PTC FY 2008 Earnings Report — PTC Inc. Revenue & Financial Results | Market Cap Arena

FY 2008 Earnings

Reported November 26, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$1.1B	—	$941M	—	13.7%
Op. Income	$125M	—	$93M	—	35.0%
Gross Margin	69.1%	—	69.1%	—	-0.0pp
Net Margin	7.4%	—	15.3%	—	-7.8pp
EPS (Diluted)	$0.68	—	$1.22	—	-44.3%
Free Cash Flow	$197M	—	$103M	—	90.5%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$331M
GROSS PROFIT	$740M
R&D Expenses	$182M
Selling & Marketing	$307M
General & Administrative	$88M
SG&A Expenses	$395M
Other Expenses	$16M
Operating Expenses	$592M
Cost & Expenses	$923M
OPERATING INCOME	$125M
Interest Income	$10M
Interest Expense	$8M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$119M
Income Tax Expense	$39M
Net Income from Continuing Ops	$80M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$80M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$60M
EBIT	$127M
EBITDA	$187M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$331M
GROSS PROFIT	$740M
R&D Expenses	$182M
Selling & Marketing	$307M
General & Administrative	$88M
SG&A Expenses	$395M
Other Expenses	$16M
Operating Expenses	$592M
Cost & Expenses	$923M
OPERATING INCOME	$125M
Interest Income	$10M
Interest Expense	$8M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$119M
Income Tax Expense	$39M
Net Income from Continuing Ops	$80M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$80M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$60M
EBIT	$127M
EBITDA	$187M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$80M
Depreciation & Amortization	$60M
Stock-Based Compensation	$44M
Deferred Income Tax	-$3M
Other Non-Cash Items	$11M
Change in Working Capital	$30M
OPERATING CASH FLOW	$222M
Capital Expenditure	-$25M
Acquisitions (Net)	-$262M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$287M
Net Debt Issuance	$88M
Common Stock Repurchased	-$27M
Common Dividends Paid	$0
Other Financing Activities	-$11M
NET CASH FROM FINANCING	$62M
FREE CASH FLOW	$197M
Net Change in Cash	-$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$257M
Short-Term Investments	$0
Net Receivables	$202M
Inventory	$0
Other Current Assets	$111M
TOTAL CURRENT ASSETS	$597M
PP&E (Net)	$55M
Goodwill	$405M
Intangible Assets	$182M
Long-Term Investments	$0
Tax Assets	$71M
Other Non-Current Assets	$38M
TOTAL NON-CURRENT ASSETS	$752M
TOTAL ASSETS	$1.3B
Account Payables	$17M
Short-Term Debt	$89M
Deferred Revenue	$251M
Other Current Liabilities	$44M
TOTAL CURRENT LIABILITIES	$566M
Long-Term Debt	$0
Deferred Revenue NC	$7M
Deferred Tax Liabilities	$31M
Other Non-Current Liabilities	$42M
TOTAL NON-CURRENT LIABILITIES	$81M
TOTAL LIABILITIES	$647M
Common Stock	$1M
Additional Paid-In Capital	$1.8B
Retained Earnings	-$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$17M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$703M
Minority Interest	$0
TOTAL EQUITY	$703M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$89M
Net Debt	-$168M