FFIV FY 2021 Earnings Report — F5, Inc. Revenue & Financial Results | Market Cap Arena

FY 2021 Earnings

Reported November 16, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.4B	—	10.7%
Op. Income	$394M	—	$392M	—	0.4%
Gross Margin	81.1%	—	82.6%	—	-1.6pp
Net Margin	12.7%	—	13.1%	—	-0.4pp
EPS (Diluted)	$5.34	—	$5.01	—	6.6%
Free Cash Flow	$615M	—	$601M	—	2.3%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$493M
GROSS PROFIT	$2.1B
R&D Expenses	$513M
Selling & Marketing	$930M
General & Administrative	$274M
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$2.2B
OPERATING INCOME	$394M
Interest Income	$3M
Interest Expense	$0
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$387M
Income Tax Expense	$56M
Net Income from Continuing Ops	$331M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$331M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$331M
D&A	$115M
EBIT	$394M
EBITDA	$509M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$493M
GROSS PROFIT	$2.1B
R&D Expenses	$513M
Selling & Marketing	$930M
General & Administrative	$274M
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$2.2B
OPERATING INCOME	$394M
Interest Income	$3M
Interest Expense	$0
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$387M
Income Tax Expense	$56M
Net Income from Continuing Ops	$331M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$331M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$331M
D&A	$115M
EBIT	$394M
EBITDA	$509M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$331M
Depreciation & Amortization	$115M
Stock-Based Compensation	$243M
Deferred Income Tax	-$77M
Other Non-Cash Items	$80M
Change in Working Capital	-$48M
OPERATING CASH FLOW	$645M
Capital Expenditure	-$31M
Acquisitions (Net)	-$411M
Purchases of Investments	-$472M
Sales/Maturities of Investments	$469M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$445M
Net Debt Issuance	-$20M
Common Stock Repurchased	-$500M
Common Dividends Paid	$0
Other Financing Activities	$52M
NET CASH FROM FINANCING	-$468M
FREE CASH FLOW	$615M
Net Change in Cash	-$268M

Balance Sheet

Item	Amount
Cash & Equivalents	$581M
Short-Term Investments	$330M
Net Receivables	$556M
Inventory	$22M
Other Current Assets	$29M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$436M
Goodwill	$2.2B
Intangible Assets	$237M
Long-Term Investments	$295M
Tax Assets	$128M
Other Non-Current Assets	$107M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$5.0B
Account Payables	$62M
Short-Term Debt	$69M
Deferred Revenue	$969M
Other Current Liabilities	$69M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$647M
Deferred Revenue NC	$521M
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	-$222M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$2.6B
Common Stock	$192M
Additional Paid-In Capital	$0
Retained Earnings	$2.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$20M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.4B
Minority Interest	$0
TOTAL EQUITY	$2.4B
TOTAL LIABILITIES & EQUITY	$5.0B
Total Debt	$1.0B
Net Debt	$431M