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Fortinet, Inc. logo
FTNT
Fortinet, Inc.
20:00:01
144.73 $
0.0000 (%0.00)
Previous Close: 144.14
Day Low₺139.79
Day High₺147.2
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FTNT: Fortinet, Inc. Financials

Fortinet, Inc. Income Statement

Total revenue
Net income
Gross margin TTM
80.84%
Operating margin TTM
30.62%
Net profit margin TTM
27.26%
Return on investment TTM
149.77%
Period end31/12/202531/12/202431/12/202331/12/2022
Total revenue6,799,600,0005,955,800,0005,304,800,0004,417,400,000
Operating income2,082,000,0001,803,400,0001,241,100,000969,600,000
Net income1,853,400,0001,745,200,0001,147,800,000857,300,000

All line items

Line item31/12/202531/12/202431/12/202331/12/2022
Total revenue6,799,600,0005,955,800,0005,304,800,0004,417,400,000
Cost of revenue1,302,600,0001,157,600,0001,237,200,0001,084,900,000
Gross profit5,497,000,0004,798,200,0004,067,600,0003,332,500,000
Research and development expenses815,500,000716,800,000613,800,000512,400,000
General and administrative expenses233,400,000237,800,000211,300,000169,000,000
Selling and marketing expenses2,347,500,0002,044,800,0002,006,000,0001,686,100,000
Selling, general and administrative expenses2,580,900,0002,282,600,0002,217,300,0001,855,100,000
Other expenses20,000,000-4,600,000-4,600,000-4,600,000
Operating expenses3,416,400,0002,994,800,0002,826,500,0002,362,900,000
Cost and expenses4,719,000,0004,152,400,0004,063,700,0003,447,800,000
Net interest income142,200,000135,200,00098,700,000-600,000
Interest income162,299,999155,200,000119,700,00017,400,000
Interest expense20,100,00020,000,00021,000,00018,000,000
Depreciation and amortization152,000,000122,800,000113,400,000104,300,000
EBITDA2,464,599,9992,201,300,0001,468,100,0001,077,800,000
EBIT2,312,599,9992,078,500,0001,354,700,000973,500,000
Non-operating income (excl. interest)-230,599,999-275,100,000-113,600,000-3,900,000
Operating income2,082,000,0001,803,400,0001,241,100,000969,600,000
Total other income/expenses (net)210,499,999225,700,00050,500,000-82,200,000
Income before tax2,292,499,9992,029,100,0001,291,600,000887,400,000
Income tax expense439,100,000283,900,000143,800,00030,800,000
Net income from continuing operations1,853,399,9991,745,200,0001,147,800,000856,600,000
Net income from discontinued operations0000
Other adjustments to net income0000
Net income1,853,400,0001,745,200,0001,147,800,000857,300,000
Net income deductions000700,000
Bottom line net income1,853,400,0001,745,200,0001,147,800,000856,600,000
EPS2211
Diluted EPS2211
Weighted average shares outstanding743,100,000764,400,000778,600,000791,400,000
Weighted average diluted shares outstanding748,000,000771,900,000788,200,000805,300,000

Fortinet, Inc. Balance Sheet

Total assets
Total liabilities & equity
Liquidity ratio MRQ
—
Current ratio MRQ
—
Long-term debt / assets MRQ
496,600,000%
Total debt / assets MRQ
—
Period end31/12/202531/12/202431/12/202331/12/2022
Total assets10,389,200,0009,763,100,0007,258,900,0006,228,000,000
Total liabilities9,151,700,0008,269,300,0007,722,300,0006,509,600,000
Total equity1,237,500,0001,493,800,000-463,400,000-281,600,000

All line items

Line item31/12/202531/12/202431/12/202331/12/2022
Cash and cash equivalents2,495,300,0002,875,900,0001,397,900,0001,682,900,000
Short-term investments1,087,200,0001,190,600,0001,042,500,000528,100,000
Cash and short-term investments3,582,500,0004,066,500,0002,440,400,0002,211,000,000
Net receivables1,691,200,0001,463,400,0001,402,000,0001,261,700,000
Accounts receivable1,691,200,0001,463,400,0001,402,000,0001,261,700,000
Other receivables0000
Inventory399,500,000315,500,000484,800,000264,600,000
Prepaid expenses227,000,000000
Other current assets0126,100,000101,100,00073,100,000
Total current assets5,900,200,0005,971,500,0004,428,300,0003,810,400,000
Property, plant and equipment (net)1,619,000,0001,349,500,0001,044,400,000898,500,000
Goodwill257,400,000235,400,000126,500,000128,000,000
Intangible assets97,300,000115,000,00035,300,00056,000,000
Goodwill and intangible assets354,700,000350,400,000161,800,000184,000,000
Long-term investments339,700,0000045,500,000
Tax assets1,314,900,0001,335,600,000868,800,000569,400,000
Other non-current assets860,700,000756,100,000755,600,000720,200,000
Total non-current assets4,489,000,0003,791,600,0002,830,600,0002,417,600,000
Other assets0000
Total assets10,389,200,0009,763,100,0007,258,900,0006,228,000,000
Total payables230,800,000190,900,000204,300,000243,400,000
Accounts payable230,800,000190,900,000204,300,000243,400,000
Other payables0000
Accrued expenses667,500,000593,600,000666,000,000485,700,000
Short-term debt499,700,000000
Capital lease obligations (current)0000
Tax payables0063,600,00067,800,000
Deferred revenue03,276,200,0002,848,700,0002,349,300,000
Other current liabilities3,636,000,000000
Total current liabilities5,034,000,0004,060,700,0003,719,000,0003,078,400,000
Long-term debt496,600,000994,300,000992,300,000990,400,000
Capital lease obligations (non-current)0000
Deferred revenue (non-current)3,479,800,0003,084,700,0002,886,300,0002,291,000,000
Deferred tax liabilities (non-current)0000
Other non-current liabilities141,300,000129,600,000124,700,000149,800,000
Total non-current liabilities4,117,700,0004,208,600,0004,003,300,0003,431,200,000
Other liabilities0000
Capital lease obligations0000
Total liabilities9,151,700,0008,269,300,0007,722,300,0006,509,600,000
Treasury stock0000
Preferred stock0000
Common stock700,000800,000800,000800,000
Retained earnings-507,900,000-117,100,000-1,861,700,000-1,546,400,000
Additional paid-in capital1,770,100,0001,636,200,0001,416,400,0001,284,200,000
Accumulated other comprehensive income/loss-25,399,999-26,100,000-18,900,000-20,200,000
Other stockholders' equity0000
Total stockholders' equity1,237,500,0001,493,800,000-463,400,000-281,600,000
Total equity1,237,500,0001,493,800,000-463,400,000-281,600,000
Minority interest0000
Total liabilities and total equity10,389,200,0009,763,100,0007,258,900,0006,228,000,000
Total investments1,426,900,0001,190,600,0001,042,500,000573,600,000
Total debt996,300,000994,300,000992,300,000990,400,000
Net debt-1,499,000,000-1,881,600,000-405,600,000-692,500,000

Fortinet, Inc. Cash Flow Statement

Cash from operations
Cash from investing
Cash flow / share TTM
—
Revenue / share TTM
—
Operating cash flow TTM
—
Period end31/12/202531/12/202431/12/202331/12/2022
Cash from operations2,590,600,0002,258,100,0001,935,500,0001,730,600,000
Cash from investing-599,100,000-727,400,000-649,300,000763,900,000
Cash from financing-2,371,500,000-50,100,000-1,570,400,000-2,130,300,000
Net change in cash-380,600,0001,478,000,000-285,000,000363,800,000

All line items

Line item31/12/202531/12/202431/12/202331/12/2022
Net income1,853,400,0001,745,200,0001,147,800,000856,600,000
Depreciation and amortization336,300,000122,800,000113,400,000104,300,000
Deferred income tax66,200,000000
Stock-based compensation279,500,000257,900,000249,000,000217,300,000
Change in working capital-10,400,000-20,600,000126,100,000233,000,000
Accounts receivable-215,900,000-45,400,000-146,400,000-456,700,000
Inventory-90,600,000131,200,000-253,500,000-109,100,000
Accounts payable27,900,000-10,200,000-43,100,000105,200,000
Other working capital268,200,000-96,200,000569,100,000693,600,000
Other non-cash items65,600,000152,800,000299,200,000319,400,000
Net cash from operating activities2,590,600,0002,258,100,0001,935,500,0001,730,600,000
Investments in property, plant and equipment-364,800,000-378,900,000-204,100,000-281,200,000
Acquisitions (net)-41,600,000-275,500,000-8,500,000-30,800,000
Purchases of investments-1,996,100,000-1,965,300,000-1,855,800,000-389,100,000
Sales/maturities of investments1,803,300,0001,892,200,0001,418,800,0001,465,000,000
Other investing activities100,000100,000300,0000
Net cash from investing activities-599,100,000-727,400,000-649,300,000763,900,000
Net debt issuance0000
Long-term net debt issuance0000
Short-term net debt issuance0000
Net stock issuance-2,245,100,00062,500,000-1,456,700,000-1,965,100,000
Net common stock issuance-2,245,100,00062,500,000-1,456,700,000-1,965,100,000
Common stock issuance44,700,00063,100,00043,800,00026,100,000
Common stock repurchased-2,289,800,000-600,000-1,500,500,000-1,991,200,000
Net preferred stock issuance0000
Net dividends paid0000
Common dividends paid0000
Preferred dividends paid0000
Other financing activities-126,400,000-112,600,000-113,700,000-165,200,000
Net cash from financing activities-2,371,500,000-50,100,000-1,570,400,000-2,130,300,000
Effect of FX changes on cash-600,000-2,600,000-800,000-400,000
Net change in cash-380,600,0001,478,000,000-285,000,000363,800,000
Cash at end of period2,495,300,0002,875,900,0001,397,900,0001,682,900,000
Cash at beginning of period2,875,900,0001,397,900,0001,682,900,0001,319,100,000
Operating cash flow2,590,600,0002,258,100,0001,935,500,0001,730,600,000
Capital expenditure-364,800,000-378,900,000-204,100,000-281,200,000
Free cash flow2,225,800,0001,879,200,0001,731,400,0001,449,400,000
Income taxes paid451,500,000578,900,000426,300,000260,200,000
Interest paid0000