10-Q Filing

FORTINET, INC. CIK: 1262039 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001262039-23-000038`
Period End Date	20230930
Filing Date	20231107
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	ftnt-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 88 Cash Flow Statement 90 Stockholders Equity 38 Comprehensive Income 32

Balance Sheet 74 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.19B	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	781.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.68B	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	776.30M	shares	Point-in-time
Short-term investments	`OtherShortTermInvestments`	$502.60M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	776.30M	shares	Point-in-time
Short-term investments	`OtherShortTermInvestments`	$962.20M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	781.50M	shares	Point-in-time
Marketable equity securities	`EquitySecuritiesFvNi`	$25.50M	USD	Point-in-time
Marketable equity securities	`EquitySecuritiesFvNi`	$19.80M	USD	Point-in-time
Accounts receivablenet	`AccountsReceivableNetCurrent`	$1.01B	USD	Point-in-time
Accounts receivablenet	`AccountsReceivableNetCurrent`	$1.26B	USD	Point-in-time
Inventory	`InventoryNet`	$467.50M	USD	Point-in-time
Inventory	`InventoryNet`	$264.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$73.10M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$102.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.75B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.81B	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$1.50M	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$45.50M	USD	Point-in-time
PROPERTY AND EQUIPMENTNET	`PropertyPlantAndEquipmentNet`	$1.04B	USD	Point-in-time
PROPERTY AND EQUIPMENTNET	`PropertyPlantAndEquipmentNet`	$898.50M	USD	Point-in-time
DEFERRED CONTRACT COSTS	`CapitalizedContractCostNet`	$518.20M	USD	Point-in-time
DEFERRED CONTRACT COSTS	`CapitalizedContractCostNet`	$569.90M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredIncomeTaxAssetsNet`	$788.50M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredIncomeTaxAssetsNet`	$569.40M	USD	Point-in-time
GOODWILL	`Goodwill`	$128.00M	USD	Point-in-time
GOODWILL	`Goodwill`	$125.40M	USD	Point-in-time
OTHER INTANGIBLE ASSETSNET	`IntangibleAssetsNetExcludingGoodwill`	$39.60M	USD	Point-in-time
OTHER INTANGIBLE ASSETSNET	`IntangibleAssetsNetExcludingGoodwill`	$56.00M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$163.70M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$202.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$6.23B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$7.48B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$253.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$243.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$317.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$248.70M	USD	Point-in-time
Accrued payroll and compensation	`EmployeeRelatedLiabilitiesCurrent`	$219.40M	USD	Point-in-time
Accrued payroll and compensation	`EmployeeRelatedLiabilitiesCurrent`	$210.50M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$220.10M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$17.60M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.35B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.65B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.65B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.08B	USD	Point-in-time
DEFERRED REVENUE	`ContractWithCustomerLiabilityNoncurrent`	$2.64B	USD	Point-in-time
DEFERRED REVENUE	`ContractWithCustomerLiabilityNoncurrent`	$2.29B	USD	Point-in-time
INCOME TAX LIABILITIES	`AccruedIncomeTaxesNoncurrent`	$61.80M	USD	Point-in-time
INCOME TAX LIABILITIES	`AccruedIncomeTaxesNoncurrent`	$67.80M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$990.40M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$991.80M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$64.60M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$82.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.51B	USD	Point-in-time
Total liabilities	`Liabilities`	$7.41B	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; 776.3 and 781.5 shares issued and outstanding on September 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$800.00K	USD	Point-in-time
Common stock, $0.001 par value1,500.0 shares authorized; 776.3 and 781.5 shares issued and outstanding on September 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$800.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.40B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.28B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-24.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.30B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.55B	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$74.10M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-281.60M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$6.23B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$7.48B	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.89B	USD	3 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.33B	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.15B	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.13B	USD	3 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$283.00M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$317.70M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$921.30M	USD	3 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$787.60M	USD	3 Qtrs
Total gross profit	`GrossProfit`	$2.97B	USD	3 Qtrs
Total gross profit	`GrossProfit`	$1.02B	USD	1 Quarter
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`	$156.90M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$461.30M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$383.50M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$1.23B	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$427.10M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.50B	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$504.40M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$124.70M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$40.70M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$156.20M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$53.50M	USD	1 Quarter
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$1.10M	USD	1 Quarter
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$1.10M	USD	1 Quarter
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$3.40M	USD	3 Qtrs
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$3.40M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$2.11B	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$713.70M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.74B	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$601.00M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$303.20M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$855.70M	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$265.50M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$611.80M	USD	3 Qtrs
INTEREST INCOME	`InvestmentIncomeNet`	$89.20M	USD	3 Qtrs
INTEREST INCOME	`InvestmentIncomeNet`	$37.00M	USD	1 Quarter
INTEREST INCOME	`InvestmentIncomeNet`	$8.30M	USD	3 Qtrs
INTEREST INCOME	`InvestmentIncomeNet`	$4.60M	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$4.50M	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$13.50M	USD	3 Qtrs
INTEREST EXPENSE	`InterestExpense`	$5.40M	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$15.60M	USD	3 Qtrs
OTHER EXPENSENET	`OtherNonoperatingIncomeExpense`	$-11.20M	USD	3 Qtrs
OTHER EXPENSENET	`OtherNonoperatingIncomeExpense`	$-7.00M	USD	1 Quarter
OTHER EXPENSENET	`OtherNonoperatingIncomeExpense`	$-19.30M	USD	3 Qtrs
OTHER EXPENSENET	`OtherNonoperatingIncomeExpense`	$-900.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES AND LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$327.80M	USD	1 Quarter
INCOME BEFORE INCOME TAXES AND LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$587.30M	USD	3 Qtrs
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`	$918.10M	USD	3 Qtrs
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$48.60M	USD	3 Qtrs
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$27.30M	USD	1 Quarter
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$21.60M	USD	3 Qtrs
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$-300.00K	USD	1 Quarter
LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromEquityMethodInvestments`	$-32.60M	USD	3 Qtrs
LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromEquityMethodInvestments`	$-6.30M	USD	1 Quarter
LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromEquityMethodInvestments`	$-22.90M	USD	3 Qtrs
LOSS FROM EQUITY METHOD INVESTMENT	`IncomeLossFromEquityMethodInvestments`	$-5.20M	USD	1 Quarter
NET INCOME INCLUDING NON-CONTROLLING INTERESTS	`ProfitLoss`	$542.80M	USD	3 Qtrs
NET INCOME INCLUDING NON-CONTROLLING INTERESTS	`ProfitLoss`	$322.90M	USD	1 Quarter
NET INCOME INCLUDING NON-CONTROLLING INTERESTS	`ProfitLoss`	$231.10M	USD	1 Quarter
NET INCOME INCLUDING NON-CONTROLLING INTERESTS	`ProfitLoss`	$836.90M	USD	3 Qtrs
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTERESTS, NET OF TAX	`NetIncomeLossAttributableToNoncontrollingInterest`	$-500.00K	USD	1 Quarter
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTERESTS, NET OF TAX	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTERESTS, NET OF TAX	`NetIncomeLossAttributableToNoncontrollingInterest`	$-700.00K	USD	3 Qtrs
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTERESTS, NET OF TAX	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO FORTINET, INC.	`NetIncomeLoss`	$322.90M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO FORTINET, INC.	`NetIncomeLoss`	$836.90M	USD	3 Qtrs
NET INCOME ATTRIBUTABLE TO FORTINET, INC.	`NetIncomeLoss`	$543.50M	USD	3 Qtrs
NET INCOME ATTRIBUTABLE TO FORTINET, INC.	`NetIncomeLoss`	$231.60M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.07	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.68	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.05	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.67	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.41	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	783.10M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	781.20M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	795.00M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	786.20M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	791.20M	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`	793.50M	shares	3 Qtrs

Cash Flow Statement 90 line items

Line Item	Tag	Value	Unit	Period
Net income including non-controlling interests	`ProfitLoss`	$542.80M	USD	3 Qtrs
Net income including non-controlling interests	`ProfitLoss`	$322.90M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$231.10M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$836.90M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$185.60M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$162.60M	USD	3 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$163.80M	USD	3 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$56.70M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$68.00M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$195.90M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$83.20M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$77.00M	USD	3 Qtrs
Amortization of investment premiums (discounts)	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-3.60M	USD	3 Qtrs
Amortization of investment premiums (discounts)	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$16.10M	USD	3 Qtrs
Loss from equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$-32.60M	USD	3 Qtrs
Loss from equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$-22.90M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-13.70M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-21.20M	USD	3 Qtrs
Accounts receivablenet	`IncreaseDecreaseInAccountsReceivable`	$162.70M	USD	3 Qtrs
Accounts receivablenet	`IncreaseDecreaseInAccountsReceivable`	$-243.40M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$59.70M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$231.00M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$29.30M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.60M	USD	3 Qtrs
Deferred contract costs	`IncreaseDecreaseInDeferredCharges`	$247.50M	USD	3 Qtrs
Deferred contract costs	`IncreaseDecreaseInDeferredCharges`	$221.00M	USD	3 Qtrs
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$172.00M	USD	3 Qtrs
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$221.70M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$13.90M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-13.50M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$10.40M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$78.60M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$33.70M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$56.90M	USD	3 Qtrs
Accrued payroll and compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-8.00M	USD	3 Qtrs
Accrued payroll and compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-3.20M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$196.80M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-5.90M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-17.70M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-500.00K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$742.80M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$646.20M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.74B	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.20B	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireOtherInvestments`	$389.10M	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireOtherInvestments`	$1.33B	USD	3 Qtrs
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$4.00M	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`	$931.50M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$250.30M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$177.20M	USD	3 Qtrs
Purchase of investment in privately held company	`PaymentsToAcquireEquityMethodInvestments`	$8.50M	USD	3 Qtrs
Purchase of investment in privately held company	`PaymentsToAcquireEquityMethodInvestments`	-	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-100.00K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-577.70M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$546.50M	USD	3 Qtrs
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$604.30M	USD	3 Qtrs
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.99B	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$36.00M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$21.70M	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$90.80M	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$132.10M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.30M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.20M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.10B	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-660.30M	USD	3 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.90M	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`	$503.90M	USD	3 Qtrs
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.19B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.32B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$964.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.68B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.19B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.32B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$964.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.68B	USD	Point-in-time
Cash paid for income taxesnet	`IncomeTaxesPaid`	$84.90M	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`	$14.30M	USD	3 Qtrs
Operating lease liabilities arising from obtaining right-of-use assets	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$36.20M	USD	3 Qtrs
Transfers of evaluation units from inventory to property and equipment	`TransfersofEvaluationUnitsfromInventorytoPropertyandEquipment`	$24.50M	USD	3 Qtrs
Transfers of evaluation units from inventory to property and equipment	`TransfersofEvaluationUnitsfromInventorytoPropertyandEquipment`	$13.10M	USD	3 Qtrs
Liability for purchase of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$24.70M	USD	3 Qtrs
Liability for purchase of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$25.30M	USD	3 Qtrs
Liability incurred for repurchase of common stock	`LiabilityIncurredForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Liability incurred for repurchase of common stock	`LiabilityIncurredForRepurchaseOfCommonStock`	$900.00K	USD	3 Qtrs

Stockholders Equity 38 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$321.20M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-379.60M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.10M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-622.80M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$798.40M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-281.60M	USD	Point-in-time
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`	$-25.10M	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`	$-54.70M	USD	3 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$605.20M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$605.20M	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
Excise tax on net stock repurchases	`ShareRepurchaseProgramExciseTax`	$2.80M	USD	3 Qtrs
Excise tax on net stock repurchases	`ShareRepurchaseProgramExciseTax`	$2.80M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$54.70M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$162.60M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$185.60M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$64.30M	USD	1 Quarter
Net unrealized gain on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.20M	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`	$5.80M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.40M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-16.50M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-9.90M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.70M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$542.80M	USD	3 Qtrs
Net income including non-controlling interests	`ProfitLoss`	$322.90M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$231.10M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$836.90M	USD	3 Qtrs
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$321.20M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-379.60M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.10M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-622.80M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$798.40M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-281.60M	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
Net income including non-controlling interests	`ProfitLoss`	$542.80M	USD	3 Qtrs
Net income including non-controlling interests	`ProfitLoss`	$322.90M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$231.10M	USD	1 Quarter
Net income including non-controlling interests	`ProfitLoss`	$836.90M	USD	3 Qtrs
Change in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-2.40M	USD	1 Quarter
Change in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-9.90M	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 unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-10.70M	USD	3 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$7.50M	USD	3 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$1.00M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$1.60M	USD	1 Quarter
Less: tax provision (benefit) related to items of other comprehensive income or loss	`OtherComprehensiveIncomeLossTax`	$-2.40M	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`	$400.00K	USD	1 Quarter
Less: tax provision (benefit) related to items of other comprehensive income or loss	`OtherComprehensiveIncomeLossTax`	$1.70M	USD	3 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-3.00M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-24.80M	USD	3 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-4.10M	USD	3 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-1.20M	USD	1 Quarter
Comprehensive income including non-controlling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$228.10M	USD	1 Quarter
Comprehensive income including non-controlling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$832.80M	USD	3 Qtrs
Comprehensive income including non-controlling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$321.70M	USD	1 Quarter
Comprehensive income including non-controlling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$518.00M	USD	3 Qtrs
Less: comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-4.80M	USD	3 Qtrs
Less: comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
Less: comprehensive loss attributable to non-controlling interests	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-1.40M	USD	1 Quarter
Comprehensive income attributable to Fortinet, Inc.	`ComprehensiveIncomeNetOfTax`	$229.50M	USD	1 Quarter
Comprehensive income attributable to Fortinet, Inc.	`ComprehensiveIncomeNetOfTax`	$832.80M	USD	3 Qtrs
Comprehensive income attributable to Fortinet, Inc.	`ComprehensiveIncomeNetOfTax`	$321.70M	USD	1 Quarter
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.