2024 Q4 Form 10-K Financial Statement

#000104869524000185 Filed on November 18, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024
Revenue $746.7M $2.816B
YoY Change 5.61% 0.1%
Cost Of Revenue $143.7M $557.6M
YoY Change 1.93% -6.01%
Gross Profit $603.0M $2.258B
YoY Change 6.53% 1.74%
Gross Profit Margin 80.75% 80.2%
Selling, General & Admin $288.0M $1.101B
YoY Change 8.1% -3.55%
% of Gross Profit 47.76% 48.75%
Research & Development $124.0M $490.1M
YoY Change -3.01% -9.28%
% of Gross Profit 20.56% 21.7%
Depreciation & Amortization $22.93M $107.0M
YoY Change -22.27% -5.07%
% of Gross Profit 3.8% 4.74%
Operating Expenses $411.9M $1.600B
YoY Change 4.5% -8.44%
Operating Profit $191.0M $658.6M
YoY Change 11.19% 39.36%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $12.49M $36.87M
YoY Change 302.87% 174.77%
Pretax Income $203.5M $695.5M
YoY Change 16.43% 43.1%
Income Tax $38.22M $128.7M
% Of Pretax Income 18.78% 18.5%
Net Earnings $165.3M $566.8M
YoY Change 8.68% 43.51%
Net Earnings / Revenue 22.14% 20.13%
Basic Earnings Per Share $9.65
Diluted Earnings Per Share $2.80 $9.55
COMMON SHARES
Basic Shares Outstanding 58.61M shares 58.28M shares 58.72M shares
Diluted Shares Outstanding 59.36M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.075B $1.075B
YoY Change 33.77% 33.77%
Cash & Equivalents $1.075B $1.075B
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $569.5M $168.4M
YoY Change 2.65% -6.78%
Inventory $76.38M $76.38M
Prepaid Expenses $93.47M
Receivables $389.0M $790.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.109B $2.109B
YoY Change 14.1% 14.1%
LONG-TERM ASSETS
Property, Plant & Equipment $150.9M $329.1M
YoY Change -11.43% -10.05%
Goodwill $2.312B
YoY Change 1.03%
Intangibles
YoY Change
Long-Term Investments $8.580M $8.580M
YoY Change 68.24% 68.24%
Other Assets $487.5M $463.9M
YoY Change 9.65% 20.16%
Total Long-Term Assets $3.504B $3.504B
YoY Change 3.06% 3.06%
TOTAL ASSETS
Total Short-Term Assets $2.109B $2.109B
Total Long-Term Assets $3.504B $3.504B
Total Assets $5.613B $5.613B
YoY Change 6.95% 6.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $67.89M $67.89M
YoY Change 7.23% 7.26%
Accrued Expenses $300.1M $254.8M
YoY Change 6.08% 2.59%
Deferred Revenue $1.122B
YoY Change -0.43%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.490B $1.490B
YoY Change 1.15% 1.14%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $94.73M $986.8M
YoY Change 14.73% 1.66%
Total Long-Term Liabilities $994.0M $986.8M
YoY Change 1.91% 1.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.490B $1.490B
Total Long-Term Liabilities $994.0M $986.8M
Total Liabilities $2.484B $2.484B
YoY Change 1.45% 1.45%
SHAREHOLDERS EQUITY
Retained Earnings $3.144B
YoY Change 12.34%
Common Stock $5.889M
YoY Change -75.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.129B $3.129B
YoY Change
Total Liabilities & Shareholders Equity $5.613B $5.613B
YoY Change 6.95% 6.95%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024
OPERATING ACTIVITIES
Net Income $165.3M $566.8M
YoY Change 8.68% 43.51%
Depreciation, Depletion And Amortization $22.93M $107.0M
YoY Change -22.27% -5.07%
Cash From Operating Activities $246.5M $792.4M
YoY Change 29.88% 21.27%
INVESTING ACTIVITIES
Capital Expenditures $6.060M $30.41M
YoY Change -60.65% -43.87%
Acquisitions $32.94M
YoY Change -6.02%
Other Investing Activities $317.0K -$28.80M
YoY Change -95.94% -131.79%
Cash From Investing Activities -$5.743M -$59.21M
YoY Change -24.43% -262.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $500.6M
YoY Change 43.0%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -101.9M -$457.0M
YoY Change 65.91% -30.05%
NET CHANGE
Cash From Operating Activities 246.5M $792.4M
Cash From Investing Activities -5.743M -$59.21M
Cash From Financing Activities -101.9M -$457.0M
Net Change In Cash 138.9M $276.2M
YoY Change 14.98% 656.66%
FREE CASH FLOW
Cash From Operating Activities $246.5M $792.4M
Capital Expenditures $6.060M $30.41M
Free Cash Flow $240.4M $762.0M
YoY Change 37.87% 27.17%

Facts In Submission

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CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
54184000 usd
CY2024 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-59214000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
36393000 usd
CY2024 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
55079000 usd
CY2023 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
59959000 usd
CY2024 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
500558000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
350049000 usd
CY2024 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 usd
CY2023 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
350000000 usd
CY2024 ffiv Cost Of Issuance Of Treasury Stock
CostOfIssuanceOfTreasuryStock
11523000 usd
CY2023 ffiv Cost Of Issuance Of Treasury Stock
CostOfIssuanceOfTreasuryStock
13209000 usd
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-457002000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-653299000 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
276203000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
36503000 usd
CY2024 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1302000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2125000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-6365000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
800835000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
762207000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
584333000 usd
CY2024 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
181635000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
191569000 usd
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
53346000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
52893000 usd
CY2024 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
2970000 usd
CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12927000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10544000 usd
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:14pt;text-indent:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates and Assumptions</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%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Examples of estimates and assumptions include: revenue recognition, identifying and evaluating the performance obligations of contracts, and the allocation of purchase consideration based on the relative fair value of standalone sales prices of these performance obligations; business combinations, including the determination of fair value for acquired developed technology assets and the evaluation and selection of significant assumptions such as revenue growth rate and technology migration curve; and the incremental borrowing rate for measuring lease obligations. Actual results may differ materially from management's estimates and assumptions.</span></div>
CY2024Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
993973000 usd
CY2023Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
975320000 usd
CY2024Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2023Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2024Q3 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2023Q3 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2023Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2024Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2023Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2023Q3 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2024Q3 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
58094000 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
58094000 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
59207000 shares
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
59207000 shares
CY2024Q3 us-gaap Common Stock Value
CommonStockValue
5889000 usd
CY2023Q3 us-gaap Common Stock Value
CommonStockValue
24399000 usd
CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-20912000 usd
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-23221000 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3144401000 usd
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2799054000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3129378000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2800232000 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5613004000 usd
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5248333000 usd
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2816120000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2813169000 usd
CY2023 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
593308000 usd
CY2024 us-gaap Operating Expenses
OperatingExpenses
1599882000 usd
CY2024 us-gaap Operating Income Loss
OperatingIncomeLoss
658591000 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
472568000 usd
CY2024 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
36874000 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
13420000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
695465000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
485988000 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
128687000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
91040000 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
566778000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
394948000 usd
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
9.65
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.59
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58720000 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59909000 shares
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
9.55
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.55
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59359000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60270000 shares
CY2024 us-gaap Net Income Loss
NetIncomeLoss
566778000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
394948000 usd
CY2024 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2227000 usd
CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1477000 usd
CY2024 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
18000 usd
CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
286000 usd
CY2024 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
82000 usd
CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2090000 usd
CY2024 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
0 usd
CY2023 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
78000 usd
CY2024 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 usd
CY2023 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
612000 usd
CY2024 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
82000 usd
CY2023 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
1478000 usd
CY2024 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2309000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2955000 usd
CY2024 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
569087000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
397903000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2360213000 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3613000 usd
CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
60927000 usd
CY2022 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
500023000 usd
CY2022 ffiv Cost Of Issuance Of Treasury Stock
CostOfIssuanceOfTreasuryStock
21025000 usd
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
249216000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6103000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2468978000 usd
CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1491000 usd
CY2023 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
58468000 usd
CY2023 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
350049000 usd
CY2023 ffiv Cost Of Issuance Of Treasury Stock
CostOfIssuanceOfTreasuryStock
13209000 usd
CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
236650000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
394948000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2955000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2800232000 usd
CY2024 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1475000 usd
CY2024 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
53604000 usd
CY2024 ffiv Repurchase Of Common Stock Including Excise Taxes
RepurchaseOfCommonStockIncludingExciseTaxes
502605000 usd
CY2024 ffiv Cost Of Issuance Of Treasury Stock
CostOfIssuanceOfTreasuryStock
11523000 usd
CY2024 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
219108000 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
566778000 usd
CY2024 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2309000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3129378000 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
566778000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
394948000 usd
CY2024 us-gaap Share Based Compensation
ShareBasedCompensation
219108000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
236650000 usd
CY2024 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
106991000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
112702000 usd
CY2024 ffiv Non Cash Operating Lease Costs
NonCashOperatingLeaseCosts
33041000 usd
CY2023 ffiv Non Cash Operating Lease Costs
NonCashOperatingLeaseCosts
38528000 usd
CY2024 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-68523000 usd
CY2023 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-108521000 usd
CY2024 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
3455000 usd
CY2024 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
962000 usd
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:14pt;text-indent:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk</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%">The Company extends credit to customers and is therefore subject to credit risk. The Company performs initial and ongoing credit evaluations of its customers’ financial condition and does not require collateral. An allowance for credit losses is recorded for any potential uncollectible amount. Estimates are used in determining the allowance for credit losses in accordance with the Accounts Receivable policy. See Note 15 - Segment Information, for disaggregated accounts receivable by significant customer.</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company maintains its cash and investment balances with high credit quality financial institutions.</span></div>
CY2024 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2024 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div style="margin-top:14pt;text-indent:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Guarantees and Product Warranties</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%">In the normal course of business to facilitate sales of its products, the Company indemnifies other parties, including customers, resellers, lessors, and parties to other transactions with the Company, with respect to certain matters. The Company has agreed to hold the other party harmless against losses arising from a breach of representations or covenants, or out of intellectual property infringement or other claims made against certain parties. These agreements may limit the time within which an indemnification claim can be made and the amount of the claim. The Company has entered into indemnification agreements with its officers and directors, and the Company’s bylaws contain similar indemnification obligations to the Company’s agents. It is not possible to determine the maximum potential amount under these indemnification agreements due </span></div><div style="margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company offers warranties of one year for hardware for those customers without service contracts, with the option of purchasing additional warranty coverage in yearly increments. The Company accrues for warranty costs as part of its cost of sales based on associated material product costs and technical support labor costs. Warranty expense and accrued warranty costs were not material for all periods presented.</span></div>
CY2024 us-gaap Advertising Expense
AdvertisingExpense
5400000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
8900000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
15400000 usd
CY2024 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2023Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
66468000 usd
CY2022Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
77220000 usd
CY2021Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
77836000 usd
CY2024 ffiv Capitalized Contract Cost Deferred Acquisition Costs
CapitalizedContractCostDeferredAcquisitionCosts
35173000 usd
CY2023 ffiv Capitalized Contract Cost Deferred Acquisition Costs
CapitalizedContractCostDeferredAcquisitionCosts
26960000 usd
CY2022 ffiv Capitalized Contract Cost Deferred Acquisition Costs
CapitalizedContractCostDeferredAcquisitionCosts
37897000 usd
CY2024 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
35383000 usd
CY2023 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
37712000 usd
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
38513000 usd
CY2024Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
66258000 usd
CY2023Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
66468000 usd
CY2022Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
77220000 usd
CY2024 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
35400000 usd
CY2023 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
37700000 usd
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
38500000 usd
CY2023 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 usd
CY2024 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 usd
CY2022 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 usd
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1775121000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1691580000 usd
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1489842000 usd
CY2024 ffiv Contractwith Customer Liability Revenue Recognized But Not Yet Billed
ContractwithCustomerLiabilityRevenueRecognizedButNotYetBilled
1179350000 usd
CY2023 ffiv Contractwith Customer Liability Revenue Recognized But Not Yet Billed
ContractwithCustomerLiabilityRevenueRecognizedButNotYetBilled
1162698000 usd
CY2022 ffiv Contractwith Customer Liability Revenue Recognized But Not Yet Billed
ContractwithCustomerLiabilityRevenueRecognizedButNotYetBilled
1167143000 usd
CY2024 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
0 usd
CY2023 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
1800000 usd
CY2022 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
10591000 usd
CY2024 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-1156512000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-1080957000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-975996000 usd
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1797959000 usd
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1775121000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1691580000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1800000000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.624
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.232
CY2024Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
437273000 usd
CY2024Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2024Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
437273000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
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CY2023Q3 us-gaap Restricted Cash
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
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CY2024Q3 us-gaap Operating Lease Liability
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249564000 usd
CY2024 us-gaap Sublease Income
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CY2024 us-gaap Deferred Income Tax Expense Benefit
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CY2024 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2024 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2022 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2024 us-gaap Income Tax Expense Benefit
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CY2023Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2024Q3 us-gaap Deferred Tax Assets In Process Research And Development
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CY2023Q3 us-gaap Deferred Tax Assets In Process Research And Development
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