Stock Analysis on Net

Fortinet Inc. (NASDAQ:FTNT)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 8, 2023.

Common-Size Income Statement

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Fortinet Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Product
Service
Revenue
Product
Service
Cost of revenue
Gross profit
Research and development
Sales and marketing
General and administrative
Gain on intellectual property matter
Operating expenses
Operating income
Interest income
Interest expense
Other expense, net
Income before income taxes and loss from equity method investment
(Provision for) benefit from income taxes
Loss from equity method investment
Net income including non-controlling interests
Net loss attributable to non-controlling interests, net of tax
Net income attributable to Fortinet, Inc.

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Fortinet Inc. operating income as a percentage of revenue decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Income before income taxes and loss from equity method investment Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Fortinet Inc. income before income taxes and loss from equity method investment as a percentage of revenue decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Net income attributable to Fortinet, Inc. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Fortinet Inc. net income attributable to Fortinet, Inc. as a percentage of revenue decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.