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 1,2541,2991,197597547605
Cash and cash equivalents 337363448244184605
Short-term investments 916937749353363 
Receivables 461459379243169126
Inventory, net of allowances, customer advances and progress billings 473945342321
Inventory 473945342321
Other undisclosed current assets 1479481704136
Total current assets: 1,9081,8901,702945780788
Noncurrent Assets
Operating lease, right-of-use asset 135113
Property, plant and equipment 163123125898253
Intangible assets, net (including goodwill) 4359631577
Goodwill 3593811   
Intangible assets, net (excluding goodwill) 775820577
Restricted cash and investments 111516   
Other noncurrent assets 372512393123
Deferred tax assets, net1111
Other undisclosed noncurrent assets 13110286   
Total noncurrent assets: 91147427113512083
TOTAL ASSETS: 2,8192,3641,9731,079900871
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 29423124317111487
Accounts payable 6878103845338
Accrued liabilities 624740272214
Employee-related liabilities 161107100603933
Taxes payable 4    2
Deferred revenue 438356
Debt  27    
Business combination, contingent consideration, liability 10     
Deferred revenue and credits20915895
Contract with customer, liability267
Other undisclosed current liabilities 19  013
Total current liabilities: 761615510381273185
Noncurrent Liabilities
Long-term debt and lease obligation 876570450   
Long-term debt, excluding current maturities 756477450   
Operating lease, liability 12093
Liabilities, other than long-term debt 433349276201148123
Deferred revenue and credits197145122
Deferred revenue 405341
Contract with customer, liability269
Other liabilities 2786431
Total noncurrent liabilities: 1,309919725201148123
Total liabilities: 2,0691,5341,235582421307
Stockholders' equity
Stockholders' equity attributable to parent 750830738498478563
Common stock 000000
Additional paid in capital 2,3082,1081,8201,4801,2811,119
Accumulated other comprehensive income (loss) 75(0)(2)(1) 
Accumulated deficit (1,565)(1,283)(1,082)(980)(802)(555)
Total stockholders' equity: 750830738498478563
TOTAL LIABILITIES AND EQUITY: 2,8192,3641,9731,079900871

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 1,6841,6431,3601,023728440
Revenue, net1,023728440
Cost of revenue
(Cost of Goods and Services Sold)
 (535)(510)(458)(354)(252)(168)
Gross profit: 1,1491,134902669476272
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)112(2)
Investment income, nonoperating 172718 0 
Foreign currency transaction gain (loss), before tax 3(3)(5)6(3)(2)
Other nonoperating income 211   
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 312822   
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) 262(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.

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