$PTC
PTC INC.

2024 Q3 Form 10-Q Financial Statement

#000095017024089978 Filed on August 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $626.5M $518.6M
YoY Change 14.63% -4.37%
Cost Of Revenue $112.8M $111.9M
YoY Change -2.65% -3.4%
Gross Profit $513.7M $406.7M
YoY Change 19.25% -4.63%
Gross Profit Margin 81.99% 78.42%
Selling, General & Admin $199.1M $190.0M
YoY Change 1.16% -6.02%
% of Gross Profit 38.75% 46.71%
Research & Development $110.0M $110.3M
YoY Change 7.86% 6.2%
% of Gross Profit 21.41% 27.11%
Depreciation & Amortization $26.85M $27.13M
YoY Change -3.77% -2.79%
% of Gross Profit 5.23% 6.67%
Operating Expenses $319.6M $310.9M
YoY Change 3.28% -1.8%
Operating Profit $194.1M $95.82M
YoY Change 59.99% -12.81%
Interest Expense -$23.95M $27.79M
YoY Change -29.98% -22.47%
% of Operating Profit -12.34% 29.0%
Other Income/Expense, Net $220.0K -$663.0K
YoY Change -86.25% -126.93%
Pretax Income $170.2M $67.37M
YoY Change 92.37% -11.96%
Income Tax $43.72M -$1.605M
% Of Pretax Income 25.68% -2.38%
Net Earnings $126.5M $68.98M
YoY Change 177.46% 12.35%
Net Earnings / Revenue 20.19% 13.3%
Basic Earnings Per Share $0.58
Diluted Earnings Per Share $1.04 $0.57
COMMON SHARES
Basic Shares Outstanding 120.1M 119.7M
Diluted Shares Outstanding 120.8M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $265.8M $247.7M
YoY Change -7.74% -11.99%
Cash & Equivalents $265.8M $247.7M
Short-Term Investments
Other Short-Term Assets $68.01M $59.69M
YoY Change -16.9% -22.9%
Inventory
Prepaid Expenses $102.9M $109.4M
Receivables $862.0M $675.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.299B $1.092B
YoY Change 1.67% -1.04%
LONG-TERM ASSETS
Property, Plant & Equipment $75.19M $77.54M
YoY Change -14.94% -13.06%
Goodwill $3.462B $3.442B
YoY Change 3.08% 1.92%
Intangibles $897.5M $910.5M
YoY Change -4.65% -5.07%
Long-Term Investments
YoY Change
Other Assets $357.6M $323.1M
YoY Change 0.16% -16.63%
Total Long-Term Assets $5.085B $5.036B
YoY Change 1.46% -1.33%
TOTAL ASSETS
Total Short-Term Assets $1.299B $1.092B
Total Long-Term Assets $5.085B $5.036B
Total Assets $6.384B $6.128B
YoY Change 1.51% -1.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.20M $47.15M
YoY Change -44.35% 154.99%
Accrued Expenses $327.5M $307.5M
YoY Change 2.99% -4.7%
Deferred Revenue $754.0M $671.2M
YoY Change 13.33% 6.32%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $521.5M $518.1M
YoY Change 5462.67%
Total Short-Term Liabilities $1.667B $1.569B
YoY Change -0.24% -2.63%
LONG-TERM LIABILITIES
Long-Term Debt $1.227B $1.293B
YoY Change -27.24% -25.61%
Other Long-Term Liabilities $63.83M $40.49M
YoY Change 60.35% 22.2%
Total Long-Term Liabilities $63.83M $40.49M
YoY Change 60.35% 22.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.667B $1.569B
Total Long-Term Liabilities $63.83M $40.49M
Total Liabilities $3.169B $3.113B
YoY Change -12.25% -13.73%
SHAREHOLDERS EQUITY
Retained Earnings $1.350B $1.223B
YoY Change 38.67% 31.84%
Common Stock $1.202M $1.200M
YoY Change 1.18% 1.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.214B $3.015B
YoY Change
Total Liabilities & Shareholders Equity $6.384B $6.128B
YoY Change 1.51% -1.28%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $126.5M $68.98M
YoY Change 177.46% 12.35%
Depreciation, Depletion And Amortization $26.85M $27.13M
YoY Change -3.77% -2.79%
Cash From Operating Activities $98.11M $213.8M
YoY Change 97.02% 26.34%
INVESTING ACTIVITIES
Capital Expenditures $8.527M $1.639M
YoY Change 29.2% -67.77%
Acquisitions
YoY Change
Other Investing Activities -$16.81M $6.050M
YoY Change -354.77% -561.48%
Cash From Investing Activities -$25.34M $4.411M
YoY Change -168.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -59.85M -216.5M
YoY Change 52.69% 8.55%
NET CHANGE
Cash From Operating Activities 98.11M 213.8M
Cash From Investing Activities -25.34M 4.411M
Cash From Financing Activities -59.85M -216.5M
Net Change In Cash 12.92M 1.680M
YoY Change 21.87% -104.59%
FREE CASH FLOW
Cash From Operating Activities $98.11M $213.8M
Capital Expenditures $8.527M $1.639M
Free Cash Flow $89.59M $212.2M
YoY Change 107.38% 29.26%

Facts In Submission

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68978000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
61398000
us-gaap Net Income Loss
NetIncomeLoss
249810000
us-gaap Net Income Loss
NetIncomeLoss
199937000
CY2024Q2 ptc Other Comprehensive Income Loss General Hedge Gain Loss Before Reclassification Tax Provision Benefit Amount
OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationTaxProvisionBenefitAmount
800000
CY2023Q2 ptc Other Comprehensive Income Loss General Hedge Gain Loss Before Reclassification Tax Provision Benefit Amount
OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationTaxProvisionBenefitAmount
-200000
ptc Other Comprehensive Income Loss General Hedge Gain Loss Before Reclassification Tax Provision Benefit Amount
OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationTaxProvisionBenefitAmount
-900000
ptc Other Comprehensive Income Loss General Hedge Gain Loss Before Reclassification Tax Provision Benefit Amount
OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationTaxProvisionBenefitAmount
-4700000
CY2024Q2 ptc Other Comprehensive Income Loss General Hedge Gain Loss Before Reclassification Net Of Tax
OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationNetOfTax
2292000
CY2023Q2 ptc Other Comprehensive Income Loss General Hedge Gain Loss Before Reclassification Net Of Tax
OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationNetOfTax
-521000
ptc Other Comprehensive Income Loss General Hedge Gain Loss Before Reclassification Net Of Tax
OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationNetOfTax
-2787000
ptc Other Comprehensive Income Loss General Hedge Gain Loss Before Reclassification Net Of Tax
OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationNetOfTax
-14005000
CY2024Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0
CY2024Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-9344000
CY2023Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1405000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
538000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
70181000
CY2024Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
0
CY2023Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
0
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-100000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
0
CY2024Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-112000
CY2023Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
24000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-106000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
356000
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-6940000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
860000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2143000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
55820000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
62038000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
62258000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
247667000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
255757000
us-gaap Net Income Loss
NetIncomeLoss
249810000
us-gaap Net Income Loss
NetIncomeLoss
199937000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
81272000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
76943000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
23143000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
24705000
us-gaap Share Based Compensation
ShareBasedCompensation
161242000
us-gaap Share Based Compensation
ShareBasedCompensation
147568000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
297000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
3114000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-131422000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5407000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
8666000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
5961000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
8393000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
18696000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1795000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-9910000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
9962000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-8670000
ptc Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-13438000
ptc Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-1360000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-22045000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
11932000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
651870000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
561092000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9841000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18035000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
93457000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
828271000
ptc Proceeds From Sale Of Investments
ProceedsFromSaleOfInvestments
0
ptc Proceeds From Sale Of Investments
ProceedsFromSaleOfInvestments
349000
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
0
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
5823000
us-gaap Payments For Proceeds From Hedge Investing Activities
PaymentsForProceedsFromHedgeInvestingActivities
-3826000
us-gaap Payments For Proceeds From Hedge Investing Activities
PaymentsForProceedsFromHedgeInvestingActivities
14204000
ptc Divestitures Of Businesses And Assets Net
DivestituresOfBusinessesAndAssetsNet
0
ptc Divestitures Of Businesses And Assets Net
DivestituresOfBusinessesAndAssetsNet
154000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-99472000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
944845000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1130000000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
835796000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
744000000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
12709000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10592000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
92589000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
75489000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
217000
ptc Payments Of Credit Facility Origination Costs
PaymentsOfCreditFacilityOriginationCosts
0
ptc Payments Of Credit Facility Origination Costs
PaymentsOfCreditFacilityOriginationCosts
13355000
ptc Payment Of Deferred Acquisition Consideration
PaymentOfDeferredAcquisitionConsideration
620040000
ptc Payment Of Deferred Acquisition Consideration
PaymentOfDeferredAcquisitionConsideration
0
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-590871000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
307531000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-2003000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6835000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-40476000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9320000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
288798000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
272888000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
248322000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
282208000
ptc Withholding Taxes In Connection With Stock Based Awards Accrued
WithholdingTaxesInConnectionWithStockBasedAwardsAccrued
7674000
ptc Withholding Taxes In Connection With Stock Based Awards Accrued
WithholdingTaxesInConnectionWithStockBasedAwardsAccrued
5705000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4941000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
23142000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
2943132000
CY2024Q2 ptc Shares Surrendered By Employees To Pay Taxes Related To Stock Based Awards Value
SharesSurrenderedByEmployeesToPayTaxesRelatedToStockBasedAwardsValue
28071000
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
37580000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
68978000
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax
2292000
CY2024Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-9344000
CY2024Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-112000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
3014679000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
2677290000
ptc Shares Surrendered By Employees To Pay Taxes Related To Stock Based Awards Value
SharesSurrenderedByEmployeesToPayTaxesRelatedToStockBasedAwardsValue
99945000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
12709000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
176958000
us-gaap Net Income Loss
NetIncomeLoss
249810000
us-gaap Other Comprehensive Income Loss Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax
-2787000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
538000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-106000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
3014679000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
2518534000
CY2023Q2 ptc Shares Surrendered By Employees To Pay Taxes Related To Stock Based Awards Value
SharesSurrenderedByEmployeesToPayTaxesRelatedToStockBasedAwardsValue
25172000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
43044000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
61398000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax
-521000
CY2023Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1405000
CY2023Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
24000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
2598664000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
2296034000
ptc Shares Surrendered By Employees To Pay Taxes Related To Stock Based Awards Value
SharesSurrenderedByEmployeesToPayTaxesRelatedToStockBasedAwardsValue
81194000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
10592000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
117475000
us-gaap Net Income Loss
NetIncomeLoss
199937000
us-gaap Other Comprehensive Income Loss Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax
-14005000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
70181000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
356000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
2598664000
CY2024Q2 ptc Short Term And Long Term Receivables
ShortTermAndLongTermReceivables
840382000
CY2023Q3 ptc Short Term And Long Term Receivables
ShortTermAndLongTermReceivables
997490000
CY2024Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
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CY2023Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
16465000
CY2024Q2 us-gaap Deferred Revenue
DeferredRevenue
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CY2023Q3 us-gaap Deferred Revenue
DeferredRevenue
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us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
619200000
CY2024Q2 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
27000000
CY2023Q3 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
23700000
CY2024Q2 us-gaap Deferred Revenue
DeferredRevenue
687600000
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2069800000
CY2024Q2 ptc Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Percentage
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPercentage
0.59
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2024Q2 ptc Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Percentage
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPercentage
0.26
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
518639000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
542342000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1671925000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1550433000
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
88803000
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
79129000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
283975000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
235430000
CY2024Q2 us-gaap Share Based Compensation
ShareBasedCompensation
48038000
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
53818000
us-gaap Share Based Compensation
ShareBasedCompensation
161242000
us-gaap Share Based Compensation
ShareBasedCompensation
147568000
CY2024Q2 ptc Liability Classified Awards Related To Stock Based Compensation
LiabilityClassifiedAwardsRelatedToStockBasedCompensation
29100000
CY2023Q3 ptc Liability Classified Awards Related To Stock Based Compensation
LiabilityClassifiedAwardsRelatedToStockBasedCompensation
44900000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
68978000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
61398000
us-gaap Net Income Loss
NetIncomeLoss
249810000
us-gaap Net Income Loss
NetIncomeLoss
199937000
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
119893000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118483000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
119533000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118186000
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
929000
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
909000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1060000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
886000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120822000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119392000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120593000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119072000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.69
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.57
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.68
CY2024Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
200000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
3000000
CY2023Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
800000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
18500000
CY2024Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2024Q2 us-gaap Goodwill
Goodwill
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CY2023Q3 us-gaap Goodwill
Goodwill
3358511000
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1826656000
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
916151000
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
910505000
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1795627000
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
854378000
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
941249000
CY2024Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
4352750000
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
6616000
CY2024Q2 us-gaap Goodwill
Goodwill
3442245000
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10672000
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10670000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
31459000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
29352000
CY2024Q2 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
9685000
CY2023Q2 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
9841000
us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
28835000
us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
25817000
CY2024Q2 ptc Amortization Of Intangible Assets Including Cost Of Goods And Services Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsAndServicesSoldAmortization
20357000
CY2023Q2 ptc Amortization Of Intangible Assets Including Cost Of Goods And Services Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsAndServicesSoldAmortization
20511000
ptc Amortization Of Intangible Assets Including Cost Of Goods And Services Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsAndServicesSoldAmortization
60294000
ptc Amortization Of Intangible Assets Including Cost Of Goods And Services Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsAndServicesSoldAmortization
55169000
CY2024Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
41103000
CY2024Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
41284000
CY2024Q2 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
2103000
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
CY2024Q2 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
1700000
CY2023Q2 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
500000
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
1800000
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
3400000
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
67373000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
76526000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
298717000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
244019000
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1605000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15128000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
48907000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
44082000
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.02
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.20
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.16
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.18
us-gaap Other Noncash Income Tax Expense
OtherNoncashIncomeTaxExpense
3600000
CY2024Q2 ptc Gross Debt
GrossDebt
1815750000
CY2023Q3 ptc Gross Debt
GrossDebt
1702000000
CY2024Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
4596000
CY2023Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
6215000
CY2024Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1811154000
CY2023Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1695785000
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
518100000
CY2024Q2 ptc Amount Borrowed From Credit Facility Foreign Subsidiary
AmountBorrowedFromCreditFacilityForeignSubsidiary
123000000
CY2024Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
27800000
us-gaap Interest Expense Debt
InterestExpenseDebt
94700000
CY2023Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
35800000
us-gaap Interest Expense Debt
InterestExpenseDebt
93700000
CY2024Q2 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.053
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.055
CY2023Q2 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.052
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.048
CY2024Q2 ptc Rule10 B51 Arr Modified Flag
Rule10B51ArrModifiedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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