Balance Sheet: Assets
Quarterly Data
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.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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- Statement of Comprehensive Income
- Cash Flow Statement
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Operating Profit Margin since 2012
- Current Ratio since 2012
- Debt to Equity since 2012
- Aggregate Accruals
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Palo Alto Networks Inc., consolidated balance sheet: assets (quarterly data)
US$ in thousands
Based on: 10-K (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-K (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31).
- Cash and Cash Equivalents
- Cash and cash equivalents demonstrate a fluctuating trend with notable peaks and troughs. Initial growth from 1,263,700 thousand USD in October 2019 to a high of 2,958,000 thousand USD by July 2020 is observed. Subsequent periods see variability without a clear upward or downward trajectory, with values ranging mostly between 1,346,300 thousand USD and 2,491,400 thousand USD from early 2022 onward. The latest quarter reports 2,268,600 thousand USD, indicating moderate liquidity.
- Short-term Investments
- There is a declining trend in short-term investments from October 2019 (1,597,500 thousand USD) to April 2025 (634,600 thousand USD). Despite some intermittent increases, such as a peak at 2,000,600 thousand USD in January 2023, the overall pattern is a decrease suggesting a reduction in marketable securities or similar assets.
- Accounts Receivable, Net
- Accounts receivable shows general growth over the full period, with notable volatility. Early years reveal moderate amounts around 499,200 thousand to 1,240,400 thousand USD. Between early 2022 and 2025, levels increased significantly, reaching 2,965,000 thousand USD in July 2025. Spikes are interspersed with declines, indicating variable sales cycles or collection rates but a growing revenue base.
- Short-term Financing Receivables, Net
- This category appears from July 2022 onwards, showing steady increase from 388,800 thousand USD to a peak of 805,100 thousand USD by January 2025, followed by a mild decline to 714,600 thousand USD in July 2025, indicating expansion in financing activities with some stabilization recently.
- Short-term Deferred Contract Costs
- Displayed only from July 2020, these costs gradually increase over time, with figures moving from 276,500 thousand USD to 419,500 thousand USD by July 2025. This suggests growth in contract-related costs deferred and amortized over time, possibly reflecting increased contractual commitments.
- Prepaid Expenses and Other Current Assets
- These assets reveal significant volatility. A steep rise occurs between January 2023 and April 2023, jumping to 694,500 thousand USD from 381,100 thousand USD. Thereafter, values fluctuate around 480,000 to 557,400 thousand USD through 2024 and 2025, highlighting fluctuating prepaid items and miscellaneous current assets.
- Current Assets
- Current assets surged from 3,649,800 thousand USD in October 2019 to a high of 6,419,600 thousand USD in April 2023. This growth is followed by variability but remains elevated, peaking at 7,522,800 thousand USD in July 2025. The trend reflects an overall increase in short-term asset holdings supporting liquidity and operational needs.
- Property and Equipment, Net
- This asset category remains relatively stable with minor fluctuations between 316,400 thousand USD to 387,300 thousand USD over the full period. This indicates consistent investment and usage of fixed assets with no significant expansions or disposals.
- Operating Lease Right-of-Use Assets
- From October 2019 through July 2020, a steady decline occurs from 282,600 thousand USD to 251,200 thousand USD followed by relatively stable values near 250,000 thousand USD through early 2022. A sharp increase in 2023 spikes to 389,000 thousand USD but declines gradually thereafter, indicating changes in lease arrangements or accounting treatments during 2023.
- Long-term Investments
- The long-term investments present a marked upward trend, rising from 467,600 thousand USD in October 2019 to 5,555,600 thousand USD in July 2025. A particularly sharp increase begins in late 2021 continuing steadily, signaling strategic deployment of capital into longer-term securities or assets.
- Long-term Financing Receivables, Net
- Emerging from January 2023, this category shows growth from 653,300 thousand USD to high points above 1,180,000 thousand USD in early 2024, then moderating towards 1,002,300 thousand USD by July 2025. This growth implies an expanding portfolio of financing receivables, possibly linked to customer financing or leasing.
- Long-term Deferred Contract Costs
- These costs stay relatively consistent, fluctuating modestly between 494,600 thousand USD and 585,900 thousand USD across multiple years. The smooth pattern suggests steady amortization and new deferrals aligned with contract activity.
- Goodwill
- Goodwill displays a general upward trend, notably increasing from 1,400,400 thousand USD to 4,566,600 thousand USD. Significant jumps occur between 2019 and 2021, as well as during 2024, indicating acquisitions or business combinations driving intangible asset growth.
- Intangible Assets, Net
- Intangible assets rise from 284,100 thousand USD in 2019 to reach 809,600 thousand USD by April 2025, with fluctuations including a decline during 2021-2023 followed by a strong recovery. This reflects ongoing amortization countered by additions or revaluations.
- Deferred Tax Assets
- Recorded beginning January 2024, deferred tax assets increase gradually from 2,234,300 thousand USD to about 2,424,200 thousand USD by July 2025. This steady growth may indicate increasing tax-related benefits from timing differences.
- Other Assets
- Other assets remain somewhat volatile without a clear trend, fluctuating between approximately 326,000 thousand USD and 686,100 thousand USD. These variations may stem from diverse asset categories that do not follow a consistent growth or decline pattern.
- Long-term Assets
- Long-term assets show sustained growth over time, rising from 3,175,000 thousand USD in 2019 to 16,053,400 thousand USD by July 2025. This substantial increase reflects expanding investment in non-current capital, intangible assets, and financing activities consistent with overall asset base expansion.
- Total Assets
- Total assets nearly triple from 6,824,800 thousand USD to 23,576,200 thousand USD during the period. This significant asset growth is driven primarily by expansions in long-term assets and current assets, reflecting overall organizational growth, investment, and business scaling.