F5 Inc
NASDAQ:FFIV
Income Statement
Earnings Waterfall
F5 Inc
Revenue
|
2.8B
USD
|
Cost of Revenue
|
-574.7m
USD
|
Gross Profit
|
2.2B
USD
|
Operating Expenses
|
-1.6B
USD
|
Operating Income
|
610.9m
USD
|
Other Expenses
|
-150m
USD
|
Net Income
|
460.9m
USD
|
Income Statement
F5 Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 522
N/A
|
1 592
+5%
|
1 662
+4%
|
1 732
+4%
|
1 788
+3%
|
1 841
+3%
|
1 884
+2%
|
1 920
+2%
|
1 947
+1%
|
1 958
+1%
|
1 971
+1%
|
1 995
+1%
|
2 022
+1%
|
2 056
+2%
|
2 077
+1%
|
2 090
+1%
|
2 097
+0%
|
2 112
+1%
|
2 137
+1%
|
2 161
+1%
|
2 182
+1%
|
2 194
+1%
|
2 215
+1%
|
2 242
+1%
|
2 268
+1%
|
2 307
+2%
|
2 326
+1%
|
2 351
+1%
|
2 406
+2%
|
2 468
+3%
|
2 536
+3%
|
2 603
+3%
|
2 666
+2%
|
2 655
0%
|
2 678
+1%
|
2 696
+1%
|
2 709
+0%
|
2 778
+3%
|
2 806
+1%
|
2 813
+0%
|
2 805
0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(265)
|
(280)
|
(295)
|
(310)
|
(317)
|
(323)
|
(330)
|
(332)
|
(339)
|
(338)
|
(337)
|
(337)
|
(337)
|
(342)
|
(348)
|
(354)
|
(356)
|
(357)
|
(359)
|
(362)
|
(361)
|
(359)
|
(359)
|
(357)
|
(359)
|
(372)
|
(387)
|
(408)
|
(434)
|
(457)
|
(472)
|
(487)
|
(509)
|
(511)
|
(521)
|
(540)
|
(560)
|
(589)
|
(600)
|
(593)
|
(575)
|
|
Gross Profit |
1 257
N/A
|
1 312
+4%
|
1 367
+4%
|
1 422
+4%
|
1 472
+4%
|
1 517
+3%
|
1 554
+2%
|
1 588
+2%
|
1 608
+1%
|
1 620
+1%
|
1 634
+1%
|
1 658
+1%
|
1 685
+2%
|
1 714
+2%
|
1 730
+1%
|
1 737
+0%
|
1 742
+0%
|
1 755
+1%
|
1 778
+1%
|
1 800
+1%
|
1 821
+1%
|
1 834
+1%
|
1 856
+1%
|
1 886
+2%
|
1 910
+1%
|
1 935
+1%
|
1 940
+0%
|
1 943
+0%
|
1 972
+1%
|
2 011
+2%
|
2 064
+3%
|
2 117
+3%
|
2 157
+2%
|
2 144
-1%
|
2 157
+1%
|
2 156
0%
|
2 150
0%
|
2 189
+2%
|
2 207
+1%
|
2 220
+1%
|
2 231
+0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(826)
|
(862)
|
(896)
|
(929)
|
(955)
|
(978)
|
(1 002)
|
(1 035)
|
(1 056)
|
(1 077)
|
(1 093)
|
(1 101)
|
(1 131)
|
(1 136)
|
(1 151)
|
(1 160)
|
(1 173)
|
(1 169)
|
(1 179)
|
(1 191)
|
(1 214)
|
(1 228)
|
(1 298)
|
(1 361)
|
(1 413)
|
(1 498)
|
(1 517)
|
(1 518)
|
(1 575)
|
(1 603)
|
(1 648)
|
(1 672)
|
(1 710)
|
(1 717)
|
(1 719)
|
(1 738)
|
(1 760)
|
(1 768)
|
(1 733)
|
(1 682)
|
(1 620)
|
|
Selling, General & Administrative |
(599)
|
(620)
|
(641)
|
(665)
|
(686)
|
(701)
|
(717)
|
(738)
|
(749)
|
(758)
|
(765)
|
(767)
|
(782)
|
(793)
|
(803)
|
(809)
|
(811)
|
(817)
|
(822)
|
(825)
|
(823)
|
(832)
|
(880)
|
(953)
|
(1 001)
|
(1 073)
|
(1 093)
|
(1 077)
|
(1 115)
|
(1 122)
|
(1 149)
|
(1 173)
|
(1 192)
|
(1 193)
|
(1 189)
|
(1 195)
|
(1 205)
|
(1 207)
|
(1 182)
|
(1 142)
|
(1 102)
|
|
Research & Development |
(225)
|
(240)
|
(253)
|
(264)
|
(270)
|
(277)
|
(284)
|
(297)
|
(308)
|
(319)
|
(328)
|
(334)
|
(340)
|
(343)
|
(349)
|
(350)
|
(349)
|
(351)
|
(357)
|
(366)
|
(372)
|
(378)
|
(400)
|
(408)
|
(412)
|
(425)
|
(424)
|
(441)
|
(460)
|
(481)
|
(498)
|
(500)
|
(519)
|
(524)
|
(530)
|
(543)
|
(555)
|
(561)
|
(551)
|
(540)
|
(518)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
|
Other Operating Expenses |
(3)
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
(19)
|
(19)
|
(19)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
|
Operating Income |
431
N/A
|
449
+4%
|
471
+5%
|
494
+5%
|
517
+5%
|
539
+4%
|
553
+3%
|
553
+0%
|
552
0%
|
542
-2%
|
541
0%
|
557
+3%
|
554
0%
|
578
+4%
|
578
+0%
|
577
0%
|
568
-2%
|
587
+3%
|
599
+2%
|
609
+2%
|
607
0%
|
607
0%
|
557
-8%
|
525
-6%
|
497
-5%
|
438
-12%
|
422
-3%
|
425
+1%
|
397
-7%
|
408
+3%
|
416
+2%
|
444
+7%
|
447
+1%
|
427
-4%
|
438
+3%
|
418
-5%
|
390
-7%
|
421
+8%
|
474
+13%
|
538
+14%
|
611
+14%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
4
|
0
|
0
|
0
|
8
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
12
|
0
|
0
|
0
|
13
|
0
|
0
|
0
|
23
|
0
|
0
|
0
|
4
|
(1)
|
(2)
|
(4)
|
(7)
|
(9)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
(8)
|
(9)
|
0
|
0
|
(1)
|
(13)
|
0
|
(13)
|
(13)
|
(18)
|
0
|
0
|
0
|
(6)
|
(14)
|
(14)
|
(14)
|
(33)
|
(9)
|
(50)
|
(50)
|
(50)
|
(56)
|
(16)
|
(16)
|
(14)
|
(9)
|
(9)
|
(65)
|
(65)
|
(65)
|
|
Total Other Income |
6
|
4
|
2
|
0
|
6
|
9
|
9
|
0
|
7
|
4
|
4
|
3
|
4
|
5
|
7
|
0
|
11
|
13
|
12
|
0
|
18
|
23
|
25
|
0
|
21
|
13
|
9
|
0
|
0
|
0
|
0
|
0
|
0
|
(10)
|
(14)
|
(18)
|
(11)
|
(7)
|
3
|
13
|
19
|
|
Pre-Tax Income |
437
N/A
|
453
+4%
|
474
+4%
|
497
+5%
|
523
+5%
|
548
+5%
|
562
+2%
|
561
0%
|
559
0%
|
538
-4%
|
537
0%
|
550
+2%
|
558
+1%
|
583
+4%
|
585
+0%
|
576
-2%
|
580
+1%
|
586
+1%
|
598
+2%
|
604
+1%
|
625
+3%
|
629
+1%
|
582
-7%
|
541
-7%
|
503
-7%
|
437
-13%
|
417
-5%
|
396
-5%
|
386
-3%
|
355
-8%
|
361
+2%
|
387
+7%
|
382
-1%
|
402
+5%
|
409
+2%
|
385
-6%
|
370
-4%
|
406
+10%
|
411
+1%
|
486
+18%
|
564
+16%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(161)
|
(171)
|
(180)
|
(186)
|
(191)
|
(200)
|
(200)
|
(196)
|
(193)
|
(182)
|
(183)
|
(184)
|
(188)
|
(195)
|
(191)
|
(155)
|
(146)
|
(136)
|
(123)
|
(129)
|
(126)
|
(124)
|
(114)
|
(113)
|
(108)
|
(96)
|
(92)
|
(89)
|
(89)
|
(76)
|
(63)
|
(56)
|
(45)
|
(52)
|
(66)
|
(63)
|
(69)
|
(79)
|
(79)
|
(91)
|
(104)
|
|
Income from Continuing Operations |
276
|
282
|
293
|
311
|
332
|
348
|
362
|
365
|
366
|
355
|
354
|
366
|
370
|
388
|
394
|
421
|
434
|
450
|
475
|
475
|
499
|
505
|
468
|
428
|
395
|
341
|
325
|
307
|
297
|
279
|
298
|
331
|
337
|
350
|
344
|
322
|
301
|
326
|
332
|
395
|
461
|
|
Net Income (Common) |
276
N/A
|
282
+2%
|
293
+4%
|
311
+6%
|
332
+7%
|
348
+5%
|
362
+4%
|
365
+1%
|
366
+0%
|
355
-3%
|
354
0%
|
366
+3%
|
370
+1%
|
388
+5%
|
394
+2%
|
421
+7%
|
415
-1%
|
431
+4%
|
456
+6%
|
454
-1%
|
496
+9%
|
503
+1%
|
466
-7%
|
428
-8%
|
395
-8%
|
341
-14%
|
325
-5%
|
307
-5%
|
297
-3%
|
279
-6%
|
298
+7%
|
331
+11%
|
337
+2%
|
350
+4%
|
344
-2%
|
322
-6%
|
301
-7%
|
326
+8%
|
332
+2%
|
395
+19%
|
461
+17%
|
|
EPS (Diluted) |
3.54
N/A
|
3.7
+5%
|
3.88
+5%
|
4.09
+5%
|
4.49
+10%
|
4.79
+7%
|
5.02
+5%
|
5.03
+0%
|
5.23
+4%
|
5.24
+0%
|
5.26
+0%
|
5.38
+2%
|
5.64
+5%
|
5.96
+6%
|
6.11
+3%
|
6.5
+6%
|
6.62
+2%
|
6.94
+5%
|
7.4
+7%
|
7.31
-1%
|
8.18
+12%
|
8.37
+2%
|
7.72
-8%
|
7.08
-8%
|
6.5
-8%
|
5.57
-14%
|
5.28
-5%
|
5.01
-5%
|
4.76
-5%
|
4.47
-6%
|
4.85
+9%
|
5.34
+10%
|
5.45
+2%
|
5.7
+5%
|
5.67
-1%
|
5.27
-7%
|
4.97
-6%
|
5.39
+8%
|
5.5
+2%
|
6.55
+19%
|
7.72
+18%
|