Palo Alto Networks (PANW) FY2016 results: revenue $1.4 billion, up 48.5% on the year
Palo Alto Networks Inc. (PANW) reported revenue of $1.4 billion for fiscal 2016, the year ended 31 July 2016, up 48.5% on the year before. Net income was -$193 million, and diluted earnings per share $-0.43. The figures are the company's own, from the 10-K it filed with the SEC on 8 September 2016.
Revenue
$1.4 billion
+48.5% on the year
FY2011FY2016
Operating margin
-11.4%
-10.8% a year earlier
FY2011FY2016
Net income
-$193 million
FY2011FY2016
Diluted EPS
-$0.43
FY2011FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,378
928
598
+48.5%
Cost of revenue
370
251
160
+47.1%
Gross profit
1,008
677
439
+49.1%
Gross margin
73.2%
72.9%
73.3%
Research and development
284
186
105
+52.9%
Operating income
-157
-99.8
-215
Operating margin
-11.4%
-10.8%
-36.0%
Interest expense
23.4
22.3
1.9
+4.8%
Pre-tax income
-172
-122
-222
Income tax
20.4
9.4
4.3
+116.9%
Net income
-193
-131
-226
Net margin
-14.0%
-14.1%
-37.9%
Diluted EPS
-$0.43
-$0.34
-$0.51
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
658
353
88.4
+86.5%
Capital expenditure
72.5
33.8
36.1
+114.3%
Free cash flow
586
319
52.3
+83.6%
Free cash flow margin
42.5%
34.4%
8.7%
Cash from investing
-339
-679
-320
Cash from financing
38.9
48.2
575
-19.3%
Depreciation and amortisation
42.8
28.9
19.4
+48.2%
Share-based compensation
393
221
99.8
+77.5%
Buybacks
0.0
0.0
0.1
Shares outstanding at period end
543m
509m
477m
+6.7%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
895
488
469
+83.4%
Non-controlling interest
155
71.8
38.1
+115.3%
Redeemable equity
0.0
87.9
0.0
Debt
500
487
467
+2.7%
Other liabilities
1,308
830
505
+57.6%
Total liabilities and equity
2,858
1,965
1,478
+45.4%
Fixed assets
117
62.9
48.7
+86.4%
Goodwill
164
164
155
-0.0%
Intangible assets
44.0
52.7
48.0
-16.4%
Investments
1,204
952
321
+26.5%
Cash and equivalents
734
376
654
+95.4%
Receivables
349
212
136
+64.2%
Other assets
246
146
117
+68.8%
Total assets
2,858
1,965
1,478
+45.4%
10-K for the year ended 31 July 2016, filed 8 September 2016: the filing.