HP INC
For the period ended Oct 31, 2025. Filed Dec 10, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Dec 10, 2025
HPQ$28.42+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| HP INC. AND SUBSIDIARIES | |||
|---|---|---|---|
| Consolidated Statements of Cash Flows | |||
| For the fiscal years ended October 31 | |||
| 2025 | 2024 | 2023 | |
| In millions | |||
| Cash flows from operating activities: | |||
| Net earnings | $2,529 | $2,775 | $3,263 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation, amortization and impairment | 916 | 830 | 850 |
| Stock-based compensation expense | 522 | 452 | 438 |
| Restructuring and other charges | 405 | 301 | 527 |
| Deferred taxes on earnings | (6) | (122) | (923) |
| Other, net | 116 | (38) | (10) |
| Changes in operating assets and liabilities, net of acquisitions: | |||
| Accounts receivable | (524) | (929) | 278 |
| Inventory | (828) | (852) | 668 |
| Accounts payable | 1,142 | 2,840 | (1,240) |
| Net investment in leases related to integrated financing | (131) | (165) | (110) |
| Taxes on earnings | (391) | (24) | 198 |
| Restructuring and other | (326) | (264) | (310) |
| Other assets and liabilities | 273 | (1,055) | (58) |
| Net cash provided by operating activities | 3,697 | 3,749 | 3,571 |
| Cash flows from investing activities: | |||
| Investment in property, plant, equipment and purchased intangibles, net | (897) | (592) | (593) |
| Purchases of available-for-sale securities and other investments | (40) | (4) | (11) |
| Maturities and sales of available-for-sale securities and other investments | 74 | 8 | 21 |
| Collateral posted for derivative instruments | (264) | — | — |
| Payments made in connection with business acquisitions, net of cash acquired | (116) | (58) | (7) |
| Proceeds from business divestitures | 66 | — | — |
| Net cash used in investing activities | (1,177) | (646) | (590) |
| Cash flows from financing activities: | |||
| Payments of short-term borrowings with original maturities less than 90 days, net | — | — | (10) |
| Proceeds from debt, net of issuance costs | 1,385 | 380 | 255 |
| Payment of debt and other associated costs | (1,387) | (213) | (1,700) |
| Stock-based award activities and others | (126) | (74) | (99) |
| Repurchase of common stock | (850) | (2,100) | (100) |
| Cash dividends paid | (1,088) | (1,075) | (1,037) |
| Collateral returned for derivative instruments | — | — | (200) |
| Settlement of cash flow hedges | 6 | — | (3) |
| Net cash used in financing activities | (2,060) | (3,082) | (2,894) |
| Increase in cash, cash equivalents and restricted cash | 460 | 21 | 87 |
| Cash, cash equivalents and restricted cash at beginning of period | 3,253 | 3,232 | 3,145 |
| Cash, cash equivalents and restricted cash at end of period (1) | $3,713 | $3,253 | $3,232 |
| Supplemental cash flow disclosures: | |||
| Income taxes paid, net of refunds | $535 | $649 | $398 |
| Interest expense paid | $437 | $441 | $548 |
(1) Includes cash held for sale of $8 million recorded within Other current assets
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