12 unchanged sentences
The following graph compares the cumulative five-year total return for our common stock, the Standard & Poor’s 500 Stock Index (the “S&P 500 Index”) and the NASDAQ Computer Index.
−Removed: Such returns are based on historical results and are not intended to suggest future performance.
+Added: Such returns are based on historical results and are not
+Added: intended to suggest future performance.
Data for the S&P 500 Index and the NASDAQ Computer Index assume reinvestment of dividends.
14 unchanged sentences
From 2016 through 2020, our board of directors approved increases to our Repurchase Program by various amounts, bringing the aggregated amount authorized to $3.0 billion.
−Removed: In July 2020, our board of directors approved a $500.0 million increase and extended the term to February 28, 2022, bringing the aggregate amount authorized to be repurchased to $3.0 billion.
+Added: In October 2021, our board of directors approved a $1.25 billion increase and extended the term to February 28, 2023, bringing the aggregate amount authorized to be repurchased to $4.25 billion.
Under the Repurchase Program, share repurchases may be made by us from time to time in privately negotiated transactions or in open market transactions.
8 unchanged sentences
Total 1.8 1.8
−Removed: Selected Financial Data
−Removed: The following table presents our selected consolidated financial data and should be read in conjunction with the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Financial Statements and Supplementary Data,” and other financial data included elsewhere in this Annual Report on Form 10-K.
−Removed: Our historical results of operations are not indicative of our future results of operations.
−Removed: Year Ended December 31,
−Removed: 2020 2019 (1)
−Removed: (in millions, except per share amounts)
−Removed: Consolidated Statements of Income Data:
−Removed: Total revenue $ 2,594.4 $ 2,163.0 $ 1,804.6 $ 1,497.7 $ 1,278.5
−Removed: Total gross profit $ 2,024.4 $ 1,657.1 $ 1,354.2 $ 1,112.4 $ 940.7
−Removed: Operating income $ 531.8 $ 351.0 $ 234.4 $ 112.6 $ 46.0
−Removed: Net income $ 488.5 $ 331.7 $ 334.9 $ 35.4 $ 34.1
−Removed: Net income per share:
−Removed: Basic $ 2.98 $ 1.94 $ 1.98 $ 0.20 $ 0.20
−Removed: Diluted $ 2.91 $ 1.90 $ 1.92 $ 0.20 $ 0.19
−Removed: Weighted-average shares outstanding:
−Removed: Basic 164.2 171.0 169.1 174.3 172.6
−Removed: Diluted 167.7 175.0 174.2 178.1 176.3
−Removed: As of December 31,
−Removed: 2020 2019 (1)
−Removed: (in millions)
−Removed: Consolidated Balance Sheet Data:
−Removed: Cash, cash equivalents and investments $ 1,955.6 $ 2,209.9 $ 1,716.6 $ 1,349.3 $ 1,310.5
−Removed: Total assets $ 4,044.5 $ 3,879.2 $ 3,073.3 $ 2,253.9 $ 2,134.7
−Removed: Total stockholders’ equity $ 856.0 $ 1,342.4 $ 1,025.5 $ 602.0 $ 846.3
−Removed: (1) We identified an immaterial error related to the commencement of revenue recognition for certain FortiCare support service contracts, which resulted in an understatement of revenue during the year ended December 31, 2019 and 2018, respectively.
−Removed: See Note 2 of our consolidated financial statements in Part II, Item 8 for further detail.
−Removed: (2) We identified an immaterial error related to the commencement of revenue recognition for certain FortiCare support service contracts, which resulted in an understatement of revenue during the year ended December 31, 2017 and 2016, respectively.
−Removed: The following tables show the affected line items within our consolidated financial statements:
−Removed: Year Ended December 31,
−Removed: As Previously Reported Corrections As Corrected As Previously Reported Corrections As Corrected
−Removed: (in millions, except per share amounts)
−Removed: Consolidated Statements of Income Data:
−Removed: Total revenue $ 1,494.9 $ 2.8 $ 1,497.7 $ 1,275.4 $ 3.1 $ 1,278.5
−Removed: Total gross profit $ 1,109.6 $ 2.8 $ 1,112.4 $ 937.6 $ 3.1 $ 940.7
−Removed: Operating income $ 109.8 $ 2.8 $ 112.6 $ 42.9 $ 3.1 $ 46.0
−Removed: Net income $ 31.4 $ 4.0 $ 35.4 $ 32.2 $ 1.9 $ 34.1
−Removed: Net income per share:
−Removed: Basic $ 0.18 $ 0.02 $ 0.20 $ 0.19 $ 0.01 $ 0.20
−Removed: Diluted $ 0.18 $ 0.02 $ 0.20 $ 0.18 $ 0.01 $ 0.19
−Removed: As of December 31,
−Removed: As Previously Reported Corrections As Corrected As Previously Reported Corrections As Corrected
−Removed: (in millions)
−Removed: Consolidated Balance Sheet Data:
−Removed: Total assets $ 2,257.9 $ (4.0) $ 2,253.9 $ 2,139.9 $ (5.2) $ 2,134.7
−Removed: Total stockholders’ equity $ 589.4 $ 12.6 $ 602.0 $ 837.7 $ 8.6 $ 846.3
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.