F5 INC
For the period ended Sep 30, 2024. Filed Nov 18, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Nov 18, 2024
FFIV$317.31-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Years Ended September 30, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating activities | |||
| Net income | $566,778 | $394,948 | $322,160 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Stock-based compensation | 219,108 | 236,650 | 249,216 |
| Depreciation and amortization | 106,991 | 112,702 | 115,609 |
| Non-cash operating lease costs | 33,041 | 38,528 | 38,735 |
| Deferred income taxes | (68,523) | (108,521) | (40,244) |
| Impairment of assets | — | 3,455 | 6,175 |
| Other | (962) | 1,372 | 1,267 |
| Changes in operating assets and liabilities (excluding effects of the acquisition of businesses): | |||
| Accounts receivable | 63,953 | 16,704 | (130,605) |
| Inventories | (40,504) | 32,491 | (46,310) |
| Other current assets | (14,038) | (64,959) | (144,628) |
| Other assets | (91,964) | 16,591 | (87,008) |
| Accounts payable and accrued liabilities | 40,368 | (63,100) | 19,163 |
| Deferred revenue | 22,838 | 81,741 | 191,147 |
| Lease liabilities | (44,667) | (45,193) | (52,046) |
| Net cash provided by operating activities | 792,419 | 653,409 | 442,631 |
| Investing activities | |||
| Purchases of investments | (2,100) | (1,789) | (61,284) |
| Maturities of investments | 6,237 | 111,330 | 260,357 |
| Sales of investments | — | 16,085 | 120,578 |
| Acquisition of businesses, net of cash acquired | (32,939) | (35,049) | (67,911) |
| Purchases of property and equipment | (30,412) | (54,184) | (33,624) |
| Net cash (used in) provided by investing activities | (59,214) | 36,393 | 218,116 |
| Financing activities | |||
| Proceeds from the exercise of stock options and purchases of stock under employee stock purchase plan | 55,079 | 59,959 | 64,540 |
| Payments for repurchase of common stock, including excise taxes | (500,558) | (350,049) | (500,023) |
| Payments on term debt agreement | — | (350,000) | (20,000) |
| Taxes paid related to net share settlement of equity awards | (11,523) | (13,209) | (21,025) |
| Net cash used in financing activities | (457,002) | (653,299) | (476,508) |
| Net increase in cash, cash equivalents and restricted cash | 276,203 | 36,503 | 184,239 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 1,302 | 2,125 | (6,365) |
| Cash, cash equivalents and restricted cash, beginning of year | 800,835 | 762,207 | 584,333 |
| Cash, cash equivalents and restricted cash, end of year | $1,078,340 | $800,835 | $762,207 |
| Years Ended September 30, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Supplemental disclosures of cash flow information | |||
| Cash paid for taxes, net of refunds | $181,635 | $191,569 | $110,036 |
| Cash paid for amounts included in the measurement of operating lease liabilities | 53,346 | 52,893 | 58,592 |
| Cash paid for interest on long-term debt | — | 2,970 | 7,981 |
| Supplemental disclosures of non-cash activities | |||
| Right-of-use assets obtained in exchange for lease obligations | $12,927 | $10,544 | $20,778 |
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