10-Q Filing

FORTINET, INC. CIK: 1262039 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001262039-22-000029`
Period End Date	20220630
Filing Date	20220805
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	ftnt-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 88 Cash Flow Statement 92 Stockholders Equity 34 Comprehensive Income 32

Balance Sheet 80 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`	1.50B	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	788.40M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	810.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.32B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$710.00M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	788.40M	shares	Point-in-time
Short-term investments	`OtherShortTermInvestments`	$1.19B	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	810.00M	shares	Point-in-time
Short-term investments	`OtherShortTermInvestments`	$1.02B	USD	Point-in-time
Marketable equity securities	`EquitySecuritiesFvNi`	$24.30M	USD	Point-in-time
Marketable equity securities	`EquitySecuritiesFvNi`	$38.60M	USD	Point-in-time
Accounts receivablenet	`AccountsReceivableNetCurrent`	$807.70M	USD	Point-in-time
Accounts receivablenet	`AccountsReceivableNetCurrent`	$919.50M	USD	Point-in-time
Inventory	`InventoryNet`	$175.80M	USD	Point-in-time
Inventory	`InventoryNet`	$195.20M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$83.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$65.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.60B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.95B	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$188.50M	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$440.80M	USD	Point-in-time
PROPERTY AND EQUIPMENTNET	`PropertyPlantAndEquipmentNet`	$814.60M	USD	Point-in-time
PROPERTY AND EQUIPMENTNET	`PropertyPlantAndEquipmentNet`	$687.60M	USD	Point-in-time
DEFERRED CONTRACT COSTS	`CapitalizedContractCostNet`	$423.30M	USD	Point-in-time
DEFERRED CONTRACT COSTS	`CapitalizedContractCostNet`	$456.90M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredIncomeTaxAssetsNet`	$342.30M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredIncomeTaxAssetsNet`	$480.20M	USD	Point-in-time
GOODWILL	`Goodwill`	$125.10M	USD	Point-in-time
GOODWILL	`Goodwill`	$121.30M	USD	Point-in-time
OTHER INTANGIBLE ASSETSNET	`IntangibleAssetsNetExcludingGoodwill`	$45.40M	USD	Point-in-time
OTHER INTANGIBLE ASSETSNET	`IntangibleAssetsNetExcludingGoodwill`	$63.60M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$234.70M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$235.80M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.92B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.29B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$148.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$193.10M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$241.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$197.30M	USD	Point-in-time
Accrued payroll and compensation	`EmployeeRelatedLiabilitiesCurrent`	$195.00M	USD	Point-in-time
Accrued payroll and compensation	`EmployeeRelatedLiabilitiesCurrent`	$187.40M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.01B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.78B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.32B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.63B	USD	Point-in-time
DEFERRED REVENUE	`ContractWithCustomerLiabilityNoncurrent`	$1.92B	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`	$67.10M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$988.40M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$989.40M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$59.20M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$63.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.12B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.67B	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value1,500.0 shares authorized; 788.4 and 810.0 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$800.00K	USD	Point-in-time
Common stock, $0.001 par value1,500.0 shares authorized; 788.4 and 810.0 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$800.00K	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`	$-23.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-467.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.61B	USD	Point-in-time
Total Fortinet, Inc. stockholders equity (deficit)	`StockholdersEquity`	$-392.90M	USD	Point-in-time
Total Fortinet, Inc. stockholders equity (deficit)	`StockholdersEquity`	$781.70M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$16.70M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$13.30M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$980.80M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.05B	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-379.60M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$856.00M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$798.40M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$233.20M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$5.29B	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$5.92B	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$801.10M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.03B	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.51B	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.98B	USD	2 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$186.90M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$250.80M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$343.50M	USD	2 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$504.60M	USD	2 Qtrs
Total gross profit	`GrossProfit`	$1.48B	USD	2 Qtrs
Total gross profit	`GrossProfit`	$1.17B	USD	2 Qtrs
Total gross profit	`GrossProfit`	$614.20M	USD	1 Quarter
Total gross profit	`GrossProfit`	$779.30M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$124.30M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$249.20M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$203.80M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$106.60M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$803.10M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$326.90M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$630.90M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$415.50M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$84.00M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$45.40M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$66.40M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$34.40M	USD	1 Quarter
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$1.20M	USD	1 Quarter
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$2.30M	USD	2 Qtrs
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$2.30M	USD	2 Qtrs
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$1.20M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.13B	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$584.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$466.70M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$898.80M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$147.50M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$346.30M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$269.10M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$195.30M	USD	1 Quarter
INTEREST INCOME	`InvestmentIncomeNet`	$2.30M	USD	2 Qtrs
INTEREST INCOME	`InvestmentIncomeNet`	$1.20M	USD	1 Quarter
INTEREST INCOME	`InvestmentIncomeNet`	$2.40M	USD	1 Quarter
INTEREST INCOME	`InvestmentIncomeNet`	$3.70M	USD	2 Qtrs
INTEREST EXPENSE	`InterestExpense`	$9.00M	USD	2 Qtrs
INTEREST EXPENSE	`InterestExpense`	$5.80M	USD	2 Qtrs
INTEREST EXPENSE	`InterestExpense`	$4.50M	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$4.50M	USD	1 Quarter
OTHER INCOME (EXPENSE)NET	`OtherNonoperatingIncomeExpense`	$-18.40M	USD	2 Qtrs
OTHER INCOME (EXPENSE)NET	`OtherNonoperatingIncomeExpense`	$-9.30M	USD	1 Quarter
OTHER INCOME (EXPENSE)NET	`OtherNonoperatingIncomeExpense`	$800.00K	USD	1 Quarter
OTHER INCOME (EXPENSE)NET	`OtherNonoperatingIncomeExpense`	$-1.20M	USD	2 Qtrs
INCOME BEFORE INCOME TAXES AND LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$145.00M	USD	1 Quarter
INCOME BEFORE INCOME TAXES AND LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$322.60M	USD	2 Qtrs
INCOME BEFORE INCOME TAXES AND LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$183.90M	USD	1 Quarter
INCOME BEFORE INCOME TAXES AND LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$264.40M	USD	2 Qtrs
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$2.40M	USD	1 Quarter
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$19.70M	USD	2 Qtrs
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$7.50M	USD	1 Quarter
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$-5.70M	USD	2 Qtrs
LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromEquityMethodInvestments`	-	USD	2 Qtrs
LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromEquityMethodInvestments`	$-8.10M	USD	1 Quarter
LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromEquityMethodInvestments`	$-16.60M	USD	2 Qtrs
NET INCOME INCLUDING NON-CONTROLLING INTERESTS	`ProfitLoss`	$173.40M	USD	1 Quarter
NET INCOME INCLUDING NON-CONTROLLING INTERESTS	`ProfitLoss`	$137.50M	USD	1 Quarter
NET INCOME INCLUDING NON-CONTROLLING INTERESTS	`ProfitLoss`	$244.70M	USD	2 Qtrs
NET INCOME INCLUDING NON-CONTROLLING INTERESTS	`ProfitLoss`	$311.70M	USD	2 Qtrs
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTERESTS, NET OF TAX	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTERESTS, NET OF TAX	`NetIncomeLossAttributableToNoncontrollingInterest`	$-200.00K	USD	2 Qtrs
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	2 Qtrs
NET INCOME ATTRIBUTABLE TO FORTINET, INC.	`NetIncomeLoss`	$311.90M	USD	2 Qtrs
NET INCOME ATTRIBUTABLE TO FORTINET, INC.	`NetIncomeLoss`	$173.50M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO FORTINET, INC.	`NetIncomeLoss`	$244.70M	USD	2 Qtrs
NET INCOME ATTRIBUTABLE TO FORTINET, INC.	`NetIncomeLoss`	$137.50M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.30	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.39	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.38	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.29	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	799.40M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	816.70M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	795.40M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	815.90M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	815.40M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	833.70M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	835.40M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	810.10M	shares	1 Quarter

Cash Flow Statement 92 line items

Line Item	Tag	Value	Unit	Period
Net income including non-controlling interests	`ProfitLoss`	$173.40M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$137.50M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$244.70M	USD	2 Qtrs
Net income including non-controlling interests	`ProfitLoss`	$311.70M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$102.10M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$107.90M	USD	2 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$81.80M	USD	2 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$42.10M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$54.60M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$107.10M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$50.60M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$36.20M	USD	2 Qtrs
Amortization of investment premiums	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-2.80M	USD	2 Qtrs
Amortization of investment premiums	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-2.90M	USD	2 Qtrs
Loss from equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$-16.60M	USD	2 Qtrs
Loss from equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	-	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-22.80M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-300.00K	USD	2 Qtrs
Accounts receivablenet	`IncreaseDecreaseInAccountsReceivable`	$-135.60M	USD	2 Qtrs
Accounts receivablenet	`IncreaseDecreaseInAccountsReceivable`	$119.30M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$31.20M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$20.10M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$18.20M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$16.40M	USD	2 Qtrs
Deferred contract costs	`IncreaseDecreaseInDeferredCharges`	$140.60M	USD	2 Qtrs
Deferred contract costs	`IncreaseDecreaseInDeferredCharges`	$124.80M	USD	2 Qtrs
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$136.30M	USD	2 Qtrs
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$25.80M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$11.80M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$16.70M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$52.70M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.50M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$21.30M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$30.10M	USD	2 Qtrs
Accrued payroll and compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$18.70M	USD	2 Qtrs
Accrued payroll and compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-6.80M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.20M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$5.70M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$480.60M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$300.10M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$734.10M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$719.50M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireOtherInvestments`	$389.10M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireOtherInvestments`	$1.26B	USD	2 Qtrs
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$71.40M	USD	2 Qtrs
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$3.00M	USD	2 Qtrs
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$797.30M	USD	2 Qtrs
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$600.30M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$162.50M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$75.60M	USD	2 Qtrs
Purchase of investment in privately held company	`PaymentsToAcquireEquityMethodInvestments`	$75.00M	USD	2 Qtrs
Purchase of investment in privately held company	`PaymentsToAcquireEquityMethodInvestments`	-	USD	2 Qtrs
Payments made in connection with business combinations, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$10.30M	USD	2 Qtrs
Payments made in connection with business combinations, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$248.70M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-751.70M	USD	2 Qtrs
Proceeds from long-term borrowings, net of discount and underwriting fees	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Proceeds from long-term borrowings, net of discount and underwriting fees	`ProceedsFromIssuanceOfLongTermDebt`	$989.40M	USD	2 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$2.40M	USD	2 Qtrs
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.49B	USD	2 Qtrs
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$91.60M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$15.90M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$15.80M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$76.00M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$99.90M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-100.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.10M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.58B	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$835.10M	USD	2 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	2 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.00M	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-609.10M	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$817.50M	USD	2 Qtrs
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.32B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$710.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.06B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.88B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.32B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$710.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.06B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.88B	USD	Point-in-time
Cash paid for income taxesnet	`IncomeTaxesPaid`	$48.30M	USD	2 Qtrs
Cash paid for income taxesnet	`IncomeTaxesPaid`	$129.10M	USD	2 Qtrs
Operating lease liabilities arising from obtaining right-of-use assets	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$21.10M	USD	2 Qtrs
Operating lease liabilities arising from obtaining right-of-use assets	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$30.80M	USD	2 Qtrs
Transfers of evaluation units from inventory to property and equipment	`TransfersofEvaluationUnitsfromInventorytoPropertyandEquipment`	$10.30M	USD	2 Qtrs
Transfers of evaluation units from inventory to property and equipment	`TransfersofEvaluationUnitsfromInventorytoPropertyandEquipment`	$6.90M	USD	2 Qtrs
Liability for purchase of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$21.40M	USD	2 Qtrs
Liability for purchase of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$33.50M	USD	2 Qtrs
Liability incurred in connection with business acquisition	`BusinessCombinationConsiderationTransferredLiabilitiesIncurred`	$500.00K	USD	2 Qtrs
Liability incurred in connection with business acquisition	`BusinessCombinationConsiderationTransferredLiabilitiesIncurred`	-	USD	2 Qtrs

Stockholders Equity 34 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$980.80M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.05B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-379.60M	USD	Point-in-time
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`	$233.20M	USD	Point-in-time
Issuance of common stock in connection with equity incentive plans - net of tax withholding	`StockIssuedDuringPeriodValueEquityIncentivePlansNetofTaxesWithheld`	$-30.80M	USD	1 Quarter
Issuance of common stock in connection with equity incentive plans - net of tax withholding	`StockIssuedDuringPeriodValueEquityIncentivePlansNetofTaxesWithheld`	$-28.70M	USD	1 Quarter
Issuance of common stock in connection with equity incentive plans - net of tax withholding	`StockIssuedDuringPeriodValueEquityIncentivePlansNetofTaxesWithheld`	$-84.60M	USD	2 Qtrs
Issuance of common stock in connection with equity incentive plans - net of tax withholding	`StockIssuedDuringPeriodValueEquityIncentivePlansNetofTaxesWithheld`	$-60.20M	USD	2 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$91.60M	USD	2 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$1.49B	USD	2 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$800.00M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$91.60M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$52.60M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$54.70M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$107.90M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$102.10M	USD	2 Qtrs
Net unrealized loss on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-9.00M	USD	2 Qtrs
Net unrealized loss on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.80M	USD	1 Quarter
Net unrealized loss on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-800.00K	USD	2 Qtrs
Net unrealized loss on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-400.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-12.80M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.30M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$173.40M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$137.50M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$244.70M	USD	2 Qtrs
Net income including non-controlling interests	`ProfitLoss`	$311.70M	USD	2 Qtrs
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$980.80M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.05B	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-379.60M	USD	Point-in-time
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`	$233.20M	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
Net income including non-controlling interests	`ProfitLoss`	$173.40M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$137.50M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$244.70M	USD	2 Qtrs
Net income including non-controlling interests	`ProfitLoss`	$311.70M	USD	2 Qtrs
Change in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-12.80M	USD	2 Qtrs
Change in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	-	USD	2 Qtrs
Change in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-8.30M	USD	1 Quarter
Change in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	-	USD	1 Quarter
Change in unrealized losses on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-11.70M	USD	2 Qtrs
Change in unrealized losses on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-2.40M	USD	1 Quarter
Change in unrealized losses on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-400.00K	USD	1 Quarter
Change in unrealized losses on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-1.00M	USD	2 Qtrs
Less: tax benefit related to items of other comprehensive income or loss	`OtherComprehensiveIncomeLossTax`	$-200.00K	USD	2 Qtrs
Less: tax benefit related to items of other comprehensive income or loss	`OtherComprehensiveIncomeLossTax`	$-600.00K	USD	1 Quarter
Less: tax benefit related to items of other comprehensive income or loss	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
Less: tax benefit related to items of other comprehensive income or loss	`OtherComprehensiveIncomeLossTax`	$-2.70M	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-400.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-800.00K	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-10.10M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-21.80M	USD	2 Qtrs
Comprehensive income including non-controlling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$137.10M	USD	1 Quarter
Comprehensive income including non-controlling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$243.90M	USD	2 Qtrs
Comprehensive income including non-controlling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$289.90M	USD	2 Qtrs
Comprehensive income including non-controlling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$163.30M	USD	1 Quarter
Less: comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-2.20M	USD	1 Quarter
Less: comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-3.40M	USD	2 Qtrs
Less: comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Comprehensive income attributable to Fortinet, Inc.	`ComprehensiveIncomeNetOfTax`	$165.50M	USD	1 Quarter
Comprehensive income attributable to Fortinet, Inc.	`ComprehensiveIncomeNetOfTax`	$293.30M	USD	2 Qtrs
Comprehensive income attributable to Fortinet, Inc.	`ComprehensiveIncomeNetOfTax`	$137.10M	USD	1 Quarter
Comprehensive income attributable to Fortinet, Inc.	`ComprehensiveIncomeNetOfTax`	$243.90M	USD	2 Qtrs

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