Name: HP Inc. (NYSE:HPQ) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Assets
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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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HP Inc., consolidated balance sheet: assets (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
Cash and cash equivalents	4,919)	3,556)	3,367)	5,166)	6,195)	4,247)	5,475)	6,997)	6,967)	6,223)	6,331)	6,288)	5,636)	4,636)	3,688)	17,433)	17,171)	14,768)	12,919)	15,133)	14,474)	15,096)	16,165)	12,163)	13,251)	13,240)	12,589)
Accounts receivable, net	5,295)	5,414)	5,113)	5,113)	4,615)	4,605)	4,396)	4,414)	4,233)	3,771)	3,478)	4,114)	4,008)	3,884)	4,114)	13,363)	12,753)	12,320)	12,295)	13,832)	14,198)	14,288)	13,492)	15,876)	14,336)	14,606)	14,236)
Financing receivables	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	2,918)	2,804)	2,842)	2,907)	2,946)	3,130)	3,112)	3,054)	3,144)	3,113)	3,212)	3,316)
Inventory	5,716)	5,394)	5,649)	6,062)	6,091)	5,557)	5,655)	5,786)	5,184)	4,756)	4,555)	4,484)	3,961)	3,547)	4,052)	6,485)	6,700)	6,227)	6,575)	6,415)	6,249)	5,840)	6,004)	6,046)	6,540)	5,999)	6,374)
Other current assets	3,753)	3,921)	4,807)	5,046)	4,875)	5,024)	5,691)	5,121)	5,059)	3,552)	3,411)	3,582)	3,797)	3,318)	3,301)	11,588)	12,570)	12,726)	13,502)	11,819)	11,236)	11,547)	11,969)	13,135)	12,718)	12,514)	13,037)
Current assets	19,683)	18,285)	18,936)	21,387)	21,776)	19,433)	21,217)	22,318)	21,443)	18,302)	17,775)	18,468)	17,402)	15,385)	15,155)	51,787)	51,998)	48,883)	48,198)	50,145)	49,287)	49,883)	50,684)	50,364)	49,958)	49,571)	49,552)
Property, plant and equipment, net	2,462)	2,412)	2,312)	2,198)	2,112)	2,061)	2,026)	1,878)	1,707)	1,661)	1,730)	1,736)	1,607)	1,572)	1,529)	11,090)	11,028)	11,014)	11,030)	11,340)	11,434)	11,350)	11,259)	11,463)	11,328)	11,476)	11,686)
Long-term financing receivables and other assets	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	9,050)	8,733)	8,552)	8,619)	8,454)	8,981)	9,043)	9,131)	9,556)	9,913)	10,205)	10,249)
Goodwill	6,330)	6,349)	6,343)	5,968)	5,930)	5,941)	5,935)	5,622)	5,622)	5,622)	5,622)	5,622)	5,618)	5,672)	5,680)	32,941)	33,025)	31,218)	31,108)	31,139)	31,132)	31,134)	31,131)	31,124)	31,116)	31,133)	31,031)
Other non-current assets	3,930)	4,900)	4,899)	5,069)	4,436)	4,652)	6,067)	3,095)	3,162)	3,101)	3,065)	3,184)	2,597)	2,894)	3,153)	2,014)	2,249)	1,729)	1,906)	2,128)	2,336)	2,562)	2,820)	3,169)	3,485)	3,869)	4,183)
Non-current assets	12,722)	13,661)	13,554)	13,235)	12,478)	12,654)	14,028)	10,595)	10,491)	10,384)	10,417)	10,542)	9,822)	10,138)	10,362)	55,095)	55,035)	52,513)	52,663)	53,061)	53,883)	54,089)	54,341)	55,312)	55,842)	56,683)	57,149)
Total assets	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)

A structural shift in the asset base is evident between October 2015 and January 2016, where total assets decreased from 106,882 million USD to 25,517 million USD. Following this contraction, total assets exhibited moderate volatility, fluctuating between 25,517 million USD and 35,245 million USD through July 2019.

Liquidity and Working Capital Trends: Cash and cash equivalents experienced a significant reduction coinciding with the early 2016 transition, dropping from a peak of 17,433 million USD in October 2015 to 3,688 million USD in January 2016. Post-transition, cash levels remained unstable, reaching a secondary trough of 3,367 million USD in January 2019.; Accounts receivable, net followed a similar trajectory, declining from a range of 12,000 to 15,000 million USD pre-2016 to a lower range of 3,400 to 5,400 million USD in subsequent periods. This indicates a substantial reduction in the volume of credit extended to customers or a restructuring of the receivables portfolio.; Inventory levels demonstrated greater resilience than other current assets. While there was a decrease in early 2016, inventory values recovered from 3,547 million USD in April 2016 to 5,716 million USD by July 2019, suggesting a gradual increase in stock holdings to support operations.
Non-Current Asset Analysis: Goodwill represented a dominant portion of the asset base prior to 2016, remaining stable near 31,000 million USD. After the January 2016 adjustment, goodwill was reduced to approximately 5,600 million USD, though it showed a slight upward trend toward 6,330 million USD by July 2019, indicating minor acquisition activity or adjustments.; Property, plant and equipment, net saw a precipitous decline from approximately 11,000 million USD pre-2016 to approximately 1,500 million USD post-2016. A steady recovery is observed from 2016 through 2019, with the value rising to 2,462 million USD, signaling a period of reinvestment in physical infrastructure.; Other non-current assets showed significant volatility post-2016, peaking at 6,067 million USD in January 2018 before declining to 3,930 million USD by July 2019.
Overall Asset Composition: The composition of the balance sheet shifted from a heavily weighted non-current asset structure pre-2016 to a more balanced distribution between current and non-current assets. Current assets, which previously mirrored non-current assets in scale, became the primary driver of total asset fluctuations in the latter half of the analyzed period.

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HP Inc. (NYSE:HPQ)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data