Hewlett Packard Enterprise (HPE) FY2017 results: revenue $28.9 billion, down 4.7% on the year
Hewlett Packard Enterprise Co. (HPE) reported revenue of $28.9 billion for fiscal 2017, the year ended 31 October 2017, down 4.7% on the year before. Net income was $344 million, down 89.1%, and diluted earnings per share $0.21. The figures are the company's own, from the 10-K it filed with the SEC on 15 December 2017.
Revenue
$28.9 billion
-4.7% on the year
FY2013FY2017
Operating margin
2.0%
12.9% a year earlier
FY2013FY2017
Net income
$344 million
-89.1% on the year
FY2013FY2017
Diluted EPS
$0.21
-88.5% on the year
FY2013FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
28,871
30,280
31,077
-4.7%
Cost of revenue
19,912
20,258
20,773
-1.7%
Gross profit
8,959
10,022
10,304
-10.6%
Gross margin
31.0%
33.1%
33.2%
Research and development
1,490
1,714
1,676
-13.1%
Selling, general and administrative
5,006
5,380
5,142
-7.0%
Operating income
564
3,903
1,946
-85.5%
Operating margin
2.0%
12.9%
6.3%
Interest expense
599
547
249
+9.5%
Pre-tax income
272
3,860
1,935
-93.0%
Income tax
-164
623
-705
Effective tax rate
-60.3%
16.1%
-36.4%
Net income
344
3,161
2,461
-89.1%
Net margin
1.2%
10.4%
7.9%
Diluted EPS
$0.21
$1.82
$1.34
-88.5%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,335
5,056
3,661
-73.6%
Capital expenditure
3,137
3,280
3,344
-4.4%
Free cash flow
-1,802
1,776
317
Free cash flow margin
-6.2%
5.9%
1.0%
Cash from investing
-5,349
419
-5,413
Cash from financing
164
-2,330
9,275
Depreciation and amortisation
3,051
3,775
3,947
-19.2%
Share-based compensation
428
558
565
-23.3%
Buybacks
2,556
2,662
0.0
-4.0%
Dividends paid
428
373
n/a
+14.7%
Dividend per share
$0.26
$0.22
$0.00
+18.2%
Diluted shares, weighted
1,674m
1,739m
1,834m
-3.7%
Shares outstanding at period end
1,595m
1,666m
n/a
-4.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
23,466
31,448
33,535
-25.4%
Non-controlling interest
39.0
70.0
383
-44.3%
Debt
14,032
15,693
15,794
-10.6%
Other liabilities
23,869
32,468
30,204
-26.5%
Total liabilities and equity
61,406
79,679
79,916
-22.9%
Fixed assets
6,269
6,375
9,886
-1.7%
Goodwill
17,516
16,090
18,948
+8.9%
Intangible assets
1,042
675
1,930
+54.4%
Securities held for sale or to maturity
n/a
333
459
Cash and equivalents
9,579
12,987
9,842
-26.2%
Receivables
3,073
3,151
8,538
-2.5%
Inventory
2,315
1,720
2,198
+34.6%
Other assets
21,612
38,348
28,115
-43.6%
Total assets
61,406
79,679
79,916
-22.9%
10-K for the year ended 31 October 2017, filed 15 December 2017: the filing.