Preferred stock, shares authorized

[Table of Contents](#i2c45b01857824b67a12ec5acf3b2e95b_7)PART I. FINANCIAL INFORMATION Item 1.Financial StatementsF5, INC.CONSOLIDATED BALANCE SHEETS(unaudited, in thousands) 

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|  |  | December 31,2021 |  | September 30,2021 |
| ASSETS |  |  |  |  |
| Current assets |  |  |  |  |
| Cash and cash equivalents |  | $ | 512,406  |  |  | $ | 580,977  |  |
| Short-term investments |  | 346,548  |  |  | 329,630  |  |
| Accounts receivable, net of allowances of $3,262 and $3,696 |  | 419,282  |  |  | 340,536  |  |
| Inventories |  | 20,795  |  |  | 22,055  |  |
| Other current assets |  | 388,942  |  |  | 337,902  |  |
| Total current assets |  | 1,687,973  |  |  | 1,611,100  |  |
| Property and equipment, net |  | 185,355  |  |  | 191,164  |  |
| Operating lease right-of-use assets |  | 237,341  |  |  | 244,934  |  |
| Long-term investments |  | 76,991  |  |  | 132,778  |  |
| Deferred tax assets |  | 148,333  |  |  | 128,193  |  |
| Goodwill |  | 2,260,407  |  |  | 2,216,553  |  |
| Other assets, net |  | 490,508  |  |  | 472,558  |  |
| Total assets |  | $ | 5,086,908  |  |  | $ | 4,997,280  |  |
| LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |
| Current liabilities |  |  |  |  |
| Accounts payable |  | $ | 58,253  |  |  | $ | 62,096  |  |
| Accrued liabilities |  | 314,845  |  |  | 341,487  |  |
| Deferred revenue |  | 1,039,515  |  |  | 968,669  |  |
| Current portion of long-term debt |  | 19,275  |  |  | 19,275  |  |
| Total current liabilities |  | 1,431,888  |  |  | 1,391,527  |  |
| Deferred tax liabilities |  | 2,723  |  |  | 2,414  |  |
| Deferred revenue, long-term |  | 536,984  |  |  | 521,173  |  |
| Operating lease liabilities, long-term |  | 287,596  |  |  | 296,945  |  |
| Long-term debt |  | 344,954  |  |  | 349,772  |  |
| Other long-term liabilities |  | 77,402  |  |  | 75,236  |  |
| Total long-term liabilities |  | 1,249,659  |  |  | 1,245,540  |  |
| Commitments and contingencies (Note 9) |  |  |  |  |
| Shareholders' equity |  |  |  |  |
| Preferred stock, no par value; 10,000 shares authorized, no shares outstanding |  | —  |  |  | —  |  |
| Common stock, no par value; 200,000 shares authorized, 60,711 and 60,652 shares issued and outstanding |  | 145,189  |  |  | 192,458  |  |
| Accumulated other comprehensive loss |  | (21,215) |  |  | (20,073) |  |
| Retained earnings |  | 2,281,387  |  |  | 2,187,828  |  |
| Total shareholders' equity |  | 2,405,361  |  |  | 2,360,213  |  |
| Total liabilities and shareholders' equity |  | $ | 5,086,908  |  |  | $ | 4,997,280  |  |

The accompanying notes are an integral part of these consolidated financial statements.  
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