HP Inc. Reports Fiscal 2021 Second Quarter Results

HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS
(Unaudited)
(In millions, except per share amounts)

  Six months ended
  April 30, 2021  April 30, 2020
Net revenue$31,523  $27,087 
Costs and expenses:     
Cost of revenue24,759  21,722 
Research and development985  738 
Selling, general and administrative2,859  2,506 
Restructuring and other charges160  372 
Acquisition-related charges16  3 
Amortization of intangible assets61  55 
Total costs and expenses28,840  25,396 
Earnings from operations2,683  1,691 
Interest and other, net(51)  13 
Earnings before taxes2,632  1,704 
Provision for taxes(336)  (262) 
Net earnings$2,296  $1,442 
      
Net earnings per share:     
Basic$1.82  $1.00 
Diluted$ 1.81     $ 0.99  
           
Cash dividends declared per share $ 0.39     $ 0.35  
           
Weighted-average shares used to compute net earnings per share:          
Basic 1,260     1,444  
Diluted 1,270     1,450  
       

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