Sales, net income and earnings per share have expanded 8.9%, 13% and 18%, respectively, over the past 12 months. HP posted an operating margin of 8% and a net profit margin of 8% for its recently reported fiscal first quarter. HP achieved $126 billion of sales during its fiscal 2010 and generated $11 billion of pre-tax income. It was taxed at an effective rate of just 20%, incurring $484 million of U.S. federal tax expenses and $231 million deferred. It had $1.3 billion of current international taxes and $21 million deferred. HP's effective rate widened from 19% in 2009.
10 Companies Paying the Least in Taxes
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