$PEGA
PEGASYSTEMS INC

2013 Q4 Form 10-Q Financial Statement

#000119312513438450 Filed on November 12, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $153.4M $122.0M $101.7M
YoY Change 6.64% 20.02% 6.44%
Cost Of Revenue $43.80M $38.10M $37.67M
YoY Change 14.66% 1.15% -9.92%
Gross Profit $109.6M $83.91M $63.99M
YoY Change 3.76% 31.13% 19.18%
Gross Profit Margin 71.46% 68.77% 62.95%
Selling, General & Admin $60.30M $49.79M $44.09M
YoY Change 3.08% 12.95% 11.09%
% of Gross Profit 55.02% 59.34% 68.89%
Research & Development $20.60M $19.79M $19.51M
YoY Change 6.74% 1.44% 20.27%
% of Gross Profit 18.79% 23.58% 30.48%
Depreciation & Amortization $5.800M $4.800M $5.000M
YoY Change 26.09% -4.0% 13.64%
% of Gross Profit 5.29% 5.72% 7.81%
Operating Expenses $82.80M $70.12M $63.59M
YoY Change 6.43% 10.27% 14.17%
Operating Profit $24.30M $13.79M $401.0K
YoY Change -12.54% 3338.65% -119.97%
Interest Expense -$100.0K -$400.0K $600.0K
YoY Change -120.0% -166.67% -166.67%
% of Operating Profit -0.41% -2.9% 149.63%
Other Income/Expense, Net $100.0K -$1.163M -$920.0K
YoY Change -150.0% 26.41% -282.54%
Pretax Income $24.31M $13.41M $32.00K
YoY Change -13.65% 41806.25% -101.31%
Income Tax $8.700M $4.700M $363.0K
% Of Pretax Income 35.79% 35.05% 1134.38%
Net Earnings $15.56M $8.710M -$331.0K
YoY Change -23.75% -2731.42% -106.67%
Net Earnings / Revenue 10.15% 7.14% -0.33%
Basic Earnings Per Share $0.21 $0.11 -$0.01
Diluted Earnings Per Share $0.20 $0.11 -$0.01
COMMON SHARES
Basic Shares Outstanding 37.96M shares 75.91M shares 37.88M shares
Diluted Shares Outstanding 78.16M shares 37.88M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $156.7M $188.4M $111.3M
YoY Change 27.4% 69.27% 13.22%
Cash & Equivalents $80.23M $108.8M $66.24M
Short-Term Investments $76.50M $79.60M $45.10M
Other Short-Term Assets $9.148M $6.929M $6.276M
YoY Change 66.45% 10.4% -49.79%
Inventory
Prepaid Expenses
Receivables $165.6M $90.58M $80.80M
Other Receivables $4.400M $4.200M $10.80M
Total Short-Term Assets $348.2M $300.3M $219.1M
YoY Change 24.8% 37.09% 3.72%
LONG-TERM ASSETS
Property, Plant & Equipment $28.96M $28.98M $31.29M
YoY Change -6.07% -7.38% 169.7%
Goodwill $43.47M $20.45M $20.45M
YoY Change 112.55% 0.0%
Intangibles $56.57M $49.91M $61.01M
YoY Change -2.85% -18.19%
Long-Term Investments
YoY Change
Other Assets $2.526M $1.657M $1.767M
YoY Change 50.36% -6.23% -94.91%
Total Long-Term Assets $188.3M $150.7M $158.3M
YoY Change 17.32% -4.84% 14.0%
TOTAL ASSETS
Total Short-Term Assets $348.2M $300.3M $219.1M
Total Long-Term Assets $188.3M $150.7M $158.3M
Total Assets $536.5M $451.0M $377.4M
YoY Change 22.07% 19.5% 7.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.671M $2.347M $4.548M
YoY Change 10.24% -48.39% -24.2%
Accrued Expenses $31.62M $20.74M $17.31M
YoY Change 103.58% 19.81% -56.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $190.4M $146.8M $123.4M
YoY Change 22.73% 18.92% 5.94%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $18.84M $17.47M $14.39M
YoY Change 20.64% 21.34% -33.97%
Total Long-Term Liabilities $18.84M $17.47M $14.39M
YoY Change 20.64% 21.34% -33.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $190.4M $146.8M $123.4M
Total Long-Term Liabilities $18.84M $17.47M $14.39M
Total Liabilities $264.7M $195.9M $164.4M
YoY Change 30.38% 19.22% 18.84%
SHAREHOLDERS EQUITY
Retained Earnings $127.8M $113.4M $75.08M
YoY Change 35.48% 51.06%
Common Stock $140.3M $138.7M $379.0K
YoY Change 0.99% 36483.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $271.8M $255.1M $213.0M
YoY Change
Total Liabilities & Shareholders Equity $536.5M $451.0M $377.4M
YoY Change 22.07% 19.5% 7.8%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $15.56M $8.710M -$331.0K
YoY Change -23.75% -2731.42% -106.67%
Depreciation, Depletion And Amortization $5.800M $4.800M $5.000M
YoY Change 26.09% -4.0% 13.64%
Cash From Operating Activities -$2.700M $19.10M $16.60M
YoY Change -118.62% 15.06% 591.67%
INVESTING ACTIVITIES
Capital Expenditures -$1.400M -$2.200M -$7.000M
YoY Change -17.65% -68.57% 366.67%
Acquisitions
YoY Change
Other Investing Activities -$22.90M -$11.30M $2.700M
YoY Change 3171.43% -518.52% -118.88%
Cash From Investing Activities -$24.30M -$13.60M -$4.200M
YoY Change 872.0% 223.81% -73.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.700M -3.200M -2.400M
YoY Change 170.0% 33.33% 84.62%
NET CHANGE
Cash From Operating Activities -2.700M 19.10M 16.60M
Cash From Investing Activities -24.30M -13.60M -4.200M
Cash From Financing Activities -2.700M -3.200M -2.400M
Net Change In Cash -29.70M 2.300M 10.00M
YoY Change -370.0% -77.0% -167.57%
FREE CASH FLOW
Cash From Operating Activities -$2.700M $19.10M $16.60M
Capital Expenditures -$1.400M -$2.200M -$7.000M
Free Cash Flow -$1.300M $21.30M $23.60M
YoY Change -108.02% -9.75% 505.13%

Facts In Submission

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dei Trading Symbol
TradingSymbol
PEGA
dei Entity Registrant Name
EntityRegistrantName
PEGASYSTEMS INC
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Entity Central Index Key
EntityCentralIndexKey
0001013857
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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dei Document Fiscal Period Focus
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Q3
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