Dassault Systèmes Reports Q3 and YTD EPS Up Double-Digits and

Dassault Systèmes Reports Q3 and YTD EPS Up Double-Digits and Reaffirms 2018 Growth Objectives

In millions of Euros	September 30, 2018	December 31, 2017

ASSETS
Cash and cash equivalents	2,745.8	2,459.4
Short-term investments	0.5	1.3
Accounts receivable, net	616.3	895.9
Contract assets	38.3	0.0
Other current assets	266.0	242.9
Total current assets	3,666.9	3,599.5
Property and equipment, net	169.6	169.0
Goodwill and Intangible assets, net	3,314.6	2,990.1
Other non-current assets	308.6	271.2
Total Assets	€ 7,459.8	€ 7,029.8
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	139.3	149.3
Contract liabilities	785.3	876.4
Short-term debt	350.0	0.0
Other current liabilities	443.4	501.7
Total current liabilities	1,718.0	1,527.4
Long-term debt	650.0	1,000.0
Other non-current obligations	621.4	506.3
Total long-term liabilities	1,271.4	1,506.3
Non-controlling interests	58.4	1.9
Parent shareholders' equity	4,412.0	3,994.2
Total Liabilities and Shareholders' equity	€ 7,459.8	€ 7,029.8

The Group has initially applied IFRS 15 at 1 January 2018.
Under the transition method chosen, comparative information is not restated.

IFRS 15

DASSAULT SYSTEMES
CONDENSED CONSOLIDATED CASH FLOW STATEMENT (IFRS)
(unaudited; in millions of Euros)


In millions of Euros	Three months ended			Nine months ended
In millions of Euros	September 30, 2018	September 30, 2017	Change	September 30, 2018	September 30, 2017	Change
Net Income attributable to equity holders of the parent	112.9	106.5	6.4	378.4	314.5	63.9
Non-controlling interest	(2.7)	(0.3)	(2.4)	(3.1)	1.0	(4.1)
Net Income	110.2	106.2	4.0	375.3	315.5	59.8
Depreciation of property & equipment	14.3	13.9	0.4	42.5	36.8	5.7
Amortization of intangible assets	45.9	40.9	5.0	132.9	125.5	7.4
Other non cash P&L items	12.7	27.1	(14.4)	45.8	37.5	8.3
Changes in working capital	(82.0)	(108.7)	26.7	150.1	156.5	(6.4)
Net Cash provided by operating activities	€ 101.1	€ 79.4	€ 21.7	€ 746.6	€ 671.8	€ 74.8

Additions to property, equipment and intangibles	(16.9)	(17.7)	0.8	(48.2)	(63.5)	15.3
Payments for acquisition of businesses, net of cash acquired	(195.7)	(2.8)	(192.9)	(247.3)	(10.8)	(236.5)
Sale (purchase) of short term investments, net	-	(0.1)	0.1	0.7	3.6	(2.9)
Investments, loans and others	0.2	0.8	(0.6)	(1.3)	7.2	(8.5)
Net Cash provided by (used in) investing activities	(€ 212.4)	(€ 19.8)	(€ 192.6)	(€ 296.1)	(€ 63.5)	(€ 232.6)

Acquisition of non-controlling interests	(75.3)	(23.4)	(51.9)	(101.5)	(37.5)	(64.0)
Repayment of short term and long term debt	(14.9)	-	(14.9)	(14.9)	-	(14.9)
(Purchase) Sale of treasury stock	(111.6)	(19.2)	(92.4)	(113.9)	(64.0)	(49.9)
Proceeds from exercise of stock-options	15.5	12.0	3.5	59.2	33.8	25.4
Cash dividend paid	-	-	-	(38.0)	(51.3)	13.3
Net Cash provided by (used in) financing activities	(€ 186.3)	(€ 30.6)	(€ 155.7)	(€ 209.1)	(€ 119.0)	(€ 90.1)

Effect of exchange rate changes on cash and cash equivalents	0.2	(56.3)	56.5	45.0	(184.1)	229.1

Increase (decrease) in cash and cash equivalents	(€ 297.4)	(€ 27.3)	(€ 270.1)	€ 286.4	€ 305.2	(€ 18.8)

Cash and cash equivalents at beginning of period	€ 3,043.2	€ 2,769.2		€ 2,459.4	€ 2,436.7
Cash and cash equivalents at end of period	€ 2,745.8	€ 2,741.9		€ 2,745.8	€ 2,741.9

The Group has initially applied IFRS 15 at 1 January 2018.

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