Palo Alto Networks (PANW) FY2022 results: revenue $5.5 billion, up 29.3% on the year
Palo Alto Networks Inc. (PANW) reported revenue of $5.5 billion for fiscal 2022, the year ended 31 July 2022, up 29.3% on the year before. Net income was -$267 million, and diluted earnings per share $-0.45. The figures are the company's own, from the 10-K it filed with the SEC on 6 September 2022.
Revenue
$5.5 billion
+29.3% on the year
FY2015FY2022
Operating margin
-3.4%
-7.1% a year earlier
FY2015FY2022
Net income
-$267 million
FY2015FY2022
Diluted EPS
-$0.45
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,985
1,503
1,036
+32.0%
Capital expenditure
193
116
214
+66.2%
Free cash flow
1,792
1,387
821
+29.2%
Free cash flow margin
32.6%
32.6%
24.1%
Cash from investing
-933
-1,481
288
Cash from financing
-807
-1,104
673
Depreciation and amortisation
283
260
206
+8.5%
Share-based compensation
1,011
894
658
+13.0%
Buybacks
892
1,178
1,198
-24.3%
Diluted shares, weighted
591m
578m
581m
+2.2%
Shares outstanding at period end
598m
584m
578m
+2.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
210
634
1,102
-66.9%
Redeemable equity
0.0
129
0.0
Debt
3,677
3,226
3,084
+14.0%
Operating lease liabilities
276
313
337
-11.9%
Other liabilities
8,091
5,939
4,543
+36.2%
Total liabilities and equity
12,254
10,242
9,065
+19.6%
Fixed assets
358
318
348
+12.4%
Goodwill
2,748
2,710
1,813
+1.4%
Intangible assets
384
499
358
-22.9%
Investments
2,568
1,915
1,344
+34.1%
Cash and equivalents
2,118
1,874
2,958
+13.0%
Receivables
2,142
1,240
1,037
+72.7%
Other assets
1,935
1,685
1,207
+14.8%
Total assets
12,254
10,242
9,065
+19.6%
10-K for the year ended 31 July 2022, filed 6 September 2022: the filing.