Palo Alto Networks Inc
For the period ended Jul 31, 2024. Filed Sep 6, 2024.
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FY2024 · Filed Sep 6, 2024
PANW$330.89+5.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| CONSOLIDATED BALANCE SHEETS(In millions, except per share data) | ||
|---|---|---|
| July 31, | ||
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $1,535.2 | $1,135.3 |
| Short-term investments | 1,043.6 | 1,254.7 |
| Accounts receivable, net of allowance for credit losses of $7.5 and $7.8 as of July 31, 2024 and July 31, 2023, respectively | 2,618.6 | 2,463.2 |
| Short-term financing receivables, net | 725.9 | 388.8 |
| Short-term deferred contract costs | 369.0 | 339.2 |
| Prepaid expenses and other current assets | 557.4 | 466.8 |
| Total current assets | 6,849.7 | 6,048.0 |
| Property and equipment, net | 361.1 | 354.5 |
| Operating lease right-of-use assets | 385.9 | 263.3 |
| Long-term investments | 4,173.2 | 3,047.9 |
| Long-term financing receivables, net | 1,182.1 | 653.3 |
| Long-term deferred contract costs | 562.0 | 547.1 |
| Goodwill | 3,350.1 | 2,926.8 |
| Intangible assets, net | 374.9 | 315.4 |
| Deferred tax assets | 2,399.0 | 23.1 |
| Other assets | 352.9 | 321.7 |
| Total assets | $19,990.9 | $14,501.1 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $116.3 | $132.3 |
| Accrued compensation | 554.7 | 548.3 |
| Accrued and other liabilities | 506.7 | 390.8 |
| Deferred revenue | 5,541.1 | 4,674.6 |
| Convertible senior notes, net | 963.9 | 1,991.5 |
| Total current liabilities | 7,682.7 | 7,737.5 |
| Long-term deferred revenue | 5,939.4 | 4,621.8 |
| Deferred tax liabilities | 387.7 | 28.1 |
| Long-term operating lease liabilities | 380.5 | 279.2 |
| Other long-term liabilities | 430.9 | 86.1 |
| Total liabilities | 14,821.2 | 12,752.7 |
| Commitments and contingencies (Note 12) | ||
| Stockholders’ equity: | ||
| Preferred stock; $0.0001 par value; 100.0 shares authorized; none issued and outstanding as of July 31, 2024 and July 31, 2023 | — | — |
| Common stock and additional paid-in capital; $0.0001 par value; 1,000.0 shares authorized; 325.1 and 308.3 shares issued and outstanding as of July 31, 2024 and July 31, 2023, respectively | 3,821.1 | 3,019.0 |
| Accumulated other comprehensive loss | (1.6) | (43.2) |
| Retained earnings (accumulated deficit) | 1,350.2 | (1,227.4) |
| Total stockholders’ equity | 5,169.7 | 1,748.4 |
| Total liabilities and stockholders’ equity | $19,990.9 | $14,501.1 |
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