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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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Six months ended April 30,
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2020
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2019
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Net revenue
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$
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12,958
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$
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14,703
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Costs and expenses:
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Cost of sales
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8,762
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10,052
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Research and development
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935
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923
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Selling, general and administrative
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2,327
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2,425
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Amortization of intangible assets
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204
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141
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Impairment of goodwill(a)
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865
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—
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Transformation costs
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289
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132
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Disaster charges (recovery)(b)
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22
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(7)
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Acquisition, disposition and other related charges
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40
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147
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Total costs and expenses
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13,444
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13,813
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(Loss) earnings from operations
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(486)
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890
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Interest and other, net
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(87)
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(69)
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Tax indemnification adjustments
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(56)
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223
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Non-service net periodic benefit credit
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73
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33
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Earnings from equity interests
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23
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18
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(Loss) earnings before taxes
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(533)
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1,095
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Benefit (provision) for taxes
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45
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(499)
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Net (loss) earnings
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$
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(488)
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$
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596
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Net (loss) earnings per share:
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Basic
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$
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(0.38)
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$
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0.43
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Diluted(h)
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$
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(0.38)
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$
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0.43
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Cash dividends declared per share
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$0.2400
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$0.2250
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Weighted-average shares used to compute net (loss) earnings per share:
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Basic
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1,295
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1,384
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Diluted(h)
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1,295
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1,397
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