HP (HPQ) 10-K Summary — Year Ended Oct 31, 2024
HP Inc. filed its annual report for the most recent fiscal year, showing a slight decline in revenue compared to the prior year. The filing provides information on liquidity and capital resources, but does not include detailed business descriptions or specific risk factors in the supplied context.
Key takeaway
Year ended Oct 31, 2024 · FY2025 10-K
HP Inc. filed its annual report for the most recent fiscal year, showing a slight decline in revenue compared to the prior year. The filing provides information on liquidity and capital resources, but does not include detailed business descriptions or specific risk factors in the supplied context.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$53.6B
Revenue reported for the fiscal year.
Operating income
$3.8B
Income from operations reported for the year.
Net income
$2.8B
Net income reported for the year.
Operating cash flow
$3.7B
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% |
| Oct 31, 2024 | $53.6B | -0.3% |
Business overview
The filing does not contain a detailed description of the company's business operations; only section references are provided. The company is identified as HP Inc.
Financial performance
Revenue has declined over the past several years, with the most recent year showing a slight further decrease. Operating income and net income were reported at amounts significantly below revenue. Cash flow from operations was also a substantial sum.
Material risks
The filing references risk factors but does not provide the specific risk statements in the supplied context. The liquidity section notes that liquidity is subject to various risks as identified in the risk factors section.
Liquidity and capital
The company relies on cash generated from operations as its primary liquidity source. It believes current cash and cash flow, along with borrowing capacity, are sufficient to meet foreseeable needs including capital expenditures, debt payments, share repurchases, and dividends. The company also may use additional borrowings for acquisitions.
What to watch
Track whether the company can stabilize or reverse the multi-year revenue decline.