Fortinet, Inc. (FTNT)

Fortinet Cash Flow Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	1,199	1,148	857.3	606.8	488.5	331.7
Depreciation & Amortization	114.5	113.4	104.3	84.4	68.8	61.6
Share-Based Compensation	255	249	217.3	207.9	191.7	174.1
Other Operating Activities	519.5	425.3	551.7	600.6	334.7	240.6
Operating Cash Flow	2,088	1,936	1,731	1,500	1,084	808
Operating Cash Flow Growth	3.80%	11.84%	15.40%	38.39%	34.12%	26.47%
Capital Expenditures	-395.7	-204.1	-281.2	-295.9	-125.9	-92.2
Acquisitions	-5.7	0	-30.8	-74.9	-40.2	-34.6
Change in Investments	-476	-445.5	1,076	-954.7	92	-375.5
Other Investing Activities	0.2	0.3	-	0.4	1.3	-
Investing Cash Flow	-877.2	-649.3	763.9	-1,325.1	-72.8	-502.3
Share Issuance / Repurchase	-1,464.5	-1,456.7	-1,965.1	-715.8	-1,058	-95.6
Debt Issued / Paid	0	0	0	967.5	-4.1	-3.7
Other Financing Activities	-122.5	-113.7	-165.2	-168.9	-109.5	-96.3
Financing Cash Flow	-1,587	-1,570.4	-2,130.3	82.8	-1,171.6	-195.6
Exchange Rate Effect	-2.1	-0.8	-0.4	-0.1	0	0
Net Cash Flow	-377.9	-285	363.8	257.3	-160.7	110.1
Free Cash Flow	1,693	1,731	1,449	1,204	957.8	715.8
Free Cash Flow Growth	-7.15%	19.46%	20.40%	25.68%	33.81%	22.17%
Free Cash Flow Margin	31.37%	32.64%	32.81%	36.02%	36.92%	33.09%
Free Cash Flow Per Share	2.22	2.22	1.83	1.48	1.17	0.84

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).