$5.6 B

PSTG Mkt cap, 20-Jul-2018

$255.9 M

Pure Storage Revenue Q1, 2019
Pure Storage Gross profit (Q1, 2019)166.3 M
Pure Storage Gross profit margin (Q1, 2019), %65%
Pure Storage Net income (Q1, 2019)-64.3 M
Pure Storage EBIT (Q1, 2019)-61.9 M
Pure Storage Cash, 30-Apr-2018735.1 M

Pure Storage Revenue

Pure Storage revenue was $1.02 b in FY, 2018

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Pure Storage Revenue Breakdown

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Pure Storage revenue breakdown by business segment: 19.0% from Support and 81.0% from Product

Pure Storage Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

174.5 m440.3 m728 m1 b

Revenue growth, %

152%65%

Cost of goods sold

77.6 m167.9 m252.3 m353.8 m

Gross profit

96.9 m272.4 m475.7 m669.2 m

Gross profit Margin, %

56%62%65%65%

Sales and marketing expense

152.3 m240.6 m360 m480 m

R&D expense

92.7 m166.6 m245.8 m279.2 m

General and administrative expense

32.4 m75.4 m84.7 m95.2 m

Operating expense total

277.4 m482.6 m690.5 m854.4 m

EBIT

(180.5 m)(210.2 m)(244.8 m)(185.2 m)

EBIT margin, %

(103%)(48%)(34%)(18%)

Pre tax profit

(181.2 m)(212.2 m)(243.2 m)(173.7 m)

Income tax expense

1.3 m1.6 m1.9 m3.9 m

Net Income

(183.2 m)(213.8 m)(245.1 m)(177.6 m)

Quarterly

USDQ3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

131.4 m139.9 m163.2 m197 m182.6 m224.5 m277.7 m255.9 m

Cost of goods sold

51.1 m46.9 m56.8 m69.3 m63.5 m76.5 m95.9 m89.6 m

Gross profit

80.3 m93 m106.4 m127.6 m119.1 m148 m181.8 m166.3 m

Gross profit Margin, %

61%66%65%65%65%66%65%65%

Sales and marketing expense

63.8 m82.8 m87.6 m91.4 m97 m120.6 m129.3 m122.4 m

R&D expense

43.1 m52.5 m58.6 m61.6 m65.4 m69.4 m68.9 m78.5 m

General and administrative expense

29 m21.5 m19.6 m22.8 m20.1 m22.2 m25.4 m27.3 m

Operating expense total

135.9 m156.8 m165.8 m205.8 m182.5 m212.2 m223.6 m228.2 m

EBIT

(55.6 m)(63.8 m)(59.5 m)(78.2 m)(63.4 m)(64.1 m)(41.8 m)(61.9 m)

EBIT margin, %

(42%)(46%)(36%)(40%)(35%)(29%)(15%)(24%)

Pre tax profit

(55.8 m)(62.5 m)(59.4 m)(78.4 m)(61.4 m)(60.9 m)(40.7 m)(62.9 m)

Income tax expense

751 k955 k106 k441 k964 k821 k970 k1.4 m

Net Income

(56.5 m)(63.5 m)(59.6 m)(78.8 m)(62.4 m)(61.7 m)(41.6 m)(64.3 m)

Pure Storage Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

192.7 m604.7 m183.7 m244.1 m

Accounts Receivable

59 m126.3 m169 m

Inventories

21.6 m20.6 m23.5 m34.5 m

Current Assets

294 m788.1 m780.1 m944.8 m

PP&E

39.9 m52.6 m81.7 m89.1 m

Total Assets

356.3 m870.8 m899.7 m1.1 b

Accounts Payable

11 m38.2 m52.7 m84.4 m

Current Liabilities

69.6 m184.5 m273.1 m380.8 m

Total Liabilities

112.2 m307.4 m421.3 m581.5 m

Additional Paid-in Capital

41.7 m1.1 b1.3 b1.5 b

Retained Earnings

(341.6 m)(555.3 m)(802.5 m)(980.1 m)

Total Equity

(299.8 m)563.4 m478.4 m497.9 m

Financial Leverage

-1.2 x1.5 x1.9 x2.2 x

Quarterly

USDQ3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

573.3 m286.1 m205.8 m152.5 m168.8 m171.9 m182 m735.1 m

Inventories

25.5 m22 m22.6 m20.1 m39.5 m33.7 m37.2 m38.5 m

Current Assets

738.6 m761.4 m746.3 m734.5 m752.6 m769.3 m835.3 m1.4 b

PP&E

47.1 m71.3 m78.5 m82.1 m82.3 m81.9 m84.3 m94.3 m

Total Assets

818 m861.5 m862.2 m854.1 m872.9 m890.1 m962.6 m1.6 b

Accounts Payable

21.7 m42.4 m30.5 m43.4 m51 m52.1 m66.7 m64 m

Current Liabilities

142.8 m188.8 m216.1 m231.6 m251.9 m283.4 m326.1 m320 m

Total Liabilities

234.1 m320.1 m348.1 m376.4 m407.6 m444.7 m503.4 m944.4 m

Additional Paid-in Capital

1.1 b1.2 b1.2 b1.2 b1.3 b1.4 b1.4 b1.6 b

Retained Earnings

(511 m)(618.8 m)(680.8 m)(759.6 m)(864.9 m)(926.6 m)(968.2 m)(967.9 m)

Total Equity

541.4 m514.1 m477.8 m465.3 m445.4 m459.1 m631.6 m

Financial Leverage

1.6 x1.7 x1.8 x1.9 x2 x2.1 x2.5 x

Pure Storage Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(183.2 m)(213.8 m)(245.1 m)(177.6 m)

Depreciation and Amortization

50.2 m61.7 m

Accounts Receivable

(44 m)(74.5 m)

Inventories

(3.8 m)(12.6 m)

Accounts Payable

10.6 m29.3 m

Cash From Operating Activities

(143.7 m)(7.9 m)(14.4 m)72.8 m

Purchases of PP&E

(42.2 m)(39.4 m)(76.8 m)(65.1 m)

Cash From Investing Activities

(53 m)(41.8 m)(447.2 m)(59.2 m)

Cash From Financing Activities

258.5 m461.7 m40.5 m46.8 m

Income Taxes Paid

2.9 m3.1 m

Quarterly

USDQ3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

(56.5 m)(63.5 m)(59.6 m)(78.8 m)(62.4 m)

Inventories

25.5 m22 m22.6 m20.1 m39.5 m

Accounts Payable

21.7 m42.4 m30.5 m43.4 m51 m

Pure Storage Ratios

USDY, 2018

Financial Leverage

2.5 x
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Pure Storage Operating Metrics

Pure Storage's New Customers was reported to be 300 in Q1, 2018. Pure Storage's Enterprise Customers was reported to be 4 k in Q3, 2018.
Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018

Enterprise Customers

1.65 k1.95 k2.30 k2.60 k3 k3.35 k3.70 k4 k

New Customers

250 300 300 350 300 450 300

Patents Issued

600 700 700 700
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