Palo Alto Networks market cap is $33.3 b, and annual revenue was $3.41 b in FY 2020

Palo Alto Networks Gross profit (Q2, 2021)709.3 M

Palo Alto Networks Gross profit margin (Q2, 2021), %69.8%

Palo Alto Networks Net income (Q2, 2021)-142.3 M

Palo Alto Networks EBIT (Q2, 2021)-88.8 M

Palo Alto Networks Cash, 31-Jan-20212.1 B

Palo Alto Networks EV34.6 B

Palo Alto Networks revenue was $3.41 b in FY, 2020 which is a 17.5% year over year increase from the previous period.

Palo Alto Networks revenue breakdown by business segment: 31.2% from Product and 68.8% from Subscription and Support

Palo Alto Networks revenue breakdown by geographic segment: 12.2% from APAC, 68.3% from Americas and 19.5% from EMEA

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Revenue | 2.3b | 2.9b | 3.4b |

| 29% | 28% | 18% |

## Cost of goods sold | 645.3m | 808.4m | 999.5m |

## Gross profit | 1.6b | 2.1b | 2.4b |

| 72% | 72% | 71% |

## Sales and marketing expense | 1.1b | 1.3b | 1.5b |

## R&D expense | 400.7m | 539.5m | 768.1m |

## General and administrative expense | 257.8m | 261.8m | 299.6m |

## Operating expense total | 1.8b | 2.1b | 2.6b |

## EBIT | (129.1m) | (54.1m) | (179.0m) |

| (6%) | (2%) | (5%) |

## Interest expense | 29.6m | 83.9m | 88.7m |

## Pre tax profit | (130.2m) | (74.6m) | (231.8m) |

## Income tax expense | 17.7m | 7.3m | 35.2m |

## Net Income | (147.9m) | (81.9m) | (267.0m) |

## EPS | (1.6) | (0.9) | (2.8) |

USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
---|---|---|---|---|---|---|---|---|

## Revenue | 656.0m | 711.2m | 726.6m | 771.9m | 816.7m | 869.4m | 946.0m | 1.0b |

## Cost of goods sold | 183.5m | 202.6m | 204.9m | 217.7m | 233.1m | 258.3m | 277.8m | 307.6m |

## Gross profit | 472.5m | 508.6m | 521.7m | 554.2m | 583.6m | 611.1m | 668.2m | 709.3m |

| 72% | 72% | 72% | 72% | 71% | 70% | 71% | 70% |

## Sales and marketing expense | 314.6m | 320.0m | 339.0m | 365.7m | 374.9m | 388.4m | 388.6m | 427.4m |

## R&D expense | 113.4m | 128.3m | 139.1m | 170.5m | 185.4m | 196.3m | 237.4m | 266.7m |

## General and administrative expense | 76.6m | 53.7m | 62.3m | 69.8m | 76.2m | 82.9m | 86.7m | 104.0m |

## Operating expense total | 504.6m | 502.0m | 540.4m | 606.0m | 636.5m | 667.6m | 712.7m | 798.1m |

## EBIT | (32.1m) | 6.6m | (18.7m) | (51.8m) | (52.9m) | (56.5m) | (44.5m) | (88.8m) |

| (5%) | 1% | (3%) | (7%) | (6%) | (6%) | (5%) | (9%) |

## Interest expense | 22.7m | 20.6m | 20.6m | 18.9m | 19.0m | 19.4m | 40.2m | 40.7m |

## Pre tax profit | (41.8m) | 2.0m | (21.1m) | (54.5m) | (61.1m) | (67.8m) | (82.3m) | (130.0m) |

## Income tax expense | (3.5m) | 4.6m | (900.0k) | 5.1m | 12.6m | 7.0m | 9.9m | 12.3m |

## Net Income | (38.3m) | (2.6m) | (20.2m) | (59.6m) | (73.7m) | (74.8m) | (92.2m) | (142.3m) |

## EPS | (0.4) | 0.0 | (0.2) | (0.6) | (0.7) | (0.8) | (1.0) | (1.5) |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Cash | 2.5b | 961.4m | 3.0b |

## Accounts Receivable | 467.3m | 582.4m | 1.0b |

## Prepaid Expenses | 261.3m | 279.3m | 344.3m |

## Current Assets | 4.1b | 3.7b | 5.1b |

## PP&E | 273.1m | 296.0m | 348.1m |

## Goodwill | 522.8m | 1.4b | 1.8b |

## Total Assets | 5.8b | 6.6b | 9.1b |

## Accounts Payable | 49.4m | 73.3m | 63.6m |

## Short-term debt | 550.4m | ||

## Current Liabilities | 2.1b | 2.1b | 2.7b |

## Long-term debt | 1.4b | 1.4b | 3.4b |

## Total Debt | 1.9b | 1.4b | 3.4b |

## Total Liabilities | 4.9b | 5.0b | 8.0b |

## Additional Paid-in Capital | 2.0b | 2.5b | 2.3b |

## Retained Earnings | (984.6m) | (900.9m) | (1.2b) |

## Total Equity | 966.4m | 1.6b | 1.1b |

## Debt to Equity Ratio | 2 x | 0.9 x | 3.1 x |

## Debt to Assets Ratio | 0.3 x | 0.2 x | 0.4 x |

## Financial Leverage | 6 x | 4.2 x | 8.2 x |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Net Income | (147.9m) | (81.9m) | (267.0m) |

## Depreciation and Amortization | 96.4m | 153.8m | 206.1m |

## Accounts Receivable | (33.0m) | (108.7m) | (435.6m) |

## Accounts Payable | 3.7m | 32.3m | (12.8m) |

## Cash From Operating Activities | 1.0b | 1.1b | 1.0b |

## Purchases of PP&E | (112.0m) | (131.2m) | (214.4m) |

## Cash From Investing Activities | (520.0m) | (1.8b) | 288.0m |

## Long-term Borrowings | (477.4m) | ||

## Cash From Financing Activities | 1.2b | (773.9m) | 673.0m |

## Net Change in Cash | 1.8b | (1.5b) | 2.0b |

## Income Taxes Paid | 11.2m | 22.0m | 17.2m |

USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
---|---|---|---|---|---|---|---|---|

## Net Income | (38.3m) | (40.9m) | (61.1m) | (59.6m) | 133.3m | (208.1m) | (92.2m) | (234.5m) |

## Depreciation and Amortization | 32.5m | 71.3m | 111.6m | 44.0m | 92.4m | 145.6m | 58.0m | 122.9m |

## Accounts Receivable | 86.6m | 53.9m | 63.8m | 83.9m | 43.1m | (67.2m) | 382.3m | 398.7m |

## Accounts Payable | (800.0k) | (11.2m) | 23.2m | (2.5m) | (17.3m) | (22.8m) | (17.7m) | (23.6m) |

## Cash From Operating Activities | 252.3m | 527.7m | 824.1m | 225.2m | 532.1m | 702.0m | 534.9m | 899.4m |

## Purchases of PP&E | (34.3m) | (57.8m) | (78.1m) | (47.2m) | (96.3m) | (182.6m) | (29.6m) | (61.7m) |

## Cash From Investing Activities | (713.1m) | (1.2b) | (1.4b) | 244.5m | 680.9m | 955.6m | (886.2m) | (1.3b) |

## Long-term Borrowings | (275.0m) | (348.5m) | (348.5m) | |||||

## Cash From Financing Activities | (261.8m) | (669.6m) | (637.8m) | (167.1m) | (173.2m) | (1.1b) | (464.5m) | (469.9m) |

## Net Change in Cash | (722.6m) | (1.4b) | (1.2b) | 302.6m | 1.0b | 525.1m | (815.8m) | (841.1m) |

USD | FY, 2018 |
---|---|

## EV/EBIT | -138.1 x |

## EV/CFO | 17.2 x |

## Revenue/Employee | 425.0k |

## Debt/Equity | 2 x |

## Debt/Assets | 0.3 x |

## Financial Leverage | 6 x |

## P/E Ratio | (123.1) |

FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | Q1, 2021 | Q2, 2021 | |
---|---|---|---|---|---|---|---|---|---|---|---|

## Billings | $2.86 b | $758.5 m | $852.5 m | $821.9 m | $3.49 b | $897.4 m | $998.9 m | $1.02 b | $4.3 b | $1.08 b | $1.21 b |

## Countries (Customers) | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 170 | 170 | 170 |

## Customers to Date | 54 k | 75 k | 80 k | ||||||||

## Customers to Date (Cloud and AI) | 8 k | 9 k | |||||||||

## Customers to Date (Network Security) | 73 k | 78 k |

Oct, 2020 | |
---|---|

Male (Directors), percent | 78.5% |

Female (Directors), percent | 21.5% |

- Source: www.paloaltonetworks.com

Oct, 2020 | |
---|---|

Hispanic (USA), percent | 6.7% |

Asian (USA), percent | 38.3% |

White (USA), percent | 47.7% |

Other | 7.3% |

- Source: www.paloaltonetworks.com