2024 Q2 Form 10-Q Financial Statement
#000189798224000011 Filed on February 06, 2024
Income Statement
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|
| Revenue | $278.1M | $257.2M | |
| YoY Change | 20.98% | 5.9% | |
| Cost Of Revenue | $92.94M | $94.93M | |
| YoY Change | -0.91% | 1.97% | |
| Gross Profit | $185.2M | $162.2M | |
| YoY Change | 36.07% | 8.34% | |
| Gross Profit Margin | 66.58% | 63.08% | |
| Selling, General & Admin | $155.1M | $158.3M | |
| YoY Change | -3.35% | -0.54% | |
| % of Gross Profit | 83.78% | 97.59% | |
| Research & Development | $49.33M | $53.15M | |
| YoY Change | -8.72% | 6.39% | |
| % of Gross Profit | 26.64% | 32.76% | |
| Depreciation & Amortization | $123.2M | ||
| YoY Change | 0.51% | ||
| % of Gross Profit | 75.93% | ||
| Operating Expenses | $204.5M | $211.5M | |
| YoY Change | -4.7% | 1.12% | |
| Operating Profit | -$19.29M | -$49.24M | |
| YoY Change | -75.41% | -17.09% | |
| Interest Expense | $12.28M | ||
| YoY Change | 198.13% | ||
| % of Operating Profit | |||
| Other Income/Expense, Net | $13.72M | $12.28M | |
| YoY Change | -203.33% | -68.21% | |
| Pretax Income | -$7.559M | -$37.16M | |
| YoY Change | -90.76% | 123.42% | |
| Income Tax | -$9.100M | -$15.70M | |
| % Of Pretax Income | |||
| Net Earnings | $1.556M | -$21.50M | |
| YoY Change | -102.7% | -67.52% | |
| Net Earnings / Revenue | 0.56% | -8.36% | |
| Basic Earnings Per Share | $0.02 | -$0.34 | |
| Diluted Earnings Per Share | $0.02 | -$0.34 | |
| COMMON SHARES | |||
| Basic Shares Outstanding | 63.33M shares | 63.55M shares | 63.70M shares |
| Diluted Shares Outstanding | 63.80M shares | 63.70M shares |
Balance Sheet
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $130.8M | ||
| YoY Change | -70.69% | ||
| Cash & Equivalents | $237.0M | $177.6M | $130.8M |
| Short-Term Investments | |||
| Other Short-Term Assets | $29.34M | ||
| YoY Change | 23.52% | ||
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $115.5M | $140.5M | $129.8M |
| Other Receivables | $78.48M | $69.10M | $61.48M |
| Total Short-Term Assets | $876.1M | $794.8M | $709.3M |
| YoY Change | 5.16% | -9.28% | -32.15% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $17.39M | $16.41M | $16.76M |
| YoY Change | -79.85% | -10.46% | -2.23% |
| Goodwill | $8.328B | $8.329B | $8.330B |
| YoY Change | 0.34% | 0.02% | 0.01% |
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $22.27M | $8.529M | $9.488M |
| YoY Change | -44.47% | -10.72% | 15.51% |
| Total Long-Term Assets | $13.20B | $13.31B | $13.52B |
| YoY Change | -3.35% | -2.75% | -2.43% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $876.1M | $794.8M | $709.3M |
| Total Long-Term Assets | $13.20B | $13.31B | $13.52B |
| Total Assets | $14.07B | $14.11B | $14.23B |
| YoY Change | -2.86% | -3.14% | -4.52% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $8.099M | $9.876M | $16.52M |
| YoY Change | -60.1% | -14.35% | 27.3% |
| Accrued Expenses | $81.06M | $81.84M | $81.06M |
| YoY Change | -27.92% | -14.14% | -15.04% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | ||
| YoY Change | -100.0% | ||
| Long-Term Debt Due | $0.00 | ||
| YoY Change | -100.0% | ||
| Total Short-Term Liabilities | $337.4M | $342.3M | $372.0M |
| YoY Change | -4.26% | -3.62% | -38.54% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | ||
| YoY Change | |||
| Other Long-Term Liabilities | $18.38M | $19.73M | $20.01M |
| YoY Change | -82.46% | 16.88% | 7.72% |
| Total Long-Term Liabilities | $18.38M | $19.73M | $20.01M |
| YoY Change | -82.46% | 16.88% | 7.72% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $337.4M | $342.3M | $372.0M |
| Total Long-Term Liabilities | $18.38M | $19.73M | $20.01M |
| Total Liabilities | $355.8M | $362.0M | $392.0M |
| YoY Change | -74.86% | -2.69% | -37.16% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$51.16M | -$95.86M | -$97.42M |
| YoY Change | 23.61% | 39.52% | 779.84% |
| Common Stock | $13.28B | $13.26B | $13.24B |
| YoY Change | 0.64% | 0.53% | 0.58% |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $406.6M | $347.4M | $290.7M |
| YoY Change | 383.45% | ||
| Treasury Stock Shares | |||
| Shareholders Equity | $12.81B | $12.81B | $12.85B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $14.07B | $14.11B | $14.23B |
| YoY Change | -2.86% | -3.14% | -4.52% |
Cashflow Statement
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $1.556M | -$21.50M | |
| YoY Change | -102.7% | -67.52% | |
| Depreciation, Depletion And Amortization | $123.2M | ||
| YoY Change | 0.51% | ||
| Cash From Operating Activities | $185.0M | $46.81M | |
| YoY Change | 41.14% | -5.51% | |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $668.0K | ||
| YoY Change | -138.11% | ||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$394.0K | ||
| YoY Change | -15.27% | ||
| Cash From Investing Activities | -$1.062M | ||
| YoY Change | -52.12% | ||
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -14.50M | ||
| YoY Change | -171.47% | ||
| NET CHANGE | |||
| Cash From Operating Activities | $185.0M | $46.81M | |
| Cash From Investing Activities | -1.062M | ||
| Cash From Financing Activities | -14.50M | ||
| Net Change In Cash | $185.0M | $46.81M | |
| YoY Change | -219.33% | -30.76% | |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $185.0M | $46.81M | |
| Capital Expenditures | $668.0K | ||
| Free Cash Flow | $46.14M | ||
| YoY Change | -10.04% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
13169357000 | usd |
| CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11244000 | usd |
| CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-8865000 | usd |
| CY2022Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
8489000 | usd |
| CY2022Q3 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
-4683000 | usd |
| CY2022Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
17736000 | usd |
| CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-66197000 | usd |
| CY2022Q4 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
6710000 | usd |
| CY2022Q4 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
16977000 | usd |
| CY2022Q4 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
-4656000 | usd |
| CY2022Q4 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
23441000 | usd |
| CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
13147065000 | usd |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-56025000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-77441000 | usd | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
246386000 | usd | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
245102000 | usd | |
| us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
6932000 | usd | |
| us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
6562000 | usd | |
| azpn |
Net Foreign Currency Loss Gain Due To Revaluation
NetForeignCurrencyLossGainDueToRevaluation
|
-6168000 | usd | |
| azpn |
Net Foreign Currency Loss Gain Due To Revaluation
NetForeignCurrencyLossGainDueToRevaluation
|
-4744000 | usd | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
32910000 | usd | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
41177000 | usd | |
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-94210000 | usd | |
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-106384000 | usd | |
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
3385000 | usd | |
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
3228000 | usd | |
| us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
629000 | usd | |
| us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
593000 | usd | |
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
33691000 | usd | |
| azpn |
Increasedecreaseinleaseliabilities
Increasedecreaseinleaseliabilities
|
7108000 | usd | |
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
17606000 | usd | |
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-34177000 | usd | |
| us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
0 | usd | |
| us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
15319000 | usd | |
| us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
9258000 | usd | |
| us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-10959000 | usd | |
| us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
11922000 | usd | |
| CY2023Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
46808000 | usd |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
54612000 | usd | |
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1437000 | usd | |
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2844000 | usd | |
| us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
8273000 | usd | |
| us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
74947000 | usd | |
| us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
521000 | usd | |
| us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
465000 | usd | |
| azpn |
Payments For Software To Be Sold
PaymentsForSoftwareToBeSold
|
131000 | usd | |
| azpn |
Payments For Software To Be Sold
PaymentsForSoftwareToBeSold
|
329000 | usd | |
| us-gaap |
Payments For Software
PaymentsForSoftware
|
12500000 | usd | |
| us-gaap |
Payments For Software
PaymentsForSoftware
|
0 | usd | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-22862000 | usd | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-78585000 | usd | |
| us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
7920000 | usd | |
| us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
25605000 | usd | |
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
186329000 | usd | |
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd | |
| us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
13843000 | usd | |
| us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
11698000 | usd | |
| us-gaap |
Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
|
0 | usd | |
| us-gaap |
Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
|
1363000 | usd | |
| us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
0 | usd | |
| us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
12000000 | usd | |
| us-gaap |
Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
|
68755000 | usd | |
| us-gaap |
Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
|
29872000 | usd | |
| us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | usd | |
| us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2375000 | usd | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-123497000 | usd | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
28041000 | usd | |
| us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-10905000 | usd | |
| us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-7705000 | usd | |
| us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-110456000 | usd | |
| us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-3637000 | usd | |
| CY2023Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
241209000 | usd |
| CY2022Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
449725000 | usd |
| CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
130753000 | usd |
| CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
446088000 | usd |
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
66290000 | usd | |
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
29388000 | usd | |
| us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
2433000 | usd | |
| us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
9819000 | usd | |
| azpn |
Change In Purchases Of Property Equipment And Leasehold Improvements Included In Accounts Payable And Accrued Expenses
ChangeInPurchasesOfPropertyEquipmentAndLeaseholdImprovementsIncludedInAccountsPayableAndAccruedExpenses
|
92000 | usd | |
| azpn |
Change In Purchases Of Property Equipment And Leasehold Improvements Included In Accounts Payable And Accrued Expenses
ChangeInPurchasesOfPropertyEquipmentAndLeaseholdImprovementsIncludedInAccountsPayableAndAccruedExpenses
|
-735000 | usd | |
| us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
36144000 | usd | |
| us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
68000 | usd | |
| us-gaap |
Nature Of Operations
NatureOfOperations
|
Organization and Basis of Presentation<div style="margin-bottom:9pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">AspenTech, together with its subsidiaries (the “Company”), is a leading industrial software company that develops solutions to address complex industrial environments where it is critical to optimize the asset design, operations and maintenance lifecycle. The Company’s unique combination of product capabilities, deep domain expertise and award-winning innovation helps customers across diverse end markets in capital-intensive industries improve their operational excellence while achieving sustainability goals. </span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has revenue from customers in 117 countries as of December 31, 2023.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Basis of Presentation</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has prepared the accompanying unaudited condensed consolidated financial statements as of December 31, 2023, and for the second quarter of fiscal 2024 and 2023 pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) and in accordance with generally accepted accounting principles in the United States (“GAAP”). All intercompany balances and transactions have been eliminated in consolidation.</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated and combined financial statements and the notes thereto included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2023.</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements and related disclosures in conformity with GAAP requires us to make judgments, assumptions, and estimates that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. The actual results that the Company experiences may differ materially from these estimates.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Russia and Ukraine</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:27pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company maintains limited operations in Russia and licenses software and provides related services to customers in Russia and areas of Ukraine that are not under sanctio</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">n. The Company had revenue of approximately $5.8 million and $16.8 million for the three months ended December 31, 2023 and 2022, respectively, and $13.0 million and $26.8 million for the six months ended December 31, 2023 and 2022, respectively. The Company had total assets of approximately $35.2 million and $39.7 million as of December 31, 2023 and June 30, 2023, respectively, related to operations in Russia. </span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:27pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company may be required to cease or suspend operations in Russia or, should the conflict or the effects of sanctions, export control measures and business restrictions worsen, the Company may voluntarily elect to do so. The Company has terminated all engineering services in Russia and the Company</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> has limited its operations to contract renewals with existing customers.</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> While the Company continues to evaluate the impact of the various sanctions and restrictions imposed by the United States and other governments on the Company</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">’</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">s ability to conduct business in Russia, there is no assurance that the Company will be able to do so in the future. Any disruption to, or suspension of, the Company</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">’</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">s business and operations in Russia would result in the loss of revenue and assets from the business in Russia and would negatively impact growth. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company may also suffer reputational harm as a result of continued operations in Russia, which may adversely impact sales and other businesses in other countries.</span></div> | ||
| CY2023Q4 | us-gaap |
Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
|
117 | countries |
| CY2023Q4 | azpn |
Revenue From Contract With Customer Including Assessed Tax Russia
RevenueFromContractWithCustomerIncludingAssessedTaxRussia
|
5800000 | usd |
| CY2022Q4 | azpn |
Revenue From Contract With Customer Including Assessed Tax Russia
RevenueFromContractWithCustomerIncludingAssessedTaxRussia
|
16800000 | usd |
| azpn |
Revenue From Contract With Customer Including Assessed Tax Russia
RevenueFromContractWithCustomerIncludingAssessedTaxRussia
|
13000000 | usd | |
| azpn |
Revenue From Contract With Customer Including Assessed Tax Russia
RevenueFromContractWithCustomerIncludingAssessedTaxRussia
|
26800000 | usd | |
| CY2023Q4 | azpn |
Assets Russia
AssetsRussia
|
35200000 | usd |
| CY2023Q2 | azpn |
Assets Russia
AssetsRussia
|
39700000 | usd |
| CY2023Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
964165000 | usd |
| CY2023Q2 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
903643000 | usd |
| CY2023Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
170558000 | usd |
| CY2023Q2 | us-gaap |
Deferred Revenue
DeferredRevenue
|
181553000 | usd |
| CY2023Q4 | azpn |
Net Contract Assets Liabilities
NetContractAssetsLiabilities
|
793607000 | usd |
| CY2023Q2 | azpn |
Net Contract Assets Liabilities
NetContractAssetsLiabilities
|
722090000 | usd |
| CY2023Q4 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
47400000 | usd |
| us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
88400000 | usd | |
| CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
5462066000 | usd |
| CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
802409000 | usd |
| CY2023Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
301751000 | usd |
| CY2023Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
397297000 | usd |
| CY2023Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
244069000 | usd |
| CY2023Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
156951000 | usd |
| CY2023Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
92733000 | usd |
| CY2023Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
47265000 | usd |
| CY2023Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
1240066000 | usd |
| CY2023Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
257163000 | usd |
| CY2022Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
242838000 | usd |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
506471000 | usd | |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
493657000 | usd | |
| us-gaap |
Segment Reporting Disclosure Of Major Customers
SegmentReportingDisclosureOfMajorCustomers
|
not | ||
| us-gaap |
Segment Reporting Disclosure Of Major Customers
SegmentReportingDisclosureOfMajorCustomers
|
not | ||
| CY2022Q3 | us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
87200000 | usd |
| CY2022Q3 | azpn |
Business Combination Consideration Transferred Net Cash Paid
BusinessCombinationConsiderationTransferredNetCashPaid
|
72500000 | usd |
| CY2022Q3 | us-gaap |
Goodwill
Goodwill
|
63000000 | usd |
| CY2022Q3 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
|
31500000 | usd |
| CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
5474566000 | usd |
| CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1045930000 | usd |
| CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
4428636000 | usd |
| CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
4659657000 | usd |
| CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
4400000000 | usd |
| CY2023Q4 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
121700000 | usd |
| CY2022Q4 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
121200000 | usd |
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
243400000 | usd | |
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
242300000 | usd | |
| CY2023Q2 | us-gaap |
Goodwill
Goodwill
|
8330811000 | usd |
| us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
-814000 | usd | |
| CY2023Q4 | us-gaap |
Goodwill
Goodwill
|
8329997000 | usd |
| CY2023Q4 | azpn |
Additional Rou Asset And Lease Liability
AdditionalROUAssetAndLeaseLiability
|
32900000 | usd |
| CY2023Q4 | azpn |
Additional Rou Asset And Lease Liability Net Of Leasehold Improvement Inventives
AdditionalROUAssetAndLeaseLiabilityNetOfLeaseholdImprovementInventives
|
25400000 | usd |
| CY2023Q4 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
5023000 | usd |
| CY2022Q4 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
4352000 | usd |
| us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
9489000 | usd | |
| us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
8387000 | usd | |
| CY2023Q4 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
193000 | usd |
| CY2022Q4 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
216000 | usd |
| us-gaap |
Variable Lease Cost
VariableLeaseCost
|
416000 | usd | |
| us-gaap |
Variable Lease Cost
VariableLeaseCost
|
425000 | usd | |
| CY2023Q4 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
147000 | usd |
| CY2022Q4 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
199000 | usd |
| us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
304000 | usd | |
| us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
96000 | usd | |
| CY2023Q4 | us-gaap |
Lease Cost
LeaseCost
|
5363000 | usd |
| CY2022Q4 | us-gaap |
Lease Cost
LeaseCost
|
4767000 | usd |
| us-gaap |
Lease Cost
LeaseCost
|
10209000 | usd | |
| us-gaap |
Lease Cost
LeaseCost
|
8716000 | usd | |
| CY2024Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
97035000 | usd |
| CY2023Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
67642000 | usd |
| CY2024Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
13810000 | usd |
| CY2023Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
12928000 | usd |
| CY2024Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
83812000 | usd |
| CY2023Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
55442000 | usd |
| CY2023Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.040 | |
| CY2023Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.030 | |
| CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
2345000 | usd |
| CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
9018000 | usd |
| CY2023Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P12Y | |
| CY2023Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P9Y | |
| CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
9422000 | usd |
| CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
13104000 | usd |
| CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
12510000 | usd |
| CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
103490000 | usd |
| CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
149889000 | usd |
| CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
26882000 | usd |
| CY2023Q4 | us-gaap |
Leasehold Improvements Gross
LeaseholdImprovementsGross
|
25385000 | usd |
| CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
97622000 | usd |
| CY2024Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
54729000 | usd |
| CY2023Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
62162000 | usd |
| CY2024Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
4042000 | usd |
| CY2023Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
6265000 | usd |
| CY2024Q2 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
2941000 | usd |
| CY2023Q2 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
3065000 | usd |
| CY2024Q2 | us-gaap |
Accrued Royalties Current
AccruedRoyaltiesCurrent
|
422000 | usd |
| CY2023Q2 | us-gaap |
Accrued Royalties Current
AccruedRoyaltiesCurrent
|
654000 | usd |
| CY2024Q2 | us-gaap |
Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
|
5000 | usd |
| CY2023Q2 | us-gaap |
Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
|
8984000 | usd |
| CY2024Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
18920000 | usd |
| CY2023Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
18396000 | usd |
| CY2024Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
81059000 | usd |
| CY2023Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
99526000 | usd |
| CY2023Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
2600000 | usd |
| CY2023Q4 | azpn |
Line Of Credit Facility Covenants Maximum Leverage Ratio
LineOfCreditFacilityCovenantsMaximumLeverageRatio
|
3.50 | |
| CY2023Q4 | azpn |
Line Of Credit Facility Covenants Minimum Interest Coverage Ratio
LineOfCreditFacilityCovenantsMinimumInterestCoverageRatio
|
2.50 | |
| CY2023Q4 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
16211000 | usd |
| CY2022Q4 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
23441000 | usd |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
32910000 | usd | |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
41177000 | usd | |
| CY2023Q4 | us-gaap |
Share Price
SharePrice
|
220.15 | |
| CY2023Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-21500000 | usd |
| CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-66197000 | usd |
| CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-66197000 | usd |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-56025000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-77441000 | usd | |
| CY2023Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
63699000 | shares |
| CY2022Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
64621000 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
64009000 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
64538000 | shares | |
| CY2023Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
63699000 | shares |
| CY2022Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
64621000 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
64009000 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
64538000 | shares | |
| CY2023Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.34 | |
| CY2022Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.02 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.88 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.20 | ||
| CY2023Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.34 | |
| CY2022Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.02 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.88 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.20 | ||
| CY2023Q4 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1433000 | shares |
| CY2022Q4 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1574000 | shares |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1352000 | shares | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1479000 | shares | |
| CY2023Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-15700000 | usd |
| CY2022Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
49600000 | usd |
| CY2023Q4 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.421 | |
| CY2022Q4 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-2.980 | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-33100000 | usd | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-44000000 | usd | |
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.372 | ||
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.362 | ||
| CY2023Q3 | azpn |
Payment For Plantweb Optics Analytics
PaymentForPlantwebOpticsAnalytics
|
12500000 | usd |
| CY2023Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
257163000 | usd |
| CY2022Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
242838000 | usd |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
506471000 | usd | |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
493657000 | usd | |
| CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
16756000 | usd |
| CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
18670000 | usd |
