Income Statement

The income statement presents information on the financial results of a company 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.

HP Inc., consolidated income 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 revenue	58,472)	52,056)	48,238)	103,355)	111,454)	112,298)
Cost of revenue	(47,803)	(42,478)	(39,240)	(78,596)	(84,839)	(86,380)
Gross profit	10,669)	9,578)	8,998)	24,759)	26,615)	25,918)
Research and development	(1,404)	(1,190)	(1,209)	(3,502)	(3,447)	(3,135)
Selling, general and administrative	(4,859)	(4,376)	(3,833)	(12,185)	(13,353)	(13,267)
Restructuring and other charges	(132)	(362)	(205)	(1,017)	(1,619)	(990)
Acquisition-related charges	(123)	(125)	(7)	(90)	(11)	(22)
Amortization of intangible assets	(80)	(1)	(16)	(931)	(1,000)	(1,373)
Separation costs	—)	—)	—)	(1,259)	—)	—)
Defined benefit plan settlement charges	(7)	(5)	(179)	(168)	—)	—)
Impairment of data center assets	—)	—)	—)	(136)	—)	—)
Earnings from operations	4,064)	3,519)	3,549)	5,471)	7,185)	7,131)
Interest expense on borrowings	(312)	(309)	(273)	(327)	(344)	(426)
Loss on extinguishment of debt	(126)	—)	—)	—)	—)	—)
Tax indemnifications	(662)	47)	472)	—)	—)	—)
Other, net	49)	19)	13)	(412)	(284)	(195)
Interest and other, net	(1,051)	(243)	212)	(739)	(628)	(621)
Earnings from continuing operations before taxes	3,013)	3,276)	3,761)	4,732)	6,557)	6,510)
(Provision for) benefit from taxes	2,314)	(750)	(1,095)	(178)	(1,544)	(1,397)
Net earnings from continuing operations	5,327)	2,526)	2,666)	4,554)	5,013)	5,113)
Net loss from discontinued operations	—)	—)	(170)	—)	—)	—)
Net earnings	5,327)	2,526)	2,496)	4,554)	5,013)	5,113)

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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Income statement item	Description	The company
Net revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	HP Inc. net revenue increased from 2016 to 2017 and from 2017 to 2018.
Earnings from operations	The net result for the period of deducting operating expenses from operating revenues.	HP Inc. earnings from operations decreased from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
Earnings from continuing operations before taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	HP Inc. earnings from continuing operations before taxes decreased from 2016 to 2017 and from 2017 to 2018.
Net earnings	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	HP Inc. net earnings increased from 2016 to 2017 and from 2017 to 2018.

HP Inc. (NYSE:HPQ)

Income Statement