10-Q Filing

FORTINET, INC. CIK: 1262039 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001262039-22-000038`
Period End Date	20220930
Filing Date	20221107
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	ftnt-20220930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 88 Cash Flow Statement 96 Stockholders Equity 38 Comprehensive Income 32

Balance Sheet 81 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 authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$964.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.32B	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	780.10M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	810.00M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	810.00M	shares	Point-in-time
Short-term investments	`OtherShortTermInvestments`	$739.50M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	780.10M	shares	Point-in-time
Short-term investments	`OtherShortTermInvestments`	$1.19B	USD	Point-in-time
Marketable equity securities	`EquitySecuritiesFvNi`	$26.90M	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`	$963.20M	USD	Point-in-time
Inventory	`InventoryNet`	$175.80M	USD	Point-in-time
Inventory	`InventoryNet`	$215.80M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$65.40M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$72.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.98B	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`	$84.00M	USD	Point-in-time
PROPERTY AND EQUIPMENTNET	`PropertyPlantAndEquipmentNet`	$687.60M	USD	Point-in-time
PROPERTY AND EQUIPMENTNET	`PropertyPlantAndEquipmentNet`	$889.50M	USD	Point-in-time
DEFERRED CONTRACT COSTS	`CapitalizedContractCostNet`	$480.50M	USD	Point-in-time
DEFERRED CONTRACT COSTS	`CapitalizedContractCostNet`	$423.30M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredIncomeTaxAssetsNet`	$342.30M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredIncomeTaxAssetsNet`	$515.50M	USD	Point-in-time
GOODWILL	`Goodwill`	$125.10M	USD	Point-in-time
GOODWILL	`Goodwill`	$120.20M	USD	Point-in-time
OTHER INTANGIBLE ASSETSNET	`IntangibleAssetsNetExcludingGoodwill`	$63.60M	USD	Point-in-time
OTHER INTANGIBLE ASSETSNET	`IntangibleAssetsNetExcludingGoodwill`	$38.80M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$225.20M	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`	$5.34B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$215.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$148.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$244.80M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$197.30M	USD	Point-in-time
Accrued payroll and compensation	`EmployeeRelatedLiabilitiesCurrent`	$190.70M	USD	Point-in-time
Accrued payroll and compensation	`EmployeeRelatedLiabilitiesCurrent`	$195.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.78B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.13B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.78B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.32B	USD	Point-in-time
DEFERRED REVENUE	`ContractWithCustomerLiabilityNoncurrent`	$1.68B	USD	Point-in-time
DEFERRED REVENUE	`ContractWithCustomerLiabilityNoncurrent`	$2.06B	USD	Point-in-time
INCOME TAX LIABILITIES	`AccruedIncomeTaxesNoncurrent`	$79.50M	USD	Point-in-time
INCOME TAX LIABILITIES	`AccruedIncomeTaxesNoncurrent`	$67.80M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$988.40M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$989.90M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$59.20M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$56.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.96B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.12B	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; 780.1 and 810.0 shares issued and outstanding on September 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$800.00K	USD	Point-in-time
Common stock, $0.001 par value1,500.0 shares authorized; 780.1 and 810.0 shares issued and outstanding on September 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`	$1.25B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.50M	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`	$-1.86B	USD	Point-in-time
Total Fortinet, Inc. stockholders equity (deficit)	`StockholdersEquity`	$-634.70M	USD	Point-in-time
Total Fortinet, Inc. stockholders equity (deficit)	`StockholdersEquity`	$781.70M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$11.90M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$16.70M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-622.80M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.14B	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.05B	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`	$-379.60M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$5.92B	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$5.34B	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$867.20M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.38B	USD	3 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.13B	USD	3 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.15B	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$787.60M	USD	3 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$211.20M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$554.70M	USD	3 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$283.00M	USD	1 Quarter
Total gross profit	`GrossProfit`	$656.00M	USD	1 Quarter
Total gross profit	`GrossProfit`	$1.82B	USD	3 Qtrs
Total gross profit	`GrossProfit`	$2.35B	USD	3 Qtrs
Total gross profit	`GrossProfit`	$866.50M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$134.30M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$107.80M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$311.60M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$383.50M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$978.00M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$427.10M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$347.10M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.23B	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$124.70M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$35.80M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$102.20M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$40.70M	USD	1 Quarter
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$3.40M	USD	3 Qtrs
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$1.10M	USD	1 Quarter
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`	$601.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$489.60M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.39B	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.74B	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$166.40M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$265.50M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$611.80M	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`	$4.60M	USD	1 Quarter
INTEREST INCOME	`InvestmentIncomeNet`	$8.30M	USD	3 Qtrs
INTEREST EXPENSE	`InterestExpense`	$4.50M	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$10.40M	USD	3 Qtrs
INTEREST EXPENSE	`InterestExpense`	$4.60M	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$13.50M	USD	3 Qtrs
OTHER EXPENSENET	`OtherNonoperatingIncomeExpense`	$-900.00K	USD	1 Quarter
OTHER EXPENSENET	`OtherNonoperatingIncomeExpense`	$-6.30M	USD	1 Quarter
OTHER EXPENSENET	`OtherNonoperatingIncomeExpense`	$-19.30M	USD	3 Qtrs
OTHER EXPENSENET	`OtherNonoperatingIncomeExpense`	$-7.50M	USD	3 Qtrs
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`	$156.70M	USD	1 Quarter
INCOME BEFORE INCOME TAXES AND LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$264.70M	USD	1 Quarter
INCOME BEFORE INCOME TAXES AND LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$587.30M	USD	3 Qtrs
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$-9.30M	USD	1 Quarter
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$10.40M	USD	3 Qtrs
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$21.60M	USD	3 Qtrs
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$27.30M	USD	1 Quarter
LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromEquityMethodInvestments`	$-2.80M	USD	3 Qtrs
LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromEquityMethodInvestments`	$-22.90M	USD	3 Qtrs
LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromEquityMethodInvestments`	$-2.80M	USD	1 Quarter
LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromEquityMethodInvestments`	$-6.30M	USD	1 Quarter
NET INCOME INCLUDING NON-CONTROLLING INTERESTS	`ProfitLoss`	$231.10M	USD	1 Quarter
NET INCOME INCLUDING NON-CONTROLLING INTERESTS	`ProfitLoss`	$163.20M	USD	1 Quarter
NET INCOME INCLUDING NON-CONTROLLING INTERESTS	`ProfitLoss`	$407.90M	USD	3 Qtrs
NET INCOME INCLUDING NON-CONTROLLING INTERESTS	`ProfitLoss`	$542.80M	USD	3 Qtrs
LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS, NET OF TAX	`NetIncomeLossAttributableToNoncontrollingInterest`	$100.00K	USD	3 Qtrs
LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS, NET OF TAX	`NetIncomeLossAttributableToNoncontrollingInterest`	$-700.00K	USD	3 Qtrs
LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS, NET OF TAX	`NetIncomeLossAttributableToNoncontrollingInterest`	$-500.00K	USD	1 Quarter
LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS, NET OF TAX	`NetIncomeLossAttributableToNoncontrollingInterest`	$100.00K	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO FORTINET, INC.	`NetIncomeLoss`	$163.10M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO FORTINET, INC.	`NetIncomeLoss`	$231.60M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO FORTINET, INC.	`NetIncomeLoss`	$407.80M	USD	3 Qtrs
NET INCOME ATTRIBUTABLE TO FORTINET, INC.	`NetIncomeLoss`	$543.50M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.50	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.68	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.67	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.49	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	795.00M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	816.50M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	817.70M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	786.20M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	838.60M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	809.80M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	798.60M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	835.40M	shares	3 Qtrs

Cash Flow Statement 96 line items

Line Item	Tag	Value	Unit	Period
Net income including non-controlling interests	`ProfitLoss`	$231.10M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$163.20M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$407.90M	USD	3 Qtrs
Net income including non-controlling interests	`ProfitLoss`	$542.80M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$154.80M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$162.60M	USD	3 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$45.10M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$56.70M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$126.90M	USD	3 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$163.80M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$77.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$59.10M	USD	3 Qtrs
Amortization of investment premiums	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-4.80M	USD	3 Qtrs
Amortization of investment premiums	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-3.60M	USD	3 Qtrs
Loss from equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$-22.90M	USD	3 Qtrs
Loss from equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$-2.80M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-21.20M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-4.40M	USD	3 Qtrs
Accounts receivablenet	`IncreaseDecreaseInAccountsReceivable`	$162.70M	USD	3 Qtrs
Accounts receivablenet	`IncreaseDecreaseInAccountsReceivable`	$-130.60M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$59.70M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$19.50M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.60M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$12.50M	USD	3 Qtrs
Deferred contract costs	`IncreaseDecreaseInDeferredCharges`	$221.00M	USD	3 Qtrs
Deferred contract costs	`IncreaseDecreaseInDeferredCharges`	$201.00M	USD	3 Qtrs
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$91.90M	USD	3 Qtrs
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$172.00M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$15.70M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$13.90M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$78.60M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-11.80M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$77.00M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$27.80M	USD	3 Qtrs
Accrued payroll and compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$23.10M	USD	3 Qtrs
Accrued payroll and compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-3.20M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-500.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-3.20M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$742.80M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$497.10M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.20B	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.13B	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireOtherInvestments`	$389.10M	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireOtherInvestments`	$1.75B	USD	3 Qtrs
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$82.20M	USD	3 Qtrs
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$3.00M	USD	3 Qtrs
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$1.18B	USD	3 Qtrs
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$1.03B	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$250.30M	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`	-	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`	$42.50M	USD	3 Qtrs
Purchases of marketable equity securities	`PaymentsToAcquireEquitySecuritiesFvNi`	-	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$546.50M	USD	3 Qtrs
Net cash provided by (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`	-	USD	3 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$2.40M	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`	-	USD	3 Qtrs
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.99B	USD	3 Qtrs
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$170.00M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$21.70M	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`	$132.10M	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$118.90M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.30M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-200.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.10B	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`	$-1.20M	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-355.10M	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$790.30M	USD	3 Qtrs
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.32B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.85B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$964.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.06B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.32B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.85B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$964.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.06B	USD	Point-in-time
Cash paid for income taxesnet	`IncomeTaxesPaid`	$69.90M	USD	3 Qtrs
Cash paid for income taxesnet	`IncomeTaxesPaid`	$197.60M	USD	3 Qtrs
Operating lease liabilities arising from obtaining right-of-use assets	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$36.20M	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`	$13.10M	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`	$25.30M	USD	3 Qtrs
Liability for repurchase of common stock	`RepurchaseofCommonStockLiabilitiesIncurred`	$30.40M	USD	3 Qtrs
Liability for repurchase of common stock	`RepurchaseofCommonStockLiabilitiesIncurred`	-	USD	3 Qtrs

Stockholders Equity 38 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-622.80M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.14B	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`	$798.40M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-379.60M	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`	$-110.60M	USD	3 Qtrs
Issuance of common stock in connection with equity incentive plans - net of tax withholding	`StockIssuedDuringPeriodValueEquityIncentivePlansNetofTaxesWithheld`	$-26.00M	USD	1 Quarter
Issuance of common stock in connection with equity incentive plans - net of tax withholding	`StockIssuedDuringPeriodValueEquityIncentivePlansNetofTaxesWithheld`	$-98.20M	USD	3 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$200.40M	USD	3 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$500.00M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$1.99B	USD	3 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$108.80M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$154.80M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$52.70M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$162.60M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$54.70M	USD	1 Quarter
Recognition of non-controlling interests upon business combination	`MinorityInterestPeriodIncreaseDecrease`	$17.80M	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`	$100.00K	USD	1 Quarter
Net unrealized gain on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$700.00K	USD	1 Quarter
Net unrealized gain on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-8.30M	USD	3 Qtrs
Net unrealized gain on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-700.00K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.60M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.60M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-16.50M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.70M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$231.10M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$163.20M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$407.90M	USD	3 Qtrs
Net income including non-controlling interests	`ProfitLoss`	$542.80M	USD	3 Qtrs
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-622.80M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.14B	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`	$798.40M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-379.60M	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
Net income including non-controlling interests	`ProfitLoss`	$231.10M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$163.20M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$407.90M	USD	3 Qtrs
Net income including non-controlling interests	`ProfitLoss`	$542.80M	USD	3 Qtrs
Change in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-3.70M	USD	1 Quarter
Change in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-16.50M	USD	3 Qtrs
Change in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-1.60M	USD	1 Quarter
Change in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-1.60M	USD	3 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$1.00M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-1.00M	USD	3 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-10.70M	USD	3 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	-	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`	$300.00K	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`	$-2.40M	USD	3 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-3.00M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-1.50M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-2.30M	USD	3 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-24.80M	USD	3 Qtrs
Comprehensive income including non-controlling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$405.60M	USD	3 Qtrs
Comprehensive income including non-controlling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$161.70M	USD	1 Quarter
Comprehensive income including non-controlling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$228.10M	USD	1 Quarter
Comprehensive income including non-controlling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$518.00M	USD	3 Qtrs
Less: comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-1.40M	USD	1 Quarter
Less: comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-4.80M	USD	3 Qtrs
Less: comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-300.00K	USD	1 Quarter
Less: comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-300.00K	USD	3 Qtrs
Comprehensive income attributable to Fortinet, Inc.	`ComprehensiveIncomeNetOfTax`	$162.00M	USD	1 Quarter
Comprehensive income attributable to Fortinet, Inc.	`ComprehensiveIncomeNetOfTax`	$229.50M	USD	1 Quarter
Comprehensive income attributable to Fortinet, Inc.	`ComprehensiveIncomeNetOfTax`	$405.90M	USD	3 Qtrs
Comprehensive income attributable to Fortinet, Inc.	`ComprehensiveIncomeNetOfTax`	$522.80M	USD	3 Qtrs

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