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HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(In millions)
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Three months ended April 30, 2020
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Six months ended April 30, 2020
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Cash flows from operating activities:
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Net loss
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$
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(821)
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$
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(488)
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Adjustments to reconcile net earnings to net cash provided by operating activities:
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Depreciation and amortization
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641
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1,331
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Impairment of goodwill
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865
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865
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Stock-based compensation expense
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67
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160
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Provision for doubtful accounts and inventory
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87
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128
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Restructuring charges
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164
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248
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Deferred taxes on earnings
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(75)
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(103)
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Loss (earnings) from equity interests
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10
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(23)
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Other, net
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44
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8
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Changes in operating assets and liabilities, net of acquisitions:
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Accounts receivable
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241
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323
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Financing receivables
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31
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(73)
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Inventory
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(992)
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(1,196)
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Accounts payable
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177
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(73)
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Taxes on earnings
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(98)
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(125)
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Restructuring
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(157)
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(244)
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Other assets and liabilities
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(84)
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(717)
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Net cash provided by operating activities
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100
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21
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Cash flows from investing activities:
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Investment in property, plant and equipment
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(591)
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(1,159)
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Proceeds from sale of property, plant and equipment
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89
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551
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Purchases of available-for-sale securities and other investments
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(14)
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(73)
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Maturities and sales of available-for-sale securities and other investments
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20
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28
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Financial collateral posted
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(3)
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(51)
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Financial collateral received
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466
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613
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Payments made in connection with business acquisitions, net of cash acquired
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(7)
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(13)
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Net cash used in investing activities
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(40)
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(104)
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Cash flows from financing activities:
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Short-term borrowings with original maturities less than 90 days, net
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(45)
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82
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Proceeds from debt, net of issuance costs
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3,225
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3,565
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Payment of debt
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(481)
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(931)
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Net proceeds related to stock-based award activities
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(4)
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(47)
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Repurchase of common stock
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(151)
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(355)
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Cash dividends paid to non-controlling interests
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(8)
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(8)
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Contributions from non-controlling interests
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—
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1
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Cash dividends paid
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(154)
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(310)
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Net cash provided by financing activities
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2,382
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1,997
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Increase in cash, cash equivalents and restricted cash
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2,442
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1,914
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Cash, cash equivalents and restricted cash at beginning of period
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3,548
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4,076
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Cash, cash equivalents and restricted cash at end of period
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$
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5,990
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$
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5,990
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