PTC FY 2011 Earnings Report — PTC Inc. Revenue & Financial Results | Market Cap Arena

FY 2011 Earnings

Reported November 22, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.0B	—	15.5%
Op. Income	$117M	—	$75M	—	56.6%
Gross Margin	69.4%	—	69.5%	—	-0.1pp
Net Margin	7.3%	—	2.4%	—	4.9pp
EPS (Diluted)	$0.71	—	$0.20	—	255.0%
Free Cash Flow	$51M	—	$130M	—	-60.8%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$357M
GROSS PROFIT	$810M
R&D Expenses	$211M
Selling & Marketing	$353M
General & Administrative	$110M
SG&A Expenses	$463M
Other Expenses	$18M
Operating Expenses	$693M
Cost & Expenses	$1.0B
OPERATING INCOME	$117M
Interest Income	$4M
Interest Expense	$3M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$105M
Income Tax Expense	$19M
Net Income from Continuing Ops	$85M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$85M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$85M
D&A	$62M
EBIT	$108M
EBITDA	$170M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$357M
GROSS PROFIT	$810M
R&D Expenses	$211M
Selling & Marketing	$353M
General & Administrative	$110M
SG&A Expenses	$463M
Other Expenses	$18M
Operating Expenses	$693M
Cost & Expenses	$1.0B
OPERATING INCOME	$117M
Interest Income	$4M
Interest Expense	$3M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$105M
Income Tax Expense	$19M
Net Income from Continuing Ops	$85M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$85M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$85M
D&A	$62M
EBIT	$108M
EBITDA	$170M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$85M
Depreciation & Amortization	$62M
Stock-Based Compensation	$45M
Deferred Income Tax	-$35M
Other Non-Cash Items	-$5M
Change in Working Capital	-$74M
OPERATING CASH FLOW	$79M
Capital Expenditure	-$28M
Acquisitions (Net)	-$280M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$308M
Net Debt Issuance	$200M
Common Stock Repurchased	-$55M
Common Dividends Paid	$0
Other Financing Activities	-$19M
NET CASH FROM FINANCING	$150M
FREE CASH FLOW	$51M
Net Change in Cash	-$72M

Balance Sheet

Item	Amount
Cash & Equivalents	$168M
Short-Term Investments	$0
Net Receivables	$230M
Inventory	$0
Other Current Assets	$164M
TOTAL CURRENT ASSETS	$592M
PP&E (Net)	$63M
Goodwill	$613M
Intangible Assets	$222M
Long-Term Investments	$0
Tax Assets	$98M
Other Non-Current Assets	$41M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.6B
Account Payables	$17M
Short-Term Debt	$0
Deferred Revenue	$280M
Other Current Liabilities	$96M
TOTAL CURRENT LIABILITIES	$465M
Long-Term Debt	$200M
Deferred Revenue NC	$14M
Deferred Tax Liabilities	$26M
Other Non-Current Liabilities	$97M
TOTAL NON-CURRENT LIABILITIES	$342M
TOTAL LIABILITIES	$807M
Common Stock	$1M
Additional Paid-In Capital	$1.8B
Retained Earnings	-$919M
Treasury Stock	$0
Accum. Other Comp. Income	-$65M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$823M
Minority Interest	$0
TOTAL EQUITY	$823M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$200M
Net Debt	$32M