Fortinet Inc.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.80B | $1.49B | $1.28B | $1.01B | $770.4M | $615.3M | $533.6M | $433.6M |
| Product | $702.3M | — | — | — | — | — | — | — |
| Service | $1.10B | — | — | — | — | — | — | — |
| Cost of Revenue | $450.4M | $385.3M | $337.8M | $286.8M | $231.0M | $180.6M | $147.4M | $113.6M |
| Gross Profit | $1.35B | $1.11B | $937.6M | $722.5M | $539.4M | $434.7M | $386.2M | $320.0M |
| Gross Margin | 75.2% | 74.2% | 73.5% | 71.6% | 70.0% | 70.6% | 72.4% | 73.8% |
| Operating Expenses | ||||||||
| Research & Development | $244.5M | $210.6M | $183.1M | $158.1M | $122.9M | $102.7M | $81.1M | $63.6M |
| SG&A Expense | $93.0M | $87.9M | $81.1M | $71.5M | $41.3M | $34.9M | $25.5M | $22.0M |
| Operating Income | $234.4M | $109.8M | $42.9M | $14.9M | $59.3M | $72.1M | $100.5M | $88.9M |
| Operating Margin | 13.0% | 7.3% | 3.4% | 1.5% | 7.7% | 11.7% | 18.8% | 20.5% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $254.3M | $124.0M | $43.1M | $17.0M | $61.5M | $75.9M | $105.0M | $92.1M |
| Income Tax Expense | $-80.6M | $92.6M | $10.9M | $9.0M | $36.2M | $31.7M | $38.2M | $29.6M |
| Net Income | $334.9M | $31.4M | $32.2M | $8.0M | $25.3M | $44.3M | $66.8M | $62.5M |
| Net Margin | 18.6% | 2.1% | 2.5% | 0.8% | 3.3% | 7.2% | 12.5% | 14.4% |
| EPS (Basic) | $0.40 | $0.04 | $0.04 | $0.01 | $0.03 | $0.05 | $0.08 | $0.08 |
| EPS (Diluted) | $0.38 | $0.04 | $0.04 | $0.01 | $0.03 | $0.05 | $0.08 | $0.08 |
| Shares Outstanding (Basic) | 845.5M | 871.5M | 863.0M | 851.9M | 819.2M | 812.2M | 790.4M | 762.9M |
| Shares Outstanding (Diluted) | 871.0M | 890.5M | 881.5M | 880.7M | 846.4M | 840.9M | 831.6M | 818.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |