HPQ » Topics » Deferred Revenue

This excerpt taken from the HPQ 10-Q filed Sep 7, 2007.

Deferred Revenue

        The components of deferred revenue were as follows:

 
  July 31,
2007

  October 31,
2006

 
  In millions

Deferred support contract services revenue   $ 3,835   $ 3,598
Other deferred revenue     3,379     2,461
   
 
  Total deferred revenue     7,214     6,059
Less current portion     4,983     4,309
   
 
Long-term deferred revenue   $ 2,231   $ 1,750
   
 

        Deferred support contract services revenue represents amounts received or billed in advance primarily for fixed-price support or maintenance contracts related mainly to commercial products. These services include stand-alone product support packages, routine maintenance service contracts, upgrades or extensions to standard product warranty, as well as high availability services for complex, global, networked, multi-vendor environments. HP defers these service amounts at the time HP bills the customer, and HP then recognizes the amounts ratably over the contract life or as HP renders the services.

        Other deferred revenue represents amounts received or billed in advance for contracts related primarily to software customer support contracts, consumer support contracts, outsourcing services start-up or transition work, consulting and integration projects, product sales, and minor amounts for training.

20



This excerpt taken from the HPQ 10-Q filed Jun 8, 2007.

Deferred Revenue

        The components of deferred revenue were as follows:

 
  April 30,
2007

  October 31,
2006

 
  In millions

Deferred support contract services revenue   $ 3,793   $ 3,598
Other deferred revenue     3,208     2,461
   
 
  Total deferred revenue     7,001     6,059
Less current portion     4,900     4,309
   
 
Long-term deferred revenue   $ 2,101   $ 1,750
   
 

        Deferred support contract services revenue represents amounts received or billed in advance primarily for fixed-price support or maintenance contracts. These services include stand-alone product support packages, routine maintenance service contracts, upgrades or extensions to standard product warranty, as well as high availability services for complex, global, networked, multi-vendor environments. HP defers these service amounts at the time HP bills the customer, and HP then recognizes the amounts ratably over the contract life or as HP renders the services.

        Other deferred revenue represents amounts received or billed in advance for contracts related primarily to product sales, software customer support contracts, outsourcing services start-up or transition work, consulting and integration projects, and minor amounts for training.

19



This excerpt taken from the HPQ 10-Q filed Mar 9, 2007.

Deferred Revenue

The components of deferred revenue were as follows:

 

 

January 31,
2007

 

October 31,
2006

 

 

 

In millions

 

Deferred support contract services revenue

 

 

$

3,817

 

 

 

$

3,598

 

 

Other deferred revenue

 

 

2,866

 

 

 

2,461

 

 

Total deferred revenue

 

 

6,683

 

 

 

6,059

 

 

Less current portion

 

 

4,750

 

 

 

4,309

 

 

Long-term deferred revenue

 

 

$

1,933

 

 

 

$

1,750

 

 

 

Deferred support contract services revenue represents amounts received or billed in advance primarily for fixed-price support or maintenance contracts. These services include stand-alone product support packages, routine maintenance service contracts, upgrades or extensions to standard product warranty, as well as high availability services for complex, global, networked, multi-vendor environments. These service amounts are deferred at the time the customer is billed and then recognized ratably over the contract life or as the services are rendered.

Other deferred revenue represents amounts received or billed in advance for contracts related primarily to consulting and integration projects, outsourcing services start-up or transition work, product sales and minor amounts for training.

18




HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Condensed Financial Statements (Continued)
(Unaudited)

This excerpt taken from the HPQ 10-K filed Dec 22, 2006.

Deferred Revenue

        The components of deferred revenue were as follows for the following fiscal years ended October 31:

 
  2006
  2005
 
  In millions

Deferred support contract services revenue   $ 3,598   $ 3,188
Other deferred revenue     2,461     1,958
   
 
  Total deferred revenue     6,059     5,146
Less current portion     4,309     3,815
   
 
Long-term deferred revenue   $ 1,750   $ 1,331
   
 

        Deferred support contract services revenue represents amounts received or billed in advance primarily for fixed-price support or maintenance contracts. These services include stand-alone product support packages, routine maintenance service contracts, upgrades or extensions to standard product warranty, as well as high availability services for complex, global, networked, multi-vendor environments. These service amounts are deferred at the time the customer is billed and then recognized ratably over the contract life or as the services are rendered.

        Other deferred revenue represents amounts received or billed in advance for contracts related primarily to consulting and integration projects, managed services start-up or transition work, product sales and minor amounts for training.

This excerpt taken from the HPQ 10-Q filed Sep 11, 2006.

Deferred Revenue

        The components of deferred revenue are as follows:

 
  July 31,
2006

  October 31,
2005

 
  In millions

Deferred support contract services revenue   $ 3,455   $ 3,188
Other deferred revenue     2,371     1,958
   
 
  Total deferred revenue     5,826     5,146
Less current portion     4,212     3,815
   
 
Long-term deferred revenue   $ 1,614   $ 1,331
   
 

        Deferred support contract services revenue represents amounts received or billed in advance primarily for fixed-price support or maintenance contracts. These services include stand-alone product support packages, routine maintenance service contracts, upgrades or extensions to standard product warranty, as well as high availability services for complex, global, networked, multi-vendor environments. These service amounts are deferred at the time the customer is billed and then recognized ratably over the contract life or as the services are rendered.

        Other deferred revenue represents amounts received or billed in advance for contracts related primarily to consulting and integration projects, managed services start-up or transition work, as well as minor amounts for training and product sales.

22



This excerpt taken from the HPQ 10-Q filed Jun 8, 2006.

Deferred Revenue

        The components of deferred revenue are as follows:

 
  April 30,
2006

  October 31,
2005

 
  In millions

Deferred support contract services revenue   $ 3,435   $ 3,188
Other deferred revenue     2,221     1,958
   
 
  Total deferred revenue     5,656     5,146
Less current portion     4,101     3,815
   
 
Long-term deferred revenue   $ 1,555   $ 1,331
   
 

        Deferred support contract services revenue represents amounts received or billed in advance primarily for fixed-price support or maintenance contracts. These services include stand-alone product support packages, routine maintenance service contracts, upgrades or extensions to standard product warranty, as well as high availability services for complex, global, networked, multi-vendor environments. These service amounts are deferred at the time the customer is billed and then recognized ratably over the contract life or as the services are rendered.

        Other deferred revenue represents amounts received or billed in advance for contracts related primarily to consulting and integration projects, managed services start-up or transition work, as well as minor amounts for training and product sales.

This excerpt taken from the HPQ 10-Q filed Mar 10, 2006.

Deferred Revenue

        The components of deferred revenue are as follows:

 
  January 31,
2006

  October 31,
2005

 
  In millions

Deferred support contract services revenue   $ 3,214   $ 3,188
Other deferred revenue     2,129     1,958
   
 
  Total deferred revenue     5,343     5,146
Less current portion     3,824     3,815
   
 
Long-term deferred revenue   $ 1,519   $ 1,331
   
 

        Deferred support contract services revenue represents amounts received or billed in advance primarily for fixed-price support or maintenance contracts. These services include stand-alone product support packages, routine maintenance service contracts, upgrades or extensions to standard product warranty, as well as high availability services for complex, global, networked, multi-vendor environments. These service amounts are deferred at the time the customer is billed and then recognized ratably over the contract life or as the services are rendered.

        Other deferred revenue represents amounts received or billed in advance for contracts related primarily to consulting and integration projects, managed services start-up or transition work, as well as minor amounts for training and product sales.

19


This excerpt taken from the HPQ 10-K filed Dec 21, 2005.

Deferred Revenue

        The components of deferred revenue were as follows for the following fiscal years ended October 31:

 
  2005
  2004
 
  In millions

Deferred support contract services revenue   $ 3,188   $ 2,780
Other deferred revenue     1,958     1,568
   
 
  Total deferred revenue     5,146     4,348
Less current portion     3,815     2,958
   
 
Long-term deferred revenue   $ 1,331   $ 1,390
   
 

        Deferred support contract services revenue represents amounts received or billed in advance primarily for fixed-price support or maintenance contracts. These services include stand-alone product support packages, routine maintenance service contracts, upgrades or extensions to standard product warranty, as well as high availability services for complex, global, networked, multi-vendor environments. HP defers these service amounts at the time it bills the customer and then recognizes them ratably over the contract life or as HP renders the services.

        Other deferred revenue represents amounts received or billed in advance for contracts related primarily to consulting and integration projects, managed services start-up or transition work, as well as minor amounts for training, and product sales.

100



This excerpt taken from the HPQ 10-Q filed Sep 8, 2005.

Deferred Revenue

        The components of deferred revenue are as follows:

 
  July 31,
2005

  October 31,
2004

 
  In millions

Deferred support contract services revenue   $ 3,159   $ 2,780
Other deferred revenue     1,732     1,568
   
 
  Total deferred revenue     4,891     4,348
Less current portion     3,615     2,958
   
 
Long-term deferred revenue   $ 1,276   $ 1,390
   
 

        Deferred support contract services revenue represents amounts received or billed in advance primarily for fixed-price support or maintenance contracts. These services include stand-alone product support packages, routine maintenance service contracts, upgrades or extensions to standard product warranty, as well as high availability services for complex, global, networked, multi-vendor environments. These service amounts are deferred at the time the customer is billed and then recognized ratably over the contract life or as the services are rendered.

        Other deferred revenue represents amounts received or billed in advance for contracts related primarily to consulting and integration projects, managed services start-up or transition work, as well as minor amounts for training and product sales.

18


This excerpt taken from the HPQ 10-Q filed Jun 8, 2005.

Deferred Revenue

        The components of deferred revenue are as follows:

 
  April 30,
2005

  October 31,
2004

 
  In millions

Deferred support contract services revenue   $ 3,225   $ 2,780
Other deferred revenue     1,646     1,568
   
 
  Total deferred revenue     4,871     4,348
Less current portion     3,524     2,958
   
 
Long-term deferred revenue   $ 1,347   $ 1,390
   
 

        Deferred support contract services revenue represents amounts received or billed in advance primarily for fixed-price support or maintenance contracts. These services include stand-alone product support packages, routine maintenance service contracts, upgrades or extensions to standard product warranty, as well as high availability services for complex, global, networked, multi-vendor environments. These service amounts are deferred at the time the customer is billed and then recognized ratably over the contract life or as the services are rendered.

        Other deferred revenue represents amounts received or billed in advance for contracts related primarily to consulting and integration projects, managed services start-up or transition work, as well as minor amounts for training, and product sales. HP recognizes the majority of these amounts as revenue based on the proportional performance method.

19



This excerpt taken from the HPQ 10-Q filed Mar 11, 2005.

Deferred Revenue

        The components of deferred revenue are as follows:

 
  January 31,
2005

  October 31,
2004

 
  In millions

Deferred support contract services revenue   $ 2,888   $ 2,780
Other deferred revenue     1,652     1,568
   
 
  Total deferred revenue     4,540     4,348
Less current portion     3,150     2,958
   
 
Long-term deferred revenue   $ 1,390   $ 1,390
   
 

        Deferred support contract services revenue represents amounts received or billed in advance primarily for fixed-price support or maintenance contracts. These services include stand-alone product support packages, routine maintenance service contracts, upgrades or extensions to standard product warranty, as well as high availability services for complex, global, networked, multi-vendor environments. These service amounts are deferred at the time the customer is billed and then recognized ratably over the contract life or as the services are rendered.

        Other deferred revenue represents amounts received or billed in advance for contracts related primarily to consulting and integration projects, managed services start-up or transition work, as well as minor amounts for training, and product sales. HP recognizes the majority of these amounts as revenue based on the proportional performance method.

17



This excerpt taken from the HPQ 10-K filed Jan 14, 2005.

Deferred Revenue

        The components of deferred revenue were as follows at October 31:

 
  2004
  2003
 
  In millions

Deferred support contract services revenue   $ 2,780   $ 2,535
Other deferred revenue     1,568     1,130
   
 
  Total deferred revenue     4,348     3,665
Less current portion     2,958     2,496
   
 
Long-term deferred revenue   $ 1,390   $ 1,169
   
 

        Deferred support contract services revenue represents amounts received or billed in advance primarily for fixed-price support or maintenance contracts. These services include stand-alone product support packages, routine maintenance service contracts, upgrades or extensions to standard product warranty, as well as high availability services for complex, global, networked, multi-vendor environments. These service amounts are deferred at the time the customer is billed and then recognized ratably over the contract life or as the services are rendered.

        Other deferred revenue represents amounts received or billed in advance for contracts related primarily to consulting and integration projects, managed services start-up or transition work, as well as minor amounts for training, and product sales. HP recognizes the majority of these amounts as revenue based on the proportional performance method.

118


RELATED TOPICS for HPQ:

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki