FFIV FY 2011 Earnings Report — F5, Inc. Revenue & Financial Results | Market Cap Arena

FY 2011 Earnings

Reported November 21, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$1.2B	—	$882M	—	30.6%
Op. Income	$351M	—	$230M	—	52.5%
Gross Margin	81.9%	—	80.5%	—	1.4pp
Net Margin	21.0%	—	17.1%	—	3.8pp
EPS (Diluted)	$2.96	—	$1.86	—	59.1%
Free Cash Flow	$381M	—	$301M	—	26.5%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$208M
GROSS PROFIT	$944M
R&D Expenses	$139M
Selling & Marketing	$371M
General & Administrative	$84M
SG&A Expenses	$454M
Other Expenses	$0
Operating Expenses	$593M
Cost & Expenses	$801M
OPERATING INCOME	$351M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$10M
INCOME BEFORE TAX	$361M
Income Tax Expense	$119M
Net Income from Continuing Ops	$241M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$241M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$241M
D&A	$21M
EBIT	$351M
EBITDA	$372M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$208M
GROSS PROFIT	$944M
R&D Expenses	$139M
Selling & Marketing	$371M
General & Administrative	$84M
SG&A Expenses	$454M
Other Expenses	$0
Operating Expenses	$593M
Cost & Expenses	$801M
OPERATING INCOME	$351M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$10M
INCOME BEFORE TAX	$361M
Income Tax Expense	$119M
Net Income from Continuing Ops	$241M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$241M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$241M
D&A	$21M
EBIT	$351M
EBITDA	$372M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$241M
Depreciation & Amortization	$21M
Stock-Based Compensation	$90M
Deferred Income Tax	$4M
Other Non-Cash Items	$819.0K
Change in Working Capital	$60M
OPERATING CASH FLOW	$417M
Capital Expenditure	-$36M
Acquisitions (Net)	-$6M
Purchases of Investments	-$980M
Sales/Maturities of Investments	$876M
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$140M
Net Debt Issuance	$0
Common Stock Repurchased	-$272M
Common Dividends Paid	$0
Other Financing Activities	$45M
NET CASH FROM FINANCING	-$227M
FREE CASH FLOW	$381M
Net Change in Cash	$48M

Balance Sheet

Item	Amount
Cash & Equivalents	$217M
Short-Term Investments	$326M
Net Receivables	$166M
Inventory	$17M
Other Current Assets	$38M
TOTAL CURRENT ASSETS	$764M
PP&E (Net)	$48M
Goodwill	$235M
Intangible Assets	$0
Long-Term Investments	$470M
Tax Assets	$35M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$805M
TOTAL ASSETS	$1.6B
Account Payables	$34M
Short-Term Debt	$0
Deferred Revenue	$271M
Other Current Liabilities	$15M
TOTAL CURRENT LIABILITIES	$372M
Long-Term Debt	$0
Deferred Revenue NC	$72M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$18M
TOTAL NON-CURRENT LIABILITIES	$91M
TOTAL LIABILITIES	$463M
Common Stock	$381M
Additional Paid-In Capital	$381M
Retained Earnings	$731M
Treasury Stock	$0
Accum. Other Comp. Income	-$6M
Other Equity	-$381M
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$0
Net Debt	-$217M