PTC FY 2021 Earnings Report — PTC Inc. Revenue & Financial Results | Market Cap Arena

FY 2021 Earnings

Reported November 19, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.5B	—	23.9%
Op. Income	$381M	—	$211M	—	80.6%
Gross Margin	79.5%	—	77.1%	—	2.4pp
Net Margin	26.4%	—	9.0%	—	17.4pp
EPS (Diluted)	$4.03	—	$1.12	—	259.8%
Free Cash Flow	$344M	—	$203M	—	69.6%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$371M
GROSS PROFIT	$1.4B
R&D Expenses	$300M
Selling & Marketing	$518M
General & Administrative	$206M
SG&A Expenses	$724M
Other Expenses	$32M
Operating Expenses	$1.1B
Cost & Expenses	$1.4B
OPERATING INCOME	$381M
Interest Income	$2M
Interest Expense	$50M
Other Income/Expenses	$11M
INCOME BEFORE TAX	$392M
Income Tax Expense	-$85M
Net Income from Continuing Ops	$477M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$477M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$477M
D&A	$123M
EBIT	$442M
EBITDA	$565M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$371M
GROSS PROFIT	$1.4B
R&D Expenses	$300M
Selling & Marketing	$518M
General & Administrative	$206M
SG&A Expenses	$724M
Other Expenses	$32M
Operating Expenses	$1.1B
Cost & Expenses	$1.4B
OPERATING INCOME	$381M
Interest Income	$2M
Interest Expense	$50M
Other Income/Expenses	$11M
INCOME BEFORE TAX	$392M
Income Tax Expense	-$85M
Net Income from Continuing Ops	$477M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$477M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$477M
D&A	$123M
EBIT	$442M
EBITDA	$565M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$477M
Depreciation & Amortization	$123M
Stock-Based Compensation	$177M
Deferred Income Tax	-$158M
Other Non-Cash Items	-$70M
Change in Working Capital	-$180M
OPERATING CASH FLOW	$369M
Capital Expenditure	-$25M
Acquisitions (Net)	-$718M
Purchases of Investments	-$12M
Sales/Maturities of Investments	$67M
Other Investing Activities	-$550.0K
NET CASH FROM INVESTING	-$688M
Net Debt Issuance	$432M
Common Stock Repurchased	-$30M
Common Dividends Paid	$0
Other Financing Activities	-$53M
NET CASH FROM FINANCING	$370M
FREE CASH FLOW	$344M
Net Change in Cash	$51M

Balance Sheet

Item	Amount
Cash & Equivalents	$327M
Short-Term Investments	$0
Net Receivables	$541M
Inventory	$0
Other Current Assets	$135M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$253M
Goodwill	$2.2B
Intangible Assets	$379M
Long-Term Investments	$2M
Tax Assets	$298M
Other Non-Current Assets	$311M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$4.5B
Account Payables	$33M
Short-Term Debt	$0
Deferred Revenue	$482M
Other Current Liabilities	$118M
TOTAL CURRENT LIABILITIES	$779M
Long-Term Debt	$1.4B
Deferred Revenue NC	$16M
Deferred Tax Liabilities	$4M
Other Non-Current Liabilities	$50M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$2.5B
Common Stock	$1M
Additional Paid-In Capital	$1.7B
Retained Earnings	$415M
Treasury Stock	$0
Accum. Other Comp. Income	-$96M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$4.5B
Total Debt	$1.6B
Net Debt	$1.3B