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AI English summary of an SEC filing — figures as filed

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The company said full-year fiscal 2024 net revenue was $53.6 billion, down 0.3% from the prior year, and GAAP diluted EPS was $2.81, lower than $3.26 a year earlier. GAAP net earnings were $2,775 million.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said full-year fiscal 2024 net revenue was $53.6 billion, down 0.3% from the prior year, and GAAP diluted EPS was $2.81, lower than $3.26 a year earlier. GAAP net earnings were $2,775 million.

  2. HP said net revenue for fiscal 2024 Q4 was $14.1 billion, up 1.7% from the same quarter a year earlier, and that GAAP and non-GAAP diluted EPS were $0.93 each. Non-GAAP EPS was $0.90 in the year-earlier quarter.

  3. Fiscal 2024 net cash provided by operating activities was $3.7 billion and free cash flow was $3.3 billion, the company said. It said it returned 96% of its free cash flow to shareholders through share repurchases of $2.1 billion and dividend payments of $1.1 billion.

  4. The company said its Board raised the quarterly cash dividend by 5% to $0.2894 per share. It also said it expects fiscal 2025 non-GAAP diluted EPS of $3.45 to $3.75 and free cash flow of $3.2 to $3.6 billion.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Full-year net revenue $53.6 billion, GAAP net earnings decline

The company said full-year fiscal 2024 net revenue was $53.6 billion, down 0.3% from the prior year, and GAAP diluted EPS was $2.81, lower than $3.26 a year earlier. GAAP net earnings were $2,775 million.

Source · Based on the filing body and exhibits

Q4 net revenue $14.1 billion, non-GAAP EPS $0.93

HP said net revenue for fiscal 2024 Q4 was $14.1 billion, up 1.7% from the same quarter a year earlier, and that GAAP and non-GAAP diluted EPS were $0.93 each. Non-GAAP EPS was $0.90 in the year-earlier quarter.

Source · Based on the filing body and exhibits

Full-year free cash flow and shareholder returns

Fiscal 2024 net cash provided by operating activities was $3.7 billion and free cash flow was $3.3 billion, the company said. It said it returned 96% of its free cash flow to shareholders through share repurchases of $2.1 billion and dividend payments of $1.1 billion.

Source · Based on the filing body and exhibits

Dividend up 5% and fiscal 2025 outlook

The company said its Board raised the quarterly cash dividend by 5% to $0.2894 per share. It also said it expects fiscal 2025 non-GAAP diluted EPS of $3.45 to $3.75 and free cash flow of $3.2 to $3.6 billion.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.