PALO ALTO NETWORKS, INC (PANW) FY2026 Q3 Statement of Cash Flows
2026-02-01 to 2026-04-30
Statement of Cash Flows
2026-02-01 to 2026-04-30
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PALO ALTO NETWORKS, INC cash flow reconciliation, Feb 1, 2026 through Apr 30, 2026
Cash flows for Feb 1, 2026 through Apr 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jan 31, 2026. Ending cash: Apr 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Jan 31, 2026
- 4,166,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 871,000,000 US dollars. Net cash provided.
- Net income
- negative 177,000,000 US dollars
- Share-based compensation for equity-based awards
- 643,000,000 US dollars
- Deferred income taxes
- 24,000,000 US dollars
- Depreciation and amortization
- 334,000,000 US dollars
- Amortization of deferred contract costs
- 149,000,000 US dollars
- Amortization of debt issuance costs
- 0 US dollars
- Change in fair value of convertible senior notes and capped calls
- 38,000,000 US dollars
- Change in fair value of contingent consideration liability
- negative 110,000,000 US dollars
- Reduction of operating lease right-of-use assets
- 19,000,000 US dollars
- Amortization of investment premiums, net of accretion of purchase discounts
- negative 1,000,000 US dollars
- Unrealized foreign currency exchange (gains) losses, net
- 9,000,000 US dollars
- Accounts receivable, net
- negative 423,000,000 US dollars
- Financing receivables, net
- 172,000,000 US dollars
- Deferred contract costs
- negative 204,000,000 US dollars
- Prepaid expenses and other assets
- negative 2,000,000 US dollars
- Accounts payable
- 10,000,000 US dollars
- Accrued compensation
- 5,000,000 US dollars
- Accrued and other liabilities
- negative 12,000,000 US dollars
- Deferred revenue
- 397,000,000 US dollars
- Investing activities
- negative 1,766,000,000 US dollars. Net cash used.
- Purchases of investments
- negative 496,000,000 US dollars
- Proceeds from sales of investments
- 583,000,000 US dollars
- Proceeds from maturities of investments
- 215,000,000 US dollars
- Business acquisitions, net of cash and restricted cash acquired
- negative 1,985,000,000 US dollars
- Purchases of property, equipment, and other assets
- negative 83,000,000 US dollars
- Financing activities
- negative 899,000,000 US dollars. Net cash used.
- Repayments of convertible senior notes
- 0 US dollars
- Proceeds from capped calls related to convertible senior notes
- 10,000,000 US dollars
- Repurchases of common stock
- negative 1,000,000,000 US dollars
- Proceeds from sales of shares through employee equity incentive plans
- 126,000,000 US dollars
- Payments for taxes related to net share settlement of equity awards
- negative 16,000,000 US dollars
- Payments of contingent consideration liability
- negative 19,000,000 US dollars
- Operating adjustment reconciliation
- 1,800,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 1,035,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 2,564,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- 2,000,000 US dollars
- Ending cash on Apr 30, 2026
- 2,374,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 5,039,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 1,792,000,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
- Operating cash flow
- 871,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
- cash spent on productive assets
- 83,000,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 788,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net loss −$177.00M + net operating adjustments $1.05B = operating cash +$871.00M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash spent on productive assets equals free cash flow: 871,000,000 US dollars minus 83,000,000 US dollars equals 788,000,000 US dollars.
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