F5 Networks, Inc. (FFIV) financial statements (2021 and earlier)
Company profile
| Business Address |
401 ELLIOTT AVENUE WEST SEATTLE, WA 98119 |
| State of Incorp. | WA |
| Fiscal Year End | September 30 |
| SIC | 3576 - Computer Communications Equipment (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 TTM | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,373 | 1,210 | 972 | 1,039 | 1,017 | 882 | 774 | ||
| Cash and cash equivalents | 1,027 | 850 | 599 | 425 | 673 | 515 | 390 | ||
| Short-term investments | 347 | 360 | 373 | 615 | 344 | 368 | 384 | ||
| Receivables | 347 | 296 | 322 | 295 | 292 | 268 | 279 | ||
| Inventory, net of allowances, customer advances and progress billings | 26 | 28 | 34 | 31 | 30 | 34 | 34 | ||
| Inventory | 26 | 28 | 34 | 31 | 30 | 34 | 34 | ||
| Other current assets | 283 | 260 | 183 | 52 | 68 | 53 | 51 | ||
| Other undisclosed current assets | 53 | 52 | 50 | ||||||
| Total current assets: | 2,030 | 1,793 | 1,512 | 1,418 | 1,459 | 1,289 | 1,188 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 286 | 301 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 216 | 229 | 223 | 145 | 122 | 123 | 96 | ||
| Long-term investments and receivables | 89 | 103 | 358 | 411 | 285 | 276 | 398 | ||
| Long-term investments | 89 | 103 | 358 | 411 | 285 | 276 | 398 | ||
| Intangible assets, net (including goodwill) | 1,864 | 1,859 | 1,065 | 587 | 556 | 556 | 615 | ||
| Goodwill | 1,864 | 1,859 | 1,065 | 556 | 556 | 556 | 556 | ||
| Intangible assets, net (excluding goodwill) | 31 | 59 | |||||||
| Restricted cash and investments | 1 | ||||||||
| Deferred income tax assets | 47 | 45 | 28 | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 368 | 347 | 204 | 42 | 54 | 60 | 68 | ||
| Other undisclosed noncurrent assets | 2 | 5 | 2 | (53) | |||||
| Total noncurrent assets: | 2,870 | 2,884 | 1,879 | 1,188 | 1,021 | 1,018 | 1,124 | ||
| TOTAL ASSETS: | 4,899 | 4,678 | 3,390 | 2,605 | 2,481 | 2,306 | 2,312 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 363 | 386 | 298 | 239 | 238 | 212 | 295 | ||
| Accounts payable | 58 | 64 | 63 | 58 | 51 | 34 | 51 | ||
| Accrued liabilities | 306 | 321 | 236 | 181 | 187 | 178 | 130 | ||
| Employee-related liabilities | 91 | ||||||||
| Taxes payable | 23 | ||||||||
| Deferred revenue | 937 | 883 | 807 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 19 | 19 | |||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 716 | 696 | 632 | 574 | ||
| Deferred tax liabilities | ✕ | ✕ | ✕ | 0 | |||||
| Other undisclosed current liabilities | (114) | ||||||||
| Total current liabilities: | 1,319 | 1,288 | 1,106 | 954 | 935 | 844 | 755 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 693 | 708 | |||||||
| Long-term debt, excluding current maturities | 364 | 369 | |||||||
| Operating lease, liability | 328 | 339 | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 486 | 450 | 523 | 366 | 317 | 277 | 240 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 300 | 268 | 238 | 209 | ||
| Deferred revenue | 422 | 389 | 391 | ✕ | ✕ | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 0 | 4 | 4 | 1 | ||
| Deferred income tax liabilities | 2 | 1 | ✕ | ✕ | ✕ | ✕ | |||
| Other liabilities | 62 | 60 | 132 | 66 | 45 | 34 | 30 | ||
| Other undisclosed noncurrent liabilities | 0 | ||||||||
| Total noncurrent liabilities: | 1,179 | 1,157 | 523 | 366 | 317 | 277 | 240 | ||
| Total liabilities: | 2,498 | 2,446 | 1,629 | 1,320 | 1,251 | 1,121 | 996 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 2,402 | 2,232 | 1,761 | 1,285 | 1,229 | 1,185 | 1,317 | ||
| Common stock | 386 | 305 | 143 | 20 | 18 | 13 | 10 | ||
| Accumulated other comprehensive loss | (18) | (19) | (19) | (22) | (18) | (13) | (15) | ||
| Retained earnings | 2,033 | 1,946 | 1,638 | 1,287 | 1,230 | 1,185 | 1,322 | ||
| Total stockholders' equity: | 2,402 | 2,232 | 1,761 | 1,285 | 1,229 | 1,185 | 1,317 | ||
| TOTAL LIABILITIES AND EQUITY: | 4,899 | 4,678 | 3,390 | 2,605 | 2,481 | 2,306 | 2,312 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 TTM | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,406 | 2,351 | 2,242 | 2,161 | 2,090 | 1,995 | 1,920 | |
| Revenue, net | ✕ | ✕ | ✕ | 2,161 | 2,090 | 1,995 | 1,920 | |
| Cost of revenue (Cost of Goods and Services Sold) | (434) | (408) | (357) | (361) | (353) | (337) | (332) | |
| Gross profit: | 1,972 | 1,943 | 1,886 | 1,800 | 1,737 | 1,658 | 1,588 | |
| Operating expenses | (1,584) | (1,551) | (1,367) | (1,209) | (1,173) | (1,110) | (1,035) | |
| Operating income: | 388 | 392 | 518 | 591 | 564 | 547 | 553 | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (2) | 4 | 23 | 13 | 12 | 3 | 8 | |
| Income from continuing operations before income taxes: | 386 | 396 | 541 | 604 | 576 | 550 | 561 | |
| Income tax expense | (89) | (89) | (113) | (150) | (155) | (184) | (196) | |
| Net income available to common stockholders, diluted: | 297 | 307 | 428 | 454 | 421 | 366 | 365 | |
Comprehensive Income ($ in millions)
| 12/31/2020 TTM | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 297 | 307 | 428 | 454 | 421 | 366 | 365 | |
| Other comprehensive income (loss) | 1 | 0 | 3 | (4) | (5) | 2 | (6) | |
| Comprehensive income, net of tax, attributable to parent: | 297 | 308 | 431 | 450 | 416 | 368 | 359 | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.