Revenue and Financial Overview

in in Free Cash Flow and Adjusted Free Cash Flow Growth (Non-GAAP) (Continued) ($ in millions) Notes (1) (2) $1,435.8 $1,858.3 $1,644.5 (1) Reported Free Cash Flow (2) $1,731.4 Real Estate Related Add Backs $1,449.4 $1,203.8 2021 2022 2023 Free Cash Flow is a non-GAAP measure that we define as net cash provided by operating activities minus purchases of property and equipment. Adjusted Free Cash Flow is a non-GAAP measure that we define as Free Cash Flow plus cash payments associated with real estate purchases and cash payments related to HQ Construction. © Fortinet Inc. All Rights Reserved. 19

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