PTC FY 2020 Earnings Report — PTC Inc. Revenue & Financial Results | Market Cap Arena

FY 2020 Earnings

Reported November 20, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.3B	—	16.1%
Op. Income	$211M	—	$118M	—	79.2%
Gross Margin	77.1%	—	74.1%	—	3.0pp
Net Margin	9.0%	—	-2.2%	—	11.1pp
EPS (Diluted)	$1.12	—	$-0.23	—	587.0%
Free Cash Flow	$203M	—	$221M	—	-8.2%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$334M
GROSS PROFIT	$1.1B
R&D Expenses	$257M
Selling & Marketing	$435M
General & Administrative	$160M
SG&A Expenses	$595M
Other Expenses	$61M
Operating Expenses	$913M
Cost & Expenses	$1.2B
OPERATING INCOME	$211M
Interest Income	$4M
Interest Expense	$76M
Other Income/Expenses	-$76M
INCOME BEFORE TAX	$135M
Income Tax Expense	$4M
Net Income from Continuing Ops	$131M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$131M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$131M
D&A	$120M
EBIT	$211M
EBITDA	$331M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$334M
GROSS PROFIT	$1.1B
R&D Expenses	$257M
Selling & Marketing	$435M
General & Administrative	$160M
SG&A Expenses	$595M
Other Expenses	$61M
Operating Expenses	$913M
Cost & Expenses	$1.2B
OPERATING INCOME	$211M
Interest Income	$4M
Interest Expense	$76M
Other Income/Expenses	-$76M
INCOME BEFORE TAX	$135M
Income Tax Expense	$4M
Net Income from Continuing Ops	$131M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$131M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$131M
D&A	$120M
EBIT	$211M
EBITDA	$331M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$131M
Depreciation & Amortization	$120M
Stock-Based Compensation	$115M
Deferred Income Tax	-$25M
Other Non-Cash Items	-$3M
Change in Working Capital	-$104M
OPERATING CASH FLOW	$234M
Capital Expenditure	-$31M
Acquisitions (Net)	-$483M
Purchases of Investments	-$43M
Sales/Maturities of Investments	$32M
Other Investing Activities	-$11M
NET CASH FROM INVESTING	-$526M
Net Debt Issuance	$345M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$66M
NET CASH FROM FINANCING	$297M
FREE CASH FLOW	$203M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$275M
Short-Term Investments	$28M
Net Receivables	$415M
Inventory	$0
Other Current Assets	$45M
TOTAL CURRENT ASSETS	$833M
PP&E (Net)	$251M
Goodwill	$1.6B
Intangible Assets	$238M
Long-Term Investments	$31M
Tax Assets	$191M
Other Non-Current Assets	$213M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$3.4B
Account Payables	$25M
Short-Term Debt	$0
Deferred Revenue	$417M
Other Current Liabilities	$101M
TOTAL CURRENT LIABILITIES	$681M
Long-Term Debt	$1.0B
Deferred Revenue NC	$10M
Deferred Tax Liabilities	$12M
Other Non-Current Liabilities	$56M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$1.9B
Common Stock	$1M
Additional Paid-In Capital	$1.6B
Retained Earnings	-$62M
Treasury Stock	$0
Accum. Other Comp. Income	-$103M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$1.2B
Net Debt	$945M