F5 (FFIV) FY2021 results: revenue $2.6 billion, up 10.7% on the year
F5, Inc. (FFIV) reported revenue of $2.6 billion for fiscal 2021, the year ended 30 September 2021, up 10.7% on the year before. Net income was $331 million, up 7.7%, and diluted earnings per share $5.34. The figures are the company's own, from the 10-K it filed with the SEC on 16 November 2021.
Revenue
$2.6 billion
+10.7% on the year
FY2014FY2021
Operating margin
15.1%
16.7% a year earlier
FY2014FY2021
Net income
$331 million
+7.7% on the year
FY2014FY2021
Diluted EPS
$5.34
+6.6% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
645
661
748
-2.4%
Capital expenditure
30.7
59.9
104
-48.9%
Free cash flow
615
601
644
+2.3%
Free cash flow margin
23.6%
25.6%
28.7%
Cash from investing
-445
-747
-415
Cash from financing
-468
337
-155
Depreciation and amortisation
115
95.9
68.5
+20.4%
Share-based compensation
243
202
163
+20.5%
Buybacks
500
100
201
+399.9%
Diluted shares, weighted
62m
61m
60m
+1.1%
Shares outstanding at period end
61m
61m
60m
-0.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,360
2,232
1,761
+5.7%
Debt
369
388
0.0
-5.0%
Operating lease liabilities
297
339
0.0
-12.3%
Other liabilities
1,971
1,719
1,629
+14.7%
Total liabilities and equity
4,997
4,678
3,390
+6.8%
Fixed assets
191
229
223
-16.6%
Goodwill
2,217
1,859
1,065
+19.2%
Intangible assets
237
226
109
+5.0%
Investments
462
463
731
-0.2%
Cash and equivalents
581
850
599
-31.6%
Receivables
341
296
322
+15.0%
Inventory
22.1
27.9
34.4
-20.9%
Other assets
946
727
305
+30.2%
Total assets
4,997
4,678
3,390
+6.8%
10-K for the year ended 30 September 2021, filed 16 November 2021: the filing.