F5, INC.
For the period ended Sep 30, 2025. Filed Nov 25, 2025.
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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.
FY2025 · Filed Nov 25, 2025
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, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Operating activities | |||
| Net income | $692,380 | $566,778 | $394,948 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Stock-based compensation | 231,491 | 219,108 | 236,650 |
| Depreciation and amortization | 92,399 | 106,991 | 112,702 |
| Non-cash operating lease costs | 31,503 | 33,041 | 38,528 |
| Deferred income taxes | (72,176) | (68,523) | (108,521) |
| Impairment of assets | — | — | 3,455 |
| Other | 5,615 | (962) | 1,372 |
| Changes in operating assets and liabilities (excluding effects of the acquisition of businesses): | |||
| Accounts receivable | (28,411) | 63,953 | 16,704 |
| Inventories | (851) | (40,504) | 32,491 |
| Other current assets | (103,628) | (14,038) | (64,959) |
| Other assets | (91,980) | (91,964) | 16,591 |
| Accounts payable and accrued liabilities | 28,899 | 40,368 | (63,100) |
| Deferred revenue | 200,489 | 22,838 | 81,741 |
| Lease liabilities | (36,064) | (44,667) | (45,193) |
| Net cash provided by operating activities | 949,666 | 792,419 | 653,409 |
| Investing activities | |||
| Purchases of investments | (5,720) | (2,100) | (1,789) |
| Maturities of investments | 548 | 6,237 | 111,330 |
| Sales of investments | — | — | 16,085 |
| Acquisition of businesses, net of cash acquired | (171,059) | (32,939) | (35,049) |
| Purchases of property and equipment | (43,260) | (30,412) | (54,184) |
| Net cash (used in) provided by investing activities | (219,491) | (59,214) | 36,393 |
| Financing activities | |||
| Proceeds from the exercise of stock options and purchases of stock under employee stock purchase plan | 59,151 | 55,079 | 59,959 |
| Payments for repurchase of common stock, including excise taxes | (502,085) | (500,558) | (350,049) |
| Payments on term debt agreement | — | — | (350,000) |
| Taxes paid related to net share settlement of equity awards | (21,881) | (11,523) | (13,209) |
| Net cash used in financing activities | (464,815) | (457,002) | (653,299) |
| Net increase in cash, cash equivalents and restricted cash | 265,360 | 276,203 | 36,503 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 2,668 | 1,302 | 2,125 |
| Cash, cash equivalents and restricted cash, beginning of year | 1,078,340 | 800,835 | 762,207 |
| Cash, cash equivalents and restricted cash, end of year | $1,346,368 | $1,078,340 | $800,835 |
| Years Ended September 30, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Supplemental disclosures of cash flow information | |||
| Cash paid for taxes, net of refunds | $205,717 | $181,635 | $191,569 |
| Cash paid for amounts included in the measurement of operating lease liabilities | 44,592 | 53,346 | 52,893 |
| Cash paid for interest on long-term debt | — | — | 2,970 |
| Supplemental disclosures of non-cash activities | |||
| Right-of-use assets obtained in exchange for lease obligations | $48,315 | $12,927 | $10,544 |
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