HP Inc. Reports Fiscal 2023 Second Quarter Results

(a)Includes tax impact on non-GAAP adjustments.


HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS
(Unaudited)
(In millions)
 
  As of
  April 30, 2023  October 31, 2022
ASSETS   
Current assets:   
Cash, cash equivalents and restricted cash$1,940  $3,145 
Accounts receivable, net 4,137   4,546 
Inventory 7,221   7,595 
Other current assets 3,725   4,515 
Total current assets 17,023   19,801 
Property, plant and equipment, net 2,771   2,774 
Goodwill 8,618   8,541 
Other non-current assets 7,954   7,471 
Total assets $ 36,366     $ 38,587  
       
LIABILITIES AND STOCKHOLDERS' DEFICIT      
Current liabilities:      
Notes payable and short-term borrowings $ 240     $ 218  
Accounts payable   13,317       15,284  
Other current liabilities   10,477       10,651  
Total current liabilities   24,034       26,153  
Long-term debt   10,360       10,796  
Other non-current liabilities   4,456       4,556  
Stockholders' deficit   (2,484 )     (2,918 )
Total liabilities and stockholders' deficit $ 36,366     $ 38,587  

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