Hewlett Packard Enterprise Co. Files 10-Q for Period Ending January 31, 2024

TL;DR

<b>Hewlett Packard Enterprise Co. filed its 10-Q, detailing financial performance and balance sheet information for the period ending January 31, 2024.</b>

AI Summary

Hewlett Packard Enterprise Co (HPE-PC) filed a Quarterly Report (10-Q) with the SEC on March 5, 2024. HPE reported financial results for the quarter and nine months ended January 31, 2024. The filing includes detailed financial data for product and service segments. Balance sheet information as of January 31, 2024, October 31, 2023, and October 31, 2022, is provided. Equity components such as common stock, additional paid-in capital, and retained earnings are detailed for multiple periods. Segment revenue data for Server, Hybrid Cloud, and Intelligent Edge is presented for the nine-month period.

Why It Matters

For investors and stakeholders tracking Hewlett Packard Enterprise Co, this filing contains several important signals. This 10-Q provides investors with the latest financial snapshot of HPE, crucial for understanding its performance trends and financial health. The detailed segment reporting allows for an in-depth analysis of which business areas are driving revenue and growth for HPE.

Risk Assessment

Risk Level: medium — Hewlett Packard Enterprise Co shows moderate risk based on this filing. The filing is a standard quarterly report, but the complexity of financial data and segment reporting requires careful analysis to identify potential risks or opportunities.

Analyst Insight

Monitor future filings for trends in segment performance and changes in equity structure to assess ongoing business strategy and financial stability.

Revenue Breakdown

Key Numbers

• 2024-01-31 — Period End Date (Quarterly Report)
• 2024-03-05 — Filing Date (10-Q Submission)
• 103 — Public Document Count (Filing Metadata)
• 3570 — Standard Industrial Classification (Company Industry)

Key Players & Entities

• Hewlett Packard Enterprise Co (company) — Filer
• 2024-01-31 (date) — Period of Report
• 2024-03-05 (date) — Filing Date
• 1701 E MOSSY OAKS ROAD (address) — Business Address
• SPRING (location) — Business Address City
• TX (location) — Business Address State
• 77389 (postal_code) — Business Address Zip
• DE (location) — State of Incorporation

FAQ

Key Dates

• 2024-01-31: Quarter End — End of the reporting period for the 10-Q.
• 2024-03-05: Filing Date — Date the 10-Q was officially submitted to the SEC.

Key Financial Figures

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

Filing Documents

• hpe-20240131.htm (10-Q) — 2163KB
• ex-311x1312024.htm (EX-31.1) — 9KB
• ex-312x1312024.htm (EX-31.2) — 10KB
• ex-32x1312024.htm (EX-32) — 8KB
• 0001645590-24-000069.txt (&nbsp;) — 11167KB
• hpe-20240131.xsd (EX-101.SCH) — 67KB
• hpe-20240131_cal.xml (EX-101.CAL) — 122KB
• hpe-20240131_def.xml (EX-101.DEF) — 328KB
• hpe-20240131_lab.xml (EX-101.LAB) — 909KB
• hpe-20240131_pre.xml (EX-101.PRE) — 587KB
• hpe-20240131_htm.xml (XML) — 1988KB

Forward-Looking Statements

Forward-Looking Statements 3 Part I. Financial Information Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) 5 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 35 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 54 Item 4.

Controls and Procedures

Controls and Procedures 54 Part II. Other Information Item 1.

Legal Proceedings

Legal Proceedings 54 Item 1A.

Risk Factors

Risk Factors 54 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 61 Item 5. Other Information 62 Item 6. Exhibits 62 Exhibit Index 63 Signature 68 2 Table of Content

Forward-Looking Statements

Forward-Looking Statements This Quarterly Report on Form 10-Q, including "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Item 2 of Part I, 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", "guide", "optimistic", "intend", "aim", "will", "estimates", "may", "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 recent segment realignment; 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 estimations of future orders, including as-a-s

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. Index Page Condensed Consolidated Statements of Earnings for the three months ended January 31, 202 4 and 202 3 (Unaudited) 6 Condensed Consolidated Statements of Comprehensive Income for the three months ended January 31, 202 4 and 202 3 (Unaudited) 7 Condensed Consolidated Balance Sheets as of January 31, 202 4 (Unaudited) and October 31, 202 3 (Audited) 8 Condensed Consolidated Statements of Cash Flows for the three months ended January 31, 202 4 and 202 3 (Unaudited) 9 Condensed Consolidated Statements of Stockholders' Equity for the three months ended January 31, 202 4 and 202 3 (Unaudited) 10 Notes to Condensed Consolidated Financial Statements (Unaudited) 11 Note 1: Overview and Summary of Significant Accounting Policies 11 Note 2: Segment Information 12 Note 3: Transformation Programs 15 Note 4: Retirement Benefit Plans 16 Note 5: Taxes on Earnings 16 Note 6: Balance Sheet Details 18 Note 7: Accounting for Leases as a Lessor 20 Note 8: Acquisitions 22 Note 9: Goodwill 23 Note 10: Fair Value 23 Note 11: Financial Instruments 25 Note 12: Borrowings 28 Note 13: Stockholders' Equity 29 Note 14: Net Earnings Per Share 30 Note 15: Litigation, Contingencies, and Commitments 30 Note 16: Equity Method Investments 34 5 Table of Content HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES Condensed Consolidated Statements of Earnings (Unaudited) For the three months ended January 31, 2024 2023 In millions, except per share amounts Net Revenue: Products $ 3,956 $ 5,114 Services 2,643 2,572 Financing income 156 123 Total net revenue 6,755 7,809 Costs and Expenses: Cost of products 2,543 3,460 Cost of services 1,636 1,613 Financing cost 119 78 Research and development 582 623 Selling, general and administrative 1,216 1,257 Amortization of intangible assets 71 73 Transformation costs 20 102 Disaster charges — 1 Acquisition, disposition and other relat

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View this 10-Q filing on SEC EDGAR