Repurchase and retirement of common stock (in shares)

[Table of Contents](#iedfcb48a3788458f95ee4009debca3d0_7)FORTINET, INC.CONDENSED CONSOLIDATED STATEMENTS OF EQUITY(unaudited, in millions)

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|  | Three Months Ended March 31, 2022 |
|   | Common Stock |  | AdditionalPaid-InCapital |  | AccumulatedOtherComprehensive Income (Loss) |  | Accumulated Deficit |  | Non-Controlling Interests |  | TotalEquity |
| Shares |  | Amount |  |  |  |
| BALANCE—December 31, 2021 | 162.0  |  |  | $ | 0.2  |  |  | $ | 1,254.2  |  |  | $ | (4.8) |  |  | $ | (467.9) |  |  | $ | 16.7  |  |  | $ | 798.4  |  |
| Issuance of common stock in connection with equity incentive plans - net of tax withholding | 0.6  |  |  | —  |  |  | (53.8) |  |  | —  |  |  | —  |  |  | —  |  |  | (53.8) |  |
| Repurchase and retirement of common stock | (2.3) |  |  | —  |  |  | (17.3) |  |  | —  |  |  | (673.9) |  |  | —  |  |  | (691.2) |  |
| Stock-based compensation expense | —  |  |  | —  |  |  | 53.2  |  |  | —  |  |  | —  |  |  | —  |  |  | 53.2  |  |
| Net unrealized loss on investments - net of tax | —  |  |  | —  |  |  | —  |  |  | (7.2) |  |  | —  |  |  | —  |  |  | (7.2) |  |
| Foreign currency translation adjustment | —  |  |  | —  |  |  | —  |  |  | (3.4) |  |  | —  |  |  | (1.1) |  |  | (4.5) |  |
| Net income | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 138.4  |  |  | (0.1) |  |  | 138.3  |  |
| BALANCE—March 31, 2022 | 160.3  |  |  | $ | 0.2  |  |  | $ | 1,236.3  |  |  | $ | (15.4) |  |  | $ | (1,003.4) |  |  | $ | 15.5  |  |  | $ | 233.2  |  |
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|  | Three Months Ended March 31, 2021 |
|   | Common Stock |  | AdditionalPaid-InCapital |  | AccumulatedOtherComprehensive Income (Loss) |  | Accumulated Deficit |  | Non-Controlling Interests |  | TotalEquity |
| Shares |  | Amount |  |  |  |
| BALANCE—December 31, 2020 | 162.5  |  |  | $ | 0.2  |  |  | $ | 1,207.2  |  |  | $ | 0.7  |  |  | $ | (352.1) |  |  | $ | —  |  |  | $ | 856.0  |  |
| Issuance of common stock in connection with equity incentive plans - net of tax withholding | 0.8  |  |  | —  |  |  | (31.5) |  |  | —  |  |  | —  |  |  | —  |  |  | (31.5) |  |
| Stock-based compensation expense | —  |  |  | —  |  |  | 49.5  |  |  | —  |  |  | —  |  |  | —  |  |  | 49.5  |  |
| Net unrealized loss on investments - net of tax | —  |  |  | —  |  |  | —  |  |  | (0.4) |  |  | —  |  |  | —  |  |  | (0.4) |  |
| Net income | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 107.2  |  |  | —  |  |  | 107.2  |  |
| BALANCE—March 31, 2021 | 163.3  |  |  | $ | 0.2  |  |  | $ | 1,225.2  |  |  | $ | 0.3  |  |  | $ | (244.9) |  |  | $ | —  |  |  | $ | 980.8  |  |

See notes to condensed consolidated financial statements.6
