Stock Analysis on Net
Stock Analysis on Net

Fortinet Inc. (NASDAQ:FTNT)

$22.49

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

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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Fortinet Inc., consolidated income statement

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Product
Service
Revenue
Product
Service
Cost of revenue
Gross profit
Research and development
Sales and marketing
General and administrative
Gain on intellectual property matter
Operating expenses
Operating income
Interest income
Interest expense
Other expense, net
Income before income taxes and loss from equity method investment
(Provision for) benefit from income taxes
Loss from equity method investment
Net income including non-controlling interests
Net loss attributable to non-controlling interests, net of tax
Net income attributable to Fortinet, Inc.

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).

Income statement item Description The company
Revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Fortinet Inc. revenue increased from 2020 to 2021 and from 2021 to 2022.
Operating income The net result for the period of deducting operating expenses from operating revenues. Fortinet Inc. operating income increased from 2020 to 2021 and from 2021 to 2022.
Income before income taxes and loss from equity method investment Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Fortinet Inc. income before income taxes and loss from equity method investment increased from 2020 to 2021 and from 2021 to 2022.
Net income attributable to Fortinet, Inc. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Fortinet Inc. net income attributable to Fortinet, Inc. increased from 2020 to 2021 and from 2021 to 2022.