ANSYS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(Unaudited)
| Three Months Ended | Nine Months Ended | ||||||||||||||||||
| (in thousands, except per share data) |
September 30,
2021 |
September 30,
2020 |
September 30,
2021 |
September 30,
2020 | |||||||||||||||
| Revenue: | |||||||||||||||||||
| Software licenses | $ | 200,394 | $ | 141,622 | $ | 547,820 | $ | 398,793 | |||||||||||
| Maintenance and service | 240,774 | 225,343 | 703,228 | 658,818 | |||||||||||||||
| Total revenue | 441,168 | 366,965 | 1,251,048 | 1,057,611 | |||||||||||||||
| Cost of sales: | |||||||||||||||||||
| Software licenses | 8,289 | 7,251 | 23,960 | 20,688 | |||||||||||||||
| Amortization | 15,189 | 9,911 | 45,163 | 29,227 | |||||||||||||||
| Maintenance and service | 39,268 | 36,223 | 119,884 | 107,446 | |||||||||||||||
| Total cost of sales | 62,746 | 53,385 | 189,007 | 157,361 | |||||||||||||||
| Gross profit | 378,422 | 313,580 | 1,062,041 | 900,250 | |||||||||||||||
| Operating expenses: | |||||||||||||||||||
| Selling, general and administrative | 165,368 | 132,642 | 471,993 | 391,862 | |||||||||||||||
| Research and development | 102,023 | 86,616 | 303,381 | 258,861 | |||||||||||||||
| Amortization | 3,403 | 4,237 | 12,244 | 12,562 | |||||||||||||||
| Total operating expenses | 270,794 | 223,495 | 787,618 | 663,285 | |||||||||||||||
| Operating income | 107,628 | 90,085 | 274,423 | 236,965 | |||||||||||||||
| Interest income | 541 | 754 | 1,544 | 4,463 | |||||||||||||||
| Interest expense | (2,943 | ) | (1,853 | ) | (9,594 | ) | (8,544 | ) | |||||||||||
| Other (expense) income, net | (1,328 | ) | 1,158 | 14,008 | 3,169 | ||||||||||||||
| Income before income tax provision | 103,898 | 90,144 | 280,381 | 236,053 | |||||||||||||||
| Income tax provision | 18,556 | 14,517 | 28,925 | 17,798 | |||||||||||||||
| Net income | $ | 85,342 | $ | 75,627 | $ | 251,456 | $ | 218,255 | |||||||||||
| Earnings per share – basic: | |||||||||||||||||||
| Earnings per share | $ | 0.98 | $ | 0.88 | $ | 2.89 | $ | 2.55 | |||||||||||
| Weighted average shares | 87,239 | 85,798 | 87,072 | 85,749 | |||||||||||||||
| Earnings per share – diluted: | |||||||||||||||||||
| Earnings per share | $ | 0.97 | $ | 0.87 | $ | 2.86 | $ | 2.50 | |||||||||||
| Weighted average shares | 88,169 | 87,224 | 88,069 | 87,176 | |||||||||||||||
