Fortinet, Inc. · Sunnyvale, CA United States (NASDAQ: FTNT)
Key Fortinet, Inc. Financials
| Company Type | Public -(NASDAQ: FTNT) Headquarters |
|---|---|
| Fiscal Year-End | December |
| 2011 Sales (mil.) | $433.6 |
| 2010 Employees | 1,336 |
Fortinet, Inc. Income Statement
| Dec 11 | Dec 10 | Dec 09 | |
| Revenue | 433.6 | 324.7 | 252.1 |
| Cost of Goods Sold | 113.6 | 85.2 | 70.0 |
| Gross Profit | 320.0 | 239.5 | 182.1 |
| Gross Profit Margin | 73.8% | 73.8% | 72.2% |
| SG&A Expense | 167.5 | 134.3 | 114.6 |
| Depreciation & Amortization | 6.8 | 5.7 | 5.9 |
| Operating Income | 88.9 | 55.3 | 25.3 |
| Operating Margin | 20.5% | 17% | 10% |
| Nonoperating Income | (0.4) | (0.8) | 0.2 |
| Nonoperating Expenses | 3.5 | 1.8 | 2.0 |
| Income Before Taxes | 92.1 | 56.3 | 27.5 |
| Income Taxes | 29.6 | 15.1 | (32.7) |
| Net Income After Taxes | 62.5 | 41.2 | 60.2 |
| Continuing Operations | 62.5 | 41.2 | 60.2 |
| Discontinued Operations | -- | -- | -- |
| Total Operations | 62.5 | 41.2 | 60.2 |
| Total Net Income | 62.5 | 41.2 | 60.2 |
| Net Profit Margin | 14.4% | 12.7% | 23.9% |
| Diluted EPS from Total Net Income | 0.38 | 0.27 | 0.39 |
| Dividends per Share | -- | -- | -- |
All amounts in millions of US Dollars except per share amounts.
Fortinet, Inc. Balance Sheet
| Assets | Dec 11 | Dec 10 | Dec 09 |
| Current Assets | |||
| Cash | 72.0 | 66.9 | 212.5 |
| Net Receivables | 95.5 | 72.3 | 54.6 |
| Inventories | 16.2 | 13.5 | 10.6 |
| Other Current Assets | 339.8 | 267.4 | 64.6 |
| Total Current Assets | 523.6 | 420.2 | 342.2 |
| Net Fixed Assets | 8.0 | 7.1 | 6.4 |
| Other Noncurrent Assets | 203.2 | 118.2 | 38.6 |
| Total Assets | 734.7 | 545.4 | 387.2 |
| Liabilities | Dec 11 | Dec 10 | Dec 09 |
| Current Liabilities | |||
| Accounts Payable | 19.8 | 12.8 | 11.0 |
| Short-Term Debt | -- | -- | -- |
| Other Current Liabilities | 247.1 | 205.6 | 169.6 |
| Total Current Liabilities | 266.9 | 218.4 | 180.6 |
| Long-Term Debt | -- | -- | -- |
| Other Noncurrent Liabilities | 109.5 | 94.6 | 64.2 |
| Total Liabilities | 376.4 | 313.0 | 244.8 |
| Shareholder's Equity | |||
| Preferred Stock Equity | -- | -- | 0.0 |
| Common Stock Equity | 358.4 | 232.5 | 142.5 |
| Total Equity | 358.4 | 232.5 | 142.5 |
| Shares Outstanding (thou.) | 154,027.3 | 148,762.0 | 133,626.0 |
All amounts in millions of US Dollars except per share amounts.
Fortinet, Inc. Cash Flow Statement
| Dec 11 | Dec 10 | Dec 09 | |
| Net Operating Cash Flow | 133 | 103 | 62 |
| Net Investing Cash Flow | (166.8) | (283.7) | 13.8 |
| Net Financing Cash Flow | 39.8 | 34.0 | 78.0 |
| Net Change in Cash | 5.1 | (145.6) | 155.9 |
| Depreciation & Amortization | 6.8 | 5.7 | 5.9 |
| Capital Expenditures | (3.6) | (3.8) | (4.6) |
| Cash Dividends Paid |
All amounts in millions of US Dollars except per share amounts.