Question
Prepare a report on disclosure issues related to the segment and noncontrolling interest information for HP. I am not allowed to attach a website per
Prepare a report on disclosure issues related to the segment and noncontrolling interest information for HP. I am not allowed to attach a website per this website my last post was flagged but any website containg this infomration is fine!! I am just having an issue talking about and understand their non controlling interests.
I'm not really sutre what infomrtaion is needed
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES Consolidated Balance Sheets
October 31 | |||||||||
---|---|---|---|---|---|---|---|---|---|
2011 | 2010 | ||||||||
In millions, except par value | |||||||||
ASSETS | |||||||||
Current assets: | |||||||||
Cash and cash equivalents | $ | 8,043 | $ | 10,929 | |||||
Accounts receivable | 18,224 | 18,481 | |||||||
Financing receivables | 3,162 | 2,986 | |||||||
Inventory | 7,490 | 6,466 | |||||||
Other current assets | 14,102 | 15,322 | |||||||
Total current assets | 51,021 | 54,184 | |||||||
Property, plant and equipment | 12,292 | 11,763 | |||||||
Long-term financing receivables and other assets | 10,755 | 12,225 | |||||||
Goodwill | 44,551 | 38,483 | |||||||
Purchased intangible assets | 10,898 | 7,848 | |||||||
Total assets | $ | 129,517 | $ | 124,503 | |||||
LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||||
Current liabilities: | |||||||||
Notes payable and short-term borrowings | $ | 8,083 | $ | 7,046 | |||||
Accounts payable | 14,750 | 14,365 | |||||||
Employee compensation and benefits | 3,999 | 4,256 | |||||||
Taxes on earnings | 1,048 | 802 | |||||||
Deferred revenue | 7,449 | 6,727 | |||||||
Accrued restructuring | 654 | 911 | |||||||
Other accrued liabilities | 14,459 | 15,296 | |||||||
Total current liabilities | 50,442 | 49,403 | |||||||
Long-term debt | 22,551 | 15,258 | |||||||
Other liabilities | 17,520 | 19,061 | |||||||
Commitments and contingencies | |||||||||
Stockholders' equity: | |||||||||
HP stockholders' equity | |||||||||
Preferred stock, $0.01 par value (300 shares authorized; none issued) | |||||||||
Common stock, $0.01 par value (9,600 shares authorized; 1,991 and 2,204 shares issued and outstanding, respectively) | 20 | 22 | |||||||
Additional paid-in capital | 6,837 | 11,569 | |||||||
Retained earnings | 35,266 | 32,695 | |||||||
Accumulated other comprehensive loss | (3,498 | ) | (3,837 | ) | |||||
Total HP stockholders' equity | 38,625 | 40,449 | |||||||
Non-controlling interests | 379 | 332 | |||||||
Total stockholders' equity | 39,004 | 40,781 | |||||||
Total liabilities and stockholders' equity | $ | 129,517 | $ | 124,503 | |||||
The accompanying notes are an integral part of these Consolidated Financial Statements.
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Table of Contents
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES Consolidated Statements of Cash Flows
For the fiscal years ended October 31 | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2011 | 2010 | 2009 | ||||||||||||
In millions | ||||||||||||||
Cash flows from operating activities: | ||||||||||||||
Net earnings | $ | 7,074 | $ | 8,761 | $ | 7,660 | ||||||||
Adjustments to reconcile net earnings to net cash provided by operating activities: | ||||||||||||||
Depreciation and amortization | 4,984 | 4,820 | 4,780 | |||||||||||
Impairment of goodwill and purchased intangible assets | 885 | |||||||||||||
Stock-based compensation expense | 685 | 668 | 635 | |||||||||||
Provision for doubtful accountsaccounts and financing receivables | 81 | 156 | 345 | |||||||||||
Provision for inventory | 217 | 189 | 221 | |||||||||||
Restructuring charges | 645 | 1,144 | 640 | |||||||||||
Deferred taxes on earnings | 166 | 197 | 379 | |||||||||||
Excess tax benefit from stock-based compensation | (163 | ) | (294 | ) | (162 | ) | ||||||||
Other, net | (46 | ) | 169 | 22 | ||||||||||
Changes in assets and liabilities: | ||||||||||||||
Accounts and financing receivables | (227 | ) | (2,398 | ) | (549 | ) | ||||||||
Inventory | (1,252 | ) | (270 | ) | 1,532 | |||||||||
Accounts payable | 275 | (698 | ) | (153 | ) | |||||||||
Taxes on earnings | 610 | 723 | 733 | |||||||||||
Restructuring | (1,002 | ) | (1,334 | ) | (1,237 | ) | ||||||||
Other assets and liabilities | (293 | ) | 89 | (1,467 | ) | |||||||||
Net cash provided by operating activities | 12,639 | 11,922 | 13,379 | |||||||||||
Cash flows from investing activities: | ||||||||||||||
Investment in property, plant and equipment | (4,539 | ) | (4,133 | ) | (3,695 | ) | ||||||||
Proceeds from sale of property, plant and equipment | 999 | 602 | 495 | |||||||||||
Purchases of available-for-sale securities and other investments | (96 | ) | (51 | ) | (160 | ) | ||||||||
Maturities and sales of available-for-sale securities and other investments | 68 | 200 | 171 | |||||||||||
Payments in connection with business acquisitions, net of cash acquired | (10,480 | ) | (8,102 | ) | (391 | ) | ||||||||
Proceeds from business divestiture, net | 89 | 125 | ||||||||||||
Net cash used in investing activities | (13,959 | ) | (11,359 | ) | (3,580 | ) | ||||||||
Cash flows from financing activities: | ||||||||||||||
(Payments) issuance of commercial paper and notes payable, net | (1,270 | ) | 4,156 | (6,856 | ) | |||||||||
Issuance of debt | 11,942 | 3,156 | 6,800 | |||||||||||
Payment of debt | (2,336 | ) | (1,323 | ) | (2,710 | ) | ||||||||
Issuance of common stock under employee stock plans | 896 | 2,617 | 1,837 | |||||||||||
Repurchase of common stock | (10,117 | ) | (11,042 | ) | (5,140 | ) | ||||||||
Excess tax benefit from stock-based compensation | 163 | 294 | 162 | |||||||||||
Cash dividends paid | (844 | ) | (771 | ) | (766 | ) | ||||||||
Net cash used in financing activities | (1,566 | ) | (2,913 | ) | (6,673 | ) | ||||||||
(Decrease) increase in cash and cash equivalents | (2,886 | ) | (2,350 | ) | 3,126 | |||||||||
Cash and cash equivalents at beginning of period | 10,929 | 13,279 | 10,153 | |||||||||||
Cash and cash equivalents at end of period | $ | 8,043 | $ | 10,929 | $ | 13,279 | ||||||||
The accompanying notes are an integral part of these Consolidated Financial Statements.
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