Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

HP Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Oct 31, 2018	Oct 31, 2017	Oct 31, 2016	Oct 31, 2015	Oct 31, 2014	Oct 31, 2013
Net earnings	5,327)	2,526)	2,496)	4,554)	5,013)	5,113)
Depreciation and amortization	528)	354)	332)	4,061)	4,334)	4,611)
Stock-based compensation expense	268)	224)	182)	709)	560)	500)
Provision for doubtful accounts	—)	—)	65)	71)	55)	61)
Provision for inventory	—)	—)	95)	305)	211)	275)
Restructuring and other charges	132)	362)	200)	1,017)	1,619)	990)
Deferred taxes on earnings	(3,653)	238)	401)	(700)	(34)	(410)
Excess tax benefit from stock-based compensation	—)	—)	(6)	(145)	(58)	(2)
Other, net	319)	134)	(198)	1,031)	81)	443)
Accounts receivable	(491)	(453)	565)	572)	2,017)	530)
Financing receivables	—)	—)	—)	(65)	420)	484)
Inventory	(136)	(1,346)	(291)	(330)	(580)	(4)
Accounts payable	1,429)	2,161)	928)	31)	1,912)	541)
Taxes on earnings	389)	73)	106)	(137)	310)	417)
Restructuring and other	(237)	(233)	(157)	(1,243)	(1,506)	(904)
Other assets and liabilities	653)	(363)	(1,488)	(3,241)	(2,021)	(1,037)
Changes in operating assets and liabilities, net of acquisitions	1,607)	(161)	(337)	(4,413)	552)	27)
Adjustments to reconcile net earnings to net cash provided by operating activities	(799)	1,151)	734)	1,936)	7,320)	6,495)
Net cash provided by operating activities	4,528)	3,677)	3,230)	6,490)	12,333)	11,608)
Investment in property, plant and equipment	(546)	(402)	(433)	(3,603)	(3,853)	(3,199)
Proceeds from sale of property, plant and equipment	172)	69)	6)	424)	843)	653)
Purchases of available-for-sale securities and other investments	(367)	(1,400)	(126)	(259)	(1,086)	(1,243)
Maturities and sales of available-for-sale securities and other investments	847)	231)	133)	302)	1,347)	1,153)
Collateral posted for derivative instruments	(1,165)	(1,170)	—)	—)	—)	—)
Collateral returned for derivative instruments	1,379)	955)	—)	—)	—)	—)
Payments made in connection with business acquisitions, net of cash acquired	(1,036)	—)	(7)	(2,644)	(49)	(167)
Proceeds from business divestitures, net	—)	—)	475)	246)	6)	—)
Net cash (used in) provided by investing activities	(716)	(1,717)	48)	(5,534)	(2,792)	(2,803)
Proceeds from (payment of) short-term borrowings with original maturities less than 90 days, net	743)	202)	97)	74)	148)	(154)
Proceeds from short-term borrowings with original maturities greater than 90 days	712)	887)	—)	6,023)	—)	—)
Proceeds from debt, net of issuance costs	—)	5)	4)	14,735)	2,875)	279)
Payment of short term borrowings with original maturities greater than 90 days	(1,596)	(3)	—)	(6,296)	—)	—)
Payment of debt	(2,098)	(84)	(2,188)	(9,571)	(6,037)	(5,721)
Settlement of cash flow hedges	—)	(9)	4)	(4)	—)	—)
Net transfer of cash and cash equivalents to Hewlett Packard Enterprise Company	—)	—)	(10,375)	—)	—)	—)
Net proceeds related to stock-based award activities	52)	57)	—)	—)	—)	—)
Issuance of common stock under employee stock plans	—)	—)	48)	371)	297)	288)
Repurchase of common stock	(2,557)	(1,412)	(1,161)	(2,883)	(2,728)	(1,532)
Excess tax benefit from stock-based compensation	—)	—)	6)	145)	58)	2)
Cash dividends paid	(899)	(894)	(858)	(1,250)	(1,184)	(1,105)
Net cash provided by (used in) financing activities	(5,643)	(1,251)	(14,423)	1,344)	(6,571)	(7,943)
Increase (decrease) in cash and cash equivalents	(1,831)	709)	(11,145)	2,300)	2,970)	862)
Cash and cash equivalents at beginning of period	6,997)	6,288)	17,433)	15,133)	12,163)	11,301)
Cash and cash equivalents at end of period	5,166)	6,997)	6,288)	17,433)	15,133)	12,163)

Based on: 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	HP Inc. net cash provided by operating activities increased from 2016 to 2017 and from 2017 to 2018.
Net cash (used in) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	HP Inc. net cash (used in) provided by investing activities decreased from 2016 to 2017 but then increased from 2017 to 2018 not reaching 2016 level.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	HP Inc. net cash provided by (used in) financing activities increased from 2016 to 2017 but then slightly decreased from 2017 to 2018.

HP Inc. (NYSE:HPQ)

Cash Flow Statement