Hewlett Packard Enterprise (HPE) FY2023 results: revenue $29.1 billion, up 2.2% on the year
Hewlett Packard Enterprise Co. (HPE) reported revenue of $29.1 billion for fiscal 2023, the year ended 31 October 2023, up 2.2% on the year before. Net income was $2.0 billion, up 133.3%, and diluted earnings per share $1.54. The figures are the company's own, from the 10-K it filed with the SEC on 22 December 2023.
Revenue
$29.1 billion
+2.2% on the year
FY2016FY2023
Operating margin
7.2%
2.7% a year earlier
FY2016FY2023
Net income
$2.0 billion
+133.3% on the year
FY2016FY2023
Diluted EPS
$1.54
+133.3% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
4,428
4,593
5,871
-3.6%
Capital expenditure
2,828
3,122
2,502
-9.4%
Free cash flow
1,600
1,471
3,369
+8.8%
Free cash flow margin
5.5%
5.2%
12.1%
Cash from investing
-3,284
-2,087
-2,796
Cash from financing
-1,362
-1,796
-3,364
Depreciation and amortisation
2,616
2,480
2,597
+5.5%
Share-based compensation
428
391
382
+9.5%
Buybacks
421
512
213
-17.8%
Dividends paid
619
621
625
-0.3%
Dividend per share
$0.48
$0.48
$0.48
0.0%
Diluted shares, weighted
1,316m
1,322m
1,330m
-0.5%
Shares outstanding at period end
1,283m
1,281m
1,295m
+0.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
21,182
19,864
19,971
+6.6%
Non-controlling interest
56.0
45.0
46.0
+24.4%
Debt
12,355
12,465
13,448
-0.9%
Operating lease liabilities
966
851
938
+13.5%
Finance lease liabilities
38.0
43.0
48.0
-11.6%
Other liabilities
22,556
23,855
23,248
-5.4%
Total liabilities and equity
57,153
57,123
57,699
+0.1%
Fixed assets
5,989
5,784
5,613
+3.5%
Goodwill
17,988
17,403
18,306
+3.4%
Intangible assets
654
733
1,022
-10.8%
Securities held for sale or to maturity
119
124
164
-4.0%
Cash and equivalents
4,270
4,163
3,996
+2.6%
Receivables
3,481
4,101
3,979
-15.1%
Inventory
4,607
5,161
4,511
-10.7%
Other assets
20,045
19,654
20,108
+2.0%
Total assets
57,153
57,123
57,699
+0.1%
10-K for the year ended 31 October 2023, filed 22 December 2023: the filing.