FORTINET, INC. FTNT Income Statement

Fortinet, inc. (FTNT)

Income statement / 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	Mar'11	Sep'10	Jun'10
Ratable and other revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,544	11,583	13,390	15,900	18,109	16,941	0	0	0
Total revenue
2,260,500	2,156,200	2,048,800	1,955,200	1,874,800	1,801,200	1,710,800	1,631,100	1,553,300	1,494,900	1,441,087	1,383,533	1,331,424	1,275,400	1,209,142	1,152,564	1,080,958	1,009,268	936,708	869,988	814,301	770,364	723,745	685,096	648,426	615,297	589,109	570,678	552,212	533,639	503,338	483,496	457,557	433,576	397,686	357,591	0	0	0
COST OF REVENUE:
Ratable and other revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,020	3,468	4,114	4,911	5,641	6,071	0	0	0
Total cost of revenue
521,600	505,900	493,900	481,400	466,200	450,400	427,300	409,300	391,900	385,300	370,754	361,953	350,756	337,800	328,922	315,824	300,819	286,777	270,425	255,609	243,868	231,009	219,262	206,307	192,258	180,643	168,208	162,086	155,505	147,420	138,463	131,794	121,225	113,598	102,556	91,582	0	0	0
GROSS PROFIT:
Ratable and other revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,524	8,115	9,276	10,989	12,468	10,870	0	0	0
Total gross profit
1,738,900	1,650,300	1,554,900	1,473,800	1,408,600	1,350,800	1,283,500	1,221,800	1,161,400	1,109,600	1,070,333	1,021,580	980,668	937,600	880,220	836,740	780,139	722,491	666,283	614,379	570,433	539,355	504,483	478,789	456,168	434,654	420,901	408,592	396,707	386,219	364,875	351,702	336,332	319,978	295,130	266,009	0	0	0
OPERATING EXPENSES:
Research and development
288,800	277,100	271,400	260,200	254,000	244,500	233,700	228,500	218,500	210,600	201,505	195,244	189,546	183,100	180,309	175,180	167,067	158,129	148,412	137,092	129,641	122,880	117,530	113,161	108,381	102,660	95,438	89,515	84,745	81,078	76,933	73,269	68,823	63,577	59,586	55,428	0	0	0
Sales and marketing
971,000	926,900	875,700	846,600	812,900	782,300	768,300	742,400	715,900	701,000	671,972	654,403	650,797	626,500	600,468	566,631	515,865	470,371	426,759	386,198	349,087	315,804	284,907	261,161	242,341	224,991	210,777	198,833	187,095	179,155	171,022	163,213	154,850	145,532	132,535	123,378	0	0	0
General and administrative
106,400	102,100	96,900	93,300	92,500	93,000	93,400	91,900	90,300	87,900	82,971	83,977	84,261	81,100	83,944	83,158	78,992	71,514	63,303	51,872	44,298	41,347	37,995	37,588	35,932	34,913	32,199	30,266	27,716	25,511	24,965	22,875	22,485	21,965	22,466	23,040	0	0	0
Gain on intellectual property matter
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring charges
-	-	-	-	-	-	-	-	-	300	1,136	3,419	4,072	4,000	4,881	8,481	7,928	7,600	5,883	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
1,329,400	1,306,100	1,244,000	1,200,100	1,159,400	1,119,800	1,095,400	1,062,800	1,024,600	999,800	957,584	937,043	928,676	894,700	869,602	833,450	769,852	707,614	644,357	575,162	523,026	480,031	440,432	411,910	386,654	362,564	338,414	318,614	299,556	285,744	272,920	259,357	246,158	231,074	214,587	201,846	0	0	0
OPERATING INCOME
409,500	344,200	310,900	273,700	249,200	231,000	188,100	159,000	136,800	109,800	112,749	84,537	51,992	42,900	10,618	3,290	10,287	14,877	21,926	39,217	47,407	59,324	64,051	66,879	69,514	72,090	82,487	89,978	97,151	100,475	91,955	92,345	90,174	88,904	80,543	64,163	0	0	0
INTEREST INCOME—NET
41,500	42,500	41,900	37,400	32,200	26,500	21,200	18,200	15,600	13,500	11,461	9,449	7,954	7,300	6,515	5,960	5,619	5,295	5,521	5,527	5,482	5,393	5,309	5,252	5,270	5,306	5,388	5,424	5,290	5,006	4,569	4,155	3,815	3,523	3,074	2,569	0	0	0
OTHER EXPENSE—NET
-15,000	-7,500	-9,200	-2,300	-6,900	-6,600	-5,500	-6,000	200	700	-1,751	-2,938	-5,488	-7,100	-4,456	-4,322	-3,802	-3,167	-3,360	-3,712	-3,456	-3,168	-2,387	-2,533	-2,059	-1,455	-1,206	-372	-199	-485	-427	-50	-330	-354	-644	-617	0	0	0
INCOME BEFORE INCOME TAXES
436,000	379,200	343,600	308,800	274,500	250,900	203,800	171,200	152,600	124,000	122,459	91,048	54,458	43,100	12,677	4,928	12,104	17,005	24,087	41,032	49,433	61,549	66,973	69,598	72,725	75,941	86,669	95,030	102,242	104,996	96,097	96,450	93,659	92,073	82,973	66,115	0	0	0
PROVISION FOR INCOME TAXES
64,300	52,700	-50,300	-64,000	-74,900	-81,300	83,200	82,600	90,300	92,600	36,880	25,878	13,676	10,900	8,190	-1,437	3,559	9,018	6,753	27,811	30,923	36,206	36,427	32,079	32,308	31,668	32,905	35,089	37,330	38,160	34,274	33,916	30,581	29,581	22,958	17,148	0	0	0
NET INCOME
371,700	326,500	393,900	372,800	349,400	332,200	120,600	88,600	62,300	31,400	85,579	65,170	40,782	32,200	4,487	6,365	8,545	7,987	17,334	13,221	18,510	25,343	30,546	37,519	40,417	44,273	53,764	59,941	64,912	66,836	61,823	62,534	63,078	62,492	60,015	48,967	0	0	0
Net income per share (Note 8):
Basic (in dollars per share)
0.61	0.67	0.47	0.42	0.35	1.07	0.35	0.29	0.25	-0.16	0.15	0.13	0.06	0.15	0.04	-0.01	0.01	-0.01	0.05	0.00	0.01	0.04	0.02	0.04	0.05	0.06	0.07	0.06	0.08	0.13	0.11	0.09	0.09	0.10	0.12	0.10	0.09	0.10	0.05
Diluted (in dollars per share)
0.60	0.65	0.46	0.42	0.34	1.06	0.33	0.28	0.24	-0.16	0.15	0.13	0.06	0.14	0.04	-0.01	0.01	-0.01	0.05	0.00	0.01	0.04	0.02	0.04	0.05	0.07	0.07	0.05	0.07	0.13	0.10	0.08	0.09	0.10	0.11	0.09	0.08	0.09	0.05
Weighted-average shares outstanding:
Basic (in shares)
170,600	171,400	171,300	171,100	170,200	170,300	169,800	168,600	167,700	171,500	175,500	175,700	174,500	173,245	173,335	172,075	171,745	171,885	171,648	169,930	168,077	165,478	164,294	163,161	162,391	163,305	162,906	162,247	161,282	160,061	158,751	157,474	156,010	154,484	153,265	152,267	150,308	143,672	136,990
Diluted (in shares)
174,200	175,300	174,800	175,100	174,800	175,800	175,700	173,500	171,800	175,400	179,000	179,700	178,300	180,766	177,938	172,075	174,421	176,713	177,897	176,234	173,720	170,970	169,727	168,345	168,114	168,201	168,666	168,042	167,823	166,713	166,791	166,061	165,751	164,504	163,869	163,887	162,864	155,842	151,274
Product [Member]
Total revenue
818,100	788,500	750,500	717,900	694,300	674,400	635,700	608,300	584,700	577,200	574,015	564,887	558,828	548,100	533,944	525,709	503,845	476,782	442,701	410,695	381,302	360,558	333,764	315,720	296,861	278,046	265,187	258,527	253,694	248,948	235,386	225,452	210,447	197,408	175,858	153,802	0	0	0
Total cost of revenue
330,700	324,600	318,800	311,800	303,000	291,000	273,700	259,800	246,700	243,800	230,832	222,999	214,987	209,000	207,834	203,734	198,343	190,398	181,002	170,471	160,529	151,300	142,809	134,299	123,792	114,611	104,006	100,875	97,862	93,971	88,926	85,537	78,193	73,201	64,535	55,751	0	0	0
Total gross profit
487,400	463,900	431,700	406,100	391,300	383,400	362,000	348,500	338,000	333,400	343,183	341,888	343,841	339,100	326,110	321,975	305,502	286,384	261,699	240,224	220,773	209,258	190,955	181,421	173,069	163,435	161,181	157,652	155,832	154,977	146,460	139,915	132,254	124,207	111,323	98,051	0	0	0
Service [Member]
Total revenue
1,442,400	1,367,700	1,298,300	1,237,300	1,180,500	1,126,800	1,075,100	1,022,800	968,600	917,700	867,072	818,646	772,596	727,300	675,198	626,855	577,113	532,486	494,007	459,293	432,999	409,806	389,981	369,376	351,565	337,251	331,144	315,914	300,423	284,691	258,408	246,461	233,720	220,268	203,719	186,848	0	0	0
Total cost of revenue
190,900	181,300	175,100	169,600	163,200	159,400	153,600	149,500	145,200	141,500	139,922	138,954	135,769	128,800	121,088	112,090	102,476	96,379	89,423	85,138	83,339	79,709	76,453	72,008	68,466	66,032	66,337	62,699	58,406	53,449	46,517	42,789	38,918	35,486	32,380	29,760	0	0	0
Total gross profit
1,251,500	1,186,400	1,123,200	1,067,700	1,017,300	967,400	921,500	873,300	823,400	776,200	727,150	679,692	636,827	598,500	554,110	514,765	474,637	436,107	404,584	374,155	349,660	330,097	313,528	297,368	283,099	271,219	264,807	253,215	242,017	231,242	211,891	203,672	194,802	184,782	171,339	157,088	0	0	0