HP(US:HPQ)2025-12-10 22:22Financial Position - As of October 31, 2025, HP's cash and cash equivalents were $3.69 billion, a decrease from $3.74 billion in 2024[222] - Total debt as of October 31, 2025, was $9.67 billion, with short-term debt at $0.85 billion and long-term debt at $8.82 billion[232] - The weighted-average interest rate on HP's debt increased slightly to 4.6% in 2025 from 4.5% in 2024[232] - As of October 31, 2025, total contractual obligations amount to $14.97 billion, with $2.24 billion due in the short term and $12.73 billion in the long term[241] - Principal payments on debt total $9.69 billion, with $831 million due in the short term and $8.86 billion in the long term[241] - Interest payments on debt are projected at $2.78 billion, with $406 million due in the short term and $2.37 billion in the long term[241] - Purchase obligations are estimated at $1.09 billion, with $509 million due in the short term and $576 million in the long term[241] - Operating lease obligations total $1.39 billion, with $474 million due in the short term and $913 million in the long term[241] Cash Flow - Net cash provided by operating activities for fiscal year 2025 was $3.70 billion, down from $3.75 billion in 2024[222] - Net cash used in investing activities increased to $1.18 billion in 2025, primarily due to higher investments in property and equipment[229] - The cash conversion cycle improved to (38) days in 2025 from (42) days in 2024, driven by changes in accounts receivable and inventory management[224] Shareholder Returns - HP returned $1.9 billion to shareholders in fiscal year 2025, including $1.1 billion in cash dividends and $0.8 billion in share repurchases[231] - The company has approximately $8.4 billion remaining under share repurchase authorizations as of October 31, 2025[231] Liquidity and Financing - HP's liquidity is supported by a $5.0 billion sustainability-linked revolving credit facility maturing in 2029[236] - Third-party short-term financing arrangements are in place to support working capital requirements for certain customers[247] Future Obligations and Plans - The company expects to contribute approximately $43 million to non-U.S. pension plans and $31 million to U.S. non-qualified pension plan participants in fiscal year 2026[242] - Future cash payments related to approved restructuring plans are expected to be around $0.2 billion in fiscal year 2026[243] - Recorded liabilities for uncertain tax positions amount to approximately $797 million, including related interest and penalties[244] - The company has not engaged in off-balance sheet arrangements that would create material relationships with unconsolidated entities[246] Strategic Initiatives - HP's Fiscal 2023 Plan aims to drive growth through investments in product mix and structural cost savings[12]