Pure Storage, Inc. (PSTG) financial statements (2023 and earlier)
Company profile
| Business Address |
650 CASTRO STREET, SUITE 400 MOUNTAIN VIEW, CA 94041 |
| State of Incorp. | DE |
| Fiscal Year End | January 31 |
| SIC | 3572 - Computer Storage Devices (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 10/31/2021 TTM | 1/31/2021 | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,254 | 1,299 | 1,197 | 597 | 547 | 605 | |||
| Cash and cash equivalents | 337 | 363 | 448 | 244 | 184 | 605 | |||
| Short-term investments | 916 | 937 | 749 | 353 | 363 | ||||
| Receivables | 461 | 459 | 379 | 243 | 169 | 126 | |||
| Inventory, net of allowances, customer advances and progress billings | 47 | 39 | 45 | 34 | 23 | 21 | |||
| Inventory | 47 | 39 | 45 | 34 | 23 | 21 | |||
| Other undisclosed current assets | 147 | 94 | 81 | 70 | 41 | 36 | |||
| Total current assets: | 1,908 | 1,890 | 1,702 | 945 | 780 | 788 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 135 | 113 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 163 | 123 | 125 | 89 | 82 | 53 | |||
| Intangible assets, net (including goodwill) | 435 | 96 | 31 | 5 | 7 | 7 | |||
| Goodwill | 359 | 38 | 11 | ||||||
| Intangible assets, net (excluding goodwill) | 77 | 58 | 20 | 5 | 7 | 7 | |||
| Restricted cash and investments | 11 | 15 | 16 | ||||||
| Other noncurrent assets | 37 | 25 | 12 | 39 | 31 | 23 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 1 | 1 | 1 | 1 | ||
| Other undisclosed noncurrent assets | 131 | 102 | 86 | ||||||
| Total noncurrent assets: | 911 | 474 | 271 | 135 | 120 | 83 | |||
| TOTAL ASSETS: | 2,819 | 2,364 | 1,973 | 1,079 | 900 | 871 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 294 | 231 | 243 | 171 | 114 | 87 | |||
| Accounts payable | 68 | 78 | 103 | 84 | 53 | 38 | |||
| Accrued liabilities | 62 | 47 | 40 | 27 | 22 | 14 | |||
| Employee-related liabilities | 161 | 107 | 100 | 60 | 39 | 33 | |||
| Taxes payable | 4 | 2 | |||||||
| Deferred revenue | 438 | 356 | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 27 | ||||||||
| Business combination, contingent consideration, liability | 10 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 209 | 158 | 95 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 267 | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 19 | 0 | 1 | 3 | |||||
| Total current liabilities: | 761 | 615 | 510 | 381 | 273 | 185 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 876 | 570 | 450 | ||||||
| Long-term debt, excluding current maturities | 756 | 477 | 450 | ||||||
| Operating lease, liability | 120 | 93 | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 433 | 349 | 276 | 201 | 148 | 123 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 197 | 145 | 122 | ||
| Deferred revenue | 405 | 341 | ✕ | ✕ | ✕ | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | 269 | ✕ | ✕ | ✕ | ||
| Other liabilities | 27 | 8 | 6 | 4 | 3 | 1 | |||
| Total noncurrent liabilities: | 1,309 | 919 | 725 | 201 | 148 | 123 | |||
| Total liabilities: | 2,069 | 1,534 | 1,235 | 582 | 421 | 307 | |||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 750 | 830 | 738 | 498 | 478 | 563 | |||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Additional paid in capital | 2,308 | 2,108 | 1,820 | 1,480 | 1,281 | 1,119 | |||
| Accumulated other comprehensive income (loss) | 7 | 5 | (0) | (2) | (1) | ||||
| Accumulated deficit | (1,565) | (1,283) | (1,082) | (980) | (802) | (555) | |||
| Total stockholders' equity: | 750 | 830 | 738 | 498 | 478 | 563 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,819 | 2,364 | 1,973 | 1,079 | 900 | 871 | |||
Income statement (P&L) ($ in millions)
| 10/31/2021 TTM | 1/31/2021 | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,684 | 1,643 | 1,360 | 1,023 | 728 | 440 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 1,023 | 728 | 440 | |
| Cost of revenue (Cost of Goods and Services Sold) | (535) | (510) | (458) | (354) | (252) | (168) | ||
| Gross profit: | 1,149 | 1,134 | 902 | 669 | 476 | 272 | ||
| Operating expenses | (1,410) | (1,325) | (1,072) | (854) | (721) | (483) | ||
| Operating loss: | (261) | (191) | (169) | (185) | (245) | (210) | ||
| Nonoperating income (expense) | (9) | (3) | (8) | 11 | 2 | (2) | ||
| Investment income, nonoperating | 17 | 27 | 18 | 0 | ||||
| Foreign currency transaction gain (loss), before tax | 3 | (3) | (5) | 6 | (3) | (2) | ||
| Other nonoperating income | 2 | 1 | 1 | |||||
| Interest and debt expense | (31) | (28) | (22) | |||||
| Loss from continuing operations before equity method investments, income taxes: | (302) | (223) | (199) | (174) | (243) | (212) | ||
| Other undisclosed income from continuing operations before income taxes | 31 | 28 | 22 | |||||
| Loss from continuing operations before income taxes: | (270) | (195) | (177) | (174) | (243) | (212) | ||
| Income tax expense | (12) | (6) | (1) | (4) | (2) | (2) | ||
| Net loss available to common stockholders, diluted: | (282) | (201) | (178) | (178) | (245) | (214) | ||
Comprehensive Income ($ in millions)
| 10/31/2021 TTM | 1/31/2021 | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (282) | (201) | (178) | (178) | (245) | (214) | ||
| Other comprehensive income (loss) | 2 | 6 | 2 | (1) | (1) | |||
| Comprehensive loss, net of tax, attributable to parent: | (280) | (195) | (177) | (179) | (246) | (214) | ||
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.