Fortinet, Inc. Income Statement

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Income Statement Dec2009 Dec2010 Dec2011 Dec2012 Dec2013 Dec2014 Dec2015 Dec2016 Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & cost
Revenue 252.12M324.70M433.58M533.64M615.30M770.36M1009.27M1275.40M1494.90M1804.60M2163.00M2594.40M3342.20M4417.40M5304.80M5955.80M
Cost of Revenue 96.29M111.97M145.53M179.16M224.99M315.80M470.37M626.50M701.00M782.30M926.90M1071.90M1345.70M1686.10M2006.00M2044.80M
Gross Profit 182.14M239.49M319.98M386.22M434.65M539.36M722.49M937.60M1109.60M1354.20M1657.10M2024.40M2559.20M3332.50M4067.60M4798.20M
Operating items
Research & Development 42.20M49.80M63.58M81.08M102.66M122.88M158.13M183.10M210.60M244.50M277.10M341.40M424.20M512.40M613.80M716.80M
Selling, General & Administrative 18.32M22.38M21.96M25.51M34.91M41.35M71.51M81.10M87.90M93.00M102.10M119.50M143.50M169.00M211.30M237.80M
Restructuring Costs -1.32M-1.34M-1.78M7.60M4.00M0.30M
Other Operating Expenses 97.61M113.31M147.31M179.16M224.99M315.80M470.37M626.50M701.00M782.30M926.90M40.20M4.60M4.60M4.60M4.60M
Operating Expenses 156.81M184.15M231.07M285.74M362.56M480.03M707.61M894.70M999.80M1119.80M1306.10M1492.60M1908.80M2362.90M2826.50M2994.80M
Operating Income 25.33M55.34M88.90M100.47M72.09M59.32M14.88M42.90M109.80M234.40M351.00M531.80M650.40M969.60M1241.10M1803.40M
EBIT 25.33M55.34M88.90M100.47M72.09M59.32M14.88M42.90M109.80M234.40M351.00M531.80M650.40M969.60M1241.10M1803.40M
Non-operating items
Interest & Investment Income 1.98M1.81M3.52M5.01M5.31M5.39M5.29M7.30M13.50M26.50M42.50M17.70M4.50M17.40M119.70M155.20M
Other Non Operating Income -0.81M-0.35M-0.48M-1.46M-3.17M-3.17M-7.10M0.70M-6.60M-7.50M-7.80M-11.60M-13.50M-6.10M13.60M
Non Operating Income 0.20M-0.81M-0.35M-0.48M-1.46M-3.17M-3.17M-7.10M0.70M-6.60M-7.50M-7.80M-11.60M-13.50M-6.10M13.60M
Net income details
EBT 27.51M56.34M92.07M105.00M75.94M61.55M17.00M43.10M124.00M254.30M386.00M541.70M628.40M955.50M1333.70M2058.50M
Tax Provisions -32.67M15.10M29.58M38.16M31.67M36.21M9.02M10.90M92.60M-80.60M54.30M53.20M14.10M30.80M143.80M283.90M
Profit After Tax 53.01M41.24M62.49M66.84M44.27M25.34M7.99M32.20M31.40M334.90M331.70M488.50M606.80M857.30M1147.80M1745.20M
Equity Income -7.60M-68.10M-42.10M-29.40M
Net Income - Minority -16.70M
Income from Non-Controlling Interests -0.10M-0.70M
Income from Continuing Operations 60.18M41.24M62.49M66.84M44.27M25.34M7.99M32.20M31.40M334.90M331.70M488.50M614.30M924.70M1189.90M1774.60M
Consolidated Net Income 60.18M41.24M62.49M66.84M44.27M25.34M7.99M32.20M31.40M334.90M331.70M488.50M614.30M924.70M1189.90M1774.60M
Income towards Parent Company 60.18M41.24M62.49M66.84M44.27M25.34M7.99M32.20M31.40M334.90M331.70M488.50M597.60M924.70M1189.90M1774.60M
Net Income towards Common Stockholders 60.18M41.24M62.49M66.84M44.27M25.34M7.99M32.20M31.40M334.90M331.70M488.50M597.60M924.70M1189.90M1774.60M
Additional items
EPS (Basic) 0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M
EPS (Weighted Average and Diluted) 0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M
Shares Outstanding (Weighted Average) 672.88M736.98M770.14M808.04M817.30M824.28M861.32M865.20M869.50M851.85M855.17M811.66M817.50M781.24M767.91M766.45M
Shares Outstanding (Diluted Average) 156.41M163.78M166.33M168.18M169.29M176.14M176.30M178.10M174.20M175.00M838.30M835.30M805.30M788.20M771.90M
EBITDA 25.33M55.34M88.90M100.47M72.09M59.32M14.88M42.90M109.80M234.40M351.00M531.80M650.40M969.60M1241.10M1803.40M
Tax Rate 26.79%32.13%36.34%41.70%58.82%53.03%25.29%74.68%14.07%9.82%2.24%3.22%10.78%13.79%