F5 (FFIV) FY2018 results: revenue $2.2 billion, up 3.4% on the year
F5, Inc. (FFIV) reported revenue of $2.2 billion for fiscal 2018, the year ended 30 September 2018, up 3.4% on the year before. Net income was $454 million, up 7.8%, and diluted earnings per share $7.32. The figures are the company's own, from the 10-K it filed with the SEC on 15 November 2019.
Revenue
$2.2 billion
+3.4% on the year
FY2011FY2018
Operating margin
27.3%
27.0% a year earlier
FY2011FY2018
Net income
$454 million
+7.8% on the year
FY2011FY2018
Diluted EPS
$7.32
+12.6% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
2,161
2,090
1,995
+3.4%
Cost of revenue
361
353
337
+2.3%
Gross profit
1,800
1,737
1,658
+3.6%
Gross margin
83.3%
83.1%
83.1%
Research and development
366
350
334
+4.5%
Operating income
591
564
547
+4.8%
Operating margin
27.3%
27.0%
27.4%
Pre-tax income
604
576
550
+4.9%
Income tax
150
155
184
-3.0%
Effective tax rate
24.9%
26.9%
33.5%
Net income
454
421
366
+7.8%
Net margin
21.0%
20.1%
18.3%
Diluted EPS
$7.32
$6.50
$5.38
+12.6%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
761
740
712
+2.8%
Capital expenditure
53.5
38.7
63.5
+38.2%
Free cash flow
708
702
648
+0.9%
Free cash flow margin
32.7%
33.6%
32.5%
Cash from investing
-456
-32.2
62.7
Cash from financing
-551
-546
-653
Depreciation and amortisation
59.5
61.1
56.8
-2.7%
Share-based compensation
158
175
157
-10.0%
Buybacks
600
600
700
-0.0%
Diluted shares, weighted
62m
65m
68m
-4.3%
Shares outstanding at period end
60m
63m
65m
-3.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,285
1,229
1,185
+4.6%
Debt
0.0
0.0
0.0
Other liabilities
1,320
1,251
1,121
+5.5%
Total liabilities and equity
2,605
2,481
2,306
+5.0%
Fixed assets
145
122
123
+18.5%
Goodwill
556
556
556
0.0%
Intangible assets
31.3
42.6
50.5
-26.5%
Investments
1,026
629
644
+63.2%
Cash and equivalents
425
673
515
-36.9%
Receivables
295
292
268
+1.2%
Inventory
30.6
29.8
34.1
+2.5%
Other assets
96.7
136
116
-29.1%
Total assets
2,605
2,481
2,306
+5.0%
10-K for the year ended 30 September 2018, filed 15 November 2019: the filing.