$PRGS
Progress Software Corp

2024 Q3 Form 10-Q Financial Statement

#000087616724000160 Filed on October 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $178.7M
YoY Change 2.11%
Cost Of Revenue $29.06M
YoY Change -11.71%
Gross Profit $149.6M
YoY Change 5.31%
Gross Profit Margin 83.73%
Selling, General & Admin $57.64M
YoY Change -2.96%
% of Gross Profit 38.53%
Research & Development $34.72M
YoY Change 4.77%
% of Gross Profit 23.21%
Depreciation & Amortization $75.01M
YoY Change 174.76%
% of Gross Profit 50.13%
Operating Expenses $106.2M
YoY Change -5.79%
Operating Profit $43.45M
YoY Change 47.93%
Interest Expense -$6.070M
YoY Change -171.14%
% of Operating Profit -13.97%
Other Income/Expense, Net -$6.070M
YoY Change -27.9%
Pretax Income $34.28M
YoY Change 63.61%
Income Tax $5.815M
% Of Pretax Income 16.96%
Net Earnings $28.46M
YoY Change 49.04%
Net Earnings / Revenue 15.93%
Basic Earnings Per Share $0.66
Diluted Earnings Per Share $0.65
COMMON SHARES
Basic Shares Outstanding 42.87M shares
Diluted Shares Outstanding 43.71M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $232.7M
YoY Change 68.63%
Cash & Equivalents $232.7M
Short-Term Investments
Other Short-Term Assets $33.00M
YoY Change -1.33%
Inventory
Prepaid Expenses
Receivables $87.68M
Other Receivables $0.00
Total Short-Term Assets $388.6M
YoY Change 28.3%
LONG-TERM ASSETS
Property, Plant & Equipment $12.57M
YoY Change -22.22%
Goodwill $832.7M
YoY Change 0.81%
Intangibles $284.7M
YoY Change -24.84%
Long-Term Investments
YoY Change
Other Assets $12.73M
YoY Change 56.64%
Total Long-Term Assets $1.231B
YoY Change -4.89%
TOTAL ASSETS
Total Short-Term Assets $388.6M
Total Long-Term Assets $1.231B
Total Assets $1.620B
YoY Change 1.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.78M
YoY Change 23.51%
Accrued Expenses $77.67M
YoY Change 1.39%
Deferred Revenue $218.0M
YoY Change -0.71%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $314.9M
YoY Change -3.02%
LONG-TERM LIABILITIES
Long-Term Debt $795.3M
YoY Change 6.95%
Other Long-Term Liabilities $4.372M
YoY Change -4.79%
Total Long-Term Liabilities $4.372M
YoY Change -99.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $314.9M
Total Long-Term Liabilities $4.372M
Total Liabilities $319.3M
YoY Change -70.24%
SHAREHOLDERS EQUITY
Retained Earnings $119.2M
YoY Change 3.57%
Common Stock $429.0K
YoY Change -2.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $425.6M
YoY Change
Total Liabilities & Shareholders Equity $1.620B
YoY Change 1.4%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $28.46M
YoY Change 49.04%
Depreciation, Depletion And Amortization $75.01M
YoY Change 174.76%
Cash From Operating Activities $57.66M
YoY Change 25.07%
INVESTING ACTIVITIES
Capital Expenditures $1.064M
YoY Change -11.33%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$1.064M
YoY Change 166.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$9.750M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.96M
YoY Change -55.16%
NET CHANGE
Cash From Operating Activities 57.66M
Cash From Investing Activities -1.064M
Cash From Financing Activities -15.96M
Net Change In Cash 40.63M
YoY Change 302.3%
FREE CASH FLOW
Cash From Operating Activities $57.66M
Capital Expenditures $1.064M
Free Cash Flow $56.59M
YoY Change 26.04%

Facts In Submission

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us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.525
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.525
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
28464000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
19098000 usd
us-gaap Net Income Loss
NetIncomeLoss
67291000 usd
us-gaap Net Income Loss
NetIncomeLoss
54862000 usd
CY2024Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
2084000 usd
CY2023Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1667000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
643000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
5124000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
0 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-360000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-170000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-465000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-537000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-1135000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-1476000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
174992000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
538448000 usd
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
0 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
43795955 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
43795955 shares
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-8419000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10623000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
0 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2084000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1130000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-492000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3648000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
30548000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
20228000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
66799000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
58510000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
459715000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
9892000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
7540000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
10627000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
35011000 usd
prgs Purchase Of Capped Calls Net Of Tax
PurchaseOfCappedCallsNetOfTax
32080000 usd
us-gaap Dividends Common Stock
DividendsCommonStock
23861000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
86777000 usd
us-gaap Net Income Loss
NetIncomeLoss
67291000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-492000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
425612000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
401667000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
2972000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1994000 usd
CY2024Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
35000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10558000 usd
CY2024Q3 us-gaap Dividends Common Stock
DividendsCommonStock
7764000 usd
CY2024Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
14328000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
28464000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2084000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
425612000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
398504000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
7769000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
12161000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
8101000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
30111000 usd
us-gaap Dividends Common Stock
DividendsCommonStock
23908000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
30000000 usd
us-gaap Net Income Loss
NetIncomeLoss
54862000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3648000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
445046000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
418815000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
2499000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1392000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10072000 usd
CY2023Q3 us-gaap Dividends Common Stock
DividendsCommonStock
7960000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
19098000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1130000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
445046000 usd
us-gaap Net Income Loss
NetIncomeLoss
67291000 usd
us-gaap Net Income Loss
NetIncomeLoss
54862000 usd
us-gaap Depreciation
Depreciation
4806000 usd
us-gaap Depreciation
Depreciation
4690000 usd
prgs Amortization Of Acquired Intangibles And Other
AmortizationOfAcquiredIntangiblesAndOther
70835000 usd
prgs Amortization Of Acquired Intangibles And Other
AmortizationOfAcquiredIntangiblesAndOther
71121000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2540000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1621000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
35011000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
30111000 usd
prgs Noncash Lease Expense
NoncashLeaseExpense
8898000 usd
prgs Noncash Lease Expense
NoncashLeaseExpense
6958000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
14840000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
18521000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
329000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
472000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-25407000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-31478000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-15090000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-14294000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
0 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2209000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-6796000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-14027000 usd
prgs Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
-8682000 usd
prgs Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
-7860000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1341000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
2362000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-9387000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-39011000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
191843000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
140759000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
15262000 usd
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
0 usd
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
15700000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2328000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3181000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
355250000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2328000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-357993000 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
17474000 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
20373000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
10627000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
8101000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
86777000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
30000000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
11200000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
438750000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
prgs Purchase Of Capped Calls
PurchaseOfCappedCalls
42210000 usd
prgs Purchase Of Capped Calls
PurchaseOfCappedCalls
0 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
23814000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
23669000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
195000000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
6821000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-85275000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
93446000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1515000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5510000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
105755000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-118278000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
126958000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
256277000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
232713000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
137999000 usd
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
2242000 usd
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
924000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
15865000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
14640000 usd
us-gaap Interest Paid Net
InterestPaidNet
7961000 usd
us-gaap Interest Paid Net
InterestPaidNet
17630000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
29036000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
23077000 usd
prgs Dividends Declared And Unpaid
DividendsDeclaredAndUnpaid
8423000 usd
prgs Dividends Declared And Unpaid
DividendsDeclaredAndUnpaid
8354000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div>The preparation of financial statements requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. On an on-going basis, management evaluates its estimates and records changes in estimates in the period in which they become known. These estimates are based on historical data and experience, as well as various other assumptions that management believes to be reasonable under the circumstances. The most significant estimates relate to revenue recognition, loss contingencies and the MOVEit Vulnerability, and business combinations. Actual results could differ from those estimates.
CY2024Q3 prgs Cash Cash Equivalents And Investments Cost Basis
CashCashEquivalentsAndInvestmentsCostBasis
232713000 usd
CY2024Q3 prgs Cash Cash Equivalents And Investments At Fair Value
CashCashEquivalentsAndInvestmentsAtFairValue
232713000 usd
CY2024Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
600000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-1500000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-2600000 usd
CY2024Q3 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
82778000 usd
CY2024Q3 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
86000 usd
CY2023Q4 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
103073000 usd
CY2023Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-2530000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
788719000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
504013000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
284706000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
788719000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
434441000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
354278000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20100000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
69100000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
25700000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
71100000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
19947000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
78759000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
69314000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
44740000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
33157000 usd
CY2024Q3 prgs Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
38789000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
284706000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
832101000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
700000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-53000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
832748000 usd
CY2024Q1 prgs Capped Calls Number Of Shares Subject To Anti Dilution Adjustments
CappedCallsNumberOfSharesSubjectToAntiDilutionAdjustments
6600000 shares
CY2024Q1 prgs Capped Calls Price Cap
CappedCallsPriceCap
92.98
CY2024Q1 prgs Capped Calls Premium Percentage Over Sale Price
CappedCallsPremiumPercentageOverSalePrice
0.75
CY2024Q1 prgs Adjustments To Additional Paid In Capital Purchase Of Capped Calls Net Of Tax
AdjustmentsToAdditionalPaidInCapitalPurchaseOfCappedCallsNetOfTax
42200000 usd
CY2024Q3 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
3938000 usd
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
7875000 usd
CY2024Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
450000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
896000 usd
CY2024Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
4388000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
8771000 usd
CY2023Q1 prgs Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
150000000 usd
CY2023Q1 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
228000000.0 usd
CY2024Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
300000 shares
CY2024Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
14300000 usd
CY2023Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1600000 shares
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
86800000 usd
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
500000 shares
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
30000000.0 usd
CY2024Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
107200000 usd
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10558000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10072000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
35011000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
30111000 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-46000 usd
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
446000 usd
CY2023 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
400000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
178686000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
174992000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
538448000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
517469000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
178686000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
517469000 usd
CY2024Q3 prgs Contract With Customer Asset Net Noncurrent Due Remainder Of Fiscal Year
ContractWithCustomerAssetNetNoncurrentDueRemainderOfFiscalYear
10564000 usd
CY2024Q3 prgs Contract With Customer Asset Net Noncurrent Due In Year One
ContractWithCustomerAssetNetNoncurrentDueInYearOne
20507000 usd
CY2024Q3 prgs Contract With Customer Asset Net Noncurrent Due In Year Two
ContractWithCustomerAssetNetNoncurrentDueInYearTwo
3565000 usd
CY2024Q3 prgs Contract With Customer Asset
ContractWithCustomerAsset
34636000 usd
CY2023Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
0 usd
CY2024Q3 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
0 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
295036000 usd
prgs Contract With Customer Liability Billings And Other
ContractWithCustomerLiabilityBillingsAndOther
528796000 usd
prgs Contract With Customer Liability Recognition Of Revenue From Prior Periods
ContractWithCustomerLiabilityRecognitionOfRevenueFromPriorPeriods
235649000 usd
prgs Contract With Customer Liability Recognition Of Revenue From Current Period
ContractWithCustomerLiabilityRecognitionOfRevenueFromCurrentPeriod
302799000 usd
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
285384000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
346000000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.73
CY2024Q3 prgs Deferred Contract Costs
DeferredContractCosts
6100000 usd
CY2023Q4 prgs Deferred Contract Costs
DeferredContractCosts
7600000 usd
CY2023Q4 us-gaap Restructuring Reserve
RestructuringReserve
5187000 usd
us-gaap Restructuring Charges
RestructuringCharges
3308000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
4287000 usd
CY2024Q3 us-gaap Restructuring Reserve
RestructuringReserve
4208000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28464000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19098000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
67291000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
54862000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42872000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43452000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43296000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43365000 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.27
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
28464000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
19098000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
67291000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
54862000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42872000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43452000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43296000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43365000 shares
CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
839000 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1353000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
871000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1178000 shares
CY2024Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
176000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43711000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44981000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44167000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44543000 shares
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.65
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.52
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.23
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
560000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
849000 shares
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
252000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
286000 shares
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
prgs Percentage Of Determined Vulnerability In Companys Mov Eit Transfer Product Revenue
PercentageOfDeterminedVulnerabilityInCompanysMOVEitTransferProductRevenue
0.04
CY2022Q4 prgs Cybersecurity Insurance Maximum
CybersecurityInsuranceMaximum
15000000 usd
us-gaap Insurance Recoveries
InsuranceRecoveries
7500000 usd
CY2024Q3 prgs Cybersecurity Insurance Additional Coverage
CybersecurityInsuranceAdditionalCoverage
7500000 usd
CY2024Q3 prgs Cybersecurity Insurance Per Claim Deductible
CybersecurityInsurancePerClaimDeductible
500000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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0000876167-24-000160.txt Edgar Link pending
0000876167-24-000160-xbrl.zip Edgar Link pending
exhibit311-q32024.htm Edgar Link pending
exhibit312-q32024.htm Edgar Link pending
exhibit321-q32024.htm Edgar Link pending
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