HP 2015 Annual Report Download - page 183

Table of Contents
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      
Net revenue $ 26,839 $ 25,453 $ 25,349 $ 25,714
Cost of sales(1) 20,571 19,345 19,317 19,363
Research and development 825 850 893 934
Selling, general and administrative 3,071 3,063 2,962 3,089
Amortization of intangible assets 222 221 242 246
Restructuring charges 146 255 25 591
Acquisition and other related charges 4 19 47 20
Separation costs 80 269 401 509
Defined benefit plan settlement charges — — 114 54
Impairment of data center assets — — 136 —
Total costs and expenses 24,919 24,022 24,137 24,806
Earnings from operations 1,920 1,431 1,212 908
Interest and other, net (174) (139) (108) (318)
Earnings before taxes 1,746 1,292 1,104 590
Provision for taxes (380) (281) (250) 733
Net earnings $ 1,366 $ 1,011 $ 854 $ 1,323
Net earnings per share:(2)
Basic $ 0.75 $ 0.56 $ 0.47 $ 0.73
Diluted $ 0.73 $ 0.55 $ 0.47 $ 0.73
Cash dividends paid per share $ 0.16 $ 0.16 $ 0.18 $ 0.18
Range of per share stock prices on the New York Stock Exchange
Low $ 35.77 $ 31.00 $ 29.52 $ 24.30
High $ 41.10 $ 38.86 $ 35.60 $ 30.78
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      
Net revenue $ 28,154 $ 27,309 $ 27,585 $ 28,406
Cost of sales(1) 21,736 20,704 20,974 21,425
Research and development 811 873 887 876
Selling, general and administrative 3,210 3,391 3,388 3,364
Amortization of intangible assets 283 264 227 226
Restructuring charges 114 252 649 604
Acquisition and other related charges 3 3 2 3
Total costs and expenses 26,157 25,487 26,127 26,498
Earnings from operations 1,997 1,822 1,458 1,908
Interest and other, net (163) (174) (145) (146)
Earnings before taxes 1,834 1,648 1,313 1,762
Provision for taxes (409) (375) (328) (432)
Net earnings $ 1,425 $ 1,273 $ 985 $ 1,330
Net earnings per share:(2)
Basic $ 0.75 $ 0.67 $ 0.53 $ 0.71
Diluted $ 0.74 $ 0.66 $ 0.52 $ 0.70
Cash dividends paid per share $ 0.15 $ 0.15 $ 0.16 $ 0.16
Range of per share stock prices on the New York Stock Exchange
Low $ 24.50 $ 27.89 $ 31.21 $ 31.62
High $ 30.13 $ 33.90 $ 36.21 $ 38.25
(1) Cost of products, cost of services and financing interest.
(2) Net EPS for each quarter is computed using the weighted-average number of shares outstanding during that quarter, while EPS for the
fiscal year is computed using the weighted-average number of shares outstanding during the year. Thus the sum of the EPS for each of
the four quarters may not equal the EPS for the fiscal year.
Source: HP INC, 10-K, December 16, 2015 Powered by Morningstar® Document Research℠
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