8-KExhibits & Filings

Hewlett Packard Enterprise Co 8-K Report, Exhibit Filing (Sep 7, 2017)

Filed September 7, 2017For Securities:HPEHPE-PC

Summary

Hewlett Packard Enterprise Company (HPE) filed an 8-K on September 7, 2017, primarily to disclose unaudited pro forma condensed consolidated and combined financial statements and supplemental information. These documents relate to the proposed separation and combination of HPE's non-core assets, which include the Enterprise Services business segment, with Computer Sciences Corporation (CSC). The pro forma statements provide a look at how the combined entity, to be named DXC Technology, would have performed historically as if the transaction had occurred at an earlier date. Investors should focus on these pro forma financials to understand the potential revenue, profitability, and financial position of the new, combined company and to assess the strategic implications of this significant divestiture for HPE's future business model and financial profile.

Key Highlights

  • 1HPE filed an 8-K on September 7, 2017, disclosing pro forma financial information related to the separation and combination of its Enterprise Services business with CSC.
  • 2The filing includes Unaudited Pro Forma Condensed Consolidated and Combined Financial Statements (Exhibit 99.1).
  • 3Supplemental Unaudited Pro Forma Consolidated and Combined Financial Information is also provided (Exhibit 99.2).
  • 4These pro forma statements are crucial for understanding the financial picture of the intended combined entity, DXC Technology.
  • 5Investors can use this information to assess the historical performance of the combined business before the actual transaction.
  • 6The filing signals a significant strategic move by HPE to streamline its operations by divesting its non-core Enterprise Services segment.

Frequently Asked Questions

The primary purpose of this 8-K filing is to provide investors with unaudited pro forma condensed consolidated and combined financial statements and supplemental information related to the proposed separation of HPE's Enterprise Services business and its combination with Computer Sciences Corporation (CSC).

The pro forma financial statements are important because they show how the combined entity (DXC Technology) would have likely performed historically as if the transaction had already taken place. This helps investors understand the projected financial characteristics of the new company and assess its potential.

The transaction involves the separation and combination of HPE's Enterprise Services business segment with Computer Sciences Corporation (CSC). These are considered HPE's 'non-core' assets in the context of this deal.

The combined entity resulting from the merger of HPE's Enterprise Services business and CSC is expected to be named DXC Technology.