HPE Files Q3 2024 10-Q Report

TL;DR

HPE's Q3 2024 10-Q is in. Check financials.

AI Summary

Hewlett Packard Enterprise Co. (HPE) filed its 10-Q for the period ending July 31, 2024. The filing covers the third quarter of their fiscal year. Specific financial details and operational updates for this period are detailed within the report.

Why It Matters

This filing provides investors with the latest financial performance and operational insights for Hewlett Packard Enterprise, crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: medium — 10-Q filings are standard financial reports, but the specific content can reveal risks or opportunities impacting the company's stock.

Key Players & Entities

• Hewlett Packard Enterprise Co (company) — Filer of the 10-Q report
• 20240731 (date) — End of the reporting period
• 20240905 (date) — Filing date of the report
• 1701 E MOSSY OAKS ROAD (address) — Company's business and mailing address
• SPRING (location) — City of the company's address
• TX (location) — State of the company's address
• 77389 (zip_code) — Zip code of the company's address

FAQ

Key Financial Figures

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

Filing Documents

• hpe-20240731.htm (10-Q) — 2670KB
• ex-1037xamendedandrestated.htm (EX-10.37) — 284KB
• ex-1038xagreementonsubsequ.htm (EX-10.38) — 320KB
• ex-1039xcreditagreementame.htm (EX-10.39) — 860KB
• ex-311x7312024.htm (EX-31.1) — 9KB
• ex-312x7312024.htm (EX-31.2) — 10KB
• ex-32x7312024.htm (EX-32) — 8KB
• image_0.jpg (GRAPHIC) — 10KB
• image_01.jpg (GRAPHIC) — 10KB
• 0001645590-24-000119.txt ( ) — 14521KB
• hpe-20240731.xsd (EX-101.SCH) — 73KB
• hpe-20240731_cal.xml (EX-101.CAL) — 129KB
• hpe-20240731_def.xml (EX-101.DEF) — 365KB
• hpe-20240731_lab.xml (EX-101.LAB) — 896KB
• hpe-20240731_pre.xml (EX-101.PRE) — 630KB
• hpe-20240731_htm.xml (XML) — 2395KB

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 39 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 62 Item 4.

Controls and Procedures

Controls and Procedures 62 Part II. Other Information Item 1.

Legal Proceedings

Legal Proceedings 62 Item 1A.

Risk Factors

Risk Factors 62 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 63 Item 5. Other Information 64 Item 6. Exhibits 65 Exhibit Index 66 Signature 72 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 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 there

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. Index Page Condensed Consolidated Statements of Earnings for the three and nine months ended July 3 1 , 2024 and 2023 (Unaudited) 6 Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended July 3 1 , 2024 and 2023 (Unaudited) 7 Condensed Consolidated Balance Sheets as of July 3 1 , 2024 (Unaudited) and October 31, 2023 (Audited) 8 Condensed Consolidated Statements of Cash Flows for the nine months ended July 3 1 , 2024 and 2023 (Unaudited) 9 Condensed Consolidated Statements of Stockholders' Equity for the three and nine months ended July 3 1 , 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 and Dispositions 24 Note 9: Goodwill 25 Note 10: Fair Value 26 Note 11: Financial Instruments 27 Note 12: Borrowings 31 Note 13: Stockholders' Equity 33 Note 14: Net Earnings Per Share 33 Note 15: Litigation, Contingencies, and Commitments 34 Note 16: Equity Method Investments 37 Note 17: Subsequent Events 38 5 Table of Content HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES Condensed Consolidated Statements of Earnings (Unaudited) For the three months ended July 31, For the nine months ended July 31, 2024 2023 2024 2023 In millions, except per share amounts Net Revenue: Products $ 4,854 $ 4,231 $ 13,134 $ 13,587 Services 2,688 2,629 8,049 7,802 Financing income 168 142 486 395 Total net revenue 7,710 7,002 21,669 21,784 Costs and Expenses: Cost of products 3,438 2,744 8,998 8,942 Cost of services 1,708 1,646 5,032 4,892 Financing cost 125 102 367 270 Research and development 547

View Full Filing

View this 10-Q filing on SEC EDGAR