Operating
Fortinet·Cash Flow Statement·18 metrics
Breakdown
| Metric | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | $342M | $608.1M | $477.6M | $863.3M | $451.9M | $655.2M | $620.2M | $1.1B |
| Net income | $379.8M | $539.9M | $526.2M | $433.4M | $440.1M | $473.9M | $506M | $534.5M |
| Change in deferred revenue | $106.9M | $72.7M | $343.4M | $57M | $147.8M | $83.3M | $466.1M | $235.7M |
| Change in accounts receivable | $86.7M | -$57.6M | $421.9M | -$303.9M | $41.2M | -$46M | $524.6M | -$205.2M |
| Increase (Decrease) in Deferred Charges | $69.5M | $76.2M | $98.9M | $91.3M | $111.2M | $102.8M | $143.7M | $112.4M |
| Amortization of costs capitalized to obtain revenue contracts, net | $72.7M | $73.6M | $75.4M | $78M | $82M | $86M | $90.3M | $94.2M |
| Stock-based compensation | $63.9M | $65.9M | $65.8M | $66.1M | $69.1M | $71.8M | $72.5M | $72.5M |
| Increase (Decrease) in Prepaid Expense and Other Assets | $12.2M | — | $4.7M | -$3.4M | $35.5M | $32.2M | $31.6M | -$62.8M |
| Other Noncash Income (Expense) | -$15.7M | $111.3M | $6.4M | $35.5M | $9.3M | $8.3M | $0 | $44.9M |
| Depreciation and amortization | $29.2M | $29.8M | $35.2M | $35.8M | $38.3M | $38.4M | $39.5M | $39.8M |
| Change in accounts payable | -$5.6M | — | — | $24.6M | $22.2M | — | $16.4M | -$26M |
| Change in inventories | -$48.7M | -$19.7M | -$26.3M | $34.1M | $45.5M | $29.5M | — | -$23.6M |
| Accrued compensation and employee benefits | — | — | $7.9M | -$8.2M | $31.1M | — | $38.7M | -$20.6M |
| Change in accrued liabilities | -$129.9M | -$47.4M | -$34.4M | $63.7M | -$73.4M | -$5.8M | $28.8M | $12.5M |
| Increase (Decrease) in Deferred Income Taxes | $56.4M | $57.3M | $35.6M | $30M | $45.3M | -$89M | -$52.5M | -$11M |
| Increase (Decrease) in Other Operating Assets | $1.4M | $1.2M | $2.2M | -$1.5M | $13.2M | $1.9M | $2.6M | $5.4M |
| Accretion (Amortization) of Discounts and Premiums, Investments | $12.7M | $12.4M | $11.5M | $10.3M | $9.1M | $7.9M | $6.4M | $4.8M |
| Accrued expenses and other liabilities | — | — | -$8.8M | $5.3M | $5M | — | — | -$600K |