)
Denominator:
Weighted-average shares used to compute basic net EPS ............ 1,882 1,934 1,974
Dilutive effect of employee stock plans ........................ 30 16 —
Weighted-average shares used to compute diluted net EPS .......... 1,912 1,950 1,974
Net earnings (loss) per share:
Basic ................................................. $ 2.66 $ 2.64 $ (6.41)
Diluted(2) .............................................. $ 2.62 $ 2.62 $ (6.41)
Anti-dilutive weighted average options(3) ......................... 26 52 57
(1) Net earnings allocated to participating securities were not significant in fiscal 2014, 2013 and 2012.
HP considers restricted stock awards that provide the holder with a non-forfeitable right to receive
dividends to be participating securities.
(2) For fiscal 2012, HP excluded from the calculation of diluted net loss per share 10 million shares
potentially issuable under stock-based incentive compensation plans and the 2011 ESPP, as their
effect, if included, would have been anti-dilutive.
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