Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Palo Alto Networks Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019	Jul 31, 2018
Accounts payable	132,300)	128,000)	56,900)	63,600)	73,300)	49,400)
Accrued compensation	548,300)	461,100)	430,600)	322,200)	235,500)	163,700)
Accrued and other liabilities	390,800)	399,200)	329,400)	256,800)	162,400)	107,000)
Deferred revenue	4,674,600)	3,641,200)	2,741,900)	2,049,100)	1,582,100)	1,268,900)
Current portion of convertible senior notes, net	1,991,500)	3,676,800)	1,557,900)	—)	—)	550,400)
Current liabilities	7,737,500)	8,306,300)	5,116,700)	2,691,700)	2,053,300)	2,139,400)
Convertible senior notes, net, excluding current portion	—)	—)	1,668,100)	3,084,100)	1,430,000)	1,369,700)
Long-term deferred revenue	4,621,800)	3,352,800)	2,282,100)	1,761,100)	1,306,600)	1,096,000)
Long-term operating lease liabilities	279,200)	276,100)	313,400)	336,600)	—)	—)
Other long-term liabilities	114,200)	108,400)	97,700)	90,100)	216,000)	229,600)
Long-term liabilities	5,015,200)	3,737,300)	4,361,300)	5,271,900)	2,952,600)	2,695,300)
Total liabilities	12,752,700)	12,043,600)	9,478,000)	7,963,600)	5,005,900)	4,834,700)
Temporary equity	—)	—)	129,100)	—)	—)	21,900)
Preferred stock; $0.0001 par value; none issued and outstanding	—)	—)	—)	—)	—)	—)
Common stock and additional paid-in capital; $0.0001 par value	3,019,000)	1,932,700)	2,311,200)	2,259,200)	2,490,900)	1,967,400)
Accumulated other comprehensive income (loss)	(43,200)	(55,600)	(9,900)	10,500)	(3,700)	(16,400)
Accumulated deficit	(1,227,400)	(1,667,100)	(1,666,800)	(1,167,900)	(900,900)	(984,600)
Stockholders’ equity	1,748,400)	210,000)	634,500)	1,101,800)	1,586,300)	966,400)
Total liabilities, temporary equity and stockholders’ equity	14,501,100)	12,253,600)	10,241,600)	9,065,400)	6,592,200)	5,823,000)

Based on: 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Palo Alto Networks Inc. current liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Palo Alto Networks Inc. long-term liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Palo Alto Networks Inc. total liabilities increased from 2021 to 2022 and from 2022 to 2023.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Palo Alto Networks Inc. stockholders’ equity decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Palo Alto Networks Inc. (NASDAQ:PANW)

Balance Sheet: Liabilities and Stockholders’ Equity