PALO ALTO NETWORKS, INC PANW Income Statement

Palo alto networks, inc (PANW)

Income statement / TTM

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
3,263	3,121	3,015	2,899	2,752	2,593	2,427	2,273	2,124	1,988	1,865	1,761	1,653	1,567	1,479	1,378	1,261	1,150	1,033	928	822	738	662	598	532	482	438	396	359	323	283	255	0	0	0
Cost of revenue:
Cost of revenue
926	873	842	808	775	730	687	645	599	562	516	476	439	411	392	370	342	312	277	251	225	201	179	159	141	129	119	109	101	92	79	70	0	0	0
Total gross profit
2,337	2,247	2,172	2,091	1,976	1,862	1,740	1,628	1,525	1,425	1,348	1,285	1,213	1,156	1,087	1,008	919	837	755	676	596	537	483	438	391	353	318	286	258	231	204	184	0	0	0
Operating expenses:
Research and development
710	653	596	539	491	451	419	400	377	364	357	347	336	324	308	284	260	235	208	185	165	144	122	104	89	77	69	62	56	51	44	38	0	0	0
Sales and marketing
1,499	1,450	1,395	1,344	1,263	1,195	1,134	1,074	1,029	985	953	919	879	848	803	743	700	635	575	522	466	419	373	334	287	255	224	199	177	156	136	115	0	0	0
General and administrative
298	277	255	261	249	269	268	257	266	228	222	198	173	162	149	138	127	120	113	101	88	85	78	73	69	57	47	42	39	33	30	26	0	0	0
Legal settlement (Note 9)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-141	0	0	0	-	-	-	-	-	-	-	-
Total operating expenses
2,508	2,381	2,246	2,145	2,003	1,916	1,823	1,732	1,673	1,577	1,532	1,464	1,388	1,334	1,261	1,165	1,088	991	897	810	721	771	715	653	587	411	341	304	274	241	210	180	0	0	0
Operating loss
-171	-133	-73	-54	-27	-53	-82	-104	-148	-152	-184	-179	-175	-178	-174	-157	-169	-153	-141	-133	-124	-233	-232	-215	-196	-57	-22	-18	-15	-9	-6	3	0	0	0
Interest expense
77	78	80	83	74	60	46	29	25	25	24	24	24	23	23	23	23	22	22	22	18	12	7	1	0	0	0	0	0	0	0	0	0	0	0
Other income, net
51	61	66	63	0	0	0	-	-	-	-	10	10	8	8	8	5	4	2	0	-4	-4	-4	-4	0	0	0	0	-0	-0	-0	-1	0	0	0
Loss before income taxes
-197	-150	-87	-74	-44	-66	-92	-105	-152	-162	-196	-194	-189	-193	-189	-172	-186	-172	-162	-155	-147	-250	-244	-222	-196	-57	-22	-18	-16	-9	-6	2	0	0	0
Provision for (benefit from) income taxes
31	23	15	7	10	8	5	16	14	25	26	22	20	19	20	20	20	17	12	9	3	0	4	4	14	13	11	10	1	0	0	2	0	0	0
Net loss
-228	-174	-103	-81	-54	-74	-97	-122	-167	-187	-222	-216	-209	-213	-209	-192	-207	-189	-174	-165	-151	-251	-248	-226	-210	-70	-33	-29	-18	-9	-6	0	0	0	0
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	98	96	95	94	94	93	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product
Revenue
1,064	1,061	1,086	1,096	1,062	1,002	935	879	820	766	730	709	687	685	686	670	633	593	538	492	438	400	366	340	305	282	263	243	227	210	187	174	0	0	0
Cost of revenue
289	294	307	315	315	306	288	272	254	234	216	201	186	179	178	175	165	155	140	131	119	107	96	85	75	70	66	63	59	55	48	44	0	0	0
Subscription and support
Revenue
2,199	2,059	1,928	1,803	1,689	1,591	1,492	1,393	1,304	1,222	1,135	1,052	965	881	792	707	627	556	494	435	384	337	296	258	226	200	174	152	131	113	96	80	0	0	0
Cost of revenue
637	579	534	492	459	423	399	372	345	328	299	275	253	231	213	194	177	157	136	120	106	93	82	74	66	58	52	46	41	36	31	25	0	0	0