HP 2011 Annual Report Download - page 44
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ITEM 6. Selected Financial Data.
The information set forth below is not necessarily indicative of results of future operations and
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 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.
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Selected Financial Data
For the fiscal years ended October 31
2011 2010 2009 2008 2007
In millions, except per share amounts
Net revenue .......................... $127,245 $126,033 $114,552 $118,364 $104,286
Earnings from operations(1) ............... $ 9,677 $ 11,479 $ 10,136 $ 10,473 $ 8,719
Net earnings ......................... $ 7,074 $ 8,761 $ 7,660 $ 8,329 $ 7,264
Net earnings per share
Basic ............................. $ 3.38 $ 3.78 $ 3.21 $ 3.35 $ 2.76
Diluted ........................... $ 3.32 $ 3.69 $ 3.14 $ 3.25 $ 2.68
Cash dividends declared per share .......... $ 0.40 $ 0.32 $ 0.32 $ 0.32 $ 0.32
At year-end:
Total assets ......................... $129,517 $124,503 $114,799 $113,331 $ 88,699
Long-term debt ..................... $ 22,551 $ 15,258 $ 13,980 $ 7,676 $ 4,997
(1) Earnings from operations include the following items, which may materially affect the
comparability of the earnings data presented:
2011 2010 2009 2008 2007
In millions
Amortization of purchased intangible assets ........ $1,607 $1,484 $1,578 $1,012 $ 973
Impairment of goodwill and purchased intangible
assets .................................. 885 — — — —
webOS device business wind down ............... 755 — — — —
Restructuring charges ........................ 645 1,144 640 270 387
Pension curtailments and pension settlements, net ....————(517)
Acquisition-related charges .................... 182 293 242 41 —
Total charges before taxes ..................... $4,074 $2,921 $2,460 $1,323 $ 843
Total charges, net of taxes ..................... $3,130 $2,105 $1,733 $ 973 $ 690
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