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In: Accounting

thank you for your assistance with a vertical analysis of statements of earnings Consolidated Statements of...

thank you for your assistance with a vertical analysis of statements of earnings

Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions

12 Months Ended

Oct. 31, 2018

Oct. 31, 2017

Oct. 31, 2016

Net revenue

Net revenue

$ 58,472

$ 52,056

$ 48,238

Costs and expenses:

Cost of revenue

47,803

42,478

39,240

Research and development

1,404

1,190

1,209

Selling, general and administrative

4,859

4,376

3,833

Restructuring and other charges

132

362

205

Acquisition-related charges

123

125

7

Amortization of intangible assets

80

1

16

Defined benefit plan settlement charges

7

5

179

Total costs and expenses

54,408

48,537

44,689

Earnings from continuing operations

4,064

3,519

3,549

Interest and other, net

(1,051)

(243)

212

Earnings from continuing operations before taxes

3,013

3,276

3,761

Benefit from (provision for) taxes

2,314

(750)

(1,095)

Net earnings from continuing operations

5,327

2,526

2,666

Net loss from discontinued operations

0

0

(170)

Net earnings

$ 5,327

$ 2,526

$ 2,496

Basic

Continuing operations (in dollars per share)

$ 3.30

$ 1.50

$ 1.54

Discontinued operations (in dollars per share)

0

0

(0.10)

Total basic net earnings per share (in dollars per share)

3.30

1.50

1.44

Diluted

Continuing operations (in dollars per share)

3.26

1.48

1.53

Discontinued operations (in dollars per share)

0

0

(0.10)

Total diluted net earnings per share (in dollars per share)

$ 3.26

$ 1.48

$ 1.43

Weighted-average shares used to compute net earnings per share:

Basic (in shares)

1,615

1,688

1,730

Diluted (in shares)

1,634

1,702

1,743

Solutions

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