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FTNT Fortinet

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58.880
-6.320-9.69%

Close May 3 16:00 ET

59.280
+0.400+0.68%

Pre 05:36 ET

44.94BMarket Cap38.23P/E (TTM)

Fortinet Key Stats

Earnings

Revenue Breakdown

Financial Indicators

Income Statement

Balance Sheet

Cash Flow

Quarterly+Annual

YOY

Hide blank lines

(Q1)Mar 31, 2024

(FY)Dec 31, 2023

(Q4)Dec 31, 2023

(Q3)Sep 30, 2023

(Q2)Jun 30, 2023

(Q1)Mar 31, 2023

(FY)Dec 31, 2022

(Q4)Dec 31, 2022

(Q3)Sep 30, 2022

(Q2)Jun 30, 2022

Operating Cash Flow (Indirect Method)

Cash flow from continuing operating activities

22.57%830.4M

11.84%1.94B

-63.70%191.7M

14.12%551.2M

59.28%515.1M

71.04%677.5M

15.40%1.73B

43.97%528.1M

21.11%483M

-22.67%323.4M

Net income from continuing operations

20.83%299.3M

33.99%1.15B

-0.92%310.9M

39.72%322.9M

53.58%266.3M

79.10%247.7M

41.19%856.6M

57.85%313.8M

41.61%231.1M

26.11%173.4M

Operating gains losses

-70.14%6.6M

-38.18%42.1M

-78.98%9.5M

-17.46%5.2M

-34.57%5.3M

160.00%22.1M

796.05%68.1M

841.67%45.2M

--6.3M

--8.1M

Depreciation and amortization

4.00%28.6M

8.72%113.4M

10.62%30.2M

7.20%28.3M

9.16%27.4M

7.84%27.5M

23.58%104.3M

7.91%27.3M

15.28%26.4M

32.80%25.1M

Other non cash items

13.57%75.3M

15.35%284.8M

21.49%75.2M

32.30%72.9M

2.03%70.4M

8.87%66.3M

34.33%246.9M

17.90%61.9M

11.99%55.1M

64.29%69M

Change In working capital

43.66%370.5M

-45.88%126.1M

-1,271.72%-285.9M

-37.57%67.8M

1,178.75%86.3M

138.80%257.9M

-42.10%233M

-19.21%24.4M

2.36%108.6M

-104.83%-8M

-Change in receivables

137.05%405.6M

67.94%-146.4M

-32.59%-389.8M

248.39%64.4M

105.86%7.9M

1,011.04%171.1M

-529.93%-456.7M

-44.76%-294M

-768.00%-43.4M

-353.67%-134.7M

-Change in inventory

180.57%36.5M

-132.36%-253.5M

54.45%-22.5M

-253.68%-100.8M

-379.66%-84.9M

-235.56%-45.3M

-462.37%-109.1M

-49,500.00%-49.4M

-4,850.00%-28.5M

-227.78%-17.7M

-Change in prepaid assets

99.38%-100K

-258.44%-27.6M

1,800.00%1.7M

-42.45%6.1M

-348.72%-19.4M

38.46%-16M

56.50%-7.7M

98.08%-100K

171.79%10.6M

360.00%7.8M

-Change in payables and accrued expense

-77.11%16M

-36.52%117.7M

-268.37%-138.4M

213.97%85.4M

814.89%100.8M

-22.42%69.9M

129.46%185.4M

1,196.00%82.2M

-52.94%27.2M

-128.43%-14.1M

-Change in other current assets

-237.78%-6.2M

150.14%17.7M

119.63%4.2M

-3.57%2.7M

61.54%6.3M

121.84%4.5M

-85.79%-35.3M

-548.48%-21.4M

171.79%2.8M

155.71%3.9M

-Change in other current liabilities

191.49%4.3M

-192.34%-21.7M

-116.67%-4M

-29.03%-8M

10.71%-5M

-141.59%-4.7M

3,457.14%23.5M

860.00%24M

-210.00%-6.2M

-300.00%-5.6M

-Change in other working capital

-209.18%-85.6M

-30.49%439.9M

-7.14%262.9M

-87.68%18M

-47.11%80.6M

52.83%78.4M

40.36%632.9M

14.75%283.1M

167.09%146.1M

91.46%152.4M

Cash from discontinued investing activities

Operating cash flow

22.57%830.4M

11.84%1.94B

-63.70%191.7M

14.12%551.2M

59.28%515.1M

71.04%677.5M

15.40%1.73B

43.97%528.1M

21.11%483M

-22.67%323.4M

Investing cash flow

Cash flow from continuing investing activities

-537.50%-270.3M

-185.00%-649.3M

-132.93%-71.6M

-137.34%-111.2M

-244.20%-424.1M

6.61%-42.4M

157.65%763.9M

181.76%217.4M

196.69%297.8M

205.91%294.1M

Net PPE purchase and sale

-632.34%-221.9M

27.42%-204.1M

12.94%-26.9M

20.16%-70.1M

-92.48%-76.8M

75.29%-30.3M

4.97%-281.2M

79.58%-30.9M

-27.25%-87.8M

-69.79%-39.9M

Net business purchase and sale

---5.7M

72.40%-8.5M

--0

----

86.89%-30.8M

-1,953.33%-30.8M

----

Net investment purchase and sale

-250.00%-42.7M

-140.62%-437M

-116.09%-44.9M

-108.45%-32.6M

-203.98%-347.3M

-115.80%-12.2M

235.38%1.08B

345.90%279.1M

526.55%385.6M

231.13%334M

Net other investing changes

----

--300K

--200K

--0

--100K

----

Cash from discontinued investing activities

Investing cash flow

-537.50%-270.3M

-185.00%-649.3M

-132.93%-71.6M

-137.34%-111.2M

-244.20%-424.1M

6.61%-42.4M

157.65%763.9M

181.76%217.4M

196.85%297.8M

205.72%294.1M

Financing cash flow

Cash flow from continuing financing activities

-121.17%-30.3M

26.28%-1.57B

-3,221.53%-910.1M

-19.43%-628.9M

97.87%-17.7M

98.16%-13.7M

-2,672.83%-2.13B

95.68%-27.4M

-343.64%-526.6M

-586.77%-830.3M

Net issuance payments of debt

----

--0

----

--0

----

Net common stock issuance

-36.79%13.4M

25.87%-1.46B

-20,290.91%-888.4M

-20.92%-597.6M

101.02%8.1M

103.12%21.2M

-174.53%-1.97B

100.78%4.4M

-572.38%-494.2M

-827.77%-795.1M

Net other financing activities

-25.21%-43.7M

31.17%-113.7M

31.76%-21.7M

3.40%-31.3M

26.70%-25.8M

46.96%-34.9M

3.56%-165.2M

36.14%-31.8M

24.65%-32.4M

0.00%-35.2M

Cash from discontinued financing activities

Financing cash flow

-121.17%-30.3M

26.28%-1.57B

-3,221.53%-910.1M

-19.43%-628.9M

97.87%-17.7M

98.16%-13.7M

-2,672.83%-2.13B

95.68%-27.4M

-343.64%-526.6M

-586.77%-830.3M

Net cash flow

Beginning cash position

-16.94%1.4B

27.58%1.68B

126.85%2.19B

234.69%2.38B

149.51%2.3B

27.58%1.68B

24.23%1.32B

-47.95%964M

-62.22%710M

-50.35%923.5M

Current changes in cash

-14.74%529.8M

-178.03%-284.2M

-210.01%-790M

-174.31%-188.9M

134.45%73.3M

257.20%621.4M

41.49%364.2M

234.80%718.1M

1,027.74%254.2M

-1,214.14%-212.8M

Effect of exchange rate changes

-1,300.00%-1.4M

-100.00%-800K

37.50%1.1M

-200.00%-600K

-71.43%-1.2M

66.67%-100K

-300.00%-400K

366.67%800K

-200.00%-200K

---700K

End cash Position

-16.40%1.93B

-16.94%1.4B

126.85%2.19B

234.69%2.38B

149.51%2.3B

27.58%1.68B

-47.95%964M

-62.22%710M

Free cash flow

-5.98%608.5M

19.46%1.73B

-66.85%164.8M

21.74%481.1M

54.60%438.3M

136.64%647.2M

20.40%1.45B

130.72%497.2M

19.83%395.2M

-28.17%283.5M

Currency Unit

USD

Accounting Standards

US-GAAP

Audit Opinions

Unqualified Opinion

	(Q1)Mar 31, 2024	(FY)Dec 31, 2023	(Q4)Dec 31, 2023	(Q3)Sep 30, 2023	(Q2)Jun 30, 2023	(Q1)Mar 31, 2023	(FY)Dec 31, 2022	(Q4)Dec 31, 2022	(Q3)Sep 30, 2022	(Q2)Jun 30, 2022
Operating Cash Flow (Indirect Method)
Cash flow from continuing operating activities	22.57%830.4M	11.84%1.94B	-63.70%191.7M	14.12%551.2M	59.28%515.1M	71.04%677.5M	15.40%1.73B	43.97%528.1M	21.11%483M	-22.67%323.4M
Net income from continuing operations	20.83%299.3M	33.99%1.15B	-0.92%310.9M	39.72%322.9M	53.58%266.3M	79.10%247.7M	41.19%856.6M	57.85%313.8M	41.61%231.1M	26.11%173.4M
Operating gains losses	-70.14%6.6M	-38.18%42.1M	-78.98%9.5M	-17.46%5.2M	-34.57%5.3M	160.00%22.1M	796.05%68.1M	841.67%45.2M	--6.3M	--8.1M
Depreciation and amortization	4.00%28.6M	8.72%113.4M	10.62%30.2M	7.20%28.3M	9.16%27.4M	7.84%27.5M	23.58%104.3M	7.91%27.3M	15.28%26.4M	32.80%25.1M
Other non cash items	13.57%75.3M	15.35%284.8M	21.49%75.2M	32.30%72.9M	2.03%70.4M	8.87%66.3M	34.33%246.9M	17.90%61.9M	11.99%55.1M	64.29%69M
Change In working capital	43.66%370.5M	-45.88%126.1M	-1,271.72%-285.9M	-37.57%67.8M	1,178.75%86.3M	138.80%257.9M	-42.10%233M	-19.21%24.4M	2.36%108.6M	-104.83%-8M
-Change in receivables	137.05%405.6M	67.94%-146.4M	-32.59%-389.8M	248.39%64.4M	105.86%7.9M	1,011.04%171.1M	-529.93%-456.7M	-44.76%-294M	-768.00%-43.4M	-353.67%-134.7M
-Change in inventory	180.57%36.5M	-132.36%-253.5M	54.45%-22.5M	-253.68%-100.8M	-379.66%-84.9M	-235.56%-45.3M	-462.37%-109.1M	-49,500.00%-49.4M	-4,850.00%-28.5M	-227.78%-17.7M
-Change in prepaid assets	99.38%-100K	-258.44%-27.6M	1,800.00%1.7M	-42.45%6.1M	-348.72%-19.4M	38.46%-16M	56.50%-7.7M	98.08%-100K	171.79%10.6M	360.00%7.8M
-Change in payables and accrued expense	-77.11%16M	-36.52%117.7M	-268.37%-138.4M	213.97%85.4M	814.89%100.8M	-22.42%69.9M	129.46%185.4M	1,196.00%82.2M	-52.94%27.2M	-128.43%-14.1M
-Change in other current assets	-237.78%-6.2M	150.14%17.7M	119.63%4.2M	-3.57%2.7M	61.54%6.3M	121.84%4.5M	-85.79%-35.3M	-548.48%-21.4M	171.79%2.8M	155.71%3.9M
-Change in other current liabilities	191.49%4.3M	-192.34%-21.7M	-116.67%-4M	-29.03%-8M	10.71%-5M	-141.59%-4.7M	3,457.14%23.5M	860.00%24M	-210.00%-6.2M	-300.00%-5.6M
-Change in other working capital	-209.18%-85.6M	-30.49%439.9M	-7.14%262.9M	-87.68%18M	-47.11%80.6M	52.83%78.4M	40.36%632.9M	14.75%283.1M	167.09%146.1M	91.46%152.4M
Cash from discontinued investing activities
Operating cash flow	22.57%830.4M	11.84%1.94B	-63.70%191.7M	14.12%551.2M	59.28%515.1M	71.04%677.5M	15.40%1.73B	43.97%528.1M	21.11%483M	-22.67%323.4M
Investing cash flow
Cash flow from continuing investing activities	-537.50%-270.3M	-185.00%-649.3M	-132.93%-71.6M	-137.34%-111.2M	-244.20%-424.1M	6.61%-42.4M	157.65%763.9M	181.76%217.4M	196.69%297.8M	205.91%294.1M
Net PPE purchase and sale	-632.34%-221.9M	27.42%-204.1M	12.94%-26.9M	20.16%-70.1M	-92.48%-76.8M	75.29%-30.3M	4.97%-281.2M	79.58%-30.9M	-27.25%-87.8M	-69.79%-39.9M
Net business purchase and sale	---5.7M	72.40%-8.5M	--0	----	----	----	86.89%-30.8M	-1,953.33%-30.8M	----	----
Net investment purchase and sale	-250.00%-42.7M	-140.62%-437M	-116.09%-44.9M	-108.45%-32.6M	-203.98%-347.3M	-115.80%-12.2M	235.38%1.08B	345.90%279.1M	526.55%385.6M	231.13%334M
Net other investing changes	----	--300K	--200K	--0	--0	--100K	----	----	----	----
Cash from discontinued investing activities
Investing cash flow	-537.50%-270.3M	-185.00%-649.3M	-132.93%-71.6M	-137.34%-111.2M	-244.20%-424.1M	6.61%-42.4M	157.65%763.9M	181.76%217.4M	196.85%297.8M	205.72%294.1M
Financing cash flow
Cash flow from continuing financing activities	-121.17%-30.3M	26.28%-1.57B	-3,221.53%-910.1M	-19.43%-628.9M	97.87%-17.7M	98.16%-13.7M	-2,672.83%-2.13B	95.68%-27.4M	-343.64%-526.6M	-586.77%-830.3M
Net issuance payments of debt	----	--0	----	----	----	----	--0	----	----	----
Net common stock issuance	-36.79%13.4M	25.87%-1.46B	-20,290.91%-888.4M	-20.92%-597.6M	101.02%8.1M	103.12%21.2M	-174.53%-1.97B	100.78%4.4M	-572.38%-494.2M	-827.77%-795.1M
Net other financing activities	-25.21%-43.7M	31.17%-113.7M	31.76%-21.7M	3.40%-31.3M	26.70%-25.8M	46.96%-34.9M	3.56%-165.2M	36.14%-31.8M	24.65%-32.4M	0.00%-35.2M
Cash from discontinued financing activities
Financing cash flow	-121.17%-30.3M	26.28%-1.57B	-3,221.53%-910.1M	-19.43%-628.9M	97.87%-17.7M	98.16%-13.7M	-2,672.83%-2.13B	95.68%-27.4M	-343.64%-526.6M	-586.77%-830.3M
Net cash flow
Beginning cash position	-16.94%1.4B	27.58%1.68B	126.85%2.19B	234.69%2.38B	149.51%2.3B	27.58%1.68B	24.23%1.32B	-47.95%964M	-62.22%710M	-50.35%923.5M
Current changes in cash	-14.74%529.8M	-178.03%-284.2M	-210.01%-790M	-174.31%-188.9M	134.45%73.3M	257.20%621.4M	41.49%364.2M	234.80%718.1M	1,027.74%254.2M	-1,214.14%-212.8M
Effect of exchange rate changes	-1,300.00%-1.4M	-100.00%-800K	37.50%1.1M	-200.00%-600K	-71.43%-1.2M	66.67%-100K	-300.00%-400K	366.67%800K	-200.00%-200K	---700K
End cash Position	-16.40%1.93B	-16.94%1.4B	-16.94%1.4B	126.85%2.19B	234.69%2.38B	149.51%2.3B	27.58%1.68B	27.58%1.68B	-47.95%964M	-62.22%710M
Free cash flow	-5.98%608.5M	19.46%1.73B	-66.85%164.8M	21.74%481.1M	54.60%438.3M	136.64%647.2M	20.40%1.45B	130.72%497.2M	19.83%395.2M	-28.17%283.5M
Currency Unit	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD
Accounting Standards	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP
Audit Opinions	--	Unqualified Opinion	--	--	--	--	Unqualified Opinion	--	--	--

Analysis

Analyst Rating

No Data

Price Target

No Data

Overall