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HEWLETT PACKARD CO FILES (8-K) Disclosing Results of Operations and Financial Condition

May 22, 2014

Item 2.02. Results of Operations and Financial Condition. On May 22, 2014, Hewlett-Packard Company ("HP") issued a press release relating to its fiscal quarter ended April 30, 2014 entitled "HP Reports Fiscal 2014 Second Quarter Results." The text of this press release, with the related GAAP consolidated condensed statements of earnings, adjustments to certain GAAP financial information, GAAP consolidated condensed balance sheets, GAAP consolidated condensed statements of cash flows, certain segment and business unit information, and certain additional financial information, is furnished herewith as Exhibit 99.1. The information in Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), solely as a result of being included in Exhibit 99.1. HP's GAAP consolidated condensed statements of earnings for the three and six months ended April 30, 2014, HP's GAAP consolidated condensed balance sheet as of April 30, 2014, and certain segment information for the three and six months ended April 30, 2014 also are filed herewith as Exhibit 99.2. The information in Exhibit 99.2 is filed for purposes of Section 18 of the Exchange Act and therefore may be incorporated by reference into filings under the Securities Act. To supplement HP's consolidated condensed financial statements presented on a GAAP basis, HP provides revenue on a constant currency basis, non-GAAP operating profit, non-GAAP operating margin, non-GAAP net earnings, non-GAAP diluted net earnings per share, gross cash, free cash flow, net capital expenditures, net debt, net cash, operating company net debt and operating company net cash. HP also provides forecasts of non-GAAP diluted net earnings per share. A reconciliation of the adjustments to GAAP results for HP's fiscal quarter ended April 30, 2014 and prior periods is included in the tables that are a part of Exhibit 99.1 or elsewhere in the materials related hereto. In addition, an explanation of the ways in which HP management uses these non-GAAP measures to evaluate its business, the substance behind HP management's decision to use these non-GAAP measures, the material limitations associated with the use of these non-GAAP measures, the manner in which HP management compensates for those limitations, and the substantive reasons why HP management believes that these non-GAAP measures provide useful information to investors is included under "Use of non-GAAP financial information" in Exhibit 99.1. This additional non-GAAP financial information is not meant to be considered in isolation or as a substitute for operating profit, operating margin, net earnings, diluted net earnings per share, cash and cash equivalents, cash flow from operations, capital expenditures or total company debt prepared in accordance with GAAP. 2



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Item 9.01. Financial Statements and Exhibits. Exhibit Number Description Exhibit 99.1 Text of HP's press release relating to its fiscal quarter ended April 30, 2014 entitled "HP Reports Fiscal 2014 Second Quarter Results," with the related GAAP consolidated condensed statements of earnings, adjustments to certain GAAP financial information, GAAP consolidated condensed balance sheets, GAAP consolidated condensed statements of cash flows, segment financial results, statements of business unit revenue and certain additional financial information (furnished herewith). Exhibit 99.2 HP's GAAP consolidated condensed statements of earnings for the three and six months ended April 30, 2014, HP's GAAP consolidated condensed balance sheets as of April 30, 2014, and segment financial results for the three and six months ended April 30, 2014 (filed herewith). 3



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Source: Edgar Glimpses


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