FFIV FY 2020 Earnings Report — F5, Inc. Revenue & Financial Results | Market Cap Arena

FY 2020 Earnings

Reported November 19, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.2B	—	4.8%
Op. Income	$392M	—	$518M	—	-24.3%
Gross Margin	82.6%	—	84.1%	—	-1.4pp
Net Margin	13.1%	—	19.1%	—	-6.0pp
EPS (Diluted)	$5.01	—	$7.08	—	-29.2%
Free Cash Flow	$601M	—	$644M	—	-6.7%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$408M
GROSS PROFIT	$1.9B
R&D Expenses	$441M
Selling & Marketing	$843M
General & Administrative	$258M
SG&A Expenses	$1.1B
Other Expenses	$8M
Operating Expenses	$1.6B
Cost & Expenses	$2.0B
OPERATING INCOME	$392M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$4M
INCOME BEFORE TAX	$396M
Income Tax Expense	$89M
Net Income from Continuing Ops	$307M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$307M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$307M
D&A	$96M
EBIT	$400M
EBITDA	$496M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$408M
GROSS PROFIT	$1.9B
R&D Expenses	$441M
Selling & Marketing	$843M
General & Administrative	$258M
SG&A Expenses	$1.1B
Other Expenses	$8M
Operating Expenses	$1.6B
Cost & Expenses	$2.0B
OPERATING INCOME	$392M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$4M
INCOME BEFORE TAX	$396M
Income Tax Expense	$89M
Net Income from Continuing Ops	$307M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$307M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$307M
D&A	$96M
EBIT	$400M
EBITDA	$496M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$307M
Depreciation & Amortization	$96M
Stock-Based Compensation	$202M
Deferred Income Tax	$7M
Other Non-Cash Items	$51M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$661M
Capital Expenditure	-$60M
Acquisitions (Net)	-$956M
Purchases of Investments	-$584M
Sales/Maturities of Investments	$853M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$747M
Net Debt Issuance	$390M
Common Stock Repurchased	-$100M
Common Dividends Paid	$0
Other Financing Activities	$50M
NET CASH FROM FINANCING	$337M
FREE CASH FLOW	$601M
Net Change in Cash	$251M

Balance Sheet

Item	Amount
Cash & Equivalents	$850M
Short-Term Investments	$360M
Net Receivables	$434M
Inventory	$28M
Other Current Assets	$45M
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$530M
Goodwill	$1.9B
Intangible Assets	$226M
Long-Term Investments	$169M
Tax Assets	$45M
Other Non-Current Assets	$86M
TOTAL NON-CURRENT ASSETS	$2.9B
TOTAL ASSETS	$4.7B
Account Payables	$64M
Short-Term Debt	$65M
Deferred Revenue	$883M
Other Current Liabilities	$106M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$708M
Deferred Revenue NC	$389M
Deferred Tax Liabilities	$602.0K
Other Non-Current Liabilities	-$279M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$2.4B
Common Stock	$305M
Additional Paid-In Capital	$0
Retained Earnings	$1.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$19M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.2B
Minority Interest	$0
TOTAL EQUITY	$2.2B
TOTAL LIABILITIES & EQUITY	$4.7B
Total Debt	$1.1B
Net Debt	$262M