HP (HPQ) 10-K Summary — Year Ended Oct 31, 2023
HP Inc. filed its annual report for the most recent fiscal year. The report shows a decline in revenue compared to the prior year, while operating cash flow remained positive.
Key takeaway
Year ended Oct 31, 2023 · FY2025 10-K
HP Inc. filed its annual report for the most recent fiscal year. The report shows a decline in revenue compared to the prior year, while operating cash flow remained positive.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$53.7B
Revenue reported for the fiscal year.
Operating income
$3.5B
Income from operations reported for the year.
Net income
$3.3B
Net income reported for the year.
Operating cash flow
$3.6B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Oct 31, 2021 | $63.5B | n/a |
| Oct 31, 2022 | $62.9B | -0.9% |
| Oct 31, 2023 | $53.7B | -14.6% |
Business overview
The filing includes a section titled 'Item 1. Business' that outlines the company's operations and market segments. No further details are available in the provided context.
Financial performance
Revenue decreased compared to the prior year, continuing a downward trend from the previous period. Operating income and net income were reported, and operating cash flow was sufficient to support ongoing operations.
Material risks
The filing discusses risk factors in Item 1A that cover areas such as market conditions, competitive pressures, and operational challenges. Additionally, the liquidity section references these risks as potential impacts on the company's financial position.
Liquidity and capital
The company primarily relies on cash generated from operations for liquidity. It believes that existing cash, cash flow, and available credit facilities are adequate for operating needs, capital expenditures, debt payments, and shareholder returns. Additional financing may be sought for acquisitions.
What to watch
A key item to watch is the revenue performance in the upcoming filing to see whether the declining trend reverses.