Fortinet, Inc. financial data

Symbol
FTNT on Nasdaq
Industry
Computer Peripheral Equipment, NEC
Location
909 Kifer Road, Sunnyvale, CA
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 8, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 125 % -1.35%
Quick Ratio 11.9 % +29.7%
Debt-to-equity -12.9K % -184%
Return On Equity -2.2K % -197%
Return On Assets 17.2 % +5.31%
Operating Margin 26.1 % +10.9%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 765M shares -2.6%
Common Stock, Shares, Outstanding 764M shares -2.72%
Entity Public Float 38.5B USD +50.2%
Common Stock, Value, Issued 800K USD 0%
Weighted Average Number of Shares Outstanding, Basic 764M shares -2.7%
Weighted Average Number of Shares Outstanding, Diluted 770M shares -3.27%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 5.54B USD +11%
Research and Development Expense 648M USD +14.1%
Selling and Marketing Expense 2.01B USD +7.3%
General and Administrative Expense 220M USD +17%
Operating Income (Loss) 1.45B USD +23.1%
Income Tax Expense (Benefit) 211M USD +147%
Net Income (Loss) Attributable to Parent 1.31B USD +23.9%
Earnings Per Share, Basic 1.7 USD/shares +25.9%
Earnings Per Share, Diluted 1.7 USD/shares +28.8%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 2.2B USD -7.28%
Accounts Receivable, after Allowance for Credit Loss, Current 1.08B USD +0.43%
Inventory, Net 383M USD +1.83%
Assets, Current 4.92B USD +0.85%
Deferred Income Tax Assets, Net 999M USD +36.9%
Property, Plant and Equipment, Net 1.24B USD +26.6%
Operating Lease, Right-of-Use Asset 76M USD -21.1%
Intangible Assets, Net (Excluding Goodwill) 30.2M USD -32.3%
Goodwill 128M USD +1.51%
Other Assets, Noncurrent 137M USD -15.9%
Assets 8.05B USD +7.57%
Accounts Payable, Current 132M USD -44.6%
Employee-related Liabilities, Current 217M USD -3.34%
Accrued Liabilities, Current 401M USD +50.2%
Contract with Customer, Liability, Current 2.98B USD +15%
Liabilities, Current 3.73B USD +6.42%
Contract with Customer, Liability, Noncurrent 2.92B USD +15%
Accrued Income Taxes, Noncurrent 61.8M USD -8.85%
Operating Lease, Liability, Noncurrent 45.7M USD -26.9%
Other Liabilities, Noncurrent 125M USD +71.5%
Liabilities 7.76B USD +8.37%
Accumulated Other Comprehensive Income (Loss), Net of Tax -29M USD -25.5%
Retained Earnings (Accumulated Deficit) -1.18B USD -14.5%
Stockholders' Equity Attributable to Parent 288M USD -10.3%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 288M USD -10.3%
Liabilities and Equity 8.05B USD +7.57%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 830M USD +22.6%
Net Cash Provided by (Used in) Financing Activities -30.3M USD -121%
Net Cash Provided by (Used in) Investing Activities -270M USD -538%
Common Stock, Shares Authorized 1.5B shares 0%
Common Stock, Shares, Issued 764M shares -2.72%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 528M USD -15%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 2.2B USD -7.28%
Interest Paid, Excluding Capitalized Interest, Operating Activities 8M USD 0%
Deferred Tax Assets, Valuation Allowance 33.2M USD -67.1%
Deferred Tax Assets, Gross 1.06B USD +30.5%
Operating Lease, Liability 82.9M USD -11.7%
Depreciation 100M USD +13.3%
Payments to Acquire Property, Plant, and Equipment 222M USD +632%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 1.31B USD +23.3%
Lessee, Operating Lease, Liability, to be Paid 86.4M USD -17.2%
Property, Plant and Equipment, Gross 1.64B USD +26%
Operating Lease, Liability, Current 33.4M USD +0.6%
Lessee, Operating Lease, Liability, to be Paid, Year Two 20.4M USD -36.4%
Lessee, Operating Lease, Liability, to be Paid, Year One 33M USD +9.64%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure +28.6%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 7.3M USD -15.1%
Lessee, Operating Lease, Liability, to be Paid, Year Three 11.5M USD -27.7%
Deferred Tax Assets, Operating Loss Carryforwards 19.2M USD -9.43%
Unrecognized Tax Benefits 68.3M USD +7.73%
Lessee, Operating Lease, Liability, to be Paid, Year Four 8M USD +6.67%
Amortization of Intangible Assets 16M USD -20.4%
Depreciation, Depletion and Amortization 28.6M USD +4%
Deferred Tax Assets, Net of Valuation Allowance 1.02B USD +44.4%
Share-based Payment Arrangement, Expense 256M USD +9.82%
Interest Expense 20.9M USD +8.85%