Stock Analysis on Net
Stock Analysis on Net

Fortinet Inc. (NASDAQ:FTNT)

This company has been moved to the archive! The financial data has not been updated since May 8, 2023.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Fortinet Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Accounts payable 3.91 2.51 3.50 2.48 2.81
Accrued liabilities 4.28 3.33 3.69 2.62 3.43
Accrued payroll and compensation 3.52 3.29 3.61 2.62 3.20
Deferred revenue 37.72 30.03 34.44 30.20 31.38
Current liabilities 49.43% 39.16% 45.23% 37.93% 40.82%
Deferred revenue 36.79 28.31 29.98 24.77 23.42
Income tax liabilities 1.09 1.34 2.23 2.13 2.52
Long-term debt 15.90 16.70 0.00 0.00 0.00
Other liabilities 1.32 1.00 1.39 1.16 0.42
Non-current liabilities 55.09% 47.35% 33.60% 28.05% 26.36%
Total liabilities 104.52% 86.51% 78.84% 65.98% 67.18%
Common stock, $0.001 par value 0.01 0.00 0.00 0.01 0.01
Additional paid-in capital 20.62 21.19 29.85 30.38 34.71
Accumulated other comprehensive income (loss) -0.32 -0.08 0.02 0.03 -0.03
Retained earnings (accumulated deficit) -24.83 -7.90 -8.71 3.61 -1.87
Total Fortinet, Inc. stockholders’ equity (deficit) -4.52% 13.21% 21.16% 34.02% 32.82%
Non-controlling interests 0.00 0.28 0.00 0.00 0.00
Total equity (deficit) -4.52% 13.49% 21.16% 34.02% 32.82%
Total liabilities and equity (deficit) 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Fortinet Inc. current liabilities as a percentage of total liabilities and equity (deficit) decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Non-current liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Fortinet Inc. non-current liabilities as a percentage of total liabilities and equity (deficit) increased from 2020 to 2021 and from 2021 to 2022.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Fortinet Inc. total liabilities as a percentage of total liabilities and equity (deficit) increased from 2020 to 2021 and from 2021 to 2022.
Total Fortinet, Inc. stockholders’ equity (deficit) Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Fortinet Inc. total Fortinet, Inc. stockholders’ equity (deficit) as a percentage of total liabilities and equity (deficit) decreased from 2020 to 2021 and from 2021 to 2022.