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Palo Alto Networks, Inc. (PANW)
NASDAQ: PANW · Real-Time Price · USD
323.79
-1.84 (-0.57%)
At close: Jul 24, 2026, 4:00 PM EDT
329.93
+6.14 (1.90%)
Pre-market: Jul 27, 2026, 6:00 AM EDT

Palo Alto Networks Cash Flow Statement

Millions USD. Fiscal year is Aug - Jul.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Apr '26 Jul '25 Jul '24 Jul '23 Jul '22 Jul '21
Net Income
842.91,1342,578439.7-267-498.9
Depreciation & Amortization
1,157849.4728700719.8758.9
Stock-Based Compensation
1,6681,2951,0751,0751,011894.5
Other Adjustments
-145.2-485.2-2,03412.5-3.1-0.1
Change in Receivables
-137.2-154.2-1,020-1,059-932.1-445
Changes in Accounts Payable
37.8106.8-15169.3-11.8
Changes in Accrued Expenses
182.8198.8388.39.6-14.576.6
Changes in Unearned Revenue
1,2271,2382,1812,3021,9701,196
Changes in Other Operating Activities
-663.7-466.7-623.4-702.5-568.8-467.3
Operating Cash Flow
4,2173,7163,2582,7781,9851,503
Operating Cash Flow Growth
31.46%14.07%17.29%39.95%32.05%45.12%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Apr '26 Jul '25 Jul '24 Jul '23 Jul '22 Jul '21
Capital Expenditures
-423.2-246.2-156.8-146.3-192.8-116
Purchases of Investments
-3,296-3,696-3,551-5,460-2,272-1,959
Proceeds from Sale of Investments
5,9772,7922,8093,7771,5681,372
Cash Acquisitions
-5,118-1,054-610.6-204.5-37-777.3
Investing Cash Flow
-2,861-2,205-1,510-2,034-933.4-1,481

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Apr '26 Jul '25 Jul '24 Jul '23 Jul '22 Jul '21
Long-Term Debt Repaid
-382.6-965.6-1,034-1,692-0.6-0.9
Net Long-Term Debt Issued (Repaid)
-382.6-965.6-1,034-1,692-0.6-0.9
Issuance of Common Stock
273.5370.5283.9258.8136.6104
Repurchase of Common Stock
-125.8-183.8-593.3-293.1-942.6-1,207
Net Common Stock Issued (Repurchased)
147.7186.7-309.4-34.3-806-1,103
Other Financing Activities
-154-----0.2
Financing Cash Flow
-1,379-778.9-1,343-1,726-806.6-1,104

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Apr '26 Jul '25 Jul '24 Jul '23 Jul '22 Jul '21
Net Cash Flow
-20.6732.4404.6-982.6244.7-1,082

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Apr '26 Jul '25 Jul '24 Jul '23 Jul '22 Jul '21
Free Cash Flow
3,7943,4703,1012,6311,7921,387
Free Cash Flow Growth
26.45%11.90%17.85%46.84%29.19%68.88%
FCF Margin
35.77%37.63%38.63%38.17%32.57%32.59%
Free Cash Flow Per Share
5.184.894.383.843.032.40
Levered Free Cash Flow
1,9791,8494,046911.21,715936.7
Unlevered Free Cash Flow
2,1342,5634,2852,4641,7401,110
SEC Filings: 10-K · 10-Q