Name: Hewlett Packard Enterprise Co. (NYSE:HPE) | Liabilities and Stockholders’ Equity
Creator: Stock Analysis on Net

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019	Oct 31, 2018
Notes payable and short-term borrowings	4,868)	4,612)	3,552)	3,755)	4,425)	2,005)
Accounts payable	7,136)	8,717)	7,004)	5,383)	5,595)	6,092)
Employee compensation and benefits	1,724)	1,401)	1,778)	1,391)	1,522)	1,412)
Taxes on earnings	155)	176)	169)	148)	186)	378)
Deferred revenue	3,658)	3,451)	3,408)	3,430)	3,234)	3,177)
Accrued restructuring	180)	192)	290)	366)	195)	294)
Sales and marketing programs	1,070)	1,052)	977)	1,022)	1,065)	910)
Value-added and property taxes	786)	902)	782)	842)	806)	1,010)
Collateral payable	207)	508)	173)	—)	—)	—)
Current operating lease liabilities	194)	168)	192)	188)	—)	—)
Warranty	167)	192)	163)	192)	199)	241)
Contract manufacturer liabilities	71)	332)	709)	383)	—)	—)
Other	1,666)	1,471)	1,490)	1,638)	1,932)	1,679)
Other accrued liabilities	4,161)	4,625)	4,486)	4,265)	4,002)	3,840)
Current liabilities	21,882)	23,174)	20,687)	18,738)	19,159)	17,198)
Long-term debt	7,487)	7,853)	9,896)	12,186)	9,395)	10,136)
Deferred revenue	3,281)	2,955)	2,972)	2,785)	2,751)	2,646)
Non-current operating lease liabilities	966)	851)	938)	898)	—)	—)
Pension, post-retirement, and post-employment	841)	944)	1,496)	1,856)	1,772)	1,434)
Deferred tax liabilities	326)	320)	494)	290)	311)	228)
Taxes on earnings	233)	271)	365)	447)	538)	1,485)
Other	899)	846)	834)	719)	728)	1,092)
Other non-current liabilities	6,546)	6,187)	7,099)	6,995)	6,100)	6,885)
Non-current liabilities	14,033)	14,040)	16,995)	19,181)	15,495)	17,021)
Total liabilities	35,915)	37,214)	37,682)	37,919)	34,654)	34,219)
Common stock, $0.01 par value	13)	13)	13)	13)	13)	14)
Additional paid-in capital	28,199)	28,299)	28,470)	28,350)	28,444)	30,342)
Accumulated deficit	(3,946)	(5,350)	(5,597)	(8,375)	(7,632)	(5,899)
Accumulated other comprehensive loss	(3,084)	(3,098)	(2,915)	(3,939)	(3,727)	(3,218)
Total HPE stockholders’ equity	21,182)	19,864)	19,971)	16,049)	17,098)	21,239)
Non-controlling interests	56)	45)	46)	47)	51)	35)
Total stockholders’ equity	21,238)	19,909)	20,017)	16,096)	17,149)	21,274)
Total liabilities and stockholders’ equity	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).

The overall financial structure exhibits a relative stability in total liabilities and stockholders' equity, with the combined total fluctuating between 51.8 billion and 57.7 billion US dollars from 2018 to 2023. Total liabilities have remained consistently between 34 billion and 38 billion US dollars, while stockholders' equity experienced a notable dip around 2020 before recovering to 2018 levels.

Current Liability Trends: Current liabilities grew from 17.2 billion US dollars in 2018 to a peak of 23.2 billion US dollars in 2022, before moderating to 21.9 billion US dollars in 2023. This increase was primarily driven by a substantial rise in notes payable and short-term borrowings, which more than doubled from 2.0 billion US dollars in 2018 to 4.9 billion US dollars in 2023. Accounts payable also showed significant volatility, peaking at 8.7 billion US dollars in 2022 before declining to 7.1 billion US dollars in 2023.
Non-Current Liability and Debt Management: Non-current liabilities demonstrate a downward trajectory, falling from 17.0 billion US dollars in 2018 to 14.0 billion US dollars by 2023. A critical component of this reduction is the management of long-term debt, which decreased from 10.1 billion US dollars in 2018 to 7.5 billion US dollars in 2023, despite a temporary spike to 12.2 billion US dollars in 2020. Additionally, pension and post-employment liabilities were reduced by approximately 41% over the period, falling from 1.4 billion US dollars to 841 million US dollars.
Stockholders' Equity and Retained Earnings: Total stockholders' equity reflects a V-shaped recovery, declining from 21.3 billion US dollars in 2018 to a low of 16.1 billion US dollars in 2020, and subsequently recovering to 21.2 billion US dollars by 2023. This recovery is largely attributable to the improvement in the accumulated deficit, which decreased from a peak negative balance of 8.4 billion US dollars in 2020 to 3.9 billion US dollars in 2023. This suggests a period of strong earnings retention or capital optimization in the latter half of the analyzed period.
Operating Obligations: Deferred revenue has remained relatively stable with a slight upward trend, increasing from 3.2 billion US dollars in current liabilities and 2.6 billion US dollars in non-current liabilities in 2018 to 3.7 billion and 3.3 billion US dollars respectively in 2023. This indicates a steady or growing stream of prepaid contractual obligations. Other accrued liabilities have remained consistently high, hovering between 3.8 billion and 4.6 billion US dollars throughout the period.

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