HP Inc. Reports Fiscal 2023 Third Quarter Results


 
HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS
(Unaudited)
(In millions)
 
  As of
  July 31, 2023  October 31, 2022
ASSETS   
Current assets:   
Cash, cash equivalents and restricted cash$1,718  $3,145 
Accounts receivable, net 4,367   4,546 
Inventory 7,197   7,615 
Other current assets 4,181   4,431 
Total current assets 17,463   19,737 
Property, plant and equipment, net 2,783   2,774 
Goodwill 8,614   8,541 
Other non-current assets   7,772       7,443  
Total assets $ 36,632     $ 38,495  
       
LIABILITIES AND STOCKHOLDERS' DEFICIT      
Current liabilities:      
Notes payable and short-term borrowings $ 443     $ 218  
Accounts payable   14,123       15,303  
Other current liabilities   10,624       10,668  
Total current liabilities   25,190       26,189  
Long-term debt   9,236       10,796  
Other non-current liabilities   4,451       4,535  
Stockholders' deficit   (2,245 )     (3,025 )
Total liabilities and stockholders' deficit $ 36,632     $ 38,495  

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