Palo Alto Networks Cash Flow Statement

Financials in millions USD. Fiscal year is August - July.

Millions USD. Fiscal year is Aug - Jul.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021	2016 - 2020
Net Income	1,134	2,578	439.7	-267	-498.9	Upgrade
Depreciation & Amortization	260.7	206.1	202.7	220.2	212.6	Upgrade
Other Amortization	564.4	526.7	499.6	431.7	488.7	Upgrade
Loss (Gain) From Sale of Investments	-41.1	-60.1	-52.2	13.5	13.1	Upgrade
Stock-Based Compensation	1,295	1,075	1,075	1,011	894.5	Upgrade
Other Operating Activities	-419.8	-1,978	62.4	51.3	44.4	Upgrade
Change in Accounts Receivable	-345.3	-154.3	-320.3	-902	-172.4	Upgrade
Change in Accounts Payable	106.8	-15	1	69.3	-11.8	Upgrade
Change in Unearned Revenue	1,238	2,181	2,302	1,970	1,196	Upgrade
Change in Other Net Operating Assets	-76.8	-1,101	-1,432	-613.4	-663.3	Upgrade
Operating Cash Flow	3,716	3,258	2,778	1,985	1,503	Upgrade
Operating Cash Flow Growth	14.07%	17.29%	39.95%	32.05%	45.12%	Upgrade
Capital Expenditures	-246.2	-156.8	-146.3	-192.8	-116	Upgrade
Cash Acquisitions	-1,054	-610.6	-204.5	-37	-777.3	Upgrade
Investment in Securities	-904.1	-742.5	-1,683	-703.6	-587.3	Upgrade
Investing Cash Flow	-2,205	-1,510	-2,034	-933.4	-1,481	Upgrade
Long-Term Debt Repaid	-965.6	-1,034	-1,692	-0.6	-0.9	Upgrade
Net Debt Issued (Repaid)	-965.6	-1,034	-1,692	-0.6	-0.9	Upgrade
Issuance of Common Stock	370.5	283.9	258.8	136.6	104	Upgrade
Repurchase of Common Stock	-183.8	-593.3	-293.1	-942.6	-1,207	Upgrade
Other Financing Activities	-	-	-	-	-0.2	Upgrade
Financing Cash Flow	-778.9	-1,343	-1,726	-806.6	-1,104	Upgrade
Net Cash Flow	732.4	404.6	-982.6	244.7	-1,082	Upgrade
Free Cash Flow	3,470	3,101	2,631	1,792	1,387	Upgrade
Free Cash Flow Growth	11.90%	17.85%	46.84%	29.19%	68.88%	Upgrade
Free Cash Flow Margin	37.63%	38.63%	38.17%	32.57%	32.59%	Upgrade
Free Cash Flow Per Share	4.89	4.38	3.84	3.03	2.40	Upgrade
Cash Interest Paid	1.7	5.6	20.2	20.2	20	Upgrade
Cash Income Tax Paid	505.5	342.3	147.1	34.6	24.9	Upgrade
Levered Free Cash Flow	3,386	2,565	2,107	1,374	1,722	Upgrade
Unlevered Free Cash Flow	3,387	2,566	2,118	1,384	1,682	Upgrade
Change in Working Capital	922.8	910.3	550.8	523.9	348.6	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.