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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,9401,6501,2511,086891720491
Cash and cash equivalents1,1761,112811709543283116
Short-term investments765537440377348437375
Receivables384445348313260185130
Inventory, net of allowances, customer advances and progress billings999077107846949
Inventory999077107846949
Other undisclosed current assets43374033367365
Total current assets:2,4662,2211,7171,5391,2711,047736
Noncurrent Assets
Operating lease, right-of-use asset41
Property, plant and equipment306271245137915937
Long-term investments and receivables2046798225273272352
Long-term investments2046798225273272352
Intangible assets, net (including goodwill)5260313922610
Goodwill38381515533
Intangible assets, net (excluding goodwill)142216251837
Deferred income tax assets244
Other noncurrent assets5621201714115
Other undisclosed noncurrent assets1764381471831193130
Total noncurrent assets:1,079857541601520378433
TOTAL ASSETS:3,5463,0782,2582,1401,7911,4251,168
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities278291233184164128119
Accounts payable86867057625036
Accrued liabilities90785036332927
Employee-related liabilities90989278614635
Taxes payable122821148321
Deferred revenue1,064
Deferred revenue and credits966794645515369294
Total current liabilities:1,3421,2561,027829679496413
Noncurrent Liabilities
Liabilities, other than long-term debt1,003811641473356297200
Deferred revenue and credits721542390277190139
Accounts payable and accrued liabilities837890696145 
Accrued income taxes30
Deferred revenue882
Liability for uncertainty in income taxes     4530
Other liabilities381391419170
Other undisclosed noncurrent liabilities     (45)(30)
Total noncurrent liabilities:1,003811641473356252170
Total liabilities:2,3452,0681,6691,3021,035749583
Stockholders' equity
Stockholders' equity attributable to parent1,2001,010589838755676586
Common stock0000000
Additional paid in capital1,1531,068910801688563463
Accumulated other comprehensive income (loss)1(1)(1)(1)(1)(0)1
Retained earnings (accumulated deficit)47(58)(320)3868114122
Total stockholders' equity:1,2001,010589838755676586
TOTAL LIABILITIES AND EQUITY:3,5463,0782,2582,1401,7911,4251,168

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,0491,8011,4951,2751,009770615
Revenue, net5071,8011,4951,2751,009770615
Cost of revenue
(Cost of Goods and Services Sold)
(494)(450)(385)(338)(287)(231)(181)
Gross profit:1,5551,3511,110938722539435
Operating expenses(1,244)(1,120)(1,000)(895)(708)(480)(363)
Operating income:31123111043155972
Nonoperating income (expense)33201402(1)2
Investment income, nonoperating4227137555
Foreign currency transaction loss, before tax     (3)(2)
Other nonoperating income (expense)(9)(7)1(7)(3)(3)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes     32
Income from continuing operations before income taxes:34425112443176276
Income tax expense (benefit)5081(93)(11)(9)(36)(32)
Net income available to common stockholders, diluted:394332313282544

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:394332313282544
Other comprehensive income (loss)1 (0)0(1)(2) 
Other undisclosed comprehensive income0      
Comprehensive income:395332313272344
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1 0(0)01(2)
Comprehensive income, net of tax, attributable to parent:396332313272442

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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