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HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
(Unaudited)
(In millions, except per share amounts)
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Three months ended
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April 30,
2020
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January 31, 2020
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April 30,
2019
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Net revenue
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$
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6,009
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$
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6,949
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$
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7,150
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Costs and expenses:
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Cost of sales
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4,095
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4,667
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4,845
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Research and development
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450
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485
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457
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Selling, general and administrative
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1,109
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1,218
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1,214
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Amortization of intangible assets
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84
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120
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69
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Impairment of goodwill(a)
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865
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—
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—
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Transformation costs
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200
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89
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54
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Disaster charges (recovery)(b)
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22
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—
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(7)
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Acquisition, disposition and other related charges
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18
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22
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84
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Total costs and expenses
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6,843
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6,601
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6,716
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(Loss) earnings from operations
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(834)
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348
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434
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Interest and other, net
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(68)
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(19)
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(18)
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Tax indemnification adjustments
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(35)
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(21)
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4
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Non-service net periodic benefit credit
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36
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37
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17
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(Loss) earnings from equity interests
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(10)
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33
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3
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(Loss) earnings before taxes
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(911)
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378
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440
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Benefit (provision) for taxes
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90
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(45)
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(21)
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Net (loss) earnings
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$
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(821)
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$
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333
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$
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419
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Net (loss) earnings per share:
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Basic
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$
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(0.64)
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$
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0.26
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$
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0.31
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Diluted(h)
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$
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(0.64)
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$
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0.25
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$
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0.30
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Cash dividends declared per share
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$
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0.1200
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$
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0.1200
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$
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0.1125
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Weighted-average shares used to compute net (loss) earnings per share:
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Basic
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1,291
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1,300
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1,367
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Diluted(h)
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1,291
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1,315
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1,382
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