Name: Hewlett Packard Enterprise Co. (NYSE:HPE) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Current Assets: Selected Items

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Hewlett Packard Enterprise Co., consolidated balance sheet: assets

US$ in millions

	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019	Oct 31, 2018
Cash and cash equivalents	4,270)	4,163)	3,996)	4,233)	3,753)	4,880)
Accounts receivable, net of allowances	3,481)	4,101)	3,979)	3,386)	2,957)	3,263)
Financing receivables, net of allowances	3,543)	3,522)	3,932)	3,794)	3,572)	3,396)
Inventory	4,607)	5,161)	4,511)	2,674)	2,387)	2,447)
Other current assets	3,047)	3,559)	2,460)	2,469)	2,474)	3,286)
Current assets	18,948)	20,506)	18,878)	16,556)	15,143)	17,272)
Property, plant and equipment, net	5,989)	5,784)	5,613)	5,625)	6,054)	6,138)
Financing receivables, net	5,028)	4,512)	5,038)	5,110)	4,949)	4,740)
Deferred tax assets	2,264)	2,127)	2,023)	1,778)	1,515)	2,403)
Prepaid pension	1,313)	1,287)	1,898)	1,046)	864)	829)
Operating lease ROU assets	980)	854)	884)	930)	—)	—)
Other	1,792)	1,757)	1,827)	1,680)	1,590)	3,387)
Long-term financing receivables and other assets	11,377)	10,537)	11,670)	10,544)	8,918)	11,359)
Investments in equity interests	2,197)	2,160)	2,210)	2,170)	2,254)	2,398)
Goodwill	17,988)	17,403)	18,306)	18,017)	18,306)	17,537)
Intangible assets, net	654)	733)	1,022)	1,103)	1,128)	789)
Non-current assets	38,205)	36,617)	38,821)	37,459)	36,660)	38,221)
Total assets	57,153)	57,123)	57,699)	54,015)	51,803)	55,493)

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).

Total assets have remained relatively stable over the six-year period, fluctuating between a low of $51,803 million in 2019 and a peak of $57,699 million in 2021, ending at $57,153 million by October 31, 2023. The asset structure is characterized by a significant concentration in non-current assets, particularly goodwill, and a volatile trend in current asset components between 2020 and 2022.

Current Asset Trends: Current assets exhibited a general upward trend from 2019, peaking at $20,506 million in 2022 before contracting to $18,948 million in 2023. This volatility is primarily driven by inventory levels, which more than doubled from $2,447 million in 2018 to a peak of $5,161 million in 2022, suggesting a significant buildup of stock that partially corrected in 2023. Cash and cash equivalents remained relatively stable, consistently fluctuating within the $3.7 billion to $4.9 billion range.
Receivables Analysis: Accounts receivable showed a gradual increase from $3,263 million in 2018 to a peak of $4,101 million in 2022, followed by a notable decrease to $3,481 million in 2023. Financing receivables, both current and non-current, remained comparatively steady, though long-term financing receivables and other assets showed more variance, dipping to $8,918 million in 2019 and recovering to $11,377 million by 2023.
Non-Current Asset Composition: Non-current assets remained stable, averaging approximately $37,500 million. Goodwill represents the largest single asset category, remaining consistently high between $17,403 million and $18,306 million, indicating a heavy reliance on acquired intangible value. In contrast, identifiable intangible assets have trended downward, falling from a high of $1,128 million in 2019 to $654 million in 2023, likely reflecting ongoing amortization.
Fixed and Other Long-term Assets: Property, plant, and equipment, net, has remained remarkably consistent, hovering around $5.6 billion to $6.1 billion over the period. Deferred tax assets and prepaid pensions have shown modest fluctuations, with prepaid pensions peaking in 2021 at $1,898 million before stabilizing around $1,300 million in the final two years.

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