Palo Alto Networks Inc. (NASDAQ:PANW)

The financial data reveals notable trends in liabilities, equity, and overall financial structure over the periods analyzed.

Accounts Payable

The accounts payable balance exhibits variability, initially decreasing from 63.6 million to 56.9 million, then sharply increasing to 128 million and further rising in subsequent years, reaching 232.2 million by the latest period. This suggests fluctuations in payment obligations and possible shifts in supplier credit terms or purchasing activity.

Accrued Compensation

Accrued compensation consistently increased from 322.2 million to 607.6 million over the observed periods, indicating ongoing growth in employee-related liabilities, which may reflect workforce expansion or increasing compensation packages.

Accrued and Other Liabilities

This category shows a generally upward trajectory from 256.8 million to 846 million, with some minor dips, highlighting growing obligations not classified elsewhere, possibly related to operational or contingent liabilities.

Deferred Revenue

Deferred revenue demonstrates strong growth, from 2.05 billion to 6.3 billion, more than tripling across the periods. This suggests increasing customer prepayments or unearned revenue, indicative of growth in recurring revenue streams or expansion of subscription-based services.

Current Portion of Convertible Senior Notes

Data is sparse but shows a peak in 2022 at 3.68 billion, declining afterward, perhaps indicating scheduled repayments or refinancing activity reducing current maturities of convertible debt.

Current Liabilities

Current liabilities rose substantially from 2.69 billion to 7.99 billion, though with a slight dip after 2022. This reflects increased short-term obligations, driven partly by higher accrued liabilities, deferred revenue, and short-term debt components.

Convertible Senior Notes, Net, Excluding Current Portion

The long-term portion of convertible senior notes shows a significant decrease, from 3.08 billion to 1.67 billion, subsequently disappearing from the reported data, suggesting repayments, conversions, or reclassifications occurred during the periods analyzed.

Long-term Deferred Revenue

This item exhibits substantial growth, from 1.76 billion to 6.45 billion, indicating a strong increase in unearned revenue expected to be recognized beyond the next year, consistent with the overall growth in deferred revenue and signaling long-term contractual or subscription commitments.

Deferred Tax Liabilities

Deferred tax liabilities first appear at 28.1 million and then fluctuate, reaching 387.7 million before declining again, reflecting changes in temporary differences and tax positions over time.

Long-term Operating Lease Liabilities

This liability shows a moderate decline from 336.6 million to 338.2 million, with some fluctuations, reflecting lease obligations' relative stability or adjustments in lease accounting and portfolio changes.

Other Long-term Liabilities

Other long-term liabilities increase notably from 90.1 million to 886.8 million, indicating the accumulation of other deferred obligations or long-term provisions.

Long-term Liabilities

Long-term liabilities show a dip from 5.27 billion to 3.74 billion by 2022, then experience a significant rise to 7.76 billion, suggesting strategic long-term financing activities, possibly related to debt issuance or deferred obligations.

Total Liabilities

Total liabilities consistently grow, doubling from 7.96 billion to 15.75 billion, demonstrating an expansion in the company's total obligations, in line with growing operational scale and financing needs.

Temporary Equity

Temporary equity appears only in 2021 at 129.1 million, indicating a unique or one-time equity classification during this period, which then ceases to be reported.

Common Stock and Additional Paid-in Capital

This equity component increases from 2.26 billion to 5.29 billion, reflecting capital raises, stock issuances, or other equity financing activities supporting business expansion.

Accumulated Other Comprehensive Income (Loss)

Comprehensive income oscillates between gains and losses, moving from a positive 10.5 million to a negative 55.6 million and then back into positive territory at 48.4 million. This variability suggests fluctuations arising from foreign currency translation, hedging activities, or other comprehensive income components.

Retained Earnings (Accumulated Deficit)

Retained earnings display a marked turnaround from a deficit of 1.17 billion to positive earnings of 2.48 billion, a significant improvement indicative of profitable operations or accounting gains reversing prior accumulated deficits.

Stockholders’ Equity

Stockholders’ equity rises substantially from 1.1 billion to 7.82 billion, driven by retained earnings recovery and capital infusions, strengthening the company’s net worth and financial stability.

Total Liabilities, Temporary Equity, and Stockholders’ Equity

The sum of total financing sources escalates from 9.07 billion to 23.58 billion over the analyzed periods, suggesting overall growth in the company’s financial size and complexity.