HP 2014 Annual Report Download - page 92
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Consolidated Statements of Earnings
For the fiscal years ended October 31
2014 2013 2012
In millions, except per share amounts
Net revenue:
Products ........................................... $ 73,726 $ 72,398 $ 77,887
Services ............................................ 37,327 39,453 42,008
Financing income ..................................... 401 447 462
Total net revenue ................................... 111,454 112,298 120,357
Costs and expenses:
Cost of products ..................................... 56,469 55,632 59,468
Cost of services ...................................... 28,093 30,436 32,600
Financing interest .................................... 277 312 317
Research and development .............................. 3,447 3,135 3,399
Selling, general and administrative ........................ 13,353 13,267 13,500
Amortization of intangible assets ......................... 1,000 1,373 1,784
Impairment of goodwill and intangible assets ................. — — 18,035
Restructuring charges .................................. 1,619 990 2,266
Acquisition-related charges .............................. 11 22 45
Total operating expenses .............................. 104,269 105,167 131,414
Earnings (loss) from operations ............................ 7,185 7,131 (11,057)
Interest and other, net ................................... (628) (621) (876)
Earnings (loss) before taxes ............................... 6,557 6,510 (11,933)
Provision for taxes ...................................... (1,544) (1,397) (717)
Net earnings (loss) ..................................... $ 5,013 $ 5,113 $(12,650)
Net earnings (loss) per share:
Basic .............................................. $ 2.66 $ 2.64 $ (6.41)
Diluted ............................................ $ 2.62 $ 2.62 $ (6.41)
Weighted-average shares used to compute net earnings (loss) per
share:
Basic .............................................. 1,882 1,934 1,974
Diluted ............................................ 1,912 1,950 1,974
The accompanying notes are an integral part of these Consolidated Financial Statements.
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