PTC FY 2014 Earnings Report — PTC Inc. Revenue & Financial Results | Market Cap Arena

FY 2014 Earnings

Reported November 26, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.3B	—	4.9%
Op. Income	$197M	—	$127M	—	54.4%
Gross Margin	72.5%	—	71.2%	—	1.3pp
Net Margin	11.8%	—	11.1%	—	0.7pp
EPS (Diluted)	$1.34	—	$1.19	—	12.6%
Free Cash Flow	$279M	—	$195M	—	43.0%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$374M
GROSS PROFIT	$983M
R&D Expenses	$226M
Selling & Marketing	$357M
General & Administrative	$142M
SG&A Expenses	$500M
Other Expenses	-$10M
Operating Expenses	$758M
Cost & Expenses	$1.1B
OPERATING INCOME	$197M
Interest Income	$3M
Interest Expense	$8M
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$186M
Income Tax Expense	$26M
Net Income from Continuing Ops	$160M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$160M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$160M
D&A	$77M
EBIT	$194M
EBITDA	$272M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$374M
GROSS PROFIT	$983M
R&D Expenses	$226M
Selling & Marketing	$357M
General & Administrative	$142M
SG&A Expenses	$500M
Other Expenses	-$10M
Operating Expenses	$758M
Cost & Expenses	$1.1B
OPERATING INCOME	$197M
Interest Income	$3M
Interest Expense	$8M
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$186M
Income Tax Expense	$26M
Net Income from Continuing Ops	$160M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$160M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$160M
D&A	$77M
EBIT	$194M
EBITDA	$272M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$160M
Depreciation & Amortization	$77M
Stock-Based Compensation	$51M
Deferred Income Tax	-$20M
Other Non-Cash Items	$10M
Change in Working Capital	$27M
OPERATING CASH FLOW	$305M
Capital Expenditure	-$25M
Acquisitions (Net)	-$324M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$349M
Net Debt Issuance	$354M
Common Stock Repurchased	-$225M
Common Dividends Paid	$0
Other Financing Activities	-$24M
NET CASH FROM FINANCING	$105M
FREE CASH FLOW	$279M
Net Change in Cash	$52M

Balance Sheet

Item	Amount
Cash & Equivalents	$294M
Short-Term Investments	$0
Net Receivables	$236M
Inventory	$0
Other Current Assets	$165M
TOTAL CURRENT ASSETS	$732M
PP&E (Net)	$68M
Goodwill	$1.0B
Intangible Assets	$337M
Long-Term Investments	$0
Tax Assets	$9M
Other Non-Current Assets	$42M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$2.2B
Account Payables	$20M
Short-Term Debt	$25M
Deferred Revenue	$369M
Other Current Liabilities	$146M
TOTAL CURRENT LIABILITIES	$627M
Long-Term Debt	$587M
Deferred Revenue NC	$13M
Deferred Tax Liabilities	$37M
Other Non-Current Liabilities	$83M
TOTAL NON-CURRENT LIABILITIES	$719M
TOTAL LIABILITIES	$1.3B
Common Stock	$1M
Additional Paid-In Capital	$1.6B
Retained Earnings	-$650M
Treasury Stock	$0
Accum. Other Comp. Income	-$94M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$854M
Minority Interest	$0
TOTAL EQUITY	$854M
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$612M
Net Debt	$318M