FFIV FY 2009 Earnings Report — F5, Inc. Revenue & Financial Results | Market Cap Arena

FY 2009 Earnings

Reported November 20, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$653M	—	$650M	—	0.4%
Op. Income	$126M	—	$105M	—	20.7%
Gross Margin	78.1%	—	77.1%	—	1.1pp
Net Margin	14.0%	—	11.4%	—	2.6pp
EPS (Diluted)	$1.14	—	$0.89	—	28.1%
Free Cash Flow	$190M	—	$166M	—	14.4%

Revenue Flow

Item	Amount
REVENUE	$653M
Cost of Revenue	$143M
GROSS PROFIT	$510M
R&D Expenses	$104M
Selling & Marketing	$225M
General & Administrative	$55M
SG&A Expenses	$280M
Other Expenses	$0
Operating Expenses	$384M
Cost & Expenses	$527M
OPERATING INCOME	$126M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$132M
Income Tax Expense	$40M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$26M
EBIT	$126M
EBITDA	$153M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$653M
Cost of Revenue	$143M
GROSS PROFIT	$510M
R&D Expenses	$104M
Selling & Marketing	$225M
General & Administrative	$55M
SG&A Expenses	$280M
Other Expenses	$0
Operating Expenses	$384M
Cost & Expenses	$527M
OPERATING INCOME	$126M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$132M
Income Tax Expense	$40M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$26M
EBIT	$126M
EBITDA	$153M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$92M
Depreciation & Amortization	$26M
Stock-Based Compensation	$56M
Deferred Income Tax	-$6M
Other Non-Cash Items	$3M
Change in Working Capital	$31M
OPERATING CASH FLOW	$202M
Capital Expenditure	-$12M
Acquisitions (Net)	$0
Purchases of Investments	-$415M
Sales/Maturities of Investments	$328M
Other Investing Activities	-$693.0K
NET CASH FROM INVESTING	-$99M
Net Debt Issuance	$0
Common Stock Repurchased	-$87M
Common Dividends Paid	$0
Other Financing Activities	$17M
NET CASH FROM FINANCING	-$71M
FREE CASH FLOW	$190M
Net Change in Cash	$33M

Balance Sheet

Item	Amount
Cash & Equivalents	$111M
Short-Term Investments	$206M
Net Receivables	$107M
Inventory	$14M
Other Current Assets	$30M
TOTAL CURRENT ASSETS	$468M
PP&E (Net)	$39M
Goodwill	$232M
Intangible Assets	$0
Long-Term Investments	$260M
Tax Assets	$49M
Other Non-Current Assets	$6M
TOTAL NON-CURRENT ASSETS	$600M
TOTAL ASSETS	$1.1B
Account Payables	$19M
Short-Term Debt	$0
Deferred Revenue	$151M
Other Current Liabilities	$12M
TOTAL CURRENT LIABILITIES	$223M
Long-Term Debt	$0
Deferred Revenue NC	$32M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$47M
TOTAL LIABILITIES	$270M
Common Stock	$463M
Additional Paid-In Capital	$463M
Retained Earnings	$339M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	-$463M
TOTAL STOCKHOLDERS' EQUITY	$799M
Minority Interest	$0
TOTAL EQUITY	$799M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$0
Net Debt	-$111M