← Fortinet, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $709.0m | $811.0m | $1.1b | $1.2b | $1.1b | $1.3b | $1.7b | $1.4b | $2.9b | $2.5b | |
| Prepaid Expense and Other Assets, Current | $33.3m | $40.1m | $36.8m | $41.2m | $43.3m | $65.4m | $73.1m | $101.1m | $126.1m | $227.0m | |
| Short-term Investments | $376.5m | $440.3m | $537.2m | $843.1m | $775.5m | $1.2b | $502.6m | $1.0b | $1.1b | $1.1b | |
| Inventory, Net | $106.9m | $77.3m | $90.0m | $117.9m | $139.8m | $175.8m | $264.6m | $484.8m | $315.5m | $399.5m | |
| Assets, Current | $1.5b | $1.7b | $2.2b | $2.8b | $2.7b | $3.6b | $3.8b | $4.4b | $6.0b | $5.9b | |
| Property, Plant and Equipment, Net | $137.2m | $245.4m | $271.4m | $344.3m | $448.0m | $687.6m | $898.5m | $1.0b | $1.3b | $1.6b | |
| Goodwill | $14.6m | $14.6m | $38.2m | $67.2m | $93.0m | $125.1m | $128.0m | $126.5m | $235.4m | $257.4m | |
| Intangible Assets, Net (Excluding Goodwill) | $24.8m | $16.3m | $22.1m | $31.1m | $31.6m | $63.6m | $56.0m | $35.3m | $115.0m | $97.3m | |
| Operating Lease, Right-of-Use Asset | — | — | — | $44.3m | $49.3m | $65.1m | $96.3m | $76.0m | $72.2m | $64.4m | |
| Other Assets, Noncurrent | $16.9m | $19.9m | $20.8m | $60.0m | $63.2m | $235.8m | $202.0m | $150.0m | $133.2m | $125.2m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $313.0m | $348.2m | $444.5m | $544.3m | $720.0m | $807.7m | $1.3b | $1.4b | $1.5b | $1.7b | |
| Accrued Liabilities, Current | $35.6m | $50.0m | $77.5m | $97.7m | $149.2m | $197.3m | $266.3m | $423.7m | $337.9m | $354.6m | |
| Assets | $2.1b | $2.3b | $3.1b | $3.9b | $4.0b | $5.9b | $6.2b | $7.3b | $9.8b | $10.4b | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | $15.5m | $19.1m | $26.3m | $33.2m | $33.4m | $32.7m | $36.1m | |
| Accounts Payable, Current | $56.7m | $70.0m | $86.4m | $96.4m | $141.6m | $148.4m | $243.4m | $204.3m | $190.9m | $230.8m | |
| Operating Lease, Liability, Noncurrent | — | — | — | $30.6m | $34.0m | $40.5m | $62.5m | $45.7m | $46.4m | $29.4m | |
| Long-term Debt, Excluding Current Maturities | — | — | — | — | $0 | $988.4m | $990.4m | $992.3m | $994.3m | $496.6m | |
| Deferred Revenue, Current | $645.3m | $793.8m | $965.9m | $1.2b | $1.4b | $1.8b | $2.3b | $2.8b | $3.3b | $3.6b | |
| Deferred Revenue, Noncurrent | $390.0m | $542.5m | $720.9m | $962.3m | $1.2b | $1.7b | $2.3b | $2.9b | $3.1b | $3.5b | |
| Long-term Debt, Current Maturities | — | — | — | — | — | — | — | — | $0 | $499.7m | |
| Liabilities, Current | $829.4m | $1.0b | $1.3b | $1.5b | $1.8b | $2.3b | $3.1b | $3.7b | $4.1b | $5.0b | |
| Deferred Income Tax Liabilities, Net | — | — | — | $5.0m | — | — | — | — | — | — | |
| Other Liabilities, Noncurrent | $14.3m | $8.6m | $13.0m | $44.9m | $56.2m | $59.2m | $82.0m | $124.7m | $129.6m | $141.3m | |
| Liabilities | $1.3b | $1.7b | $2.1b | $2.6b | $3.2b | $5.1b | $6.5b | $7.7b | $8.3b | $9.2b | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | $173k | $168k | $200k | $200k | $200k | $200k | $800k | $800k | $800k | $700k | |
| Retained Earnings (Accumulated Deficit) | $37.6m | ($319.6m) | ($57.5m) | $140.3m | ($352.1m) | ($467.9m) | ($1.5b) | ($1.9b) | ($117.1m) | ($507.9m) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($765k) | ($847k) | ($800k) | $1.1m | $700k | ($4.8m) | ($20.2m) | ($18.9m) | ($26.1m) | ($25.4m) | |
| Additional Paid in Capital, Common Stock | $800.7m | $909.6m | $1.1b | $1.2b | $1.2b | $1.3b | $1.3b | $1.4b | $1.6b | $1.8b | |
| Stockholders' Equity Attributable to Parent | $837.7m | $589.4m | $1.0b | $1.3b | $856.0m | $781.7m | ($281.6m) | ($463.4m) | $1.5b | $1.2b | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | — | — | — | — | $16.7m | $0 | — | — | — | |
| Liabilities and Equity | $2.1b | $2.3b | $3.1b | $3.9b | $4.0b | $5.9b | $6.2b | $7.3b | $9.8b | $10.4b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.