Stock Analysis on Net
Stock Analysis on Net

Hewlett Packard Enterprise Co. (NYSE:HPE)

$22.49

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

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Paying user area

Try for free

Hewlett Packard Enterprise Co. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Hewlett Packard Enterprise Co., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018
Products
Services
Financing income
Net revenue
Cost of products
Cost of services
Financing cost
Cost of revenue
Gross profit
Research and development
Selling, general and administrative
Amortization of intangible assets
Impairment of goodwill
Restructuring charges
Transformation costs
Disaster (charges) recoveries
Acquisition, disposition and other related charges
Separation costs
Earnings (loss) from operations
Interest and other, net
Tax indemnification and other adjustments
Non-service net periodic benefit credit (cost)
Litigation judgment
Earnings (loss) from equity interests
Earnings (loss) before (provision) benefit for taxes
(Provision) benefit for taxes
Net earnings (loss) from continuing operations
Net loss from discontinued operations
Net earnings (loss) attributable to HPE

Based on: 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-K (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-K (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-K (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31).

Revenue Trends
The total net revenue exhibited fluctuations over the reported periods, starting at 7,674 million USD in January 2018 and demonstrating a downward trend reaching a low of 6,009 million USD in April 2020. A recovery phase occurred thereafter, peaking around 7,871 million USD in January 2023 before declining again to approximately 7,204 million USD by April 2024. Product revenue showed significant variability, including a pronounced dip during early 2020 probably related to external disruptive factors. Service revenue remained more stable, hovering around 2,500 to 2,700 million USD throughout the periods, indicating a steady contribution to overall revenue.
Cost of Revenue and Gross Profit
Costs associated with products and services generally followed revenue patterns with some degree of variability. Cost of products decreased notably during the early 2020 period before rising again, which aligns with the fluctuation seen in product revenues. Cost of services remained relatively stable with minor fluctuations. Overall cost of revenue decreased from approximately 5,491 million USD in early 2018 to just below 4,000 million USD during early 2020, then rebounded somewhat later on. Gross profit exhibited resilience, with an overall upward trend after the 2020 trough, reaching a maximum of 2,658 million USD in January 2023. This indicates improving profit margins after early 2020.
Operating Expenses and Special Charges
Operating expenses including research and development, as well as selling, general and administrative expenses, showed gradual increases over the timeframe despite some episodic declines. Research and development steadily increased from 388 million USD in early 2018 to near 590 million USD by early 2024, reflecting sustained investment in innovation. Selling, general, and administrative expenses hovered between 1,100 and 1,300 million USD with some upward trends noticed. Special charges such as impairment of goodwill were sporadic but significant, notably large impairments recorded in early 2020 and early 2023. Restructuring and transformation costs varied across quarters, with several spikes indicating periods of organizational change or strategic shifts.
Profitability and Earnings
Earnings from operations displayed substantial volatility. Positive earnings were observed during the majority of 2018 and 2019 but significant losses were recorded during early 2020, coinciding with the broader economic disruption during that period. Earnings then recovered strongly, including an extraordinary spike in the first quarter of 2022 driven likely by non-recurring events. Earnings before taxes mirrored these trends with similar fluctuations. Net earnings attributable to the company followed the pattern of earnings from continuing operations, confirming the absence of material discontinued operations after mid-2019.
Financing Activity and Interest Expenses
Financing income showed a gradual upward trend from approximately 111 million USD in early 2018 to 162 million USD by April 2024, reflecting potentially improved investment returns or financing arrangements. In contrast, financing costs stayed relatively stable with some fluctuations, but a notable spike occurred in the first quarter of 2022. These mixed financing cost trends influenced overall net interest and financing results variably.
Tax and Other Adjustments
Tax provisions and benefits showed large fluctuations, with periods of significant tax benefits especially early in the timeframe likely associated with one-time items, followed by generally more moderate tax expenses. Adjustments related to tax indemnification and other items indicated irregular movements suggesting episodic tax events or settlements. Non-service net periodic benefit credits remained positive and relatively stable, contributing marginally to overall profitability.
Additional Observations
Several quarters featured charges or recoveries related to disaster, litigation, and acquisition activities. A notable litigation judgment was recorded in the third quarter of 2021, affecting reported earnings significantly. The company also faced multiple transformation costs and incurred separation costs during earlier periods, reflecting ongoing organizational restructuring efforts.