Stock Analysis on Net
Stock Analysis on Net

Palo Alto Networks Inc. (NASDAQ:PANW)

Common-Size Income Statement

Palo Alto Networks Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Jul 31, 2023 Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018
Product 22.90 24.78 26.32 31.22 37.81 38.34
Subscription and support 77.10 75.22 73.68 68.78 62.19 61.66
Revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Product -6.07 -8.28 -7.25 -8.64 -10.89 -11.98
Subscription and support -21.64 -22.96 -22.71 -20.69 -16.99 -16.40
Cost of revenue -27.71% -31.24% -29.95% -29.32% -27.88% -28.39%
Gross profit 72.29% 68.76% 70.05% 70.68% 72.12% 71.61%
Research and development -23.27 -25.77 -26.79 -22.54 -18.61 -17.63
Sales and marketing -36.91 -39.06 -41.21 -44.60 -46.35 -48.32
General and administrative -6.50 -7.36 -9.19 -8.79 -9.03 -11.34
Operating expenses -66.67% -72.19% -77.19% -75.93% -73.99% -77.29%
Operating income (loss) 5.62% -3.43% -7.15% -5.25% -1.87% -5.68%
Interest expense -0.39 -0.50 -3.84 -2.60 -2.89 -1.30
Interest income 3.26 0.28 0.20 1.21 2.41 1.19
Foreign currency exchange gains (losses), net -0.11 0.03 -0.13 -0.20 -0.12 0.07
Other, net -0.15 -0.15 -0.02 0.04 -0.10 -0.01
Other income, net 2.99% 0.16% 0.06% 1.05% 2.19% 1.25%
Income (loss) before income taxes 8.22% -3.77% -10.93% -6.80% -2.57% -5.73%
Provision for income taxes -1.84 -1.09 -0.80 -1.03 -0.25 -0.78
Net income (loss) 6.38% -4.85% -11.72% -7.83% -2.82% -6.51%

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).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Palo Alto Networks Inc. operating income (loss) as a percentage of revenue increased from 2021 to 2022 and from 2022 to 2023.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Palo Alto Networks Inc. income (loss) before income taxes as a percentage of revenue increased from 2021 to 2022 and from 2022 to 2023.
Net income (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Palo Alto Networks Inc. net income (loss) as a percentage of revenue increased from 2021 to 2022 and from 2022 to 2023.