Hewlett-Packard Co. (HPQ) | Income Statement
The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
Hewlett-Packard Co., Consolidated Income Statement
USD $ in millions
| 12 months ended | Oct 31, 2012 | Oct 31, 2011 | Oct 31, 2010 | Oct 31, 2009 | Oct 31, 2008 | Oct 31, 2007 | |
|---|---|---|---|---|---|---|---|
| Products | 77,887 | 84,757 | 84,799 | 74,051 | 91,697 | 84,229 | |
| Services | 42,008 | 42,039 | 40,816 | 40,124 | 26,297 | 19,699 | |
| Financing income | 462 | 449 | 418 | 377 | 370 | 358 | |
| Net revenue | 120,357 | 127,245 | 126,033 | 114,552 | 118,364 | 104,286 | |
| Cost of products | (59,468) | (65,167) | (65,064) | (56,503) | (69,342) | (63,435) | |
| Cost of services | (32,600) | (32,056) | (30,723) | (30,695) | (20,250) | (15,163) | |
| Financing interest | (317) | (306) | (302) | (326) | (329) | (289) | |
| Gross profit | 27,972 | 29,716 | 29,944 | 27,028 | 28,443 | 25,399 | |
| Research and development | (3,399) | (3,254) | (2,959) | (2,819) | (3,543) | (3,611) | |
| Selling, general and administrative | (13,500) | (13,466) | (12,585) | (11,613) | (13,104) | (12,226) | |
| Amortization of purchased intangible assets | (1,784) | (1,607) | (1,484) | (1,578) | (1,012) | (973) | |
| Impairment of goodwill and purchased intangible assets | (18,035) | (885) | – | – | – | – | |
| Restructuring charges | (2,266) | (645) | (1,144) | (640) | (270) | (387) | |
| Acquisition-related charges | (45) | (182) | (293) | (242) | (41) | – | |
| Pension curtailments and pension settlements, net | – | – | – | – | – | 517 | |
| Earnings (loss) from operations | (11,057) | 9,677 | 11,479 | 10,136 | 10,473 | 8,719 | |
| Interest expense | (865) | (551) | (417) | (597) | (467) | (531) | |
| Other income (expense), net | (11) | (144) | (88) | (124) | 467 | 989 | |
| Interest and other, net | (876) | (695) | (505) | (721) | – | 458 | |
| Earnings (loss) before taxes | (11,933) | 8,982 | 10,974 | 9,415 | 10,473 | 9,177 | |
| Provision for taxes | (717) | (1,908) | (2,213) | (1,755) | (2,144) | (1,913) | |
| Net earnings (loss) | (12,650) | 7,074 | 8,761 | 7,660 | 8,329 | 7,264 |
| Item | Description | The company |
|---|---|---|
| Net revenue | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | Hewlett-Packard Co.'s net revenue increased from 2010 to 2011 but then declined significantly from 2011 to 2012. |
| Earnings (loss) from operations | The net result for the period of deducting operating expenses from operating revenues. | Hewlett-Packard Co.'s earnings (loss) from operations declined from 2010 to 2011 and from 2011 to 2012. |
| Earnings (loss) before taxes | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Hewlett-Packard Co.'s earnings (loss) before taxes declined from 2010 to 2011 and from 2011 to 2012. |
| Net earnings (loss) | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | Hewlett-Packard Co.'s net earnings (loss) declined from 2010 to 2011 and from 2011 to 2012. |
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