| HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (In millions) | |||||||
| Twelve months ended | |||||||
| October 31, 2019 | October 31, 2018 | ||||||
| Cash flows from operating activities: | |||||||
| Net earnings | $ | 3,152 | $ | 5,327 | |||
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||||||
| Depreciation and amortization | 744 | 528 | |||||
| Stock-based compensation expense | 297 | 268 | |||||
| Restructuring and other charges | 275 | 132 | |||||
| Deferred taxes on earnings | 133 | (3,653 | ) | ||||
| Other, net | 254 | 319 | |||||
| Changes in operating assets and liabilities, net of acquisitions: | |||||||
| Accounts receivable | (761 | ) | (491 | ) | |||
| Inventory | (68 | ) | (136 | ) | |||
| Accounts payable | (53 | ) | 1,429 | ||||
| Taxes on earnings | (851 | ) | 389 | ||||
| Restructuring and other | (154 | ) | (237 | ) | |||
| Other assets and liabilities | 1,686 | 653 | |||||
| Net cash provided by operating activities | 4,654 | 4,528 | |||||
| Cash flows from investing activities: | |||||||
| Investment in property, plant and equipment | (671 | ) | (546 | ) | |||
| Proceeds from sale of property, plant and equipment | — | 172 | |||||
| Purchases of available-for-sale securities and other investments | (80 | ) | (367 | ) | |||
| Maturities and sales of available-for-sale securities and other investments | 771 | 847 | |||||
| Collateral posted for derivative instruments | (32 | ) | (1,165 | ) | |||
| Collateral returned for derivative instruments | 32 | 1,379 | |||||
| Payments made in connection with business acquisitions, net of cash acquired | (458 | ) | (1,036 | ) | |||
| Net cash used in investing activities | (438 | ) | (716 | ) | |||
| Cash flows from financing activities: | |||||||
| (Payment of) Proceeds from short-term borrowings with original maturities less than 90 days, net | (856 | ) | 743 | ||||
| Proceeds from short-term borrowings with original maturities greater than 90 days | — | 712 | |||||
| Proceeds from debt, net of issuance cost | 127 | — | |||||
| Payment of short-term borrowings with original maturities greater than 90 days | — | (1,596 | ) | ||||
| Payment of debt | (680 | ) | (2,098 | ) | |||
| Stock-based award activities | (61 | ) | 52 | ||||
| Repurchase of common stock | (2,405 | ) | (2,557 | ) | |||
| Cash dividends paid | (970 | ) | (899 | ) | |||
| Net cash used in financing activities | (4,845 | ) | (5,643 | ) | |||
| Decrease in cash and cash equivalents | (629 | ) | (1,831 | ) | |||
| Cash and cash equivalents at beginning of period | 5,166 | 6,997 | |||||
| Cash and cash equivalents at end of period | $ | 4,537 | $ | 5,166 | |||
|
HP Inc. Reports Fiscal 2019 Full Year and Fourth Quarter Results
|
|
||||||
|
|
|||||||
|
|||||||
