HP INC. HP Inc. Reports FY21 Fourth Quarter Results
Highlights
Net revenue
GAAP diluted net EPS | Non-GAAP(1) diluted net EPS |
Cash provided by operations
7% CC (3) | ||
$15.3 | $16.7 | |
9% | ||
Q4 FY20 | Q4 FY21 | |
$16.7 |
$2.71(2)
$0.49 | 453% |
Q4 FY20 | Q4 FY21 |
$2.71 |
$0.94 | |
$0.62 52% | |
Q4 FY20 | Q4 FY21 |
$0.94 |
$2.8(2) | |
$1.9 | 52% |
Q4 FY20 | Q4 FY21 |
$2.8 |
Geography
Americas | EMEA | Asia Pacific | ||||||||||||||||
40% of net revenue | 36% of net revenue | 24% of net revenue | ||||||||||||||||
| 4% y/y | | 19% y/y | | 23% y/y | |||||||||||||
| 4% CC (3) | | 15% CC (3) | | 18%CC (3) | |||||||||||||
Non-US net revenue was | ||||||||||||||||||
67% of total net revenue | ||||||||||||||||||
Personal | Systems | Printing | ||||||||||||||
$ | Net revenue | Total | 9% y/y | $ Net revenue | ||||||||||||
$11.8 billion | Units | $4.9 billion | Supplies | 2% y/y | ||||||||||||
13% y/y | Notebooks | | 13% y/y | 1% y/y | net revenue | CC(3) 3% y/y | ||||||||||
10% CC (3) | ||||||||||||||||
net revenue | Units | 12% y/y | flat CC (3) | Total hardware | 26% y/y | |||||||||||
| ||||||||||||||||
Operating | Desktops | 11% y/y | Operating | units | ||||||||||||
net revenue | Units | 2% y/y | Commercial net | | 19% y/y | |||||||||||
profit | Commercial | 25%y/y | profit | revenue (4) | ||||||||||||
$764 million | net revenue | $830 million | Consumer net | | 6% y/y | |||||||||||
Consumer | revenue (4) | |||||||||||||||
6.5% of net revenue | 3% y/y | 17.0% of net revenue | ||||||||||||||
net revenue | ||||||||||||||||
- All non-GAAP numbers have been adjusted to exclude certain items. A reconciliation of specific adjustments to GAAP results for the current and prior periods is included as a part of a Q4 FY21 Results Presentation available at investor.hp.com.
- GAAP diluted net earnings per share and cash provided by operations includes a net impact of $1,771 million for one-time Oracle Corporation ("Oracle") litigation proceeds. This has resulted in an impact of $1.55 on the GAAP diluted net earnings per share for the three months ended October 31, 2021
- CC = constant currency; Adjusted to exclude the effects of foreign currency fluctuations calculated by translating current period revenues using monthly exchange rates from the comparative period and excluding any hedging impact recognized in the current period
- Commercial includes Office Printing Solutions including commercial products and OEM hardware, Graphics Solutions and 3D Printing and digital manufacturing, excluding supplies. Consumer includes Home Printing Solutions, excluding supplies.
NOTE: Arrows represent the mathematical direction of the amount the arrow is associated with.
NM - Not Meaningful
HP Inc. Reports FY21 Fourth Quarter Results
Capital Allocation
Dividend Payment | Stock repurchase | Net debt (1) |
$219million | $1.8 billion | ($3.3)billion |
$0.1938 per share | approximately 61 million shares | $0.5 billion q/q |
Asset Management
Cash conversion cycle | = | Days Receivables | - | Days Payable | + | Days inventory |
(25) days | 30days | 108days | 53days | |||
4 days q/q | 1 day q/q | 12 days q/q | 9 days q/q |
1. Net cash (debt) is defined as gross cash less gross debt after adjusting the effect of unamortized premium/discount on debt issuance, debt issuance costs and gains/losses on interest rate swaps.
NOTE: Arrows represent the mathematical direction of the amount the arrow is associated with.
© Copyright 2019 HP Development Company, L.P. The information contained herein is subject to change without notice.
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HP Inc. published this content on 23 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2021 21:29:09 UTC.
