Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
162.92
+2.08 (1.29%)
Aug 13, 2026, 11:15 AM EDT - Market open
Fortinet Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | 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 |
Net Income | 2,121 | 1,955 | 1,853 | 1,874 | 1,940 | 1,879 | 1,745 | 1,530 | 1,313 | 1,199 | 1,148 | 1,151 | 1,059 | 966 | 856.6 | 741.6 | 673.7 | 637.8 | 606.7 | 554.6 |
Depreciation & Amortization | 526.3 | 508.5 | 488.3 | 469.1 | 448.1 | 429.7 | 416.5 | 406.5 | 399.4 | 390.3 | 379.7 | 365.9 | 352.7 | 339.6 | 327.6 | 315.1 | 300 | 281.3 | 260.3 | 240.3 |
Stock-Based Compensation | 296.1 | 285.9 | 279.5 | 272.8 | 266.9 | 261.7 | 257.9 | 255.5 | 253.9 | 255 | 249 | 240.3 | 230.7 | 220.4 | 217.3 | 215.7 | 213.7 | 211.6 | 207.9 | 203.5 |
Other Adjustments | -79.2 | -90.3 | -86.4 | -98.3 | -205.8 | -184.4 | -140.9 | -129.8 | -6.2 | -4.5 | 65.5 | 55 | 60.6 | 79.5 | 96.1 | 58.1 | 61.4 | 39.4 | 22.4 | 13.3 |
Change in Receivables | -243.5 | -314.6 | -215.9 | -113.2 | -101.6 | -147.1 | -45.4 | -13.3 | -6.5 | 88.1 | -146.4 | -50.6 | -158.4 | -301 | -456.7 | -365.8 | -327.4 | -139.6 | -72.5 | -42.7 |
Changes in Inventories | -49 | -32.9 | -90.6 | -82.8 | -33.6 | 60.6 | 131.2 | 82.4 | -38.1 | -171.7 | -253.5 | -280.4 | -208.1 | -140.9 | -109.1 | -59.6 | -30.5 | -18.2 | -19.4 | -30.7 |
Changes in Accounts Payable | 30.8 | -22.7 | 27.9 | 33.3 | 103.8 | 76 | -10.2 | -85.5 | -106.7 | -100.6 | -43.1 | 37 | 48.9 | 65.6 | 105.2 | 77.3 | 49.1 | 34.8 | -13.1 | 29.8 |
Changes in Accrued Expenses | 119.6 | 4.7 | 68.3 | -25.7 | -44.3 | -128.8 | -106.7 | -165.1 | -62.7 | 7.5 | 160.8 | 138.5 | 72.4 | 97.7 | 80.2 | 22.4 | 77.2 | 155.2 | 93.9 | 153 |
Changes in Income Taxes Payable | - | - | - | - | - | - | - | - | - | - | - | - | -4 | -4 | -4 | -4 | - | - | - | - |
Changes in Unearned Revenue | 1,109 | 932.9 | 754.2 | 631.5 | 620.9 | 580 | 577.8 | 683.5 | 767.7 | 909.4 | 1,095 | 1,081 | 1,186 | 1,213 | 1,178 | 1,085 | 1,020 | 904.6 | 839.4 | 710.1 |
Changes in Other Operating Activities | -435 | -421.6 | -488.1 | -512.3 | -593.1 | -536 | -567.3 | -601.4 | -607.9 | -650.9 | -687 | -651.8 | -622.6 | -553.1 | -564.1 | -516.6 | -552 | -527 | -425.9 | -401.8 |
Operating Cash Flow | 3,396 | 2,804 | 2,591 | 2,448 | 2,401 | 2,291 | 2,258 | 1,972 | 1,915 | 2,088 | 1,936 | 2,272 | 2,204 | 2,012 | 1,731 | 1,569 | 1,485 | 1,580 | 1,500 | 1,429 |
Operating Cash Flow Growth (YoY) | 41.45% | 22.41% | 14.72% | 24.13% | 25.35% | 9.70% | 16.67% | -13.19% | -13.09% | 3.80% | 11.84% | 44.77% | 48.39% | 27.35% | 15.40% | 9.79% | 18.68% | 46.26% | 38.39% | 46.22% |
Capital Expenditures | -279.1 | -368.9 | -364.8 | -419.6 | -368.2 | -223.5 | -378.9 | -308.2 | -342 | -395.7 | -204.1 | -208.1 | -225.8 | -188.9 | -281.2 | -401.6 | -382.8 | -366.4 | -295.9 | -176.9 |
Purchases of Investments | -1,776 | -1,844 | -1,996 | -1,976 | -1,951 | -2,016 | -1,965 | -2,030 | -2,026 | -2,085 | -1,864 | -1,336 | -804.6 | -211.1 | -389.1 | -947.2 | -1,520 | -2,131 | -2,511 | -2,255 |
Proceeds from Sale of Investments | 1,634 | 1,749 | 1,803 | 1,833 | 1,863 | 1,969 | 1,892 | 1,866 | 1,874 | 1,613 | 1,419 | 1,215 | 1,110 | 1,198 | 1,465 | 1,631 | 1,684 | 1,707 | 1,556 | 1,411 |
Cash Acquisitions | 0 | -30.4 | -41.6 | -70.1 | -311.4 | -281 | -275.5 | -247 | -5.7 | -5.7 | - | - | - | - | -30.8 | - | - | - | -74.9 | -104.4 |
Other Investing Activities | 8.4 | -0.1 | 0.1 | 0.1 | 0.2 | - | 0.1 | 0.3 | 0.2 | 0.2 | 0.3 | 0.1 | 0.1 | 0.1 | - | - | - | - | 0.4 | - |
Investing Cash Flow | -412.4 | -494 | -599.1 | -632.7 | -784 | -567.9 | -727.4 | -719.1 | -503.2 | -877.2 | -649.3 | -360.3 | 48.7 | 766.9 | 763.9 | 280.6 | -324.7 | -897 | -1,325 | -1,124 |
Long-Term Debt Issued | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 989.4 | 989.4 |
Long-Term Debt Repaid | -500 | -500 | - | - | - | - | - | - | - | - | - | - | - | - | - | -17.3 | - | - | -19.5 | -2.2 |
Net Long-Term Debt Issued (Repaid) | -500 | -500 | - | - | - | - | - | - | - | - | - | - | - | - | - | -17.3 | 0 | 0 | 969.9 | 987.2 |
Issuance of Common Stock | 75.7 | 42.1 | 44.7 | 61 | 74.8 | 69.9 | 63.1 | 47.5 | 34.1 | 36 | 43.8 | 40.4 | 39.5 | 36.3 | 26.1 | 27 | 26.1 | 27.1 | 26 | 24.6 |
Repurchase of Common Stock | -2,862 | -3,113 | -2,290 | -2,233 | -401.7 | - | -0.6 | -896.8 | - | - | -1,501 | -604.3 | - | - | -1,991 | -2,563 | -2,141 | -1,433 | -741.8 | -204.1 |
Net Common Stock Issued (Repurchased) | -2,786 | -3,071 | -2,245 | -2,172 | -326.9 | 69.9 | 62.5 | -849.3 | 34.1 | 36 | -1,457 | -563.9 | 39.5 | 36.3 | -1,965 | -2,536 | -2,115 | -1,406 | -715.8 | -179.5 |
Other Financing Activities | -129.6 | -111 | -126.4 | -136 | -125.8 | -121.8 | -112.6 | -102.1 | -116.9 | -122.5 | -113.7 | -123.8 | -124.9 | -134.3 | -165.2 | -183.2 | -193.8 | -193.8 | -171.3 | -143.3 |
Financing Cash Flow | -3,415 | -3,682 | -2,372 | -2,308 | -452.7 | -52.5 | -50.1 | -951.4 | -1,583 | -1,587 | -1,570 | -687.7 | -585.4 | -1,398 | -2,130 | -2,737 | -2,329 | -1,619 | 82.8 | 664.4 |
Foreign Exchange Rate Adjustments | -1.9 | -1.5 | -0.6 | -1.3 | 1.1 | -0.3 | -2.6 | 0.8 | -1.9 | -2.1 | -0.8 | -1.1 | -0.7 | -0.2 | -0.4 | -1.5 | -1.1 | -0.4 | -0.1 | -1.1 |
Net Cash Flow | -433.6 | -1,373 | -380.6 | -493.6 | 1,165 | 1,670 | 1,478 | 302.5 | -173.1 | -377.9 | -285 | 1,223 | 1,666 | 1,381 | 363.8 | -888.1 | -1,169 | -936.7 | 257.3 | 969.8 |
Free Cash Flow | 3,117 | 2,436 | 2,226 | 2,028 | 2,033 | 2,068 | 1,879 | 1,664 | 1,573 | 1,693 | 1,731 | 2,064 | 1,978 | 1,823 | 1,449 | 1,168 | 1,102 | 1,214 | 1,204 | 1,253 |
Free Cash Flow Growth (YoY) | 53.34% | 17.80% | 18.44% | 21.90% | 29.20% | 22.14% | 8.54% | -19.37% | -20.46% | -7.15% | 19.46% | 76.74% | 79.43% | 50.23% | 20.40% | -6.77% | -0.55% | 30.51% | 25.68% | 49.68% |
FCF Margin | 41.41% | 34.26% | 32.73% | 30.95% | 32.07% | 33.66% | 31.55% | 29.14% | 28.41% | 31.37% | 32.64% | 39.90% | 39.66% | 38.58% | 32.81% | 28.49% | 28.89% | 33.83% | 36.02% | 40.06% |
Free Cash Flow Per Share | 4.17 | 3.22 | 2.91 | 2.63 | 2.63 | 2.67 | 2.43 | 2.16 | 2.03 | 2.16 | 2.20 | 2.60 | 2.49 | 2.28 | 1.80 | 1.43 | 1.33 | 1.46 | 1.44 | 1.50 |
Levered Free Cash Flow | 2,644 | 2,055 | 2,249 | 1,967 | 2,073 | 2,137 | 1,808 | 1,542 | 1,323 | 1,188 | 1,596 | 1,633 | 1,659 | 1,795 | 1,589 | 1,242 | 1,155 | 1,102 | 2,016 | 2,066 |
Unlevered Free Cash Flow | 2,997 | 2,386 | 2,079 | 1,782 | 1,797 | 1,898 | 1,617 | 1,372 | 1,261 | 1,127 | 1,555 | 1,641 | 1,693 | 1,861 | 1,670 | 1,318 | 1,220 | 1,151 | 1,075 | 1,093 |