Ptc inc. (PTC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Jun'09
Revenue:
Revenue

359,603

356,110

335,005

295,486

290,451

334,689

312,520

314,777

307,883

306,644

306,379

291,293

280,040

286,327

288,237

288,652

272,627

291,017

312,568

303,113

314,119

325,442

366,708

336,634

328,700

324,925

344,845

314,996

313,949

319,751

325,295

310,983

301,125

318,276

339,425

291,783

269,189

266,552

268,066

242,998

240,556

258,429

226,159

Subscription

-

-

-

-

-

-

-

-

-

-

-

74,859

65,780

54,362

40,665

31,822

23,659

22,176

18,096

17,155

15,765

14,223

-241,977

97,703

88,545

82,866

115,505

79,902

79,690

79,185

100,698

83,829

74,779

89,088

111,002

81,431

74,215

75,473

89,063

67,498

64,644

74,816

49,450

Support

-

-

-

-

-

-

-

-

-

-

-

140,428

141,718

151,478

157,545

161,881

160,625

171,756

165,481

165,687

168,727

181,629

180,090

172,021

166,249

170,142

167,144

162,554

161,175

163,806

155,459

152,383

150,540

153,561

-

-

-

-

-

-

-

-

-

Total recurring revenue

-

-

-

-

-

-

-

-

-

-

-

215,287

207,498

205,840

198,210

193,703

184,284

193,932

183,577

182,842

184,492

195,852

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Perpetual license

-

-

-

-

-

-

-

-

-

-

-

32,348

27,372

34,379

41,367

44,648

39,689

47,763

81,054

66,771

70,187

64,748

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total subscription, support and license revenue

-

-

-

-

-

-

-

-

-

-

-

247,635

234,870

240,219

239,577

238,351

223,973

241,695

264,631

249,613

254,679

260,600

-

269,724

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue:
Cost of Goods and Services Sold

83,027

87,405

85,417

82,705

79,904

77,352

78,126

81,633

83,708

83,035

82,289

82,268

81,830

82,115

82,857

82,470

80,191

80,147

76,362

79,376

86,054

92,942

95,854

91,076

93,797

92,956

91,529

91,168

93,270

97,072

87,839

92,854

93,216

98,219

-

90,409

81,771

-

-

-

-

-

-

Cost of license and subscription revenue

-

-

-

-

-

-

-

-

-

-

-

21,648

20,555

20,130

-

17,809

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of support revenue

-

-

-

-

-

-

-

-

-

-

-

23,635

22,576

22,817

-

21,055

-

-

-

-

-

-

-

21,118

21,564

19,916

20,388

19,796

20,429

20,468

18,383

19,531

19,026

19,110

-

-

-

-

-

-

-

-

-

Total cost of software revenue

-

-

-

-

-

-

-

-

-

-

-

45,283

43,131

42,947

-

38,864

38,613

-

-

-

-

-

-

32,364

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gross margin

276,576

268,705

249,588

212,781

210,547

257,337

234,394

233,144

224,175

223,609

224,090

209,025

198,210

204,212

205,380

206,182

192,436

210,870

236,206

223,737

228,065

232,500

270,854

245,558

234,903

231,969

253,316

223,828

220,679

222,679

237,456

218,129

207,909

220,057

-

201,374

187,418

-

-

-

-

-

-

Operating expenses:
Sales and marketing

107,438

107,604

101,307

108,202

103,722

104,218

109,198

107,801

98,390

99,375

101,134

93,101

87,777

90,690

102,985

94,874

87,177

82,429

85,092

88,353

83,865

89,484

105,842

91,440

85,934

84,238

90,734

88,298

88,059

93,549

94,350

94,706

90,962

97,778

98,261

89,106

81,163

84,521

84,676

79,121

75,137

78,598

73,823

Research and development

59,954

65,308

64,114

60,590

61,402

60,782

62,396

61,221

62,197

63,972

60,554

59,850

57,710

57,914

57,934

57,118

56,610

57,669

52,180

54,078

60,158

61,097

60,387

57,405

55,631

53,073

55,127

53,834

55,528

57,429

52,131

53,260

54,576

54,993

55,730

51,103

53,051

51,522

50,320

50,597

49,960

50,690

46,562

General and administrative

33,629

44,557

25,911

28,773

35,371

37,864

41,558

33,098

33,369

35,020

36,202

35,294

36,800

36,695

37,647

35,485

33,916

38,567

44,990

46,201

32,394

35,130

33,337

33,817

34,140

30,931

33,910

28,812

33,398

35,817

28,511

29,851

29,534

29,572

30,213

31,882

24,712

23,484

23,242

22,755

22,807

24,071

19,245

Amortization of acquired intangible assets

7,288

6,777

6,055

5,920

5,930

5,936

7,784

7,850

7,895

7,821

8,122

7,973

7,946

8,067

8,158

8,294

8,396

8,350

8,438

9,105

9,173

9,413

8,355

7,998

7,985

7,789

6,691

6,532

6,640

6,623

4,859

5,103

5,132

5,209

5,446

4,753

4,266

3,854

3,736

3,836

3,975

4,058

3,827

Restructuring and other charges, net

18,242

14,000

5,643

-9

26,980

18,500

1,918

1,627

114

105

-358

1,551

464

6,285

31,732

2,815

4,579

37,147

784

4,393

38,487

-255

26,825

514

0

1,067

17,848

3,137

15,810

15,402

0

4,126

20,802

0

-

0

0

-

-

-

-

-

6,609

In-process research and development

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

300

Total operating expenses

226,551

238,280

203,037

203,476

233,405

227,293

222,854

211,597

201,965

206,293

205,654

197,769

190,697

199,651

238,456

198,586

190,678

224,162

257,816

202,130

224,077

194,869

234,746

191,174

183,690

177,098

204,310

180,613

199,435

208,820

179,851

187,046

201,006

187,552

103,589

176,844

163,192

249,442

-68,574

231,020

229,045

236,088

224,172

Operating Income (Loss)

50,025

30,425

46,551

9,305

-22,858

30,044

11,540

21,547

22,210

17,316

18,436

11,256

7,513

4,561

-33,076

7,596

1,758

-13,292

-21,610

21,607

3,988

37,631

36,108

54,384

51,213

54,871

49,006

43,215

21,244

13,859

57,605

31,083

6,903

32,505

51,248

24,530

24,226

17,110

28,945

11,978

11,511

22,341

1,987

Interest and debt premium expense

32,618

12,098

10,572

10,816

11,383

10,276

10,601

10,646

10,379

10,047

10,160

10,200

11,725

10,315

-

8,164

4,760

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Nonoperating Income (Expense)

-1,629

704

-2,197

1,026

821

655

-271

-930

-285

-798

-2,822

-357

3,156

-749

5,112

-136

-567

-6,253

9,153

-3,668

-3,601

-3,224

5,766

-2,278

-2,692

-1,753

5,542

3,181

-1,867

-1,805

6,242

-304

-2,967

-2,643

8,172

-6,271

-822

-1,886

1,165

-320

-605

-524

-491

Income (loss) before income taxes

15,800

19,000

33,800

-500

-33,400

20,400

639

10,000

11,546

6,471

5,454

699

-1,056

-6,503

-43,374

-704

-3,569

-19,545

-26,208

17,939

387

34,407

32,367

52,106

48,521

53,118

48,407

46,396

19,377

12,054

56,159

30,779

3,936

29,862

47,661

18,259

23,404

15,224

37,755

11,658

10,906

21,817

1,496

Provision (benefit) for income taxes

8,622

-16,424

23,956

14,273

10,093

-562

-12,523

-7,026

3,624

-7,406

-11,981

1,650

48

2,638

-14,901

-3,777

1,604

4,347

-20,654

504

-5,005

4,123

-6,388

14,080

4,765

13,461

-8,059

11,941

2,340

-23,757

140,144

7,884

367

7,739

10,040

2,733

4,387

1,964

50,970

940

1,904

3,954

-2,292

Net Income (Loss) Attributable to Parent

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

3,788

Earnings per share—Basic (in USD per share)

0.06

0.31

0.09

-0.13

-0.37

0.18

0.11

0.15

0.07

0.12

0.15

-0.01

-0.01

-0.08

-0.25

0.03

-0.05

-0.21

-0.05

0.15

0.05

0.26

0.34

0.32

0.37

0.33

0.47

0.29

0.14

0.30

-0.71

0.19

0.03

0.19

0.33

0.13

0.16

0.11

-0.11

0.09

0.08

0.15

0.03

Earnings per share—Diluted (in USD per share)

0.06

0.31

0.09

-0.13

-0.37

0.18

0.11

0.14

0.07

0.12

0.15

-0.01

-0.01

-0.08

-0.25

0.03

-0.05

-0.21

-0.05

0.15

0.05

0.26

0.33

0.32

0.36

0.33

0.47

0.29

0.14

0.29

-0.70

0.19

0.03

0.18

0.31

0.13

0.16

0.11

-0.12

0.09

0.08

0.15

0.03

Weighted-average shares outstanding—Basic

115,606

115,190

117,979

116,133

118,461

118,323

117,814

115,774

116,241

115,731

115,478

115,615

115,709

115,290

114,939

114,795

114,563

114,151

114,051

114,764

114,944

115,341

116,137

118,328

118,978

118,933

119,007

119,440

119,518

119,927

119,060

119,042

119,003

117,715

117,081

118,214

118,194

116,827

115,164

115,188

115,951

116,253

115,194

Weighted Average Number of Shares Outstanding, Diluted

116,017

115,691

116,664

116,133

118,461

119,638

119,571

117,500

117,905

117,656

122,810

115,615

115,709

115,290

114,036

115,698

114,563

114,151

115,074

116,025

115,922

117,027

118,237

119,901

120,698

121,100

121,256

120,828

121,071

121,805

112,115

120,728

121,401

120,576

120,080

121,164

121,502

121,150

119,728

119,003

119,856

121,113

117,074

Software
Revenue

324,080

314,366

291,931

253,405

249,521

293,243

287,225

273,619

262,453

265,190

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of Goods and Services Sold

48,137

52,101

48,813

47,092

45,749

43,760

43,765

46,273

46,189

46,616

-

-

-

-

-

-

-

36,814

-

33,282

34,518

34,725

97,254

11,246

10,889

10,319

14,303

8,431

8,291

8,012

7,478

7,634

7,824

7,659

8,663

7,617

6,558

5,954

7,047

7,621

8,232

8,147

7,644

License
Revenue

127,607

123,430

94,284

62,918

61,876

105,322

152,674

136,568

120,505

119,518

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of Goods and Services Sold

13,873

13,173

13,191

13,307

12,875

12,563

11,787

11,982

11,854

12,114

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Support and cloud services
Revenue

196,473

190,936

197,647

190,487

187,645

187,921

134,551

137,051

141,948

145,672

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of Goods and Services Sold

34,264

38,928

35,622

33,785

32,874

31,197

31,978

34,291

34,335

34,502

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Professional services
Revenue

35,523

41,744

43,074

42,081

40,930

41,446

25,295

41,158

45,430

41,454

41,787

43,658

45,170

46,108

48,660

50,301

48,654

49,322

47,937

53,500

59,440

64,842

65,993

66,910

73,906

71,917

62,196

72,540

73,084

76,760

69,138

74,771

75,806

75,627

-329,255

210,352

194,974

191,079

179,003

175,500

175,912

183,613

176,709

Cost of Goods and Services Sold

34,890

35,304

36,604

35,613

34,155

33,592

34,361

35,360

37,519

36,419

35,878

36,985

38,699

39,168

41,709

43,606

41,578

43,333

42,895

46,094

51,536

58,217

61,198

58,712

61,344

62,721

56,838

62,941

64,550

68,592

61,978

65,689

66,366

71,450

22,538

82,792

75,213

80,107

70,100

67,090

68,934

70,524

66,162