Fortinet Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Quarter	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	+20 Quarters
Period Ending	Jun '24 Jun 30, 2024	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Jun '23 Jun 30, 2023	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Jun '22 Jun 30, 2022	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Sep '21 Sep 30, 2021	Jun '21 Jun 30, 2021	Mar '21 Mar 31, 2021	Dec '20 Dec 31, 2020	Sep '20 Sep 30, 2020	Jun '20 Jun 30, 2020	Mar '20 Mar 31, 2020	Dec '19 Dec 31, 2019	Sep '19 Sep 30, 2019	+20 Quarters
Cash & Equivalents	2,203	1,926	1,398	2,187	2,376	2,304	1,683	964	710	923.5	1,319	1,852	1,879	1,860	1,062	882.3	916.4	626.1	1,223	1,176	Upgrade
Short-Term Investments	1,136	1,097	1,043	982	937.2	574.9	528.1	766.4	1,045	1,218	1,233	1,269	1,234	1,077	775.5	774.4	610.5	775.2	843.1	764.8	Upgrade
Cash & Short-Term Investments	3,339	3,023	2,440	3,169	3,314	2,879	2,211	1,730	1,755	2,142	2,552	3,121	3,113	2,937	1,837	1,657	1,527	1,401	2,066	1,940	Upgrade
Cash Growth	0.78%	5.00%	10.38%	83.13%	88.81%	34.44%	-13.35%	-44.56%	-43.63%	-27.08%	38.88%	88.39%	103.89%	109.58%	-11.05%	-14.62%	-16.57%	-22.23%	25.22%	18.73%	Upgrade
Accounts Receivable	1,083	996.2	1,402	1,014	1,079	1,087	1,262	963.2	919.5	790.4	807.7	604.9	584.6	637.3	720	546.6	498.7	474.7	544.3	384.1	Upgrade
Other Receivables	-	-	-	-	-	-	-	-	-	-	-	2.4	3.2	2.6	-	3.2	3.7	4.7	-	-	Upgrade
Receivables	1,083	996.2	1,402	1,014	1,079	1,087	1,262	963.2	919.5	790.4	807.7	607.3	587.8	639.9	720	549.8	502.4	479.4	544.3	384.1	Upgrade
Inventory	383.2	439.5	484.8	467.5	376.3	302.7	264.6	215.8	195.2	184.6	175.8	177.9	149.8	149.6	139.8	134.5	126	105	117.9	99.2	Upgrade
Prepaid Expenses	113.4	100.9	101.1	102.6	109.5	89.7	73.1	72.8	83.3	91.7	65.4	57.3	57.4	54.8	43.3	43.6	53.4	49.6	41.2	42.6	Upgrade
Total Current Assets	4,919	4,560	4,428	4,753	4,878	4,359	3,810	2,982	2,953	3,208	3,601	3,964	3,908	3,781	2,740	2,385	2,209	2,035	2,769	2,466	Upgrade
Property, Plant & Equipment	1,243	1,247	1,120	1,038	981.9	917.4	994.8	889.5	814.6	786.5	752.7	620.2	566.2	548.1	497.3	465	434.7	416.9	388.6	346.5	Upgrade
Long-Term Investments	24	35.8	50.7	1.5	4.2	15.6	129.8	84	188.5	360.8	440.8	299.2	247.6	152.1	118.3	118.9	101.4	173	149.6	209.5	Upgrade
Goodwill	127.9	129	126.5	125.4	126	127.8	128	120.2	121.3	123.8	125.1	127.6	99.2	99.2	93	68.2	67.2	67.2	67.2	38.2	Upgrade
Other Intangible Assets	30.2	34.1	35.3	39.6	44.6	51.1	56	38.8	45.4	55.1	63.6	71	28.7	32.3	31.6	25.3	23.4	27.1	31.1	14	Upgrade
Long-Term Deferred Tax Assets	998.5	942.5	868.8	788.5	729.2	649.6	569.4	515.5	480.2	431.7	342.3	337.3	271.2	260.6	245.2	230.1	218.9	226.5	226.3	243.7	Upgrade
Long-Term Deferred Charges	596.9	600	605.6	569.9	558.8	536.9	518.2	480.5	456.9	437.5	423.3	378.8	347.8	320.2	304.8	281.1	263.5	248.7	237	217.4	Upgrade
Other Long-Term Assets	113.4	113.6	23.3	163.7	163.3	175.2	21.4	225.2	234.7	247.4	170.7	173	90	88.5	13.9	13	12.8	11.5	10.4	10.1	Upgrade
Total Assets	8,053	7,662	7,259	7,479	7,486	6,832	6,228	5,336	5,295	5,651	5,919	5,971	5,559	5,282	4,045	3,586	3,331	3,206	3,879	3,546	Upgrade
Accounts Payable	132.1	135.2	204.3	253.9	238.3	238.4	243.4	215.1	193.1	174.7	148.4	142.3	132	129.5	141.6	95.9	107.2	87.8	96.4	85.9	Upgrade
Accrued Expenses	512.7	638.2	547.9	527.7	491.6	560.1	452.5	435.5	428.6	438.4	366	397	310.6	264.5	276	232.5	213.2	210.2	184	166.9	Upgrade
Current Portion of Long-Term Debt	-	-	-	-	-	-	-	-	-	-	-	17.6	-	-	-	-	-	-	-	-	Upgrade
Current Portion of Leases	-	-	33.4	-	-	-	33.2	-	-	-	26.3	25	22.9	20.6	19.1	17.2	15.7	14.8	15.5	13.9	Upgrade
Current Income Taxes Payable	-	-	-	220.1	183	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11.6	Upgrade
Current Unearned Revenue	2,975	2,912	2,849	2,647	2,588	2,463	2,349	2,129	2,013	1,893	1,777	1,616	1,533	1,465	1,393	1,300	1,276	1,230	1,156	1,064	Upgrade
Other Current Liabilities	105.2	115	84.7	-	-	-	-	-	-	4.1	-	-	-	-	-	-	-	-	4.1	-	Upgrade
Total Current Liabilities	3,725	3,800	3,719	3,649	3,501	3,262	3,078	2,780	2,635	2,511	2,318	2,198	1,999	1,880	1,830	1,646	1,612	1,543	1,456	1,342	Upgrade
Long-Term Debt	993.3	992.8	992.3	991.8	991.3	990.9	990.4	989.9	989.4	988.9	988.4	988	987.5	987	-	-	-	-	-	-	Upgrade
Long-Term Leases	82.9	89.8	45.7	64.6	73	80.1	62.5	-	-	-	40.5	40.5	39.4	35.8	34	31	27.6	28.3	30.6	27.7	Upgrade
Long-Term Unearned Revenue	2,921	2,878	2,886	2,638	2,541	2,418	2,291	2,065	1,919	1,765	1,676	1,490	1,372	1,281	1,213	1,092	1,047	996.6	953.3	882	Upgrade
Other Long-Term Liabilities	42.3	38.7	79	61.8	59.1	70.5	87.3	124.7	131	153.9	98.2	118.2	110.9	118.4	112.5	104.4	100.2	102	97.1	93.6	Upgrade
Total Liabilities	7,765	7,800	7,722	7,405	7,165	6,821	6,510	5,959	5,674	5,418	5,121	4,835	4,509	4,301	3,189	2,873	2,787	2,670	2,537	2,345	Upgrade
Common Stock	0.8	0.8	0.8	0.8	0.8	0.8	0.8	0.8	0.8	0.2	0.8	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	Upgrade
Additional Paid-In Capital	1,499	1,449	1,416	1,397	1,376	1,327	1,284	1,250	1,237	1,236	1,254	1,258	1,246	1,225	1,207	1,179	1,154	1,128	1,180	1,153	Upgrade
Retained Earnings	-1,183	-1,562	-1,862	-1,299	-1,032	-1,299	-1,546	-1,860	-1,608	-1,003	-467.9	-138.6	-195.7	-244.9	-352.1	-466.9	-613.1	-589.2	160.8	46.5	Upgrade
Comprensive Income & Other	-29	-24.8	-18.9	-24.3	-23.1	-18.1	-20.2	-25.5	-23.4	-15.4	-4.8	-1.2	-0.1	0.3	0.7	1.4	2.5	-3.1	1.1	1.1	Upgrade
Total Common Equity	288.2	-137.5	-463.4	74.1	321.2	11.4	-281.6	-634.7	-392.9	217.7	781.7	1,118	1,050	980.8	856	713.2	543.9	536.3	1,342	1,200	Upgrade
Minority Interest	-	-	-	-	-	-	-	11.9	13.3	15.5	16.7	17.5	-	-	-	-	-	-	-	-	Upgrade
Shareholders' Equity	288.2	-137.5	-463.4	74.1	321.2	11.4	-281.6	-622.8	-379.6	233.2	798.4	1,136	1,050	980.8	856	713.2	543.9	536.3	1,342	1,200	Upgrade
Total Liabilities & Equity	8,053	7,662	7,259	7,479	7,486	6,832	6,228	5,336	5,295	5,651	5,919	5,971	5,559	5,282	4,045	3,586	3,331	3,206	3,879	3,546	Upgrade
Total Debt	1,076	1,083	1,071	1,056	1,064	1,071	1,086	989.9	989.4	988.9	1,055	1,071	1,050	1,043	53.1	48.2	43.3	43.1	46.1	41.6	Upgrade
Net Cash (Debt)	2,263	1,941	1,369	2,112	2,249	1,808	1,125	740.5	765.5	1,153	1,497	2,050	2,063	1,894	1,784	1,609	1,484	1,358	2,020	1,899	Upgrade
Net Cash Growth	0.62%	7.32%	21.70%	185.27%	193.82%	56.86%	-24.83%	-63.88%	-62.90%	-39.12%	-16.12%	27.44%	39.08%	39.41%	-11.65%	-15.28%	-17.24%	-22.93%	22.42%	16.19%	Upgrade
Net Cash Per Share	2.92	2.48	1.74	2.66	2.83	2.26	1.40	0.91	0.93	1.38	1.79	2.46	2.48	2.28	2.13	1.89	1.72	1.55	2.31	2.17	Upgrade
Filing Date Shares Outstanding	764.91	763.94	763.03	767.91	785.34	785.2	784.07	781.24	788.52	802.64	804.08	817.5	816.6	816.59	815.95	811.66	809.16	808.24	862.57	855.17	Upgrade
Total Common Shares Outstanding	764.2	763.2	761	776.3	785.6	784.4	781.5	780.1	788.4	801.5	810	817	816.5	816.5	812.5	811.5	809	813	858.5	856.5	Upgrade
Working Capital	1,194	759.3	709.3	1,104	1,378	1,097	732	202.6	318	697.8	1,283	1,766	1,910	1,902	910.9	739	596.8	492.3	1,313	1,124	Upgrade
Book Value Per Share	0.38	-0.18	-0.61	0.10	0.41	0.01	-0.36	-0.81	-0.50	0.27	0.97	1.37	1.29	1.20	1.05	0.88	0.67	0.66	1.56	1.40	Upgrade
Tangible Book Value	130.1	-300.6	-625.2	-90.9	150.6	-167.5	-465.6	-793.7	-559.6	38.8	593	919.5	922.3	849.3	731.4	619.7	453.3	442	1,244	1,148	Upgrade
Tangible Book Value Per Share	0.17	-0.39	-0.82	-0.12	0.19	-0.21	-0.60	-1.02	-0.71	0.05	0.73	1.13	1.13	1.04	0.90	0.76	0.56	0.54	1.45	1.34	Upgrade
Land	453	453	351.7	351.7	330.1	323.6	310	305.7	253.4	250.4	204.5	128.3	106.8	106.8	93.3	93.3	93.3	93.3	93.3	75.7	Upgrade
Buildings	713.3	712.5	595.5	591.7	553.9	506.3	490.3	488.9	475.3	459.2	416.2	365.4	345.1	153.8	150.6	148.1	148	148	147.4	143.6	Upgrade
Machinery	306.6	300.8	294.7	282.8	270.3	262.2	254	250.5	238.2	216.5	203	193.4	180.4	168.5	158.5	151.5	145.6	139.9	134	130.3	Upgrade
Construction In Progress	65.2	56	63.3	55.8	64.7	46.9	51.7	38	27.5	31.3	19.9	16.9	10.6	193.4	166.4	140.8	114.1	90.7	61.2	44.4	Upgrade
Leasehold Improvements	67	66.7	61.4	60.6	55.6	55.4	53.5	49.7	48.8	41.8	40.1	38.8	35.3	33.6	31.9	30.3	26.7	26.8	25.5	20.1	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.