Hewlett Packard Enterprise (HPE) FY2019 results: revenue $29.1 billion, down 5.6% on the year
Hewlett Packard Enterprise Co. (HPE) reported revenue of $29.1 billion for fiscal 2019, the year ended 31 October 2019, down 5.6% on the year before. Net income was $1.0 billion, down 45.0%, and diluted earnings per share $0.77. The figures are the company's own, from the 10-K it filed with the SEC on 13 December 2019.
Revenue
$29.1 billion
-5.6% on the year
FY2013FY2019
Operating margin
4.4%
5.6% a year earlier
FY2013FY2019
Net income
$1.0 billion
-45.0% on the year
FY2013FY2019
Diluted EPS
$0.77
-37.4% on the year
FY2013FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
29,135
30,852
28,871
-5.6%
Cost of revenue
19,345
21,282
19,912
-9.1%
Gross profit
9,790
9,570
8,959
+2.3%
Gross margin
33.6%
31.0%
31.0%
Research and development
1,842
1,667
1,490
+10.5%
Selling, general and administrative
4,907
4,921
5,006
-0.3%
Operating income
1,274
1,737
564
-26.7%
Operating margin
4.4%
5.6%
2.0%
Interest expense
608
631
599
-3.6%
Pre-tax income
1,553
268
272
+479.5%
Income tax
504
-1,744
-164
Effective tax rate
32.5%
-650.7%
-60.3%
Net income
1,049
1,908
344
-45.0%
Net margin
3.6%
6.2%
1.2%
Diluted EPS
$0.77
$1.23
$0.21
-37.4%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
3,997
2,964
1,335
+34.9%
Capital expenditure
2,856
2,956
3,137
-3.4%
Free cash flow
1,141
8.0
-1,802
+14,162.5%
Free cash flow margin
3.9%
0.0%
-6.2%
Cash from investing
-3,457
-1,880
-5,349
Cash from financing
-1,548
-5,592
164
Depreciation and amortisation
2,535
2,576
3,051
-1.6%
Share-based compensation
268
286
428
-6.3%
Buybacks
2,249
3,568
2,556
-37.0%
Dividends paid
608
570
428
+6.7%
Dividend per share
$0.46
$0.49
$0.26
-6.2%
Diluted shares, weighted
1,366m
1,553m
1,674m
-12.0%
Shares outstanding at period end
1,294m
1,423m
1,595m
-9.1%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
17,098
21,239
23,466
-19.5%
Non-controlling interest
51.0
35.0
39.0
+45.7%
Debt
13,820
12,141
14,032
+13.8%
Other liabilities
20,834
22,078
23,869
-5.6%
Total liabilities and equity
51,803
55,493
61,406
-6.6%
Fixed assets
6,054
6,138
6,269
-1.4%
Goodwill
18,306
17,537
17,516
+4.4%
Intangible assets
1,128
789
1,042
+43.0%
Securities held for sale or to maturity
165
156
n/a
+5.8%
Cash and equivalents
3,753
4,880
9,579
-23.1%
Receivables
2,957
3,263
3,073
-9.4%
Inventory
2,387
2,447
2,315
-2.5%
Other assets
17,053
20,283
21,612
-15.9%
Total assets
51,803
55,493
61,406
-6.6%
10-K for the year ended 31 October 2019, filed 13 December 2019: the filing.