PTC FY 2023 Earnings Report — PTC Inc. Revenue & Financial Results | Market Cap Arena

FY 2023 Earnings

Reported November 17, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$2.1B	—	$1.9B	—	8.5%
Op. Income	$458M	—	$447M	—	2.5%
Gross Margin	79.0%	—	80.0%	—	-1.1pp
Net Margin	11.7%	—	16.2%	—	-4.5pp
EPS (Diluted)	$2.06	—	$2.65	—	-22.3%
Free Cash Flow	$586M	—	$409M	—	43.2%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$441M
GROSS PROFIT	$1.7B
R&D Expenses	$394M
Selling & Marketing	$530M
General & Administrative	$234M
SG&A Expenses	$764M
Other Expenses	$40M
Operating Expenses	$1.2B
Cost & Expenses	$1.6B
OPERATING INCOME	$458M
Interest Income	$5M
Interest Expense	$129M
Other Income/Expenses	-$126M
INCOME BEFORE TAX	$333M
Income Tax Expense	$87M
Net Income from Continuing Ops	$246M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$246M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$246M
D&A	$137M
EBIT	$462M
EBITDA	$599M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$441M
GROSS PROFIT	$1.7B
R&D Expenses	$394M
Selling & Marketing	$530M
General & Administrative	$234M
SG&A Expenses	$764M
Other Expenses	$40M
Operating Expenses	$1.2B
Cost & Expenses	$1.6B
OPERATING INCOME	$458M
Interest Income	$5M
Interest Expense	$129M
Other Income/Expenses	-$126M
INCOME BEFORE TAX	$333M
Income Tax Expense	$87M
Net Income from Continuing Ops	$246M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$246M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$246M
D&A	$137M
EBIT	$462M
EBITDA	$599M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$246M
Depreciation & Amortization	$137M
Stock-Based Compensation	$206M
Deferred Income Tax	$17M
Other Non-Cash Items	-$4M
Change in Working Capital	$9M
OPERATING CASH FLOW	$611M
Capital Expenditure	-$25M
Acquisitions (Net)	-$828M
Purchases of Investments	-$13M
Sales/Maturities of Investments	$349.0K
Other Investing Activities	-$800.0K
NET CASH FROM INVESTING	-$866M
Net Debt Issuance	$342M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$96M
NET CASH FROM FINANCING	$268M
FREE CASH FLOW	$586M
Net Change in Cash	$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$288M
Short-Term Investments	$0
Net Receivables	$811M
Inventory	$0
Other Current Assets	$82M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$231M
Goodwill	$3.4B
Intangible Assets	$941M
Long-Term Investments	$365.0K
Tax Assets	$123M
Other Non-Current Assets	$357M
TOTAL NON-CURRENT ASSETS	$5.0B
TOTAL ASSETS	$6.3B
Account Payables	$43M
Short-Term Debt	$9M
Deferred Revenue	$665M
Other Current Liabilities	$780M
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$1.7B
Deferred Revenue NC	$16M
Deferred Tax Liabilities	$30M
Other Non-Current Liabilities	$40M
TOTAL NON-CURRENT LIABILITIES	$1.9B
TOTAL LIABILITIES	$3.6B
Common Stock	$1M
Additional Paid-In Capital	$1.8B
Retained Earnings	$973M
Treasury Stock	$0
Accum. Other Comp. Income	-$118M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$0
TOTAL EQUITY	$2.7B
TOTAL LIABILITIES & EQUITY	$6.3B
Total Debt	$1.9B
Net Debt	$1.6B