FORTINET, INC. — Cash Flow Charts
8 quarters of history · ending 2025-12-31 · SEC EDGAR
Source:10-K · 10-Q
Capital Allocation
How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).
Capital Allocation Waterfall
Buybacks vs Stock-Based Comp
Cash Flow
Cash Flow by Activity
Operating Cash Flow↑+29.9% +$143M
$620M
Free Cash Flow↑+51.9% +$197M
$577M
Investing Cash Flow↑+59.0% +$160M
$-111M
Financing Cash Flow↓-7.9% -$2M
$-33M
Capex↓-56.1% -$55M
$43M
Acquisitions↓-100.0% -$29M
$0
Stock Buybacks
$57M
Stock-Based Comp↑+10.2% +$7M
$73M
Debt Issued
—
Debt Repaid
—
D&A↑+12.2% +$4M
$40M
SBC Allocated Expense↑+9.9% +$7M
$73M
SBC Unrecognized Cost
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