01—Abstract
Summary
Summary of the 10-K/A filed February 5, 2010. Cited figures are marked; the original filing is the authoritative source.
This Form 10-K/A (Amendment No. 1) from Hewlett-Packard Company, now HP Inc., amends the company's Annual Report for the fiscal year ended October 31, 2009, which was filed with the SEC on December 17, 2009.
The amendment's sole purpose is to furnish Schedule II, "Valuation and Qualifying Accounts," in interactive data (XBRL) format. The schedule had been inadvertently omitted from the interactive data submission made with the original Form 10-K. The amendment is signed by Catherine A.
Lesjak, Executive Vice President and Chief Financial Officer, and is dated February 5, 2010. The filing states that no other changes have been made to the original Form 10-K. It speaks as of the original filing date and does not reflect later events or modify or update any disclosures in the original report.
Its only financial data points are the aggregate market value of common stock held by non-affiliates, $85,982,273,000a based on the April 30, 2009 last sale price, and 2,364,168,918 shares outstanding as of November 30, 2009. The company checked the boxes for large accelerated filer and well-known seasoned issuer.
The Schedule II figures themselves are carried in the XBRL exhibits listed in the Exhibit Index (101.INS, 101.SCH, 101.CAL, 101.DEF, 101.LAB and 101.PRE), which are furnished with the filing and are not deemed "filed" for purposes of Section 18 of the Exchange Act. Investors seeking the substance of the company's financial results should refer to the original Form 10-K filed December 17, 2009.
02—Key points
Key Highlights
- Form 10-K/A (Amendment No. 1) amending the annual report for the fiscal year ended October 31, 2009, originally filed December 17, 2009
- Sole purpose: to furnish Schedule II, "Valuation and Qualifying Accounts," in interactive data (XBRL) format, which was inadvertently omitted from the original submission
- No other changes to the original Form 10-K; the amendment speaks as of the original filing date and does not update any disclosures
- Aggregate market value of common stock held by non-affiliates was $85,982,273,000 based on the April 30, 2009 last sale price
- 2,364,168,918 shares of common stock outstanding as of November 30, 2009
- Registrant is a Delaware corporation headquartered in Palo Alto, California, with common stock listed on the New York Stock Exchange; it checked the boxes for large accelerated filer and well-known seasoned issuer
- Signed by Catherine A. Lesjak, Executive Vice President and Chief Financial Officer, on February 5, 2010
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2009, HP kept $0.07.
- Revenue$114.55B100.0%
- Cost of revenue−$56.50B49.3%
- Gross profit$58.05B50.7%
- Operating costs−$47.91B41.8%
- Operating income$10.14B8.8%
- Interest, other & tax−$2.48B2.2%
- Net income$7.66B6.7%
Where FY2009 revenue went
$114.55B- Cost of revenue: $56.50B, 49% of revenue
- Other operating costs: $33.45B, 29% of revenue
- Net income: $7.66B, 6.7% of revenue
- R&D: $2.82B, 2.5% of revenue
- SG&A: $11.65B, 10% of revenue
- Interest, other & tax: $2.48B, 2.2% of revenue
Kept 6.7% as net incomeNet income $7.66B · 6.7%
Full revenue history →04—Financials
Financial Highlights
Figures from 10-K/AFY2009filed February 5, 2010Financial Statements
FY2009 against FY2008
| Line item | FY2009FY2008 | Change |
|---|---|---|
| Revenue | $114.55B$118.36B | −3.2% |
| Cost of Revenue | $56.50B$69.34B | −18.5% |
| Gross Profit | $58.05B$49.02B | +18.4% |
| R&D Expenses | $2.82B$3.54B | −20.4% |
| SG&A Expenses | $11.65B$13.33B | −12.6% |
| Operating Expenses | $104.42B$107.89B | −3.2% |
| Operating Income | $10.14B$10.47B | −3.2% |
| Interest Expense | $597.00M$467.00M | +27.8% |
| Net Income | $7.66B$8.34B | −8.1% |
| EPS (Basic) | $3.21$3.35 | −4.2% |
| EPS (Diluted) | $3.14$3.25 | −3.4% |
| Shares Outstanding (Basic) | 2.39B2.48B | −3.8% |
| Shares Outstanding (Diluted) | 2.44B2.57B | −5.1% |
05—Questions
Frequently Asked Questions
Why was this amendment filed?
The filing states that it was made for the sole purpose of furnishing Schedule II, "Valuation and Qualifying Accounts," in interactive data format. That schedule was inadvertently omitted from the interactive data submission furnished with the original Form 10-K filed December 17, 2009.
Does this amendment change any financial disclosures in the original 10-K?
No. The filing states that no other changes have been made to the Form 10-K, that it speaks as of the original filing date, and that it does not reflect subsequent events or modify or update any disclosures made in the original report.
What is the fiscal period covered by this filing?
The annual report covers the fiscal year ended October 31, 2009.
Where are the Schedule II figures located?
The schedule is furnished in XBRL format through the exhibits listed in the Exhibit Index, including the XBRL Instance Document (101.INS) and the related taxonomy, calculation, definition, label and presentation linkbase documents. Under Rule 406T of Regulation S-T, these exhibits are not deemed "filed" for purposes of Section 18 of the Exchange Act.
What was the market value of the company's stock held by non-affiliates?
The filing states that the aggregate market value of common stock held by non-affiliates was $85,982,273,000, based on the last sale price on April 30, 2009.
06—Continue