2016 Q1 Form 10-Q Financial Statement

#000085700516000050 Filed on February 10, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $291.0M $325.4M
YoY Change -10.58% -0.99%
Cost Of Revenue $80.15M $92.94M
YoY Change -13.77% -0.91%
Gross Profit $210.9M $232.5M
YoY Change -9.3% -1.02%
Gross Profit Margin 72.46% 71.44%
Selling, General & Admin $121.0M $124.6M
YoY Change -2.9% 3.78%
% of Gross Profit 57.38% 53.6%
Research & Development $57.67M $61.10M
YoY Change -5.61% 9.83%
% of Gross Profit 27.35% 26.28%
Depreciation & Amortization $20.61M $21.24M
YoY Change -2.94% 10.61%
% of Gross Profit 9.78% 9.13%
Operating Expenses $224.2M $194.9M
YoY Change 15.03% 6.09%
Operating Profit -$13.29M $37.63M
YoY Change -135.32% -26.52%
Interest Expense -$6.700M -$2.500M
YoY Change 168.0% 4.17%
% of Operating Profit -6.64%
Other Income/Expense, Net -$6.253M -$3.224M
YoY Change 93.95% 19.76%
Pretax Income -$19.55M $34.41M
YoY Change -156.81% -29.09%
Income Tax $4.347M $4.123M
% Of Pretax Income 11.98%
Net Earnings -$23.89M $30.28M
YoY Change -178.89% -30.79%
Net Earnings / Revenue -8.21% 9.31%
Basic Earnings Per Share -$0.21 $0.26
Diluted Earnings Per Share -$0.21 $0.26
COMMON SHARES
Basic Shares Outstanding 114.2M shares 115.3M shares
Diluted Shares Outstanding 114.2M shares 117.0M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $296.8M $261.1M
YoY Change 13.67% -3.48%
Cash & Equivalents $296.8M $261.1M
Short-Term Investments
Other Short-Term Assets $144.9M $203.5M
YoY Change -28.84% 18.88%
Inventory
Prepaid Expenses $56.54M
Receivables $161.4M $201.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $659.6M $696.1M
YoY Change -5.24% -1.05%
LONG-TERM ASSETS
Property, Plant & Equipment $60.88M $65.77M
YoY Change -7.43% 8.47%
Goodwill $1.086B $1.001B
YoY Change 8.52% 15.15%
Intangibles $317.7M $319.0M
YoY Change -0.42% 13.98%
Long-Term Investments
YoY Change
Other Assets $41.90M $41.05M
YoY Change 2.06% 8.99%
Total Long-Term Assets $1.556B $1.441B
YoY Change 7.99% 14.77%
TOTAL ASSETS
Total Short-Term Assets $659.6M $696.1M
Total Long-Term Assets $1.556B $1.441B
Total Assets $2.216B $2.137B
YoY Change 3.68% 9.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.17M $13.86M
YoY Change -12.2%
Accrued Expenses $189.3M $149.1M
YoY Change 26.96% 5.45%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $31.30M
YoY Change -100.0% 150.4%
Total Short-Term Liabilities $579.4M $589.0M
YoY Change -1.63% 12.01%
LONG-TERM LIABILITIES
Long-Term Debt $718.1M $574.4M
YoY Change 25.02% 87.96%
Other Long-Term Liabilities $53.24M $70.51M
YoY Change -24.49% -24.9%
Total Long-Term Liabilities $53.24M $70.51M
YoY Change -24.49% -24.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $579.4M $589.0M
Total Long-Term Liabilities $53.24M $70.51M
Total Liabilities $1.380B $1.282B
YoY Change 7.66% 31.23%
SHAREHOLDERS EQUITY
Retained Earnings -$626.5M -$619.9M
YoY Change 1.07% -14.73%
Common Stock $1.145M $1.149M
YoY Change -0.35% -3.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $835.9M $855.5M
YoY Change
Total Liabilities & Shareholders Equity $2.216B $2.137B
YoY Change 3.68% 9.09%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income -$23.89M $30.28M
YoY Change -178.89% -30.79%
Depreciation, Depletion And Amortization $20.61M $21.24M
YoY Change -2.94% 10.61%
Cash From Operating Activities $61.25M $13.63M
YoY Change 349.34% -87.7%
INVESTING ACTIVITIES
Capital Expenditures $4.185M $7.947M
YoY Change -47.34% -276.6%
Acquisitions $64.78M -$180.0K
YoY Change -36088.89% -100.16%
Other Investing Activities -$64.80M -$800.0K
YoY Change 8000.0% -99.28%
Cash From Investing Activities -$68.97M -$8.767M
YoY Change 686.64% -92.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.000K $3.000K
YoY Change -66.67%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $32.92M -$27.75M
YoY Change -218.63% -70.69%
NET CHANGE
Cash From Operating Activities $61.25M $13.63M
Cash From Investing Activities -$68.97M -$8.767M
Cash From Financing Activities $32.92M -$27.75M
Net Change In Cash $25.21M -$22.89M
YoY Change -210.16% -77.11%
FREE CASH FLOW
Cash From Operating Activities $61.25M $13.63M
Capital Expenditures $4.185M $7.947M
Free Cash Flow $57.07M $5.685M
YoY Change 903.85% -95.07%

Facts In Submission

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CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
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CY2016Q1 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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4000000 USD
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CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2016Q1 dei Document Fiscal Period Focus
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CY2016Q1 dei Entity Central Index Key
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CY2016Q1 dei Amendment Flag
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CY2016Q1 dei Current Fiscal Year End Date
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CY2016Q1 dei Document Fiscal Year Focus
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CY2016Q1 dei Entity Common Stock Shares Outstanding
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CY2016Q1 dei Entity Filer Category
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PTC Inc.
CY2016Q1 pmtc Additional Borrowing Capacity On Credit Facility If Agreed To By Lenders
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500000000 USD
CY2015Q1 pmtc Amortization Of Acquired Intangible Assets Excluding Purchased Software
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CY2016Q1 pmtc Amortization Of Acquired Intangible Assets Excluding Purchased Software
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CY2015Q1 pmtc Amortization Of Acquired Intangible Assets Recorded In Cost Of License Revenue
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CY2016Q1 pmtc Amortization Of Acquired Intangible Assets Recorded In Cost Of License Revenue
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CY2015Q3 pmtc Contingent Consideration Liability Fair Value Disclosure
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CY2016Q1 pmtc Contingent Consideration Liability Fair Value Disclosure
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CY2016Q1 pmtc Fixed Charge Coverage Ratio Actual
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7.65
CY2015Q1 pmtc General And Administrative Expenses Including Allocation Of Restructuring Charges
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CY2016Q1 pmtc General And Administrative Expenses Including Allocation Of Restructuring Charges
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CY2016Q1 pmtc Leverage Ratio Actual
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2.68
CY2016Q1 pmtc Maximum Term Of Credit Extended To Customers
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CY2015Q1 pmtc Perpetuallicenserevenue
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64748000 USD
CY2016Q1 pmtc Perpetuallicenserevenue
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CY2016Q1 pmtc Segment Reporting Number Of Operating And Reportable Segments
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2 segments
CY2015Q1 pmtc Selling And Marketing Expenses Including Allocation Of Restructuring Charges
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CY2016Q1 pmtc Selling And Marketing Expenses Including Allocation Of Restructuring Charges
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CY2016Q1 pmtc Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Common Stock Issuable Per Restricted Stock Unit
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1
CY2015Q1 pmtc Subscriptionlicenserevenue
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14223000 USD
CY2016Q1 pmtc Subscriptionlicenserevenue
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22176000 USD
CY2015Q1 pmtc Totalrecurringsoftwarerevenue
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195852000 USD
CY2016Q1 pmtc Totalrecurringsoftwarerevenue
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193932000 USD
CY2016Q1 pmtc Unrecognized Tax Benefits That Would Impact Effective Tax Rate Resulting Change In Valuation Allowance
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4600000 USD
CY2016Q1 pmtc Voting Interest In Foreign Subsidiaries Pledged Against Credit Facility
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0.65
CY2014Q3 us-gaap Accelerated Share Repurchases Settlement Payment Or Receipt
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125000000 USD
CY2015Q3 us-gaap Accounts Payable Current
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CY2015Q3 us-gaap Accrued Income Taxes Current
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CY2016Q1 us-gaap Accrued Income Taxes Current
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CY2015Q3 us-gaap Additional Paid In Capital
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CY2015Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2016Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2015Q1 us-gaap Amortization Of Intangible Assets
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CY2016Q1 us-gaap Amortization Of Intangible Assets
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CY2016Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1970000 shares
CY2016Q1 us-gaap Cost Of Revenue
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CY2015Q3 us-gaap Assets
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23380000 USD
CY2015Q3 us-gaap Commitments And Contingencies
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0 USD
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1622000 USD
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0 USD
CY2015Q3 us-gaap Deferred Tax Liabilities Noncurrent
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42361000 USD

Files In Submission

Name View Source Status
0000857005-16-000050-index-headers.html Edgar Link pending
0000857005-16-000050-index.html Edgar Link pending
0000857005-16-000050.txt Edgar Link pending
0000857005-16-000050-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
pmtc-20160102.xml Edgar Link completed
pmtc-20160102.xsd Edgar Link pending
pmtc-20160102_cal.xml Edgar Link unprocessable
pmtc-20160102_def.xml Edgar Link unprocessable
pmtc-20160102_lab.xml Edgar Link unprocessable
pmtc-20160102_pre.xml Edgar Link unprocessable
ptc01022016ex101q1.htm Edgar Link pending
ptc01022016ex311q1.htm Edgar Link pending
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