Pure Storage, Inc. (PSTG) Financial Statements (2024 and earlier)

Company Profile

Business Address 2555 AUGUSTINE DRIVE
SANTA CLARA, CA 95054
State of Incorp. DE
Fiscal Year End January 31
Industry (SIC) 3572 - Computer Storage Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

10/31/2023
MRQ
1/31/2023
10/31/2022
MRQ
1/31/2022
1/31/2021
1/31/2020
1/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments581 4661,2541,2991,197
Cash and cash equivalents581 466337363448
Short-term investments    916937749
Receivables612 542461459379
Inventory, net of allowances, customer advances and progress billings50 39473945
Inventory50 39473945
Capitalized contract cost69 82   
Other undisclosed current assets1,163 1,0631479481
Total current assets:2,475 2,1921,9081,8901,702
Noncurrent Assets
Operating lease, right-of-use asset159 112135113
Property, plant and equipment   195163123125
Intangible assets, net (including goodwill)411 4214359631
Goodwill361 3593593811
Intangible assets, net (excluding goodwill)49 63775820
Capitalized contract cost, net177 165   
Restricted cash and investments11 11111516
Other noncurrent assets39 39372512
Deferred tax assets, net1
Other undisclosed noncurrent assets272  13110286
Total noncurrent assets:1,069 943911474271
TOTAL ASSETS:3,543 3,1352,8192,3641,973
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities366 326294231243
Taxes payable64  
Employee-related liabilities205161107100
Accounts payable67 716878103
Accrued liabilities298 43624740
Deferred revenue718 563438356
Debt580   27 
Business combination, contingent consideration, liability4 510  
Contract with customer, liability267
Other undisclosed current liabilities83 5919  
Total current liabilities:1,750 952761615510
Noncurrent Liabilities
Long-term debt and lease obligation  880876570450
Long-term debt, excluding current maturities  787756477450
Liabilities, other than long-term debt852 548433349276
Deferred revenue668 517405341
Contract with customer, liability269
Other liabilities42 312786
Operating lease, liability142 9312093
Total noncurrent liabilities:852 1,4291,309919725
Total liabilities:2,602 2,3812,0691,5341,235
Equity
Equity, attributable to parent941 754750830738
Common stock0 0000
Additional paid in capital2,494 2,4712,3082,1081,820
Accumulated other comprehensive income (loss)(16) (8)75(0)
Accumulated deficit(1,537) (1,708)(1,565)(1,283)(1,082)
Total equity:941 754750830738
TOTAL LIABILITIES AND EQUITY:3,543 3,1352,8192,3641,973

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

10/31/2023
TTM
1/31/2023
10/31/2022
TTM
1/31/2022
1/31/2021
1/31/2020
1/31/2019
Revenues2,753 2,1811,6841,6431,360
Cost of revenue
(Cost of Goods and Services Sold)
(856) (708)(535)(510)(458)
Gross profit:1,898 1,4731,1491,134902
Operating expenses(1,814) (1,571)(1,410)(1,325)(1,072)
Operating income (loss):84 (98)(261)(191)(169)
Nonoperating income (expense)8 (30)(9)(3)(8)
Investment income, nonoperating17 9172718
Gain (loss), foreign currency transaction, before tax(8) (5)3(3)(5)
Other nonoperating income4 2211
Interest and debt expense(5) (37)(31)(28)(22)
Income (loss) from continuing operations before equity method investments, income taxes:87 (165)(302)(223)(199)
Other undisclosed income (loss) from continuing operations before income taxes5 37312822
Income (loss) from continuing operations before income taxes:92 (128)(270)(195)(177)
Income tax expense(19) (15)(12)(6)(1)
Income (loss) from continuing operations:73 (143)(282)(201)(178)
Loss before gain (loss) on sale of properties:(143)(282)(201)(178)
Net income (loss) available to common stockholders, basic:73 (143)(282)(201)(178)
Other undisclosed net income available to common stockholders, diluted3     
Net income (loss) available to common stockholders, diluted:76 (143)(282)(201)(178)

Comprehensive Income ($ in millions)

10/31/2023
TTM
1/31/2023
10/31/2022
TTM
1/31/2022
1/31/2021
1/31/2020
1/31/2019
Net income (loss):73 (143)(282)(201)(178)
Other comprehensive income (loss)(7) (16)262
Comprehensive income (loss), net of tax, attributable to parent:66 (159)(280)(195)(177)

Statements Sources

The financial statements are based on the Company's filings with 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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