$FFIV
F5, INC.

2020 Q4 Form 10-Q Financial Statement

#000104869521000009 Filed on February 05, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4
Revenue $624.6M $569.3M
YoY Change 9.72% 4.7%
Cost Of Revenue $115.0M $88.64M
YoY Change 29.71% 2.22%
Gross Profit $509.6M $480.7M
YoY Change 6.03% 5.17%
Gross Profit Margin 81.59% 84.43%
Selling, General & Admin $277.7M $254.5M
YoY Change 9.11% 23.08%
% of Gross Profit 54.49% 52.95%
Research & Development $114.2M $96.01M
YoY Change 18.94% 4.31%
% of Gross Profit 22.41% 19.97%
Depreciation & Amortization $27.66M $18.98M
YoY Change 45.74% 35.55%
% of Gross Profit 5.43% 3.95%
Operating Expenses $391.9M $358.3M
YoY Change 9.37% 19.91%
Operating Profit $117.7M $122.3M
YoY Change -3.75% -22.68%
Interest Expense -$600.0K
YoY Change
% of Operating Profit -0.51%
Other Income/Expense, Net -$683.0K $5.220M
YoY Change -113.08% -26.43%
Pretax Income $117.1M $127.6M
YoY Change -8.22% -22.84%
Income Tax $29.39M $29.03M
% Of Pretax Income 25.1% 22.76%
Net Earnings $87.68M $98.53M
YoY Change -11.01% -24.73%
Net Earnings / Revenue 14.04% 17.31%
Basic Earnings Per Share $1.43 $1.62
Diluted Earnings Per Share $1.41 $1.62
COMMON SHARES
Basic Shares Outstanding 61.44M shares 60.65M shares
Diluted Shares Outstanding 62.28M shares 60.82M shares

Balance Sheet

Concept 2020 Q4 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.373B $1.162B
YoY Change 18.16% 2.61%
Cash & Equivalents $1.027B $735.5M
Short-Term Investments $346.5M $426.8M
Other Short-Term Assets $283.3M $188.2M
YoY Change 50.55% 82.93%
Inventory $26.46M $32.38M
Prepaid Expenses $59.23M $55.17M
Receivables $346.7M $354.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.030B $1.737B
YoY Change 16.83% 7.28%
LONG-TERM ASSETS
Property, Plant & Equipment $215.6M $229.8M
YoY Change -6.16% 28.22%
Goodwill $1.864B $1.065B
YoY Change 74.95% 91.63%
Intangibles
YoY Change
Long-Term Investments $88.80M $312.0M
YoY Change -71.54% -24.58%
Other Assets $368.0M $197.9M
YoY Change 85.98% 94.23%
Total Long-Term Assets $2.870B $2.138B
YoY Change 34.22% 68.04%
TOTAL ASSETS
Total Short-Term Assets $2.030B $1.737B
Total Long-Term Assets $2.870B $2.138B
Total Assets $4.899B $3.875B
YoY Change 26.42% 34.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $57.54M $52.41M
YoY Change 9.8% -21.62%
Accrued Expenses $305.8M $250.4M
YoY Change 22.15% 35.73%
Deferred Revenue $936.6M $847.8M
YoY Change 10.49% 12.86%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $19.28M
YoY Change
Total Short-Term Liabilities $1.319B $1.151B
YoY Change 14.67% 9.81%
LONG-TERM LIABILITIES
Long-Term Debt $364.2M $0.00
YoY Change
Other Long-Term Liabilities $61.65M $62.61M
YoY Change -1.53% -23.15%
Total Long-Term Liabilities $1.179B $795.4M
YoY Change 48.17% 82.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.319B $1.151B
Total Long-Term Liabilities $1.179B $795.4M
Total Liabilities $2.498B $1.946B
YoY Change 28.36% 31.24%
SHAREHOLDERS EQUITY
Retained Earnings $2.033B $1.737B
YoY Change 17.08% 31.23%
Common Stock $386.2M $211.2M
YoY Change 82.86% 1490.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.402B $1.930B
YoY Change
Total Liabilities & Shareholders Equity $4.899B $3.875B
YoY Change 26.42% 34.01%

Cashflow Statement

Concept 2020 Q4 2019 Q4
OPERATING ACTIVITIES
Net Income $87.68M $98.53M
YoY Change -11.01% -24.73%
Depreciation, Depletion And Amortization $27.66M $18.98M
YoY Change 45.74% 35.55%
Cash From Operating Activities $137.4M $144.0M
YoY Change -4.62% -27.21%
INVESTING ACTIVITIES
Capital Expenditures $4.697M $22.30M
YoY Change -78.94% 5.98%
Acquisitions $1.247M $0.00
YoY Change
Other Investing Activities $25.30M -$7.100M
YoY Change -456.34% -81.93%
Cash From Investing Activities $20.64M -$29.40M
YoY Change -170.21% -51.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $5.000M $0.00
YoY Change
Cash From Financing Activities $17.72M $20.96M
YoY Change -15.48% -125.52%
NET CHANGE
Cash From Operating Activities $137.4M $144.0M
Cash From Investing Activities $20.64M -$29.40M
Cash From Financing Activities $17.72M $20.96M
Net Change In Cash $175.7M $135.6M
YoY Change 29.62% 145.01%
FREE CASH FLOW
Cash From Operating Activities $137.4M $144.0M
Capital Expenditures $4.697M $22.30M
Free Cash Flow $132.7M $121.7M
YoY Change 9.0% -31.17%

Facts In Submission

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<div style="margin-top:14pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Description of Business</span></div><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">F5 Networks, Inc. (the "Company") is a leading provider of multi-cloud application services which enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud. The Company's cloud, software, and hardware solutions enable its customers to deliver digital experiences to their customers faster, reliably, and at scale. The Company's enterprise-grade application services are available as cloud-based, software-as-a-service, and software-only solutions optimized for multi-cloud environments, with modules that can run independently, or as part of an integrated solution on its high-performance appliances. In connection with its solutions, the Company offers a broad range of professional services, including consulting, training, installation, maintenance, and other technical support services.</span></div>
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842000 shares
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1300000000 USD

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