HP Inc. Reports Fiscal 2020 Second Quarter Results

(a) Includes tax impact on non-GAAP adjustments.


 


 
HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS
(Unaudited)
(In millions)
 
  As of
  April 30, 2020  October 31, 2019
ASSETS   
Current assets:   
Cash and cash equivalents$4,054  $4,537 
Accounts receivable, net5,146  6,031 
Inventory6,354  5,734 
Other current assets4,106  3,875 
Total current assets19,660  20,177 
Property, plant and equipment, net2,714  2,794 
Goodwill6,370  6,372 
Other non-current assets5,029  4,124 
Total assets$33,773  $33,467 
    
LIABILITIES AND STOCKHOLDERS' DEFICIT   
Current liabilities:   
Notes payable and short-term borrowings$1,551  $357 
Accounts payable14,195  14,793 
Other current liabilities9,530  10,143 
Total current liabilities25,276  25,293 
Long-term debt3,941    4,780  
Other non-current liabilities 5,299     4,587  
Stockholders' deficit (743 )   (1,193 )
Total liabilities and stockholders' deficit $ 33,773     $ 33,467  

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