FORTINET, INC. FTNT Balance Sheet

Fortinet, inc. (FTNT)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
626	1,222	1,175	1,022	1,216	1,112	1,169	972	835	811	905	853	823	709	647	596	568	543	540	481	386	283	258	203	172	115	144	123	97	122	75	81	74	71	66	78	66
Short-term investments
775	843	764	808	584	537	464	461	468	440	369	354	375	376	382	388	384	348	367	391	417	436	402	354	388	375	368	379	362	290	299	320	353	318	322	264	246
Accounts receivable—net
474	544	384	403	381	444	324	333	313	348	257	274	270	312	238	254	220	259	174	176	161	184	116	127	111	130	107	108	102	107	89	95	84	95	75	72	72
Inventory, Net
105	117	99	85	88	90	80	78	80	77	73	86	104	106	93	81	78	83	80	68	72	69	51	46	43	48	46	33	23	21	26	20	17	16	12	13	13
Deferred tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47	41	41	-	51	50	50	50	-	-	-	13	7	7	6	7	14	13	8
Prepaid expenses and other current assets
54	41	42	41	42	36	38	39	38	40	43	36	42	33	31	33	34	35	41	35	32	31	16	23	14	14	38	27	26	13	16	19	13	13	9	10	8
Deferred cost of revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	2	3
Total current assets
2,035	2,769	2,466	2,360	2,313	2,220	2,078	1,884	1,735	1,716	1,650	1,604	1,616	1,538	1,394	1,353	1,285	1,270	1,251	1,195	1,111	1,005	896	806	781	735	705	672	613	569	514	544	551	523	503	454	420
DEFERRED COST OF REVENUES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	4	5
LONG-TERM INVESTMENTS
172	144	204	149	50	67	38	65	82	98	247	257	242	224	240	237	241	272	261	275	268	271	303	352	327	351	327	311	322	325	315	242	172	148	113	126	73
Property, Plant and Equipment, Net
374	344	305	284	272	271	265	256	245	245	239	238	155	137	126	125	115	91	83	71	63	58	56	55	47	36	28	27	25	25	26	10	9	7	7	7	7
DEFERRED CONTRACT COSTS
248	237	217	204	190	182	169	160	148	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
DEFERRED TAX ASSETS
226	232	243	258	262	255	147	141	138	146	204	207	199	182	189	180	131	119	72	44	38	72	42	36	30	30	51	61	-	48	50	46	46	46	37	37	37
Goodwill
67	67	38	38	38	38	25	25	14	14	14	14	14	14	14	14	4	4	4	2	2	2	2	2	2	2	-	-	-	0	-	-	-	-	-	-	-
GOODWILL AND OTHER INTANGIBLE ASSETSNet
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	9	9	-	-	-	-	-	-	-	-
OTHER INTANGIBLE ASSETS—NET
27	31	14	16	19	22	18	21	14	16	18	20	22	24	27	31	16	17	18	0	2	2	3	3	6	6	-	-	-	2	-	-	-	-	-	-	-
OTHER ASSETS
55	60	56	57	59	20	20	20	20	19	19	18	17	16	17	16	15	14	15	14	10	10	7	7	4	4	3	3	61	4	6	7	8	8	4	4	1
TOTAL ASSETS
3,206	3,885	3,545	3,369	3,205	3,078	2,763	2,575	2,400	2,257	2,395	2,360	2,267	2,139	2,010	1,960	1,811	1,790	1,707	1,604	1,498	1,424	1,312	1,265	1,200	1,168	1,128	1,085	1,032	975	913	851	788	734	670	635	545
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable
87	96	85	72	69	86	66	63	55	70	44	42	48	56	57	56	47	61	48	42	40	49	36	35	27	35	33	35	26	20	23	24	13	19	15	13	12
Accrued liabilities
121	101	90	83	88	77	60	59	55	50	40	41	43	35	37	32	33	33	29	29	25	29	25	25	25	27	32	28	21	18	19	17	16	15	22	19	16
Accrued payroll and compensation
103	101	90	91	81	98	85	91	82	92	75	80	73	78	65	70	58	61	47	51	42	45	40	43	35	34	30	30	26	28	25	27	23	24	21	20	19
Income taxes payable
-	-	11	15	24	28	23	21	19	21	15	15	14	13	7	8	9	8	5	1	3	2	2	0	0	21	-	-	-	3	-	-	-	-	-	-	-
Deferred revenue
1,230	1,173	1,063	1,031	991	965	876	849	817	793	734	706	677	645	582	563	538	514	471	441	406	368	329	321	305	293	271	265	257	247	230	226	216	206	192	192	169
Total current liabilities
1,543	1,473	1,341	1,293	1,254	1,256	1,111	1,085	1,029	1,027	910	885	856	829	750	731	687	678	603	565	518	496	434	426	394	413	367	360	331	319	298	294	270	266	251	246	218
DEFERRED REVENUE
996	962	882	835	774	720	668	621	579	542	484	454	420	390	352	340	298	276	235	216	193	189	170	158	145	138	128	124	119	115	109	104	98	87	82	80	82
INCOME TAX LIABILITIES
81	82	83	82	80	77	80	76	84	90	87	81	72	68	67	66	65	60	56	56	50	45	40	36	32	30	30	32	-	28	-	-	-	-	-	-	-
OTHER LIABILITIES
49	44	38	36	37	13	11	12	13	8	9	16	18	14	16	16	17	19	15	15	15	17	17	18	16	0	1	1	34	0	26	24	21	21	20	20	11
Total liabilities
2,669	2,563	2,345	2,247	2,147	2,067	1,871	1,795	1,707	1,668	1,493	1,438	1,369	1,302	1,187	1,155	1,069	1,035	911	854	778	748	663	639	589	582	528	518	485	464	434	424	390	376	354	347	312
COMMITMENTS AND CONTINGENCIES (Note 11)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
STOCKHOLDERS’ EQUITY:
Common stock, $0.001 par value—300 shares authorized; 162.6 and 171.7 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
1,128	1,180	1,152	1,130	1,108	1,068	1,048	996	957	909	912	880	850	800	779	744	718	687	671	634	604	562	537	507	486	462	455	437	425	400	388	356	341	317	292	277	251
Treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	2	2	2	2	2	2	2	2	2
Accumulated other comprehensive income (loss)
-3	1	1	0	-0	-0	-1	-1	-2	-0	-0	-0	-0	-0	0	0	0	-0	-0	-0	0	-0	0	1	0	1	1	0	2	3	3	1	2	0	-0	3	2
Retained earnings (accumulated deficit)
-589	140	46	-9	-50	-57	-156	-214	-262	-319	-9	42	48	37	43	58	23	68	124	115	115	113	111	116	123	121	142	131	122	110	89	71	57	43	27	9	-18
Stockholders' Equity Attributable to Parent
536	1,321	1,200	1,122	1,058	1,010	891	780	693	589	902	922	898	837	823	804	742	755	795	750	719	675	649	625	610	585	599	567	547	510	478	426	398	358	316	287	232
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
3,206	3,885	3,545	3,369	3,205	3,078	2,763	2,575	2,400	2,257	2,395	2,360	2,267	2,139	2,010	1,960	1,811	1,790	1,707	1,604	1,498	1,424	1,312	1,265	1,200	1,168	1,128	1,085	1,032	975	913	851	788	734	670	635	545