HP Inc. Reports Fiscal Year 2016 Results
Highlights
GAAP diluted net EPS from
continuing operations
Net revenue
Non-GAAP(1) diluted net EPS
Cash provided by operations
2% CC(2)
$51.5B
6%
FY15
$48.2B
$2.02
FY16
FY15
$48.2 billion
24%
$1.53
$1.46
FY16
FY15
$1.53
13% $1.60
$3.2B
FY16
FY16
10%
$1.60
$3.2 billion
Geography
Americas
46% of net revenue
6% y/y
EMEA
34% of net revenue
8% y/y
4% CC(2)
2% CC(2)
Asia Pacific
20% of net revenue
3% y/y
3% CC(2)
Non-US net revenue was
63% of total net revenue
Personal Systems
$
Net revenue
$30.0 billion
5% y/y
1% CC(2)
Operating
profit
$1.2 billion
3.8% of net revenue
Printing
Total
units
3% y/y
Notebooks
net revenue
2% y/y
Desktops
net revenue
Units
Units
2% y/y
9% y/y
7% y/y
Commercial
net revenue
5% y/y
Consumer
net revenue
5% y/y
$
Net revenue
$18.2 billion
14% y/y
9% CC(2)
Operating
profit
$3.1 billion
17.1% of net revenue
Supplies
net revenue
15% y/y
CC(2)
10% y/y
Total hardware
units
12% y/y
Commercial
hardware units
6% y/y
Consumer
hardware units
15% y/y
1. All non-GAAP numbers have been adjusted to exclude certain items. A reconciliation of specific adjustments to GAAP results for the current and prior periods is included as a part of a Q4 FY16 earnings
presentation available at www.hp.com/investor/home.
2. Adjusted to eliminate the effects of foreign exchange fluctuations.
NOTE: Arrows represent the mathematical direction of the amount the arrow is associated with.
HP Inc. Reports Fiscal Year 2016 Results
Capital Allocation
$
Dividend payment
Stock repurchase
$0.496 per share
approximately 100 million shares
$858 million
Net debt (1)
$1.2 billion
$0.5 billion
$0.7 billion y/y
Asset Management
$
$
Cash conversion cycle
(29) days
10 days y/y
=
Days receivables
30 days
-
5 days y/y
Days payable
98 days
5 days y/y
+
$
Days inventory
39 days
flat y/y
1. Gross cash includes cash and cash equivalents, short-term investments, and certain liquid long-term investments. Net cash (debt) is defined as gross cash less gross debt including the effect of hedging.
NOTE: Arrows represent the mathematical direction of the amount the arrow is associated with.
© Copyright 2016 HP Development Company, L.P. The information contained herein is subject to change without notice.