Palo Alto Networks (PANW) FY2015 results: revenue $928 million, up 55.1% on the year
Palo Alto Networks Inc. (PANW) reported revenue of $928 million for fiscal 2015, the year ended 31 July 2015, up 55.1% on the year before. Net income was -$131 million, and diluted earnings per share $-0.34. The figures are the company's own, from the 10-K it filed with the SEC on 17 September 2015.
Revenue
$928 million
+55.1% on the year
FY2011FY2015
Operating margin
-10.8%
-36.0% a year earlier
FY2011FY2015
Net income
-$131 million
FY2011FY2015
Diluted EPS
-$0.34
FY2011FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
928
598
396
+55.1%
Cost of revenue
251
160
110
+57.6%
Gross profit
677
439
286
+54.3%
Gross margin
72.9%
73.3%
72.3%
Research and development
186
105
62.5
+77.3%
Operating income
-99.8
-215
-18.6
Operating margin
-10.8%
-36.0%
-4.7%
Interest expense
22.3
1.9
0.1
+1,075.0%
Pre-tax income
-122
-222
-18.7
Income tax
9.4
4.3
10.6
+119.1%
Net income
-131
-226
-29.2
Net margin
-14.1%
-37.9%
-7.4%
Diluted EPS
-$0.34
-$0.51
-$0.07
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
353
88.4
115
+299.1%
Capital expenditure
33.8
36.1
22.4
-6.3%
Free cash flow
319
52.3
92.1
+509.9%
Free cash flow margin
34.4%
8.7%
23.2%
Cash from investing
-679
-320
-152
Cash from financing
48.2
575
25.0
-91.6%
Depreciation and amortisation
28.9
19.4
9.9
+48.7%
Share-based compensation
221
99.8
43.7
+121.8%
Buybacks
0.0
0.1
0.1
Shares outstanding at period end
509m
477m
430m
+6.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
488
469
272
+4.1%
Non-controlling interest
71.8
38.1
n/a
+88.4%
Redeemable equity
87.9
0.0
n/a
Debt
487
467
0.0
+4.3%
Other liabilities
830
505
313
+64.5%
Total liabilities and equity
1,965
1,478
586
+32.9%
Fixed assets
62.9
48.7
32.1
+29.0%
Goodwill
164
155
0.0
+5.5%
Intangible assets
52.7
48.0
1.4
+9.8%
Investments
952
321
126
+197.0%
Cash and equivalents
376
654
311
-42.5%
Receivables
212
136
87.5
+56.7%
Other assets
146
117
27.8
+24.9%
Total assets
1,965
1,478
586
+32.9%
10-K for the year ended 31 July 2015, filed 17 September 2015: the filing.