Metric	FY2017 Sep 2017	FY2018 Sep 2018	FY2019 Sep 2019	FY2020 Sep 2020	FY2021 Sep 2021	FY2022 Sep 2022	FY2023 Sep 2023	FY2024 Sep 2024	FY2025 Sep 2025	FY2026 Sep 2026
Cash & Cash Equivalents	673.2m	424.7m	599.2m	849.6m	581m	758m	797.2m	1.1B	1.3B	1.6B
Cash Equivalents	673.2m	424.7m	599.2m	849.6m	581m	758m	797.2m	1.1B	1.3B	1.6B
Short-Term Investments	343.7m	614.7m	373.1m	360.3m	329.6m	126.6m	6.2m	0	—	—
Total Receivables	291.9m	295.4m	401.4m	434.3m	555.9m	789.7m	828.9m	790.1m	912.7m	448.8m
Accounts Receivables	291.9m	295.4m	401.4m	434.3m	555.9m	789.7m	828.9m	790.1m	912.7m	448.8m
Other Receivables	0	0	0	0	0	0	0	0	0	0
Inventory	29.8m	30.6m	34.4m	27.9m	22.1m	68.4m	35.9m	76.4m	77.2m	261.9m
Other Current Assets	67.5m	52.3m	103.5m	121.4m	122.5m	169.6m	180.6m	168.4m	184.5m	844.4m
Total Current Assets	1.4B	1.4B	1.5B	1.8B	1.6B	1.9B	1.8B	2.1B	2.5B	3.1B
PP&E Net	122.4m	145m	223.4m	529.9m	436.1m	395.7m	365.9m	329.1m	342.5m	386.4m
PP&E Gross	122.4m	145m	223.4m	529.9m	436.1m	395.7m	365.9m	329.1m	342.5m	—
Accumulated Depreciation	(176m)	(189m)	(194.8m)	(240.2m)	(289.6m)	(301.4m)	(327.1m)	(358.6m)	(379.9m)	—
Intangible Assets	42.6m	31.3m	108.9m	225.9m	237.2m	200.3m	151m	111.6m	96.3m	—
Goodwill	556m	556m	1.1B	1.9B	2.2B	2.3B	2.3B	2.3B	2.4B	2.5B
Note Receivable	—	—	53.1m	62.4m	158.9m	224.8m	202.8m	278m	340.2m	—
Long-Term Investments	284.8m	411.2m	358.4m	102.9m	132.8m	9.5m	5.1m	8.6m	15.7m	25.8m
Other Long-Term Assets	64.5m	44.4m	69.5m	104.3m	204.7m	274.4m	386.1m	463.9m	562.2m	1B
Other Assets	556m	556m	1.1B	1.9B	2.2B	2.3B	2.3B	2.3B	2.4B	2.5B
Total Assets	2.5B	2.6B	3.4B	4.7B	5B	5.3B	5.2B	5.6B	6.3B	7.1B
Accounts Payable	50.8m	57.8m	62.6m	64.5m	62.1m	113.2m	63.3m	67.9m	84m	131.4m
Accrued Liabilities	171.9m	163.2m	204.1m	288.4m	297.4m	268.6m	248.4m	254.8m	271.3m	420.9m
Short-Term Debt	0	0	0	0	0	0	0	0	0	—
Current Portion of Long-Term Debt	—	—	—	19.3m	19.3m	349.8m	0	—	—	—
Other Current Liabilities	711.9m	733.5m	838.8m	916.2m	1B	1.1B	1.2B	1.2B	1.3B	1.3B
Deferred Revenue	696.4m	715.7m	807m	883.1m	968.7m	1.1B	1.1B	1.1B	1.2B	1.3B
Total Current Liabilities	934.5m	954.4m	1.1B	1.3B	1.4B	1.8B	1.5B	1.5B	1.6B	1.8B
Long-Term Debt	0	0	0	369m	349.8m	0	0	0	0	—
Deferred Income Tax	100k	0	300k	600k	2.4m	2.8m	4.6m	7.2m	1.9m	2.5m
Other Liabilities	312.5m	365.5m	522.9m	787.7m	893.4m	964.5m	970.7m	986.8m	1.1B	1.2B
Total Liabilities	1.2B	1.3B	1.6B	2.4B	2.6B	2.8B	2.4B	2.5B	2.7B	3.1B
Common Stock	17.6m	20.4m	142.6m	305.5m	192.5m	91m	24.4m	5.9m	42m	51.9m
Retained Earnings	1.2B	1.3B	1.6B	1.9B	2.2B	2.4B	2.8B	3.1B	3.6B	4B
Other Equity	(18m)	(22.2m)	(19.2m)	(18.7m)	(20.1m)	(26.2m)	(23.2m)	(20.9m)	(18.3m)	(19.9m)
Total Equity	1.2B	1.3B	1.8B	2.2B	2.4B	2.5B	2.8B	3.1B	3.6B	4B
Total Liabilities & Equity	2.5B	2.6B	3.4B	4.7B	5B	5.3B	5.2B	5.6B	6.3B	7.1B
Common Shares Outstanding	62.6m	60.2m	60.4m	61.1m	60.7m	59.9m	59.2m	58.1m	57.7m	56.8m

F5 Inc XMUN:FFV

A cash-generative model gaining operating leverage while cash conversion moderates

An R&D-intensive equipment business with cyclical margins and working-capital-driven cash flow

Rapidly scaling optical-component sales with expanding margins and cash generation

A capital-intensive cable maker with rising optical-communications earnings leverage

Continue FFV Research

F5 Inc
XMUN:FFV