PANWPalo Alto Networks

Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).

“For fiscal 2026, two distributors individually represented 10% or more of our total revenue and in the aggregate represented 30% of our total revenue.”

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New “As of July 31, 2026, one distributor individually represented 19% of our gross accounts receivable.”

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“As of July 31, 2026, no end-customers or channel partners represented 10% or more of our gross financing receivables.”

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New “For fiscal 2026, two distributors represented 10% or more of our total revenue, representing 15% and 15%, respectively.”

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Parts or manufacturing that depend on one or a few suppliers.

New “Our hardware products rely on key components, including integrated circuit components, purchased from a limited number of suppliers, including sole source providers.”

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“We rely on an electronics manufacturing services provider (“EMS provider”) to assemble most of our products and sole source component suppliers for certain components.”

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Pending cases, settlements and what the company has set aside for them.

“We accrue for loss contingencies when it is probable that an asset has been impaired or a liability has been incurred and the amount of loss can be reasonably estimated.”

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“An estimated loss contingency is accrued when it is probable that an asset has been impaired or a liability has been incurred and the amount of loss can be reasonably estimated.”

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“(“Centripetal”) filed a lawsuit against us in the United States District Court for the Eastern District of Virginia.”

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“On January 31, 2024, the jury returned a verdict of non-willful infringement with a lump sum amount of $152 million, plus statutory interest.”

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“In addition, Centripetal filed infringement contentions on certain of their patents in the European Patent Office and Unified Patent Court in Germany, to which we filed appropriate legal challenges.”

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Promises to pay someone else's debts or losses if they cannot.

“Our exposure under these indemnification provisions is generally limited to payments made to us for the alleged infringing products over the preceding twelve months under the agreement.”

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Conditions in loan agreements that, if broken, can make debt due early.

No specific sentence about this in the 10-K.

Contracts the company must pay for later: purchase obligations, take-or-pay deals.

“For the years ended July 31, 2026, 2025, and 2024, inventory write-downs and excess manufacturing purchase commitment charges were $4 million, $71 million, and $25 million, respectively.”

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“Additionally, we have a $81 million minimum purchase commitment with a cloud hosting service provider through September 2027 with no specified annual commitments.”

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