F5 (FFIV) FY2017 results: revenue $2.1 billion, up 4.8% on the year
F5, Inc. (FFIV) reported revenue of $2.1 billion for fiscal 2017, the year ended 30 September 2017, up 4.8% on the year before. Net income was $421 million, up 15.0%, and diluted earnings per share $6.50. The figures are the company's own, from the 10-K it filed with the SEC on 15 November 2019.
Revenue
$2.1 billion
+4.8% on the year
FY2010FY2017
Operating margin
27.0%
27.4% a year earlier
FY2010FY2017
Net income
$421 million
+15.0% on the year
FY2010FY2017
Diluted EPS
$6.50
+20.8% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
2,090
1,995
1,920
+4.8%
Cost of revenue
353
337
332
+4.8%
Gross profit
1,737
1,658
1,588
+4.7%
Gross margin
83.1%
83.1%
82.7%
Research and development
350
334
297
+4.8%
Operating income
564
547
553
+3.0%
Operating margin
27.0%
27.4%
28.8%
Pre-tax income
576
550
561
+4.7%
Income tax
155
184
196
-15.9%
Effective tax rate
26.9%
33.5%
35.0%
Net income
421
366
365
+15.0%
Net margin
20.1%
18.3%
19.0%
Diluted EPS
$6.50
$5.38
$5.03
+20.8%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
740
712
685
+4.0%
Capital expenditure
38.7
63.5
60.3
-39.1%
Free cash flow
702
648
624
+8.3%
Free cash flow margin
33.6%
32.5%
32.5%
Cash from investing
-32.2
62.7
-10.7
Cash from financing
-546
-653
-557
Depreciation and amortisation
61.1
56.8
52.6
+7.7%
Share-based compensation
175
157
146
+11.8%
Buybacks
600
700
607
-14.3%
Diluted shares, weighted
65m
68m
73m
-4.7%
Shares outstanding at period end
63m
65m
70m
-4.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,229
1,185
1,317
+3.7%
Debt
0.0
0.0
0.0
Other liabilities
1,251
1,121
996
+11.6%
Total liabilities and equity
2,481
2,306
2,312
+7.6%
Fixed assets
122
123
95.9
-0.7%
Goodwill
556
556
556
0.0%
Intangible assets
42.6
50.5
58.8
-15.7%
Investments
629
644
782
-2.4%
Cash and equivalents
673
515
390
+30.8%
Receivables
292
268
279
+8.9%
Inventory
29.8
34.1
33.7
-12.4%
Other assets
136
116
116
+18.0%
Total assets
2,481
2,306
2,312
+7.6%
10-K for the year ended 30 September 2017, filed 15 November 2019: the filing.