Fortinet (FTNT) Financials

Fortinet Inc (FTNT) is a global provider of network security solutions, offering a wide range of products and services to help organizations protect their critical IT infrastructure. The company's financials reflect its strong performance and growth in recent years. In its income statement, Fortinet Inc reported a steady increase in total revenue, reaching $2.95 billion in the most recent fiscal year. This growth can be attributed to the company's ability to attract new customers and drive sales of its security solutions. Fortinet Inc also achieved a gross profit of $2.17 billion, indicating its strong profitability.

One key measure of Fortinet Inc's financial performance is its EBIT (earnings before interest and taxes), which provides a measure of the company's operating income. The company's EBIT for the most recent fiscal year was $381 million, demonstrating its ability to generate profits from its core operations. Another important measure is EBITDA (earnings before interest, taxes, depreciation, and amortization), which gives a more complete picture of the company's profitability. Fortinet Inc reported an EBITDA of $501 million, highlighting its strong financial position. The company's net income from stockholders was $259 million, showing its ability to generate returns for its shareholders.

Turning to the balance sheet, Fortinet Inc has a strong financial position, with total assets of $5.38 billion. The company has a healthy stockholders equity of $2.78 billion, indicating a solid foundation for future growth. Fortinet Inc also has cash equivalents of $1.29 billion, providing it with liquidity and flexibility. In terms of debt, the company has a net debt of $945 million and total debt of $1.43 billion, which is manageable considering its strong cash flow generation. The company's total liabilities stand at $2.6 billion, reflecting its obligations and commitments.

In terms of cash flow, Fortinet Inc has strong cash flow from its operating activities, which stood at $549 million in the most recent fiscal year. This reflects the company's ability to generate cash from its core business operations. The company also has positive financing cash flow of $15 million, indicating its ability to secure financing for its investment and growth initiatives. Fortinet Inc has free cash flow of $362 million, demonstrating its ability to generate cash flow after accounting for capital expenditures. Lastly, the company has investing cash flow of $238 million, reflecting its investments in technology, research and development, and acquisitions.

Overall, Fortinet Inc's financials showcase its strong performance and growth in the network security market. The company's ability to generate profits, maintain a solid financial position, and generate strong cash flow highlights its resilience and competitiveness in the industry.