Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

HP Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	Jul 31, 2019	Apr 30, 2019	Jan 31, 2019	Oct 31, 2018	Jul 31, 2018	Apr 30, 2018	Jan 31, 2018	Oct 31, 2017	Jul 31, 2017	Apr 30, 2017	Jan 31, 2017	Oct 31, 2016	Jul 31, 2016	Apr 30, 2016	Jan 31, 2016	Oct 31, 2015	Jul 31, 2015	Apr 30, 2015	Jan 31, 2015	Oct 31, 2014	Jul 31, 2014	Apr 30, 2014	Jan 31, 2014	Oct 31, 2013	Jul 31, 2013	Apr 30, 2013	Jan 31, 2013
Notes payable and short-term borrowings	328)	290)	297)	1,463)	2,681)	1,617)	1,529)	1,072)	1,062)	110)	100)	78)	75)	64)	49)	2,885)	11,034)	5,594)	3,509)	3,486)	2,705)	5,396)	6,621)	5,979)	7,624)	6,928)	6,475)
Accounts payable	14,648)	13,839)	14,572)	14,816)	14,245)	13,054)	12,848)	13,279)	12,804)	11,079)	10,951)	11,103)	10,402)	9,099)	9,041)	15,956)	15,549)	14,923)	14,873)	15,903)	15,141)	13,521)	12,640)	14,019)	13,293)	12,313)	11,660)
Employee compensation and benefits	956)	826)	665)	1,136)	1,008)	897)	706)	894)	766)	665)	526)	759)	712)	700)	553)	3,608)	3,348)	3,145)	2,900)	4,209)	4,038)	3,662)	3,171)	4,436)	4,075)	3,836)	3,520)
Taxes on earnings	144)	206)	268)	340)	265)	300)	213)	214)	199)	221)	267)	231)	162)	136)	182)	830)	629)	1,144)	1,565)	1,017)	1,228)	1,263)	1,224)	1,203)	979)	1,015)	851)
Accrued restructuring	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	689)	330)	614)	559)	898)	828)	572)	630)	901)	841)	1,063)	833)
Other accrued liabilities	8,503)	8,042)	8,397)	7,376)	7,307)	7,259)	8,053)	6,953)	7,229)	6,529)	6,743)	6,637)	6,763)	6,863)	6,936)	18,223)	18,143)	17,766)	19,123)	18,222)	18,536)	18,866)	19,325)	18,983)	19,200)	19,503)	21,047)
Current liabilities	24,579)	23,203)	24,199)	25,131)	25,506)	23,127)	23,349)	22,412)	22,060)	18,604)	18,587)	18,808)	18,114)	16,862)	16,761)	42,191)	49,033)	43,186)	42,529)	43,735)	42,476)	43,280)	43,611)	45,521)	46,012)	44,658)	44,386)
Long-term debt, excluding current portion	4,730)	4,749)	4,706)	4,524)	4,503)	4,494)	6,340)	6,747)	6,744)	6,710)	6,688)	6,758)	6,760)	6,708)	6,683)	21,780)	14,468)	15,464)	15,552)	16,039)	17,128)	17,190)	17,971)	16,608)	17,124)	19,863)	21,752)
Other non-current liabilities	4,227)	5,481)	5,422)	5,606)	6,012)	6,329)	8,298)	7,162)	7,469)	7,327)	7,244)	7,333)	6,276)	6,739)	6,982)	14,760)	16,089)	15,577)	15,876)	16,305)	14,664)	14,920)	15,294)	15,891)	17,686)	17,801)	17,273)
Non-current liabilities	8,957)	10,230)	10,128)	10,130)	10,515)	10,823)	14,638)	13,909)	14,213)	14,037)	13,932)	14,091)	13,036)	13,447)	13,665)	36,540)	30,557)	31,041)	31,428)	32,344)	31,792)	32,110)	33,265)	32,499)	34,810)	37,664)	39,025)
Total liabilities	33,536)	33,433)	34,327)	35,261)	36,021)	33,950)	37,987)	36,321)	36,273)	32,641)	32,519)	32,899)	31,150)	30,309)	30,426)	78,731)	79,590)	74,227)	73,957)	76,079)	74,268)	75,390)	76,876)	78,020)	80,822)	82,322)	83,411)
Preferred stock, $0.01 par value; none issued	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock, $0.01 par value	15)	15)	15)	16)	16)	16)	16)	16)	17)	17)	17)	17)	17)	17)	17)	18)	18)	18)	18)	18)	19)	19)	19)	19)	19)	19)	20)
Additional paid-in capital	785)	723)	666)	663)	586)	510)	417)	380)	288)	521)	664)	1,030)	986)	967)	1,222)	1,963)	2,101)	2,187)	2,538)	3,430)	4,116)	4,337)	4,966)	5,465)	5,868)	5,717)	6,308)
Retained earnings (accumulated deficit)	(1,068)	(1,325)	(1,431)	(473)	(1,039)	(1,075)	(1,346)	(2,386)	(2,526)	(2,779)	(3,339)	(3,498)	(3,982)	(1,266)	(5,026)	32,089)	30,764)	30,565)	29,626)	29,164)	27,984)	27,658)	26,436)	25,563)	24,149)	23,319)	22,239)
Accumulated other comprehensive loss	(863)	(900)	(1,087)	(845)	(1,330)	(1,314)	(1,829)	(1,418)	(2,118)	(1,714)	(1,669)	(1,438)	(947)	(4,504)	(1,122)	(6,302)	(5,848)	(6,002)	(5,675)	(5,881)	(3,610)	(3,829)	(3,667)	(3,778)	(5,433)	(5,522)	(5,672)
Total HP stockholders’ equity (deficit)	(1,131)	(1,487)	(1,837)	(639)	(1,767)	(1,863)	(2,742)	(3,408)	(4,339)	(3,955)	(4,327)	(3,889)	(3,926)	(4,786)	(4,909)	27,768)	27,035)	26,768)	26,507)	26,731)	28,509)	28,185)	27,754)	27,269)	24,603)	23,533)	22,895)
Non-controlling interests	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	383)	408)	401)	397)	396)	393)	397)	395)	387)	375)	399)	395)
Total stockholders’ equity (deficit)	(1,131)	(1,487)	(1,837)	(639)	(1,767)	(1,863)	(2,742)	(3,408)	(4,339)	(3,955)	(4,327)	(3,889)	(3,926)	(4,786)	(4,909)	28,151)	27,443)	27,169)	26,904)	27,127)	28,902)	28,582)	28,149)	27,656)	24,978)	23,932)	23,290)
Total liabilities and stockholders’ equity (deficit)	32,405)	31,946)	32,490)	34,622)	34,254)	32,087)	35,245)	32,913)	31,934)	28,686)	28,192)	29,010)	27,224)	25,523)	25,517)	106,882)	107,033)	101,396)	100,861)	103,206)	103,170)	103,972)	105,025)	105,676)	105,800)	106,254)	106,701)

Notes Payable and Short-Term Borrowings: The balance exhibited fluctuations over the periods, initially rising from 6,475 million USD in Jan 2013 to a peak of 11,034 million USD in Jul 2015, before markedly declining to single-digit millions in early 2016. A gradual increase is observed again towards Jul 2017 and early 2018, with subsequent moderate volatility, indicating fluctuating short-term financing needs.
Accounts Payable: Accounts payable generally trended upward from 11,660 million USD in Jan 2013 to a peak near 15,956 million USD in Oct 2015, before dropping significantly to 9,041 million USD in Jan 2016. Post this decline, a steady recovery and growth took place, reaching approximately 14,648 million USD in Jul 2019, suggesting varying supplier obligations aligned with operating activities.
Employee Compensation and Benefits: This expense showed a clear decreasing trend from over 4,400 million USD in late 2013 to under 3,000 million USD in early 2015, followed by a sharp decrease to several hundred million from 2016 onwards before a modest recovery to just under 1,000 million USD by mid-2019. The abrupt decline and subsequent recovery imply possible changes in accounting treatment or restructuring impacting reported figures.
Taxes on Earnings: Taxes displayed volatility, with high amounts around 1,200-1,500 million USD prior to 2015, a significant fall thereafter notably in 2016, and fluctuating levels between 140 to 340 million USD in the later periods. The pattern may reflect varied profitability and tax strategies over time.
Accrued Restructuring: Data on accrued restructuring is sparse but reveals a declining trend from 833 million USD in early 2013 to virtually zero by late 2015, indicating the conclusion of restructuring activities within this timeframe.
Other Accrued Liabilities: A downward trend is apparent from over 21,000 million USD in early 2013 to approximately 16,900 million USD by 2016, followed by a fluctuating but mostly stable period around 7,000 to 8,500 million USD, suggesting changes in operational liabilities or accounting adjustments.
Current Liabilities: Current liabilities remained relatively stable in the 40,000 to 49,000 million USD range from 2013 to 2015, sharply dropping to around 16,700 million USD in early 2016, then gradually increasing again to about 24,500 million USD by mid-2019. This marked decline and recovery period may point to reclassification of liabilities or balance sheet restructuring.
Long-Term Debt, Excluding Current Portion: Long-term debt decreased steadily from around 21,700 million USD in early 2013 to approximately 14,500 million USD in mid-2015, followed by a steep drop to roughly 6,600 million USD in early 2016, and thereafter remained stable between 4,500 and 6,700 million USD through mid-2019, indicating debt reduction or refinancing activities.
Other Non-Current Liabilities: These liabilities declined from about 17,200 million USD in early 2013 to roughly 14,700 million USD by late 2015, followed by a steep drop to around 6,700 million USD by early 2016, then continued a gradual decline to approximately 4,200 million USD by mid-2019, suggesting ongoing liability management or reclassification effects.
Non-Current Liabilities: Non-current liabilities decreased from near 39,000 million USD in early 2013 to 30,557 million USD in late 2015, then showed a sharp contraction to around 13,000 to 14,000 million USD in early 2016, with a further gradual decrease to below 9,000 million USD by mid-2019, consistent with the trend observed in other long-term obligations.
Total Liabilities: Total liabilities modestly declined from approximately 83,400 million USD in early 2013 to nearly 74,000 million USD in early 2015, followed by a dramatic fall to about 30,400 million USD in early 2016, and a slow increase thereafter, stabilizing around 33,500 million USD by mid-2019. This likely indicates significant liability restructuring or debt reclassification implemented between 2015 and 2016.
Common Stock and Additional Paid-In Capital: Common stock par value remained fairly constant with a slight decrease from 20 to 15 million USD over the years, while additional paid-in capital steadily declined from over 6,300 million USD in early 2013 to about 785 million USD by mid-2019, suggesting capital distributions, buybacks, or other equity adjustments over the period.
Retained Earnings (Accumulated Deficit): Retained earnings displayed consistent growth from 22,239 million USD in early 2013 to over 32,000 million USD in late 2015. However, there was a sudden shift to a significant deficit position starting 2016, ranging from negative 5,000 to negative 1,000 million USD through 2019, indicating substantial losses, restatements, or large dividend distributions affecting accumulated earnings.
Accumulated Other Comprehensive Loss: This item showed persistent losses with amounts fluctuating between negative 5,600 and negative 3,600 million USD until late 2015, followed by a sharp reduction in magnitude (to about negative 1,000 million USD), and variable values in subsequent years. This suggests changes in other comprehensive income elements, possibly due to currency translation adjustments or pension liabilities.
Total Stockholders’ Equity (Deficit): Equity increased from approximately 23,000 million USD in early 2013 to 28,000 million USD by late 2015, then swung to a negative equity position of nearly negative 5,000 million USD in early 2016. A gradual improvement ensued, reaching around negative 1,100 million USD by mid-2019, reflecting significant equity erosion likely tied to net losses or accounting adjustments around 2016.
Total Liabilities and Stockholders’ Equity (Deficit): The total balance remained relatively stable around 105,000 to 107,000 million USD from 2013 to late 2015, followed by a marked drop to roughly 25,500 million USD in early 2016, and a moderate rise to about 32,400 million USD by mid-2019. This volatility corresponds with the significant reclassification or restatement effects evident in both liabilities and equity components during this period.

Download chart

HP Inc. (NYSE:HPQ)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data