$PTC
PTC INC.

2024 Q1 Form 10-Q Financial Statement

#000095017024010527 Filed on February 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2022 Q4
Revenue $603.1M $550.2M $465.9M
YoY Change 11.23% 18.09% 1.79%
Cost Of Revenue $110.1M $110.0M $95.79M
YoY Change -3.04% 14.86% 0.71%
Gross Profit $493.0M $440.2M $370.1M
YoY Change 15.01% 18.93% 2.07%
Gross Profit Margin 81.75% 80.0% 79.44%
Selling, General & Admin $196.0M $206.1M $169.4M
YoY Change 0.47% 21.72% -4.54%
% of Gross Profit 39.76% 46.83% 45.76%
Research & Development $107.0M $105.8M $88.18M
YoY Change 6.63% 19.97% 9.49%
% of Gross Profit 21.7% 24.03% 23.82%
Depreciation & Amortization $26.92M $27.22M $21.33M
YoY Change -2.84% 27.64% -3.44%
% of Gross Profit 5.46% 6.18% 5.76%
Operating Expenses $313.5M $321.5M $265.6M
YoY Change 2.39% 21.06% -11.61%
Operating Profit $179.6M $118.7M $104.6M
YoY Change 46.53% 13.53% 68.17%
Interest Expense $31.59M $35.33M $16.36M
YoY Change -23.93% 116.0% 25.97%
% of Operating Profit 17.59% 29.76% 15.64%
Other Income/Expense, Net -$2.224M $2.220M -$18.48M
YoY Change -94.64% -112.01% -398.79%
Pretax Income $145.7M $85.60M $86.42M
YoY Change 79.78% -0.95% 56.07%
Income Tax $31.30M $19.21M $11.39M
% Of Pretax Income 21.48% 22.44% 13.18%
Net Earnings $114.4M $66.39M $75.04M
YoY Change 80.22% -11.53% 62.8%
Net Earnings / Revenue 18.98% 12.07% 16.11%
Basic Earnings Per Share $0.96 $0.56 $0.64
Diluted Earnings Per Share $0.95 $0.55 $631.7K
COMMON SHARES
Basic Shares Outstanding 119.6M 119.2M 117.5M
Diluted Shares Outstanding 120.7M 120.3M 118.8M

Balance Sheet

Concept 2024 Q1 2023 Q4 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $249.0M $265.0M $387.6M
YoY Change -22.31% -31.63% 30.66%
Cash & Equivalents $249.0M $265.0M $387.6M
Short-Term Investments
Other Short-Term Assets $60.95M $68.25M $66.78M
YoY Change -27.11% 2.21% -53.96%
Inventory
Prepaid Expenses $137.4M $123.2M $110.4M
Receivables $705.5M $678.0M $562.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.153B $1.134B $949.6M
YoY Change -1.17% 19.46% -5.91%
LONG-TERM ASSETS
Property, Plant & Equipment $81.81M $85.39M $243.8M
YoY Change -11.08% -64.97% 151.71%
Goodwill $3.446B $3.458B $2.389B
YoY Change 2.3% 44.79% 9.07%
Intangibles $931.5M $953.4M $373.8M
YoY Change -4.88% 155.02% 2.74%
Long-Term Investments
YoY Change
Other Assets $348.3M $375.1M $839.9M
YoY Change -11.02% -55.34% 163.92%
Total Long-Term Assets $5.052B $5.137B $3.846B
YoY Change -1.57% 33.56% 12.75%
TOTAL ASSETS
Total Short-Term Assets $1.153B $1.134B $949.6M
Total Long-Term Assets $5.052B $5.137B $3.846B
Total Assets $6.205B $6.271B $4.796B
YoY Change -1.5% 30.76% 8.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.64M $14.38M $38.98M
YoY Change -47.9% -63.1% 18.41%
Accrued Expenses $252.5M $259.7M $245.3M
YoY Change -7.41% 5.87% -12.17%
Deferred Revenue $708.8M $649.7M $500.2M
YoY Change 9.18% 29.88% 7.6%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $514.7M $12.50M
YoY Change
Total Short-Term Liabilities $1.515B $950.3M $516.0M
YoY Change -4.9% 84.16% -33.84%
LONG-TERM LIABILITIES
Long-Term Debt $1.491B $2.261B $1.351B
YoY Change -22.25% 67.33% -6.17%
Other Long-Term Liabilities $41.80M $42.82M $528.0M
YoY Change 27.17% -91.89% 1026.07%
Total Long-Term Liabilities $41.80M $42.82M $1.879B
YoY Change 27.17% -97.72% 3907.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.515B $950.3M $516.0M
Total Long-Term Liabilities $41.80M $42.82M $1.879B
Total Liabilities $3.262B $3.465B $2.395B
YoY Change -13.73% 44.64% -2.9%
SHAREHOLDERS EQUITY
Retained Earnings $1.154B $1.040B $802.8M
YoY Change 33.23% 29.51% 74.23%
Common Stock $1.197M $1.194M $1.182M
YoY Change 1.27% 1.02% 1.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.943B $2.807B $2.401B
YoY Change
Total Liabilities & Shareholders Equity $6.205B $6.271B $4.796B
YoY Change -1.5% 30.76% 8.49%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2022 Q4
OPERATING ACTIVITIES
Net Income $114.4M $66.39M $75.04M
YoY Change 80.22% -11.53% 62.8%
Depreciation, Depletion And Amortization $26.92M $27.22M $21.33M
YoY Change -2.84% 27.64% -3.44%
Cash From Operating Activities $250.7M $187.3M $180.9M
YoY Change 18.86% 3.55% 31.35%
INVESTING ACTIVITIES
Capital Expenditures $3.639M $4.563M -$9.180M
YoY Change -3.47% -149.71% -373.05%
Acquisitions $93.46M $0.00
YoY Change
Other Investing Activities $5.123M -$100.8M -$12.30M
YoY Change -100.61% 719.61% -290.0%
Cash From Investing Activities $1.484M -$105.4M -$21.48M
YoY Change -100.18% 390.56% -907.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $181.4M $0.00
YoY Change
Cash From Financing Activities -262.4M -112.0M -52.64M
YoY Change -146.72% 112.69% -68.88%
NET CHANGE
Cash From Operating Activities 250.7M 187.3M 180.9M
Cash From Investing Activities 1.484M -105.4M -21.48M
Cash From Financing Activities -262.4M -112.0M -52.64M
Net Change In Cash -10.16M -23.30M 106.8M
YoY Change -84.98% -121.82% -451.24%
FREE CASH FLOW
Cash From Operating Activities $250.7M $187.3M $180.9M
Capital Expenditures $3.639M $4.563M -$9.180M
Free Cash Flow $247.1M $182.8M $190.1M
YoY Change 19.27% -3.85% 41.47%

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