FFIV FY 2017 Earnings Report — F5, Inc. Revenue & Financial Results | Market Cap Arena

FY 2017 Earnings

Reported November 3, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$2.1B	—	$2.0B	—	4.8%
Op. Income	$564M	—	$547M	—	3.0%
Gross Margin	83.1%	—	83.1%	—	-0.0pp
Net Margin	20.1%	—	18.3%	—	1.8pp
EPS (Diluted)	$6.50	—	$5.38	—	20.8%
Free Cash Flow	$698M	—	$643M	—	8.4%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$353M
GROSS PROFIT	$1.7B
R&D Expenses	$350M
Selling & Marketing	$652M
General & Administrative	$157M
SG&A Expenses	$809M
Other Expenses	$13M
Operating Expenses	$1.2B
Cost & Expenses	$1.5B
OPERATING INCOME	$564M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$12M
INCOME BEFORE TAX	$576M
Income Tax Expense	$155M
Net Income from Continuing Ops	$421M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$421M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$421M
D&A	$61M
EBIT	$577M
EBITDA	$638M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$353M
GROSS PROFIT	$1.7B
R&D Expenses	$350M
Selling & Marketing	$652M
General & Administrative	$157M
SG&A Expenses	$809M
Other Expenses	$13M
Operating Expenses	$1.2B
Cost & Expenses	$1.5B
OPERATING INCOME	$564M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$12M
INCOME BEFORE TAX	$576M
Income Tax Expense	$155M
Net Income from Continuing Ops	$421M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$421M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$421M
D&A	$61M
EBIT	$577M
EBITDA	$638M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$421M
Depreciation & Amortization	$61M
Stock-Based Compensation	$175M
Deferred Income Tax	-$5M
Other Non-Cash Items	-$73.0K
Change in Working Capital	$88M
OPERATING CASH FLOW	$740M
Capital Expenditure	-$39M
Acquisitions (Net)	$0
Purchases of Investments	-$447M
Sales/Maturities of Investments	$457M
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$32M
Net Debt Issuance	$0
Common Stock Repurchased	-$600M
Common Dividends Paid	$0
Other Financing Activities	$54M
NET CASH FROM FINANCING	-$546M
FREE CASH FLOW	$698M
Net Change in Cash	$159M

Balance Sheet

Item	Amount
Cash & Equivalents	$673M
Short-Term Investments	$344M
Net Receivables	$292M
Inventory	$30M
Other Current Assets	$68M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$122M
Goodwill	$556M
Intangible Assets	$43M
Long-Term Investments	$296M
Tax Assets	$53M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$2.5B
Account Payables	$51M
Short-Term Debt	$0
Deferred Revenue	$696M
Other Current Liabilities	$63M
TOTAL CURRENT LIABILITIES	$935M
Long-Term Debt	$0
Deferred Revenue NC	$268M
Deferred Tax Liabilities	$63.0K
Other Non-Current Liabilities	$45M
TOTAL NON-CURRENT LIABILITIES	$313M
TOTAL LIABILITIES	$1.2B
Common Stock	$18M
Additional Paid-In Capital	$0
Retained Earnings	$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$18M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$0
Net Debt	-$673M