FORTINET, INC. (FTNT) FY2025 Q1 Balance Sheet

FORTINET, INC. (FTNT) FY2025 Q1 Balance Sheet

Balance sheet as of 2025-03-31. The chart shows assets, liabilities and equity at that date.

Assets

10,407,000,000 US dollars

Current assets

6,442,600,000 US dollars

Non-current assets

3,964,400,000 US dollars

Liabilities

8,444,100,000 US dollars

Current liabilities

4,727,800,000 US dollars

Non-current liabilities

3,716,300,000 US dollars

Equity

1,962,900,000 US dollars

Cash and cash equivalents

3,596,600,000 US dollars

Short-term investments

1,183,900,000 US dollars

Accounts receivable—net

1,174,000,000 US dollars

Inventory

362,700,000 US dollars

Prepaid expenses and other current assets

125,400,000 US dollars

DEFERRED TAX ASSETS

1,411,600,000 US dollars

PROPERTY AND EQUIPMENT—NET

1,403,800,000 US dollars

DEFERRED CONTRACT COSTS

636,200,000 US dollars

GOODWILL

236,200,000 US dollars

OTHER INTANGIBLE ASSETS—NET

121,200,000 US dollars

OTHER ASSETS

120,200,000 US dollars

LONG-TERM INVESTMENTS

35,200,000 US dollars

Deferred revenue

3,339,400,000 US dollars

Current portion of long-term debt

498,700,000 US dollars

Accrued liabilities

415,000,000 US dollars

Accrued payroll and compensation

250,200,000 US dollars

Accounts payable

224,500,000 US dollars

DEFERRED REVENUE

3,079,000,000 US dollars

LONG-TERM DEBT

496,200,000 US dollars

OTHER LIABILITIES

141,100,000 US dollars

Additional paid-in capital

1,668,700,000 US dollars

Retained earnings (accumulated deficit)

316,300,000 US dollars

Common stock, $0.001 par value—1,500.0 shares authorized; 769.2 and 767.0 shares issued and outstanding on March 31, 2025 and December 31, 2024, respectively

800,000 US dollars

Accumulated other comprehensive loss

negative 22,900,000 US dollars

Gross equity (calculated)

1,985,800,000 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.