Palo Alto Networks Inc
For the period ended Jul 31, 2025. Filed Aug 29, 2025.
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FY2025 · Filed Aug 29, 2025
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, | ||
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $2,268.6 | $1,535.2 |
| Short-term investments | 634.6 | 1,043.6 |
| Accounts receivable, net of allowance for credit losses of $9.7 and $7.5 as of July 31, 2025 and July 31, 2024, respectively | 2,965.0 | 2,618.6 |
| Short-term financing receivables, net | 714.6 | 725.9 |
| Short-term deferred contract costs | 419.5 | 369.0 |
| Prepaid expenses and other current assets | 520.5 | 557.4 |
| Total current assets | 7,522.8 | 6,849.7 |
| Property and equipment, net | 387.3 | 361.1 |
| Operating lease right-of-use assets | 347.0 | 385.9 |
| Long-term investments | 5,555.6 | 4,173.2 |
| Long-term financing receivables, net | 1,002.3 | 1,182.1 |
| Long-term deferred contract costs | 585.9 | 562.0 |
| Goodwill | 4,566.6 | 3,350.1 |
| Intangible assets, net | 762.7 | 374.9 |
| Deferred tax assets | 2,424.2 | 2,399.0 |
| Other assets | 421.8 | 352.9 |
| Total assets | $23,576.2 | $19,990.9 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $232.2 | $116.3 |
| Accrued compensation | 607.6 | 554.7 |
| Accrued and other liabilities | 846.0 | 506.7 |
| Deferred revenue | 6,302.2 | 5,541.1 |
| Convertible senior notes, net | — | 963.9 |
| Total current liabilities | 7,988.0 | 7,682.7 |
| Long-term deferred revenue | 6,449.7 | 5,939.4 |
| Deferred tax liabilities | 89.1 | 387.7 |
| Long-term operating lease liabilities | 338.2 | 380.5 |
| Other long-term liabilities | 886.8 | 430.9 |
| Total liabilities | 15,751.8 | 14,821.2 |
| Commitments and contingencies (Note 13) | ||
| Stockholders’ equity: | ||
| Preferred stock; $0.0001 par value; 100.0 shares authorized; none issued and outstanding as of July 31, 2025 and July 31, 2024 | — | — |
| Common stock and additional paid-in capital; $0.0001 par value; 2,000.0 shares authorized; 667.9 and 650.2 shares issued and outstanding as of July 31, 2025 and July 31, 2024, respectively | 5,291.9 | 3,821.1 |
| Accumulated other comprehensive income (loss) | 48.4 | (1.6) |
| Retained earnings | 2,484.1 | 1,350.2 |
| Total stockholders’ equity | 7,824.4 | 5,169.7 |
| Total liabilities and stockholders’ equity | $23,576.2 | $19,990.9 |
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