USA Palo Alto Networks and taxes

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Hello. I'm analyzing Palo Alto Networks and noticed that they have negative effective tax rates for each year 2011-2014. How can I track this and understanding why it is occurring? That is, figure out the reasons why it's not 35%. Thanks.
 

kirby

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If they are a public company and issue an annual report (or 10K) look at the notes to the financial statements. One of the notes will discuss the elements of the tax provision and you can get the info there.
 

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