# FORTINET, INC. (FTNT) FY2024 Annual Balance Sheet

- Company: FORTINET, INC. (FTNT)
- Period: As of 2024-12-31
- Filing: FY2024 10-K, filed 2025-02-21, accession number 0001262039-25-000011
- Page: https://plicit.ai/financials/ftnt/fy2024-annual-balance-sheet
- Chart image: https://plicit.ai/charts/ftnt-fy2024-annual-balance-sheet-sankey.png

## Chart details

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.