PTC Inc. PTC Cash Flow

Ptc inc. (PTC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09
Cash flows from operating activities:
Net income (loss)
7,156	35,455	9,826	-14,758	-43,513	20,985	13,191	16,997	7,922	13,877	17,435	-951	-1,104	-9,141	-28,473	3,073	-5,173	-23,892	-5,554	17,435	5,392	30,284	38,755	38,026	43,756	39,657	56,466	34,455	17,037	35,811	-83,985	22,895	3,569	22,123	37,621	15,526	19,017	13,260	-13,215	10,718	9,002	17,863
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
20,605	19,588	19,190	19,076	19,505	20,053	22,105	22,576	21,681	21,046	22,555	21,504	21,229	21,454	21,833	21,817	22,291	20,613	20,978	21,250	20,968	21,237	20,008	19,026	19,173	19,100	19,119	18,568	19,387	19,477	16,319	16,867	16,259	17,026	17,847	15,827	14,651	14,069	14,644	15,639	15,976	15,923
Stock-based compensation
20,484	27,936	14,792	15,234	26,967	29,407	30,924	16,658	17,026	18,331	20,569	16,574	21,577	17,988	14,175	13,796	14,836	23,189	12,047	14,071	12,822	11,242	13,027	12,532	12,566	12,764	13,907	11,177	11,810	11,893	11,900	13,331	12,692	13,382	12,944	11,560	9,871	11,027	11,254	11,510	12,292	13,855
Excess tax benefits realized from stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38	0	56	95	-234	0	163	852	1,484	1,290	6,802	163	32	111	28	871	0	303	150	3,091	1,777	268	262	-5	4	73	149
Non-cash portion of restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	0	260	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash items, net
703	1,223	-6,869	2,968	-252	5	838	-115	172	-361	3,808	-1,057	-149	-330	1,212	-42	-159	-45	104	52	-170	171	-911	-475	539	87	132	69	110	28	-17	96	110	101	190	-289	127	27	-863	118	552	240
Changes in operating assets and liabilities, excluding the effects of acquisitions:
Accounts receivable
14,127	-34,314	58,808	-33,753	-30,476	-24,025	799	10,832	-10,424	-21,603	22,081	-19,540	5,811	-21,184	5,882	5,118	-28,398	-35,219	15,183	-22,195	3,089	-25,800	7,071	2,112	2,536	-19,273	18,566	-13,689	-6,043	-16,142	9,473	-3,084	-25,403	-13,295	50,393	-2,160	-16,857	958	11,759	-2,467	-4,550	-4,211
Accounts payable and accrued expenses
24,152	-11,959	12,076	3,701	10,051	-9,628	21,790	-7,065	3,411	-12,885	17,721	-8,589	10,951	232	3,118	8,604	-24,228	-1,679	13,701	27,409	-7,199	-2,777	3,494	-584	2,601	-5,947	-8,201	9,484	104	-6,215	-675	-1,648	2,946	-9,179	-3,939	1,792	-2,496	4,585	6,798	-786	2,624	-236
Accrued litigation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-52,129	-	-	-	-
Accrued compensation and benefits
-1,066	-3,563	11,344	4,849	-787	-27,504	15,360	7,308	10,516	-40,172	15,672	1,251	2,071	-53,840	53,502	-773	-3,839	12,054	-29,488	-20,240	40,919	-48,141	33,252	10,007	2,630	-36,915	22,933	6,734	3,112	-21,743	-606	9,224	16,042	-23,677	11,847	11,771	6,412	-33,818	19,041	8,271	-281	-14,840
Deferred revenue
52,345	-34,952	20,550	-11,622	58,767	-21,820	-26,653	23,767	36,972	22,055	-40,177	18,528	39,183	-11,726	-28,360	20,573	22,757	1,262	-42,541	19,193	40,976	-8,776	-30,341	25,656	40,510	-10,827	-36,224	12,108	34,377	-3,534	-37,866	18,746	35,557	-2,075	-28,630	9,656	34,594	-7,425	-31,124	16,111	32,440	-15,987
Accrued income taxes
-1,113	-42,702	13,009	2,900	5,991	-21,668	40,328	-15,871	138	-14,272	17,034	-3,152	-8,584	-6,096	24,219	-8,644	-5,471	-3,355	22,072	-9,043	-13,612	-2,953	4,589	8,666	-1,514	7,393	25,138	204	-6,774	-33,779	24,106	-16,210	-9,492	-2,409	36,786	-8,657	-7,129	-2,069	17,185	-16,551	-3,693	-2,805
Other current assets and prepaid expenses
999	-1,680	-3,507	8,059	-874	-849	5,678	-2,253	-1,358	8,575	-8,007	-4,107	-3,805	15,229	-342	-6,131	3,323	-1,441	5,607	167	2,834	2,108	-292	-6,318	3,007	-814	-11,964	17,880	4,542	-1,345	-1,774	-2,985	4,311	-7,884	630	3,361	3,962	-6,127	4,611	-1,449	4,533	-1,316
Other noncurrent assets and liabilities
19,148	17,062	-	-25,511	-32,515	-6,520	-	6,690	-1,785	-4,146	-	-4,304	7,040	13,292	-	6	-2,478	3,587	-	5,446	2,521	9,842	-	8,851	2,706	2,355	-	3,986	-2,243	5,761	-	5,360	1,923	-164	-	5,775	9,398	472	-	-6,348	-908	3,369
Net cash provided by operating activities
87,817	7,512	55,216	67,585	141,130	21,214	61,960	49,194	111,083	25,515	32,740	73,913	76,426	-47,876	13,665	59,457	48,885	61,254	-12,560	86,839	91,992	13,632	51,165	106,423	110,722	36,242	43,661	84,590	82,796	13,636	20,931	64,010	96,549	36,485	27	48,433	78,276	-48,038	15,568	50,368	67,948	22,760
Cash flows from investing activities:
Additions to property and equipment
5,536	4,707	4,832	8,311	20,936	30,332	17,375	7,527	4,762	6,377	6,111	4,544	7,689	7,100	9,557	7,766	4,681	4,185	9,991	6,530	6,160	7,947	8,554	6,379	4,568	5,774	10,200	6,702	5,033	7,393	8,907	5,882	9,054	7,570	9,522	6,735	6,148	5,412	5,045	4,582	9,225	7,877
Purchases of short- and long-term marketable securities
4,559	5,592	14,077	4,490	7,724	6,736	6,248	4,269	9,546	4,248	5,553	10,753	3,420	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities of short- and long-term marketable securities
4,472	5,499	11,299	6,450	7,220	7,007	4,500	5,400	4,500	3,740	5,345	8,740	4,700	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions of businesses, net of cash acquired
771	467,749	0	17,284	-103	69,556	0	0	3,000	0	-	-	-	-	1,611	0	99,411	64,780	0	98,591	0	-180	212,006	0	111,519	0	25,026	-1,606	0	222,423	-950	0	290	880	14,873	265,153	0	0	634	0	1,505	582
Purchases of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	10,000	0	1,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of net investment hedges
-3,070	870	-5,166	-4,395	-1,709	1,595	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of investments
-	-	-	-	-	-	-	-	-	-	0	0	13,716	1,502	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of intangible asset
-	-	-	-	-	-	0	0	500	2,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-3,324	-473,419	-2,444	-19,240	-27,128	-101,212	-19,123	-7,396	-13,308	-9,385	-6,319	-11,517	7,307	-5,598	-11,728	-52,371	-104,092	-68,965	-9,991	-115,121	-6,160	-8,767	-220,560	-6,379	-116,087	-5,774	-34,505	-5,096	-5,033	-229,816	-7,957	-5,882	-9,344	-8,450	-24,395	-271,888	-6,148	-5,412	-5,679	-4,582	-10,730	-8,459
Cash flows from financing activities:
Borrowings under credit facility
0	455,000	0	0	50,000	155,000	50,000	150,000	0	50,000	0	50,000	40,000	60,000	0	500,000	120,000	50,000	50,000	100,000	0	35,000	911,875	0	364,375	110,000	0	0	0	0	190,000	0	0	40,000	0	250,000	0	0	-	-	-	-
Repayments of Lines of Credit
480,000	0	30,000	40,000	90,000	20,000	100,000	100,000	100,000	20,000	0	50,000	60,000	80,000	20,000	560,000	0	0	6,250	6,250	75,000	41,250	615,000	3,125	414,375	0	10,000	40,000	60,000	1,875	-40,000	20,000	40,000	40,000	50,000	0	0	0	-	-	-	-
Repurchases of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,959	19,965	19,155	15,792	0	19,970	14,983	0	-	-	-	-	2,496	14,974	40,000	5,072
Proceeds from issuance of common stock
8,980	0	8,817	0	8,798	-4,640	1,008,182	0	7,472	0	-	-	-	-	2	18	0	1	3	32	3	3	76	85	365	351	1,472	538	2,229	645	5,895	1,192	6,927	7,196	2,495	6,287	3,742	12,232	6,760	1,479	3,054	3,991
Payments of Debt Issuance Costs
15,266	1,000	-	-	0	0	-	-	-	-	-	-	-	-	-	5,709	0	1,050	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration
0	0	0	0	0	1,575	525	4,574	0	3,176	0	8,343	0	2,711	0	9,371	0	1,250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of withholding taxes in connection with vesting of restricted stock units and restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,587	-15,581
Excess tax benefits realized from stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38	0	56	95	-234	0	163	852	1,484	1,290	6,802	163	32	111	28	871	0	303	150	3,091	1,777	268	262	-5	4	73	149
Payments of withholding taxes in connection with stock-based awards
722	22,849	209	9,700	703	33,788	603	10,855	454	33,488	456	7,078	543	18,623	303	5,165	638	14,833	90	7,253	195	21,669	108	5,112	2,274	19,363	22	2,083	3,543	9,348	74	1,428	6,804	12,661	468	96	4,788	17,168	-	-	-	-
Net cash provided by (used in) financing activities
512,997	431,146	-46,357	-74,701	-96,899	94,997	-45,771	-65,429	-92,982	-6,664	-9,607	-50,415	-16,749	-41,334	-20,491	-80,189	119,362	32,924	24,457	36,333	-75,192	-27,753	168,885	-66,618	-94,704	97,790	-28,346	-61,478	-80,358	-26,342	234,741	-40,206	-54,557	-5,315	-62,149	218,021	-778	-4,674	1,643	-44,685	-61,180	-16,513
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-7,731	1,991	-4,708	-94	196	2,041	-4,201	-9,446	3,239	2,598	2,463	5,398	2,965	-9,760	1,863	-727	7,504	-1,833	-3,549	-806	-3,877	-9,714	-10,009	277	-838	1,206	4,072	-1,794	-4,988	1,371	3,781	-3,982	4,108	-3,247	-6,356	6,681	5,239	786	9,702	-4,774	-4,490	-1,766
Net change in cash, cash equivalents, and restricted cash
589,759	-32,770	1,707	-26,450	17,299	17,040	-7,135	-33,077	8,032	12,064	19,277	17,379	69,949	-104,568	-16,691	-73,830	71,659	23,380	-1,643	7,245	6,763	-32,602	-10,519	33,703	-100,907	129,464	-15,118	16,222	-7,583	-241,151	251,496	13,940	36,756	19,473	-92,873	1,247	76,589	-57,338	21,234	-3,673	-8,452	-3,978