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FTNT Fortinet

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71.500
+1.140+1.62%

Close Aug 13 16:00 ET

71.220
-0.280-0.39%

Post 20:02 ET

54.69BMarket Cap42.31P/E (TTM)

Fortinet Key Stats

Earnings

Revenue Breakdown

Financial Indicators

Income Statement

Balance Sheet

Cash Flow

Quarterly+Annual

YOY

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(Q2)Jun 30, 2024

(Q1)Mar 31, 2024

(FY)Dec 31, 2023

(Q4)Dec 31, 2023

(Q3)Sep 30, 2023

(Q2)Jun 30, 2023

(Q1)Mar 31, 2023

(FY)Dec 31, 2022

(Q4)Dec 31, 2022

(Q3)Sep 30, 2022

Operating Cash Flow (Indirect Method)

Cash flow from continuing operating activities

-33.61%342M

22.57%830.4M

11.84%1.94B

-63.70%191.7M

14.12%551.2M

59.28%515.1M

71.04%677.5M

15.40%1.73B

43.97%528.1M

21.11%483M

Net income from continuing operations

42.62%379.8M

20.83%299.3M

33.99%1.15B

-0.92%310.9M

39.72%322.9M

53.58%266.3M

79.10%247.7M

41.19%856.6M

57.85%313.8M

41.61%231.1M

Operating gains losses

126.42%12M

-70.14%6.6M

-38.18%42.1M

-78.98%9.5M

-17.46%5.2M

-34.57%5.3M

160.00%22.1M

796.05%68.1M

841.67%45.2M

--6.3M

Depreciation and amortization

6.57%29.2M

4.00%28.6M

8.72%113.4M

10.62%30.2M

7.20%28.3M

9.16%27.4M

7.84%27.5M

23.58%104.3M

7.91%27.3M

15.28%26.4M

Other non cash items

8.52%76.4M

13.57%75.3M

15.35%284.8M

21.49%75.2M

32.30%72.9M

2.03%70.4M

8.87%66.3M

34.33%246.9M

17.90%61.9M

11.99%55.1M

Change In working capital

-339.40%-206.6M

43.66%370.5M

-45.88%126.1M

-1,271.72%-285.9M

-37.57%67.8M

1,178.75%86.3M

138.80%257.9M

-42.10%233M

-19.21%24.4M

2.36%108.6M

-Change in receivables

-1,197.47%-86.7M

137.05%405.6M

67.94%-146.4M

-32.59%-389.8M

248.39%64.4M

105.86%7.9M

1,011.04%171.1M

-529.93%-456.7M

-44.76%-294M

-768.00%-43.4M

-Change in inventory

157.36%48.7M

180.57%36.5M

-132.36%-253.5M

54.45%-22.5M

-253.68%-100.8M

-379.66%-84.9M

-235.56%-45.3M

-462.37%-109.1M

-49,500.00%-49.4M

-4,850.00%-28.5M

-Change in prepaid assets

37.11%-12.2M

99.38%-100K

-258.44%-27.6M

1,800.00%1.7M

-42.45%6.1M

-348.72%-19.4M

38.46%-16M

56.50%-7.7M

98.08%-100K

171.79%10.6M

-Change in payables and accrued expense

-231.35%-132.4M

-77.11%16M

-36.52%117.7M

-268.37%-138.4M

213.97%85.4M

814.89%100.8M

-22.42%69.9M

129.46%185.4M

1,196.00%82.2M

-52.94%27.2M

-Change in other current assets

-122.22%-1.4M

-237.78%-6.2M

150.14%17.7M

119.63%4.2M

-3.57%2.7M

61.54%6.3M

121.84%4.5M

-85.79%-35.3M

-548.48%-21.4M

171.79%2.8M

-Change in other current liabilities

28.00%-3.6M

191.49%4.3M

-192.34%-21.7M

-116.67%-4M

-29.03%-8M

10.71%-5M

-141.59%-4.7M

3,457.14%23.5M

860.00%24M

-210.00%-6.2M

-Change in other working capital

-123.57%-19M

-209.18%-85.6M

-30.49%439.9M

-7.14%262.9M

-87.68%18M

-47.11%80.6M

52.83%78.4M

40.36%632.9M

14.75%283.1M

167.09%146.1M

Cash from discontinued investing activities

Operating cash flow

-33.61%342M

22.57%830.4M

11.84%1.94B

-63.70%191.7M

14.12%551.2M

59.28%515.1M

71.04%677.5M

15.40%1.73B

43.97%528.1M

21.11%483M

Investing cash flow

Cash flow from continuing investing activities

88.19%-50.1M

-537.50%-270.3M

-185.00%-649.3M

-132.93%-71.6M

-137.34%-111.2M

-244.20%-424.1M

6.61%-42.4M

157.65%763.9M

181.76%217.4M

196.69%297.8M

Net PPE purchase and sale

69.92%-23.1M

-632.34%-221.9M

27.42%-204.1M

12.94%-26.9M

20.16%-70.1M

-92.48%-76.8M

75.29%-30.3M

4.97%-281.2M

79.58%-30.9M

-27.25%-87.8M

Net business purchase and sale

--0

---5.7M

72.40%-8.5M

--0

---8.5M

--0

86.89%-30.8M

-1,953.33%-30.8M

----

Net investment purchase and sale

92.23%-27M

-250.00%-42.7M

-140.62%-437M

-116.09%-44.9M

-108.45%-32.6M

-203.98%-347.3M

-115.80%-12.2M

235.38%1.08B

345.90%279.1M

526.55%385.6M

Net other investing changes

----

--300K

--200K

--0

--100K

----

Cash from discontinued investing activities

Investing cash flow

88.19%-50.1M

-537.50%-270.3M

-185.00%-649.3M

-132.93%-71.6M

-137.34%-111.2M

-244.20%-424.1M

6.61%-42.4M

157.65%763.9M

181.76%217.4M

196.85%297.8M

Financing cash flow

Cash flow from continuing financing activities

20.90%-14M

-121.17%-30.3M

26.28%-1.57B

-3,221.53%-910.1M

-19.43%-628.9M

97.87%-17.7M

98.16%-13.7M

-2,672.83%-2.13B

95.68%-27.4M

-343.64%-526.6M

Net issuance payments of debt

----

--0

----

--0

----

Net common stock issuance

-23.46%6.2M

-36.79%13.4M

25.87%-1.46B

-20,290.91%-888.4M

-20.92%-597.6M

101.02%8.1M

103.12%21.2M

-174.53%-1.97B

100.78%4.4M

-572.38%-494.2M

Net other financing activities

21.71%-20.2M

-25.21%-43.7M

31.17%-113.7M

31.76%-21.7M

3.40%-31.3M

26.70%-25.8M

46.96%-34.9M

3.56%-165.2M

36.14%-31.8M

24.65%-32.4M

Cash from discontinued financing activities

Financing cash flow

20.90%-14M

-121.17%-30.3M

26.28%-1.57B

-3,221.53%-910.1M

-19.43%-628.9M

97.87%-17.7M

98.16%-13.7M

-2,672.83%-2.13B

95.68%-27.4M

-343.64%-526.6M

Net cash flow

Beginning cash position

-16.40%1.93B

-16.94%1.4B

27.58%1.68B

126.85%2.19B

234.69%2.38B

149.51%2.3B

27.58%1.68B

24.23%1.32B

-47.95%964M

-62.22%710M

Current changes in cash

279.13%277.9M

-14.74%529.8M

-178.03%-284.2M

-210.01%-790M

-174.31%-188.9M

134.45%73.3M

257.20%621.4M

41.49%364.2M

234.80%718.1M

1,027.74%254.2M

Effect of exchange rate changes

16.67%-1M

-1,300.00%-1.4M

-100.00%-800K

37.50%1.1M

-200.00%-600K

-71.43%-1.2M

66.67%-100K

-300.00%-400K

366.67%800K

-200.00%-200K

End cash Position

-7.28%2.2B

-16.40%1.93B

-16.94%1.4B

126.85%2.19B

234.69%2.38B

149.51%2.3B

27.58%1.68B

-47.95%964M

Free cash flow

-27.24%318.9M

-5.98%608.5M

19.46%1.73B

-66.85%164.8M

21.74%481.1M

54.60%438.3M

136.64%647.2M

20.40%1.45B

130.72%497.2M

19.83%395.2M

Currency Unit

USD

Accounting Standards

US-GAAP

Audit Opinions

Unqualified Opinion

	(Q2)Jun 30, 2024	(Q1)Mar 31, 2024	(FY)Dec 31, 2023	(Q4)Dec 31, 2023	(Q3)Sep 30, 2023	(Q2)Jun 30, 2023	(Q1)Mar 31, 2023	(FY)Dec 31, 2022	(Q4)Dec 31, 2022	(Q3)Sep 30, 2022
Operating Cash Flow (Indirect Method)
Cash flow from continuing operating activities	-33.61%342M	22.57%830.4M	11.84%1.94B	-63.70%191.7M	14.12%551.2M	59.28%515.1M	71.04%677.5M	15.40%1.73B	43.97%528.1M	21.11%483M
Net income from continuing operations	42.62%379.8M	20.83%299.3M	33.99%1.15B	-0.92%310.9M	39.72%322.9M	53.58%266.3M	79.10%247.7M	41.19%856.6M	57.85%313.8M	41.61%231.1M
Operating gains losses	126.42%12M	-70.14%6.6M	-38.18%42.1M	-78.98%9.5M	-17.46%5.2M	-34.57%5.3M	160.00%22.1M	796.05%68.1M	841.67%45.2M	--6.3M
Depreciation and amortization	6.57%29.2M	4.00%28.6M	8.72%113.4M	10.62%30.2M	7.20%28.3M	9.16%27.4M	7.84%27.5M	23.58%104.3M	7.91%27.3M	15.28%26.4M
Other non cash items	8.52%76.4M	13.57%75.3M	15.35%284.8M	21.49%75.2M	32.30%72.9M	2.03%70.4M	8.87%66.3M	34.33%246.9M	17.90%61.9M	11.99%55.1M
Change In working capital	-339.40%-206.6M	43.66%370.5M	-45.88%126.1M	-1,271.72%-285.9M	-37.57%67.8M	1,178.75%86.3M	138.80%257.9M	-42.10%233M	-19.21%24.4M	2.36%108.6M
-Change in receivables	-1,197.47%-86.7M	137.05%405.6M	67.94%-146.4M	-32.59%-389.8M	248.39%64.4M	105.86%7.9M	1,011.04%171.1M	-529.93%-456.7M	-44.76%-294M	-768.00%-43.4M
-Change in inventory	157.36%48.7M	180.57%36.5M	-132.36%-253.5M	54.45%-22.5M	-253.68%-100.8M	-379.66%-84.9M	-235.56%-45.3M	-462.37%-109.1M	-49,500.00%-49.4M	-4,850.00%-28.5M
-Change in prepaid assets	37.11%-12.2M	99.38%-100K	-258.44%-27.6M	1,800.00%1.7M	-42.45%6.1M	-348.72%-19.4M	38.46%-16M	56.50%-7.7M	98.08%-100K	171.79%10.6M
-Change in payables and accrued expense	-231.35%-132.4M	-77.11%16M	-36.52%117.7M	-268.37%-138.4M	213.97%85.4M	814.89%100.8M	-22.42%69.9M	129.46%185.4M	1,196.00%82.2M	-52.94%27.2M
-Change in other current assets	-122.22%-1.4M	-237.78%-6.2M	150.14%17.7M	119.63%4.2M	-3.57%2.7M	61.54%6.3M	121.84%4.5M	-85.79%-35.3M	-548.48%-21.4M	171.79%2.8M
-Change in other current liabilities	28.00%-3.6M	191.49%4.3M	-192.34%-21.7M	-116.67%-4M	-29.03%-8M	10.71%-5M	-141.59%-4.7M	3,457.14%23.5M	860.00%24M	-210.00%-6.2M
-Change in other working capital	-123.57%-19M	-209.18%-85.6M	-30.49%439.9M	-7.14%262.9M	-87.68%18M	-47.11%80.6M	52.83%78.4M	40.36%632.9M	14.75%283.1M	167.09%146.1M
Cash from discontinued investing activities
Operating cash flow	-33.61%342M	22.57%830.4M	11.84%1.94B	-63.70%191.7M	14.12%551.2M	59.28%515.1M	71.04%677.5M	15.40%1.73B	43.97%528.1M	21.11%483M
Investing cash flow
Cash flow from continuing investing activities	88.19%-50.1M	-537.50%-270.3M	-185.00%-649.3M	-132.93%-71.6M	-137.34%-111.2M	-244.20%-424.1M	6.61%-42.4M	157.65%763.9M	181.76%217.4M	196.69%297.8M
Net PPE purchase and sale	69.92%-23.1M	-632.34%-221.9M	27.42%-204.1M	12.94%-26.9M	20.16%-70.1M	-92.48%-76.8M	75.29%-30.3M	4.97%-281.2M	79.58%-30.9M	-27.25%-87.8M
Net business purchase and sale	--0	---5.7M	72.40%-8.5M	--0	---8.5M	--0	--0	86.89%-30.8M	-1,953.33%-30.8M	----
Net investment purchase and sale	92.23%-27M	-250.00%-42.7M	-140.62%-437M	-116.09%-44.9M	-108.45%-32.6M	-203.98%-347.3M	-115.80%-12.2M	235.38%1.08B	345.90%279.1M	526.55%385.6M
Net other investing changes	----	----	--300K	--200K	--0	--0	--100K	----	----	----
Cash from discontinued investing activities
Investing cash flow	88.19%-50.1M	-537.50%-270.3M	-185.00%-649.3M	-132.93%-71.6M	-137.34%-111.2M	-244.20%-424.1M	6.61%-42.4M	157.65%763.9M	181.76%217.4M	196.85%297.8M
Financing cash flow
Cash flow from continuing financing activities	20.90%-14M	-121.17%-30.3M	26.28%-1.57B	-3,221.53%-910.1M	-19.43%-628.9M	97.87%-17.7M	98.16%-13.7M	-2,672.83%-2.13B	95.68%-27.4M	-343.64%-526.6M
Net issuance payments of debt	----	----	--0	----	----	----	----	--0	----	----
Net common stock issuance	-23.46%6.2M	-36.79%13.4M	25.87%-1.46B	-20,290.91%-888.4M	-20.92%-597.6M	101.02%8.1M	103.12%21.2M	-174.53%-1.97B	100.78%4.4M	-572.38%-494.2M
Net other financing activities	21.71%-20.2M	-25.21%-43.7M	31.17%-113.7M	31.76%-21.7M	3.40%-31.3M	26.70%-25.8M	46.96%-34.9M	3.56%-165.2M	36.14%-31.8M	24.65%-32.4M
Cash from discontinued financing activities
Financing cash flow	20.90%-14M	-121.17%-30.3M	26.28%-1.57B	-3,221.53%-910.1M	-19.43%-628.9M	97.87%-17.7M	98.16%-13.7M	-2,672.83%-2.13B	95.68%-27.4M	-343.64%-526.6M
Net cash flow
Beginning cash position	-16.40%1.93B	-16.94%1.4B	27.58%1.68B	126.85%2.19B	234.69%2.38B	149.51%2.3B	27.58%1.68B	24.23%1.32B	-47.95%964M	-62.22%710M
Current changes in cash	279.13%277.9M	-14.74%529.8M	-178.03%-284.2M	-210.01%-790M	-174.31%-188.9M	134.45%73.3M	257.20%621.4M	41.49%364.2M	234.80%718.1M	1,027.74%254.2M
Effect of exchange rate changes	16.67%-1M	-1,300.00%-1.4M	-100.00%-800K	37.50%1.1M	-200.00%-600K	-71.43%-1.2M	66.67%-100K	-300.00%-400K	366.67%800K	-200.00%-200K
End cash Position	-7.28%2.2B	-16.40%1.93B	-16.94%1.4B	-16.94%1.4B	126.85%2.19B	234.69%2.38B	149.51%2.3B	27.58%1.68B	27.58%1.68B	-47.95%964M
Free cash flow	-27.24%318.9M	-5.98%608.5M	19.46%1.73B	-66.85%164.8M	21.74%481.1M	54.60%438.3M	136.64%647.2M	20.40%1.45B	130.72%497.2M	19.83%395.2M
Currency Unit	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD
Accounting Standards	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP
Audit Opinions	--	--	Unqualified Opinion	--	--	--	--	Unqualified Opinion	--	--

Analysis

Analyst Rating

No Data

Price Target

No Data

Overall