Question
Manufacturing company: Hewlett Packard; NYSE: HPQ 2. Analyze the trends in sales, cost of goods sold, gross profit, and operating income for your manufacturing company.
Manufacturing company:
Hewlett Packard; NYSE: HPQ
2. Analyze the trends in sales, cost of goods sold, gross profit, and operating income for your manufacturing company. Prepare a trend analysis for percentage changes from a base year for these key indicators of performance. Comment on cost management issues based on your analysis of these trends?
3. Report on segments, divisions, or any other reporting entities and on any diversity in products. (NOTE: Take care with the concept of $ dollars. Many financial statements are expressed in millions of $. You would report $895 million for the value $895,000,000.)
Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
Oct. 31, 2018 | Oct. 31, 2017 | Oct. 31, 2016 | |
Net revenue | |||
Net revenue | $ 58,472 | $ 52,056 | $ 48,238 |
Costs and expenses: | |||
Cost of revenue | 47,803 | 42,478 | 39,240 |
Research and development | 1,404 | 1,190 | 1,209 |
Selling, general and administrative | 4,859 | 4,376 | 3,833 |
Restructuring and other charges | 132 | 362 | 205 |
Acquisition-related charges | 123 | 125 | 7 |
Amortization of intangible assets | 80 | 1 | 16 |
Defined benefit plan settlement charges | 7 | 5 | 179 |
Total costs and expenses | 54,408 | 48,537 | 44,689 |
Earnings from continuing operations | 4,064 | 3,519 | 3,549 |
Interest and other, net | (1,051) | (243) | 212 |
Earnings from continuing operations before taxes | 3,013 | 3,276 | 3,761 |
Benefit from (provision for) taxes | 2,314 | (750) | (1,095) |
Net earnings from continuing operations | 5,327 | 2,526 | 2,666 |
Net loss from discontinued operations | 0 | 0 | (170) |
Net earnings | $ 5,327 | $ 2,526 | $ 2,496 |
Basic | |||
Continuing operations (in dollars per share) | $ 3.30 | $ 1.50 | $ 1.54 |
Discontinued operations (in dollars per share) | 0 | 0 | (0.10) |
Total basic net earnings per share (in dollars per share) | 3.30 | 1.50 | 1.44 |
Diluted | |||
Continuing operations (in dollars per share) | 3.26 | 1.48 | 1.53 |
Discontinued operations (in dollars per share) | 0 | 0 | (0.10) |
Total diluted net earnings per share (in dollars per share) | $ 3.26 | $ 1.48 | $ 1.43 |
Weighted-average shares used to compute net earnings per share: | |||
Basic (in shares) | 1,615 | 1,688 | 1,730 |
Diluted (in shares) | 1,634 | 1,702 | 1,743 |
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