HP (HPQ) FY2022 results: revenue $63.0 billion, down 0.8% on the year
HP Inc. (HPQ) reported revenue of $63.0 billion for fiscal 2022, the year ended 31 October 2022, down 0.8% on the year before. Net income was $3.1 billion, down 52.1%, and diluted earnings per share $2.98. The figures are the company's own, from the 10-K it filed with the SEC on 6 December 2022.
Revenue
$63.0 billion
-0.8% on the year
FY2015FY2022
Operating margin
7.2%
8.4% a year earlier
FY2015FY2022
Net income
$3.1 billion
-52.1% on the year
FY2015FY2022
Diluted EPS
$2.98
-44.4% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
4,463
6,409
4,316
-30.4%
Capital expenditure
765
582
580
+31.4%
Free cash flow
3,698
5,827
3,736
-36.5%
Free cash flow margin
5.9%
9.2%
6.6%
Cash from investing
-3,549
-1,012
-1,016
Cash from financing
-2,068
-5,962
-2,973
Depreciation and amortisation
780
785
789
-0.6%
Share-based compensation
343
330
278
+3.9%
Buybacks
4,297
6,249
3,107
-31.2%
Dividends paid
1,037
938
997
+10.6%
Dividend per share
$1.00
$0.78
$0.70
+28.2%
Diluted shares, weighted
1,050m
1,220m
1,420m
-13.9%
Shares outstanding at period end
980m
1,092m
1,304m
-10.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
-3,025
-1,644
-2,275
Non-controlling interest
n/a
n/a
47.0
Debt
11,190
7,573
6,261
+47.8%
Operating lease liabilities
875
936
904
-6.5%
Other liabilities
29,454
31,745
29,744
-7.2%
Total liabilities and equity
38,494
38,610
34,681
-0.3%
Fixed assets
2,774
2,546
2,627
+9.0%
Goodwill
8,541
6,803
6,380
+25.5%
Intangible assets
1,933
784
540
+146.6%
Investments
n/a
5.0
274
Trading assets
n/a
76.0
332
Cash and equivalents
3,145
4,299
4,864
-26.8%
Receivables
4,546
5,536
5,381
-17.9%
Inventory
7,614
7,930
5,963
-4.0%
Other assets
9,941
10,631
8,320
-6.5%
Total assets
38,494
38,610
34,681
-0.3%
10-K for the year ended 31 October 2022, filed 6 December 2022: the filing.