7Baggers

FTNT Stock Income Statements

The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.
     Revenue  
     Gross Profit  
     Operating Profit  
     Net Income  
    Quarterly
     | 
    Annual
     
    20190331 20190630 20190930 20191231 20200331 20200630 20200930 20201231 20210331 20210630 20210930 20211231 20220331 20220630 20220930 20221231 20230331 20230630 20230930 20231231 0202.16404.31606.47808.631,010.791,212.941,415.1Milllion
    Quarterly Income Statements
    Quarterly
     | 
    Annual
     
      Unit: USD2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-09-30 2013-06-30 2009-12-31 
                                                   
        revenue:                                           
        product488,100,000 465,900,000 472,600,000 500,700,000 540,100,000 468,700,000 400,700,000 371,000,000 378,900,000 337,100,000 298,300,000 240,700,000 288,400,000 223,800,000 211,900,000 192,300,000 238,800,000 197,100,000 189,900,000 162,700,000 200,800,000 164,500,000 166,300,000 142,800,000 162,118,000 137,095,000 142,705,000 135,253,000 158,925,000 127,972,000 136,641,000 124,572,000 144,759,000 119,737,000 114,777,000 97,509,000 110,678,000 87,731,000 85,384,000 76,765,000 69,687,000 66,525,000  
        service927,000,000 868,700,000 820,200,000 761,600,000 742,900,000 680,800,000 629,400,000 583,800,000 584,700,000 530,100,000 502,800,000 469,600,000 459,600,000 427,300,000 403,600,000 384,600,000 375,600,000 350,400,000 331,800,000 309,900,000 306,200,000 289,400,000 275,000,000 256,200,000 254,550,000 237,122,000 220,764,000 205,323,000 203,905,000 188,674,000 174,750,000 160,004,000 151,770,000 140,331,000 125,008,000 115,377,000        
        total revenue1,415,100,000 1,334,600,000 1,292,800,000 1,262,300,000 1,283,000,000 1,149,500,000 1,030,100,000 954,800,000 963,600,000 867,200,000 801,100,000 710,300,000 748,000,000 651,100,000 615,500,000 576,900,000 614,400,000 547,500,000 521,700,000 472,600,000 507,000,000 453,900,000 441,300,000 399,000,000 416,668,000 374,217,000 363,469,000 340,576,000 362,830,000 316,646,000 311,391,000 284,576,000 296,529,000 260,068,000 239,785,000 212,886,000 223,969,000 193,348,000 184,098,000 168,949,000 154,699,000 147,428,000  
        yoy10.30% 16.10% 25.50% 32.21% 33.15% 32.55% 28.59% 34.42% 28.82% 33.19% 30.15% 23.12% 21.74% 18.92% 17.98% 22.07% 21.18% 20.62% 18.22% 18.45% 21.68% 21.29% 21.41% 17.15% 14.84% 18.18% 16.72% 19.68% 22.36% 21.76% 29.86% 33.68% 32.40% 34.51% 30.25% 26.01% 44.78% 31.15%      
        qoq6.03% 3.23% 2.42% -1.61% 11.61% 11.59% 7.89% -0.91% 11.12% 8.25% 12.78% -5.04% 14.88% 5.78% 6.69% -6.10% 12.22% 4.95% 10.39% -6.79% 11.70% 2.86% 10.60% -4.24% 11.34% 2.96% 6.72% -6.13% 14.59% 1.69% 9.42% -4.03% 14.02% 8.46% 12.64% -4.95% 15.84% 5.02% 8.97% 9.21% 4.93%   
        cost of revenue:                                           
        total cost of revenue315,900,000 317,700,000 295,800,000 307,800,000 297,300,000 283,000,000 250,800,000 253,800,000 228,300,000 211,200,000 186,900,000 156,600,000 167,000,000 139,200,000 135,100,000 128,700,000 140,500,000 124,100,000 128,300,000 113,000,000 128,500,000 111,600,000 113,100,000 97,200,000 105,419,000 93,649,000 95,652,000 90,564,000 90,891,000 84,799,000 84,503,000 77,749,000 81,976,000 71,701,000 69,498,000 63,602,000 65,624,000 56,885,000 57,757,000 50,743,000 43,930,000 43,708,000  
        gross profit:                                           
        total gross profit1,099,200,000 1,016,900,000 997,000,000 954,500,000 985,700,000 866,500,000 779,300,000 701,000,000 735,300,000 656,000,000 614,200,000 553,700,000 581,000,000 511,900,000 480,400,000 448,200,000 473,900,000 423,400,000 393,400,000 359,600,000 378,500,000 342,300,000 328,200,000 301,800,000 311,249,000 280,568,000 267,817,000 250,012,000 271,939,000 231,847,000 226,888,000 206,827,000 214,553,000 188,367,000 170,287,000 149,284,000 158,345,000 136,463,000 126,341,000 118,206,000 110,769,000 103,720,000  
        yoy11.51% 17.36% 27.94% 36.16% 34.05% 32.09% 26.88% 26.60% 26.56% 28.15% 27.85% 23.54% 22.60% 20.90% 22.11% 24.64% 25.20% 23.69% 19.87% 19.15% 21.61% 22.00% 22.55% 20.71% 14.46% 21.01% 18.04% 20.88% 26.75% 23.08% 33.24% 38.55% 35.50% 38.04% 34.78% 26.29% 42.95% 31.57%      
        qoq8.09% 2.00% 4.45% -3.17% 13.76% 11.19% 11.17% -4.66% 12.09% 6.81% 10.93% -4.70% 13.50% 6.56% 7.18% -5.42% 11.93% 7.63% 9.40% -4.99% 10.58% 4.30% 8.75% -3.04% 10.94% 4.76% 7.12% -8.06% 17.29% 2.19% 9.70% -3.60% 13.90% 10.62% 14.07% -5.72% 16.04% 8.01% 6.88% 6.71% 6.80%   
        operating expenses:                                           
        research and development152,500,000 156,900,000 153,300,000 151,100,000 128,900,000 134,300,000 124,300,000 124,900,000 112,600,000 107,800,000 106,600,000 97,200,000 89,000,000 90,000,000 82,100,000 80,300,000 71,200,000 69,900,000 67,400,000 68,600,000 65,500,000 58,700,000 61,200,000 59,100,000 54,774,000 53,486,000 51,159,000 51,195,000 45,589,000 47,239,000 45,502,000 44,966,000 42,814,000 42,110,000 37,389,000 35,816,000 33,097,000 30,790,000 29,938,000 29,055,000 26,421,000 25,158,000  
        sales and marketing507,400,000 504,400,000 515,900,000 478,300,000 455,900,000 427,100,000 415,500,000 387,600,000 367,700,000 347,100,000 326,900,000 304,000,000 291,400,000 266,700,000 253,800,000 260,000,000 257,100,000 227,400,000 226,500,000 215,900,000 205,900,000 198,300,000 192,800,000 185,300,000 191,928,000 172,361,000 166,337,000 170,400,000 162,873,000 154,831,000 162,694,000 147,403,000 136,840,000 120,994,000 111,928,000 100,609,000 93,228,000 80,433,000 74,817,000 67,326,000 56,687,000 55,997,000  
        general and administrative55,100,000 53,500,000 49,900,000 52,800,000 44,300,000 40,700,000 45,400,000 38,600,000 41,300,000 35,800,000 34,400,000 32,000,000 32,400,000 29,400,000 28,900,000 28,800,000 27,200,000 26,100,000 24,300,000 24,500,000 22,000,000 22,500,000 23,500,000 25,000,000 22,349,000 21,025,000 21,911,000 22,577,000 17,451,000 22,006,000 22,184,000 19,802,000 20,315,000 21,220,000 18,018,000 11,961,000 12,104,000 9,789,000 10,444,000 9,010,000 9,382,000 8,788,000  
        gain on intellectual property matter-1,200,000 -1,100,000 -1,100,000 -1,200,000 -1,200,000 -1,100,000 -1,200,000 -1,100,000 -1,200,000 -1,100,000 -1,200,000 -1,100,000 -1,200,000 -1,100,000 -1,100,000 -36,800,000                            
        total operating expenses713,800,000 713,700,000 718,000,000 681,000,000 627,900,000 601,000,000 584,000,000 550,000,000 520,400,000 489,600,000 466,700,000 432,100,000 411,600,000 385,000,000 363,700,000 332,300,000 355,500,000 323,400,000 318,200,000 309,000,000 293,400,000 279,500,000 277,500,000 269,400,000 269,051,000 246,872,000 239,317,000 244,602,000 226,746,000 226,359,000 230,933,000 212,499,000 201,686,000 190,207,000 167,335,000 148,386,000 138,429,000 121,012,000 115,199,000 105,391,000 92,490,000 89,943,000  
        operating income385,400,000 303,200,000 279,000,000 273,500,000 357,800,000 265,500,000 195,300,000 151,000,000 214,900,000 166,400,000 147,500,000 121,600,000 169,400,000 126,900,000 116,700,000 115,900,000 118,400,000 100,000,000 75,200,000 50,600,000 85,100,000 62,800,000 50,700,000 32,400,000 42,198,000 33,696,000 28,500,000 5,410,000 45,193,000 5,488,000 -4,045,000 -5,672,000 12,867,000 -1,840,000 2,952,000 898,000 19,916,000 15,451,000 11,142,000 12,815,000 18,279,000 13,777,000  
        yoy7.71% 14.20% 42.86% 81.13% 66.50% 59.56% 32.41% 24.18% 26.86% 31.13% 26.39% 4.92% 43.07% 26.90% 55.19% 129.05% 39.13% 59.24% 48.32% 56.17% 101.67% 86.37% 77.89% 498.89% -6.63% 513.99% -804.57% -195.38% 251.23% -398.26% -237.03% -731.63% -35.39% -111.91% -73.51% -92.99% 8.96% 12.15%      
        qoq27.11% 8.67% 2.01% -23.56% 34.76% 35.94% 29.34% -29.73% 29.15% 12.81% 21.30% -28.22% 33.49% 8.74% 0.69% -2.11% 18.40% 32.98% 48.62% -40.54% 35.51% 23.87% 56.48% -23.22% 25.23% 18.23% 426.80% -88.03% 723.49% -235.67% -28.68% -144.08% -799.29% -162.33% 228.73% -95.49% 28.90% 38.67% -13.06% -29.89% 32.68%   
        interest income30,500,000 37,000,000 31,600,000 20,600,000 9,100,000 4,600,000 2,400,000 1,300,000 1,000,000 1,200,000 1,200,000      32,600,000 11,400,000 11,000,000 10,200,000   5,800,000 4,500,000 4,061,000 3,866,000 3,163,000 2,392,000 1,964,000 1,888,000 1,705,000 1,746,000 1,176,000 1,333,000 1,364,000 1,422,000 1,402,000 1,339,000 1,319,000 1,333,000 1,282,000 1,337,000  
        interest expense-5,400,000 -5,400,000 -5,200,000 -5,000,000 -4,500,000 -4,500,000 -4,500,000 -4,500,000 -4,500,000 -4,600,000 -4,500,000                                 
        other income—net5,100,000 -7,000,000 -6,200,000 2,000,000 5,800,000 -900,000 -9,300,000 -9,100,000 -4,100,000 -6,300,000 800,000 -2,000,000 300,000 -1,000,000 900,000 -8,000,000 -600,000 -6,000,000 -400,000 -500,000 -2,300,000 900,000 -5,000,000 -200,000 -1,181,000 344,000 1,243,000 302,000 -3,650,000 -787,000 -1,350,000 -1,312,000 -1,007,000 -653,000 -830,000 -677,000 -1,200,000 -1,005,000 -574,000 -389,000 -1,151,000 -100,000  
        income before income taxes and income from equity method investment918,100,000 327,800,000 299,200,000 291,100,000 368,200,000 264,700,000 183,900,000 138,700,000 207,300,000 156,700,000                                  
        benefit from income taxes95,200,000 -300,000 27,600,000 21,300,000 9,200,000 27,300,000 2,400,000 -8,100,000 3,700,000 -9,300,000 7,500,000 12,200,000 25,000,000 5,000,000 9,500,000 13,100,000 12,500,000 25,600,000 13,100,000 1,500,000 -90,500,000 11,900,000 2,200,000 -4,900,000 74,039,000 11,296,000 9,873,000 -2,613,000 18,341,000 298,000 -2,302,000 -1,809,000 15,570,000 -9,329,000 2,694,000 83,000 13,305,000 11,729,000 5,806,000 5,366,000 7,381,000 6,035,000  
        income from equity method investment-32,600,000 -5,200,000 -5,300,000 -22,100,000 -45,200,000 -6,300,000 -8,100,000 -8,500,000 -4,800,000 -2,800,000                                  
        net income including non-controlling interests310,900,000 322,900,000 266,300,000 247,700,000 313,800,000 231,100,000 173,400,000 138,300,000 198,800,000 163,200,000                                  
        less: net income attributable to non-controlling interests, net of tax     -500,000 -100,000 -100,000 -200,000 100,000                                  
        net income310,900,000 322,900,000 266,300,000 247,700,000 313,800,000 231,600,000 173,500,000 138,400,000 199,000,000 163,100,000 137,500,000 107,200,000 146,700,000 123,400,000 112,100,000 104,000,000 115,200,000 79,800,000 72,700,000 58,800,000 182,600,000 58,700,000 49,300,000 41,600,000 -28,961,000 26,610,000 23,033,000 10,717,000 25,166,000 6,291,000 -1,388,000 -3,429,000 -2,534,000 8,169,000 792,000 1,560,000 6,813,000 4,056,000 6,081,000 8,393,000 11,029,000 8,979,000  
        yoy-0.92% 39.42% 53.49% 78.97% 57.69% 42.00% 26.18% 29.10% 35.65% 32.17% 22.66% 3.08% 27.34% 54.64% 54.20% 76.87% -36.91% 35.95% 47.46% 41.35% -730.50% 120.59% 114.04% 288.17% -215.08% 322.99% -1759.44% -412.54% -1093.13% -22.99% -275.25% -319.81% -137.19% 101.41% -86.98% -81.41% -38.23% -54.83%      
        qoq-3.72% 21.25% 7.51% -21.06% 35.49% 33.49% 25.36% -30.45% 22.01% 18.62% 28.26% -26.93% 18.88% 10.08% 7.79% -9.72% 44.36% 9.77% 23.64% -67.80% 211.07% 19.07% 18.51% -243.64% -208.84% 15.53% 114.92% -57.41% 300.03% -553.24% -59.52% 35.32% -131.02% 931.44% -49.23% -77.10% 67.97% -33.30% -27.55% -23.90% 22.83%   
        net income per share                                           
        basic0.4 0.41 0.34 0.32 0.4 0.29 0.22 0.86 1.22 1 0.84 0.66 0.91 0.76 0.69 0.61 0.67 0.47 0.42 0.35 1.07 0.35 0.29 0.25 -0.16 0.15 0.13 0.06 0.15 0.04 -0.01 -0.02 -0.01 0.05  0.01 0.04 0.02 0.04 0.05 0.07 0.06  
        diluted0.41 0.41 0.33 0.31 0.39 0.29 0.21 0.84 1.19 0.97 0.82 0.64 0.88 0.75 0.68 0.6 0.66 0.46 0.42 0.34 1.05 0.33 0.28 0.24 -0.16 0.15 0.13 0.06 0.14 0.04 -0.01 -0.02 -0.01 0.05  0.01 0.04 0.02 0.04 0.05 0.07 0.05  
        weighted-average shares used for eps                                           
        basic778.6 781.2 785 783.2 791.4 786.2 795.4 160.7 163.2 163.5 163.3 163 164.2 162.1 161.6 170.6 171 171.3 171.1 170.2 169.1 169.8 168.6 167.7 174,315 175,519 175,741 174,489 172,621 173,335 172,075 171,745 170,385 171,648 169,930 168,077 163,831 164,294 163,161 162,391 162,906 162,247  
        diluted788.2 791.2 795.9 793.4 805.3 798.6 810.1 164.2 167.1 167.7 167.1 166.4 167.7 165.6 165.4 174.2 175 174.8 175.1 174.8 174.2 175.7 173.5 171.8 178,079 178,973 179,701 178,278 176,338 177,938 172,075 171,745 176,141 177,897 176,234 173,720 169,289 169,727 168,345 168,114 168,666 168,042  
        income before income taxes          145,000,000 119,400,000 171,700,000 128,400,000 121,600,000 117,100,000 127,700,000 105,400,000 85,800,000 60,300,000 92,100,000 70,600,000 51,500,000 36,700,000 45,078,000 37,906,000 32,906,000 8,104,000 43,507,000 6,589,000 -3,690,000 -5,238,000 13,036,000 -1,160,000 3,486,000 1,643,000 20,118,000 15,785,000 11,887,000 13,759,000 18,410,000 15,014,000  
        weighted-average shares outstanding:                                           
        basic778.6 781.2 785 783.2 791.4 786.2 795.4 160.7 163.2 163.5 163.3 163 164.2 162.1 161.6 170.6 171 171.3 171.1 170.2 169.1 169.8 168.6 167.7 174,315 175,519 175,741 174,489 172,621 173,335 172,075 171,745 170,385 171,648 169,930 168,077 163,831 164,294 163,161 162,391 162,906 162,247  
        diluted788.2 791.2 795.9 793.4 805.3 798.6 810.1 164.2 167.1 167.7 167.1 166.4 167.7 165.6 165.4 174.2 175 174.8 175.1 174.8 174.2 175.7 173.5 171.8 178,079 178,973 179,701 178,278 176,338 177,938 172,075 171,745 176,141 177,897 176,234 173,720 169,289 169,727 168,345 168,114 168,666 168,042  
        interest income—net           -200,000 2,000,000 2,500,000 4,000,000 9,200,000     17,200,000 6,900,000                      
        restructuring charges                          -90,000 430,000 833,000 2,283,000 553,000 328,000 1,717,000 5,883,000          
        services and other                                    113,291,000 105,617,000 98,714,000 92,184,000    
        services                                        83,883,000 79,668,000  
        ratable and other revenue                                        1,129,000 1,235,000