Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - HP INC | Financial_Report.xls |
| 10-Q - FORM 10-Q - HP INC | a2196584z10-q.htm |
| EX-32 - EXHIBIT 32 - HP INC | a2196584zex-32.htm |
| EX-31.1 - EXHIBIT 31.1 - HP INC | a2196584zex-31_1.htm |
| EX-31.2 - EXHIBIT 31.2 - HP INC | a2196584zex-31_2.htm |
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Statements of Computation of Ratio of Earnings to Fixed Charges(1)
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Three months ended January 31, 2010 |
Fiscal years ended October 31, | |||||||||||||||||||
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2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
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In millions, except ratios |
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Earnings: |
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Earnings before taxes |
$ | 2,804 | $ | 9,415 | $ | 10,473 | $ | 9,177 | $ | 7,191 | $ | 3,543 | |||||||||
Adjustments: |
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Noncontrolling interests in the income of subsidiaries with fixed charges |
18 | 74 | 17 | 19 | 8 | 4 | |||||||||||||||
Undistributed loss (earnings) of equity method investees |
2 | 2 | — | 9 | (8 | ) | (2 | ) | |||||||||||||
Fixed charges |
232 | 1,098 | 1,147 | 995 | 746 | 809 | |||||||||||||||
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$ | 3,056 | $ | 10,589 | $ | 11,637 | $ | 10,200 | $ | 7,937 | $ | 4,354 | |||||||||
Fixed charges: |
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Total interest expense, including interest expense on borrowings, amortization of debt discount and premium on all indebtedness and other |
$ | 112 | $ | 585 | $ | 467 | $ | 531 | $ | 336 | $ | 377 | |||||||||
Interest included in rent |
120 | 513 | 680 | 464 | 410 | 432 | |||||||||||||||
Total fixed charges |
$ | 232 | $ | 1,098 | $ | 1,147 | $ | 995 | $ | 746 | $ | 809 | |||||||||
Ratio of earnings to fixed charges (excess of fixed charges over earnings) |
13.2x | 9.6x | 10.1x | 10.3x | 10.6x | 5.4x | |||||||||||||||
- (1)
- HP computed the ratio of earnings to fixed charges by dividing earnings (earnings before cumulative effect of change in accounting principle and taxes, adjusted for fixed charges, noncontrolling interests in the income of subsidiaries with fixed charges and undistributed earnings or loss of equity method investees) by fixed charges for the periods indicated. Fixed charges include (i) interest expense on borrowings and amortization of debt discount or premium on all indebtedness and other, and (ii) a reasonable approximation of the interest factor deemed to be included in rental expense.
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES Statements of Computation of Ratio of Earnings to Fixed Charges(1)