Fortinet Inc (FTNT)
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[[ session ]] by (Cboe BZX)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2023 | 12-2022 | 12-2021 | 12-2020 | 12-2019 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 1,147,800 | 856,600 | 606,700 | 488,500 | 331,700 |
| Depreciation Amortization | 352,000 | 332,000 | 267,200 | 207,500 | 163,500 |
| Income taxes - deferred | -301,900 | -226,400 | -94,000 | -10,500 | 19,400 |
| Accounts receivable | -146,400 | -456,700 | -72,500 | -176,400 | -96,700 |
| Accounts payable and accrued liabilities | -43,100 | 105,200 | -13,100 | 37,400 | 7,700 |
| Other Working Capital | 428,000 | 459,400 | 496,400 | 200,500 | 113,600 |
| Other Operating Activity | 499,100 | 660,500 | 309,000 | 336,700 | 268,800 |
| Operating Cash Flow | $1,935,500 | $1,730,600 | $1,499,700 | $1,083,700 | $808,000 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -204,100 | -281,200 | -295,900 | -125,900 | -92,200 |
| Net Acquisitions | N/A | -30,800 | -74,900 | -40,200 | -34,600 |
| Purchase Of Investment | -1,864,300 | -389,100 | -2,510,500 | -1,079,000 | -1,332,300 |
| Sale Of Investment | 1,418,800 | 1,465,000 | 1,555,800 | 1,171,000 | 956,800 |
| Other Investing Activity | 300 | 0 | 400 | 1,300 | 0 |
| Investing Cash Flow | $-649,300 | $763,900 | $-1,325,100 | $-72,800 | $-502,300 |
| Cash Flows From Financing Activities | |||||
| Debt Issued | 0 | 0 | 989,400 | 0 | 0 |
| Common Stock Issued | 43,800 | 26,100 | 26,000 | 22,100 | 49,500 |
| Common Stock Repurchased | -1,500,500 | -1,991,200 | -741,800 | -1,080,100 | -145,100 |
| Other Financing Activity | -113,700 | -165,200 | -190,800 | -113,600 | -100,000 |
| Financing Cash Flow | $-1,570,400 | $-2,130,300 | $82,800 | $-1,171,600 | $-195,600 |
| Exchange Rate Effect | -800 | -400 | -100 | 0 | 0 |
| Beginning Cash Position | 1,682,900 | 1,319,100 | 1,061,800 | 1,222,500 | 1,112,400 |
| End Cash Position | 1,397,900 | 1,682,900 | 1,319,100 | 1,061,800 | 1,222,500 |
| Net Cash Flow | $-285,000 | $363,800 | $257,300 | $-160,700 | $110,100 |
| Free Cash Flow | |||||
| Operating Cash Flow | 1,935,500 | 1,730,600 | 1,499,700 | 1,083,700 | 808,000 |
| Capital Expenditure | -204,100 | -281,200 | -295,900 | -125,900 | -92,200 |
| Free Cash Flow | 1,731,400 | 1,449,400 | 1,203,800 | 957,800 | 715,800 |