Cash flow HP Inc.

Equities

HPQ

US40434L1052

Computer Hardware

Market Closed - Nyse Other stock markets 04:00:02 2025-01-21 pm EST			5-day change	1st Jan Change
32.95 ^USD	+1.35%		+0.86%	+0.98%

Jan. 15	HP Inc Announces Management Changes	CI
Jan. 13	Bernstein Adjusts Price Target on HP $34 From $32, Keeps Market Perform Rating	MT

8bb0a108b0f02af19faeecec.1xkeP4pFTeV-sEpSo2nhFHsngRxO_XcoEQCdwMzXRoo.ry9pRcQSe6xNhhUeyxOtRBYRyVoGsz9qXHKrjvviIeafUURcxBAFjDHHPQ

Published financial data: HP INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2020	2021	2022	2023	2024
Revenues	56.64B	63.49B	62.98B	53.72B	53.56B
Finance Div. Revenues	-	-	-	-	-
Total Revenues	56.64B	63.49B	62.98B	53.72B	53.56B
Cost of Goods Sold, Total	46.2B	50.07B	50.65B	42.21B	41.74B
Interest Expense - Finance Division	-	-	-	-	-
Gross Profit	10.44B	13.42B	12.34B	11.51B	11.82B
Selling General & Admin Expenses, Total	4.88B	5.54B	5.26B	5.36B	5.65B
R&D Expenses	1.48B	1.91B	1.59B	1.58B	1.64B
Amortization of Goodwill and Intangible Assets - (IS)	113M	154M	228M	350M	318M
Other Operating Expenses, Total	6.47B	7.61B	7.08B	7.28B	7.6B
Operating Income	3.96B	5.81B	5.25B	4.22B	4.21B
Interest Expense, Total	-239M	-254M	-359M	-548M	-452M
Interest And Investment Income	40M	31M	46M	67M	78M
Net Interest Expenses	-199M	-223M	-313M	-481M	-374M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	40M	-65M	41M	-65M	44M
Other Non Operating Income (Expenses)	-13M	13M	37M	58M	-218M
EBT, Excl. Unusual Items	3.79B	5.54B	5.02B	3.74B	3.67B
Restructuring Charges	-401M	-223M	-231M	-583M	-233M
Merger & Related Restructuring Charges	-16M	-68M	-318M	-240M	-83M
Asset Writedown	-	-	-	-	-
Legal Settlements	-	2.3B	-	-	-
Other Unusual Items	-145M	-38M	-25M	24M	-71M
EBT, Incl. Unusual Items	3.23B	7.51B	4.44B	2.94B	3.28B
Income Tax Expense	387M	1.01B	1.24B	-326M	504M
Earnings From Continuing Operations	2.84B	6.5B	3.2B	3.26B	2.78B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	2.84B	6.5B	3.2B	3.26B	2.78B
Net Income - (IS)	2.84B	6.5B	3.2B	3.26B	2.78B
Net Income to Common Incl Extra Items	2.84B	6.5B	3.2B	3.26B	2.78B
Net Income to Common Excl. Extra Items	2.84B	6.5B	3.2B	3.26B	2.78B
Per Share Items
Net EPS - Basic	2.01	5.38	3.09	3.29	2.83
Basic EPS - Continuing Operations	2.01	5.38	3.09	3.29	2.83
Basic Weighted Average Shares Outstanding	1.41B	1.21B	1.04B	992M	979M
Net EPS - Diluted	2	5.33	3.05	3.26	2.81
Diluted EPS - Continuing Operations	2	5.33	3.05	3.26	2.81
Diluted Weighted Average Shares Outstanding	1.42B	1.22B	1.05B	1B	989M
Normalized Basic EPS	1.68	2.86	3.02	2.35	2.34
Normalized Diluted EPS	1.67	2.84	2.99	2.34	2.32
Dividend Per Share	0.7	0.78	1	1.05	1.1
Payout Ratio	35.06	14.42	32.38	31.78	38.74
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	4.75B	6.6B	6.03B	5.07B	5.04B
EBITA	4.08B	5.96B	5.48B	4.57B	4.53B
EBIT	3.96B	5.81B	5.25B	4.22B	4.21B
EBITDAR	5.1B	6.93B	6.36B	5.41B	5.38B
Total Revenues (As Reported)	-	-	-	-	53.56B
Effective Tax Rate - (Ratio)	11.98	13.42	27.88	-11.1	15.37
Current Domestic Taxes	-1M	1.2B	327M	268M	278M
Current Foreign Taxes	319M	420M	341M	337M	357M
Total Current Taxes	318M	1.62B	668M	605M	635M
Deferred Domestic Taxes	-95M	-410M	70M	-626M	62M
Deferred Foreign Taxes	164M	-197M	500M	-305M	-193M
Total Deferred Taxes	69M	-607M	570M	-931M	-131M
Normalized Net Income	2.37B	3.46B	3.13B	2.34B	2.29B
Non-Cash Pension Expense	9M	-154M	-117M	79M	12M
Supplemental Operating Expense Items
Advertising Expense	578M	829M	696M	611M	628M
Research And Development Expense From Footnotes	1.48B	1.91B	1.59B	1.58B	1.64B
Net Rental Expense, Total	344M	336M	332M	336M	336M
Imputed Operating Lease Interest Expense	105M	84.28M	90.06M	127M	112M
Imputed Operating Lease Depreciation	239M	252M	242M	209M	224M
Stock-Based Comp., Other (Total)	278M	330M	343M	438M	452M
Total Stock-Based Compensation	278M	330M	343M	438M	452M

Fiscal Period: October	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	4.86B	4.3B	3.14B	3.23B	3.25B
Short Term Investments	274M	5M	-	-	-
Trading Asset Securities, Total	4M	-	-	-	-
Total Cash And Short Term Investments	5.14B	4.3B	3.14B	3.23B	3.25B
Accounts Receivable, Total	5.38B	5.51B	4.55B	4.24B	5.12B
Other Receivables	3.06B	3.34B	2.34B	2.2B	4.36B
Total Receivables	8.44B	8.85B	6.89B	6.44B	9.48B
Inventory	5.96B	7.93B	7.6B	6.86B	7.72B
Prepaid Expenses	874M	809M	1.3B	991M	104M
Finance Division Loans and Leases Current	-	-	-	-	-
Finance Division Other Current Assets, Total	-	-	-	-	-
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	226M	278M	868M	454M	206M
Total Current Assets	20.65B	22.17B	19.8B	17.98B	20.76B
Gross Property Plant And Equipment	8.45B	8.66B	8.83B	8.9B	9.16B
Accumulated Depreciation	-4.71B	-4.93B	-4.82B	-4.89B	-5.08B
Net Property Plant And Equipment	3.73B	3.74B	4.01B	4.02B	4.08B
Long-term Investments	58M	130M	110M	111M	111M
Goodwill	6.38B	6.8B	8.54B	8.59B	8.63B
Other Intangibles, Total	540M	784M	1.93B	1.59B	1.32B
Finance Division Loans and Leases Long-Term	-	-	-	-	-
Finance Division Other Long-Term Assets, Total	-	-	-	-	-
Deferred Tax Assets Long-Term	2.52B	2.92B	2.16B	3.16B	3.31B
Deferred Charges Long-Term	34M	36M	34M	44M	50M
Other Long-Term Assets, Total	772M	2.03B	2B	1.52B	1.65B
Total Assets	34.68B	38.61B	38.59B	37B	39.91B
Liabilities
Accounts Payable, Total	14.7B	16.08B	15.28B	14.05B	16.9B
Accrued Expenses, Total	5.43B	6.03B	4.98B	5.09B	5.26B
Short-term Borrowings	41M	434M	53M	51M	48M
Current Portion of Long-Term Debt	611M	662M	155M	165M	1.36B
Current Portion of Leases	297M	360M	415M	444M	456M
Finance Division Debt Current	-	-	-	-	-
Current Income Taxes Payable	223M	296M	286M	217M	291M
Unearned Revenue Current, Total	1.21B	1.28B	1.39B	1.42B	1.45B
Other Current Liabilities	3.71B	3.96B	3.58B	3.05B	2.92B
Total Current Liabilities	26.22B	29.1B	26.15B	24.49B	28.69B
Long-Term Debt	5.53B	6.4B	10.87B	9.3B	8.26B
Long-Term Leases	922M	950M	883M	838M	805M
Unearned Revenue Non Current	1.07B	1.1B	1.17B	1.32B	1.49B
Pension & Other Post Retirement Benefits	1.58B	1.04B	600M	545M	607M
Deferred Tax Liability Non Current	25M	57M	121M	44M	31M
Other Non Current Liabilities	1.57B	1.62B	1.71B	1.54B	1.36B
Total Liabilities	36.91B	40.26B	41.5B	38.07B	41.23B
Common Stock, Total	13M	11M	10M	10M	9M
Additional Paid In Capital	963M	1.06B	1.17B	1.5B	1.78B
Retained Earnings	-1.96B	-2.46B	-4.41B	-2.36B	-2.68B
Comprehensive Income and Other	-1.24B	-260M	313M	-223M	-434M
Total Common Equity	-2.23B	-1.65B	-2.92B	-1.07B	-1.32B
Minority Interest	-	-	-	-	-
Total Equity	-2.23B	-1.65B	-2.92B	-1.07B	-1.32B
Total Liabilities And Equity	34.68B	38.61B	38.59B	37B	39.91B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.29B	1.08B	982M	991M	938M
ECS Total Common Shares Outstanding	1.3B	1.09B	980M	989M	939M
Book Value / Share	-1.71	-1.51	-2.98	-1.08	-1.41
Tangible Book Value	-9.15B	-9.24B	-13.39B	-11.25B	-11.27B
Tangible Book Value Per Share	-7.02	-8.46	-13.67	-11.38	-12
Total Debt	7.4B	8.8B	12.37B	10.8B	10.92B
Net Debt	2.26B	4.5B	9.23B	7.56B	7.67B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.48B	216M	0	227M	260M
Debt Equivalent Oper. Leases	2.75B	2.69B	2.66B	2.69B	2.69B
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	2.3B	3.4B	2.71B	2.93B	3.38B
Inventories - Finished Goods, Total	3.66B	4.53B	4.88B	3.93B	4.34B
Land - (BS)	2.07B	2.17B	2.26B	2.33B	2.53B
Buildings, Total	-	-	-	-	-
Machinery, Total	5.28B	5.31B	5.34B	5.38B	5.46B
Full Time Employees	53K	51K	58K	58K	58K
Accumulated Allowance for Doubtful Accounts (Supple)	122M	111M	107M	93M	83M

Fiscal Period: October	2020	2021	2022	2023	2024
Net Income	2.84B	6.5B	3.2B	3.26B	2.78B
Depreciation & Amortization - CF	676M	631M	552M	500M	512M
Amortization of Goodwill and Intangible Assets - (CF)	113M	154M	228M	350M	318M
Depreciation & Amortization, Total	789M	785M	780M	850M	830M
Asset Writedown & Restructuring Costs	462M	245M	233M	527M	301M
Stock-Based Compensation (CF)	278M	330M	343M	438M	452M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	609M	-202M	1.05B	-933M	-160M
Change In Accounts Receivable	575M	-80M	1.26B	278M	-929M
Change In Inventories	-386M	-2.16B	233M	668M	-852M
Change In Accounts Payable	-35M	1.26B	-928M	-1.24B	2.84B
Change In Income Taxes	-147M	64M	-83M	198M	-24M
Change in Other Net Operating Assets	-673M	-329M	-1.63B	-478M	-1.48B
Cash from Operations	4.32B	6.41B	4.46B	3.57B	3.75B
Capital Expenditure	-580M	-582M	-791M	-609M	-592M
Sale of Property, Plant, and Equipment	3M	-	26M	16M	-
Cash Acquisitions	-	-854M	-2.76B	-7M	-58M
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-276M	276M	-43M	10M	4M
Other Investing Activities, Total	-163M	148M	14M	-	-
Cash from Investing	-1.02B	-1.01B	-3.55B	-590M	-646M
Short Term Debt Issued, Total	27M	422M	-	-	-
Long-Term Debt Issued, Total	3.08B	2.1B	4.18B	255M	380M
Total Debt Issued	3.11B	2.52B	4.18B	255M	380M
Short Term Debt Repaid, Total	-	-	-400M	-10M	-
Long-Term Debt Repaid, Total	-1.85B	-1.24B	-693M	-1.7B	-213M
Total Debt Repaid	-1.85B	-1.24B	-1.09B	-1.71B	-213M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-3.11B	-6.25B	-4.3B	-100M	-2.1B
Common Dividends Paid	-997M	-938M	-1.04B	-1.04B	-1.08B
Common & Preferred Stock Dividends Paid	-997M	-938M	-1.04B	-1.04B	-1.08B
Other Financing Activities, Total	-128M	-51M	184M	-302M	-74M
Cash from Financing	-2.97B	-5.96B	-2.07B	-2.89B	-3.08B
Net Change in Cash	327M	-565M	-1.15B	87M	21M
Supplemental Items
Cash Interest Paid	227M	261M	305M	548M	441M
Cash Income Tax Paid (Refund)	464M	1.55B	749M	398M	649M
Levered Free Cash Flow	3.28B	4.02B	2.49B	3.08B	3.28B
Unlevered Free Cash Flow	3.43B	4.17B	2.72B	3.43B	3.56B
Change In Net Working Capital	-469M	-9M	895M	-108M	-237M
Net Debt Issued / Repaid	1.26B	1.28B	3.08B	-1.46B	167M

Fiscal Period: October	2020	2021	2022	2023	2024
Profitability
Return on Assets	7.27	9.91	8.5	6.99	6.85
Return on Total Capital	54.37	58.94	39.52	27.68	27.26
Return On Equity %	-166.27	-335.38	-140.24	-159.4	-232.02
Return on Common Equity	-166.27	-335.38	-140.24	-159.4	-232.02
Margin Analysis
Gross Profit Margin %	18.43	21.13	19.58	21.42	22.07
SG&A Margin	8.62	8.73	8.36	9.97	10.54
EBITDA Margin %	8.39	10.39	9.57	9.45	9.42
EBITA Margin %	7.2	9.4	8.7	8.51	8.46
EBIT Margin %	7	9.15	8.34	7.86	7.87
Income From Continuing Operations Margin %	5.02	10.24	5.09	6.07	5.18
Net Income Margin %	5.02	10.24	5.09	6.07	5.18
Net Avail. For Common Margin %	5.02	10.24	5.09	6.07	5.18
Normalized Net Income Margin	4.19	5.45	4.98	4.35	4.28
Levered Free Cash Flow Margin	5.8	6.32	3.96	5.74	6.12
Unlevered Free Cash Flow Margin	6.06	6.57	4.32	6.38	6.65
Asset Turnover
Asset Turnover	1.66	1.73	1.63	1.42	1.39
Fixed Assets Turnover	17.35	16.99	16.26	13.39	13.23
Receivables Turnover (Average Receivables)	9.93	11.66	12.53	12.23	11.45
Inventory Turnover (Average Inventory)	7.9	7.21	6.52	5.83	5.73
Short Term Liquidity
Current Ratio	0.79	0.76	0.76	0.73	0.72
Quick Ratio	0.52	0.45	0.38	0.39	0.44
Operating Cash Flow to Current Liabilities	0.16	0.22	0.17	0.15	0.13
Days Sales Outstanding (Average Receivables)	36.87	31.31	29.14	29.84	31.96
Days Outstanding Inventory (Average Inventory)	46.33	50.64	55.94	62.59	63.93
Average Days Payable Outstanding