EX-12 4 ex-12x10312016.htm EXHIBIT 12 Exhibit


Exhibit 12
HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
Statements of Computation of Ratio of Earnings to Fixed Charges(1) 
 
 
For the fiscal years ended October 31,
 
 
2016
 
2015
 
2014
 
2013
 
2012
 
 
In millions, except ratios
Earnings (loss):
 
 

 
 

 
 

 
 

 
 

Earnings (loss) before taxes
 
$
4,079

 
$
1,470

 
$
2,244

 
$
2,871

 
$
(14,314
)
Adjustments:
 
 

 
 

 
 

 
 

 
 

Non-controlling interests in the income of subsidiaries with fixed charges
 
51

 
51

 
46

 
69

 
102

Undistributed loss (earnings) of equity method investees
 
76

 
2

 
(4
)
 
(4
)
 
(6
)
Fixed charges
 
761

 
507

 
629

 
658

 
698

 

$
4,967


$
2,030


$
2,915


$
3,594


$
(13,520
)
Fixed charges:
 
 

 
 

 
 

 
 

 
 

Total interest expense, including interest expense on borrowings, amortization of debt discount and premium on all indebtedness and other
 
$
576

 
$
280

 
$
357

 
$
381

 
$
389

Interest included in rent
 
185

 
227

 
272

 
277

 
309

Total fixed charges

$
761


$
507


$
629


$
658


$
698

Ratio of earnings to fixed charges (excess of fixed charges over earnings)               
 
6.5x

 
4.0x

 
4.6x

 
5.5x

 
$
(14,218
)
_______________________________________________________________________________
(1)
The Company computed the ratio of earnings to fixed charges by dividing earnings (earnings (loss) before taxes, adjusted for fixed charges, non-controlling interests in the income of subsidiaries with fixed charges and undistributed (earnings) or loss of equity method investees) by fixed charges for the periods indicated. Fixed charges include (i) interest expense on borrowings and amortization of debt discount or premium on all indebtedness and other, and (ii) a reasonable approximation of the interest factor deemed to be included in rent expense.