HP HPQ Material Reconciling Items — Non Operating Retirement Related Credits

Discontinued — last reported Q2 '16

Similar metrics at other companies

CRSMaterial Reconciling Items — Pension Earnings Interest And Deferrals

$500K-91.1%

CCKMaterial Reconciling Items — Defined Benefit Plan Net Periodic Benefit Cost Credit Excluding Service Cost

-$17M-41.7%

HLIMaterial Reconciling Items — Nonoperating Income Expense

-$5.73M-192%

EQHMaterial Reconciling Items — Other Adjustments To Income

-$90M-529%

GLMaterial Reconciling Items — Nonoperating Income Expense

$0—

BPOPMaterial Reconciling Items — Noninterest Income

——

Other financials

Income statement

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Revenue$14.4B+9.0%

Gross profit$3.0B+10.1%

Operating income$612.0M-6.4%

Net income$450.0M+10.8%

EPS (diluted)$0.49+16.7%

Balance sheet

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Cash & equivalents$3.7B+35.6%

Total debt$11.7B-11.8%

Total equity-$144.0M+88.7%

Total assets$42.9B+10.7%

Cash flow

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Operating cash flow$926.0M+2,337%

CapEx$170.0M-7.1%

Free cash flow$756.0M+621%

Valuation

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Market cap$21.49B-20.1%

Enterprise value$29.5B-21.3%

P/E8.4×-2.3×

P/S0.4×-0.1×

Profitability

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Gross margin20.3%-0.8pp

Operating margin5.3%-1.0pp

Net margin4.4%-0.2pp

FCF margin6.6%+1.7pp

Returns & leverage

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Return on equity-359.6%—

Debt / equity0.4×—

Current ratio0.8×+0.1×

Where this comes from

Reported directly by HP in its filing.

Tagged under the XBRL concept hpq:NonOperatingRetirementRelatedCredits.

The official record: HP’s 10-Q, filed June 3, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does material reconciling items — non operating retirement related credits mean?: Non-operating income generated from retirement benefit plan assets.
How do you interpret material reconciling items — non operating retirement related credits?: Higher credits improve net income but do not reflect improvements in core business productivity.
How does material reconciling items — non operating retirement related credits compare across companies?: Standard for companies with significant legacy retirement benefit obligations.