| HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (In millions) |
| Three months ended | ||||||||||
| October 31, 2021 | October 31, 2020 | |||||||||
| Cash flows from operating activities: | ||||||||||
| Net earnings | $ | 3,099 | $ | 668 | ||||||
| Adjustments to reconcile net earnings to net cash provided by operating activities: | ||||||||||
| Depreciation and amortization | 200 | 196 | ||||||||
| Stock-based compensation expense | 70 | 57 | ||||||||
| Restructuring and other charges | 29 | 31 | ||||||||
| Deferred taxes on earnings | (512) | (76) | ||||||||
| Defined benefit plan settlement (gains) charges | (37) | 214 | ||||||||
| Other, net | 186 | 44 | ||||||||
| Changes in operating assets and liabilities, net of acquisitions: | ||||||||||
| Accounts receivable | (583) | (124) | ||||||||
| Inventory | 61 | (139) | ||||||||
| Accounts payable | 117 | 398 | ||||||||
| Net investment in leases | (33) | (40) | ||||||||
| Taxes on earnings | 45 | 91 | ||||||||
| Restructuring and other | (39) | (77) | ||||||||
| Other assets and liabilities | 245 | 631 | ||||||||
| Net cash provided by operating activities | 2,848 | 1,874 | ||||||||
| Cash flows from investing activities: | ||||||||||
| Investment in property, plant and equipment | (172) | (116) | ||||||||
| Purchases of available-for-sale securities and other investments | (4) | (160) | ||||||||
| Maturities and sales of available-for-sale securities and other investments | 21 | 114 | ||||||||
| Collateral posted for derivative instruments | 27 | 77 | ||||||||
| Payment made in connection with business acquisition, net of cash acquired | (272) | — | ||||||||
| Net cash used in investing activities | (400) | (85) | ||||||||
| Cash flows from financing activities: | ||||||||||
| Proceeds from short-term borrowings with original maturities less than 90 days, net | 400 | — | ||||||||
| Proceed from short-term borrowings with original maturities greater than 90 days | — | 8 | ||||||||
| Proceeds from debt, net of issuance costs | 47 | 30 | ||||||||
| Payment of debt | (53) | (61) | ||||||||
| Stock-based award activities and others | (9) | (3) | ||||||||
| Repurchase of common stock | (1,754) | (1,340) | ||||||||
| Cash dividends paid | (219) | (238) | ||||||||
| Net cash used in financing activities | (1,588) | (1,604) | ||||||||
| Increase in cash and cash equivalent | 860 | 185 | ||||||||
| Cash and cash equivalents at beginning of period | 3,439 | 4,679 | ||||||||
| Cash and cash equivalents at end of period | $ | 4,299 | $ | 4,864 | ||||||
|
HP INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (In millions) | ||||||||||
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