Hewlett Packard Enterprise (HPE) FY2018 results: revenue $30.9 billion, up 6.9% on the year
Hewlett Packard Enterprise Co. (HPE) reported revenue of $30.9 billion for fiscal 2018, the year ended 31 October 2018, up 6.9% on the year before. Net income was $1.9 billion, up 454.7%, and diluted earnings per share $1.23. The figures are the company's own, from the 10-K it filed with the SEC on 12 December 2018.
Revenue
$30.9 billion
+6.9% on the year
FY2013FY2018
Operating margin
5.6%
2.0% a year earlier
FY2013FY2018
Net income
$1.9 billion
+454.7% on the year
FY2013FY2018
Diluted EPS
$1.23
+485.7% on the year
FY2013FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
30,852
28,871
30,280
+6.9%
Cost of revenue
21,282
19,912
20,258
+6.9%
Gross profit
9,570
8,959
10,022
+6.8%
Gross margin
31.0%
31.0%
33.1%
Research and development
1,667
1,490
1,714
+11.9%
Selling, general and administrative
4,921
5,006
5,380
-1.7%
Operating income
1,737
564
3,903
+208.0%
Operating margin
5.6%
2.0%
12.9%
Interest expense
631
599
547
+5.3%
Pre-tax income
268
272
3,860
-1.5%
Income tax
-1,744
-164
623
Effective tax rate
-650.7%
-60.3%
16.1%
Net income
1,908
344
3,161
+454.7%
Net margin
6.2%
1.2%
10.4%
Diluted EPS
$1.23
$0.21
$1.82
+485.7%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
2,964
1,335
5,056
+122.0%
Capital expenditure
2,956
3,137
3,280
-5.8%
Free cash flow
8.0
-1,802
1,776
Free cash flow margin
0.0%
-6.2%
5.9%
Cash from investing
-1,880
-5,349
419
Cash from financing
-5,592
164
-2,330
Depreciation and amortisation
2,576
3,051
3,775
-15.6%
Share-based compensation
286
428
558
-33.2%
Buybacks
3,568
2,556
2,662
+39.6%
Dividends paid
570
428
373
+33.2%
Dividend per share
$0.49
$0.26
$0.22
+87.5%
Diluted shares, weighted
1,553m
1,674m
1,739m
-7.2%
Shares outstanding at period end
1,423m
1,595m
1,666m
-10.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
21,239
23,466
31,448
-9.5%
Non-controlling interest
35.0
39.0
70.0
-10.3%
Debt
12,141
14,032
15,693
-13.5%
Other liabilities
22,078
23,869
32,468
-7.5%
Total liabilities and equity
55,493
61,406
79,679
-9.6%
Fixed assets
6,138
6,269
6,375
-2.1%
Goodwill
17,537
17,516
16,090
+0.1%
Intangible assets
789
1,042
675
-24.3%
Securities held for sale or to maturity
156
n/a
333
Cash and equivalents
4,880
9,579
12,987
-49.1%
Receivables
3,263
3,073
3,151
+6.2%
Inventory
2,447
2,315
1,720
+5.7%
Other assets
20,283
21,612
38,348
-6.1%
Total assets
55,493
61,406
79,679
-9.6%
10-K for the year ended 31 October 2018, filed 12 December 2018: the filing.