Raising FY22 EPS outlook due to robust need and profitability
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Q1 2022 Financial Highlights:
-
Orders: Strong client demand drives order growth up 20% from the prior twelvemonth period, the third sequent quarter of more than than 20% order growth
-
Equally-a-Service orders1
increased 136% from the prior year period
-
Equally-a-Service orders1
- Revenue: $7.0 billion, up 2% from the prior-yr period and in-line with our Q1 outlook
-
Gross margins drive improved quality of earnings despite ongoing supply chain constraints
- GAAP of 33.7%, up 80 ground points sequentially and 20 basis points from the prior year menstruum
- Non-GAAP of 33.ix%, upward 90 footing points sequentially and 20 basis points from the prior year period
-
Diluted internet earnings per share (“EPS”):
- GAAP of $0.39, to a higher place the previously provided outlook of $0.xix to $0.27 per share
- Not-GAAP of $0.53, above the previously provided outlook of $0.42 to $0.50 per share
- Cash flow from operations of ($76) million and free greenbacks menstruum of ($577) million, reflecting normal seasonality and strategic inventory actions due to stiff customer demand
Capital Returns:
- Returned $284 million to shareholders in the form of share repurchases and dividends
- Alleged a regular cash dividend of $0.12 per share, payable on April eight, 2022
Outlook:
- Reiterates financial 2022 revenue growth of 3-four% adjusted for currency
- Second quarter Fiscal 2022: Estimates GAAP diluted net EPS to be in the range of $0.18 to $0.26 and non-GAAP diluted net EPS to be in the range of $0.41 to $0.49
- Financial 2022: Raises both GAAP and not-GAAP diluted net EPS to be in the range of $1.36 to $i.fifty and $two.03 to $two.17, respectively
- Financial 2022 gratuitous cash menstruationii: Reiterates costless greenbacks flow guidance to exist in the range of $ane.eight to $2.0 billion
HOUSTON–(Business WIRE)–Hewlett Packard Enterprise (NYSE: HPE) today appear financial results for the get-go quarter, ended Jan 31, 2022.
“
The quarter was characterized by robust customer demand and profitability, demonstrating the forcefulness of our differentiated border-to-cloud strategy and portfolio innovation,” said Antonio Neri, president and CEO of Hewlett Packard Enterprise. “
It is clear from strong customer feedback and momentum across our businesses that we are increasingly well positioned to capitalize on the pregnant megatrends through our HPE GreenLake platform.”
“
We are off to a stiff start delivering against our FY22 commitments with our third quarter in a row of more than than 20% twelvemonth-over-year order growth bolstering our conviction for sustained revenue growth,” said Tarek Robbiati, EVP and CFO of Hewlett Packard Enterprise. “
We are also delivering a better quality of earnings demonstrated by our improved gross margin despite ongoing supply concatenation constraints that enabled u.s. to deliver Q1 EPS well in a higher place our outlook range and heighten our outlook for the total year.”
First Quarter Fiscal Year 2022 Results
Net acquirement
of $7.0 billion, down 5% sequentially and up 2% from the prior-twelvemonth period which is in-line with normal sequential seasonality.
Annualized acquirement run-charge per unit (“ARR”)3
of $798 meg, up 23% from the prior-year menstruum and total as-a-Service ordersi
were upwardly 136% from the prior-yr period. Based on strong customer need and growth in orders, we reiterate our 2021 Securities Annotator Coming together ARR guidance of 35-45% Compounded Annual Growth Charge per unit from fiscal yr 2021 to financial year 2024.
GAAP gross margins
of 33.7%, upward 80 ground points sequentially and 20 footing points from the prior-twelvemonth period, and not-GAAP gross margins of 33.ix%, upwardly 90 basis points sequentially and xx basis points from the prior-twelvemonth menses.
GAAP diluted internet EPS
was $0.39, compared to $0.17 in the prior-twelvemonth period and above the previously provided outlook of $0.19 to $0.27 per share.
Non-GAAP diluted net EPS
was $0.53, compared to $0.52 in the prior-year period and above the previously provided outlook of $0.42 to $0.l per share. First quarter non-GAAP net earnings and non-GAAP diluted cyberspace EPS exclude after-tax adjustments of $184 million and $0.14 per diluted share, respectively, primarily related to stock-based compensation expense, transformation costs, and the amortization of intangible assets.
Cash flow from operations
of ($76) million, down $1.0 billion from the prior-year period.
Free cash flow
of ($577) million, downwardly $1.1 billion from the prior year reflecting normal seasonality and strategic working majuscule actions due to stiff customer demand.
Majuscule returns to shareholders
of $284 million in the form of share repurchases and dividends.
Segment Results
-
Intelligent Edge acquirement was $901 million, upward eleven% from the prior-year period in bodily dollars and when adjusted for currency, with 17.4% operating profit margin, compared to xix.0% in the prior-year period. Aruba Services revenue was upwardly double-digits from the prior-twelvemonth menstruation and Intelligent Edge as-a-Service ARRthree
was upwardly strong double-digits from the prior-twelvemonth catamenia. - Loftier Functioning Computing & Bogus Intelligence (“HPC & AI”) revenue was $790 one thousand thousand, up iv% from the prior-year period in bodily dollars and when adjusted for currency, with (0.9%) operating profit margin, compared to 5.seven% from the prior-year menses. The slight operating loss was driven past delayed customer acceptances and supply concatenation constraints. We remain on track to exceed the expected xi% marketplace CAGR from FY21-24.
- Compute revenue was $iii.0 billion, up one% from the prior-year catamenia or flat when adapted for currency, with 13.eight% operating profit margin, compared to eleven.4% from the prior-year catamenia. Margin expansion was driven by strategic pricing actions more than offsetting rising input costs.
- Storage acquirement was $1.2 billion, down iii% from the prior-year menstruum in actual dollars and when adjusted for currency, with 14.5% operating profit margin, compared to 19.half dozen% from the prior-twelvemonth menstruum reflecting supply chain constraints, specially in HPE-endemic IP offerings.
- Fiscal Services revenue was $842 million, down 2% from the prior-twelvemonth menstruum or 1% when adjusted for currency, with 12.iv% operating profit margin, compared to 9.8% from the prior-year period. Net portfolio avails of approximately $thirteen.0 billion, downwards 3% from the prior-yr period or apartment when adjusted for currency. The business organization delivered return on equity of 19.7%, up three.2 points from the prior-year menstruum.
Dividend
Board of Directors has declared a regular greenbacks dividend of $0.12 per share on the company’south common stock, payable on Apr 8, 2022, to stockholders of record equally of the close of business concern on March eleven, 2022.
Financial 2022 second quarter outlook:
Hewlett Packard Enterprise estimates GAAP diluted net EPS to be in the range of $0.xviii to $0.26 and non-GAAP diluted net EPS to be in the range of $0.41 to $0.49. Financial 2022 second quarter not-GAAP diluted net EPS estimates exclude after-tax adjustments of approximately $0.23 per diluted share, primarily related to transformation costs, stock-based bounty expense and the amortization of intangible assets.
Financial 2022 outlook:
Hewlett Packard Enterprise raises GAAP diluted net EPS outlook of $1.36 to $ane.50 and not-GAAP diluted net EPS outlook of $2.03 to $2.17. Fiscal 2022 non-GAAP diluted net EPS estimates exclude later-tax adjustments of approximately $0.67 per diluted share, primarily related to transformation costs, stock-based compensation expense and the acquittal of intangible assets.
Reiterates free cash menstruumtwo
guidance of $ane.8 to $ii.0 billion.
ane
Equally-a-Service (“AAS”) orders are an overlay across all business organisation segments contributing to HPE’south consumption-based services (both recurring and non-recurring), and includes hardware, every bit well as GreenLake as-a-Service, Aruba SaaS, CMS SaaS, and other Software assets.
ii
Hewlett Packard Enterprise provides sure guidance on a not-GAAP basis, every bit the Company cannot predict some elements that are included in reported GAAP results. Refer to the give-and-take of non-GAAP financial measures below for more than information.
3
Annualized Revenue Run-Rate (“ARR”) is a financial metric used to assess the growth of the Consumption Services (“CS”) offerings. ARR represents the annualized revenue of all internet HPE GreenLake services acquirement, related financial services revenue (which includes rental income from operating leases and interest income for capital leases), and software-every bit-a-Service, software consumption acquirement, and other equally-a-Service offerings recognized during a quarter and multiplied by four. We apply ARR every bit a performance metric. ARR should be viewed independently of cyberspace revenue and is not intended to be combined with it.
Nigh Hewlett Packard Enterprise
Hewlett Packard Enterprise (NYSE: HPE) is the global edge-to-cloud company that helps organizations accelerate outcomes by unlocking value from all of their information, everywhere. Congenital on decades of reimagining the hereafter and innovating to accelerate the style people live and work, HPE delivers unique, open and intelligent engineering solutions as a service. With offerings spanning Cloud Services, Compute, High Performance Computing & AI, Intelligent Edge, Software, and Storage, HPE provides a consistent experience across all clouds and edges, helping customers develop new business organisation models, engage in new means, and increment operational functioning. For more information, visit: www.hpe.com
Use of non-GAAP fiscal information and fundamental functioning metrics
To supplement Hewlett Packard Enterprise’s condensed consolidated financial argument data presented on a generally accepted accounting principles (“GAAP”) basis, Hewlett Packard Enterprise provides financial measures, including revenue on a abiding currency ground, non-GAAP gross turn a profit, non-GAAP gross turn a profit margin, non-GAAP operating profit (non-GAAP earnings from operations), non-GAAP operating profit margin, not-GAAP income tax rate, non-GAAP net earnings, not-GAAP diluted net earnings per share, cash menstruation from operations, and free cash catamenia, each excluding litigation judgment, internet of taxes paid. Hewlett Packard Enterprise also provides forecasts of not-GAAP diluted net earnings per share and free cash flow. A reconciliation of adjustments to GAAP financial measures for this quarter and prior periods is included in the tables below or elsewhere in the materials accompanying this news release. In improver, an explanation of the ways in which Hewlett Packard Enterprise’s management uses these non-GAAP measures to evaluate its concern, the substance behind Hewlett Packard Enterprise’south conclusion to use these not-GAAP measures, the material limitations associated with the use of these not-GAAP measures, the way in which Hewlett Packard Enterprise’s direction compensates for those limitations, and the substantive reasons why Hewlett Packard Enterprise’southward management believes that these non-GAAP measures provide useful information to investors is included under “Use of non-GAAP fiscal measures” further below. This additional non-GAAP financial data is not meant to be considered in isolation or as a substitute for revenue, gross profit, gross profit margin, operating profit (earnings from operations), operating profit margin, net earnings, diluted net earnings per share, cash, greenbacks equivalents and restricted cash, cash flow from operations, or investments in property, institute and equipment prepared in accord with GAAP.
In addition to the supplemental non-GAAP financial information, Hewlett Packard Enterprise besides presents annualized revenue run-rate (“ARR”) and equally-a-Service (“AAS”) orders as operation metrics. ARR is a financial metric used to appraise the growth of the Consumption Services (“CS”) offerings. ARR represents the annualized value of all recurring internet HPE GreenLake services acquirement, related financial services revenue (which includes rental income for operating leases and interest income for capital leases), and Software-equally-a-Service (“SaaS”), software consumption revenue, and other as-a-Service offerings recognized during a quarter and multiplied by four. AAS orders are an overlay across all business segments contributing to HPE’s consumption-based services (both recurring and non-recurring revenues), and includes hardware, as well as HPE GreenLake equally-a-Service, Aruba SaaS, CMS SaaS, and other Software assets. ARR & AAS orders should be viewed independently of internet revenue and deferred revenue and are not intended to exist combined with any of these items.
Forward-looking statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties, and assumptions. If the risks or uncertainties always materialize or the assumptions prove incorrect, the results of Hewlett Packard Enterprise Company and its consolidated subsidiaries (“Hewlett Packard Enterprise”) may differ materially from those expressed or implied past such frontwards-looking statements and assumptions. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “aim”, “will”, “should” and similar expressions are intended to identify such frontward-looking statements. All statements other than statements of historical fact are statements that could be accounted forrad-looking statements, including simply non express to the scope and duration of the novel coronavirus pandemic (“COVID-19”), our actions in response thereto, and its and their impacts on our business, operations, liquidity and capital resources, employees, customers, partners, supply chain, financial results, and the globe economy; whatever projections of revenue, margins, expenses, investments, effective income revenue enhancement rates, involvement rates, the touch on of tax law changes and related guidance and regulations, net earnings, net earnings per share, cash flows, liquidity and capital resources, inventory, goodwill, harm charges, hedges and derivatives and related offsets, guild backlog, benefit plan funding, deferred tax avails, share repurchases, currency exchange rates, repayments of debts including our asset-backed debt securities, or other financial items; any projections of the amount, execution, timing, and results of any transformation or bear on of cost savings, restructuring plans, including estimates and assumptions related to the anticipated benefits, cost savings, or charges of implementing transformation and restructuring plans; whatever statements of the plans, strategies, and objectives of management for futurity operations, besides as the execution of corporate transactions or contemplated acquisitions, research and development expenditures, and any resulting benefit, cost savings, charges, or revenue or profitability improvements; any statements apropos the expected development, functioning, market share, or competitive performance relating to products or services; any statements regarding electric current or hereafter macroeconomic trends or events and the impact of those trends and events on Hewlett Packard Enterprise and its fiscal functioning; any statements regarding pending investigations, claims, or disputes; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing.
Risks, uncertainties and assumptions include the need to address the many challenges facing Hewlett Packard Enterprise’s businesses; the competitive pressures faced by Hewlett Packard Enterprise’s businesses; risks associated with executing Hewlett Packard Enterprise’s strategy; the impact of macroeconomic and geopolitical trends and events, including but not limited to supply concatenation constraints and the ongoing conflict betwixt Ukraine and Russia; the demand to effectively manage third-party suppliers, distribute Hewlett Packard Enterprise’s products, and deliver Hewlett Packard Enterprise’south services; the protection of Hewlett Packard Enterprise’due south intellectual holding assets, including intellectual property licensed from third parties and intellectual belongings shared with its quondam parent; risks associated with Hewlett Packard Enterprise’s international operations (including pandemics and public health bug, such equally the outbreak of COVID-19); the development of and transition to new products and services and the enhancement of existing products and services to come across customer needs and respond to emerging technological trends; the execution and operation of contracts by Hewlett Packard Enterprise and its suppliers, customers, clients, and partners, including any touch on thereon resulting from events such equally the COVID-xix pandemic; the hiring and retention of key employees; the execution, integration, and other risks associated with business organisation combination and investment transactions; the touch on of changes to ecology, global trade, and other governmental regulations; changes in our product, lease, intellectual belongings, or real estate portfolio; the payment or not-payment of a dividend for whatsoever period; the efficacy of using non-GAAP, rather than GAAP, fiscal measures in business concern projections and planning; the judgments required in connection with determining revenue recognition; impact of company policies and related compliance; utility of segment realignments; allowances for recovery of receivables and warranty obligations; provisions for, and resolution of, pending investigations, claims, and disputes; and other risks that are described herein, including but not limited to the risks described in Hewlett Packard Enterprise’s Annual Written report on Form ten-K for the fiscal year ended October 31, 2021, Current Reports on Class 8-K, and in other filings made by Hewlett Packard Enterprise from time to fourth dimension with the Securities and Exchange Commission.
As in prior periods, the financial information set up along in this press release, including tax-related items, reflects estimates based on information available at this time. While Hewlett Packard Enterprise believes these estimates to be reasonable, these amounts could differ materially from reported amounts in the Hewlett Packard Enterprise Quarterly Report on Form x-Q for the financial quarter ended January 31, 2022. Hewlett Packard Enterprise assumes no obligation and does not intend to update these forward-looking statements, except as required by applicable law.
|
HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES Condensed Consolidated Statements of Earnings (Unaudited) |
|||||||||||
|
For the three months concluded |
|||||||||||
|
Jan 31, 2022
|
October 31, 2021
|
Jan 31, 2021
|
|||||||||
|
In millions, except per share amounts |
|||||||||||
|
Internet revenue |
$ |
6,961 |
$ |
7,354 |
$ |
six,833 |
|||||
|
Costs and expenses: |
|||||||||||
|
Cost of sales |
4,617 |
4,935 |
4,545 |
||||||||
|
Research and development |
504 |
502 |
468 |
||||||||
|
Selling, general and administrative |
1,201 |
1,280 |
1,159 |
||||||||
|
Amortization of intangible assets |
73 |
78 |
110 |
||||||||
|
Transformation costs |
111 |
197 |
311 |
||||||||
|
Disaster charges |
— |
10 |
— |
||||||||
|
Acquisition, disposition and other related charges |
7 |
2 |
eighteen |
||||||||
|
Full costs and expenses |
6,513 |
7,004 |
6,611 |
||||||||
|
Earnings from operations |
448 |
350 |
222 |
||||||||
|
Involvement and other, cyberspace |
(5 |
) |
(106 |
) |
(44 |
) |
|||||
|
Tax indemnification and related adjustments |
(17 |
) |
five |
(16 |
) |
||||||
|
Non-service net periodic do good credit |
36 |
17 |
17 |
||||||||
|
Litigation judgment |
— |
2,351 |
— |
||||||||
|
Earnings from disinterestedness interests |
31 |
71 |
26 |
||||||||
|
Earnings before benefit (provision) for taxes |
493 |
two,688 |
205 |
||||||||
|
Do good (provision) for taxes |
20 |
(135 |
) |
eighteen |
|||||||
|
Net earnings |
$ |
513 |
$ |
two,553 |
$ |
223 |
|||||
|
Net earnings per share: |
|||||||||||
|
Basic |
$ |
0.39 |
$ |
one.95 |
$ |
0.17 |
|||||
|
Diluted |
$ |
0.39 |
$ |
one.91 |
$ |
0.17 |
|||||
|
Cash dividends declared per share |
$ |
0.12 |
$ |
0.12 |
$ |
0.12 |
|||||
|
Weighted-boilerplate shares used to compute net earnings per share: |
|||||||||||
|
Basic |
i,304 |
i,312 |
1,300 |
||||||||
|
Diluted |
one,325 |
1,335 |
1,315 |
||||||||
|
HEWLETT PACKARD ENTERPRISE Visitor AND SUBSIDIARIES Reconciliation of GAAP to Non-GAAP measures (Unaudited) |
|||||||||||
|
For the iii months ended |
|||||||||||
|
January 31, 2022 |
October 31, 2021 |
January 31, 2021 |
|||||||||
|
In millions, except percentages |
|||||||||||
|
GAAP net revenue |
$ |
6,961 |
$ |
7,354 |
$ |
vi,833 |
|||||
|
GAAP cost of sales |
4,617 |
four,935 |
4,545 |
||||||||
|
GAAP gross profit |
$ |
ii,344 |
$ |
two,419 |
$ |
two,288 |
|||||
|
Non-GAAP adjustments |
|||||||||||
|
Amortization of initial straight costs |
$ |
1 |
$ |
2 |
$ |
2 |
|||||
|
Stock-based compensation expense |
15 |
7 |
13 |
||||||||
|
Non-GAAP gross turn a profit |
$ |
2,360 |
$ |
2,428 |
$ |
2,303 |
|||||
|
GAAP gross profit margin |
33.7 |
% |
32.9 |
% |
33.5 |
% |
|||||
|
Non-GAAP adjustments |
0.2 |
% |
0.1 |
% |
0.ii |
% |
|||||
|
Not-GAAP gross profit margin |
33.9 |
% |
33.0 |
% |
33.vii |
% |
|||||
|
For the 3 months concluded |
|||||||||||
|
Jan 31, 2022 |
Oct 31, 2021 |
January 31, 2021 |
|||||||||
|
In millions, except percentages |
|||||||||||
|
GAAP earnings from operations |
$ |
448 |
$ |
350 |
$ |
222 |
|||||
|
Non-GAAP adjustments |
|||||||||||
|
Amortization of initial directly costs |
one |
two |
two |
||||||||
|
Acquittal of intangible assets |
73 |
78 |
110 |
||||||||
|
Transformation costs |
111 |
197 |
311 |
||||||||
|
Disaster charges |
— |
10 |
— |
||||||||
|
Stock-based compensation expense |
128 |
78 |
110 |
||||||||
|
Conquering, disposition and other related charges |
7 |
two |
18 |
||||||||
|
Non-GAAP earnings from operations |
$ |
768 |
$ |
717 |
$ |
773 |
|||||
|
GAAP operating profit margin |
half-dozen.iv |
% |
4.8 |
% |
iii.2 |
% |
|||||
|
Not-GAAP adjustments |
4.6 |
% |
4.nine |
% |
eight.i |
% |
|||||
|
Non-GAAP operating profit margin |
11.0 |
% |
9.7 |
% |
11.three |
% |
|||||
|
HEWLETT PACKARD ENTERPRISE Company AND SUBSIDIARIES Reconciliation of GAAP to Non-GAAP measures (Unaudited) |
|||||||||||||||||||||||
|
For the 3 months ended |
|||||||||||||||||||||||
|
Jan 31, |
Diluted internet earnings per share
|
Oct 31, |
Diluted net earnings per share
|
January 31, |
Diluted net earnings per share
|
||||||||||||||||||
|
In millions, except per share amounts |
|||||||||||||||||||||||
|
GAAP net earnings |
$ |
513 |
$ |
0.39 |
$ |
two,553 |
$ |
ane.91 |
$ |
223 |
$ |
0.17 |
|||||||||||
|
Non-GAAP adjustments: |
|||||||||||||||||||||||
|
Amortization of initial directly costs |
1 |
— |
2 |
— |
2 |
— |
|||||||||||||||||
|
Amortization of intangible assets |
73 |
0.06 |
78 |
0.06 |
110 |
0.08 |
|||||||||||||||||
|
Transformation costs |
111 |
0.08 |
197 |
0.xv |
311 |
0.23 |
|||||||||||||||||
|
Disaster charges |
— |
— |
10 |
0.01 |
— |
— |
|||||||||||||||||
|
Stock-based bounty expense |
128 |
0.10 |
78 |
0.06 |
110 |
0.08 |
|||||||||||||||||
|
Acquisition, disposition and other related charges |
7 |
0.01 |
ii |
— |
18 |
0.01 |
|||||||||||||||||
|
Tax indemnification and related adjustments |
17 |
0.01 |
(5 |
) |
— |
16 |
0.02 |
||||||||||||||||
|
Non-service net periodic benefit credit |
(36 |
) |
(0.03 |
) |
(17 |
) |
(0.01 |
) |
(17 |
) |
(0.01 |
) |
|||||||||||
|
Litigation judgment |
— |
— |
(two,351 |
) |
(ane.76 |
) |
— |
— |
|||||||||||||||
|
Early debt redemption costs |
— |
— |
100 |
0.07 |
— |
— |
|||||||||||||||||
|
Earnings from equity interests(a) |
17 |
0.01 |
xviii |
0.01 |
34 |
0.03 |
|||||||||||||||||
|
Adjustments for taxes |
(134 |
) |
(0.10 |
) |
23 |
0.02 |
(128 |
) |
(0.09 |
) |
|||||||||||||
|
Non-GAAP internet earnings |
$ |
697 |
$ |
0.53 |
$ |
688 |
$ |
0.52 |
$ |
679 |
$ |
0.52 |
|||||||||||
|
For the three months ended |
|||||||||||
|
January 31, 2022 |
October 31, 2021 |
January 31, 2021 |
|||||||||
|
In millions |
|||||||||||
|
Net cash (used in) provided by operating activities |
$ |
(76 |
) |
$ |
2,956 |
$ |
963 |
||||
|
Litigation judgment, internet of taxes paid |
— |
(ii,172 |
) |
— |
|||||||
|
Internet cash (used in) provided by operating activities, excluding litigation judgment, net of taxes paid |
(76 |
) |
784 |
963 |
|||||||
|
Investment in property, establish and equipment |
(624 |
) |
(770 |
) |
(513 |
) |
|||||
|
Gain from sale of holding, plant and equipment |
123 |
80 |
113 |
||||||||
|
Free cash catamenia |
$ |
(577 |
) |
$ |
94 |
$ |
563 |
||||
|
HEWLETT PACKARD ENTERPRISE Visitor AND SUBSIDIARIES Condensed Consolidated Rest Sheets |
|||||||
|
As of |
|||||||
|
January 31, 2022 |
October 31, 2021 |
||||||
|
(Unaudited) |
(Audited) |
||||||
|
In millions, except par value |
|||||||
|
Assets |
|||||||
|
Current assets: |
|||||||
|
Cash and cash equivalents |
$ |
3,861 |
$ |
three,996 |
|||
|
Accounts receivable, net of allowances |
3,432 |
3,979 |
|||||
|
Financing receivables, net of allowances |
iii,815 |
3,932 |
|||||
|
Inventory |
v,321 |
4,511 |
|||||
|
Other electric current assets |
2,913 |
two,460 |
|||||
|
Total current avails |
nineteen,342 |
xviii,878 |
|||||
|
Holding, constitute and equipment |
5,498 |
5,613 |
|||||
|
Long-term financing receivables and other assets |
11,528 |
xi,670 |
|||||
|
Investments in equity interests |
2,250 |
2,210 |
|||||
|
Goodwill and intangible assets |
19,255 |
19,328 |
|||||
|
Total assets |
$ |
57,873 |
$ |
57,699 |
|||
|
LIABILITIES AND STOCKHOLDERS’ Equity |
|||||||
|
Current liabilities: |
|||||||
|
Notes payable and short-term borrowings |
$ |
3,795 |
$ |
3,552 |
|||
|
Accounts payable |
vi,549 |
7,004 |
|||||
|
Employee compensation and benefits |
i,160 |
one,778 |
|||||
|
Taxes on earnings |
166 |
169 |
|||||
|
Deferred acquirement |
iii,457 |
3,408 |
|||||
|
Accrued restructuring |
225 |
290 |
|||||
|
Other accrued liabilities |
5,121 |
4,486 |
|||||
|
Full current liabilities |
20,473 |
20,687 |
|||||
|
Long-term debt |
10,277 |
ix,896 |
|||||
|
Other non-electric current liabilities |
six,758 |
seven,099 |
|||||
|
Stockholders’ equity |
|||||||
|
HPE stockholders’ equity: |
|||||||
|
Mutual stock, $0.01 par value (9,600 shares authorized; 1,300 and 1,295 shares issued and outstanding at January 31, 2022 and October 31, 2021, respectively) |
13 |
thirteen |
|||||
|
Additional paid-in majuscule |
28,422 |
28,470 |
|||||
|
Accumulated arrears |
(5,239 |
) |
(5,597 |
) |
|||
|
Accumulated other comprehensive loss |
(ii,878 |
) |
(ii,915 |
) |
|||
|
Total HPE stockholders’ equity |
twenty,318 |
19,971 |
|||||
|
Non-decision-making interests |
47 |
46 |
|||||
|
Total stockholders’ equity |
xx,365 |
20,017 |
|||||
|
Full liabilities and stockholders’ disinterestedness |
$ |
57,873 |
$ |
57,699 |
|||
Contacts
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Source: https://www.dailyhostnews.com/hewlett-packard-enterprise-reports-fiscal-2022-first-quarter-results