Palo Alto Networks, Inc. (PANW) financial statements (2022 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)

1/31/2022
TTM
7/31/2021
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,3402,9013,7482,8033,4031,3751,286
Cash and cash equivalents1,9231,8742,9589612,507744734
Short-term investments1,4181,0277901,842897631551
Receivables1,0651,3191,037582467432349
Contract with customer, asset278    
Capitalized contract cost 277   
Other undisclosed current assets18515034427926116985
Total current assets:4,8694,6475,1293,6654,1321,9761,719
Noncurrent Assets
Operating lease, right-of-use asset239263259 
Property, plant and equipment363318348296273211117
Long-term investments and receivables851888554575548789653
Long-term investments851888554575548789653
Intangible assets, net (including goodwill)3,1753,2092,1711,633664293208
Goodwill2,7312,7101,8131,352523239164
Intangible assets, net (excluding goodwill)4444993582811415444
Contract with customer, asset, net472    
Capitalized contract cost, net 495   
Other noncurrent assets43242160442320716965
Total noncurrent assets:5,5325,5943,9362,9271,6911,4621,042
TOTAL ASSETS:10,40110,2429,0656,5925,8233,4382,761
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities774817643471320153104
Accounts payable120576473493630
Accrued liabilities324329257162107  
Employee-related liabilities33043132223616411874
Deferred revenue2,9582,7422,049 
Debt3,6741,558  550  
Deferred revenue and credits1,269968704
Contract with customer, liability1,582 
Other undisclosed current liabilities     8039
Total current liabilities:7,4065,1172,6922,0532,1391,201847
Noncurrent Liabilities
Long-term debt and lease obligation2821,9823,4211,4301,370525508
Long-term debt, excluding current maturities 1,6683,0841,4301,370525508
Operating lease, liability282313337 
Liabilities, other than long-term debt2,5942,3801,8511,5231,326953616
Deferred revenue and credits1,096805537
Deferred revenue2,4912,2821,761 
Contract with customer, liability1,307 
Other liabilities103989021623014879
Total noncurrent liabilities:2,8764,3615,2722,9532,6951,4771,125
Total liabilities:10,2839,4787,9645,0064,8352,6791,971
Temporary equity, carrying amount 129  22  
Stockholders' equity
Stockholders' equity attributable to parent, including:1186351,1021,586966760790
Accumulated other comprehensive income (loss)(30)(10)11(4)(16)(3)1
Accumulated deficit(1,597)(1,667)(1,168)(901)(985)(837)(727)
Other undisclosed stockholders' equity attributable to parent1,7452,3112,2592,4911,9671,6001,516
Total stockholders' equity:1186351,1021,586966760790
TOTAL LIABILITIES AND EQUITY:10,40110,2429,0656,5925,8233,4382,761

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

1/31/2022
TTM
7/31/2021
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
Revenues4,8584,2563,4082,9002,2731,7621,379
Revenue, net2,2731,7621,379
Cost of revenue
(Cost of Goods and Services Sold)
(1,475)(1,275)(1,000)(808)(645)(477)(370)
Gross profit:3,3822,9812,4092,0911,6281,2851,009
Operating expenses(3,710)(3,285)(2,588)(2,145)(1,757)(1,465)(1,199)
Operating loss:(327)(304)(179)(54)(129)(180)(190)
Nonoperating income (expense)(3)(6)366329108
Foreign currency transaction loss, before tax(4)(5)   (3) 
Other nonoperating income (expense)1(1)366329(1) 
Interest and debt expense(96)(163)(89)(84)(30)(25)(23)
Loss from continuing operations before equity method investments, income taxes:(426)(474)(232)(75)(130)(194)(205)
Other undisclosed income from continuing operations before income taxes29     
Loss from continuing operations before income taxes:(425)(465)(232)(75)(130)(194)(205)
Income tax expense(37)(34)(35)(7)(18)(23)(21)
Net loss available to common stockholders, diluted:(462)(499)(267)(82)(148)(217)(226)

Comprehensive Income ($ in millions)

1/31/2022
TTM
7/31/2021
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
Net loss:(462)(499)(267)(82)(148)(217)(226)
Other comprehensive income (loss)(40)(20)1413(13)(4)1
Comprehensive loss, net of tax, attributable to parent:(502)(519)(253)(69)(161)(221)(225)

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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