HPE Files Q2 2024 10-Q Report

TL;DR

HPE's Q2 2024 10-Q is in. Check financials.

AI Summary

Hewlett Packard Enterprise Co. filed its 10-Q for the period ending April 30, 2024. The filing covers the second quarter and first six months of their fiscal year. Specific financial details and operational updates are provided within the report.

Why It Matters

This filing provides investors with a detailed look at Hewlett Packard Enterprise's financial performance and position as of April 30, 2024, crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: medium — 10-Q filings inherently carry medium risk due to the detailed financial data and potential for market-moving information.

Key Numbers

• 20240430 — Fiscal Period End Date (Indicates the end of the reporting period for this 10-Q.)
• 20240605 — Filing Date (The date this 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Hewlett Packard Enterprise Co (company) — Filer
• 20240430 (date) — Period of Report
• 20240605 (date) — Filing Date
• 1701 E MOSSY OAKS ROAD (address) — Business Address
• SPRING (city) — Business Address City
• TX (state) — Business Address State
• 77389 (zip_code) — Business Address Zip

FAQ

Key Financial Figures

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

Filing Documents

• hpe-20240430.htm (10-Q) — 2639KB
• ex-311x4302024.htm (EX-31.1) — 9KB
• ex-312x4302024.htm (EX-31.2) — 10KB
• ex-32x4302024.htm (EX-32) — 8KB
• 0001645590-24-000098.txt ( ) — 12560KB
• hpe-20240430.xsd (EX-101.SCH) — 71KB
• hpe-20240430_cal.xml (EX-101.CAL) — 126KB
• hpe-20240430_def.xml (EX-101.DEF) — 336KB
• hpe-20240430_lab.xml (EX-101.LAB) — 873KB
• hpe-20240430_pre.xml (EX-101.PRE) — 608KB
• hpe-20240430_htm.xml (XML) — 2376KB

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 37 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 59 Item 4.

Controls and Procedures

Controls and Procedures 59 Part II. Other Information Item 1.

Legal Proceedings

Legal Proceedings 59 Item 1A.

Risk Factors

Risk Factors 59 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 60 Item 5. Other Information 61 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 and six months ended April 3 0 , 2024 and 2023 (Unaudited) 6 Condensed Consolidated Statements of Comprehensive Income for the three and six months ended April 3 0 , 2024 and 2023 (Unaudited) 7 Condensed Consolidated Balance Sheets as of April 3 0 , 2024 (Unaudited) and October 31, 2023 (Audited) 8 Condensed Consolidated Statements of Cash Flows for the six months ended April 3 0 , 2024 and 2023 (Unaudited) 9 Condensed Consolidated Statements of Stockholders' Equity for the three and six months ended April 3 0 , 2024 and 2023 (Unaudited) 10 Notes to Condensed Consolidated Financial Statements (Unaudited) 12 Note 1: Overview and Summary of Significant Accounting Policies 12 Note 2: Segment Information 13 Note 3: Transformation Programs 16 Note 4: Retirement Benefit Plans 18 Note 5: Taxes on Earnings 18 Note 6: Balance Sheet Details 19 Note 7: Accounting for Leases as a Lessor 22 Note 8: Acquisitions 24 Note 9: Goodwill 25 Note 10: Fair Value 25 Note 11: Financial Instruments 27 Note 12: Borrowings 30 Note 13: Stockholders' Equity 31 Note 14: Net Earnings Per Share 32 Note 15: Litigation, Contingencies, and Commitments 33 Note 16: Equity Method Investments 36 Note 17: Subsequent Events 36 5 Table of Content HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES Condensed Consolidated Statements of Earnings (Unaudited) For the three months ended April 30, For the six months ended April 30, 2024 2023 2024 2023 In millions, except per share amounts Net Revenue: Products $ 4,324 $ 4,242 $ 8,280 $ 9,356 Services 2,718 2,601 5,361 5,173 Financing income 162 130 318 253 Total net revenue 7,204 6,973 13,959 14,782 Costs and Expenses: Cost of products 3,017 2,738 5,560 6,198 Cost of services 1,688 1,633 3,324 3,246 Financing cost 123 90 242 168 Research and development 590 570 1,172 1,193

View Full Filing

View this 10-Q filing on SEC EDGAR