HP 2015 Annual Report Download - page 44

Table of Contents
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The information set forth below includes the results of Hewlett Packard Enterprise which separated from HP on November 1, 2015 and is not an
indicative of results of future continuing operations. The information set forth below should be read in conjunction with Item 7, "Management's Discussion
and Analysis of Financial Condition and Results of Operations," and the Consolidated Financial Statements and notes thereto included in Item 8, "Financial
Statements and Supplementary Data," of this Annual Report on Form 10-K, which are incorporated herein by reference, in order to understand further the
factors that may affect the comparability of the financial data presented below.
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       
   
Net revenue $ 103,355 $ 111,454 $ 112,298 $ 120,357 $ 127,245
Earnings (loss) from operations(1) $ 5,471 $ 7,185 $ 7,131 $ (11,057) $ 9,677
Net earnings (loss)(1) $ 4,554 $ 5,013 $ 5,113 $ (12,650) $ 7,074
Net earnings (loss) per share
Basic $ 2.51 $ 2.66 $ 2.64 $ (6.41) $ 3.38
Diluted $ 2.48 $ 2.62 $ 2.62 $ (6.41) $ 3.32
Cash dividends declared per share $ 0.67 $ 0.61 $ 0.55 $ 0.50 $ 0.40
At year-end:
Total assets(2) $ 106,882 $ 103,206 $ 105,676 $ 108,768 $ 129,517
Long-term debt $ 21,780 $ 16,039 $ 16,608 $ 21,789 $ 22,551
Total debt(3) $ 24,665 $ 19,525 $ 22,587 $ 28,436 $ 30,634
(1) Earnings (loss) from operations and net earnings (loss) include the following items:
     
   
Amortization of intangible assets $ 931 $ 1,000 $ 1,373 $ 1,784 $ 1,607
Impairment of goodwill and intangible assets — — — 18,035 885
Wind down of webOS device business — — — (36) 755
Wind down of non-strategic businesses — — — 108 —
Restructuring charges 1,017 1,619 990 2,266 645
Separation costs 1,259 — — — —
Defined benefit plan settlement charges 168 — — — —
Impairment of data center assets 136 — — — —
Acquisition and other related charges 90 11 22 45 182
Total charges before taxes $ 3,601 $ 2,630 $ 2,385 $ 22,202 $ 4,074
Total charges, net of taxes $ 2,737 $ 2,132 $ 1,825 $ 20,685 $ 3,130
(2) Total assets decreased in fiscal 2012 due primarily to goodwill and intangible asset impairment charges associated with the Autonomy
reporting unit within the Software segment, a goodwill impairment charge associated with the ES segment and an intangible asset
impairment charge associated with the "Compaq" trade name within the Personal Systems segment.
(3) Total debt increased in fiscal 2015 due primarily to the Separation and business acquisitions. In fiscal 2014 and 2013, total debt
decreased due to maturities.
Source: HP INC, 10-K, December 16, 2015 Powered by Morningstar® Document Research℠
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