Hewlett Packard Enterprise (HPE) FY2020 results: revenue $27.0 billion, down 7.4% on the year
Hewlett Packard Enterprise Co. (HPE) reported revenue of $27.0 billion for fiscal 2020, the year ended 31 October 2020, down 7.4% on the year before. Net income was -$322 million, and diluted earnings per share $-0.25. The figures are the company's own, from the 10-K it filed with the SEC on 10 December 2020.
Revenue
$27.0 billion
-7.4% on the year
FY2013FY2020
Operating margin
-1.2%
4.4% a year earlier
FY2013FY2020
Net income
-$322 million
FY2013FY2020
Diluted EPS
-$0.25
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
26,982
29,135
30,852
-7.4%
Cost of revenue
18,242
19,345
21,282
-5.7%
Gross profit
8,740
9,790
9,570
-10.7%
Gross margin
32.4%
33.6%
31.0%
Research and development
1,874
1,842
1,667
+1.7%
Selling, general and administrative
4,624
4,907
4,921
-5.8%
Operating income
-329
1,274
1,737
Operating margin
-1.2%
4.4%
5.6%
Interest expense
603
608
631
-0.8%
Pre-tax income
-442
1,553
268
Income tax
-120
504
-1,744
Effective tax rate
n/a
32.5%
-650.7%
Net income
-322
1,049
1,908
Net margin
-1.2%
3.6%
6.2%
Diluted EPS
-$0.25
$0.77
$1.23
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
2,240
3,997
2,964
-44.0%
Capital expenditure
2,383
2,856
2,956
-16.6%
Free cash flow
-143
1,141
8.0
Free cash flow margin
-0.5%
3.9%
0.0%
Cash from investing
-2,578
-3,457
-1,880
Cash from financing
883
-1,548
-5,592
Depreciation and amortisation
2,625
2,535
2,576
+3.6%
Share-based compensation
274
268
286
+2.2%
Buybacks
355
2,249
3,568
-84.2%
Dividends paid
618
608
570
+1.6%
Dividend per share
$0.36
$0.46
$0.49
-21.3%
Diluted shares, weighted
1,294m
1,366m
1,553m
-5.3%
Shares outstanding at period end
1,287m
1,294m
1,423m
-0.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
16,049
17,098
21,239
-6.1%
Non-controlling interest
47.0
51.0
35.0
-7.8%
Debt
15,941
13,820
12,141
+15.3%
Operating lease liabilities
898
n/a
n/a
Finance lease liabilities
53.0
n/a
n/a
Other liabilities
21,027
20,834
22,078
+0.9%
Total liabilities and equity
54,015
51,803
55,493
+4.3%
Fixed assets
5,625
6,054
6,138
-7.1%
Goodwill
18,017
18,306
17,537
-1.6%
Intangible assets
1,103
1,128
789
-2.2%
Securities held for sale or to maturity
146
165
156
-11.5%
Cash and equivalents
4,233
3,753
4,880
+12.8%
Receivables
3,386
2,957
3,263
+14.5%
Inventory
2,674
2,387
2,447
+12.0%
Other assets
18,831
17,053
20,283
+10.4%
Total assets
54,015
51,803
55,493
+4.3%
10-K for the year ended 31 October 2020, filed 10 December 2020: the filing.