Below are the financial statements of Fortinet, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 2,875.9a | 1,397.9a |
| Short-term investments | 1,126.4a | 1,021.5a |
| Marketable equity securities | 64.2a | 21a |
| Accounts receivable—net | 1,463.4a | 1,402a |
| Inventory | 315.5a | 484.8a |
| Prepaid expenses and other current assets | 126.1a | 101.1a |
| Total current assets | 5,971.5a | 4,428.3a |
| Property and equipment—net | 1,349.5a | 1,044.4a |
| Deferred contract costs | 622.9a | 605.6a |
| Deferred tax assets | 1,335.6a | 868.8a |
| Goodwill | 235.4a | 126.5a |
| Other intangible assets—net | 115a | 35.3a |
| Other assets | 133.2a | 150a |
| Total assets | 9,763.1a | 7,258.9a |
| Liabilities | — | — |
| Current liabilities | — | — |
| Accounts payable | 190.9a | 204.3a |
| Accrued liabilities | 337.9a | 423.7a |
| Accrued payroll and compensation | 255.7a | 242.3a |
| Deferred revenue | 3,276.2a | 2,848.7a |
| Total current liabilities | 4,060.7a | 3,719a |
| Deferred revenue | 3,084.7a | 2,886.3a |
| Long-term debt | 994.3a | 992.3a |
| Other liabilities | 129.6a | 124.7a |
| Total liabilities | 8,269.3a | 7,722.3a |
| Stockholders’ equity (deficit) | — | — |
| Common stock | 0.8a | 0.8a |
| Additional paid-in capital | 1,636.2a | 1,416.4a |
| Accumulated other comprehensive loss | -26.1a | -18.9a |
| Accumulated deficit | -117.1a | -1,861.7a |
| Total stockholders’ equity (deficit) | 1,493.8a | -463.4a |
| Total liabilities and stockholders’ equity (deficit) | 9,763.1a | 7,258.9a |
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