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.

Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Fortinet Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Accounts payable 238,400 243,400 215,100 193,100 174,700 148,400 142,300 132,000 129,500 141,600 95,900 107,200 87,800 96,400 85,900 72,400 69,200 86,400 66,600 63,700 55,700
Accrued liabilities 346,700 266,300 244,800 241,200 261,400 197,300 247,800 168,800 143,200 149,200 127,800 118,200 121,400 101,800 102,000 98,200 113,000 105,700 83,700 80,700 74,600
Accrued payroll and compensation 213,400 219,400 190,700 187,400 181,100 195,000 174,200 164,700 141,900 145,900 121,900 110,700 103,600 101,800 90,400 91,600 81,000 98,400 85,400 91,300 82,300
Current portion of long-term debt — — — — — — 17,600 — — — — — — — — — — — — — —
Deferred revenue 2,463,300 2,349,300 2,129,000 2,013,200 1,893,300 1,777,400 1,616,100 1,533,000 1,465,100 1,392,800 1,300,000 1,275,800 1,230,200 1,173,600 1,063,600 1,031,500 991,100 965,900 876,200 849,500 817,100
Current liabilities 3,261,800 3,078,400 2,779,600 2,634,900 2,510,500 2,318,100 2,198,000 1,998,500 1,879,700 1,829,500 1,645,600 1,611,900 1,543,000 1,473,600 1,341,900 1,293,700 1,254,300 1,256,400 1,111,900 1,085,200 1,029,700
Deferred revenue 2,417,600 2,291,000 2,064,500 1,918,800 1,764,600 1,675,500 1,490,300 1,372,400 1,280,500 1,212,500 1,092,000 1,047,000 996,600 962,300 882,000 835,000 774,700 720,900 668,200 621,300 579,300
Income tax liabilities 70,500 67,800 67,800 67,100 82,700 79,500 96,500 95,200 97,700 90,300 79,300 77,300 81,300 82,800 83,100 82,300 80,700 77,500 80,700 76,800 84,800
Long-term debt, excluding current portion 990,900 990,400 989,900 989,400 988,900 988,400 988,000 987,500 987,000 — — — — — — — — — — — —
Other liabilities 80,100 82,000 56,900 63,900 71,200 59,200 62,200 55,100 56,500 56,200 56,100 50,500 49,000 44,900 38,200 36,100 37,900 13,000 11,100 12,200 13,400
Non-current liabilities 3,559,100 3,431,200 3,179,100 3,039,200 2,907,400 2,802,600 2,637,000 2,510,200 2,421,700 1,359,000 1,227,400 1,174,800 1,126,900 1,090,000 1,003,300 953,400 893,300 811,400 760,000 710,300 677,500
Total liabilities 6,820,900 6,509,600 5,958,700 5,674,100 5,417,900 5,120,700 4,835,000 4,508,700 4,301,400 3,188,500 2,873,000 2,786,700 2,669,900 2,563,600 2,345,200 2,247,100 2,147,600 2,067,800 1,871,900 1,795,500 1,707,200
Common stock, $0.001 par value 800 800 800 800 200 200 200 200 200 200 200 200 200 200 200 200 200 200 200 200 200
Additional paid-in capital 1,327,400 1,284,200 1,250,200 1,237,300 1,236,300 1,254,200 1,257,700 1,245,800 1,225,200 1,207,200 1,178,500 1,154,300 1,128,400 1,180,300 1,152,600 1,130,200 1,108,100 1,068,300 1,048,400 996,100 957,900
Accumulated other comprehensive income (loss) (18,100) (20,200) (25,500) (23,400) (15,400) (4,800) (1,200) (100) 300 700 1,400 2,500 (3,100) 1,100 1,100 900 (200) (800) (1,000) (1,400) (2,000)
Retained earnings (accumulated deficit) (1,298,700) (1,546,400) (1,860,200) (1,607,600) (1,003,400) (467,900) (138,600) (195,700) (244,900) (352,100) (466,900) (613,100) (589,200) 140,300 46,500 (9,000) (50,000) (57,500) (156,000) (214,700) (262,600)
Total Fortinet, Inc. stockholders’ equity (deficit) 11,400 (281,600) (634,700) (392,900) 217,700 781,700 1,118,100 1,050,200 980,800 856,000 713,200 543,900 536,300 1,321,900 1,200,400 1,122,300 1,058,100 1,010,200 891,600 780,200 693,500
Non-controlling interests — — 11,900 13,300 15,500 16,700 17,500 — — — — — — — — — — — — — —
Total equity (deficit) 11,400 (281,600) (622,800) (379,600) 233,200 798,400 1,135,600 1,050,200 980,800 856,000 713,200 543,900 536,300 1,321,900 1,200,400 1,122,300 1,058,100 1,010,200 891,600 780,200 693,500
Total liabilities and equity (deficit) 6,832,300 6,228,000 5,335,900 5,294,500 5,651,100 5,919,100 5,970,600 5,558,900 5,282,200 4,044,500 3,586,200 3,330,600 3,206,200 3,885,500 3,545,600 3,369,400 3,205,700 3,078,000 2,763,500 2,575,700 2,400,700

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

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 increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
Non-current liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Fortinet Inc. non-current liabilities increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
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 increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
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) increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.