PALO ALTO NETWORKS, INC PANW Income Statement

Palo alto networks, inc (PANW)

Income statement / Quarterly

Apr'20	Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11
Revenue:
Revenue
869,400	816,700	771,900	805,800	726,600	711,200	656,000	658,500	567,700	545,600	501,800	509,100	431,800	422,600	398,100	400,800	345,800	334,700	297,200	283,900	234,200	217,700	192,300	178,231	150,700	141,068	128,180	112,385	101,289	96,499	85,934	75,642	65,700	56,683	57,113
Cost of revenue:
Cost of revenue
258,300	233,100	217,700	217,400	204,900	202,600	183,500	184,500	159,900	159,400	141,300	138,500	123,700	113,200	101,200	101,700	94,900	94,200	79,200	74,300	64,400	59,400	53,400	48,607	39,710	37,504	33,807	30,258	27,690	27,618	24,190	21,567	18,633	15,513	14,840
Total gross profit
611,100	583,600	554,200	588,400	521,700	508,600	472,500	474,000	407,800	386,200	360,500	370,600	308,100	309,400	296,900	299,100	250,900	240,500	218,000	209,600	169,800	158,300	138,900	129,624	110,990	103,564	94,373	82,127	73,599	68,881	61,744	54,075	47,067	41,170	42,273
Operating expenses:
Research and development
196,300	185,400	170,500	158,700	139,100	128,300	113,400	110,300	99,600	96,600	94,200	87,300	86,000	89,900	84,200	76,500	74,000	74,000	59,700	53,100	48,400	47,000	37,300	32,830	27,837	24,253	19,893	17,627	16,048	15,495	13,312	11,746	10,462	8,514	7,848
Sales and marketing
388,400	374,900	365,700	370,400	339,000	320,000	314,600	289,900	271,400	258,800	254,100	245,400	226,900	226,700	220,100	205,400	195,900	182,400	159,500	162,400	131,100	122,800	106,400	106,668	83,995	76,734	67,366	59,635	51,733	45,796	42,607	37,721	30,216	25,612	22,368
General and administrative
82,900	76,200	69,800	69,200	62,300	53,700	76,600	56,700	82,100	53,300	65,700	65,200	44,300	47,200	41,600	39,900	33,500	34,200	30,800	28,600	27,000	27,000	19,000	15,574	23,717	19,733	14,125	11,748	12,268	9,747	8,956	8,852	6,430	5,768	5,157
Legal settlement (Note 9)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-121,173	-20,000	0	-	-	-	-	-	-	-	-
Total operating expenses
667,600	636,500	606,000	598,300	540,400	502,000	504,600	456,900	453,100	408,700	414,000	397,900	357,200	363,800	345,900	321,800	303,400	290,600	250,000	244,100	206,500	196,800	162,700	155,072	256,722	140,720	101,384	89,010	80,049	71,038	64,875	58,319	47,108	39,894	35,373
Operating loss
-56,500	-52,900	-51,800	-9,900	-18,700	6,600	-32,100	17,100	-45,300	-22,500	-53,500	-27,300	-49,100	-54,400	-49,000	-22,700	-52,500	-50,100	-32,000	-34,500	-36,700	-38,500	-23,800	-25,448	-145,732	-37,156	-7,011	-6,883	-6,450	-2,157	-3,131	-4,244	-41	1,276	6,900
Interest expense
19,400	19,000	18,900	20,000	20,600	20,600	22,700	10,400	6,500	6,400	6,300	6,200	6,200	6,100	6,000	6,000	5,800	5,800	5,800	5,600	5,700	5,500	5,500	1,848	13	14	8	9	18	7	40	11	3	2	2
Other income, net
8,100	10,800	16,200	16,200	18,200	16,000	13,000	-	-	-	-	2,900	2,100	2,700	2,500	2,700	1,000	2,500	2,200	-500	0	300	400	-5,595	430	-170	405	14	-6	63	-32	-77	-3	-566	-464
Loss before income taxes
-67,800	-61,100	-54,500	-13,700	-21,100	2,000	-41,800	16,900	-43,200	-24,000	-55,000	-30,600	-53,200	-57,800	-52,500	-26,000	-57,300	-53,400	-35,600	-40,600	-42,400	-43,700	-28,900	-32,891	-145,315	-37,340	-6,614	-6,878	-6,474	-2,101	-3,203	-4,310	-41	712	6,438
Provision for (benefit from) income taxes
7,000	12,600	5,100	7,100	-900	4,600	-3,500	9,900	-2,800	1,600	8,200	7,600	7,700	2,800	4,400	5,400	6,800	3,900	4,300	5,400	3,500	-700	1,200	-833	1,272	2,606	1,247	8,958	808	512	312	289	-837	288	2,322
Net loss
-74,800	-73,700	-59,600	-20,800	-20,200	-2,600	-38,300	7,000	-40,400	-25,600	-63,200	-38,200	-60,900	-60,600	-56,900	-31,400	-64,100	-57,300	-39,900	-46,000	-45,900	-43,000	-30,100	-32,058	-146,587	-39,946	-7,861	-15,836	-7,282	-2,613	-3,515	-4,599	796	424	4,116
Net loss per share, basic and diluted
-0.77	-0.75	-0.62	-0.22	-0.21	-0.03	-0.41	-	-	-	-	-0.42	-0.67	-0.67	-0.63	-0.35	-0.73	-0.66	-0.47	-0.55	-0.56	-0.53	-0.38	-0.41	-1.96	-0.55	-0.11	-0.22	-0.10	-0.04	-0.05	-	-	-	-
Weighted-average shares used to compute net loss per share, basic and diluted
96,700	98,300	96,600	95,800	94,400	94,000	93,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product
Revenue
280,900	246,500	231,200	305,700	278,400	271,600	240,500	272,100	218,100	204,800	184,800	212,300	164,200	168,800	163,800	191,100	162,100	169,900	147,700	154,100	121,500	115,600	101,500	99,707	84,128	80,823	75,485	65,456	60,793	61,944	55,514	49,439	43,524	38,638	42,861
Cost of revenue
73,300	68,700	65,100	82,200	78,000	82,500	73,200	82,000	68,900	63,900	57,600	63,700	49,700	45,800	42,200	48,500	43,200	44,900	38,800	38,500	32,800	30,700	29,100	26,903	20,425	20,221	17,954	16,505	15,855	16,636	14,416	12,533	11,524	10,248	10,310
Subscription and support
Revenue
588,500	570,200	540,700	500,100	448,200	439,600	415,500	386,400	349,600	340,800	317,000	296,800	267,600	253,800	234,300	209,700	183,700	164,800	149,500	129,800	112,700	102,100	90,800	78,524	66,572	60,245	52,695	46,929	40,496	34,555	30,420	26,203	22,176	18,045	14,252
Cost of revenue
185,000	164,400	152,600	135,200	126,900	120,100	110,300	102,500	91,000	95,500	83,700	74,800	74,000	67,400	59,000	53,200	51,700	49,300	40,400	35,800	31,600	28,700	24,300	21,704	19,285	17,283	15,853	13,753	11,835	10,982	9,774	9,034	7,109	5,265	4,530