Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

Hewlett Packard Enterprise Co., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019	Oct 31, 2018
Net earnings (loss)	2,036)	873)	3,436)	(311)	1,065)	1,904)
Net unrealized gains (losses) arising during the period	1)	(16)	(3)	(1)	9)	(3)
Net (gains) losses reclassified into earnings	—)	—)	—)	(4)	(3)	(9)
Change in net unrealized gains (losses) on available-for-sale securities	1)	(16)	(3)	(5)	6)	(12)
Net unrealized gains (losses) arising during the period	(177)	1,025)	(50)	(40)	308)	169)
Net (gains) losses reclassified into earnings	116)	(978)	156)	(21)	(371)	8)
Change in net unrealized gains (losses) on cash flow hedges	(61)	47)	106)	(61)	(63)	177)
Net unrealized gains (losses) arising during the period	(99)	(315)	763)	(358)	(701)	(423)
Amortization of net actuarial loss and prior service benefit	144)	155)	281)	249)	216)	191)
Curtailments, settlements and other	3)	5)	4)	10)	15)	22)
Change in unrealized components of defined benefit plans	48)	(155)	1,048)	(99)	(470)	(210)
Cumulative translation adjustment arising during the period	(32)	(146)	16)	(12)	(18)	(70)
Release of cumulative translation adjustment as a result of divestitures and country exits	—)	—)	—)	—)	—)	20)
Change in cumulative translation adjustment	(32)	(146)	16)	(12)	(18)	(50)
Other comprehensive income (loss) before taxes	(44)	(270)	1,167)	(177)	(545)	(95)
(Provision) benefit for taxes	58)	87)	(143)	8)	36)	(42)
Other comprehensive income (loss), net of taxes	14)	(183)	1,024)	(169)	(509)	(137)
Comprehensive income (loss)	2,050)	690)	4,460)	(480)	556)	1,767)
Comprehensive (income) loss attributable to non-controlling interests	(11)	(5)	(9)	(11)	(16)	4)
Comprehensive income (loss) attributable to HPE	2,039)	685)	4,451)	(491)	540)	1,771)

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 financial data reveals several notable trends and fluctuations over the six-year period. Net earnings exhibited considerable volatility, with a peak at 3,436 million US dollars in 2021 and a significant loss of 311 million US dollars in 2020. After a considerable recovery post-2020, net earnings showed a moderate increase in 2023 compared to 2022.

Net unrealized gains and losses related to available-for-sale securities and cash flow hedges demonstrated mixed trends. The net unrealized gains (losses) on available-for-sale securities fluctuated markedly, with a significant gain in 2022 followed by a sharp reversal to a loss in 2023. Similarly, cash flow hedge fluctuations showed both positive and negative shifts, especially with large losses in 2019 and 2020 contrasting with gains in subsequent years.

Concerning defined benefit plans, net actuarial loss amortization increased progressively until 2021, reaching 281 million US dollars, then decreased in the following years. The overall change in unrealized components of defined benefit plans was highly variable, showing a large positive change in 2021 and notable losses in some other years.

Cumulative translation adjustments generally portrayed negative values, indicating unfavorable currency translation effects in most years except for a small positive adjustment in 2021. The release of cumulative translation adjustments was limited and observed only in 2018.

Other comprehensive income before taxes followed a pattern of substantial fluctuations, peaking positively in 2021 but showing negative figures in several other years. After tax provisions, the net other comprehensive income remained negative in most years except for gains in 2021 and 2023, indicating tax-related benefits that somewhat offset pre-tax losses.

Comprehensive income, which includes both net earnings and other comprehensive income items, aligned closely with net earnings trends but displayed greater variability due to other comprehensive income components. It reached a high of 4,460 million US dollars in 2021 and suffered a loss in 2020. Comprehensive income attributable to the company followed a similar pattern, remaining positive except in 2020 where a loss was recorded.

Overall, the data indicates periods of financial instability and recovery, with significant impacts from unrealized gains and losses, particularly connected to securities, hedging activities, and defined benefit plans. Currency translation effects posed consistent challenges, and comprehensive income reflected the volatility seen in net earnings combined with other comprehensive income fluctuations.

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Hewlett Packard Enterprise Co. (NYSE:HPE)

Statement of Comprehensive Income