Palo Alto Networks, Inc. (PANW) financial statements (2021 and earlier)

Company profile

Business Address 3000 TANNERY WAY
SANTA CLARA, CA 95054
State of Incorp. DE
Fiscal Year End July 31
SIC 3577 - Computer Peripheral Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

1/31/2021
TTM
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,1713,7482,8033,4031,3751,286789
Cash and cash equivalents2,1132,9589612,507744734376
Short-term investments1,0587901,842897631551413
Receivables6961,037582467432349212
Other undisclosed current assets4093442792611698573
Total current assets:4,2765,1293,6654,1321,9761,7191,074
Noncurrent Assets
Operating lease, right-of-use asset252259 
Property, plant and equipment33134829627321111763
Long-term investments and receivables857554575548789653539
Long-term investments857554575548789653539
Intangible assets, net (including goodwill)3,1252,1711,633664293208216
Goodwill2,5841,8131,352523239164164
Intangible assets, net (excluding goodwill)541358281141544453
Other noncurrent assets6486044232071696573
Total noncurrent assets:5,2133,9362,9271,6911,4621,042891
TOTAL ASSETS:9,4889,0656,5925,8233,4382,7611,965
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities56164347132015310493
Accounts payable45647349363013
Accrued liabilities255257162107   
Employee-related liabilities2613222361641187480
Deferred revenue2,2902,049 
Debt1,526  550  487
Deferred revenue and credits1,269968704424
Contract with customer, liability1,582 
Other undisclosed current liabilities    803928
Total current liabilities:4,3762,6922,0532,1391,2018471,032
Noncurrent Liabilities
Long-term debt and lease obligation1,9473,4211,4301,370525508 
Long-term debt, excluding current maturities1,6293,0841,4301,370525508 
Operating lease, liability318337 
Liabilities, other than long-term debt1,9671,8511,5231,326953616357
Deferred revenue and credits1,096805537290
Deferred revenue1,8731,761 
Contract with customer, liability1,307 
Other liabilities94902162301487967
Other undisclosed noncurrent liabilities161      
Total noncurrent liabilities:4,0755,2722,9532,6951,4771,125357
Total liabilities:8,4517,9645,0064,8352,6791,9711,389
Temporary equity, carrying amount   22  88
Stockholders' equity
Stockholders' equity attributable to parent, including:1,0371,1021,586966760790488
Common stock      0
Additional paid in capital      989
Accumulated other comprehensive income (loss)1011(4)(16)(3)1(0)
Accumulated deficit(1,402)(1,168)(901)(985)(837)(727)(501)
Other undisclosed stockholders' equity attributable to parent2,4302,2592,4911,9671,6001,516 
Total stockholders' equity:1,0371,1021,586966760790488
TOTAL LIABILITIES AND EQUITY:9,4889,0656,5925,8233,4382,7611,965

Income statement (P&L) ($ in millions)

1/31/2021
TTM
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
Revenues3,7833,4082,9002,2731,7621,379928
Revenue, net2,2731,7621,379928
Cost of revenue
(Cost of Goods and Services Sold)
(1,134)(1,000)(808)(645)(477)(370)(251)
Gross profit:2,6492,4092,0911,6281,2851,009677
Operating expenses(2,856)(2,588)(2,145)(1,757)(1,465)(1,199)(810)
Operating loss:(208)(179)(54)(129)(180)(190)(134)
Nonoperating income353663291080
Foreign currency transaction gain (loss), before tax0   (3)  
Other nonoperating income (expense)35366329(1)  
Interest and debt expense(132)(89)(84)(30)(25)(23)(22)
Loss from continuing operations before equity method investments, income taxes:(304)(232)(75)(130)(194)(205)(156)
Other undisclosed loss from continuing operations before income taxes(25)      
Loss from continuing operations before income taxes:(329)(232)(75)(130)(194)(205)(156)
Income tax expense(40)(35)(7)(18)(23)(21)(9)
Net loss available to common stockholders, diluted:(368)(267)(82)(148)(217)(226)(165)

Comprehensive Income ($ in millions)

1/31/2021
TTM
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
Net loss:(368)(267)(82)(148)(217)(226)(165)
Other comprehensive income (loss)121413(13)(4)10
Comprehensive loss, net of tax, attributable to parent:(357)(253)(69)(161)(221)(225)(165)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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