HP INC. (HPQ) FY2026 YTD Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-11-01 to 2026-07-31

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HP INC. cash flow reconciliation, Nov 1, 2025 through Jul 31, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net earnings → Net cash from operating activities: $1,656,000,000.00Accounts payable → Operating adjustments reconciliation: $3,323,000,000.00Depreciation, amortization and impairment → Operating adjustments reconciliation: $722,000,000.00Restructuring and other charges → Operating adjustments reconciliation: $539,000,000.00Stock-based compensation expense → Operating adjustments reconciliation: $389,000,000.00Other assets and liabilities → Operating adjustments reconciliation: $341,000,000.00Other, net → Operating adjustments reconciliation: $126,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $1,388,000,000.00Operating adjustments reconciliation → Inventory: $1,902,000,000.00Operating adjustments reconciliation → Accounts receivable: $1,531,000,000.00Operating adjustments reconciliation → Restructuring and other: $256,000,000.00Operating adjustments reconciliation → Taxes on earnings: $184,000,000.00Operating adjustments reconciliation → Deferred taxes on earnings: $110,000,000.00Operating adjustments reconciliation → Net investment in leases from integrated financing: $69,000,000.00Collateral returned (posted) for derivative instruments → investing reconciliation: $98,000,000.00Maturities and sales of available-for-sale securities and other investments → investing reconciliation: $32,000,000.00Proceeds from business divestitures, net → investing reconciliation: $26,000,000.00investing reconciliation → Investment in property, plant, equipment and purchased intangibles: $590,000,000.00investing reconciliation → Purchases of available-for-sale securities and other investments: $21,000,000.00investing reconciliation → Payments made in connection with business acquisitions, net of cash acquired: $10,000,000.00Net cash used in financing activities → financing reconciliation: $2,123,000,000.00Proceeds from debt, net of issuance costs → financing reconciliation: $291,000,000.00financing reconciliation → Cash dividends paid: $825,000,000.00financing reconciliation → Payment of debt: $770,000,000.00financing reconciliation → Repurchase of common stock: $725,000,000.00financing reconciliation → Stock-based award activities and others: $94,000,000.00Net cash used in investing activities → investing reconciliation: $465,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations → Cash sources and uses: $3,713,000,000.00Net cash from operating activities → Cash sources and uses: $3,044,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $4,169,000,000.00Cash sources and uses → Net cash used in investing activities: $465,000,000.00Cash sources and uses → Net cash used in financing activities: $2,123,000,000.00Net earnings: $1,656,000,000.00Net earnings+$1.66 BDepreciation, amortization and impairment: $722,000,000.00Depreciation & amortization+$722.00 MStock-based compensation expense: $389,000,000.00Stock-based compensation+$389.00 MDeferred taxes on earnings: -$110,000,000.00Deferred income taxes−$110.00 MOther, net: $126,000,000.00Other non-cash items+$126.00 MAccounts receivable: -$1,531,000,000.00Accounts receivable−$1.53 BInventory: -$1,902,000,000.00Inventories−$1.90 BAccounts payable: $3,323,000,000.00Trade payables+$3.32 BTaxes on earnings: -$184,000,000.00Income taxes payable−$184.00 MRestructuring and other: -$256,000,000.00Restructuring reserves, net−$256.00 MOther assets and liabilities: $341,000,000.00Other working capital, net+$341.00 MNet investment in leases from integrated financing: -$69,000,000.00Net investment in leases−$69.00 MRestructuring and other charges: $539,000,000.00Restructuring and other charges+$539.00 MNet cash from operating activities: $3,044,000,000.00Operating cash+$3.04 BOperating adjustments reconciliation: $5,440,000,000.00Proceeds from debt, net of issuance costs: $291,000,000.00Debt issued, net of costs+$291.00 MPayment of debt: -$770,000,000.00Debt repaid−$770.00 MStock-based award activities and others: -$94,000,000.00Stock award activities & other−$94.00 MRepurchase of common stock: -$725,000,000.00Common stock repurchases−$725.00 MCash dividends paid: -$825,000,000.00Common dividends paid−$825.00 MSettlement of cash flow hedges: $0.00Net cash used in financing activities: -$2,123,000,000.00. Cash required to fund net payments.Financing cash−$2.12 Bfinancing reconciliation: $2,414,000,000.00Investment in property, plant, equipment and purchased intangibles: -$590,000,000.00Capital expenditures−$590.00 MPurchases of available-for-sale securities and other investments: -$21,000,000.00Marketable securities purchases−$21.00 MMaturities and sales of available-for-sale securities and other investments: $32,000,000.00Investment sales & maturities+$32.00 MCollateral returned (posted) for derivative instruments: $98,000,000.00Derivative collateral, net+$98.00 MPayments made in connection with business acquisitions, net of cash acquired: -$10,000,000.00Acquisitions, net of cash−$10.00 MProceeds from business divestitures, net: $26,000,000.00Business sales+$26.00 MNet cash used in investing activities: -$465,000,000.00. Cash required to fund net payments.Investing cash−$465.00 Minvesting reconciliation: $621,000,000.00Cash sources and uses: $6,757,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $3,713,000,000.00Beginning cash$3.71 BEnding cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $4,169,000,000.00Ending cash$4.17 BCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$2.45 BOperating cash − cash spent on productive assetsCash flow / Net income1.84×Operating cash flow ÷ net incomeNet cash change+$456.00 MEnding cash − beginning cash
Chart details

HP INC. cash flow reconciliation, Nov 1, 2025 through Jul 31, 2026

Cash flows for Nov 1, 2025 through Jul 31, 2026. Cash basis: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Beginning cash: Oct 31, 2025. Ending cash: Jul 31, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Oct 31, 2025
3,713,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Operating activities
3,044,000,000 US dollars. Net cash provided.
Net earnings
1,656,000,000 US dollars
Depreciation, amortization and impairment
722,000,000 US dollars
Stock-based compensation expense
389,000,000 US dollars
Deferred taxes on earnings
negative 110,000,000 US dollars
Other, net
126,000,000 US dollars
Accounts receivable
negative 1,531,000,000 US dollars
Inventory
negative 1,902,000,000 US dollars
Accounts payable
3,323,000,000 US dollars
Taxes on earnings
negative 184,000,000 US dollars
Restructuring and other
negative 256,000,000 US dollars
Other assets and liabilities
341,000,000 US dollars
Net investment in leases from integrated financing
negative 69,000,000 US dollars
Restructuring and other charges
539,000,000 US dollars
Investing activities
negative 465,000,000 US dollars. Net cash used.
Investment in property, plant, equipment and purchased intangibles
negative 590,000,000 US dollars
Purchases of available-for-sale securities and other investments
negative 21,000,000 US dollars
Maturities and sales of available-for-sale securities and other investments
32,000,000 US dollars
Collateral returned (posted) for derivative instruments
98,000,000 US dollars
Payments made in connection with business acquisitions, net of cash acquired
negative 10,000,000 US dollars
Proceeds from business divestitures, net
26,000,000 US dollars
Financing activities
negative 2,123,000,000 US dollars. Net cash used.
Proceeds from debt, net of issuance costs
291,000,000 US dollars
Payment of debt
negative 770,000,000 US dollars
Stock-based award activities and others
negative 94,000,000 US dollars
Repurchase of common stock
negative 725,000,000 US dollars
Cash dividends paid
negative 825,000,000 US dollars
Settlement of cash flow hedges
0 US dollars
Operating adjustment reconciliation
5,440,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
2,414,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
621,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jul 31, 2026
4,169,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Cash sources and uses
6,757,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
456,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.84×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
3,044,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
590,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
2,454,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $1.39B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash spent on productive assets equals free cash flow: 3,044,000,000 US dollars minus 590,000,000 US dollars equals 2,454,000,000 US dollars.
HP INC. (HPQ) FY2026 YTD Q3 Statement of Cash Flows Sankey chart
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