Stock Analysis on Net

Palo Alto Networks Inc. (NASDAQ:PANW)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
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.

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.

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Palo Alto Networks Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

Microsoft Excel
Jul 31, 2025 Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019
Accounts payable
Accrued compensation
Accrued and other liabilities
Deferred revenue
Current portion of convertible senior notes, net
Current liabilities
Convertible senior notes, net, excluding current portion
Long-term deferred revenue
Deferred tax liabilities
Long-term operating lease liabilities
Other long-term liabilities
Long-term liabilities
Total liabilities
Temporary equity
Preferred stock; $0.0001 par value; none issued and outstanding
Common stock and additional paid-in capital; $0.0001 par value
Accumulated other comprehensive income (loss)
Retained earnings (accumulated deficit)
Stockholders’ equity
Total liabilities, temporary equity and stockholders’ equity

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).


Accounts Payable
The accounts payable figures show variability with no consistent trend, fluctuating between approximately 44,700 and 234,800 thousand US dollars over the observed periods. Notable spikes occur in late 2024, indicating significant increases in short-term obligations to suppliers and creditors.
Accrued Compensation
Accrued compensation increases substantially over time, rising from 125,700 thousand US dollars in late 2019 to 607,600 thousand in mid-2025. This reflects a growing commitment to employees, possibly due to expansion or increased workforce costs.
Accrued and Other Liabilities
These liabilities generally trend upward, starting from 192,300 and reaching upwards of 846,000 thousand US dollars by mid-2025, showing increasing other short-term liabilities alongside accrued obligations.
Deferred Revenue
Deferred revenue presents a clear increasing trend from 1,658,900 thousand US dollars in late 2019 to over 6,302,200 thousand by late 2024. This sustained increase suggests strong customer prepayments or contract liabilities growth, representing future revenue streams.
Current Portion of Convertible Senior Notes
This liability appears starting in January 2021 with significant amounts exceeding 3 billion US dollars in 2021 and gradually declining to 383,200 thousand by mid-2025. This indicates scheduled repayments or reclassifications reducing the near-term debt burden.
Current Liabilities
Current liabilities show volatility with a major peak at 7,144,400 thousand US dollars around late 2021, followed by fluctuations around 7.5 billion to 8 billion in the later periods, reflecting varying short-term obligations primarily driven by the current portion of long-term debts and payables.
Convertible Senior Notes, Excluding Current Portion
The long-term remaining of convertible notes fluctuates, with a peak of approximately 3.1 billion in mid-2020 and significant changes afterward, indicating refinancing or reclassification of debt instruments over the period.
Long-Term Deferred Revenue
Long-term deferred revenue steadily rises from 1,357,100 thousand US dollars in late 2019 to approximately 6,449,700 thousand by late 2024, mirroring the trend in overall deferred revenue and signaling a substantial backlog of revenue to be recognized in the future.
Deferred Tax Liabilities
Deferred tax liabilities are reported only in the recent periods, declining from 588,500 thousand to 89,100 thousand US dollars before slight increases again, suggesting changes in tax obligations or tax planning in recent years.
Long-Term Operating Lease Liabilities
These liabilities decline from 371,600 thousand in late 2019 to 338,200 thousand by mid-2025, with a notable rise during 2023. The overall relatively stable but slightly decreasing trend reflects lease obligations settling or lease modifications.
Other Long-Term Liabilities
Other long-term liabilities rise substantially from about 82,600 thousand to 886,800 thousand over the observed periods, particularly increasing sharply after 2022, which may reflect additional obligations or provisions taken on during recent years.
Long-Term Liabilities
Total long-term liabilities fluctuate significantly, starting near 3.25 billion US dollars and rising to nearly 7.76 billion by mid-2025. The fluctuations suggest active debt management including issuances, repayments, and reclassifications.
Total Liabilities
Total liabilities show a strong upward trend, rising from roughly 5.3 billion in late 2019 to approximately 15.75 billion US dollars by mid-2025, indicating increased leverage or growth in obligations overall.
Temporary Equity
Temporary equity is recorded only sporadically and remains relatively minor compared to other components, indicating limited use of this financing method.
Common Stock and Additional Paid-in Capital
This equity component generally increases, moving from 2.48 billion US dollars in late 2019 to over 5.29 billion by mid-2025, suggesting equity capital raises or stock issuance over time.
Accumulated Other Comprehensive Income (Loss)
This figure is volatile and mostly negative during the initial years but shows some recovery toward positive territory by late 2024, indicative of fluctuations in items not recognized in net income such as foreign currency translation adjustments or unrealized gains/losses.
Retained Earnings (Accumulated Deficit)
Retained earnings started with a negative balance near -960 million US dollars in late 2019, worsening until early 2023 but then turning positive, reaching over 2.48 billion by mid-2025. This positive shift signals a transition to profitability or accumulation of earnings over losses during recent years.
Stockholders' Equity
Stockholders' equity shows growth from approximately 1.52 billion US dollars in late 2019 to 7.82 billion by mid-2025 with fluctuations in between, reflecting overall strengthening of the balance sheet and increased net assets over time.
Total Liabilities, Temporary Equity, and Stockholders’ Equity
The total capitalization and obligations increase from around 6.8 billion US dollars to over 23.57 billion by mid-2025, demonstrating significant growth in scale and financial structure.