Hewlett Packard Enterprise Co

For the period ended Oct 31, 2025. Filed Dec 18, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Dec 18, 2025

HPE$47.93+0.8%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows

	For the fiscal years ended October 31,
	2025	2024	2023
	In millions
Cash Flows from Operating Activities:
Net earnings attributable to HPE	$57	$2,579	$2,025
Adjustments to Reconcile Net Earnings Attributable to HPE to Net Cash Provided by Operating Activities:
Depreciation and amortization	2,737	2,564	2,616
Impairment charges	1,621	—	—
Stock-based compensation expense	643	430	428
Provision for inventory and credit losses	511	175	230
Restructuring (credit) charges	(13)	33	242
Cost reduction program	275	—	—
Deferred taxes on earnings	(565)	(64)	(67)
Earnings from equity interests	(90)	(147)	(245)
Gain on sale of a business	(248)	—	—
Gain on sale of equity interest	—	(733)	—
Dividends received from equity investees	29	43	200
H3C divestiture related severance costs	97	—	—
Amortization of inventory fair value adjustment	244	—	—
Loss on equity investments, net	147	13	31
Other, net	181	136	—
Changes in Operating Assets and Liabilities, Net of Acquisitions:
Accounts receivable	(700)	(83)	577
Financing receivables	(153)	(909)	(607)
Inventory	1,783	(3,358)	400
Accounts payable	(3,468)	3,927	(1,655)
Taxes on earnings	(200)	190	(34)
Restructuring	(58)	(164)	(275)
Other assets and liabilities	89	(291)	562
Net cash provided by operating activities	2,919	4,341	4,428
Cash Flows from Investing Activities:
Investment in property, plant and equipment and software assets	(2,292)	(2,367)	(2,828)
Proceeds from sale of property, plant and equipment	380	370	602
Purchases of equity investments	(9)	(16)	(15)
Proceeds from sale of available-for-sale securities and other investments	934	6	8
Proceeds from maturities and redemptions of available-for-sale securities	48	—	—
Proceeds from sale of equity interest	—	2,143	1
Financial collateral posted	(764)	(1,020)	(1,443)
Financial collateral received	581	978	1,152
Payments made in connection with business acquisitions, net of cash acquired	(12,278)	(147)	(761)
Proceeds from sale of a business	210	—	—
Net cash used in investing activities	(13,190)	(53)	(3,284)
Cash Flows from Financing Activities:
Short-term borrowings with original maturities less than 90 days, net	(8)	(31)	(47)
Proceeds from debt, net of issuance costs	9,188	11,245	4,725
Payment of debt	(6,837)	(5,475)	(4,887)
Net payments related to stock-based award activities	(289)	(84)	(106)
Proceeds from issuance of 7.625% Series C mandatory convertible preferred stock, net of issuance costs	—	1,462	—
Repurchases of common stock	(202)	(150)	(421)
Cash dividends paid to preferred stockholders	(112)	—	—
Cash dividends paid to common stockholders	(684)	(676)	(619)
Other	(10)	(8)	(7)
Net cash provided by (used in) financing activities	1,046	6,283	(1,362)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(21)	(47)	36
Change in cash, cash equivalents and restricted cash	(9,246)	10,524	(182)
Cash, cash equivalents and restricted cash at beginning of period	15,105	4,581	4,763
Cash, cash equivalents and restricted cash at end of period	$5,859	$15,105	$4,581
Supplemental Cash Flow Disclosures:
Income taxes paid, net of refunds	$425	$248	$307
Interest expense paid	$1,018	$772	$677

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.