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HP Balance Sheet Statement

Assets, liabilities, and shareholders' equity

HP holds $41.5B in total assets. Shareholders' equity is -$766.0M against $11.7B in total debt. Cash and equivalents total $3.2B. The current ratio is 0.759 and debt-to-equity is -15.33. Based on the Q1 2026 filing.

Total Assets$41.5BTotal Stockholders Equity-$766.0MLong Term Debt$9.7BCash And Equivalents$3.2BTotal Current Assets$22.2BTotal Current Liabilities$29.3B
Latest FilingQ1 2026
Report Date2026-02-25
Market Cap$19.1B
P/E Ratio7.63
ROE-273.01%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$16.9B$16.5B$15.2B$17.0B$18.1B$18.2B
Accrued expenses$1.2B$1.1B$1.1B$1.2B$1.3B$1.3B
Accrued Manufacturing Costs$1.2B$1.1B$1.1B$1.2B$1.3B$1.3B
Accrued Marketing and Advertising Expenses$3.1B$2.9B$2.8B$2.9B$3.1B$2.9B
Accrued Progress Collections and Price Adjustments$1.5B$1.5B$1.5B$1.6B$1.6B$1.7B
Contract liabilities$1.5B$1.5B$1.5B$1.6B$1.6B$1.7B
Compensation and benefits$1.2B$1.1B$1.1B$1.2B$1.3B$1.3B
Other accrued liabilities$10.4B$9.5B$9.9B$10.1B$10.4B$10.2B
Current portion of accrued product warranty$486.0M$457.0M$429.0M$409.0M$401.0M$396.0M
Current portion of long-term debt$1.4B$1.4B$1.4B$772.0M$788.0M$807.0M
Current Portion of Long-Term Debt and Finance Lease Obligations$1.4B$1.4B$1.4B$772.0M$788.0M$807.0M
Deferred revenue$1.4B$1.5B$1.5B$1.5B$1.6B$1.6B
Derivative Liabilities - Fair Value$113.0M$98.0M$59.0M$128.0M$143.0M$94.0M
Derivative Liabilities - Not Offset Policy Election Deduction$113.0M$98.0M$59.0M$128.0M$143.0M$94.0M
Derivative Liabilities Offset$113.0M$98.0M$59.0M$128.0M$143.0M$94.0M
Derivative liabilities$59.0M$35.0M$506.0M$242.0M$98.0M$303.0M
Income taxes payable$291.0M$281.0M$263.0M$248.0M$297.0M$253.0M
Note payable to DIRECTV$10.4B$9.5B$9.9B$10.1B$10.4B$10.2B
Operating lease liabilities, current$443.0M$431.0M$413.0M$409.0M$401.0M$420.0M
Restructuring Reserve—$8.0M$6.0M$6.0M—$30.0M
Short-Term Debt - Weighted-Average Interest Rate5.0%5.0%4.9%3.3%3.2%3.5%
Standard Product Warranty Accrual$550.0M$516.0M$484.0M$462.0M$452.0M$443.0M
Supplier Finance Program Obligations$900.0M$800.0M$600.0M$500.0M$8.9B$8.8B
Total current liabilities$28.7B$27.4B$26.6B$27.9B$29.3B$29.3B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$5.1B$4.2B$4.3B$5.1B$5.7B$5.3B
Available-for-Sale Debt Securities - Amortized Cost—$18.0M$17.0M$17.0M—$14.0M
Available-for-Sale Debt Securities - Amortized Cost (Due Within One Year)—$18.0M$17.0M$17.0M—$14.0M
Available-for-Sale Debt Securities - Fair Value by Maturity—$77.0M$72.0M$70.0M—$62.0M
Available-for-Sale Debt Securities - Single Maturity Date—$77.0M$72.0M$70.0M—$62.0M
Allowance for Doubtful Accounts$83.0M$84.0M$85.0M$83.0M$83.0M$84.0M
Allowance for Doubtful Accounts Receivable (Current)$83.0M$84.0M$85.0M$83.0M$83.0M$84.0M
Cash and cash equivalents$3.3B$2.9B$2.7B$2.9B$3.7B$3.2B
Total Cash, Cash Equivalents, and Restricted Cash (Inclusive)$3.3B$2.9B——$3.7B$3.2B
Finished goods$4.3B$4.6B$4.5B$4.8B$4.7B$4.7B
Work in process and raw materials$3.4B$3.9B$3.7B$3.6B$3.8B$4.0B
Nontrade Receivables Current$2.2B$1.8B$1.4B$1.6B$2.0B$2.3B
Other current assets$4.7B$4.3B$4.2B$4.2B$4.5B$5.0B
Derivative Assets - Fair Value$229.0M$464.0M$66.0M$134.0M$183.0M$99.0M
Derivative Assets - Net Reduction from Master Netting Arrangements$113.0M$98.0M$59.0M$128.0M$143.0M$94.0M
Derivative assets$229.0M$464.0M$66.0M$134.0M$183.0M$99.0M
Trading assets—$18.0M$17.0M$17.0M—$15.0M
Finished goods$4.3B$4.6B$4.5B$4.8B$4.7B$4.7B
Raw materials$3.4B$3.9B$3.7B$3.6B$3.8B$4.0B
Inventories$7.7B$8.4B$8.2B$8.4B$8.5B$8.7B
Net Cash Collateral Received - Derivative Instruments$61.0M$35.0M$535.0M$343.0M$279.0M$340.0M
Prepaid expenses and other current assets$1.5B$1.6B$1.8B$1.6B$1.6B$1.6B
Prepaid Tax$1.0B$921.0M$973.0M$978.0M$986.0M$1.0B
Restricted cash$15.0M$14.0M$33.0M$3.0M$15.0M$0.0
Total current assets$20.8B$19.8B$19.5B$20.6B$22.5B$22.2B
Vendor Non-Trade Receivables$2.2B$1.8B$1.4B$1.6B$2.0B$2.3B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued Employee Benefits (Non-Current)$607.0M$588.0M$597.0M$598.0M$564.0M$598.0M
Contract Liabilities, Non-Current$1.5B$1.5B$1.5B$1.6B$1.6B$1.7B
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$47.0M$44.0M$51.0M$47.0M$46.0M$42.0M
Defined Benefit Pension Plan Liabilities (Non-Current)$607.0M$588.0M$597.0M$598.0M$564.0M$598.0M
Long-term debt$9.7B$9.7B$10.7B$9.6B$9.7B$9.7B
Long-Term Debt - Fair Value$9.4B$9.4B$10.4B$9.5B$9.6B$9.6B
Marketing and selling$3.1B$2.9B$2.8B$2.9B$3.1B$2.9B
Deferred revenue, net of current portion$1.5B$1.5B$1.5B$1.6B$1.6B$1.7B
Liability, Pension and Other Postretirement and Postemployment Benefits, Noncurrent$607.0M$588.0M$597.0M$598.0M$564.0M$598.0M
Operating lease liabilities, non-current$787.0M$781.0M$766.0M$764.0M$815.0M$819.0M
Other non-current liabilities$4.3B$4.3B$4.2B$4.1B$4.0B$4.2B
Secured Borrowings Cash Right to Reclaim$61.0M$35.0M$535.0M$343.0M$279.0M$340.0M
Total liabilities————$244.0M$405.0M
Unrecognized Tax Benefits—$1.2B$1.2B$1.0B—$889.0M
Unrecognized Tax Benefits - Impacting Effective Tax Rate—$873.0M$886.0M$707.0M—$671.0M
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued—$145.0M$157.0M$129.0M—$132.0M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$1.8B$1.9B$2.0B$2.1B$2.1B$2.2B
Accumulated other comprehensive income (loss)-$434.0M-$204.0M-$843.0M-$641.0M-$457.0M-$654.0M
Common stock9M9.6B9.6B9.6B9.6B9.6B
Common Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Issued939M945M942M939M921M917M
Convertible Preferred Stock Authorized Shares300M300M300M300M300M300M
Convertible Preferred Stock Issued Shares000000
Additional paid-in capital$1.8B$1.9B$2.0B$2.1B$2.1B$2.2B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$9.0M$9.0M$9.0M$9.0M$9.0M$9.0M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Preferred stock$0.0$0.0$0.0$0.0$0.0$0.0
Preferred Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Retained earnings-$2.7B-$2.8B-$2.4B-$2.4B-$2.0B-$2.3B
Share Repurchase Authorization Limit—$9.2B$9.1B$8.9B—$8.1B
Share Repurchase Program - Amount Remaining—$9.2B$9.1B$8.9B—$8.1B
Total liabilities and stockholders' equity$39.9B$38.9B$38.8B$39.9B$41.8B$41.5B
Total stockholders' equity-$1.3B-$1.1B-$1.3B-$901.0M-$346.0M-$766.0M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Available-for-Sale Debt Securities - Fair Value (Maturing 1 to 5 Years)—$59.0M$55.0M$53.0M—$45.0M
Deferred tax assets$3.3B$3.3B$3.5B$3.4B$3.3B$3.4B
Deferred Tax Assets and Other Non-Current Assets$7.6B$7.6B$7.7B$7.6B$7.6B$7.5B
Deposits on Licenses$322.0M$301.0M$305.0M$317.0M$316.0M$185.0M
Available-for-sale securities—$59.0M$55.0M$53.0M—$47.0M
Goodwill$8.6B$8.6B$8.7B$8.7B$8.7B$8.7B
Intangible assets, net$1.3B$1.3B$1.2B$1.1B$1.0B$957.0M
Net Investment in Lease$1.2B$1.2B$1.1B$1.1B$1.1B$1.1B
Intangible assets — net$1.3B$1.3B$1.2B$1.1B$1.0B$957.0M
Operating lease right-of-use assets$1.2B$1.2B$1.1B$1.1B$1.1B$1.1B
Other non-current assets$7.6B$7.6B$7.7B$7.6B$7.6B$7.5B
Property, plant and equipment at cost$8.0B$8.1B$8.3B$8.4B$8.5B$8.6B
Operating Lease Right-of-Use Assets in Other Assets$1.2B$1.2B$1.1B$1.1B$1.1B$1.1B
Other non-current assets$1.1B$1.2B$1.1B$1.3B$1.4B$1.4B
Accumulated depreciation$5.1B$5.2B$5.4B$5.4B$5.4B$5.6B
Property and equipment, net$2.9B$2.9B$3.0B$3.0B$3.0B$3.1B
Software and Technology Licenses, Net$7.6B$7.6B$7.7B$7.6B$7.6B$7.5B
Total assets$39.9B$38.9B$38.8B$39.9B$41.8B$41.5B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregate Notional Principal Outstanding$20.3B$21.3B$20.9B$18.3B$19.3B$18.7B
Cumulative Cost Basis$8.0B$1.6B$1.7B$1.8B$8.5B$1.1B
Derivative Notional Amount$20.3B$21.3B$20.9B$18.3B$19.3B$18.7B
Fair Value Measurement Disclosure$182.0M$136.0M$571.0M$377.0M$244.0M$405.0M
Gross Assets/Liabilities$182.0M$136.0M$571.0M$377.0M$244.0M$405.0M
Accounts Receivable, Allowance for Credit Loss$83.0M$84.0M$85.0M$83.0M$83.0M$84.0M
Allowance for doubtful accounts$83.0M$84.0M$85.0M$83.0M$83.0M$84.0M
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five—$59.0M$55.0M$53.0M—$45.0M
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five—$59.0M$55.0M$53.0M—$47.0M
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Amortized Cost—$77.0M$72.0M$70.0M—$59.0M
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One—$18.0M$17.0M$17.0M—$14.0M
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One—$18.0M$17.0M$17.0M—$15.0M
Gross Unrealized Gain$0.0$0.0$0.0$0.0$0.0$0.0
Cash And Cash Equivalents, Gross Unrealized Losses$0.0$0.0$0.0$0.0$0.0$0.0
Cash and cash equivalents, end of period$3.3B$2.9B——$3.7B$3.2B
Cash Equivalents and Available For Sale Securities, Amortized Cost Basis, Excluding Accrued Interest$2.5B$1.6B$2.1B$2.3B$2.0B$1.3B
Cash Equivalents and Available For Sale Securities, Fair Value, Excluding Accrued Interest$2.5B$1.6B$2.1B$2.3B$2.0B$1.3B
Cash Equivalents and Available For Sale Securities, Accumulated Gross Unrealized Loss, before Tax$0.0$0.0$0.0$0.0$0.0$0.0
Total cash equivalents and available-for-sale investments, gross unrealized gain$69.0M$69.0M$64.0M$21.0M$27.0M$26.0M
Cash, held-for-sale————$8.0M—
Common stock, par value (in dollars per share)$0.0$0.0$0.0$0.0$0.0$0.0
Common stock, shares authorized (in shares)$9.6B$9.6B$9.6B$9.6B$9.6B$9.6B
Common stock, shares issued (in shares)$939.0M$945.0M$942.0M$939.0M$921.0M$917.0M
Common Stock, Shares, Outstanding$939.0M$945.0M$942.0M$939.0M$921.0M$917.0M
Contract with Customer, Liability$2.9B$3.0B$3.0B$3.1B$3.2B$3.3B
Short-term debt and current portion of long-term debt$1.4B$1.4B$1.4B$820.0M$845.0M$861.0M
Fair value adjustment related to hedged debt-$21.0M-$14.0M-$6.0M-$3.0M-$1.0M$0.0
Debt Instrument, Fair Value Disclosure$9.4B$9.4B$10.4B$9.5B$9.6B$9.6B
Debt Securities, Available-For-Sale, Excluding Accrued Interest And Equity Securities, FV-NI, Amortized Cost$118.0M$116.0M$115.0M$113.0M$107.0M$106.0M
Gross Unrealized Gain$69.0M$69.0M$64.0M$21.0M$27.0M$26.0M
Fair Value$187.0M$185.0M$179.0M$134.0M$134.0M$132.0M
Debt Securities, Available-for-sale, Excluding Accrued Interest And Equity Securities, FV-NI, Accumulated Gross Unrealized Loss, Before Tax$0.0$0.0$0.0$0.0$0.0$0.0
Weighted Average Interest Rate (as a percent)$0.1$0.1$0.0$0.0$0.0$0.0
Deferred Tax Assets, Net$3.3B$3.3B$3.5B$3.4B$3.3B$3.4B
Deferred Tax Liabilities, Net$31.0M$49.0M$29.0M$15.0M$16.0M$17.0M
Derivative Asset, Subject to Master Netting Arrangement, Liability Offset$0.0$0.0$0.0$0.0$0.0$0.0
Derivative, gross, assets$229.0M$464.0M$66.0M$134.0M$183.0M$99.0M
Derivative Asset, Including Not Subject to Master Netting Arrangement, after Offset and Deduction$28.0M$29.0M$7.0M$6.0M$25.0M$5.0M
Derivatives, gross, liabilities$182.0M$136.0M$571.0M$377.0M$244.0M$405.0M
Derivative Liability$182.0M$136.0M$571.0M$377.0M$244.0M$405.0M
Derivative Liability, Subject to Master Netting Arrangement, Asset Offset$0.0$0.0$0.0$0.0$0.0$0.0
Derivative Liability, Including Not Subject To Master Netting Arrangement, After Offset And Deduction, Net$8.0M$3.0M-$23.0M-$94.0M-$178.0M-$29.0M
Potential reduction in net position of total derivative liabilities$113.0M$98.0M$59.0M$128.0M$143.0M$94.0M
Derivative, Net Liability Position, Aggregate Fair Value$59.0M$35.0M$506.0M$242.0M$98.0M$303.0M
Notional$20.3B$21.3B$20.9B$18.3B$19.3B$18.7B
Less: current maturities$1.4B$1.4B$1.4B$772.0M$788.0M$807.0M
Other accrued liabilities$2.4B$2.3B$2.6B$2.6B$2.3B$2.5B
Other countries with income tax jurisdiction—61.0061.0061.00—60.00
Other$531.0M$485.0M$537.0M$524.0M$513.0M$557.0M
Preferred Stock, Par or Stated Value Per Share$0.0$0.0$0.0$0.0$0.0$0.0
Preferred Stock, Shares Authorized$300.0M$300.0M$300.0M$300.0M$300.0M$300.0M
Preferred Stock, Shares Issued$0.0$0.0$0.0$0.0$0.0$0.0
Prepaid pension and post-retirement benefit assets$362.0M$374.0M$389.0M$402.0M$425.0M$447.0M
Standard and Extended Product Warranty Accrual$550.0M$516.0M$484.0M$462.0M$452.0M$443.0M
Purchase Obligation————$1.1B—
Receivables Sold but Not Collected from Third Party$284.0M$133.0M$217.0M$120.0M$117.0M$199.0M
Restructuring Reserve$138.0M$122.0M$166.0M$181.0M$172.0M$201.0M
Severance accrual, current—$114.0M$160.0M$175.0M—$171.0M
Restructuring liability – non-current portion—$8.0M$6.0M$6.0M—$30.0M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$3.9B$4.0B$4.0B—$4.4B
Share Repurchase Program, Remaining Authorized, Amount—$9.2B$9.1B$8.9B—$8.1B
Supplier finance program, obligation$7.8B$8.7B$7.7B$8.6B$8.9B$8.8B
Supplier finance program, obligation elected to sell$100.0M——$100.0M$100.0M$100.0M
Tax liability$839.0M$873.0M$755.0M$620.0M$496.0M$523.0M
Employee compensation and benefits$970.0M$642.0M$743.0M$849.0M$965.0M$749.0M
Unrecognized tax benefits—$1.2B$1.2B$1.0B—$889.0M
Amount that if recognized, would affect the effective tax rate or regulatory liability—$873.0M$886.0M$707.0M—$671.0M
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Two—————$799.0M
Unrecorded Unconditional Purchase Obligation—————$2.4B
Purchase commitments, Due in 2027—————$720.0M
Unrecorded Unconditional Purchase Obligation, to be Paid, Remainder of Fiscal Year—————$515.0M
Unrecorded Unconditional Purchase Obligation, To Be Paid, After Year Four—————$3.0M
Purchase Obligation————$1.1B—
Cumulative Restructuring Costs Since Inception—$1.6B$1.7B$1.8B—$1.1B
Unrecorded Unconditional Purchase Obligation—————$720.0M