PTC FY 2013 Earnings Report — PTC Inc. Revenue & Financial Results | Market Cap Arena

FY 2013 Earnings

Reported November 22, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.3B	—	3.0%
Op. Income	$127M	—	$128M	—	-0.6%
Gross Margin	71.2%	—	70.4%	—	0.8pp
Net Margin	11.1%	—	-2.8%	—	13.9pp
EPS (Diluted)	$1.19	—	$-0.30	—	496.7%
Free Cash Flow	$195M	—	$186M	—	5.1%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$373M
GROSS PROFIT	$921M
R&D Expenses	$222M
Selling & Marketing	$361M
General & Administrative	$132M
SG&A Expenses	$493M
Other Expenses	-$1M
Operating Expenses	$741M
Cost & Expenses	$1.1B
OPERATING INCOME	$127M
Interest Income	$3M
Interest Expense	$7M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$126M
Income Tax Expense	-$18M
Net Income from Continuing Ops	$144M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$144M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$144M
D&A	$77M
EBIT	$133M
EBITDA	$210M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$373M
GROSS PROFIT	$921M
R&D Expenses	$222M
Selling & Marketing	$361M
General & Administrative	$132M
SG&A Expenses	$493M
Other Expenses	-$1M
Operating Expenses	$741M
Cost & Expenses	$1.1B
OPERATING INCOME	$127M
Interest Income	$3M
Interest Expense	$7M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$126M
Income Tax Expense	-$18M
Net Income from Continuing Ops	$144M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$144M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$144M
D&A	$77M
EBIT	$133M
EBITDA	$210M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$144M
Depreciation & Amortization	$77M
Stock-Based Compensation	$49M
Deferred Income Tax	-$40M
Other Non-Cash Items	$46M
Change in Working Capital	-$51M
OPERATING CASH FLOW	$225M
Capital Expenditure	-$29M
Acquisitions (Net)	-$246M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$721.0K
NET CASH FROM INVESTING	-$275M
Net Debt Issuance	-$112M
Common Stock Repurchased	-$75M
Common Dividends Paid	$0
Other Financing Activities	-$15M
NET CASH FROM FINANCING	-$196M
FREE CASH FLOW	$195M
Net Change in Cash	-$248M

Balance Sheet

Item	Amount
Cash & Equivalents	$242M
Short-Term Investments	$0
Net Receivables	$229M
Inventory	$0
Other Current Assets	$164M
TOTAL CURRENT ASSETS	$680M
PP&E (Net)	$65M
Goodwill	$769M
Intangible Assets	$273M
Long-Term Investments	$0
Tax Assets	$8M
Other Non-Current Assets	$34M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.8B
Account Payables	$66M
Short-Term Debt	$15M
Deferred Revenue	$327M
Other Current Liabilities	$114M
TOTAL CURRENT LIABILITIES	$529M
Long-Term Debt	$243M
Deferred Revenue NC	$10M
Deferred Tax Liabilities	$42M
Other Non-Current Liabilities	$79M
TOTAL NON-CURRENT LIABILITIES	$374M
TOTAL LIABILITIES	$890M
Common Stock	$1M
Additional Paid-In Capital	$1.8B
Retained Earnings	-$810M
Treasury Stock	$0
Accum. Other Comp. Income	-$51M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$926M
Minority Interest	$0
TOTAL EQUITY	$926M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$258M
Net Debt	$16M