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Quarterly overview August 27, 2002

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Content starts here

The information contained in the pages below speaks as of the date issued. Investors should not assume that statements made in these documents remain operative at a later time.

Click on a heading below to view the corresponding page:

Financial statements

» Consolidated condensed statement of earnings
» Combined company consolidated condensed balance sheet
» Pro forma combined company consolidated condensed statement of earnings
» Consolidated condensed balance sheet

Other financial information

» Calculation of net earnings per share
» Calculation of pro forma net earnings per share
» Segment information
» Combined company segment information
» Selected financial information
» Combined company selected financial information
» Geographic revenue growth comparison
» Combined company geographic revenue growth comparison

This information is also available in the form of Adobe Acrobat PDF files, which you can view, print or save. To view the PDF file, you need to have Adobe Acrobat Reader installed on your computer. Acrobat Reader is a free plug-in. You can download the latest version or download a version with accessibility features.

» Financial statements (PDF file, 189KB)
» Other financial information (PDF file, 245KB)


Consolidated Condensed Statement of Earnings



Combined Company Consolidated Condensed Statement of Earnings


Pro Forma Combined Company Consolidated Condensed Statement of Earnings



Consolidated Condensed Balance Sheet


Calculation of Net Earnings Per Share

HP's basic earnings per share (EPS) were calculated based on net earnings and the weighted-average number of shares outstanding during the reporting period.

The diluted loss per share for the three-and nine-month periods ended July 31, 2002 and 2001 were calculated based only on the weighted average number of shares outstanding during the reporting period as the inclusion of common stock equivalents, such as stock issuable pursuant to the exercise of stock options and the conversion of debt would have been antidilutive.

The weighted average number of shares is presented for HP as follows:

  • GAAP includes the shares issued in the Compaq merger in the weighted average share calculation from May 3, 2002, (the date of acquisition) for both the three- and nine-month periods ended July 31, 2002.

  • Combined Company ("CC") includes the shares issued in the Compaq merger in the weighted average share calculation as if the merger occurred at the beginning of the period presented. The weighted average number of shares outstanding for the nine-month period ended July 31, 2002 and for the three-and nine-month periods ended July 31, 2001 combined the weighted average number of shares of HP common stock outstanding and the weighted average number of shares of Compaq common stock outstanding multiplied by the exchange ratio of 0.6325.

  • Historic HP is presented for the three- and nine-month periods ended July 31, 2001 and does not include any shares issued in the Compaq merger.

For more information on each of these presentations please refer to their respective financial statements.




Calculation of Pro Forma Net Earnings Per Share

HP's basic pro forma earnings per share (EPS) were calculated based on adjusted net earnings and the weighted-average number of shares outstanding during the reporting period.

HP's diluted pro forma EPS included additional dilution from potential issuance of common stock, such as stock issuable pursuant to exercise of stock options outstanding and the conversion of debt.

The weighted average number of shares is presented for HP as follows:

  • GAAP includes the shares issued in the Compaq merger in the weighted average share calculation from May 3, 2002, (the date of acquisition) for both the three- and nine-month periods ended July 31, 2002.

  • Combined Company ("CC") includes the shares issued in the Compaq merger in the weighted average share calculation as if the merger occurred at the beginning of the period presented. The weighted average number of shares outstanding for the nine-month period ended July 31, 2002 and for the three-and nine-month periods ended July 31, 2001 combined the weighted average number of shares of HP common stock outstanding and the weighted average number of shares of Compaq common stock outstanding multiplied by the exchange ratio of 0.6325.

  • Historic HP is presented for the three- and nine-month periods ended July 31, 2001 and does not include any shares issued in the Compaq merger.

For more information on each of these presentations please refer to their respective financial statements.




Segment Information



Combined Company Segment Information


Selected Financial Information


Combined Company Selected Financial Information


Geographic Revenue Growth Comparison


Combined Company Geographic Revenue Growth Comparison


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