HP 2015 Annual Report Download - page 91

Table of Contents
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The accompanying notes are an integral part of these Consolidated Financial Statements.
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     
   
Net revenue:
Products $ 69,032 $ 73,726 $ 72,398
Services 33,962 37,327 39,453
Financing income 361 401 447
Total net revenue 103,355 111,454 112,298
Costs and expenses:
Cost of products 53,081 56,469 55,632
Cost of services 25,275 28,093 30,436
Financing interest 240 277 312
Research and development 3,502 3,447 3,135
Selling, general and administrative 12,185 13,353 13,267
Amortization of intangible assets 931 1,000 1,373
Restructuring charges 1,017 1,619 990
Acquisition and other related charges 90 11 22
Separation costs 1,259 — —
Defined benefit plan settlement charges 168 — —
Impairment of data center assets 136 — —
Total operating expenses 97,884 104,269 105,167
Earnings from operations 5,471 7,185 7,131
Interest and other, net (739) (628) (621)
Earnings before taxes 4,732 6,557 6,510
Provision for taxes (178) (1,544) (1,397)
Net earnings $ 4,554 $ 5,013 $ 5,113
Net earnings per share:
Basic $ 2.51 $ 2.66 $ 2.64
Diluted $ 2.48 $ 2.62 $ 2.62
Weighted average shares used to compute net earnings per share:
Basic 1,814 1,882 1,934
Diluted 1,836 1,912 1,950
Source: HP INC, 10-K, December 16, 2015 Powered by Morningstar® Document Research℠
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