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
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Operating Profit Margin since 2012
- Debt to Equity since 2012
- Price to Earnings (P/E) since 2012
- Price to Book Value (P/BV) since 2012
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Palo Alto Networks Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 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).
Over the period examined, the company’s total assets exhibited significant fluctuations and an overall upward trend. Initial asset levels decreased from October 2019 to April 2020, followed by substantial growth through July 2020. This pattern of volatility continued, with a notable surge in total assets beginning in late 2023 and extending through the end of the observed period.
- Cash and Cash Equivalents
- Cash and cash equivalents demonstrated considerable variability. A peak was observed in January 2020, followed by a decline and subsequent increase in July 2020. Levels generally remained between approximately US$1.8 billion and US$2.5 billion for much of the period, before increasing significantly to US$4.158 billion by July 2024 and further to US$4.158 billion in January 2025. A decrease to US$3.362 billion was observed in October 2025.
- Short-Term Investments
- Short-term investments experienced a decline from October 2019 to April 2020, followed by moderate fluctuations. A general downward trend is apparent from 2023 onwards, with levels decreasing from US$2.001 billion in January 2023 to US$378 million by January 2026.
- Accounts Receivable, Net
- Accounts receivable exhibited a notable increase from October 2019 to July 2021, peaking at US$1.240 billion. A subsequent decrease was observed, followed by another increase reaching US$2.619 billion in January 2024. This was followed by a decline to US$2.116 billion in October 2024.
- Short-Term Financing Receivables, Net
- This item was not present in the earlier periods but began to appear in July 2023, increasing from US$389 million to US$870 million by January 2026, indicating a growing reliance on or expansion of financing receivables.
- Goodwill and Intangible Assets
- Goodwill increased steadily from US$1.400 billion in October 2019 to US$6.931 billion in October 2025, suggesting significant acquisitions or internal development of intangible value. Intangible assets also showed an upward trend, albeit less pronounced, increasing from US$284 million to US$1.249 billion over the same period.
- Long-Term Investments
- Long-term investments demonstrated a substantial increase, particularly from January 2023 onwards, rising from US$2.821 billion to US$4.173 billion in January 2025, and peaking at US$5.556 billion in July 2025. A decrease to US$3.362 billion was observed in October 2025.
- Deferred Tax Assets
- Deferred tax assets were not reported for the initial periods but began appearing in January 2024, increasing from US$2.234 billion to US$2.416 billion by January 2026, indicating a growing level of deferred tax benefits.
The composition of assets shifted over time. While current assets initially represented a larger proportion of the total, the increasing values of long-term assets, particularly goodwill and long-term investments, suggest a strategic shift towards longer-term holdings and potentially acquisitions. The emergence of new asset categories, such as short-term and long-term financing receivables and deferred tax assets, further indicates evolving business practices and financial strategies.