(a) Includes contra revenue primarily associated with sales incentive
programs to wind down the webOS device business, net of webOS device
revenue.
(b) Includes impairment charges to goodwill and purchased intangible assets
associated with the acquisition of Palm Inc. on July 1, 2010 recorded
as a result of the decision announced on August 18, 2011 to wind down
the webOS device business.
(c) Includes primarily expenses for supplier-related obligations and contra
revenue associated with sales incentive programs related to winding
down the webOS device business.
(d) Includes primarily the cost of the British pound options bought to
limit foreign exchange rate risk in connection with the Autonomy
acquisition.
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS
(In millions)
January 31, October 31,
2012 2011
-------------- --------------
(unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 8,113 $ 8,043
Accounts receivable 15,892 18,224
Financing receivables 3,123 3,162
Inventory 7,271 7,490
Other current assets 14,350 14,102
-------------- --------------
Total current assets 48,749 51,021
-------------- --------------
Property, plant and equipment 12,122 12,292
Long-term financing receivables and other
assets 11,057 10,755
Goodwill and purchased intangible assets 54,668 55,449
-------------- --------------
Total assets $ 126,596 $ 129,517
============== ==============
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Notes payable and short-term borrowings $ 5,438 $ 8,083
Accounts payable 12,375 14,750
Employee compensation and benefits 3,136 3,999
Taxes on earnings 929 1,048
Deferred revenue 7,530 7,449
Other accrued liabilities 14,885 15,113
-------------- --------------
Total current liabilities 44,293 50,442
-------------- --------------
Long-term debt 25,462 22,551
Other liabilities 17,269 17,520
Stockholders' equity:
HP stockholders' equity 39,162 38,625
Non-controlling interests 410 379
-------------- --------------
Total stockholders' equity 39,572 39,004
-------------- --------------
Total liabilities and stockholders' equity $ 126,596 $ 129,517
============== ==============
