FFIV FY 2019 Earnings Report — F5, Inc. Revenue & Financial Results | Market Cap Arena

FY 2019 Earnings

Reported November 15, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$2.2B	—	$2.2B	—	3.7%
Op. Income	$518M	—	$609M	—	-14.9%
Gross Margin	84.1%	—	83.3%	—	0.8pp
Net Margin	19.1%	—	21.0%	—	-1.9pp
EPS (Diluted)	$7.08	—	$7.32	—	-3.3%
Free Cash Flow	$644M	—	$708M	—	-8.9%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$357M
GROSS PROFIT	$1.9B
R&D Expenses	$408M
Selling & Marketing	$749M
General & Administrative	$211M
SG&A Expenses	$959M
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$1.7B
OPERATING INCOME	$518M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$23M
INCOME BEFORE TAX	$541M
Income Tax Expense	$113M
Net Income from Continuing Ops	$428M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$428M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$428M
D&A	$69M
EBIT	$518M
EBITDA	$587M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$357M
GROSS PROFIT	$1.9B
R&D Expenses	$408M
Selling & Marketing	$749M
General & Administrative	$211M
SG&A Expenses	$959M
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$1.7B
OPERATING INCOME	$518M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$23M
INCOME BEFORE TAX	$541M
Income Tax Expense	$113M
Net Income from Continuing Ops	$428M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$428M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$428M
D&A	$69M
EBIT	$518M
EBITDA	$587M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$428M
Depreciation & Amortization	$69M
Stock-Based Compensation	$163M
Deferred Income Tax	$7M
Other Non-Cash Items	$16M
Change in Working Capital	$65M
OPERATING CASH FLOW	$748M
Capital Expenditure	-$104M
Acquisitions (Net)	-$612M
Purchases of Investments	-$603M
Sales/Maturities of Investments	$903M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$415M
Net Debt Issuance	$0
Common Stock Repurchased	-$201M
Common Dividends Paid	$0
Other Financing Activities	$46M
NET CASH FROM FINANCING	-$155M
FREE CASH FLOW	$644M
Net Change in Cash	$176M

Balance Sheet

Item	Amount
Cash & Equivalents	$599M
Short-Term Investments	$373M
Net Receivables	$401M
Inventory	$34M
Other Current Assets	$54M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$223M
Goodwill	$1.1B
Intangible Assets	$109M
Long-Term Investments	$415M
Tax Assets	$28M
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$3.4B
Account Payables	$63M
Short-Term Debt	$0
Deferred Revenue	$807M
Other Current Liabilities	$97M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$0
Deferred Revenue NC	$391M
Deferred Tax Liabilities	$313.0K
Other Non-Current Liabilities	$132M
TOTAL NON-CURRENT LIABILITIES	$523M
TOTAL LIABILITIES	$1.6B
Common Stock	$143M
Additional Paid-In Capital	$0
Retained Earnings	$1.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$19M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$0
Net Debt	-$599M