10-Q Filing

FORTINET, INC. CIK: 1262039 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001262039-21-000030`
Period End Date	20210930
Filing Date	20211108
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	ftnt-20210930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 88 Cash Flow Statement 96 Stockholders Equity 34 Comprehensive Income 32

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Common Stock, par value (dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par value (dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.06B	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	163.40M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.85B	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	162.50M	shares	Point-in-time
Short-term investments	`OtherShortTermInvestments`	$1.23B	USD	Point-in-time
Short-term investments	`OtherShortTermInvestments`	$775.50M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	163.40M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	162.50M	shares	Point-in-time
Marketable equity securities	`EquitySecuritiesFvNi`	$40.80M	USD	Point-in-time
Marketable equity securities	`EquitySecuritiesFvNi`	-	USD	Point-in-time
Accounts receivablenet	`AccountsReceivableNetCurrent`	$720.00M	USD	Point-in-time
Accounts receivablenet	`AccountsReceivableNetCurrent`	$604.90M	USD	Point-in-time
Inventory	`InventoryNet`	$177.90M	USD	Point-in-time
Inventory	`InventoryNet`	$139.80M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$59.70M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$43.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.74B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.96B	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$298.20M	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$118.30M	USD	Point-in-time
PROPERTY AND EQUIPMENTNET	`PropertyPlantAndEquipmentNet`	$448.00M	USD	Point-in-time
PROPERTY AND EQUIPMENTNET	`PropertyPlantAndEquipmentNet`	$556.60M	USD	Point-in-time
DEFERRED CONTRACT COSTS	`CapitalizedContractCostNet`	$378.80M	USD	Point-in-time
DEFERRED CONTRACT COSTS	`CapitalizedContractCostNet`	$304.80M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredIncomeTaxAssetsNet`	$245.20M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredIncomeTaxAssetsNet`	$337.30M	USD	Point-in-time
GOODWILL	`Goodwill`	$93.00M	USD	Point-in-time
GOODWILL	`Goodwill`	$127.60M	USD	Point-in-time
OTHER INTANGIBLE ASSETSNET	`IntangibleAssetsNetExcludingGoodwill`	$71.00M	USD	Point-in-time
OTHER INTANGIBLE ASSETSNET	`IntangibleAssetsNetExcludingGoodwill`	$31.60M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$63.20M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$237.60M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.04B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.97B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$141.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$142.30M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$149.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$247.80M	USD	Point-in-time
Accrued payroll and compensation	`EmployeeRelatedLiabilitiesCurrent`	$145.90M	USD	Point-in-time
Accrued payroll and compensation	`EmployeeRelatedLiabilitiesCurrent`	$174.20M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$17.60M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.39B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.62B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.83B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.20B	USD	Point-in-time
DEFERRED REVENUE	`ContractWithCustomerLiabilityNoncurrent`	$1.21B	USD	Point-in-time
DEFERRED REVENUE	`ContractWithCustomerLiabilityNoncurrent`	$1.49B	USD	Point-in-time
INCOME TAX LIABILITIES	`AccruedIncomeTaxesNoncurrent`	$90.30M	USD	Point-in-time
INCOME TAX LIABILITIES	`AccruedIncomeTaxesNoncurrent`	$96.50M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	-	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$988.00M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$62.20M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$56.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.83B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.19B	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value300.0 shares authorized; 163.4 and 162.5 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Common stock, $0.001 par value300.0 shares authorized; 163.4 and 162.5 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.26B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.21B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.20M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$700.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-138.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-352.10M	USD	Point-in-time
Total Fortinet, Inc. stockholders equity	`StockholdersEquity`	$1.12B	USD	Point-in-time
Total Fortinet, Inc. stockholders equity	`StockholdersEquity`	$856.00M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	-	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$17.50M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.34B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$566.70M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$713.20M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.05B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$856.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.14B	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$5.97B	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$4.04B	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.85B	USD	3 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$867.20M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.38B	USD	3 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$651.10M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$403.00M	USD	3 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$139.20M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$211.20M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$554.70M	USD	3 Qtrs
Total gross profit	`GrossProfit`	$1.82B	USD	3 Qtrs
Total gross profit	`GrossProfit`	$656.00M	USD	1 Quarter
Total gross profit	`GrossProfit`	$511.90M	USD	1 Quarter
Total gross profit	`GrossProfit`	$1.44B	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$311.60M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$107.80M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$90.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$252.40M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$978.00M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$266.70M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$780.50M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$347.10M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$102.20M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$35.80M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$29.40M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$87.10M	USD	3 Qtrs
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$1.10M	USD	1 Quarter
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$39.00M	USD	3 Qtrs
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$3.40M	USD	3 Qtrs
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$1.10M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$385.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.39B	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.08B	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$489.60M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$166.40M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$126.90M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$362.40M	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$435.50M	USD	3 Qtrs
INTEREST INCOME	`InvestmentIncomeNet`	$3.50M	USD	3 Qtrs
INTEREST INCOME	`InvestmentIncomeNet`	$1.20M	USD	1 Quarter
INTEREST INCOME	`InvestmentIncomeNet`	$2.50M	USD	1 Quarter
INTEREST INCOME	`InvestmentIncomeNet`	$15.70M	USD	3 Qtrs
INTEREST EXPENSE	`InterestExpense`	-	USD	3 Qtrs
INTEREST EXPENSE	`InterestExpense`	-	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$10.40M	USD	3 Qtrs
INTEREST EXPENSE	`InterestExpense`	$4.60M	USD	1 Quarter
OTHER EXPENSENET	`OtherNonoperatingIncomeExpense`	$-1.00M	USD	1 Quarter
OTHER EXPENSENET	`OtherNonoperatingIncomeExpense`	$-8.10M	USD	3 Qtrs
OTHER EXPENSENET	`OtherNonoperatingIncomeExpense`	$-7.50M	USD	3 Qtrs
OTHER EXPENSENET	`OtherNonoperatingIncomeExpense`	$-6.30M	USD	1 Quarter
INCOME BEFORE INCOME TAXES AND LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$370.00M	USD	3 Qtrs
INCOME BEFORE INCOME TAXES AND LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$156.70M	USD	1 Quarter
INCOME BEFORE INCOME TAXES AND LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$421.10M	USD	3 Qtrs
INCOME BEFORE INCOME TAXES AND LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$128.40M	USD	1 Quarter
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$10.40M	USD	3 Qtrs
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$-9.30M	USD	1 Quarter
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$5.00M	USD	1 Quarter
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$28.20M	USD	3 Qtrs
LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromEquityMethodInvestments`	$-2.80M	USD	3 Qtrs
LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromEquityMethodInvestments`	$-2.80M	USD	1 Quarter
LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromEquityMethodInvestments`	-	USD	3 Qtrs
NET INCOME INCLUDING NON-CONTROLLING INTERESTS	`ProfitLoss`	$123.40M	USD	1 Quarter
NET INCOME INCLUDING NON-CONTROLLING INTERESTS	`ProfitLoss`	$407.90M	USD	3 Qtrs
NET INCOME INCLUDING NON-CONTROLLING INTERESTS	`ProfitLoss`	$163.20M	USD	1 Quarter
NET INCOME INCLUDING NON-CONTROLLING INTERESTS	`ProfitLoss`	$341.80M	USD	3 Qtrs
LESS: NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS, NET OF TAX	`NetIncomeLossAttributableToNoncontrollingInterest`	$100.00K	USD	3 Qtrs
LESS: NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS, NET OF TAX	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
LESS: NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS, NET OF TAX	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
LESS: NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS, NET OF TAX	`NetIncomeLossAttributableToNoncontrollingInterest`	$100.00K	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO FORTINET, INC.	`NetIncomeLoss`	$407.80M	USD	3 Qtrs
NET INCOME ATTRIBUTABLE TO FORTINET, INC.	`NetIncomeLoss`	$341.80M	USD	3 Qtrs
NET INCOME ATTRIBUTABLE TO FORTINET, INC.	`NetIncomeLoss`	$123.40M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO FORTINET, INC.	`NetIncomeLoss`	$163.10M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.50	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.00	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.76	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.07	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.03	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.75	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.44	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.97	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	164.80M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	163.50M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	163.30M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	162.10M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	167.70M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	168.40M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	165.60M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	167.10M	shares	3 Qtrs

Cash Flow Statement 96 line items

Line Item	Tag	Value	Unit	Period
Net income including non-controlling interests	`ProfitLoss`	$123.40M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$407.90M	USD	3 Qtrs
Net income including non-controlling interests	`ProfitLoss`	$163.20M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$341.80M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$154.80M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$143.00M	USD	3 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$99.80M	USD	3 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$35.30M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$45.10M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$126.90M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$59.10M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$52.10M	USD	3 Qtrs
Amortization of investment premiums	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-200.00K	USD	3 Qtrs
Amortization of investment premiums	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-4.80M	USD	3 Qtrs
Loss from equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	-	USD	3 Qtrs
Loss from equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$-2.80M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-4.40M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-5.80M	USD	3 Qtrs
Accounts receivablenet	`IncreaseDecreaseInAccountsReceivable`	$-130.60M	USD	3 Qtrs
Accounts receivablenet	`IncreaseDecreaseInAccountsReceivable`	$3.10M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$19.50M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$31.00M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$12.50M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.60M	USD	3 Qtrs
Deferred contract costs	`IncreaseDecreaseInDeferredCharges`	$201.00M	USD	3 Qtrs
Deferred contract costs	`IncreaseDecreaseInDeferredCharges`	$143.90M	USD	3 Qtrs
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$91.90M	USD	3 Qtrs
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$-4.40M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$15.70M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.00M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-11.80M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.20M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$77.00M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$16.50M	USD	3 Qtrs
Accrued payroll and compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$19.50M	USD	3 Qtrs
Accrued payroll and compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$23.10M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-3.20M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$10.30M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$497.10M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$282.60M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$787.20M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.13B	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireOtherInvestments`	$1.75B	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireOtherInvestments`	$776.30M	USD	3 Qtrs
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$141.40M	USD	3 Qtrs
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$82.20M	USD	3 Qtrs
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$1.03B	USD	3 Qtrs
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$730.30M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$93.60M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$144.60M	USD	3 Qtrs
Purchase of investment in privately held company	`PaymentsToAcquireEquityMethodInvestments`	-	USD	3 Qtrs
Purchase of investment in privately held company	`PaymentsToAcquireEquityMethodInvestments`	$160.00M	USD	3 Qtrs
Payments made in connection with business combinations, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$9.20M	USD	3 Qtrs
Payments made in connection with business combinations, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$73.40M	USD	3 Qtrs
Purchases of marketable equity securities	`PaymentsToAcquireEquitySecuritiesFvNi`	$400.00K	USD	3 Qtrs
Purchases of marketable equity securities	`PaymentsToAcquireEquitySecuritiesFvNi`	$42.50M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.80M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.06B	USD	3 Qtrs
Proceeds from long-term borrowings, net of discount and underwriting fees	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	3 Qtrs
Proceeds from long-term borrowings, net of discount and underwriting fees	`ProceedsFromIssuanceOfLongTermDebt`	$989.40M	USD	3 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$2.40M	USD	3 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Payments of debt assumed in connection with business combination	`RepaymentsOfDebt`	$2.20M	USD	3 Qtrs
Payments of debt assumed in connection with business combination	`RepaymentsOfDebt`	$4.10M	USD	3 Qtrs
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.05B	USD	3 Qtrs
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$170.00M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$18.20M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$20.70M	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$86.50M	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$118.90M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-200.00K	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.20M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.12B	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$716.40M	USD	3 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$200.00K	USD	3 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$790.30M	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-340.20M	USD	3 Qtrs
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.85B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.06B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$882.30M	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.85B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.06B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$882.30M	USD	Point-in-time
Cash paid for income taxesnet	`IncomeTaxesPaid`	$27.60M	USD	3 Qtrs
Cash paid for income taxesnet	`IncomeTaxesPaid`	$69.90M	USD	3 Qtrs
Operating lease liabilities arising from obtaining right-of-use assets	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$14.70M	USD	3 Qtrs
Operating lease liabilities arising from obtaining right-of-use assets	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$31.00M	USD	3 Qtrs
Transfers of evaluation units from inventory to property and equipment	`TransfersofEvaluationUnitsfromInventorytoPropertyandEquipment`	$14.80M	USD	3 Qtrs
Transfers of evaluation units from inventory to property and equipment	`TransfersofEvaluationUnitsfromInventorytoPropertyandEquipment`	$14.60M	USD	3 Qtrs
Liability for purchase of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$23.80M	USD	3 Qtrs
Liability for purchase of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$26.10M	USD	3 Qtrs
Liability incurred for repurchase of common stock	`RepurchaseofCommonStockLiabilitiesIncurred`	$30.40M	USD	3 Qtrs
Liability incurred for repurchase of common stock	`RepurchaseofCommonStockLiabilitiesIncurred`	-	USD	3 Qtrs

Stockholders Equity 34 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.34B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$566.70M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$713.20M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.05B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$856.00M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.14B	USD	Point-in-time
Issuance of common stock in connection with equity incentive plans - net of tax withholding	`StockIssuedDuringPeriodValueEquityIncentivePlansNetofTaxesWithheld`	$-38.00M	USD	1 Quarter
Issuance of common stock in connection with equity incentive plans - net of tax withholding	`StockIssuedDuringPeriodValueEquityIncentivePlansNetofTaxesWithheld`	$-98.20M	USD	3 Qtrs
Issuance of common stock in connection with equity incentive plans - net of tax withholding	`StockIssuedDuringPeriodValueEquityIncentivePlansNetofTaxesWithheld`	$-25.10M	USD	1 Quarter
Issuance of common stock in connection with equity incentive plans - net of tax withholding	`StockIssuedDuringPeriodValueEquityIncentivePlansNetofTaxesWithheld`	$-68.30M	USD	3 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$200.40M	USD	3 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$108.80M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$1.05B	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$143.00M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$52.70M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$49.30M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$154.80M	USD	3 Qtrs
Recognition of non-controlling interests upon business combination	`MinorityInterestPeriodIncreaseDecrease`	$17.80M	USD	1 Quarter
Net unrealized gain on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$300.00K	USD	3 Qtrs
Net unrealized gain on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-700.00K	USD	3 Qtrs
Net unrealized gain on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.10M	USD	1 Quarter
Net unrealized gain on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$100.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.60M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.60M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$123.40M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$407.90M	USD	3 Qtrs
Net income including non-controlling interests	`ProfitLoss`	$163.20M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$341.80M	USD	3 Qtrs
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.34B	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$566.70M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$713.20M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.05B	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$856.00M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.14B	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
Net income including non-controlling interests	`ProfitLoss`	$123.40M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$407.90M	USD	3 Qtrs
Net income including non-controlling interests	`ProfitLoss`	$163.20M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$341.80M	USD	3 Qtrs
Change in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	-	USD	1 Quarter
Change in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-1.60M	USD	1 Quarter
Change in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-1.60M	USD	3 Qtrs
Change in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	-	USD	3 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	-	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$700.00K	USD	3 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-1.00M	USD	3 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-1.40M	USD	1 Quarter
Less: tax provision (benefit) related to items of other comprehensive income or loss	`OtherComprehensiveIncomeLossTax`	$-100.00K	USD	1 Quarter
Less: tax provision (benefit) related to items of other comprehensive income or loss	`OtherComprehensiveIncomeLossTax`	$-300.00K	USD	3 Qtrs
Less: tax provision (benefit) related to items of other comprehensive income or loss	`OtherComprehensiveIncomeLossTax`	$400.00K	USD	3 Qtrs
Less: tax provision (benefit) related to items of other comprehensive income or loss	`OtherComprehensiveIncomeLossTax`	$-300.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.30M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$300.00K	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-1.50M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-1.10M	USD	1 Quarter
Comprehensive income including non-controlling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$161.70M	USD	1 Quarter
Comprehensive income including non-controlling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$342.10M	USD	3 Qtrs
Comprehensive income including non-controlling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$122.30M	USD	1 Quarter
Comprehensive income including non-controlling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$405.60M	USD	3 Qtrs
Less: comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-300.00K	USD	3 Qtrs
Less: comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
Less: comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-300.00K	USD	1 Quarter
Comprehensive income attributable to Fortinet, Inc.	`ComprehensiveIncomeNetOfTax`	$342.10M	USD	3 Qtrs
Comprehensive income attributable to Fortinet, Inc.	`ComprehensiveIncomeNetOfTax`	$122.30M	USD	1 Quarter
Comprehensive income attributable to Fortinet, Inc.	`ComprehensiveIncomeNetOfTax`	$162.00M	USD	1 Quarter
Comprehensive income attributable to Fortinet, Inc.	`ComprehensiveIncomeNetOfTax`	$405.90M	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.