F5 (FFIV) FY2015 results: revenue $1.9 billion, up 10.8% on the year
F5, Inc. (FFIV) reported revenue of $1.9 billion for fiscal 2015, the year ended 30 September 2015, up 10.8% on the year before. Net income was $365 million, up 17.3%, and diluted earnings per share $5.03. The figures are the company's own, from the 10-K it filed with the SEC on 6 November 2015.
Revenue
$1.9 billion
+10.8% on the year
FY2008FY2015
Operating margin
28.8%
28.5% a year earlier
FY2008FY2015
Net income
$365 million
+17.3% on the year
FY2008FY2015
Diluted EPS
$5.03
+23.0% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,920
1,732
1,481
+10.8%
Cost of revenue
332
310
253
+7.2%
Gross profit
1,588
1,422
1,228
+11.6%
Gross margin
82.7%
82.1%
82.9%
Research and development
297
264
210
+12.4%
Operating income
553
494
431
+12.0%
Operating margin
28.8%
28.5%
29.1%
Pre-tax income
561
497
438
+12.9%
Income tax
196
186
161
+5.5%
Effective tax rate
35.0%
37.4%
36.7%
Net income
365
311
277
+17.3%
Net margin
19.0%
18.0%
18.7%
Diluted EPS
$5.03
$4.09
$3.50
+23.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
685
549
500
+24.7%
Capital expenditure
60.3
22.7
26.6
+165.5%
Free cash flow
624
526
473
+18.6%
Free cash flow margin
32.5%
30.4%
31.9%
Cash from investing
-10.7
151
-352
Cash from financing
-557
-605
-166
Depreciation and amortisation
52.6
46.1
40.0
+14.0%
Share-based compensation
146
127
104
+14.5%
Buybacks
607
651
200
-6.7%
Diluted shares, weighted
73m
76m
79m
-4.7%
Shares outstanding at period end
70m
73m
78m
-4.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,317
1,369
1,539
-3.8%
Debt
0.0
0.0
0.0
Other liabilities
996
816
692
+22.1%
Total liabilities and equity
2,312
2,185
2,231
+5.8%
Fixed assets
95.9
66.8
63.5
+43.6%
Goodwill
556
557
524
-0.2%
Intangible assets
58.8
65.3
68.1
-9.9%
Investments
782
847
1,081
-7.7%
Cash and equivalents
390
282
190
+38.7%
Receivables
279
242
204
+15.4%
Inventory
33.7
24.5
19.0
+37.8%
Other assets
116
101
80.8
+15.4%
Total assets
2,312
2,185
2,231
+5.8%
10-K for the year ended 30 September 2015, filed 6 November 2015: the filing.