Fortinet, Inc.FTNT

Market cap

$63.6B

P/E ratio

	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Cash and cash equivalents	123	116	283	543	709	811	1,112	1,223	1,062	1,319	1,683	1,398	2,876
Short-term investments	-	-	-	-	-	-	-	-	-	1,194	503	1,022	1,126
Marketable equity securities	-	-	-	-	-	-	-	-	-	39	26	21	64
Accounts Receivable, after Allowance for Credit Loss, Current	108	130	185	260	313	348	445	544	720	808	1,262	1,402	1,463
Inventory	21	49	69	84	107	77	90	118	140	176	265	485	316
Prepaid expenses and other current assets	13	14	31	36	33	40	37	41	43	65	73	101	126
Total current assets	569	736	1,047	1,271	1,539	1,717	2,221	2,769	2,740	3,601	3,810	4,428	5,972
PROPERTY AND EQUIPMENT—NET	26	37	59	91	137	245	271	344	448	688	899	1,044	1,350
DEFERRED CONTRACT COSTS	-	-	-	-	-	-	183	237	305	423	518	606	623
DEFERRED TAX ASSETS	-	-	-	-	-	-	-	233	245	342	569	869	1,336
GOODWILL	-	3	3	5	15	15	38	67	93	125	128	127	235
OTHER INTANGIBLE ASSETS—NET	-	7	3	18	25	16	22	31	32	64	56	35	115
OTHER ASSETS	6	5	11	14	17	20	21	60	63	236	202	150	133
TOTAL ASSETS	975	1,168	1,425	1,791	2,140	2,258	3,078	3,886	4,045	5,919	6,228	7,259	9,763
Accounts payable	21	36	50	62	57	70	86	96	142	148	243	204	191
Accrued liabilities	22	27	29	33	36	50	78	98	149	197	266	424	338
Accrued payroll and compensation	29	35	46	61	78	92	98	102	146	195	219	242	256
Deferred revenue	247	294	369	515	645	794	966	1,174	1,393	1,777	2,349	2,849	3,276
Total current liabilities	319	413	496	679	829	1,027	1,256	1,474	1,830	2,318	3,078	3,719	4,061
DEFERRED REVENUE	116	139	190	277	390	542	721	962	1,213	1,676	2,291	2,886	3,085
LONG-TERM DEBT	-	-	-	-	-	-	-	-	-	988	990	992	994
OTHER LIABILITIES	29	0	17	19	14	9	13	45	56	59	82	125	130
Total liabilities	465	583	749	1,035	1,302	1,669	2,068	2,564	3,189	5,121	6,510	7,722	8,269
Common Stock, Value, Issued	0	0	0	0	0	0	0	0	0	0	1	1	1
Additional paid-in capital	400	463	563	688	801	910	1,068	1,180	1,207	1,254	1,284	1,416	1,636
Accumulated other comprehensive loss	3	1	-0	-1	-1	-1	-1	1	1	-5	-20	-19	-26
Accumulated deficit	111	122	114	68	38	-320	-57	140	-352	-468	-1,546	-1,862	-117
Total stockholders’ equity (deficit)	511	586	676	755	838	589	1,010	1,322	856	798	-282	-463	1,494
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	975	1,168	1,425	1,791	2,140	2,258	3,078	3,886	4,045	5,919	6,228	7,259	9,763