FFIV FY 2015 Earnings Report — F5, Inc. Revenue & Financial Results | Market Cap Arena

FY 2015 Earnings

Reported November 6, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.7B	—	10.8%
Op. Income	$553M	—	$494M	—	12.0%
Gross Margin	82.7%	—	82.1%	—	0.6pp
Net Margin	19.0%	—	18.0%	—	1.0pp
EPS (Diluted)	$5.03	—	$4.09	—	23.0%
Free Cash Flow	$617M	—	$526M	—	17.3%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$332M
GROSS PROFIT	$1.6B
R&D Expenses	$297M
Selling & Marketing	$603M
General & Administrative	$136M
SG&A Expenses	$738M
Other Expenses	$0
Operating Expenses	$1.0B
Cost & Expenses	$1.4B
OPERATING INCOME	$553M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$8M
INCOME BEFORE TAX	$561M
Income Tax Expense	$196M
Net Income from Continuing Ops	$365M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$365M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$365M
D&A	$53M
EBIT	$553M
EBITDA	$605M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$332M
GROSS PROFIT	$1.6B
R&D Expenses	$297M
Selling & Marketing	$603M
General & Administrative	$136M
SG&A Expenses	$738M
Other Expenses	$0
Operating Expenses	$1.0B
Cost & Expenses	$1.4B
OPERATING INCOME	$553M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$8M
INCOME BEFORE TAX	$561M
Income Tax Expense	$196M
Net Income from Continuing Ops	$365M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$365M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$365M
D&A	$53M
EBIT	$553M
EBITDA	$605M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$365M
Depreciation & Amortization	$53M
Stock-Based Compensation	$146M
Deferred Income Tax	-$13M
Other Non-Cash Items	$2M
Change in Working Capital	$132M
OPERATING CASH FLOW	$685M
Capital Expenditure	-$67M
Acquisitions (Net)	$0
Purchases of Investments	-$610M
Sales/Maturities of Investments	$667M
Other Investing Activities	-$7M
NET CASH FROM INVESTING	-$11M
Net Debt Issuance	$0
Common Stock Repurchased	-$607M
Common Dividends Paid	$0
Other Financing Activities	$50M
NET CASH FROM FINANCING	-$557M
FREE CASH FLOW	$617M
Net Change in Cash	$109M

Balance Sheet

Item	Amount
Cash & Equivalents	$390M
Short-Term Investments	$384M
Net Receivables	$279M
Inventory	$34M
Other Current Assets	$101M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$96M
Goodwill	$556M
Intangible Assets	$59M
Long-Term Investments	$399M
Tax Assets	$6M
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$2.3B
Account Payables	$51M
Short-Term Debt	$0
Deferred Revenue	$574M
Other Current Liabilities	$16M
TOTAL CURRENT LIABILITIES	$755M
Long-Term Debt	$0
Deferred Revenue NC	$209M
Deferred Tax Liabilities	$901.0K
Other Non-Current Liabilities	$30M
TOTAL NON-CURRENT LIABILITIES	$240M
TOTAL LIABILITIES	$996M
Common Stock	$10M
Additional Paid-In Capital	$0
Retained Earnings	$1.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$0
Net Debt	-$390M