10-Q Filing

FORTINET, INC. CIK: 1262039 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001262039-22-000019`
Period End Date	20220331
Filing Date	20220506
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	ftnt-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 44 Cash Flow Statement 88 Stockholders Equity 18 Comprehensive Income 16

Balance Sheet 78 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
Common Stock, shares issued	`CommonStockSharesIssued`	160.30M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$923.50M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	162.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.32B	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	160.30M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	162.00M	shares	Point-in-time
Short-term investments	`OtherShortTermInvestments`	$1.19B	USD	Point-in-time
Short-term investments	`OtherShortTermInvestments`	$1.19B	USD	Point-in-time
Marketable equity securities	`EquitySecuritiesFvNi`	$32.40M	USD	Point-in-time
Marketable equity securities	`EquitySecuritiesFvNi`	$38.60M	USD	Point-in-time
Accounts receivablenet	`AccountsReceivableNetCurrent`	$790.40M	USD	Point-in-time
Accounts receivablenet	`AccountsReceivableNetCurrent`	$807.70M	USD	Point-in-time
Inventory	`InventoryNet`	$175.80M	USD	Point-in-time
Inventory	`InventoryNet`	$184.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$91.70M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$65.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.21B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.60B	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$440.80M	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$360.80M	USD	Point-in-time
PROPERTY AND EQUIPMENTNET	`PropertyPlantAndEquipmentNet`	$786.50M	USD	Point-in-time
PROPERTY AND EQUIPMENTNET	`PropertyPlantAndEquipmentNet`	$687.60M	USD	Point-in-time
DEFERRED CONTRACT COSTS	`CapitalizedContractCostNet`	$437.50M	USD	Point-in-time
DEFERRED CONTRACT COSTS	`CapitalizedContractCostNet`	$423.30M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredIncomeTaxAssetsNet`	$431.70M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredIncomeTaxAssetsNet`	$342.30M	USD	Point-in-time
GOODWILL	`Goodwill`	$123.80M	USD	Point-in-time
GOODWILL	`Goodwill`	$125.10M	USD	Point-in-time
OTHER INTANGIBLE ASSETSNET	`IntangibleAssetsNetExcludingGoodwill`	$63.60M	USD	Point-in-time
OTHER INTANGIBLE ASSETSNET	`IntangibleAssetsNetExcludingGoodwill`	$55.10M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$247.40M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$235.80M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.65B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.92B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$148.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$174.70M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$197.30M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$261.40M	USD	Point-in-time
Accrued payroll and compensation	`EmployeeRelatedLiabilitiesCurrent`	$181.10M	USD	Point-in-time
Accrued payroll and compensation	`EmployeeRelatedLiabilitiesCurrent`	$195.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.89B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.78B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.51B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.32B	USD	Point-in-time
DEFERRED REVENUE	`ContractWithCustomerLiabilityNoncurrent`	$1.76B	USD	Point-in-time
DEFERRED REVENUE	`ContractWithCustomerLiabilityNoncurrent`	$1.68B	USD	Point-in-time
INCOME TAX LIABILITIES	`AccruedIncomeTaxesNoncurrent`	$79.50M	USD	Point-in-time
INCOME TAX LIABILITIES	`AccruedIncomeTaxesNoncurrent`	$82.70M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$988.90M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$988.40M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$59.20M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$71.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.42B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.12B	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value300.0 shares authorized; 160.3 and 162.0 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Common stock, $0.001 par value300.0 shares authorized; 160.3 and 162.0 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.25B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.24B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-15.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.00B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-467.90M	USD	Point-in-time
Total Fortinet, Inc. stockholders equity	`StockholdersEquity`	$781.70M	USD	Point-in-time
Total Fortinet, Inc. stockholders equity	`StockholdersEquity`	$217.70M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$16.70M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$15.50M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$856.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$798.40M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$980.80M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$233.20M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$5.65B	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$5.92B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$954.80M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$710.30M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$156.60M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$253.80M	USD	1 Quarter
Total gross profit	`GrossProfit`	$701.00M	USD	1 Quarter
Total gross profit	`GrossProfit`	$553.70M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$97.20M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$124.90M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$304.00M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$387.60M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$32.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$38.60M	USD	1 Quarter
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$1.10M	USD	1 Quarter
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$1.10M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$432.10M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$550.00M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$151.00M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$121.60M	USD	1 Quarter
INTEREST INCOME	`InvestmentIncomeNet`	$1.10M	USD	1 Quarter
INTEREST INCOME	`InvestmentIncomeNet`	$1.30M	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$4.50M	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$1.30M	USD	1 Quarter
OTHER EXPENSENET	`OtherNonoperatingIncomeExpense`	$-9.10M	USD	1 Quarter
OTHER EXPENSENET	`OtherNonoperatingIncomeExpense`	$-2.00M	USD	1 Quarter
INCOME BEFORE INCOME TAXES AND LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$138.70M	USD	1 Quarter
INCOME BEFORE INCOME TAXES AND LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$119.40M	USD	1 Quarter
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$-8.10M	USD	1 Quarter
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$12.20M	USD	1 Quarter
LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromEquityMethodInvestments`	$-8.50M	USD	1 Quarter
NET INCOME INCLUDING NON-CONTROLLING INTERESTS	`ProfitLoss`	$138.30M	USD	1 Quarter
NET INCOME INCLUDING NON-CONTROLLING INTERESTS	`ProfitLoss`	$107.20M	USD	1 Quarter
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTERESTS, NET OF TAX	`NetIncomeLossAttributableToNoncontrollingInterest`	$-100.00K	USD	1 Quarter
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTERESTS, NET OF TAX	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO FORTINET, INC.	`NetIncomeLoss`	$107.20M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO FORTINET, INC.	`NetIncomeLoss`	$138.40M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.66	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.86	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.64	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.84	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	160.70M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	163.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	166.40M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	164.20M	shares	1 Quarter

Cash Flow Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net income including non-controlling interests	`ProfitLoss`	$138.30M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$107.20M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$53.20M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$49.50M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$52.50M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$39.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.50M	USD	1 Quarter
Amortization of investment premiums	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-1.20M	USD	1 Quarter
Amortization of investment premiums	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-1.70M	USD	1 Quarter
Loss from equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	-	USD	1 Quarter
Loss from equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$-8.50M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-8.40M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-400.00K	USD	1 Quarter
Accounts receivablenet	`IncreaseDecreaseInAccountsReceivable`	$-82.50M	USD	1 Quarter
Accounts receivablenet	`IncreaseDecreaseInAccountsReceivable`	$-15.40M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$13.50M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$14.70M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$26.00M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$13.40M	USD	1 Quarter
Deferred contract costs	`IncreaseDecreaseInDeferredCharges`	$66.60M	USD	1 Quarter
Deferred contract costs	`IncreaseDecreaseInDeferredCharges`	$55.20M	USD	1 Quarter
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$87.60M	USD	1 Quarter
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$15.20M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.80M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$20.60M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$35.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-12.40M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$68.20M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.80M	USD	1 Quarter
Accrued payroll and compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-13.60M	USD	1 Quarter
Accrued payroll and compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-3.90M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$11.30M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$200.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$205.50M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$140.30M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$396.10M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$315.90M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireOtherInvestments`	$385.20M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireOtherInvestments`	$647.10M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$18.60M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$3.00M	USD	1 Quarter
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$459.40M	USD	1 Quarter
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$292.40M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$52.10M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$122.60M	USD	1 Quarter
Purchase of investment in privately held company	`PaymentsToAcquireEquityMethodInvestments`	-	USD	1 Quarter
Purchase of investment in privately held company	`PaymentsToAcquireEquityMethodInvestments`	$75.00M	USD	1 Quarter
Payments made in connection with business combinations, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Payments made in connection with business combinations, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$10.30M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-473.50M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-45.40M	USD	1 Quarter
Proceeds from long-term borrowings, net of discount and underwriting fees	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Proceeds from long-term borrowings, net of discount and underwriting fees	`ProceedsFromIssuanceOfLongTermDebt`	$989.40M	USD	1 Quarter
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.90M	USD	1 Quarter
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$691.20M	USD	1 Quarter
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$9.90M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$11.00M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$64.80M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$41.40M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-746.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$956.00M	USD	1 Quarter
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	1 Quarter
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-300.00K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-395.60M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$798.40M	USD	1 Quarter
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.86B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$923.50M	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.32B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.06B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.86B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$923.50M	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.32B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.06B	USD	Point-in-time
Cash paid for income taxesnet	`IncomeTaxesPaid`	$18.80M	USD	1 Quarter
Cash paid for income taxesnet	`IncomeTaxesPaid`	$23.60M	USD	1 Quarter
Operating lease liabilities arising from obtaining right-of-use assets	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$24.60M	USD	1 Quarter
Operating lease liabilities arising from obtaining right-of-use assets	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$9.80M	USD	1 Quarter
Transfers of evaluation units from inventory to property and equipment	`TransfersofEvaluationUnitsfromInventorytoPropertyandEquipment`	$5.10M	USD	1 Quarter
Transfers of evaluation units from inventory to property and equipment	`TransfersofEvaluationUnitsfromInventorytoPropertyandEquipment`	$2.90M	USD	1 Quarter
Liability for purchase of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$34.30M	USD	1 Quarter
Liability for purchase of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$15.50M	USD	1 Quarter
Liability incurred in connection with business acquisition	`BusinessCombinationConsiderationTransferredLiabilitiesIncurred`	$500.00K	USD	1 Quarter
Liability incurred in connection with business acquisition	`BusinessCombinationConsiderationTransferredLiabilitiesIncurred`	-	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$856.00M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$798.40M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$980.80M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$233.20M	USD	Point-in-time
Issuance of common stock in connection with equity incentive plans - net of tax withholding	`StockIssuedDuringPeriodValueEquityIncentivePlansNetofTaxesWithheld`	$-53.80M	USD	1 Quarter
Issuance of common stock in connection with equity incentive plans - net of tax withholding	`StockIssuedDuringPeriodValueEquityIncentivePlansNetofTaxesWithheld`	$-31.50M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$691.20M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$49.50M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$53.20M	USD	1 Quarter
Net unrealized loss on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-7.20M	USD	1 Quarter
Net unrealized loss on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-400.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.50M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$138.30M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$107.20M	USD	1 Quarter
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$856.00M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$798.40M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$980.80M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$233.20M	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net income including non-controlling interests	`ProfitLoss`	$138.30M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$107.20M	USD	1 Quarter
Change in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-4.50M	USD	1 Quarter
Change in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	-	USD	1 Quarter
Change in unrealized losses on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-600.00K	USD	1 Quarter
Change in unrealized losses on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-9.30M	USD	1 Quarter
Less: tax benefit related to items of other comprehensive income or loss	`OtherComprehensiveIncomeLossTax`	$-2.10M	USD	1 Quarter
Less: tax benefit related to items of other comprehensive income or loss	`OtherComprehensiveIncomeLossTax`	$-200.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-11.70M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-400.00K	USD	1 Quarter
Comprehensive income including non-controlling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$106.80M	USD	1 Quarter
Comprehensive income including non-controlling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$126.60M	USD	1 Quarter
Less: comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-1.20M	USD	1 Quarter
Comprehensive income attributable to Fortinet, Inc.	`ComprehensiveIncomeNetOfTax`	$106.80M	USD	1 Quarter
Comprehensive income attributable to Fortinet, Inc.	`ComprehensiveIncomeNetOfTax`	$127.80M	USD	1 Quarter

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