Fortinet Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2,495	2,876	1,398	1,683	1,319
Short-Term Investments	1,087	1,191	1,043	528.1	1,233
Cash & Short-Term Investments	3,583	4,067	2,440	2,211	2,552
Cash Growth	-11.90%	66.63%	10.38%	-13.35%	38.88%
Receivables	1,691	1,463	1,402	1,262	807.7
Inventory	399.5	315.5	484.8	264.6	175.8
Prepaid Expenses	227	126.1	101.1	73.1	65.4
Total Current Assets	5,900	5,972	4,428	3,810	3,601
Property, Plant & Equipment	1,619	1,422	1,120	994.8	752.7
Long-Term Investments	339.7	13.2	42.2	129.8	440.8
Goodwill	-	235.4	126.5	128	125.1
Other Intangible Assets	354.7	115	35.3	56	63.6
Long-Term Deferred Tax Assets	1,315	1,336	868.8	569.4	342.3
Long-Term Deferred Charges	735.5	622.9	605.6	518.2	423.3
Other Long-Term Assets	125.2	47.8	31.8	21.4	170.7
Total Assets	10,389	9,763	7,259	6,228	5,919
Accounts Payable	230.8	190.9	204.3	243.4	148.4
Accrued Expenses	667.5	506.9	547.9	452.5	366
Current Portion of Long-Term Debt	499.7	-	-	-	-
Current Portion of Leases	-	32.7	33.4	33.2	26.3
Current Unearned Revenue	3,636	3,276	2,849	2,349	1,777
Other Current Liabilities	-	54	84.7	-	-
Total Current Liabilities	5,034	4,061	3,719	3,078	2,318
Long-Term Debt	496.6	994.3	992.3	990.4	988.4
Long-Term Leases	-	46.4	45.7	62.5	40.5
Long-Term Unearned Revenue	3,480	3,085	2,886	2,291	1,676
Other Long-Term Liabilities	141.3	83.2	79	87.3	98.2
Total Liabilities	9,152	8,269	7,722	6,510	5,121
Common Stock	0.7	0.8	0.8	0.8	0.8
Additional Paid-In Capital	1,770	1,636	1,416	1,284	1,254
Retained Earnings	-507.9	-117.1	-1,862	-1,546	-467.9
Comprehensive Income & Other	-25.4	-26.1	-18.9	-20.2	-4.8
Total Common Equity	1,238	1,494	-463.4	-281.6	781.7
Minority Interest	-	-	-	-	16.7
Shareholders' Equity	1,238	1,494	-463.4	-281.6	798.4
Total Liabilities & Equity	10,389	9,763	7,259	6,228	5,919
Total Debt	996.3	1,073	1,071	1,086	1,055
Net Cash (Debt)	2,586	2,993	1,369	1,125	1,497
Net Cash Growth	-13.59%	118.63%	21.70%	-24.83%	-16.13%
Net Cash Per Share	3.38	3.88	1.74	1.40	1.79
Filing Date Shares Outstanding	743.1	768.97	763.03	784.07	804.08
Total Common Shares Outstanding	743.1	767	761	781.5	810
Working Capital	866.2	1,911	709.3	732	1,283
Book Value Per Share	1.67	1.95	-0.61	-0.36	0.97
Tangible Book Value	882.8	1,143	-625.2	-465.6	593
Tangible Book Value Per Share	1.19	1.49	-0.82	-0.60	0.73
Land	-	500.6	351.7	310	204.5
Buildings	-	801.4	595.5	490.3	416.2
Machinery	-	315.5	294.7	254	203
Construction In Progress	-	52	63.3	51.7	19.9
Leasehold Improvements	-	64.3	61.4	53.5	40.1

Source: S&P Global Market Intelligence. Standard template. Financial Sources.