Palo Alto Networks (PANW) Financials

-2.16 (-1%)

$20.1 B

PANW Mkt cap, 18-Jul-2018

Palo Alto Networks Cash, 31-Jan-2018915 M

Palo Alto Networks revenue was $1.38 b in FY, 2016 which is a 48.5% year over year increase from the previous period.

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Palo Alto Networks revenue breakdown by geographic segment: 11.5% from APAC, 70.6% from Americas and 17.9% from EMEA

USD	FY, 2014	FY, 2015	FY, 2016
Revenue	598.2 m	928.1 m	1.4 b
Revenue growth, %		55%	49%
Cost of goods sold	85.5 m	131.1 m	175.4 m
Gross profit	512.7 m	797 m	1.2 b
Gross profit Margin, %	86%	86%	87%
Sales and marketing expense			776 m
R&D expense			284.2 m
General and administrative expense			138.4 m
Operating expense total			1.2 b
EBIT	(215.3 m)	(133.5 m)	(190.1 m)
EBIT margin, %	(36%)	(14%)	(14%)
Interest expense	1.9 m	22.3 m	23.4 m
Pre tax profit	(32.9 m)	(40.5 m)	(205.1 m)
Income tax expense	4.3 m	9.4 m	20.8 m
Net Income	(226.5 m)	(165 m)	(225.9 m)

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Revenue	128.2 m	141.1 m	150.7 m	192.3 m	217.7 m	234.2 m	297.2 m	334.7 m	345.8 m	398.1 m	422.6 m	431.8 m	505.5 m
Cost of goods sold	33.8 m	37.5 m	39.7 m	53.5 m	59.3 m	64.4 m	79.2 m	94.2 m	94.9 m	101.3 m	113.2 m	123.7 m	141.4 m
Gross profit	94.4 m	103.6 m	111 m	138.9 m	158.3 m	169.8 m	218 m	240.5 m	250.9 m	296.8 m	309.4 m	308.1 m	364.1 m
Gross profit Margin, %	74%	73%	74%	72%	73%	73%	73%	72%	73%	75%	73%	71%	72%
Sales and marketing expense	67.4 m	76.7 m	84 m	106.4 m	122.9 m	131 m	158.3 m	187.6 m	202 m	220.3 m	226.7 m	226.9 m
R&D expense	19.9 m	24.3 m	27.8 m	37.3 m	46.9 m	48.5 m	59.7 m	74 m	74 m	84.6 m	89.9 m	86 m
General and administrative expense	14.1 m	39.7 m	23.7 m	19 m	27 m	27 m	30.8 m	34.2 m	33.5 m	41.8 m	47.2 m	44.3 m
Operating expense total	101.4 m	140.7 m	256.7 m	162.6 m	196.8 m	206.5 m	248.8 m	295.8 m	309.5 m	346.7 m	363.8 m	357.2 m	418.4 m
EBIT	(7 m)	(37.2 m)	(145.7 m)	(23.8 m)	(38.5 m)	(36.7 m)	(30.8 m)	(55.3 m)	(58.6 m)	(49.9 m)	(54.4 m)	(49.1 m)
EBIT margin, %	(5%)	(26%)	(97%)	(12%)	(18%)	(16%)	(10%)	(17%)	(17%)	(13%)	(13%)	(11%)
Interest expense				5.5 m	5.5 m	5.6 m	5.8 m	5.8 m	5.8 m	6 m	6.1 m	6.2 m	6.3 m
Interest income	160 k	187 k	272 k
Pre tax profit	(6.6 m)	(37.3 m)	(145.3 m)	(28.9 m)	(43.7 m)	(42.4 m)	(34.4 m)	(58.6 m)	(63.4 m)	(53.4 m)	(57.8 m)	(53.2 m)
Income tax expense	1.2 m	2.6 m	1.3 m	1.2 m	(703 k)	3.5 m	4.3 m	3.9 m	6.8 m	8.4 m	2.8 m	7.7 m	8.2 m
Net Income	(7.9 m)	(39.9 m)	(146.6 m)	(30.1 m)	(43 m)	(45.9 m)	(38.7 m)	(62.5 m)	(70.2 m)	(61.8 m)	(60.6 m)	(60.9 m)

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018
Cash	266.2 m	261.9 m	234.8 m	543.7 m	343 m	454.1 m	275.8 m	413.2 m	550 m	839.4 m	761.4 m	692 m	842.6 m	915 m
Accounts Receivable													81.3 m
Inventories													185.5 m
Current Assets	552.3 m	555.3 m	516.4 m	933.6 m	861.5 m	1 b	1 b	1.3 b	1.4 b	1.9 b	1.9 b	1.9 b	2 b
PP&E	42.4 m	45.7 m	48.5 m	49.8 m	52.6 m	59.5 m	76.7 m	92.6 m	100.5 m	125 m	154.1 m	192.3 m	256.9 m
Goodwill			155.1 m	155 m	155.4 m	155.4 m	163.5 m	163.5 m	163.5 m	163.5 m	163.5 m	238.8 m	238.8 m
Total Assets	639.9 m	689 m	880.4 m	1.5 b	1.7 b	1.8 b	2.1 b	2.3 b	2.5 b	3 b	3.2 b	3.3 b	3.5 b
Accounts Payable	15.2 m	10.3 m	24.6 m	10.5 m	14 m	14.7 m	17.5 m	32.5 m	24.3 m	29.2 m	28 m	33.2 m	38.8 m
Current Liabilities	228.3 m	262.8 m	435.4 m	361 m	415.1 m	944 m	1.1 b	1.2 b	1.2 b	1.4 b	993.6 m	1.1 b	1.7 b
Additional Paid-in Capital	406.9 m	441.5 m	575.3 m	859 m	924.6 m	908.9 m
Retained Earnings	(117.1 m)	(157.1 m)	(303.7 m)	(365.8 m)	(408.8 m)	(454.7 m)	(539.4 m)	(601.9 m)	(672.1 m)	(683.4 m)	(737.6 m)	(798.5 m)	(900.7 m)
Total Equity							543.8 m	592.8 m	659 m	856.9 m	870.6 m	813.1 m	665.5 m
Financial Leverage							3.9 x	3.9 x	3.8 x	3.5 x	3.6 x	4 x	5.2 x

usd	FY, 2014	FY, 2015	FY, 2016
Net Income	(226.5 m)	(165 m)	(225.9 m)
Depreciation and Amortization	19.4 m	28.9 m	42.8 m
Accounts Receivable	(48 m)	(77 m)	(140 m)
Accounts Payable	(1.1 m)	(3.5 m)	15.1 m
Cash From Operating Activities	88.4 m	350.3 m	658.1 m
Cash From Investing Activities	(320.3 m)	(679 m)	(338.9 m)
Cash From Financing Activities	575.1 m	50.7 m	39.4 m
Interest Paid	44 k	61 k
Income Taxes Paid	1.5 m	17.5 m	7.1 m

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q2, 2018
Net Income	(7.9 m)	(39.9 m)	(146.6 m)	(30.1 m)	(43 m)	(45.9 m)	(38.7 m)	(62.5 m)	(70.2 m)	(61.8 m)	(60.6 m)	(60.9 m)
Accounts Receivable													67 m
Accounts Payable				10.5 m	14 m	14.7 m	17.5 m	32.5 m	24.3 m	29.2 m	28 m	33.2 m

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Palo Alto Networks's Enterprise Customers was reported to be 50 k in May, 2018.

	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	May, 2018
Billings	$240.49 k	$282.78 m	$302.22 m	$388 m	$459 m	$544.10 m	$516.90 m	$561.60 m	$486.20 m
Enterprise Customers	21 k	22.50 k	24 k	28 k	30 k	31 k	35.50 k	37.50 k	39.50 k	50 k