(3) Based on a weighted average 126.0 million diluted shares for Q3 2012 and 123.7 million diluted shares for Q3 2011.
DASSAULT SYSTEMES
SUPPLEMENTAL NON-IFRS FINANCIAL
INFORMATION
IFRS – NON-IFRS RECONCILIATION
(unaudited;
in millions of Euros, except per share data)
Readers are cautioned that the supplemental non-IFRS information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Company’s supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies. Further specific limitations for individual non-IFRS measures, and the reasons for presenting non-IFRS financial information, are set forth in the Company’s Document de référence for the year ended December 31, 2011 filed with the AMF on March 29, 2012. To compensate for these limitations, the supplemental non-IFRS financial information should be read not in isolation, but only in conjunction with the Company’s consolidated financial statements prepared in accordance with IFRS.
|
In millions of Euros, except per share data and
|
Nine months ended September 30, | Change | ||||||||||||||||||||||||||||||
|
2012
|
Adjustment
|
2012
|
2011
|
Adjustment
|
2011
|
IFRS |
Non-IFRS
|
|||||||||||||||||||||||||
| Total Revenue | € 1,464.8 | 5.5 | € 1,470.3 | € 1,270.9 | 0.5 | € 1,271.4 | 15% | 16% | ||||||||||||||||||||||||
| Total Revenue breakdown by activity | ||||||||||||||||||||||||||||||||
| Software revenue | 1,332.4 | 5.5 | 1,337.9 | 1,154.8 | 0.5 | 1,155.3 | 15% | 16% | ||||||||||||||||||||||||
| New Licenses | 367.7 | 309.6 | 19% | |||||||||||||||||||||||||||||
| Product Development | 5.2 | 3.1 | ||||||||||||||||||||||||||||||
| Periodic Licenses and Maintenance | 959.5 | 5.5 | 965.0 | 842.1 | 0.5 | 842.6 | 14% | 15% | ||||||||||||||||||||||||
| Recurring portion of Software revenue | 72% | 72% | 73% | 73% | ||||||||||||||||||||||||||||
| Services and other revenue | 132.4 | 116.1 | 14% | |||||||||||||||||||||||||||||
| Total Software Revenue breakdown by product line | ||||||||||||||||||||||||||||||||
| PLM software revenue | 1,032.6 | 5.5 | 1,038.1 | 904.9 | 0.5 | 905.4 | 14% | 15% | ||||||||||||||||||||||||
| of which CATIA software revenue | 598.0 | 542.2 | 0.5 | 542.7 | 10% | 10% | ||||||||||||||||||||||||||
| of which ENOVIA software revenue | 185.6 | 159.2 | 17% | |||||||||||||||||||||||||||||
| SOLIDWORKS software revenue | 299.8 | 249.9 | 20% | |||||||||||||||||||||||||||||
| Total Revenue breakdown by geography | ||||||||||||||||||||||||||||||||
| Americas | 411.7 | 1.6 | 413.3 | 353.1 | 0.1 | 353.2 | 17% | 17% | ||||||||||||||||||||||||
| Europe | 643.1 | 1.1 | 644.2 | 575.8 | 0.1 | 575.9 | 12% | 12% | ||||||||||||||||||||||||
| Asia | 410.0 | 2.8 | 412.8 | 342.0 | 0.3 | 342.3 | 20% | 21% | ||||||||||||||||||||||||
| Total Operating Expenses | (€ 1,120.8) | 97.4 | (€ 1,023.4) | (€ 978.7) | 82.0 | (€ 896.7) | 15% | 14% | ||||||||||||||||||||||||
| Stock-based compensation expense | (28.5) | 28.5 | - | (14.7) | 14.7 | - | - | - | ||||||||||||||||||||||||
| Amortization of acquired intangibles | (68.7) | 68.7 | - | (62.5) | 62.5 | - | - | - | ||||||||||||||||||||||||
| Other operating income and expense, net | (0.2) | 0.2 | - | (4.8) | 4.8 | - | - | - | ||||||||||||||||||||||||
| Operating Income | € 344.0 | 102.9 | € 446.9 | € 292.2 | 82.5 | € 374.7 | 18% | 19% | ||||||||||||||||||||||||
| Operating Margin | 23.5% | 30.4% | 23.0% | 29.5% | ||||||||||||||||||||||||||||
| Financial revenue & other, net | 11.9 | (7.5) | 4.4 | 6.2 | (6.7) | (0.5) | 92% | (980%) | ||||||||||||||||||||||||
| Income tax expense | (114.7) | (38.3) | (153.0) | (93.3) | (26.2) | (119.5) | 23% | 28% | ||||||||||||||||||||||||
| Non-controlling interest | (2.2) | 0.0 | (2.2) | (0.6) | (0.4) | (1.0) | 267% | 120% | ||||||||||||||||||||||||
| Net Income attributable to shareholders | € 239.0 | 57.1 | € 296.1 | € 204.5 | 49.2 | € 253.7 | 17% | 17% | ||||||||||||||||||||||||
| Diluted Net Income Per Share (3) | € 1.90 | 0.46 | € 2.36 | € 1.65 | 0.40 | € 2.05 | 15% | 15% | ||||||||||||||||||||||||
(1) In the reconciliation schedule above, (i) all adjustments to IFRS
revenue data reflect the exclusion of the deferred revenue adjustment of
acquired companies; (ii) adjustments to IFRS operating expense data
reflect the exclusion of the amortization of acquired intangibles,
share-based compensation expense and related social charges, and other
operating income and expense, (iii) adjustments to IFRS financial
revenue and other, net reflect the exclusion of certain one-time items
included in financial revenue and other, net, and (iv) all adjustments
to IFRS income data reflect the combined effect of these adjustments,
plus with respect to net income and diluted net income per share, the
income tax effect of the non-IFRS adjustments.
