Fortinet
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Fortinet generated cash of $1,935,500,000, which is more than the previous year. Cash used in financing activities reached the amount of -$1,570,400,000 last year. Net change in cash is therefore -$285,000,000.
Cash Flow
| 2014 | 196.58M | -29.35M | 749K |
|---|---|---|---|
| 2015 | 282.54M | -967K | -21.55M |
| 2016 | 345.7M | -74.1M | -105.9M |
| 2017 | 594.40M | -76.80M | -415.60M |
| 2018 | 638.9M | -134.9M | -202.6M |
| 2019 | 808M | -502.3M | -195.6M |
| 2020 | 1.08B | -72.8M | -1.17B |
| 2021 | 1.49B | -1.32B | 82.8M |
| 2022 | 1.73B | 763.9M | -2.13B |
| 2023 | 1.93B | -649.3M | -1.57B |
0IR9.L Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 1.68B | 1.31B | 1.06B | 1.22B | 1.11B | 811M | 709.00M | 543.27M | 283.25M | 115.87M |
Operating activities | ||||||||||
Net income | 1.14B | 857.3M | 606.8M | 488.5M | 331.7M | 334.9M | 31.39M | 32.2M | 7.98M | 25.34M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 379.7M | 104.3M | 84.4M | 68.8M | 61.6M | 55.7M | 55.47M | 48.5M | -31.58M | 22.02M |
Stock-based compensation expense | 251.6M | 219.8M | 211.2M | 193.8M | 174.1M | 162.9M | 137.2M | 122.4M | 95.08M | 58.99M |
| Deferred income tax benefit | 251.6M | 219.8M | 211.2M | 193.8M | 174.1M | 162.9M | 137.2M | 122.4M | 95.08M | 58.99M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | -146.4M | -456.7M | -72.5M | -176.4M | -96.7M | -82M | -38.45M | -57.9M | -66.46M | -55.88M |
Inventories | -253.5M | -109.1M | -19.4M | -42.2M | -48.5M | -33.4M | 9.42M | -43M | -19.08M | -32.45M |
Accounts payable | -43.1M | 105.2M | -13.1M | 37.4M | 7.7M | 0 | 13.09M | 0 | -2.51M | 0 |
Cash generated by operating activities | 1.93B | 1.73B | 1.49B | 1.08B | 808M | 638.9M | 594.40M | 345.7M | 282.54M | 196.58M |
Investing activities | ||||||||||
Purchases Of Investments | -1.86B | -389.1M | -2.51B | -1.07B | -1.33B | 0 | -669.17M | 0 | -459.90M | 0 |
Investments In Property Plant And Equipment | -204.1M | -281.2M | -295.9M | -125.9M | -92.2M | -53M | -135.31M | -67.2M | -37.35M | -32.19M |
Acquisitions Net | 0 | -30.8M | -74.9M | -40.2M | -34.6M | 0 | 0 | 0 | -38.02M | 0 |
Cash generated by investing activities | -649.3M | 763.9M | -1.32B | -72.8M | -502.3M | -134.9M | -76.80M | -74.1M | -967K | -29.35M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 26.1M | 26M | 22.1M | 49.5M | 0 | 75.86M | 0 | 67.31M | 0 |
Payments for dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repurchases of common stock | -1.61B | -1.99B | -741.8M | -1.08B | -145.1M | -279M | -446.33M | -149.1M | -60M | -54.57M |
Repayments of term debt | 0 | 0 | -967.5M | -4.09M | -3.7M | -10.1M | 0 | -1.6M | 0 | 0 |
Cash used in financing activities | -1.57B | -2.13B | 82.8M | -1.17B | -195.6M | -202.6M | -415.60M | -105.9M | -21.55M | 749K |
Net Change In Cash | -285M | 363.8M | 257.3M | -160.7M | 110.1M | 301.4M | 102.00M | 165.72M | 260.02M | 167.38M |
Cash at end of period | 1.39B | 1.68B | 1.31B | 1.06B | 1.22B | 1.11B | 811.00M | 709M | 543.27M | 283.25M |
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