Palo Alto Networks Financials

$17.7 B

Mkt cap, 18-Apr-2018
Cash, 31-Jan-2018915 M

Revenue/Financials

Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

598.2 m928.1 m1.4 b

Revenue growth, %

55%49%

Cost of goods sold

85.5 m131.1 m175.4 m

Gross profit

512.7 m797 m1.2 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 m22.3 m23.4 m

Pre tax profit

(32.9 m)(40.5 m)(205.1 m)

Income tax expense

4.3 m9.4 m20.8 m

Net Income

(226.5 m)(165 m)(225.9 m)

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

128.2 m141.1 m150.7 m192.3 m217.7 m234.2 m297.2 m334.7 m345.8 m398.1 m422.6 m431.8 m505.5 m

Cost of goods sold

33.8 m37.5 m39.7 m53.5 m59.3 m64.4 m79.2 m94.2 m94.9 m101.3 m113.2 m123.7 m141.4 m

Gross profit

94.4 m103.6 m111 m138.9 m158.3 m169.8 m218 m240.5 m250.9 m296.8 m309.4 m308.1 m364.1 m

Gross profit Margin, %

74%73%74%72%73%73%73%72%73%75%73%71%72%

Sales and marketing expense

67.4 m76.7 m84 m106.4 m122.9 m131 m158.3 m187.6 m202 m220.3 m226.7 m226.9 m

R&D expense

19.9 m24.3 m27.8 m37.3 m46.9 m48.5 m59.7 m74 m74 m84.6 m89.9 m86 m

General and administrative expense

14.1 m39.7 m23.7 m19 m27 m27 m30.8 m34.2 m33.5 m41.8 m47.2 m44.3 m

Operating expense total

101.4 m140.7 m256.7 m162.6 m196.8 m206.5 m248.8 m295.8 m309.5 m346.7 m363.8 m357.2 m418.4 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 m5.5 m5.6 m5.8 m5.8 m5.8 m6 m6.1 m6.2 m6.3 m

Interest income

160 k187 k272 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 m2.6 m1.3 m1.2 m(703 k)3.5 m4.3 m3.9 m6.8 m8.4 m2.8 m7.7 m8.2 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)

Balance Sheet

Annual

USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

18.8 m40.5 m322.6 m310.6 m653.8 m375.8 m734.4 m

Accounts Receivable

Inventories

50.3 m72.7 m84.8 m

Current Assets

958.3 m1.1 b1.7 b

PP&E

48.7 m62.9 m117.2 m

Goodwill

155 m163.5 m163.5 m

Total Assets

1.5 b2 b2.8 b

Accounts Payable

14.5 m13.2 m30.2 m

Short-term debt

Current Liabilities

348.2 m1 b846.8 m

Long-term debt

Additional Paid-in Capital

804.4 m988.7 m

Retained Earnings

(335.7 m)(500.7 m)(726.6 m)

Total Equity

487.9 m789.9 m

Financial Leverage

4 x3.5 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

266.2 m261.9 m234.8 m543.7 m343 m454.1 m275.8 m413.2 m550 m839.4 m761.4 m692 m842.6 m915 m

Accounts Receivable

81.3 m

Inventories

185.5 m

Current Assets

552.3 m555.3 m516.4 m933.6 m861.5 m1 b1 b1.3 b1.4 b1.9 b1.9 b1.9 b2 b

PP&E

42.4 m45.7 m48.5 m49.8 m52.6 m59.5 m76.7 m92.6 m100.5 m125 m154.1 m192.3 m256.9 m

Goodwill

155.1 m155 m155.4 m155.4 m163.5 m163.5 m163.5 m163.5 m163.5 m238.8 m238.8 m

Total Assets

639.9 m689 m880.4 m1.5 b1.7 b1.8 b2.1 b2.3 b2.5 b3 b3.2 b3.3 b3.5 b

Accounts Payable

15.2 m10.3 m24.6 m10.5 m14 m14.7 m17.5 m32.5 m24.3 m29.2 m28 m33.2 m38.8 m

Current Liabilities

228.3 m262.8 m435.4 m361 m415.1 m944 m1.1 b1.2 b1.2 b1.4 b993.6 m1.1 b1.7 b

Additional Paid-in Capital

406.9 m441.5 m575.3 m859 m924.6 m908.9 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 m592.8 m659 m856.9 m870.6 m813.1 m665.5 m

Financial Leverage

3.9 x3.9 x3.8 x3.5 x3.6 x4 x5.2 x

Cash Flow

Annual

usdFY, 2014FY, 2015FY, 2016

Net Income

(226.5 m)(165 m)(225.9 m)

Depreciation and Amortization

19.4 m28.9 m42.8 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 m350.3 m658.1 m

Cash From Investing Activities

(320.3 m)(679 m)(338.9 m)

Cash From Financing Activities

575.1 m50.7 m39.4 m

Interest Paid

44 k61 k

Income Taxes Paid

1.5 m17.5 m7.1 m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 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 m14 m14.7 m17.5 m32.5 m24.3 m29.2 m28 m33.2 m
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Operating Metrics

Palo Alto Networks's Enterprise Customers was reported to be 39.5 k in Q3, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Jun, 2017

Billings

$771.40 m$240.49 k$282.78 m$302.22 m$1.22 b$388 m$459 m$544.10 m$1.91 b$516.90 m$561.60 m$486.20 m

Countries

150

Enterprise Customers

19 k21 k22.50 k24 k26 k28 k30 k31 k34 k35.50 k37.50 k39.50 k
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