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Palo Alto Networks, Inc. (PANW)
NASDAQ: PANW · Real-Time Price · USD
384.27
-11.73 (-2.96%)
At close: Aug 14, 2026, 4:00 PM EDT
384.72
+0.45 (0.12%)
After-hours: Aug 14, 2026, 7:59 PM 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
515.7260.7206.1202.7220.2212.6
Other Amortization
629.4564.4526.7499.6431.7488.7
Loss (Gain) From Sale of Investments
-59.1-41.1-60.1-52.213.513.1
Stock-Based Compensation
1,6681,2951,0751,0751,011894.5
Other Operating Activities
-26.8-419.8-1,97862.451.344.4
Change in Accounts Receivable
-573.3-345.3-154.3-320.3-902-172.4
Change in Accounts Payable
37.8106.8-15169.3-11.8
Change in Unearned Revenue
1,2271,2382,1812,3021,9701,196
Change in Other Net Operating Assets
-44.8-76.8-1,101-1,432-613.4-663.3
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
Cash Acquisitions
-5,118-1,054-610.6-204.5-37-777.3
Investment in Securities
2,681-904.1-742.5-1,683-703.6-587.3
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
--965.6-1,034-1,692-0.6-0.9
Net Debt Issued (Repaid)
-372.6-965.6-1,034-1,692-0.6-0.9
Issuance of Common Stock
273.5370.5283.9258.8136.6104
Repurchase of Common Stock
-1,126-183.8-593.3-293.1-942.6-1,207
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%
Free Cash Flow Margin
35.77%37.63%38.63%38.17%32.57%32.59%
Free Cash Flow Per Share
5.154.894.383.843.032.40
Levered Free Cash Flow
3,5793,3862,5652,1071,3741,722
Unlevered Free Cash Flow
3,5793,3872,5662,1181,3841,682

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Apr '26 Jul '25 Jul '24 Jul '23 Jul '22 Jul '21
Cash Interest Paid
1.71.75.620.220.220
Cash Income Tax Paid
505.5505.5342.3147.134.624.9
Change in Working Capital
646.8922.8910.3550.8523.9348.6
SEC Filings: 10-K · 10-Q