惠普公司HP Inc. (HPQ) 2013年年度报告「NYSE」.pdf

1、2013 Annual ReportMeg WhitmanPresident and CEOWe want to be a company known for its ethical leadership a company where employees are proud to work;a company with which customers,business partners,and suppliers want to do business.Year in Review?n?scal?,we focused on impro?in?our operations,dri?in?be

2、tter cash?ow and rebuildin?our balance sheet.?hese foundational impro?ements were essential to mo?in?P forward,and?m pleased with the results we deli?ered.?or the full year,we?enerated?.?billion in cash?ow from operations,well abo?e our outlook as we entered the year.We deli?ered non?P diluted net e

3、arnin?s per share in?scal?within our initial outlook ran?e.We also achie?ed a ma?or milestonereducin?operatin?company net debt to appro?imately?eroahead of schedule.?ince the be?innin?of?scal?,we ha?e reduced?P?s total net debt by?.?billion.?n?scal?,we ad?anced inno?ation,with research and de?elopme

4、nt spendin?of?.?billion.We also returned a combined?.?billion to stockholders in the form of share repurchases and di?idends.?ookin?ahead,we e?pect our stren?thened financial position to afford us e?en more?e?ibility to return capital to stockholders and make the in?estments needed to support our bu

5、siness.$11.6Bin cash?ow from operations for?scal?1Dear Stockholders,?1?1?1?When?arri?ed at?P,we had a cost structure that was out of line with the re?enue tra?ectory of the business.?o address this,we better ali?ned our cost structure and the o?erall competiti?eness of the company,while continuin?to

6、 in?est in strate?ic?rowth se?ments.Our?ay?restructurin?plan dro?e o?er?billion in labor sa?in?s in?scal?,and non?labor actions also continue to dri?e si?ni?cant cost reductions.With new leadership in our Enterprise?roup and Printin?and Personal?ystems business,coupled with clear?o?forward strate?ie