As anticipated, the $8 billion hit it took over the EDS buy severely impacted its bottom line. HP exited the quarter with $9.9 billion in gross money. 0.132 per share in the third quarter resulted in cash utilization of $260 million. HP additionally utilized $365 million of cash during the quarter to repurchase roughly 16.5 million shares of common stock in the open market. Accounts payable ended the quarter at $12.6 billion, down 4 days from the prior-yr interval to 50 days. Third quarter non-GAAP earnings information excludes after-tax costs of $10.Eight billion, or $5.49 per diluted share, associated to the amortization and impairment of bought intangible property, the impairment of goodwill, restructuring costs, acquisition-associated costs and fees regarding the wind-down of sure retail publishing business actions, together with the previously introduced prices related to the impairment of goodwill within HP’s Providers section, the restructuring program announced in Might 2012, and the impairment of the purchased intangible asset associated with the “Compaq” trade name.
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