HP(US:HPQ)2025-02-27 23:38Financial Position - As of January 31, 2025, HP's cash and cash equivalents were $2.88 billion, a decrease from $3.24 billion on October 31, 2024[205]. - Total debt as of January 31, 2025, was $9.69 billion, slightly up from $9.67 billion on October 31, 2024[205]. - As of January 31, 2025, the company has approximately $1.1 billion in recorded liabilities related to uncertain tax positions[225]. - The weighted-average interest rate on HP's debt remained stable at 4.5% as of January 31, 2025[218]. Cash Flow and Operating Activities - Net cash provided by operating activities for the three months ended January 31, 2025, was $374 million, an increase of $253 million compared to $121 million in the same period of fiscal year 2024[206]. - The cash conversion cycle improved to (39) days as of January 31, 2025, from (42) days on October 31, 2024, reflecting a favorable cash conversion cycle[208]. - Net cash used in investing activities increased to $300 million for the three months ended January 31, 2025, compared to $228 million in the same period of fiscal year 2024[213]. Shareholder Returns - During the three months ended January 31, 2025, HP returned $400 million to shareholders, including $300 million in cash dividends and $100 million in share repurchases[216]. - HP had approximately $9.2 billion remaining under share repurchase authorizations as of January 31, 2025[216]. Future Financial Commitments - HP anticipates making contributions of approximately $28 million to non-U.S. pension plans and $23 million to U.S. non-qualified pension plan participants for the remainder of fiscal year 2025[223]. - The company expects to make future cash payments of approximately $400 million in fiscal year 2025 as part of its approved restructuring plans[224]. Risk Management and Partnerships - The company has not engaged in transactions that create material relationships with unconsolidated entities or financial partnerships for off-balance sheet arrangements[226]. - The company utilizes third-party arrangements for cash and liquidity management, providing liquidity to partners for working capital needs[227]. - There has been no material change in the company's exposure to market risk since October 31, 2024[229].