Fortinet Inc.

NAS: FTNT

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Fortinet Inc.

Market open

--Real time quotes

Jun 8, 2023, 11:25 a.m.

FTNT

/zigman2/quotes/205733290/composite

69.07

Change

+2.01 +3.00%

Volume

Volume 1.67m

Real time quotes

/zigman2/quotes/205733290/composite

Previous close

$ 67.06

$ 69.07

Change

+2.01 +3.00%

Day low

Day high

$67.02

$69.22

52 week low

52 week high

$42.61

$71.63

Income Statement Balance Sheet Cash Flow Statement

Annual Financials for Fortinet Inc.

View Ratios

Fiscal year is January-December. All values USD millions.	2018	2019	2020	2021	2022	5-year trend
Sales/Revenue	1.8B	2.16B	2.59B	3.34B	4.42B
Sales Growth	-	20.09%	19.94%	28.82%	32.17%
Cost of Goods Sold (COGS) incl. D&A	453.1M	509.2M	574.1M	801.5M	1.11B
COGS excluding D&A	397.4M	447.6M	505.3M	717.1M	1B
Depreciation & Amortization Expense	55.7M	61.6M	68.8M	84.4M	104.3M
Depreciation	46.7M	50.7M	55.5M	65.9M	81M
Amortization of Intangibles	9M	10.9M	13.3M	18.5M	23.3M
COGS Growth	-	12.38%	12.75%	39.61%	38.27%
Gross Income	1.35B	1.65B	2.02B	2.54B	3.31B
Gross Income Growth	-	22.68%	22.16%	25.76%	30.25%
Gross Profit Margin	-	-	-	-	74.91%	NA

	2018	2019	2020	2021	2022	5-year trend
SG&A Expense	1.12B	1.3B	1.53B	1.89B	2.34B
Research & Development	244.5M	277.1M	341.4M	424.2M	512.4M
Other SG&A	872.6M	1.03B	1.19B	1.47B	1.83B
SGA Growth	-	16.62%	17.34%	23.95%	23.71%
Other Operating Expense	-	-	-	-	-
Unusual Expense	-	-	-	-	-
EBIT after Unusual Expense	-	-	-	-	-
Non Operating Income/Expense	(6.6M)	(7.5M)	32.4M	(7M)	(8.9M)
Non-Operating Interest Income	26.5M	42.5M	17.7M	4.5M	17.4M
Equity in Affiliates (Pretax)	-	-	-	-	-
Interest Expense	-	-	-	14.9M	18M
Interest Expense Growth	-	-	-	-	20.81%
Gross Interest Expense	-	-	-	14.9M	18M
Interest Capitalized	-	-	-	-	-
Pretax Income	250.9M	386M	541.7M	628.4M	955.5M
Pretax Income Growth	-	53.85%	40.34%	16.01%	52.05%
Pretax Margin	-	-	-	-	21.63%	NA
Income Tax	(81.3M)	54.3M	53.2M	14.1M	30.8M
Income Tax - Current Domestic	(10.6M)	11.1M	46.7M	83.2M	237.6M
Income Tax - Current Foreign	36.9M	11.4M	13.6M	23.3M	18.8M
Income Tax - Deferred Domestic	(111.1M)	34.6M	(8.9M)	(91.3M)	(223.2M)
Income Tax - Deferred Foreign	3.5M	(2.8M)	1.8M	(1.1M)	(2.4M)
Income Tax Credits	-	-	-	-	-
Equity in Affiliates	-	-	-	(7.6M)	(68.1M)
Other After Tax Income (Expense)	-	-	-	-	-
Consolidated Net Income	332.2M	331.7M	488.5M	606.7M	856.6M
Minority Interest Expense	-	-	-	(100,000)	(700,000)
Net Income	332.2M	331.7M	488.5M	606.8M	857.3M
Net Income Growth	-	-0.15%	47.27%	24.22%	41.28%
Net Margin Growth	-	-	-	-	19.41%	NA
Extraordinaries & Discontinued Operations	-	-	-	-	-
Extra Items & Gain/Loss Sale Of Assets	-	-	-	-	-
Cumulative Effect - Accounting Chg	-	-	-	-	-
Discontinued Operations	-	-	-	-	-
Net Income After Extraordinaries	332.2M	331.7M	488.5M	606.8M	857.3M
Preferred Dividends	-	-	-	-	-
Net Income Available to Common	332.2M	331.7M	488.5M	606.8M	857.3M
EPS (Basic)	0.39	0.39	0.60	0.74	1.08
EPS (Basic) Growth	-	-1.25%	53.35%	24.97%	45.68%
Basic Shares Outstanding	845.5M	855M	821M	816M	791.4M
EPS (Diluted)	0.38	0.38	0.58	0.73	1.06
EPS (Diluted) Growth	-	-0.60%	53.68%	24.67%	46.58%
Diluted Shares Outstanding	871M	875M	838.5M	835.5M	805.3M
EBITDA	286.7M	412.6M	560.4M	730.2M	1.07B
EBITDA Growth	-	43.91%	35.82%	30.30%	46.44%
EBITDA Margin	-	-	-	-	24.21%	NA

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Intraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.

Fortinet Inc.

Annual Financials for Fortinet Inc.

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