HP Inc. Reports Fiscal 2020 Full Year and Fourth Quarter Results

(a)      "NM" represents not meaningful.

HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION
(Unaudited)
(In millions)


  Twelve months ended   Change (%)
  October 31, 2020  October 31, 2019  Y/Y
Net revenue:     
Notebooks$25,766  $22,928  12%
Desktops9,806  12,046  (19)%
Workstations1,816  2,389  (24)%
Other1,609  1,331  21%
Personal Systems38,997  38,694  1%
Supplies11,586  12,921  (10)%
Commercial Hardware3,539  4,612  (23)%
Consumer Hardware2,516  2,533  (1)%
Printing17,641  20,066   (12)%
Corporate Investments (a) 2     2     NM
Total segment net revenue 56,640     58,762     (4)%
Other (a) (1 )   (6 )   NM
Total net revenue $ 56,639     $ 58,756     (4)%
           
Earnings before taxes:          
Personal Systems $ 2,312     $ 1,898      
Printing 2,495     3,202      
Corporate Investments (69 )   (96 )    
Total segment earnings from operations 4,738     5,004      
Corporate and unallocated cost and other (407 )   (404 )    
Stock-based compensation expense (278 )   (297 )    
Restructuring and other charges (462 )   (275 )    
Acquisition-related charges (16 )   (35 )    
Amortization of intangible assets (113 )   (116 )    
Interest and other, net (231 )   (1,354 )    
Total earnings before taxes $ 3,231     $ 2,523      

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