Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Hewlett Packard Enterprise Co., consolidated income statement

US$ in millions

12 months ended:	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019	Oct 31, 2018
Products	18,100)	17,794)	17,011)	16,264)	18,170)	19,504)
Services	10,488)	10,219)	10,279)	10,249)	10,507)	10,901)
Financing income	547)	483)	494)	469)	458)	447)
Net revenue	29,135)	28,496)	27,784)	26,982)	29,135)	30,852)
Cost of products	(11,958)	(12,463)	(11,892)	(11,698)	(12,533)	(14,079)
Cost of services	(6,555)	(6,217)	(6,304)	(6,544)	(6,812)	(7,203)
Financing cost	(383)	(310)	(212)	(271)	(297)	(278)
Cost of revenue	(18,896)	(18,990)	(18,408)	(18,513)	(19,642)	(21,560)
Gross profit	10,239)	9,506)	9,376)	8,469)	9,493)	9,292)
Research and development	(2,349)	(2,045)	(1,979)	(1,874)	(1,842)	(1,663)
Selling, general and administrative	(5,160)	(4,941)	(4,929)	(4,624)	(4,907)	(4,851)
Amortization of intangible assets	(288)	(293)	(354)	(379)	(267)	(294)
Impairment of goodwill	—)	(905)	—)	(865)	—)	(88)
Restructuring charges	—)	—)	—)	—)	—)	(19)
Transformation costs	(283)	(473)	(930)	(950)	(453)	(425)
Disaster (charges) recoveries	(1)	(48)	(16)	(26)	7)	—)
Acquisition, disposition and other related charges	(69)	(19)	(36)	(80)	(757)	(82)
Separation costs	—)	—)	—)	—)	—)	(12)
Earnings (loss) from operations	2,089)	782)	1,132)	(329)	1,274)	1,858)
Interest and other, net	181)	77)	87)	128)	150)	75)
Interest expense	(326)	(260)	(289)	(332)	(311)	(353)
Tax indemnification and other adjustments	55)	(67)	65)	(101)	377)	(1,354)
Non-service net periodic benefit credit (cost)	(3)	134)	70)	136)	59)	—)
Litigation judgment	—)	—)	2,351)	—)	—)	—)
Earnings from equity interests	245)	215)	180)	67)	20)	38)
Earnings (loss) before (provision) benefit for taxes	2,241)	881)	3,596)	(431)	1,569)	264)
(Provision) benefit for taxes	(205)	(8)	(160)	120)	(504)	1,744)
Net earnings (loss) from continuing operations	2,036)	873)	3,436)	(311)	1,065)	2,008)
Net loss from discontinued operations	—)	—)	—)	—)	—)	(104)
Net earnings (loss)	2,036)	873)	3,436)	(311)	1,065)	1,904)
Net (earnings) loss attributable to non-controlling interests	(11)	(5)	(9)	(11)	(16)	4)
Net earnings (loss) attributable to HPE	2,025)	868)	3,427)	(322)	1,049)	1,908)

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

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Income statement item	Description	The company
Net revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Hewlett Packard Enterprise Co. net revenue increased from 2021 to 2022 and from 2022 to 2023.
Earnings (loss) from operations	The net result for the period of deducting operating expenses from operating revenues.	Hewlett Packard Enterprise Co. earnings (loss) from operations decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Earnings (loss) before (provision) benefit for taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Hewlett Packard Enterprise Co. earnings (loss) before (provision) benefit for taxes decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Net earnings (loss) attributable to HPE	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Hewlett Packard Enterprise Co. net earnings (loss) attributable to HPE decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Hewlett Packard Enterprise Co. (NYSE:HPE)

Income Statement