Fortinet Inc (0IR9.L)

Technology | Software Services
Income Statement (Quarterly) 2025-09-30 2025-06-30 2025-03-31 2024-12-31
Revenue 1,724,900,000 1,630,000,000 1,539,700,000 1,660,100,000
Cost of Revenue 318,600,000 301,700,000 293,100,000 314,500,000
Gross Profit 1,406,300,000 1,328,300,000 1,246,600,000 1,345,600,000
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 644,900,000 648,900,000 600,500,000 581,600,000
Operating Expenses 860,400,000 871,600,000 792,800,000 771,500,000
Operating Income 545,900,000 456,700,000 453,800,000 574,100,000
Interest Expense 6,200,000 4,600,000 4,900,000 4,900,000
Income Before Tax 594,600,000 517,199,999 529,900,000 612,900,000
Income Tax Expense 120,700,000 77,100,000 96,500,000 86,700,000
Net Income 473,900,000 440,100,000 433,400,000 526,200,000
Per Share
EPS 0.63 0.57 0.56 0.69
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2024-12-31 2023-12-31 2022-12-31
Revenue 5,955,800,000 5,304,800,000 4,417,400,000
Cost of Revenue 1,157,600,000 1,237,200,000 1,108,200,000
Gross Profit 4,798,200,000 4,067,600,000 3,309,200,000
Operating Expenses
R&D Expenses 0 0 0
SG&A Expenses 2,282,600,000 2,217,300,000 1,831,800,000
Operating Expenses 2,994,800,000 2,826,500,000 2,344,200,000
Operating Income 1,803,400,000 1,241,100,000 965,000,000
Interest Expense 20,000,000 21,000,000 18,000,000
Income Before Tax 2,029,100,000 1,333,700,000 955,500,000
Income Tax Expense 283,900,000 143,800,000 30,800,000
Net Income 1,745,200,000 1,147,800,000 857,300,000
Per Share
EPS 2.28 1.47 1.06
EPS Diluted 0.00 0.00 0.00
Balance Sheet (Quarterly) 2024-12-31 2023-12-31 2022-12-31
Assets
Cash and Cash Equivalents 2,875,900,000 1,397,900,000 1,682,900,000
Short Term Investments 1,190,600,000 1,042,500,000 528,100,000
Net Receivables 1,463,400,000 1,402,000,000 1,261,700,000
Inventory 315,500,000 484,800,000 264,600,000
Total Current Assets 5,971,500,000 4,428,300,000 3,810,400,000
Property Plant Equipment 1,349,500,000 1,120,400,000 994,800,000
Goodwill and Intangibles 350,400,000 161,800,000 184,000,000
Total Assets 9,763,100,000 7,258,900,000 6,228,000,000
Liabilities
Account Payables 190,900,000 204,300,000 243,400,000
Short Term Debt 0 33,400,000 33,200,000
Total Current Liabilities 4,060,700,000 3,719,000,000 3,078,400,000
Long Term Debt 994,300,000 1,038,000,000 990,400,000
Total Liabilities 8,269,300,000 7,722,300,000 6,509,600,000
Shareholders Equity
Retained Earnings -117,100,000 -1,861,700,000 -1,546,400,000
Total Shareholders Equity 1,493,800,000 -463,400,000 -281,600,000
Balance Sheet (Annual) 2024-12-31 2023-12-31 2022-12-31
Assets
Cash and Cash Equivalents 2,875,900,000 1,397,900,000 1,682,900,000
Short Term Investments 1,190,600,000 1,042,500,000 528,100,000
Net Receivables 1,463,400,000 1,402,000,000 1,261,700,000
Inventory 315,500,000 484,800,000 264,600,000
Total Current Assets 5,971,500,000 4,428,300,000 3,810,400,000
Property Plant Equipment 1,349,500,000 1,120,400,000 994,800,000
Goodwill and Intangibles 350,400,000 161,800,000 184,000,000
Total Assets 9,763,100,000 7,258,900,000 6,228,000,000
Liabilities
Account Payables 190,900,000 204,300,000 243,400,000
Short Term Debt 0 33,400,000 33,200,000
Total Current Liabilities 4,060,700,000 3,719,000,000 3,078,400,000
Long Term Debt 994,300,000 1,038,000,000 990,400,000
Total Liabilities 8,269,300,000 7,722,300,000 6,509,600,000
Shareholders Equity
Retained Earnings -117,100,000 -1,861,700,000 -1,546,400,000
Total Shareholders Equity 1,493,800,000 -463,400,000 -281,600,000
Cash Flow Statement (Quarterly) 2024-12-31 2023-12-31 2022-12-31
Operating Activities
Net Income 1,745,200,000 1,147,800,000 857,300,000
Depreciation & Amortization 122,800,000 113,400,000 104,300,000
Stock Based Compensation 257,900,000 249,000,000 219,800,000
Change in Working Capital -20,600,000 126,100,000 459,400,000
Operating Cash Flow 2,258,100,000 1,935,500,000 1,730,600,000
Investing Activities
Capital Expenditure -378,900,000 -204,100,000 -281,200,000
Investments -378,900,000 -204,100,000 -281,200,000
Investing Cash Flow -727,400,000 -649,300,000 763,900,000
Financing Activities
Debt Repayment 0 0 0
Common Stock Issued/Repurchased 62,500,000 -1,456,700,000 -1,965,100,000
Dividends Paid 0 0 0
Financing Cash Flow -50,100,000 -1,570,400,000 -2,130,300,000
Summary
Free Cash Flow 1,879,200,000 1,731,400,000 1,449,400,000
Net Change in Cash 1,478,000,000 -285,000,000 363,800,000
Cash Flow Statement (Annual) 2024-12-31 2023-12-31 2022-12-31
Operating Activities
Net Income 1,745,200,000 1,147,800,000 857,300,000
Depreciation & Amortization 122,800,000 113,400,000 104,300,000
Stock Based Compensation 257,900,000 249,000,000 219,800,000
Change in Working Capital -20,600,000 126,100,000 459,400,000
Operating Cash Flow 2,258,100,000 1,935,500,000 1,730,600,000
Investing Activities
Capital Expenditure -378,900,000 -204,100,000 -281,200,000
Investments -378,900,000 -204,100,000 -281,200,000
Investing Cash Flow -727,400,000 -649,300,000 763,900,000
Financing Activities
Debt Repayment 0 0 0
Common Stock Issued/Repurchased 62,500,000 -1,456,700,000 -1,965,100,000
Dividends Paid 0 0 0
Financing Cash Flow -50,100,000 -1,570,400,000 -2,130,300,000
Summary
Free Cash Flow 1,879,200,000 1,731,400,000 1,449,400,000
Net Change in Cash 1,478,000,000 -285,000,000 363,800,000