HP (HPQ) FY2021 results: revenue $63.5 billion, up 12.1% on the year
HP Inc. (HPQ) reported revenue of $63.5 billion for fiscal 2021, the year ended 31 October 2021, up 12.1% on the year before. Net income was $6.5 billion, up 132.4%, and diluted earnings per share $5.36. The figures are the company's own, from the 10-K it filed with the SEC on 9 December 2021.
Revenue
$63.5 billion
+12.1% on the year
FY2014FY2021
Operating margin
8.4%
6.1% a year earlier
FY2014FY2021
Net income
$6.5 billion
+132.4% on the year
FY2014FY2021
Diluted EPS
$5.36
+170.7% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
6,409
4,316
4,654
+48.5%
Capital expenditure
582
580
671
+0.3%
Free cash flow
5,827
3,736
3,983
+56.0%
Free cash flow margin
9.2%
6.6%
6.8%
Cash from investing
-1,012
-1,016
-438
Cash from financing
-5,962
-2,973
-4,845
Depreciation and amortisation
785
789
744
-0.5%
Share-based compensation
330
278
297
+18.7%
Buybacks
6,249
3,107
2,405
+101.1%
Dividends paid
938
997
970
-5.9%
Dividend per share
$0.78
$0.70
$0.64
+11.4%
Diluted shares, weighted
1,220m
1,420m
1,524m
-14.1%
Shares outstanding at period end
1,092m
1,304m
1,458m
-16.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
-1,644
-2,275
-1,211
Non-controlling interest
n/a
47.0
18.0
Debt
7,573
6,261
5,137
+21.0%
Operating lease liabilities
936
904
n/a
+3.5%
Other liabilities
31,745
29,744
29,523
+6.7%
Total liabilities and equity
38,610
34,681
33,467
+11.3%
Fixed assets
2,546
2,627
2,794
-3.1%
Goodwill
6,803
6,380
6,372
+6.6%
Intangible assets
784
540
661
+45.2%
Investments
5.0
274
0.0
-98.2%
Trading assets
76.0
332
56.0
-77.1%
Cash and equivalents
4,299
4,864
4,537
-11.6%
Receivables
5,536
5,381
6,031
+2.9%
Inventory
7,930
5,963
5,734
+33.0%
Other assets
10,631
8,320
7,282
+27.8%
Total assets
38,610
34,681
33,467
+11.3%
10-K for the year ended 31 October 2021, filed 9 December 2021: the filing.