HP Reports First Quarter 2013 Results - Page 8

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Thursday, February 21st 2013
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Net cash provided by operating activities 2,562 1,193 ------------ ------------ Cash flows from investing activities: Investment in property, plant and equipment (633) (883) Proceeds from sale of property, plant and equipment 127 96 Purchases of available-for-sale securities and other investments (299) - Maturities and sales of available-for-sale securities and other investments 161 96 Payments made in connection with business acquisitions, net of cash acquired - (141) Proceeds from business divestiture, net - 81 ------------ ------------ Net cash used in investing activities (644) (751) ------------ ------------ Cash flows from financing activities: Repayment of commercial paper and notes payable, net (105) (2,607) Issuance of debt 45 3,035 Payment of debt (114) (100) Issuance of common stock under employee stock plans 55 313 Repurchase of common stock (253) (780) Excess tax benefit from stock-based compensation - 11 Cash dividends paid (258) (244) ------------ ------------ Net cash used in financing activities (630) (372) ------------ ------------ Increase in cash and cash equivalents 1,288 70 Cash and cash equivalents at beginning of period 11,301 8,043 ------------ ------------ Cash and cash equivalents at end of period $ 12,589 $ 8,113 ============ ============ HEWLETT-PACKARD COMPANY AND SUBSIDIARIES SEGMENT INFORMATION (Unaudited) (In millions) Three months ended ---------------------------------------- January 31, October 31, January 31, 2013 2012 2012 ------------ ------------ ------------ Net revenue:(a) Personal Systems $ 8,204 $ 8,727 $ 8,892 Printing 5,926 6,080 6,258 ------------ ------------ ------------ Total Printing and Personal Systems Group(b) 14,130 14,807 15,150 Enterprise Group 6,984 7,459 7,282 Enterprise Services 5,919 6,352 6,371 Software 926 1,171 946 HP Financial Services 957 966 950 Corporate Investments 4 10 30 ------------ ------------ ------------ Total segments 28,920 30,765 30,729 Elimination of intersegment net revenue and other (561) (806) (693) ------------ ------------ ------------ Total HP consolidated net revenue $ 28,359 $ 29,959 $ 30,036 ============ ============ ============ Earnings before taxes:(a) Personal Systems $ 223 $ 309 $ 459 Printing 953 1,067 761 ------------ ------------ ------------ Total Printing and Personal Systems Group(b) 1,176 1,376 1,220 Enterprise Group 1,084 1,229 1,329 Enterprise Services 76 423 145 Software 157 318 162 HP Financial Services 101 104 91 Corporate Investments (65) (78) (50)
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