$PTC
PTC INC.

2023 Q2 Form 10-Q Financial Statement

#000095017023017177 Filed on May 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $542.3M $542.2M $505.2M
YoY Change 17.27% 7.31% 9.41%
Cost Of Revenue $115.9M $113.5M $93.34M
YoY Change 13.59% 21.61% 4.4%
Gross Profit $426.5M $428.7M $411.9M
YoY Change 18.31% 4.08% 10.63%
Gross Profit Margin 78.64% 79.06% 81.53%
Selling, General & Admin $202.1M $195.1M $160.0M
YoY Change 12.96% 21.97% -15.79%
% of Gross Profit 47.4% 45.52% 38.84%
Research & Development $103.8M $100.3M $81.94M
YoY Change 17.75% 22.47% 12.94%
% of Gross Profit 24.34% 23.41% 19.89%
Depreciation & Amortization $27.91M $27.71M $21.38M
YoY Change 26.91% 29.6% -0.09%
% of Gross Profit 6.54% 6.46% 5.19%
Operating Expenses $316.6M $306.1M $252.7M
YoY Change 12.86% 21.15% -6.63%
Operating Profit $109.9M $122.5M $159.2M
YoY Change 37.41% -23.02% 56.54%
Interest Expense $35.84M $41.53M $12.24M
YoY Change 160.47% 239.28% -5.31%
% of Operating Profit 32.61% 33.89% 7.69%
Other Income/Expense, Net $2.462M -$41.47M -$43.39M
YoY Change -92.88% -4.41% 1701.7%
Pretax Income $76.53M $81.07M $103.6M
YoY Change -24.06% -21.72% 19.93%
Income Tax $15.13M $17.57M $13.89M
% Of Pretax Income 19.77% 21.67% 13.41%
Net Earnings $61.40M $63.50M $89.68M
YoY Change -12.88% -29.19% -17.92%
Net Earnings / Revenue 11.32% 11.71% 17.75%
Basic Earnings Per Share $0.52 $0.54 $0.77
Diluted Earnings Per Share $0.51 $0.53 $0.76
COMMON SHARES
Basic Shares Outstanding 118.4M 118.3M 117.0M
Diluted Shares Outstanding 119.4M 119.0M 117.8M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $281.5M $320.5M $307.4M
YoY Change -12.66% 4.24% -5.73%
Cash & Equivalents $281.5M $320.5M $307.4M
Short-Term Investments $0.00
Other Short-Term Assets $77.42M $83.62M $150.1M
YoY Change 26.77% -44.28% 6.35%
Inventory
Prepaid Expenses $118.9M $119.3M
Receivables $625.5M $643.0M $510.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.103B $1.166B $967.0M
YoY Change 16.33% 20.63% 7.23%
LONG-TERM ASSETS
Property, Plant & Equipment $89.18M $92.00M $242.7M
YoY Change -1.8% -62.09% -1.3%
Goodwill $3.377B $3.369B $2.186B
YoY Change 41.74% 54.11%
Intangibles $959.1M $979.2M
YoY Change 140.6%
Long-Term Investments
YoY Change
Other Assets $387.6M $391.5M $627.3M
YoY Change 7.95% -37.6% 46.03%
Total Long-Term Assets $5.104B $5.133B $3.412B
YoY Change 39.57% 50.47% 4.03%
TOTAL ASSETS
Total Short-Term Assets $1.103B $1.166B $967.0M
Total Long-Term Assets $5.104B $5.133B $3.412B
Total Assets $6.208B $6.300B $4.379B
YoY Change 34.79% 43.88% 4.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.49M $37.69M $23.74M
YoY Change 12.33% 58.77% 6.94%
Accrued Expenses $322.6M $272.7M $226.7M
YoY Change 25.94% 20.33% -8.24%
Deferred Revenue $631.3M $649.3M
YoY Change 31.15%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.612B $1.593B $782.4M
YoY Change 109.4% 103.62% 2.03%
LONG-TERM LIABILITIES
Long-Term Debt $1.738B $1.918B $1.266B
YoY Change 21.97% 51.53% -16.1%
Other Long-Term Liabilities $33.13M $32.87M $242.5M
YoY Change -21.81% -86.44% -0.71%
Total Long-Term Liabilities $33.13M $32.87M $1.508B
YoY Change -21.81% -97.82% -13.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.612B $1.593B $782.4M
Total Long-Term Liabilities $33.13M $32.87M $1.508B
Total Liabilities $3.609B $3.781B $2.295B
YoY Change 47.4% 64.79% -9.33%
SHAREHOLDERS EQUITY
Retained Earnings $927.7M $866.3M
YoY Change 49.41%
Common Stock $1.186M $1.182M
YoY Change 1.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.599B $2.519B $2.084B
YoY Change
Total Liabilities & Shareholders Equity $6.208B $6.300B $4.379B
YoY Change 34.79% 43.88% 4.72%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $61.40M $63.50M $89.68M
YoY Change -12.88% -29.19% -17.92%
Depreciation, Depletion And Amortization $27.91M $27.71M $21.38M
YoY Change 26.91% 29.6% -0.09%
Cash From Operating Activities $169.2M $210.9M $142.3M
YoY Change 44.92% 48.22% 16.95%
INVESTING ACTIVITIES
Capital Expenditures $5.085M $3.770M -$6.152M
YoY Change -193.0% -161.28% 28.17%
Acquisitions
YoY Change
Other Investing Activities -$1.311M -$836.5M $47.53M
YoY Change -99.43% -1860.02% -106.67%
Cash From Investing Activities -$6.396M -$840.3M $41.38M
YoY Change -97.3% -2130.81% -105.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -199.5M 561.6M -170.8M
YoY Change -235.93% -428.77% -132.37%
NET CHANGE
Cash From Operating Activities 169.2M 210.9M 142.3M
Cash From Investing Activities -6.396M -840.3M 41.38M
Cash From Financing Activities -199.5M 561.6M -170.8M
Net Change In Cash -36.64M -67.68M 12.87M
YoY Change -238.11% -625.97% -119.06%
FREE CASH FLOW
Cash From Operating Activities $169.2M $210.9M $142.3M
Capital Expenditures $5.085M $3.770M -$6.152M
Free Cash Flow $164.1M $207.2M $148.5M
YoY Change 34.28% 39.54% 17.37%

Facts In Submission

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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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CY2023Q1 ptc Other Comprehensive Income Loss Pensionand Other Postretirement Benefit Plans Net Unamortized Gain Lossof Foreign Currency Arising During Period Netof Tax
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CY2022Q1 ptc Other Comprehensive Income Loss Pensionand Other Postretirement Benefit Plans Net Unamortized Gain Lossof Foreign Currency Arising During Period Netof Tax
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ptc Shares Surrendered By Employees To Pay Taxes Related To Stock Based Awards Value
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