10-Q Filing

FORTINET, INC. CIK: 1262039 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001262039-23-000021`
Period End Date	20230331
Filing Date	20230508
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	ftnt-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 44 Cash Flow Statement 80 Stockholders Equity 19 Comprehensive Income 16

Balance Sheet 73 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`	$1.68B	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	784.40M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	781.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.30B	USD	Point-in-time
Short-term investments	`OtherShortTermInvestments`	$502.60M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	784.40M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	781.50M	shares	Point-in-time
Short-term investments	`OtherShortTermInvestments`	$548.80M	USD	Point-in-time
Marketable equity securities	`EquitySecuritiesFvNi`	$25.50M	USD	Point-in-time
Marketable equity securities	`EquitySecuritiesFvNi`	$26.10M	USD	Point-in-time
Accounts receivablenet	`AccountsReceivableNetCurrent`	$1.26B	USD	Point-in-time
Accounts receivablenet	`AccountsReceivableNetCurrent`	$1.09B	USD	Point-in-time
Inventory	`InventoryNet`	$264.60M	USD	Point-in-time
Inventory	`InventoryNet`	$302.70M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$89.70M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$73.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.36B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.81B	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$45.50M	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$15.60M	USD	Point-in-time
PROPERTY AND EQUIPMENTNET	`PropertyPlantAndEquipmentNet`	$917.40M	USD	Point-in-time
PROPERTY AND EQUIPMENTNET	`PropertyPlantAndEquipmentNet`	$898.50M	USD	Point-in-time
DEFERRED CONTRACT COSTS	`CapitalizedContractCostNet`	$536.90M	USD	Point-in-time
DEFERRED CONTRACT COSTS	`CapitalizedContractCostNet`	$518.20M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredIncomeTaxAssetsNet`	$649.60M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredIncomeTaxAssetsNet`	$569.40M	USD	Point-in-time
GOODWILL	`Goodwill`	$127.80M	USD	Point-in-time
GOODWILL	`Goodwill`	$128.00M	USD	Point-in-time
OTHER INTANGIBLE ASSETSNET	`IntangibleAssetsNetExcludingGoodwill`	$51.10M	USD	Point-in-time
OTHER INTANGIBLE ASSETSNET	`IntangibleAssetsNetExcludingGoodwill`	$56.00M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$202.00M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$175.20M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$6.23B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$6.83B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$243.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$238.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$346.70M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$266.30M	USD	Point-in-time
Accrued payroll and compensation	`EmployeeRelatedLiabilitiesCurrent`	$219.40M	USD	Point-in-time
Accrued payroll and compensation	`EmployeeRelatedLiabilitiesCurrent`	$213.40M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.35B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.46B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.08B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.26B	USD	Point-in-time
DEFERRED REVENUE	`ContractWithCustomerLiabilityNoncurrent`	$2.29B	USD	Point-in-time
DEFERRED REVENUE	`ContractWithCustomerLiabilityNoncurrent`	$2.42B	USD	Point-in-time
INCOME TAX LIABILITIES	`AccruedIncomeTaxesNoncurrent`	$67.80M	USD	Point-in-time
INCOME TAX LIABILITIES	`AccruedIncomeTaxesNoncurrent`	$70.50M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$990.40M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$990.90M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$82.00M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$80.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.82B	USD	Point-in-time
Total liabilities	`Liabilities`	$6.51B	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; 784.4 and 781.5 shares issued and outstanding on March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$800.00K	USD	Point-in-time
Common stock, $0.001 par value1,500.0 shares authorized; 784.4 and 781.5 shares issued and outstanding on March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$800.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.28B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.33B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.55B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.30B	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$11.40M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-281.60M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$6.83B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$6.23B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.26B	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$954.80M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$307.80M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$253.80M	USD	1 Quarter
Total gross profit	`GrossProfit`	$954.50M	USD	1 Quarter
Total gross profit	`GrossProfit`	$701.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$124.90M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$151.10M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$387.60M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$478.30M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$38.60M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$52.80M	USD	1 Quarter
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$1.20M	USD	1 Quarter
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$1.10M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$681.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$550.00M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$273.50M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$151.00M	USD	1 Quarter
INTEREST INCOME	`InvestmentIncomeNet`	$1.30M	USD	1 Quarter
INTEREST INCOME	`InvestmentIncomeNet`	$20.60M	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$5.00M	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$4.50M	USD	1 Quarter
OTHER INCOME (EXPENSE)NET	`OtherNonoperatingIncomeExpense`	$-9.10M	USD	1 Quarter
OTHER INCOME (EXPENSE)NET	`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`	$291.10M	USD	1 Quarter
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$-8.10M	USD	1 Quarter
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$21.30M	USD	1 Quarter
LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromEquityMethodInvestments`	$-8.50M	USD	1 Quarter
LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromEquityMethodInvestments`	$-22.10M	USD	1 Quarter
NET INCOME INCLUDING NON-CONTROLLING INTERESTS	`ProfitLoss`	$247.70M	USD	1 Quarter
NET INCOME INCLUDING NON-CONTROLLING INTERESTS	`ProfitLoss`	$138.30M	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`	$247.70M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO FORTINET, INC.	`NetIncomeLoss`	$138.40M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	803.40M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	783.20M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	793.40M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	820.80M	shares	1 Quarter

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net income including non-controlling interests	`ProfitLoss`	$247.70M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$138.30M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$53.20M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$56.30M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$62.50M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$52.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$27.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.50M	USD	1 Quarter
Amortization of investment premiums (discounts)	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-1.70M	USD	1 Quarter
Amortization of investment premiums (discounts)	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$300.00K	USD	1 Quarter
Loss from equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$-22.10M	USD	1 Quarter
Loss from equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$-8.50M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-8.40M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-3.80M	USD	1 Quarter
Accounts receivablenet	`IncreaseDecreaseInAccountsReceivable`	$-171.10M	USD	1 Quarter
Accounts receivablenet	`IncreaseDecreaseInAccountsReceivable`	$-15.40M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$45.30M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$13.50M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$26.00M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$16.00M	USD	1 Quarter
Deferred contract costs	`IncreaseDecreaseInDeferredCharges`	$81.20M	USD	1 Quarter
Deferred contract costs	`IncreaseDecreaseInDeferredCharges`	$66.60M	USD	1 Quarter
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$87.60M	USD	1 Quarter
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$81.10M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$20.60M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-4.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$35.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.10M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$68.20M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$80.00M	USD	1 Quarter
Accrued payroll and compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-13.60M	USD	1 Quarter
Accrued payroll and compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-6.00M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-4.70M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$11.30M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$205.50M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$240.70M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$677.50M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$396.10M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireOtherInvestments`	$207.20M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireOtherInvestments`	$385.20M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	-	USD	1 Quarter
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$3.00M	USD	1 Quarter
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$195.00M	USD	1 Quarter
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$459.40M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$122.60M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.30M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-100.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-42.40M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-45.40M	USD	1 Quarter
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$691.20M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$11.00M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$21.20M	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`	$34.50M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-400.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-746.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.70M	USD	1 Quarter
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-100.00K	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`	$621.30M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-395.60M	USD	1 Quarter
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.32B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$923.50M	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.30B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.68B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.32B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$923.50M	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.30B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.68B	USD	Point-in-time
Cash paid for income taxesnet	`IncomeTaxesPaid`	$18.80M	USD	1 Quarter
Cash paid for income taxesnet	`IncomeTaxesPaid`	$20.70M	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`	$4.70M	USD	1 Quarter
Transfers of evaluation units from inventory to property and equipment	`TransfersofEvaluationUnitsfromInventorytoPropertyandEquipment`	$2.90M	USD	1 Quarter
Transfers of evaluation units from inventory to property and equipment	`TransfersofEvaluationUnitsfromInventorytoPropertyandEquipment`	$6.90M	USD	1 Quarter
Liability for purchase of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$18.80M	USD	1 Quarter
Liability for purchase of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$15.50M	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-281.60M	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
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.40M	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`	$-13.10M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$691.20M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$56.30M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$53.20M	USD	1 Quarter
Net unrealized gain on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.90M	USD	1 Quarter
Net unrealized gain on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-7.20M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.50M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-800.00K	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$247.70M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$138.30M	USD	1 Quarter
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-281.60M	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
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.40M	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net income including non-controlling interests	`ProfitLoss`	$247.70M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$138.30M	USD	1 Quarter
Change in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-4.50M	USD	1 Quarter
Change in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-800.00K	USD	1 Quarter
Change in unrealized losses on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-9.30M	USD	1 Quarter
Change in unrealized losses on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$3.80M	USD	1 Quarter
Less: tax provision (benefit) related to items of other comprehensive income or loss	`OtherComprehensiveIncomeLossTax`	$900.00K	USD	1 Quarter
Less: tax provision (benefit) related to items of other comprehensive income or loss	`OtherComprehensiveIncomeLossTax`	$-2.10M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-11.70M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$2.10M	USD	1 Quarter
Comprehensive income including non-controlling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$126.60M	USD	1 Quarter
Comprehensive income including non-controlling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$249.80M	USD	1 Quarter
Less: comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-1.20M	USD	1 Quarter
Less: comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income attributable to Fortinet, Inc.	`ComprehensiveIncomeNetOfTax`	$249.80M	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.