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Fortinet Inc (FTNT)

Fortinet Inc (FTNT)
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Fortinet, Inc. is a provider of network security appliances and Unified Threat Management network security solutions to enterprises, service providers and government entities worldwide. Its solutions are designed to integrate multiple levels of security protection, including firewall, virtual private networking (VPN), antivirus, intrusion prevention, web filtering, anti-spam and wide area network acceleration. Through its products and subscription services, the company provides integrated protection against dynamic security threats while simplifying the IT security infrastructure. Its solutions incorporate application-specific integrated circuits, hardware architecture, operating system, and associated security and networking functions to defend against multiple categories of IT security attacks without impacting network performance. The company's network security gateways protect customer data, reduce security complexities and lower the total cost of ownership.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Sales 5,304,800 4,417,400 3,342,200 2,594,400 2,156,200
Sales Growth +20.09% +32.17% +28.82% +20.32% +19.71%
Net Income 1,147,800 857,300 606,800 488,500 326,500
Net Income Growth +33.89% +41.28% +24.22% +49.62% -1.72%
(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Total Assets 7,258,900 6,228,000 5,919,100 4,044,500 3,885,500
Total Assets Growth +16.55% +5.22% +46.35% +4.09% +26.23%
Total Liabilities 7,722,300 6,509,600 5,120,700 3,188,500 2,563,600
Total Liabilities Growth +18.63% +27.12% +60.60% +24.38% +23.98%
(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Operating Cash Flow 1,935,500 1,730,600 1,499,700 1,083,700 808,000
Operating Cash Flow Growth +11.84% +15.40% +38.39% +34.12% +26.47%
Net Cash Flow -285,000 363,800 257,300 -160,700 110,100
Change in Net Cash Flow -178.34% +41.39% +260.11% -245.96% -63.47%
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