Palo Alto Networks, Inc. (NEO:PANW)

Palo Alto Networks Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 31, 2025	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021
Net Income	-	2,578	439.7	-267	-498.9
Depreciation & Amortization	-	206.1	202.7	220.2	212.6
Other Amortization	-	526.7	499.6	431.7	488.7
Loss (Gain) From Sale of Investments	-	-60.1	-52.2	13.5	13.1
Stock-Based Compensation	-	1,075	1,075	1,011	894.5
Other Operating Activities	-	-1,978	62.4	51.3	44.4
Change in Accounts Receivable	-	-154.3	-320.3	-902	-172.4
Change in Accounts Payable	-	-15	1	69.3	-11.8
Change in Unearned Revenue	-	2,181	2,302	1,970	1,196
Change in Other Net Operating Assets	-	-1,101	-1,432	-613.4	-663.3
Operating Cash Flow	-	3,258	2,778	1,985	1,503
Operating Cash Flow Growth	-	17.29%	39.95%	32.05%	45.12%
Capital Expenditures	-	-156.8	-146.3	-192.8	-116
Cash Acquisitions	-	-610.6	-204.5	-37	-777.3
Investment in Securities	-	-742.5	-1,683	-703.6	-587.3
Investing Cash Flow	-	-1,510	-2,034	-933.4	-1,481
Long-Term Debt Repaid	-	-1,034	-1,692	-0.6	-0.9
Net Debt Issued (Repaid)	-	-1,034	-1,692	-0.6	-0.9
Issuance of Common Stock	-	283.9	258.8	136.6	104
Repurchase of Common Stock	-	-593.3	-293.1	-942.6	-1,207
Other Financing Activities	-	-	-	-	-0.2
Financing Cash Flow	-	-1,343	-1,726	-806.6	-1,104
Net Cash Flow	-	404.6	-982.6	244.7	-1,082
Free Cash Flow	-	3,101	2,631	1,792	1,387
Free Cash Flow Growth	-	17.85%	46.84%	29.19%	68.88%
Free Cash Flow Margin	-	38.63%	38.17%	32.57%	32.59%
Free Cash Flow Per Share	-	4.38	3.84	3.03	2.40
Cash Interest Paid	-	5.6	20.2	20.2	20
Cash Income Tax Paid	-	342.3	147.1	34.6	24.9
Levered Free Cash Flow	-	2,499	2,107	1,374	1,722
Unlevered Free Cash Flow	-	2,500	2,118	1,384	1,682
Change in Working Capital	-	910.3	550.8	523.9	348.6

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.