HPE Files 2024 Annual Report

TL;DR

HPE dropped its 2024 10-K. Full financials and biz ops detailed.

AI Summary

Hewlett Packard Enterprise Co. (HPE) filed its 10-K for the fiscal year ending October 31, 2024. The company, headquartered in Spring, Texas, reported its financial performance and business operations. Key financial data and operational details are disclosed in this comprehensive annual filing.

Why It Matters

This filing provides investors and stakeholders with a detailed overview of HPE's financial health, strategic direction, and potential risks for the fiscal year 2024.

Risk Assessment

Risk Level: medium — 10-K filings inherently carry medium risk due to the comprehensive nature of financial and operational disclosures, which can reveal both strengths and weaknesses.

Key Numbers

• FY 2024 — Fiscal Year (Reporting period for the 10-K)

Key Players & Entities

• Hewlett Packard Enterprise Co (company) — Filer of the 10-K
• 20241031 (date) — Fiscal year end date
• 1701 E MOSSY OAKS ROAD (address) — Company business and mailing address
• SPRING (location) — City of company headquarters
• TX (location) — State of company headquarters
• 77389 (zip_code) — Zip code of company headquarters

FAQ

Key Financial Figures

• $0.01 — ich registered Common stock, par value $0.01 per share HPE New York Stock Exchange

Filing Documents

• hpe-20241031.htm (10-K) — 4360KB
• ex-38xcorrectedcertificate.htm (EX-3.8) — 527KB
• ex-418xdescriptionofsecuri.htm (EX-4.18) — 408KB
• ex-19xhpeinsidertradingpol.htm (EX-19) — 56KB
• ex-21x10312024.htm (EX-21) — 25KB
• ex-231x10312024.htm (EX-23.1) — 12KB
• ex-311x10312024.htm (EX-31.1) — 9KB
• ex-312x10312024.htm (EX-31.2) — 10KB
• ex-32x10312024.htm (EX-32) — 8KB
• hpe-20241031_g1.jpg (GRAPHIC) — 116KB
• image_0.jpg (GRAPHIC) — 19KB
• 0001645590-24-000139.txt ( ) — 25495KB
• hpe-20241031.xsd (EX-101.SCH) — 137KB
• hpe-20241031_cal.xml (EX-101.CAL) — 235KB
• hpe-20241031_def.xml (EX-101.DEF) — 805KB
• hpe-20241031_lab.xml (EX-101.LAB) — 1669KB
• hpe-20241031_pre.xml (EX-101.PRE) — 1244KB
• hpe-20241031_htm.xml (XML) — 4779KB

Business

Business 2 Item 1A.

Risk Factors

Risk Factors 16 Item 1B. Unresolved Staff Comments 36 Item 1C. Cybersecurity 36 Item 2.

Properties

Properties 37 Item 3.

Legal Proceedings

Legal Proceedings 38 Item 4. Mine Safety Disclosures 38 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 39 Item 6. [Reserved] 40 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 41 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 66 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 67 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 139 Item 9A.

Controls and Procedures

Controls and Procedures 139 Item 9B. Other Information 139 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 140 PART III Item 10. Directors, Executive Officers and Corporate Governance 141 Item 11.

Executive Compensation

Executive Compensation 141 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 141 Item 13. Certain Relationships and Related Transactions, and Director Independence 142 Item 14. Principal Accounting Fees and Services 142 PART IV Item 15. Exhibits and Financial Statement Schedules 143 Item 16. Form 10-K Summary 149

Signatures

Signatures 150 Table of Conte n t

Forward-Looking Statements

Forward-Looking Statements This Annual Report on Form 10-K, including "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Item 7, contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties, and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of Hewlett Packard Enterprise Company and its consolidated subsidiaries ("Hewlett Packard Enterprise") may differ materially from those expressed or implied by such forward-looking statements and assumptions. The words "believe," "expect," "anticipate," "intend," "will," "estimates," "may," "likely," "could," "should" and similar expressions are intended to identify such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to any anticipated financial or operational benefits associated with the segment realignment that became effective as of the beginning of the first quarter of fiscal 2024; any projections, estimations or expectations of addressable markets and their sizes, revenue (including annualized revenue run-rate), margins, expenses (including stock-based compensation expenses), investments, effective tax rates, interest rates, the impact of tax law changes and related guidance and regulations, net earnings, net earnings per share, cash flows, liquidity and capital resources, inventory, goodwill, impairment charges, hedges and derivatives and related offsets, order backlog, benefit plan funding, deferred tax assets, share repurchases, currency exchange rates, repayments of debts including our asset-backed debt securities, or other financial items; recent amendments to accounting guidance and any potential impacts on our financial reporting therefrom; any projections or estimatio

Business

ITEM 1. Business We are a global technology leader focused on developing intelligent solutions that allow customers to capture, analyze and act upon data seamlessly from edge to cloud. We enable customers to accelerate business outcomes by driving new business models, creating new customer and employee experiences, and increasing operational efficiency today and into the future. Our customers range from small-and-medium-sized businesses to large global enterprises and governmental entities. Our legacy dates back to a partnership founded in 1939 by William R. Hewlett and David Packard, and we strive every day to uphold and enhance that legacy through our dedication to providing innovative technological solutions to our customers. We use the terms "Hewlett Packard Enterprise," "HPE," "the Company," "we," "us," and "our" to refer to Hewlett Packard Enterprise Company. Our Strategy Over the last several years, new megatrends around edge, cloud, data, and artificial intelligence ("AI") have emerged to shape customer expectations for enterprise technology. First, data at the edge is increasing exponentially, driven by the proliferation of devices that require secure connectivity to enable reliable digital experiences. Second, enterprises need a cloud experience everywhere to manage data and workloads wherever they live across a distributed enterprise. Third, data growth is creating countless new opportunities to generate meaningful business insights. Finally, HPE is seeing a significant technology shift as customers realize the fundamental potential of AI technology to deliver business transformation. In concert with these trends, enterprises are consuming their technology differently. Increasingly, customers want to digitally transform while preserving capital and eliminating operating expense by paying only for the information technology ("IT") they use. The megatrends are ushering in long-lasting changes to IT, including accelerating hybrid multi-cloud adoption.

View Full Filing

View this 10-K filing on SEC EDGAR