FORTINET, INC. (FTNT) FY2024 Annual Balance Sheet

FORTINET, INC. (FTNT) FY2024 Annual Balance Sheet

Balance sheet as of 2024-12-31. The chart shows assets, liabilities and equity at that date.

Assets

9,763,100,000 US dollars

Current assets

5,971,500,000 US dollars

Non-current assets

3,791,600,000 US dollars

Liabilities

8,269,300,000 US dollars

Current liabilities

4,060,700,000 US dollars

Non-current liabilities

4,208,600,000 US dollars

Equity

1,493,800,000 US dollars

Cash and cash equivalents

2,875,900,000 US dollars

Accounts receivable—Net of allowance for credit losses of $5.9 million and $8.2 million at December 31, 2024 and 2023, respectively

1,463,400,000 US dollars

Short-term investments

1,126,400,000 US dollars

Inventory

315,500,000 US dollars

Prepaid expenses and other current assets

126,100,000 US dollars

Marketable equity securities

64,200,000 US dollars

PROPERTY AND EQUIPMENT—NET

1,349,500,000 US dollars

DEFERRED TAX ASSETS

1,335,600,000 US dollars

DEFERRED CONTRACT COSTS

622,900,000 US dollars

GOODWILL

235,400,000 US dollars

OTHER ASSETS

133,200,000 US dollars

OTHER INTANGIBLE ASSETS—NET

115,000,000 US dollars

Deferred revenue

3,276,200,000 US dollars

Accrued liabilities

337,900,000 US dollars

Accrued payroll and compensation

255,700,000 US dollars

Accounts payable

190,900,000 US dollars

DEFERRED REVENUE

3,084,700,000 US dollars

LONG-TERM DEBT

994,300,000 US dollars

OTHER LIABILITIES

129,600,000 US dollars

Additional paid-in capital

1,636,200,000 US dollars

Common stock, $0.001 par value—1,500.0 shares authorized; 767.0 shares and 761.0 shares issued and outstanding at December 31, 2024 and 2023, respectively

800,000 US dollars

Accumulated deficit

negative 117,100,000 US dollars

Accumulated other comprehensive loss

negative 26,100,000 US dollars

Gross equity (calculated)

1,637,000,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

Chart connections

• Assets equal liabilities plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
• Treasury shares and other negative equity contributions reduce equity.