$PEGA
PEGASYSTEMS INC

2018 Q2 Form 10-Q Financial Statement

#000119312518242751 Filed on August 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $196.8M $186.6M
YoY Change 5.46% -1.27%
Cost Of Revenue $73.82M $67.88M
YoY Change 8.75% 12.94%
Gross Profit $123.0M $118.7M
YoY Change 3.57% -7.89%
Gross Profit Margin 62.49% 63.62%
Selling, General & Admin $104.2M $87.91M
YoY Change 18.48% 3.04%
% of Gross Profit 84.7% 74.04%
Research & Development $41.97M $39.76M
YoY Change 5.56% 11.77%
% of Gross Profit 34.13% 33.49%
Depreciation & Amortization $6.400M $6.300M
YoY Change 1.59% 1.61%
% of Gross Profit 5.2% 5.31%
Operating Expenses $146.1M $127.7M
YoY Change 14.46% 4.19%
Operating Profit -$23.16M -$8.947M
YoY Change 158.89% -240.68%
Interest Expense $1.900M -$2.000M
YoY Change -195.0% -500.0%
% of Operating Profit
Other Income/Expense, Net $0.00 $566.0K
YoY Change -100.0% -141.74%
Pretax Income -$21.29M -$10.42M
YoY Change 104.3% -289.54%
Income Tax -$10.88M -$14.12M
% Of Pretax Income
Net Earnings -$10.41M $3.702M
YoY Change -381.17% -18.39%
Net Earnings / Revenue -5.29% 1.98%
Basic Earnings Per Share -$0.13 $0.05
Diluted Earnings Per Share -$0.13 $0.04
COMMON SHARES
Basic Shares Outstanding 78.64M shares 77.31M shares
Diluted Shares Outstanding 78.64M shares 82.95M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $243.6M $180.0M
YoY Change 35.33% 30.81%
Cash & Equivalents $144.3M $121.6M
Short-Term Investments $99.30M $58.40M
Other Short-Term Assets $63.86M $18.51M
YoY Change 245.12% -16.5%
Inventory
Prepaid Expenses
Receivables $141.4M $217.0M
Other Receivables $0.00 $22.10M
Total Short-Term Assets $600.2M $437.6M
YoY Change 37.14% 13.83%
LONG-TERM ASSETS
Property, Plant & Equipment $38.88M
YoY Change 3.03%
Goodwill $72.91M $72.89M
YoY Change 0.03% -2.01%
Intangibles
YoY Change
Long-Term Investments $2.100M
YoY Change
Other Assets $130.6M $4.615M
YoY Change 2730.21% 26.54%
Total Long-Term Assets $372.9M $225.3M
YoY Change 65.47% 2.94%
TOTAL ASSETS
Total Short-Term Assets $600.2M $437.6M
Total Long-Term Assets $372.9M $225.3M
Total Assets $973.0M $663.0M
YoY Change 46.77% 9.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.41M $13.50M
YoY Change 6.75% 20.58%
Accrued Expenses $44.88M $38.24M
YoY Change 17.38% -17.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $271.5M $266.0M
YoY Change 2.09% 9.43%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $24.15M $15.52M
YoY Change 55.63% -5.44%
Total Long-Term Liabilities $24.15M $15.52M
YoY Change 55.63% -5.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $271.5M $266.0M
Total Long-Term Liabilities $24.15M $15.52M
Total Liabilities $333.9M $294.3M
YoY Change 13.43% 5.66%
SHAREHOLDERS EQUITY
Retained Earnings $506.8M $232.1M
YoY Change 118.34% 23.29%
Common Stock $142.2M $140.9M
YoY Change 0.94% -0.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $639.2M $368.6M
YoY Change
Total Liabilities & Shareholders Equity $973.0M $663.0M
YoY Change 46.77% 9.88%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$10.41M $3.702M
YoY Change -381.17% -18.39%
Depreciation, Depletion And Amortization $6.400M $6.300M
YoY Change 1.59% 1.61%
Cash From Operating Activities $19.70M $53.40M
YoY Change -63.11% 3237.5%
INVESTING ACTIVITIES
Capital Expenditures -$4.400M -$2.600M
YoY Change 69.23% -63.89%
Acquisitions
YoY Change
Other Investing Activities -$10.60M $5.200M
YoY Change -303.85% -152.0%
Cash From Investing Activities -$15.10M $2.500M
YoY Change -704.0% -114.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -22.70M -18.90M
YoY Change 20.11% 58.82%
NET CHANGE
Cash From Operating Activities 19.70M 53.40M
Cash From Investing Activities -15.10M 2.500M
Cash From Financing Activities -22.70M -18.90M
Net Change In Cash -18.10M 37.00M
YoY Change -148.92% -234.06%
FREE CASH FLOW
Cash From Operating Activities $19.70M $53.40M
Capital Expenditures -$4.400M -$2.600M
Free Cash Flow $24.10M $56.00M
YoY Change -56.96% 536.36%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2018Q2 us-gaap Assets
Assets
973040000
CY2018Q2 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
99724000
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
144291000
CY2018Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
78645411 shares
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
121626000
CY2018Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
14411000
CY2018Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-9784000
CY2018Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
44882000
CY2018Q2 us-gaap Assets Current
AssetsCurrent
600185000
CY2018Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
141384000
CY2018Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
10143000
CY2018Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
141400000
CY2018Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
22000
CY2018Q2 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
99292000
CY2018Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
454000
CY2018Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2018Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
78748000 shares
CY2018Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
3970000
CY2018Q2 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
243583000
CY2018Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
78748000 shares
CY2018Q2 us-gaap Common Stock Value
CommonStockValue
787000
CY2018Q2 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
1545000
CY2018Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
2425000
CY2018Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
163525000
CY2018Q2 us-gaap Deferred Tax Liabilities Gross Noncurrent
DeferredTaxLiabilitiesGrossNoncurrent
38208000
CY2018Q2 us-gaap Deferred Costs
DeferredCosts
42246000
CY2018Q2 us-gaap Deferred Revenue
DeferredRevenue
169735000
CY2018Q2 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
6210000
CY2018Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
79700000
CY2018Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
48691000
CY2018Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
101229000
CY2018Q2 us-gaap Liabilities
Liabilities
333868000
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
973040000
CY2018Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
2365000
CY2018Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
130614000
CY2018Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
127446000
CY2018Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
26217000
CY2018Q2 us-gaap Goodwill
Goodwill
72911000
CY2017Q4 us-gaap Assets
Assets
1011567000
CY2018Q2 us-gaap Liabilities Current
LiabilitiesCurrent
271509000
CY2017Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
45508000
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-6460000
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-6692000
CY2018Q2 pega Unbilled Receivables Current And Non Current
UnbilledReceivablesCurrentAndNonCurrent
320684000
CY2018Q2 pega Revenue Remaining Performance Obligation Expected To Be Recognized Year Three And Thereafter
RevenueRemainingPerformanceObligationExpectedToBeRecognizedYearThreeAndThereafter
59604000
CY2018Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
12518000
CY2018Q2 us-gaap Other Assets Current
OtherAssetsCurrent
63864000
CY2018Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
24151000
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
476660000
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
506769000
CY2018Q2 us-gaap Unbilled Receivables Not Billable At Balance Sheet Date Amount Expected To Be Collected Within One Year
UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedWithinOneYear
151354000
CY2018Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
4837000
CY2018Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
151354000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
639172000
CY2018Q2 pega Accrued Sales And Marketing Events Current
AccruedSalesAndMarketingEventsCurrent
9282000
CY2018Q2 pega Employee Related Expenses Current
EmployeeRelatedExpensesCurrent
5737000
CY2018Q2 pega Accounts Receivable And Unbilled Receivable
AccountsReceivableAndUnbilledReceivable
462068000
CY2018Q2 pega Unbilled Receivables Non Current
UnbilledReceivablesNonCurrent
169330000
CY2018Q2 pega Revenue Remaining Performance Obligation Expected To Be Recognized Year One
RevenueRemainingPerformanceObligationExpectedToBeRecognizedYearOne
140209000
CY2018Q2 pega Revenue Remaining Performance Obligation Expected To Be Recognized Year Two
RevenueRemainingPerformanceObligationExpectedToBeRecognizedYearTwo
63603000
CY2018Q2 pega Unbilled Receivables Not Billable At Balance Sheet Date Amount Expected To Be Collected Within Year One And Two
UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedWithinYearOneAndTwo
79654000
CY2018Q2 pega Unbilled Receivables Not Billable At Balance Sheet Date Amount Expected To Be Collected Within Year Two And Five
UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedWithinYearTwoAndFive
89676000
CY2018Q2 pega Revenue Remaining Performance Obligation Expected To Be Recognized Remainder Of The Year
RevenueRemainingPerformanceObligationExpectedToBeRecognizedRemainderOfTheYear
213244000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
70594000
CY2017Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
17370000
CY2017Q4 us-gaap Assets Current
AssetsCurrent
646516000
CY2017Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
222735000
CY2017Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
14468000
CY2017Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
152097000
CY2017Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1000
CY2017Q4 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
61469000
CY2017Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
285000
CY2017Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
61753000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
162279000
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
78081000 shares
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
131391000
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
10767000
CY2017Q4 us-gaap Other Assets
OtherAssets
416148000
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
41135000
CY2017Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
914000
CY2017Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
223748000
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
78081000 shares
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
781000
CY2017Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
914000
CY2017Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
37924000
CY2017Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
14240000
CY2017Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
166297000
CY2017Q4 us-gaap Deferred Tax Liabilities Gross Noncurrent
DeferredTaxLiabilitiesGrossNoncurrent
38463000
CY2017Q4 us-gaap Deferred Costs
DeferredCosts
37924000
CY2017Q4 us-gaap Deferred Revenue
DeferredRevenue
170003000
CY2017Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
3706000
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
66040000
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
95568000
CY2017Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
2344000
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
127467000
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
31899000
CY2017Q4 us-gaap Goodwill
Goodwill
72952000
CY2017Q4 us-gaap Liabilities
Liabilities
357330000
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1011567000
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
295215000
CY2017Q4 us-gaap Other Liabilities
OtherLiabilities
148864000
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
23652000
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
508051000
CY2017Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
7420000
CY2017Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
158898000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
654237000
CY2017Q4 pega Accrued Sales And Marketing Events Current
AccruedSalesAndMarketingEventsCurrent
6444000
CY2017Q4 pega Employee Related Expenses Current
EmployeeRelatedExpensesCurrent
4065000
CY2017Q4 pega Accounts Receivable And Unbilled Receivable
AccountsReceivableAndUnbilledReceivable
542341000
CY2017Q4 pega Unbilled Receivables Non Current
UnbilledReceivablesNonCurrent
160708000
CY2017Q4 pega Other Equity
OtherEquity
152646000
CY2017Q4 pega Accounts And Unbilled Receivable And Contract Assets Net Current
AccountsAndUnbilledReceivableAndContractAssetsNetCurrent
382547000
us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
5496000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6374000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-508000
us-gaap Investment Income Net
InvestmentIncomeNet
407000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1159000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-34860000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
4613000
us-gaap Operating Expenses
OperatingExpenses
249980000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
287000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
30247000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
276000 shares
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
51032000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.06
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
63063000
us-gaap Cost Of Revenue
CostOfRevenue
135965000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.01 pure
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12356000
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8102000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.69
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1282000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.74
us-gaap Gross Profit
GrossProfit
306940000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1497000
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
14874000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
25041000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
56157000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
6272000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
85769000
us-gaap Net Income Loss
NetIncomeLoss
56665000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
6398000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-5182000
us-gaap Operating Income Loss
OperatingIncomeLoss
56960000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
126000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
16656000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
20824000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5327000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
144881000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
442905000
us-gaap Revenues
Revenues
442905000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
80058000
us-gaap Share Based Compensation
ShareBasedCompensation
26440000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5373000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82412000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77039000 shares
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5673000
dei Amendment Flag
AmendmentFlag
false
dei Entity Registrant Name
EntityRegistrantName
PEGASYSTEMS INC.
us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
7598000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
242000 shares
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-17988000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.06
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1301000
us-gaap Cost Of Revenue
CostOfRevenue
149431000
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
168200000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
1.13 pure
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12474000
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
dei Document Type
DocumentType
10-Q
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y2M12D
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
6482000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1226000
dei Entity Central Index Key
EntityCentralIndexKey
0001013857
dei Document Period End Date
DocumentPeriodEndDate
2018-06-30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
us-gaap Gross Profit
GrossProfit
282530000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
159000
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-30158000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
26645000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-13312000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-15103000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-41000
us-gaap Investment Income Net
InvestmentIncomeNet
1393000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-46369000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-45825000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
4702000
us-gaap Operating Expenses
OperatingExpenses
297757000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-2977000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
75432000
us-gaap Net Income Loss
NetIncomeLoss
1791000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-3092000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
156000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
363000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
41123000
us-gaap Operating Income Loss
OperatingIncomeLoss
-15227000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-115000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
51395000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
11546000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
6520000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
182355000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
431961000
us-gaap Revenues
Revenues
431961000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
88757000
us-gaap Share Based Compensation
ShareBasedCompensation
31165000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4811000 shares
dei Trading Symbol
TradingSymbol
PEGA
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83247000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78436000 shares
pega Fair Value Measurements Transfers Between Level One And Level Two
FairValueMeasurementsTransfersBetweenLevelOneAndLevelTwo
0
pega Amortization Period For Deferred Finance Costs
AmortizationPeriodForDeferredFinanceCosts
P5Y
pega Marketable Debt Securities Weighted Average Remaining Maturity Period
MarketableDebtSecuritiesWeightedAverageRemainingMaturityPeriod
P1Y6M0D
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2017Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3174000
CY2017Q2 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
2902000
CY2017Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
237000 shares
CY2017Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.03
CY2017Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7744000
CY2017Q2 us-gaap Cost Of Revenue
CostOfRevenue
67875000
CY2017Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4287000
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2017Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
4043000
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
3702000
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-14123000
CY2017Q2 us-gaap Investment Income Net
InvestmentIncomeNet
202000
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
127668000
CY2017Q2 us-gaap Gross Profit
GrossProfit
118721000
CY2017Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2242000
CY2017Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12706000
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-10421000
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4042000
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
566000
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-8947000
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1000
CY2017Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
75200000
CY2017Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
186596000
CY2017Q2 us-gaap Revenues
Revenues
186596000
CY2017Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
39762000
CY2017Q2 us-gaap Share Based Compensation
ShareBasedCompensation
13932000
CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5632000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82945000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77313000 shares
CY2018Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2836000
CY2018Q2 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
3809000
CY2018Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6500000 shares
CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.03
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-17750000
CY2018Q2 us-gaap Cost Of Revenue
CostOfRevenue
73817000
CY2018Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3341000
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2018Q2 us-gaap Gross Profit
GrossProfit
122962000
CY2018Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1244000
CY2018Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10181000
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-21290000
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10881000
CY2018Q2 us-gaap Investment Income Net
InvestmentIncomeNet
629000
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
146125000
CY2018Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-7414000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-10409000
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-7341000
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-23163000
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
73000
CY2018Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
93972000
CY2018Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
196779000
CY2018Q2 us-gaap Revenues
Revenues
196779000
CY2018Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
41972000
CY2018Q2 us-gaap Share Based Compensation
ShareBasedCompensation
16056000
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78635000 shares
CY2017Q4 pega Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingProvisionalIncomeTaxExpenseBenefit
20400000
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78635000 shares

Files In Submission

Name View Source Status
0001193125-18-242751-index-headers.html Edgar Link pending
0001193125-18-242751-index.html Edgar Link pending
0001193125-18-242751.txt Edgar Link pending
0001193125-18-242751-xbrl.zip Edgar Link pending
d921489d10q.htm Edgar Link pending
d921489dex311.htm Edgar Link pending
d921489dex312.htm Edgar Link pending
d921489dex32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
g921489page21new.jpg Edgar Link pending
pega-20180630.xml Edgar Link completed
pega-20180630.xsd Edgar Link pending
pega-20180630_cal.xml Edgar Link unprocessable
pega-20180630_def.xml Edgar Link unprocessable
pega-20180630_lab.xml Edgar Link unprocessable
pega-20180630_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending