F5 (FFIV) FY2016 results: revenue $2.0 billion, up 3.9% on the year
F5, Inc. (FFIV) reported revenue of $2.0 billion for fiscal 2016, the year ended 30 September 2016, up 3.9% on the year before. Net income was $366 million, up 0.2%, and diluted earnings per share $5.38. The figures are the company's own, from the 10-K it filed with the SEC on 4 November 2016.
Revenue
$2.0 billion
+3.9% on the year
FY2009FY2016
Operating margin
27.4%
28.8% a year earlier
FY2009FY2016
Net income
$366 million
+0.2% on the year
FY2009FY2016
Diluted EPS
$5.38
+7.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,995
1,920
1,732
+3.9%
Cost of revenue
337
332
310
+1.5%
Gross profit
1,658
1,588
1,422
+4.4%
Gross margin
83.1%
82.7%
82.1%
Research and development
334
297
264
+12.7%
Operating income
547
553
494
-1.0%
Operating margin
27.4%
28.8%
28.5%
Pre-tax income
550
561
497
-2.0%
Income tax
184
196
186
-6.3%
Effective tax rate
33.5%
35.0%
37.4%
Net income
366
365
311
+0.2%
Net margin
18.3%
19.0%
18.0%
Diluted EPS
$5.38
$5.03
$4.09
+7.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
712
685
549
+3.9%
Capital expenditure
63.5
60.3
22.7
+5.3%
Free cash flow
648
624
526
+3.8%
Free cash flow margin
32.5%
32.5%
30.4%
Cash from investing
62.7
-10.7
151
Cash from financing
-653
-557
-605
Depreciation and amortisation
56.8
52.6
46.1
+8.0%
Share-based compensation
157
146
127
+7.7%
Buybacks
700
607
651
+15.4%
Diluted shares, weighted
68m
73m
76m
-6.3%
Shares outstanding at period end
65m
70m
73m
-6.9%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,185
1,317
1,369
-10.0%
Debt
0.0
0.0
0.0
Other liabilities
1,121
996
816
+12.6%
Total liabilities and equity
2,306
2,312
2,185
-0.3%
Fixed assets
123
95.9
66.8
+28.5%
Goodwill
556
556
557
0.0%
Intangible assets
50.5
58.8
65.3
-14.1%
Investments
644
782
847
-17.6%
Cash and equivalents
515
390
282
+31.8%
Receivables
268
279
242
-4.0%
Inventory
34.1
33.7
24.5
+1.0%
Other assets
116
116
101
-0.7%
Total assets
2,306
2,312
2,185
-0.3%
10-K for the year ended 30 September 2016, filed 4 November 2016: the filing.