$PTC
PTC INC.

2024 Q2 Form 10-Q Financial Statement

#000095017024052860 Filed on May 03, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $518.6M $603.1M
YoY Change -4.37% 11.23%
Cost Of Revenue $111.9M $110.1M
YoY Change -3.4% -3.04%
Gross Profit $406.7M $493.0M
YoY Change -4.63% 15.01%
Gross Profit Margin 78.42% 81.75%
Selling, General & Admin $190.0M $196.0M
YoY Change -6.02% 0.47%
% of Gross Profit 46.71% 39.76%
Research & Development $110.3M $107.0M
YoY Change 6.2% 6.63%
% of Gross Profit 27.11% 21.7%
Depreciation & Amortization $27.13M $26.92M
YoY Change -2.79% -2.84%
% of Gross Profit 6.67% 5.46%
Operating Expenses $310.9M $313.5M
YoY Change -1.8% 2.39%
Operating Profit $95.82M $179.6M
YoY Change -12.81% 46.53%
Interest Expense $27.79M $31.59M
YoY Change -22.47% -23.93%
% of Operating Profit 29.0% 17.59%
Other Income/Expense, Net -$663.0K -$2.224M
YoY Change -126.93% -94.64%
Pretax Income $67.37M $145.7M
YoY Change -11.96% 79.78%
Income Tax -$1.605M $31.30M
% Of Pretax Income -2.38% 21.48%
Net Earnings $68.98M $114.4M
YoY Change 12.35% 80.22%
Net Earnings / Revenue 13.3% 18.98%
Basic Earnings Per Share $0.58 $0.96
Diluted Earnings Per Share $0.57 $0.95
COMMON SHARES
Basic Shares Outstanding 119.7M 119.6M
Diluted Shares Outstanding 120.8M 120.7M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $247.7M $249.0M
YoY Change -11.99% -22.31%
Cash & Equivalents $247.7M $249.0M
Short-Term Investments
Other Short-Term Assets $59.69M $60.95M
YoY Change -22.9% -27.11%
Inventory
Prepaid Expenses $109.4M $137.4M
Receivables $675.0M $705.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.092B $1.153B
YoY Change -1.04% -1.17%
LONG-TERM ASSETS
Property, Plant & Equipment $77.54M $81.81M
YoY Change -13.06% -11.08%
Goodwill $3.442B $3.446B
YoY Change 1.92% 2.3%
Intangibles $910.5M $931.5M
YoY Change -5.07% -4.88%
Long-Term Investments
YoY Change
Other Assets $323.1M $348.3M
YoY Change -16.63% -11.02%
Total Long-Term Assets $5.036B $5.052B
YoY Change -1.33% -1.57%
TOTAL ASSETS
Total Short-Term Assets $1.092B $1.153B
Total Long-Term Assets $5.036B $5.052B
Total Assets $6.128B $6.205B
YoY Change -1.28% -1.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $47.15M $19.64M
YoY Change 154.99% -47.9%
Accrued Expenses $307.5M $252.5M
YoY Change -4.7% -7.41%
Deferred Revenue $671.2M $708.8M
YoY Change 6.32% 9.18%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $518.1M $514.7M
YoY Change
Total Short-Term Liabilities $1.569B $1.515B
YoY Change -2.63% -4.9%
LONG-TERM LIABILITIES
Long-Term Debt $1.293B $1.491B
YoY Change -25.61% -22.25%
Other Long-Term Liabilities $40.49M $41.80M
YoY Change 22.2% 27.17%
Total Long-Term Liabilities $40.49M $41.80M
YoY Change 22.2% 27.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.569B $1.515B
Total Long-Term Liabilities $40.49M $41.80M
Total Liabilities $3.113B $3.262B
YoY Change -13.73% -13.73%
SHAREHOLDERS EQUITY
Retained Earnings $1.223B $1.154B
YoY Change 31.84% 33.23%
Common Stock $1.200M $1.197M
YoY Change 1.18% 1.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.015B $2.943B
YoY Change
Total Liabilities & Shareholders Equity $6.128B $6.205B
YoY Change -1.28% -1.5%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $68.98M $114.4M
YoY Change 12.35% 80.22%
Depreciation, Depletion And Amortization $27.13M $26.92M
YoY Change -2.79% -2.84%
Cash From Operating Activities $213.8M $250.7M
YoY Change 26.34% 18.86%
INVESTING ACTIVITIES
Capital Expenditures $1.639M $3.639M
YoY Change -67.77% -3.47%
Acquisitions
YoY Change
Other Investing Activities $6.050M $5.123M
YoY Change -561.48% -100.61%
Cash From Investing Activities $4.411M $1.484M
YoY Change -168.96% -100.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -216.5M -262.4M
YoY Change 8.55% -146.72%
NET CHANGE
Cash From Operating Activities 213.8M 250.7M
Cash From Investing Activities 4.411M 1.484M
Cash From Financing Activities -216.5M -262.4M
Net Change In Cash 1.680M -10.16M
YoY Change -104.59% -84.98%
FREE CASH FLOW
Cash From Operating Activities $213.8M $250.7M
Capital Expenditures $1.639M $3.639M
Free Cash Flow $212.2M $247.1M
YoY Change 29.26% 19.27%

Facts In Submission

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ptc Other Comprehensive Income Loss General Hedge Gain Loss Before Reclassification Tax Provision Benefit Amount
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CY2023Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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CY2023Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2024Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2023Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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CY2024Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2023Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2024Q1 us-gaap Comprehensive Income Net Of Tax
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CY2023Q1 us-gaap Comprehensive Income Net Of Tax
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ComprehensiveIncomeNetOfTax
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us-gaap Increase Decrease In Deferred Revenue
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ptc Increase Decrease In Operating Lease Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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PaymentsToAcquirePropertyPlantAndEquipment
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PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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PaymentsToAcquireOtherInvestments
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us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
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PaymentsForProceedsFromHedgeInvestingActivities
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us-gaap Payments For Proceeds From Hedge Investing Activities
PaymentsForProceedsFromHedgeInvestingActivities
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ptc Divestitures Of Businesses And Assets Net
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ptc Divestitures Of Businesses And Assets Net
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Lines Of Credit
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ProceedsFromIssuanceOfCommonStock
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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ptc Payments Of Credit Facility Origination Costs
PaymentsOfCreditFacilityOriginationCosts
0
ptc Payments Of Credit Facility Origination Costs
PaymentsOfCreditFacilityOriginationCosts
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ptc Payment Of Deferred Acquisition Consideration
PaymentOfDeferredAcquisitionConsideration
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ptc Payment Of Deferred Acquisition Consideration
PaymentOfDeferredAcquisitionConsideration
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NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2024Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2024Q1 us-gaap Net Income Loss
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CY2024Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2024Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2024Q1 us-gaap Stockholders Equity
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CY2023Q3 us-gaap Stockholders Equity
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ptc Shares Surrendered By Employees To Pay Taxes Related To Stock Based Awards Value
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us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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CY2024Q1 us-gaap Stockholders Equity
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q1 ptc Shares Surrendered By Employees To Pay Taxes Related To Stock Based Awards Value
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CY2023Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2023Q1 us-gaap Net Income Loss
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CY2023Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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CY2023Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2023Q1 us-gaap Stockholders Equity
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CY2022Q3 us-gaap Stockholders Equity
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ptc Shares Surrendered By Employees To Pay Taxes Related To Stock Based Awards Value
SharesSurrenderedByEmployeesToPayTaxesRelatedToStockBasedAwardsValue
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us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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us-gaap Other Comprehensive Income Loss Net Investment Hedge Gain Loss Before Reclassification And Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2023Q1 us-gaap Stockholders Equity
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CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
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CY2024Q1 ptc Short Term And Long Term Receivables
ShortTermAndLongTermReceivables
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CY2023Q3 ptc Short Term And Long Term Receivables
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CY2024Q1 us-gaap Contract With Customer Asset Net
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CY2023Q3 us-gaap Contract With Customer Asset Net
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CY2023Q3 us-gaap Deferred Revenue
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us-gaap Contract With Customer Liability Revenue Recognized
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CY2024Q1 us-gaap Contract With Customer Refund Liability
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CY2023Q3 us-gaap Contract With Customer Refund Liability
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CY2024Q1 us-gaap Deferred Revenue
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CY2024Q1 us-gaap Revenue Remaining Performance Obligation
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CY2024Q1 ptc Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Percentage
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CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
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CY2024Q1 ptc Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Percentage
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RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
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us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
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CY2024Q1 ptc Amortization Of Intangible Assets Including Cost Of Goods And Services Sold Amortization
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
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CY2024Q1 us-gaap Share Based Compensation
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CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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CY2024Q1 ptc Liability Classified Awards Related To Stock Based Compensation
LiabilityClassifiedAwardsRelatedToStockBasedCompensation
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CY2023Q3 ptc Liability Classified Awards Related To Stock Based Compensation
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CY2024Q1 us-gaap Net Income Loss
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CY2023Q1 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
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EarningsPerShareDiluted
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CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2024Q1 us-gaap Business Combination Acquisition Related Costs
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us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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CY2023Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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CY2023Q1 ptc Amortization Of Intangible Assets Including Cost Of Goods And Services Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsAndServicesSoldAmortization
20490000
ptc Amortization Of Intangible Assets Including Cost Of Goods And Services Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsAndServicesSoldAmortization
39937000
ptc Amortization Of Intangible Assets Including Cost Of Goods And Services Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsAndServicesSoldAmortization
34658000
us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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CY2024Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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CY2024Q1 us-gaap Assets Fair Value Disclosure
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CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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FiniteLivedIntangibleAssetsNet
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CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
854378000
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
941249000
CY2024Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
4377844000
CY2023Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
4299760000
CY2023Q3 us-gaap Goodwill
Goodwill
3358511000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
10744000
CY2024Q1 us-gaap Goodwill
Goodwill
3446373000
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10424000
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10656000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20787000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18682000
CY2024Q1 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
9584000
CY2023Q1 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
9834000
CY2023Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
72754000
CY2023Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2000000
CY2023Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
82094000
CY2023Q3 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
3158000
CY2024Q1 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-1100000
CY2023Q1 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-800000
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-100000
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-3900000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
145745000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
81069000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
231344000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
167493000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31300000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17565000
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.22
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.22
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.17
us-gaap Other Noncash Income Tax Expense
OtherNoncashIncomeTaxExpense
3600000
CY2024Q1 ptc Gross Debt
GrossDebt
2010875000
CY2023Q3 ptc Gross Debt
GrossDebt
1702000000
CY2024Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
5134000
CY2023Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
6215000
CY2024Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
2005741000
CY2023Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1695785000
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
514700000
CY2024Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
31600000
us-gaap Interest Expense Debt
InterestExpenseDebt
66900000
CY2023Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
41500000
us-gaap Interest Expense Debt
InterestExpenseDebt
57900000
CY2024Q1 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.055
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.056
CY2023Q1 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.052
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.047
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
true
CY2024Q1 ptc Rule10 B51 Arr Modified Flag
Rule10B51ArrModifiedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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