Selected Financial Data
since 2009
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Fortinet Inc. pages available for free this week:
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Return on Equity (ROE) since 2009
- Return on Assets (ROA) since 2009
- Price to Sales (P/S) since 2009
- Analysis of Revenues
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Income Statement
Fortinet Inc., selected items from income statement, long-term trends
US$ in thousands
| 12 months ended: | Revenue | Operating income | Net income attributable to Fortinet, Inc. |
|---|---|---|---|
| Dec 31, 2022 | |||
| Dec 31, 2021 | |||
| Dec 31, 2020 | |||
| Dec 31, 2019 | |||
| Dec 31, 2018 | |||
| Dec 31, 2017 | |||
| Dec 31, 2016 | |||
| Dec 31, 2015 | |||
| Dec 31, 2014 | |||
| Dec 31, 2013 | |||
| Dec 31, 2012 | |||
| Dec 31, 2011 | |||
| Dec 31, 2010 | |||
| Dec 31, 2009 |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31).
- Revenue:
- The revenue of Fortinet Inc. has shown a consistent upward trend over the years, with significant growth from 2009 to 2022. There was a steady increase in revenue, reflecting the company's expansion and increased market presence.
- Operating Income:
- The operating income of Fortinet Inc. exhibited some fluctuations but generally followed an increasing trend. The company experienced a noticeable rise in operating income, indicating improved operational efficiency and profitability over time.
- Net Income Attributable to Fortinet, Inc.:
- Net income attributable to Fortinet, Inc. displayed variability in the early years but demonstrated substantial growth in later periods. The company achieved remarkable growth in net income, showcasing its ability to generate profits and deliver value to shareholders.
Balance Sheet: Assets
Fortinet Inc., selected items from assets, long-term trends
US$ in thousands
| Current assets | Total assets | |
|---|---|---|
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 | ||
| Dec 31, 2019 | ||
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 31, 2013 | ||
| Dec 31, 2012 | ||
| Dec 31, 2011 | ||
| Dec 31, 2010 | ||
| Dec 31, 2009 |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31).
- Current Assets:
- The trend analysis of current assets shows a consistent increase from 342,217 in 2009 to 3,810,400 in 2021, indicating a steady growth in liquidity over the years. However, there was a slight decrease in 2022 compared to the previous year.
- Total Assets:
- The total assets have displayed a rising trend, starting from 387,213 in 2009 and reaching 6,228,000 in 2022. This growth suggests the company has been expanding its asset base significantly over the years.
Balance Sheet: Liabilities and Stockholders’ Equity
Fortinet Inc., selected items from liabilities and stockholders’ equity, long-term trends
US$ in thousands
| Current liabilities | Total liabilities | Long-term debt | Total Fortinet, Inc. stockholders’ equity (deficit) | |
|---|---|---|---|---|
| Dec 31, 2022 | ||||
| Dec 31, 2021 | ||||
| Dec 31, 2020 | ||||
| Dec 31, 2019 | ||||
| Dec 31, 2018 | ||||
| Dec 31, 2017 | ||||
| Dec 31, 2016 | ||||
| Dec 31, 2015 | ||||
| Dec 31, 2014 | ||||
| Dec 31, 2013 | ||||
| Dec 31, 2012 | ||||
| Dec 31, 2011 | ||||
| Dec 31, 2010 | ||||
| Dec 31, 2009 |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31).
- Current Liabilities:
- The trend of current liabilities shows a consistent increase from 2009 to 2022. There is a steady growth in the amount owed by the company for the given period.
- Total Liabilities:
- Total liabilities depict a similar increasing trend as current liabilities, indicating a rise in the company's overall obligations and debts over time.
- Long-term Debt:
- Long-term debt remains imperceptible until 2018, where a significant amount of $990.4 million appears, demonstrating a notable long-term borrowing decision reflected in the financials.
- Total Fortinet, Inc. Stockholders' Equity (Deficit):
- The stockholders' equity portrays fluctuating values over the years. A marked decrease in 2022 to a deficit of $281.6 million from positive values in previous years suggests potential financial challenges that need attention.
Cash Flow Statement
Fortinet Inc., selected items from cash flow statement, long-term trends
US$ in thousands
| 12 months ended: | Net cash provided by operating activities | Net cash (used in) provided by investing activities | Net cash provided by (used in) financing activities |
|---|---|---|---|
| Dec 31, 2022 | |||
| Dec 31, 2021 | |||
| Dec 31, 2020 | |||
| Dec 31, 2019 | |||
| Dec 31, 2018 | |||
| Dec 31, 2017 | |||
| Dec 31, 2016 | |||
| Dec 31, 2015 | |||
| Dec 31, 2014 | |||
| Dec 31, 2013 | |||
| Dec 31, 2012 | |||
| Dec 31, 2011 | |||
| Dec 31, 2010 | |||
| Dec 31, 2009 |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31).
- Net cash provided by operating activities:
- The data shows a consistent upward trend over the years, with a significant increase from 2016 onwards. The company has been generating more cash from its core business activities.
- Net cash (used in) provided by investing activities:
- There is considerable variability in this category, with a major negative spike in 2010 and 2022. This indicates fluctuating investment decisions that have impacted cash flows.
- Net cash provided by (used in) financing activities:
- Fluctuations are visible in this metric, with both positive and negative values. The trend shows the company has relied on financing activities for cash in some years while repaying debts in others.
Per Share Data
Fortinet Inc., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Dec 31, 2022 | |||
| Dec 31, 2021 | |||
| Dec 31, 2020 | |||
| Dec 31, 2019 | |||
| Dec 31, 2018 | |||
| Dec 31, 2017 | |||
| Dec 31, 2016 | |||
| Dec 31, 2015 | |||
| Dec 31, 2014 | |||
| Dec 31, 2013 | |||
| Dec 31, 2012 | |||
| Dec 31, 2011 | |||
| Dec 31, 2010 | |||
| Dec 31, 2009 |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31).
1, 2, 3 Data adjusted for splits and stock dividends.
- Basic earnings per share:
- The basic earnings per share of Fortinet Inc. fluctuated over the years, starting at 0.19 US$ in 2009, declining to 0.01 US$ in 2015, and eventually showing a notable increase to 1.08 US$ by the end of 2022.
- Diluted earnings per share:
- Similarly, the diluted earnings per share followed a pattern of fluctuation, with values ranging from 0.08 US$ in 2011 to 0.01 US$ in 2015, and culminating in 1.06 US$ by the end of 2022.
- Dividend per share:
- There is missing data for the dividend per share throughout all the reported periods, indicating that dividend information is not available in the provided dataset.