Fortinet, Inc. (FTNT) financial statements (2020 and earlier)

Company profile

Business Address 899 KIFER ROAD
SUNNYVALE, CA 94086
State of Incorp.
Fiscal Year End December 31
SIC 3577 - Computer Peripheral Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0661,9401,8301,8021,6501,6341,434
Cash and cash equivalents1,2231,1761,0221,2171,1121,169972
Short-term investments843765808585537465462
Receivables544384403381445324334
Inventory, net of allowances, customer advances and progress billings118998688908178
Inventory118998688908178
Other undisclosed current assets41434242373939
Total current assets:2,7692,4662,3612,3132,2212,0781,885
Noncurrent Assets
Operating lease, right-of-use asset444137 
Property, plant and equipment344306285272271265256
Long-term investments and receivables14420415050673965
Long-term investments14420415050673965
Intangible assets, net (including goodwill)98525457604447
Goodwill67383838382625
Intangible assets, net (excluding goodwill)31141619221821
Deferred income tax assets233244259 
Other noncurrent assets60565760212021
Other undisclosed noncurrent assets193176167453438317303
Total noncurrent assets:1,1171,0791,009892857685691
TOTAL ASSETS:3,8863,5463,3693,2063,0782,7642,576
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities300278262263291236236
Accounts payable96867269866764
Accrued liabilities98908389786159
Employee-related liabilities102909281988591
Taxes payable4121524282322
Deferred revenue1,1741,0641,032 
Deferred revenue and credits966876850
Other undisclosed current liabilities   991   
Total current liabilities:1,4741,3421,2941,2541,2561,1121,085
Noncurrent Liabilities
Liabilities, other than long-term debt1,0901,003953119811760710
Deferred revenue and credits721668621
Accounts payable and accrued liabilities83838281788177
Deferred revenue962882835 
Other liabilities45383638131112
Other undisclosed noncurrent liabilities   775   
Total noncurrent liabilities:1,0901,003953893811760710
Total liabilities:2,5642,3452,2472,1482,0681,8721,796
Stockholders' equity
Stockholders' equity attributable to parent1,3221,2001,1221,0581,010892780
Common stock0000000
Additional paid in capital1,1801,1531,1301,1081,0681,048996
Accumulated other comprehensive income (loss)111(0)(1)(1)(1)
Retained earnings (accumulated deficit)14047(9)(50)(58)(156)(215)
Total stockholders' equity:1,3221,2001,1221,0581,010892780
TOTAL LIABILITIES AND EQUITY:3,8863,5463,3693,2063,0782,7642,576

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues614548522473507454441
Revenue, net507454441
Cost of revenue
(Cost of Goods and Services Sold)
(141)(124)(128)(113)(129)(112)(113)
Gross profit:474423393360379342328
Operating expenses(356)(323)(318)(309)(293)(280)(278)
Operating income:1181007551856351
Nonoperating income951110781
Investment income, nonoperating10111110976
Other nonoperating income (expense)(1)(6)(0)(1)(2)1(5)
Income from continuing operations before income taxes:1281058660927152
Income tax expense (benefit)(13)(26)(13)(2)91(12)(2)
Net income available to common stockholders, diluted:1158073591835949

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:1158073591835949
Other comprehensive income   1   
Other undisclosed comprehensive income (loss)(1)   0  
Comprehensive income:1148073601835949
Other undisclosed comprehensive income (loss), net of tax, attributable to parent101(0)001
Comprehensive income, net of tax, attributable to parent:1158074601835950

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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