HPQ » Topics » Financing Originations

This excerpt taken from the HPQ 10-Q filed Mar 11, 2010.

Financing Originations

 
  Three months ended
January 31
 
 
  2010   2009  
 
  In millions
 

Total financing originations

  $ 1,403   $ 1,078  

        New financing originations, which represent the amounts of financing provided to customers for equipment and related software and services and include intercompany activity, increased 30% in the first quarter of fiscal 2010 compared to the same period in fiscal 2009. The increase was driven by higher financing associated with HP product sales resulting from improved integration and engagement with HP's sales efforts and a favorable currency impact.

This excerpt taken from the HPQ 10-K filed Dec 17, 2009.

Financing Originations

 
  For the fiscal years ended October 31  
 
  2009   2008   2007  
 
  In millions
 

Total financing originations

  $ 5,210   $ 4,872   $ 4,441  

        New financing originations, which represent the amounts of financing provided to customers for equipment and related software and services and include intercompany activity, increased 6.9% in fiscal 2009 from fiscal 2008 and 9.7% in fiscal 2008 from fiscal 2007. The increases reflect higher financing associated with HP product sales and services offerings resulting from improved integration and engagement with HP's sales efforts offset by unfavorable currency impact.

This excerpt taken from the HPQ 10-Q filed Jun 5, 2009.

Financing Originations

 
  Three months ended
April 30
  Six months ended
April 30
 
 
  2009   2008   2009   2008  
 
  In millions
 

Total financing originations

  $ 1,205   $ 1,126   $ 2,283   $ 2,182  

        New financing originations, which represent the amounts of financing provided to customers for equipment and related software and services and includes intercompany activity, increased 7.0% in the second quarter of fiscal 2009 compared to the same period in fiscal 2008. The increase was driven by higher financing associated with HP product sales resulting from improved integration and engagement with HP's sales efforts offset by an unfavorable currency impact.

This excerpt taken from the HPQ 10-Q filed Mar 10, 2009.

Financing Originations

 
  Three months ended
January 31
 
 
  2009   2008  
 
  In millions
 

Total financing originations

  $ 1,078   $ 1,056  

        New financing originations, which represent the amounts of financing provided to customers for equipment and related software and services and includes intercompany activity, increased 2.1% in the first quarter of fiscal 2009 compared to the same period in fiscal 2008. The increase was driven by higher financing associated with HP product sales resulting from improved integration and engagement with HP's sales efforts offset by an unfavorable currency impact.

These excerpts taken from the HPQ 10-K filed Dec 18, 2008.

Financing Originations

 
  For the fiscal years ended October 31  
 
  2008   2007   2006  
 
  In millions
 

Total financing originations

  $ 4,872   $ 4,441   $ 3,994  

        New financing originations, which represent the amounts of financing provided to customers for equipment and related software and services, and include intercompany activity, increased 9.7% in fiscal 2008 from fiscal 2007 and 11.2% in fiscal 2007 from fiscal 2006. The increases reflect higher financing associated with HP product sales resulting from improved integration and engagement with HP's sales efforts and a favorable currency impact.

Financing Originations






















































 
 For the fiscal years ended October 31  
 
 2008  2007  2006  
 
 In millions
 

Total financing originations

 $4,872 $4,441 $3,994 




        New
financing originations, which represent the amounts of financing provided to customers for equipment and related software and services, and include intercompany activity, increased
9.7% in fiscal 2008 from fiscal 2007 and 11.2% in fiscal 2007 from fiscal 2006. The increases reflect higher financing associated with HP product sales resulting from improved integration and
engagement with HP's sales efforts and a favorable currency impact.



This excerpt taken from the HPQ 10-Q filed Sep 5, 2008.

Financing Originations

 
  Three months ended
July 31
  Nine months ended
July 31
 
 
  2008   2007   2008   2007  
 
  In millions
 

Total financing originations

  $ 1,241   $ 1,075   $ 3,423   $ 3,058  

        New financing originations, which represent the amounts of financing provided to customers for equipment and related software and services and include intercompany activity, increased 15% and 12% in the third quarter and first nine months of fiscal 2008, respectively, compared to the same period in fiscal 2007. The increase was driven by higher financing associated with HP product sales and a favorable currency impact.

This excerpt taken from the HPQ 10-Q filed Jun 6, 2008.

Financing Originations

 
  Three months ended
April 30

  Six months ended
April 30

 
  2008
  2007
  2008
  2007
 
  In millions
Total financing originations   $ 1,126   $ 975   $ 2,182   $ 1,983

        New financing originations, which represent the amounts of financing provided to customers for equipment and related software and services and include intercompany activity, increased 15% and 10% in the second quarter and first six months of fiscal 2008, respectively, compared to the same period in fiscal 2007. The increase was driven by a favorable currency impact and higher financing associated with HP product sales.

This excerpt taken from the HPQ 10-K filed Dec 18, 2007.

Financing Originations

 
  For the fiscal years ended October 31
 
  2007
  2006
  2005
 
  In millions

Total financing originations   $ 4,441   $ 3,994   $ 4,136

        New financing originations, which represent the amounts of financing provided to customers for equipment and related software and services, and include intercompany activity, increased 11% in fiscal 2007 from fiscal 2006. The increase reflects higher financing associated with HP product sales resulting from improved integration and engagement with HP's sales efforts and a favorable currency impact. Financing originations decreased 3% in fiscal 2006 from fiscal 2005 with the decrease reflecting lower financing associated with HP product sales.

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

Financing Originations

 
  Three months ended July 31
  Nine months ended July 31
 
  2007
  2006
  2007
  2006
 
  In millions

Total financing originations   $ 1,075   $ 1,002   $ 3,058   $ 2,873

        New financing originations, which represent the amounts of financing provided to customers for equipment and related software and services and include intercompany activity, increased 7% and 6% in the third quarter and first nine months, respectively, of fiscal 2007, compared to the same periods in fiscal 2006. The increase was driven by higher financings associated with HP product sales.

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

Financing Originations

 
  Three months ended
April 30

  Six months ended
April 30

 
  2007
  2006
  2007
  2006
 
  In millions

Total financing originations   $ 975   $ 902   $ 1,983   $ 1,871

        New financing originations, which represent the amounts of financing provided to customers for equipment and related software and services and include intercompany activity, increased 8% and 6%, respectively, in the second quarter and first six months of fiscal 2007, compared to the same periods in fiscal 2006. The increase was driven by higher financings associated with HP product sales and a favorable currency impact.

58



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

Financing Originations

 

Three months ended
January 31

 

 

 

2007

 

2006

 

 

 

In millions

 

Total financing originations

 

$

1,008

 

$

969

 

 

New financing originations, which represent the amounts of financing provided to customers for equipment and related software and services and include intercompany activity, increased 4% in the first quarter of fiscal 2007 compared to the same period in fiscal 2006. The increase was driven by higher financing associated with HP product sales and a favorable currency impact.

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

Financing Originations

 
  For the fiscal years ended October 31
 
  2006
  2005
  2004
 
  In millions

Total financing originations   $ 3,994   $ 4,136   $ 3,852

        New financing originations, which represent the amounts of financing provided to customers for equipment and related software and services, and include intercompany activity, decreased 3% in fiscal 2006 from fiscal 2005. The decrease reflects lower financing associated with HP product sales. Financing originations increased 7% in fiscal 2005 from fiscal 2004 due to higher financing of HP product sales and a favorable currency impact.

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

Financing Originations

 
  Three months ended
July 31

  Nine months ended
July 31

 
  2006
  2005
  2006
  2005
 
  In millions

Total financing originations   $ 1,002   $ 912   $ 2,873   $ 3,031

        New financing originations, which include intercompany activity, increased 10% and decreased 5% for the three and nine months ended July 31, 2006, respectively, compared to the same periods in fiscal 2005. The year-to-date decrease reflects lower lease penetration rates of HP product revenues.

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

Financing Originations

 
  Three months ended
April 30

  Six months ended
April 30

 
  2006
  2005
  2006
  2005
 
  In millions

Total financing originations   $ 902   $ 1,043   $ 1,871   $ 2,119

        New financing originations, which include intercompany activity, decreased 14% and 12% for the three and six months ended April 30, 2006, respectively, compared to the same periods in fiscal 2005. The decreases reflect lower lease penetration rates of HP product revenues.

54



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

Financing Originations

 
  Three months ended
January 31

 
  2006
  2005
 
  In millions

Total financing originations   $ 969   $ 1,076

        New financing originations, which include intercompany activity, decreased 10% in the first quarter of fiscal 2006 compared to the same period in fiscal 2005. The decrease resulted from lower financing originations in Asia Pacific and select European countries.

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

Financing Originations

 
  For the fiscal years ended October 31
 
  2005
  2004
  2003
 
  In millions

Total financing originations   $ 4,136   $ 3,852   $ 3,784

        New financing originations, which include intercompany activity, increased 7% in fiscal 2005 from fiscal 2004. The increase resulted from improved integration and engagement with HP's sales and marketing efforts and a favorable currency impact. Originations increased 2% in fiscal 2004 from fiscal 2003 due to higher levels of financing in Asia Pacific and a favorable currency impact, which were offset in part by a lower penetration rate of HP sales.

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

Financing Originations

 
  Three months ended July 31
  Nine months ended July 31
 
  2005
  2004
  2005
  2004
 
  In millions

Total financing originations   $ 912   $ 874   $ 3,031   $ 2,734

        New financing originations, which include intercompany activity, increased 4% and 11% for the three and nine months ended July 31, 2005, respectively, compared to the same periods in fiscal 2004. The increases in both periods resulted from improved integration and engagement with HP's sales and marketing efforts.

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

Financing Originations

 
  Three months ended
April 30

  Six months ended
April 30

 
  2005
  2004
  2005
  2004
 
  In millions

Total financing originations   $ 1,043   $ 1,001   $ 2,119   $ 1,860

        New financing originations including intercompany activity, increased 4% and 14% for the three and six months respectively, ended April 30, 2005, compared to the same periods in fiscal 2004. The increase in both periods resulted from improved integration and engagement with HP's sales and marketing efforts.

54



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

Financing Originations

 
  Three months ended January 31
 
  2005

  2004

 
  In millions

Total financing originations   $ 1,076   $ 859

        New financing originations increased 25% in the first quarter of 2005 compared to the same period in fiscal 2004. The increase resulted from improved integration and engagement with HP's sales and marketing efforts.

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

Financing Originations

 
  For the fiscal years ended October 31
 
  2004
  2003
  2002
 
  In millions

Total financing originations   $ 3,852   $ 3,784   $ 3,490

        New financing originations increased 2% in fiscal 2004 compared to fiscal 2003. The increase resulted from higher levels of financing in Asia Pacific and a favorable currency impact, offset in part by a lower penetration rate of HP sales. Originations increased 8% in fiscal 2003 from fiscal 2002 due to the acquisition of Compaq. The impacts of strengthened credit controls, weakness in the global economy and lower average selling prices of HP products offset in part the increase in originations.

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