Hewlett Packard Enterprise Co
For the period ended Oct 31, 2024. Filed Dec 19, 2024.
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FY2024 · Filed Dec 19, 2024
HPE$47.93+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| For the fiscal years ended October 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| In millions | |||
| Cash Flows from Operating Activities: | |||
| Net earnings attributable to HPE | $2,579 | $2,025 | $868 |
| Adjustments to Reconcile Net Earnings Attributable to HPE to Net Cash Provided by Operating Activities: | |||
| Depreciation and amortization | 2,564 | 2,616 | 2,480 |
| Impairment of goodwill | — | — | 905 |
| Stock-based compensation expense | 430 | 428 | 391 |
| Provision for inventory and credit losses | 175 | 230 | 262 |
| Restructuring charges | 33 | 242 | 214 |
| Deferred taxes on earnings | (64) | (67) | (249) |
| Earnings from equity interests | (147) | (245) | (215) |
| Gain on sale of equity interest | (733) | — | — |
| Dividends received from equity investees | 43 | 200 | 197 |
| Other, net | 149 | 31 | 310 |
| Changes in Operating Assets and Liabilities, Net of Acquisitions: | |||
| Accounts receivable | (83) | 577 | (186) |
| Financing receivables | (909) | (607) | 694 |
| Inventory | (3,358) | 400 | (713) |
| Accounts payable | 3,927 | (1,655) | 1,707 |
| Taxes on earnings | 190 | (34) | 150 |
| Restructuring | (164) | (275) | (334) |
| Other assets and liabilities | (291) | 562 | (1,888) |
| Net cash provided by operating activities | 4,341 | 4,428 | 4,593 |
| Cash Flows from Investing Activities: | |||
| Investment in property, plant and equipment and software assets | (2,367) | (2,828) | (3,122) |
| Proceeds from sale of property, plant and equipment | 370 | 602 | 602 |
| Purchases of investments | (16) | (15) | (55) |
| Proceeds from maturities and sales of investments | 2,149 | 9 | 262 |
| Financial collateral posted | (1,020) | (1,443) | (148) |
| Financial collateral received | 978 | 1,152 | 374 |
| Payments made in connection with business acquisitions, net of cash acquired | (147) | (761) | — |
| Net cash used in investing activities | (53) | (3,284) | (2,087) |
| Cash Flows from Financing Activities: | |||
| Short-term borrowings with original maturities less than 90 days, net | (31) | (47) | 100 |
| Proceeds from debt, net of issuance costs | 11,245 | 4,725 | 3,296 |
| Payment of debt | (5,475) | (4,887) | (3,992) |
| Cash settlement for derivative hedging debt | — | (7) | (8) |
| Net payments related to stock-based award activities | (84) | (106) | (53) |
| Proceeds from issuance of 7.625% Series C mandatory convertible preferred stock, net of issuance costs | 1,462 | — | — |
| Repurchase of common stock | (150) | (421) | (512) |
| Cash dividends paid to non-controlling interests, net of contributions | (8) | — | (6) |
| Cash dividends paid to shareholders | (676) | (619) | (621) |
| Net cash provided by (used in) financing activities | 6,283 | (1,362) | (1,796) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (47) | 36 | (279) |
| Change in cash, cash equivalents and restricted cash | 10,524 | (182) | 431 |
| Cash, cash equivalents and restricted cash at beginning of period | 4,581 | 4,763 | 4,332 |
| Cash, cash equivalents and restricted cash at end of period | $15,105 | $4,581 | $4,763 |
| Supplemental Cash Flow Disclosures: | |||
| Income taxes paid, net of refunds | $248 | $307 | $107 |
| Interest expense paid | $772 | $677 | $453 |
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