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Hewlett Packard Enterprise Co. (NYSE:HPE)

This company has been moved to the archive! The financial data has not been updated since June 5, 2024.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Hewlett Packard Enterprise Co., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Oct 31, 2023 Oct 31, 2022 Oct 31, 2021 Oct 31, 2020 Oct 31, 2019 Oct 31, 2018
Notes payable and short-term borrowings 8.52 8.07 6.16 6.95 8.54 3.61
Accounts payable 12.49 15.26 12.14 9.97 10.80 10.98
Employee compensation and benefits 3.02 2.45 3.08 2.58 2.94 2.54
Taxes on earnings 0.27 0.31 0.29 0.27 0.36 0.68
Deferred revenue 6.40 6.04 5.91 6.35 6.24 5.73
Accrued restructuring 0.31 0.34 0.50 0.68 0.38 0.53
Sales and marketing programs 1.87 1.84 1.69 1.89 2.06 1.64
Value-added and property taxes 1.38 1.58 1.36 1.56 1.56 1.82
Collateral payable 0.36 0.89 0.30 0.00 0.00 0.00
Current operating lease liabilities 0.34 0.29 0.33 0.35 0.00 0.00
Warranty 0.29 0.34 0.28 0.36 0.38 0.43
Contract manufacturer liabilities 0.12 0.58 1.23 0.71 0.00 0.00
Other 2.91 2.58 2.58 3.03 3.73 3.03
Other accrued liabilities 7.28% 8.10% 7.77% 7.90% 7.73% 6.92%
Current liabilities 38.29% 40.57% 35.85% 34.69% 36.98% 30.99%
Long-term debt 13.10 13.75 17.15 22.56 18.14 18.27
Deferred revenue 5.74 5.17 5.15 5.16 5.31 4.77
Non-current operating lease liabilities 1.69 1.49 1.63 1.66 0.00 0.00
Pension, post-retirement, and post-employment 1.47 1.65 2.59 3.44 3.42 2.58
Deferred tax liabilities 0.57 0.56 0.86 0.54 0.60 0.41
Taxes on earnings 0.41 0.47 0.63 0.83 1.04 2.68
Other 1.57 1.48 1.45 1.33 1.41 1.97
Other non-current liabilities 11.45% 10.83% 12.30% 12.95% 11.78% 12.41%
Non-current liabilities 24.55% 24.58% 29.45% 35.51% 29.91% 30.67%
Total liabilities 62.84% 65.15% 65.31% 70.20% 66.90% 61.66%
Common stock, $0.01 par value 0.02 0.02 0.02 0.02 0.03 0.03
Additional paid-in capital 49.34 49.54 49.34 52.49 54.91 54.68
Accumulated deficit -6.90 -9.37 -9.70 -15.50 -14.73 -10.63
Accumulated other comprehensive loss -5.40 -5.42 -5.05 -7.29 -7.19 -5.80
Total HPE stockholders’ equity 37.06% 34.77% 34.61% 29.71% 33.01% 38.27%
Non-controlling interests 0.10 0.08 0.08 0.09 0.10 0.06
Total stockholders’ equity 37.16% 34.85% 34.69% 29.80% 33.10% 38.34%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

The capital structure demonstrates a fluctuating dependency on liabilities, which peaked in 2020 at 70.20% of total liabilities and stockholders’ equity before moderating to 62.84% by 2023. This trend indicates a period of increased leverage followed by a strategic shift toward deleveraging and equity recovery.

Current Liabilities Trends
Current liabilities have generally increased as a proportion of the total balance sheet, rising from 30.99% in 2018 to 38.29% in 2023. A significant driver of this increase is notes payable and short-term borrowings, which grew from 3.61% to 8.52% over the six-year period. Accounts payable also showed an upward trajectory, peaking at 15.26% in 2022 before settling at 12.49% in 2023, suggesting a higher reliance on short-term vendor financing.
Non-Current Liabilities and Debt Management
Non-current liabilities decreased from 30.67% in 2018 to 24.55% in 2023. This decline is primarily attributed to the reduction in long-term debt, which reached a high of 22.56% in 2020 but was systematically reduced to 13.10% by 2023. This suggests a concerted effort to reduce long-term financial leverage and decrease interest-bearing obligations.
Stockholders’ Equity and Retained Earnings
Total stockholders’ equity followed a U-shaped trajectory, declining from 38.34% in 2018 to a low of 29.80% in 2020, then recovering to 37.16% by 2023. A critical component of this recovery is the reduction of the accumulated deficit, which improved from -15.50% in 2020 to -6.90% in 2023. While additional paid-in capital decreased slightly from 54.68% to 49.34%, the overall strengthening of the equity position reflects improved internal value retention.

Overall, the financial profile indicates a transition from long-term debt toward a mix of short-term obligations and a strengthened equity base. The reduction in the accumulated deficit and the simultaneous decrease in long-term debt suggest an improvement in the company's long-term solvency and financial stability.

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