Hewlett Packard Enterprise Co., adjustment to net earnings (loss) attributable to HPE

US$ in millions

12 months ended:	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019	Oct 31, 2018
Net earnings (loss) attributable to HPE (as reported)	2,025)	868)	3,427)	(322)	1,049)	1,908)
Add: Change in net unrealized gains (losses) on available-for-sale securities	1)	(16)	(3)	(5)	6)	(12)
Net earnings (loss) attributable to HPE (adjusted)	2,026)	852)	3,424)	(327)	1,055)	1,896)

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Hewlett Packard Enterprise Co., adjusted profitability ratios

	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019	Oct 31, 2018
Net Profit Margin
Reported net profit margin	6.95%	3.05%	12.33%	-1.19%	3.60%	6.18%
Adjusted net profit margin	6.95%	2.99%	12.32%	-1.21%	3.62%	6.15%
Return on Equity (ROE)
Reported ROE	9.56%	4.37%	17.16%	-2.01%	6.14%	8.98%
Adjusted ROE	9.56%	4.29%	17.14%	-2.04%	6.17%	8.93%
Return on Assets (ROA)
Reported ROA	3.54%	1.52%	5.94%	-0.60%	2.02%	3.44%
Adjusted ROA	3.54%	1.49%	5.93%	-0.61%	2.04%	3.42%

Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by revenue.	Hewlett Packard Enterprise Co. adjusted net profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by shareholders’ equity.	Hewlett Packard Enterprise Co. adjusted ROE deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by total assets.	Hewlett Packard Enterprise Co. adjusted ROA deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

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	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019	Oct 31, 2018
As Reported
Selected Financial Data (US$ in millions)
Net earnings (loss) attributable to HPE	2,025)	868)	3,427)	(322)	1,049)	1,908)
Net revenue	29,135)	28,496)	27,784)	26,982)	29,135)	30,852)
Profitability Ratio
Net profit margin¹	6.95%	3.05%	12.33%	-1.19%	3.60%	6.18%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net earnings (loss) attributable to HPE	2,026)	852)	3,424)	(327)	1,055)	1,896)
Net revenue	29,135)	28,496)	27,784)	26,982)	29,135)	30,852)
Profitability Ratio
Adjusted net profit margin²	6.95%	2.99%	12.32%	-1.21%	3.62%	6.15%

2023 Calculations

¹ Net profit margin = 100 × Net earnings (loss) attributable to HPE ÷ Net revenue
= 100 × 2,025 ÷ 29,135 = 6.95%

² Adjusted net profit margin = 100 × Adjusted net earnings (loss) attributable to HPE ÷ Net revenue
= 100 × 2,026 ÷ 29,135 = 6.95%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by revenue.	Hewlett Packard Enterprise Co. adjusted net profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019	Oct 31, 2018
As Reported
Selected Financial Data (US$ in millions)
Net earnings (loss) attributable to HPE	2,025)	868)	3,427)	(322)	1,049)	1,908)
Total HPE stockholders’ equity	21,182)	19,864)	19,971)	16,049)	17,098)	21,239)
Profitability Ratio
ROE¹	9.56%	4.37%	17.16%	-2.01%	6.14%	8.98%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net earnings (loss) attributable to HPE	2,026)	852)	3,424)	(327)	1,055)	1,896)
Total HPE stockholders’ equity	21,182)	19,864)	19,971)	16,049)	17,098)	21,239)
Profitability Ratio
Adjusted ROE²	9.56%	4.29%	17.14%	-2.04%	6.17%	8.93%

2023 Calculations

¹ ROE = 100 × Net earnings (loss) attributable to HPE ÷ Total HPE stockholders’ equity
= 100 × 2,025 ÷ 21,182 = 9.56%

² Adjusted ROE = 100 × Adjusted net earnings (loss) attributable to HPE ÷ Total HPE stockholders’ equity
= 100 × 2,026 ÷ 21,182 = 9.56%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by shareholders’ equity.	Hewlett Packard Enterprise Co. adjusted ROE deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019	Oct 31, 2018
As Reported
Selected Financial Data (US$ in millions)
Net earnings (loss) attributable to HPE	2,025)	868)	3,427)	(322)	1,049)	1,908)
Total assets	57,153)	57,123)	57,699)	54,015)	51,803)	55,493)
Profitability Ratio
ROA¹	3.54%	1.52%	5.94%	-0.60%	2.02%	3.44%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net earnings (loss) attributable to HPE	2,026)	852)	3,424)	(327)	1,055)	1,896)
Total assets	57,153)	57,123)	57,699)	54,015)	51,803)	55,493)
Profitability Ratio
Adjusted ROA²	3.54%	1.49%	5.93%	-0.61%	2.04%	3.42%

2023 Calculations

¹ ROA = 100 × Net earnings (loss) attributable to HPE ÷ Total assets
= 100 × 2,025 ÷ 57,153 = 3.54%

² Adjusted ROA = 100 × Adjusted net earnings (loss) attributable to HPE ÷ Total assets
= 100 × 2,026 ÷ 57,153 = 3.54%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by total assets.	Hewlett Packard Enterprise Co. adjusted ROA deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Hewlett Packard Enterprise Co. (NYSE:HPE)

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