Hewlett Packard Enterprise Co

Listed Company

HPECIK 0001645590NYSELarge AcceleratedComputer & Office EquipmentDelawareFY ends Oct 31

Period

FY 2025

Revenue

$34.30B

Net Income

—

Total Assets

$75.91B

Equity

$24.69B

Shares Out

1.33B

Op. Cash Flow

$2.92B

Business

Hewlett Packard Enterprise is a global technology leader that develops intelligent edge-to-cloud solutions enabling customers to capture, analyze and act on data to accelerate business outcomes. It offers servers (including high-performance and AI-optimized systems), networking and security products, hybrid cloud and storage solutions (notably HPE GreenLake), software, professional and support services, and financial and asset management services. Operations are organized into reportable segments including Server, Hybrid Cloud, Networking, Financial Services, and Corporate Investments and Other, transitioning to a Networking, Cloud & AI, and Corporate Investments structure. Its products and solutions are sold worldwide through direct sales, channel partners, distributors, OEMs, systems integrators, and advisory firms.

Summary from filing dated 2025-12-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Financing income	767	668	547	483	494
Total net revenue	34,296	30,127	29,135	28,496	27,784
Financing cost	500	495	383	310	212
Research and development	2,518	2,246	2,349	2,045	1,979
Selling, general and administrative	5,704	4,871	5,160	4,941	4,929
Amortization of intangible assets	511	267	288	293	354
Impairment charges	1,621	0	0	905	0
Transformation costs	2	93	283	473	930
Acquisition, disposition and other charges	458	211	70	19	36
Total costs and expenses	34,733	27,937	27,046	27,714	26,652
(Loss) earnings from operations	−437	2,190	2,089	782	1,132
Interest and other, net	−175	−117	−104	−121	−211
Gain on sale of equity interest	0	733	0	0	—
Gain on sale of a business	248	0	0	—	—
Earnings from equity interests	79	147	245	215	180
(Loss) earnings before provision for taxes	−285	2,953	2,230	876	3,587
Benefit (provision) for taxes	342	−374	−205	−8	−160
Net earnings attributable to HPE	57	2,579	2,025	868	—
Preferred stock dividends	−116	−25	0	0	—
Net (loss) earnings attributable to common stockholders - Basic	−59	2,554	2,025	868	—
Basic (in dollars per share)	−0.04	1.95	1.56	0.67	2.62
Diluted (in dollars per share)	−0.04	1.93	1.54	0.66	2.58
Basic (in shares)	1,324	1,309	1,299	1,303	1,309
Diluted (in shares)	1,324	1,337	1,316	1,322	1,330

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Cash and cash equivalents	5,773	14,846	4,270	4,163	3,996
Accounts receivable, net of allowances	5,290	3,550	3,481	4,101	3,979
Financing receivables, net of allowances	3,826	3,870	3,543	3,522	—
Inventory	6,352	7,810	4,607	5,161	4,511
Assets held for sale	0	1	0	—	—
Other current assets	3,753	3,380	3,047	3,559	2,460
Total current assets	24,994	33,457	18,948	20,506	18,878
Property, plant and equipment, net	6,002	5,664	5,989	5,784	5,613
Long-term financing receivables and other assets	13,817	12,616	11,377	10,537	—
Investments in equity interests	955	929	2,197	2,160	2,200
Goodwill	23,770	18,086	17,988	17,403	18,306
Intangible assets, net	6,368	510	654	733	1,022
Total assets	75,906	71,262	57,153	57,123	57,699
Notes payable and short-term borrowings	4,609	4,742	4,868	4,612	3,552
Accounts payable	7,731	11,064	7,136	8,717	7,004
Employee compensation and benefits	1,871	1,356	1,724	1,401	1,778
Taxes on earnings	319	284	155	176	169
Deferred revenue	5,358	3,904	3,658	3,451	3,408
Liabilities held for sale	0	32	0	—	—
Other accrued liabilities	4,755	4,591	4,161	4,625	4,486
Total current liabilities	24,643	25,973	21,882	23,174	20,687
Long-term debt	17,756	13,504	7,487	7,853	9,896
Other non-current liabilities	8,753	6,905	6,546	6,187	7,099
Commitments and Contingencies	—	—	—	—	—
7.625% Series C mandatory convertible preferred stock, $0.01 par value (30,000,000 issued and outstanding at October 31, 2025 and October 31, 2024)	0	0	0	—	—
Common stock, $0.01 par value (9,600,000,000 shares authorized; 1,318,292,428 and 1,297,258,235 issued and outstanding at October 31, 2025 and October 31, 2024, respectively)	13	13	13	13	13
Additional paid-in capital	30,234	29,848	28,199	28,299	28,470
Accumulated deficit	−2,811	−2,068	−3,946	−5,350	−5,597
Accumulated other comprehensive loss	−2,748	−2,977	−3,084	−3,098	−2,915
Total HPE stockholders' equity	24,688	24,816	21,182	19,864	19,971
Non-controlling interests	66	64	56	45	46
Total stockholders' equity	24,754	24,880	21,238	19,909	20,017
Total liabilities and stockholders' equity	75,906	71,262	57,153	57,123	57,699

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Depreciation and amortization	2,737	2,564	2,616	2,480	2,597
Stock-based compensation expense	643	430	428	391	382
Provision for inventory and credit losses	511	175	230	262	176
Restructuring (credit) charges	−13	33	242	214	620
Cost reduction program	275	0	0	—	—
Deferred taxes on earnings	−565	−64	−67	−249	−167
Earnings from equity interests	−90	−147	−245	—	—
Dividends received from equity investees	29	43	200	197	184
H3C divestiture related severance costs	97	0	0	—	—
Amortization of inventory fair value adjustment	244	0	0	—	—
Equity Securities, gross unrealized gains/(losses)	147	13	31	—	—
Other, net	181	136	0	310	202
Accounts receivable	−700	−83	577	−186	−591
Financing receivables	−153	−909	−607	694	−165
Inventory	1,783	−3,358	400	−713	−1,959
Accounts payable	−3,468	3,927	−1,655	1,707	1,608
Taxes on earnings	−200	190	−34	150	−73
Restructuring	−58	−164	−275	−334	−527
Other assets and liabilities	89	−291	562	−1,888	337
Net cash provided by operating activities	2,919	4,341	4,428	4,593	5,871
Investment in property, plant and equipment and software assets	−2,292	−2,367	−2,828	−3,122	−2,502
Proceeds from sale of property, plant and equipment	380	370	602	602	354
Purchases of equity investments	−9	−16	−15	—	—
Proceeds from sale of available-for-sale securities and other investments	934	6	8	—	—
Proceeds from maturities and redemptions of available-for-sale securities	48	0	0	—	—
Proceeds from sale of equity interest	0	2,143	1	—	—
Financial collateral posted	−764	−1,020	−1,443	—	—
Financial collateral received	581	978	1,152	—	—
Payments made in connection with business acquisitions, net of cash acquired	−12,278	−147	−761	0	−505
Proceeds from sale of a business	210	0	0	—	—
Net cash used in investing activities	−13,190	−53	−3,284	−2,087	−2,796
Short-term borrowings with original maturities less than 90 days, net	−8	−31	−47	100	−36
Proceeds from debt, net of issuance costs	9,188	11,245	4,725	3,296	3,022
Payment of debt	−6,837	−5,475	−4,887	−3,992	−5,465
Net payments related to stock-based award activities	−289	−84	−106	−53	−29
Proceeds from issuance of 7.625% Series C mandatory convertible preferred stock, net of issuance costs	0	1,462	0	0	—
Repurchases of common stock	−202	−150	−421	−512	−213
Cash dividends paid to preferred stockholders	−112	0	0	—	—
Cash dividends paid to common stockholders	−684	−676	−619	−621	−625
Other	−10	−8	−7	—	—
Net cash provided by (used in) financing activities	1,046	6,283	−1,362	−1,796	−3,364
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	−21	−47	36	−279	0
Change in cash, cash equivalents and restricted cash	−9,246	10,524	−182	431	−289
Income taxes paid, net of refunds	425	248	307	107	398
Interest expense paid	1,018	772	677	453	486

Filings

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