Fortinet Historical Income Statement

FTNT Stock

USD 94.06 2.38 2.47%

Historical analysis of Fortinet income statement accounts such as Selling General Administrative of 221.9 M or Selling And Marketing Expenses of 2.1 B can show how well Fortinet performed in making a profits. Evaluating Fortinet income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Fortinet's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Fortinet latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Fortinet is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.

About Fortinet Income Statement Analysis

Fortinet Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Fortinet shareholders. The income statement also shows Fortinet investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Fortinet Income Statement Chart

At this time, Fortinet's Research Development is comparatively stable compared to the past year. EBITDA is likely to gain to about 1.3 B in 2024, whereas Non Recurring is likely to drop slightly above 290.7 K in 2024.

Selling General Administrative Selling And Marketing Expenses Total Revenue Gross Profit Operating Income

Total Revenue

Total revenue comprises all receipts Fortinet generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Fortinet minus its cost of goods sold. It is profit before Fortinet operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from Fortinet operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Fortinet is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Fortinet's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Fortinet current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.At this time, Fortinet's Research Development is comparatively stable compared to the past year. EBITDA is likely to gain to about 1.3 B in 2024, whereas Non Recurring is likely to drop slightly above 290.7 K in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	14.9M	18M	21M	13.6M
Depreciation And Amortization	84.4M	104.3M	379.7M	398.7M

Interest Expense Depreciation And Amortization

Fortinet income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Research Development	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Net Income From Continuing Ops	Non Operating Income Net Other	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.2	0.87	0.87	0.89	0.89	0.87	0.9	0.9	0.87	0.87	0.88	0.87	0.92	0.9	0.9	0.75	0.9	-0.75	-0.54	0.28	0.96	0.87	0.75	0.63
Interest Expense	0.2		0.46	0.45	0.42	0.43	0.43	0.38	0.36	0.45	0.39	0.39	0.45	0.37	0.23	0.4	0.09	0.39	0.11	-0.72	0.22	0.29	0.3	0.28	0.72
Selling General Administrative	0.87	0.46		1.0	0.99	0.99	0.99	0.95	0.95	0.99	0.96	0.99	1.0	0.94	0.65	0.95	0.57	0.94	-0.73	-0.81	0.31	0.79	0.65	0.86	0.85
Selling And Marketing Expenses	0.87	0.45	1.0		1.0	1.0	1.0	0.96	0.96	1.0	0.97	0.99	1.0	0.96	0.65	0.96	0.57	0.96	-0.75	-0.81	0.31	0.79	0.64	0.89	0.87
Total Revenue	0.89	0.42	0.99	1.0		1.0	1.0	0.98	0.98	1.0	0.99	1.0	1.0	0.98	0.67	0.98	0.6	0.98	-0.79	-0.77	0.3	0.8	0.65	0.91	0.86
Gross Profit	0.89	0.43	0.99	1.0	1.0		1.0	0.98	0.98	1.0	0.99	1.0	1.0	0.98	0.68	0.98	0.6	0.98	-0.78	-0.77	0.3	0.81	0.66	0.91	0.87
Other Operating Expenses	0.87	0.43	0.99	1.0	1.0	1.0		0.97	0.97	1.0	0.98	1.0	1.0	0.97	0.65	0.97	0.58	0.96	-0.77	-0.79	0.3	0.79	0.64	0.89	0.86
Operating Income	0.9	0.38	0.95	0.96	0.98	0.98	0.97		1.0	0.97	1.0	0.98	0.96	1.0	0.71	1.0	0.63	0.99	-0.83	-0.68	0.29	0.82	0.67	0.92	0.85
Ebit	0.9	0.36	0.95	0.96	0.98	0.98	0.97	1.0		0.97	1.0	0.98	0.96	1.0	0.72	1.0	0.63	0.99	-0.83	-0.68	0.28	0.82	0.67	0.92	0.84
Research Development	0.87	0.45	0.99	1.0	1.0	1.0	1.0	0.97	0.97		0.98	1.0	1.0	0.97	0.65	0.97	0.58	0.96	-0.76	-0.79	0.3	0.79	0.64	0.89	0.87
Ebitda	0.87	0.39	0.96	0.97	0.99	0.99	0.98	1.0	1.0	0.98		0.99	0.97	0.99	0.67	0.99	0.6	0.99	-0.82	-0.71	0.29	0.79	0.64	0.93	0.86
Cost Of Revenue	0.88	0.39	0.99	0.99	1.0	1.0	1.0	0.98	0.98	1.0	0.99		0.99	0.97	0.66	0.97	0.59	0.97	-0.8	-0.76	0.29	0.79	0.64	0.91	0.84
Total Operating Expenses	0.87	0.45	1.0	1.0	1.0	1.0	1.0	0.96	0.96	1.0	0.97	0.99		0.96	0.65	0.96	0.58	0.96	-0.75	-0.8	0.31	0.79	0.64	0.89	0.87
Income Before Tax	0.92	0.37	0.94	0.96	0.98	0.98	0.97	1.0	1.0	0.97	0.99	0.97	0.96		0.75	0.99	0.65	0.99	-0.82	-0.68	0.29	0.85	0.71	0.91	0.84
Total Other Income Expense Net	0.9	0.23	0.65	0.65	0.67	0.68	0.65	0.71	0.72	0.65	0.67	0.66	0.65	0.75		0.71	0.8	0.72	-0.49	-0.37	0.35	0.97	0.97	0.51	0.5
Net Income	0.9	0.4	0.95	0.96	0.98	0.98	0.97	1.0	1.0	0.97	0.99	0.97	0.96	0.99	0.71		0.58	1.0	-0.8	-0.7	0.21	0.83	0.69	0.91	0.86
Income Tax Expense	0.75	0.09	0.57	0.57	0.6	0.6	0.58	0.63	0.63	0.58	0.6	0.59	0.58	0.65	0.8	0.58		0.57	-0.53	-0.29	0.77	0.71	0.68	0.52	0.37
Net Income From Continuing Ops	0.9	0.39	0.94	0.96	0.98	0.98	0.96	0.99	0.99	0.96	0.99	0.97	0.96	0.99	0.72	1.0	0.57		-0.8	-0.69	0.21	0.83	0.69	0.91	0.86
Non Operating Income Net Other	-0.75	0.11	-0.73	-0.75	-0.79	-0.78	-0.77	-0.83	-0.83	-0.76	-0.82	-0.8	-0.75	-0.82	-0.49	-0.8	-0.53	-0.8		0.29	-0.19	-0.58	-0.4	-0.87	-0.48
Non Recurring	-0.54	-0.72	-0.81	-0.81	-0.77	-0.77	-0.79	-0.68	-0.68	-0.79	-0.71	-0.76	-0.8	-0.68	-0.37	-0.7	-0.29	-0.69	0.29		-0.29	-0.54	-0.44	-0.6	-0.82
Tax Provision	0.28	0.22	0.31	0.31	0.3	0.3	0.3	0.29	0.28	0.3	0.29	0.29	0.31	0.29	0.35	0.21	0.77	0.21	-0.19	-0.29		0.25	0.22	0.31	0.25
Interest Income	0.96	0.29	0.79	0.79	0.8	0.81	0.79	0.82	0.82	0.79	0.79	0.79	0.79	0.85	0.97	0.83	0.71	0.83	-0.58	-0.54	0.25		0.97	0.63	0.62
Net Interest Income	0.87	0.3	0.65	0.64	0.65	0.66	0.64	0.67	0.67	0.64	0.64	0.64	0.64	0.71	0.97	0.69	0.68	0.69	-0.4	-0.44	0.22	0.97		0.45	0.49
Reconciled Depreciation	0.75	0.28	0.86	0.89	0.91	0.91	0.89	0.92	0.92	0.89	0.93	0.91	0.89	0.91	0.51	0.91	0.52	0.91	-0.87	-0.6	0.31	0.63	0.45		0.78
Extraordinary Items	0.63	0.72	0.85	0.87	0.86	0.87	0.86	0.85	0.84	0.87	0.86	0.84	0.87	0.84	0.5	0.86	0.37	0.86	-0.48	-0.82	0.25	0.62	0.49	0.78

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Fortinet Account Relationship Matchups

Fortinet income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	61.6M	68.8M	84.4M	104.3M	379.7M	398.7M
Interest Expense	35M	50.1M	14.9M	18M	21M	13.6M
Selling General Administrative	102.1M	119.5M	143.5M	169M	211.3M	221.9M
Selling And Marketing Expenses	926.9M	1.1B	1.3B	1.7B	2.0B	2.1B
Total Revenue	2.2B	2.6B	3.3B	4.4B	5.3B	5.6B
Gross Profit	1.7B	2.0B	2.6B	3.3B	4.1B	4.3B
Other Operating Expenses	1.8B	2.1B	2.7B	3.5B	4.1B	4.3B
Operating Income	344.2M	531.8M	650.4M	969.6M	1.2B	1.3B
Ebit	344.2M	491.6M	643.3M	973.5M	1.2B	1.3B
Research Development	277.1M	341.4M	424.2M	512.4M	613.8M	644.5M
Ebitda	405.8M	560.4M	727.7M	1.1B	1.2B	1.3B
Cost Of Revenue	505.9M	570M	783M	1.1B	1.2B	1.3B
Total Operating Expenses	1.3B	1.5B	1.9B	2.4B	2.8B	3.0B
Income Before Tax	379.2M	541.7M	628.4M	955.5M	1.3B	1.4B
Total Other Income Expense Net	35M	9.9M	(22M)	(14.1M)	92.6M	97.2M
Net Income	326.5M	488.5M	606.8M	857.3M	1.1B	1.2B
Income Tax Expense	52.7M	53.2M	14.1M	30.8M	143.8M	151.0M
Net Income Applicable To Common Shares	326.5M	488.5M	606.8M	857.3M	985.9M	1.0B
Net Income From Continuing Ops	326.5M	488.5M	606.7M	856.6M	1.2B	1.2B
Non Operating Income Net Other	35M	9.9M	(14.7M)	(64.2M)	(57.8M)	(54.9M)
Tax Provision	52.7M	53.2M	14.1M	30.8M	57.8M	29.3M
Interest Income	42.5M	17.7M	4.5M	17.4M	98.3M	103.2M
Net Interest Income	42.5M	17.7M	(10.4M)	(600K)	78.2M	82.1M
Reconciled Depreciation	61.6M	68.8M	84.4M	104.3M	110.5M	85.0M

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Fortinet Historical Income Statement

About Fortinet Income Statement Analysis

Fortinet Income Statement Chart

Total Revenue

Gross Profit

Operating Income

Fortinet income statement Correlations

Fortinet Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Fortinet income statement Accounts

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Selling And Marketing Expenses	+ 1.0	Selling General Administrative
Total Operating Expenses	+ 1.0	Selling General Administrative
Total Revenue	+ 1.0	Selling And Marketing Expenses
Gross Profit	+ 1.0	Selling And Marketing Expenses
Other Operating Expenses	+ 1.0	Selling And Marketing Expenses
Research Development	+ 1.0	Selling And Marketing Expenses

Reconciled Depreciation	- 0.87	Non Operating Income Net Other
Non Operating Income Net Other	- 0.83	Ebit
Non Operating Income Net Other	- 0.83	Operating Income
Extraordinary Items	- 0.82	Non Recurring
Non Operating Income Net Other	- 0.82	Income Before Tax
Non Operating Income Net Other	- 0.82	Ebitda