ANSYS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(Unaudited)
| Three Months Ended | |||||||
| (in thousands, except per share data) |
March 31,
2022 |
March 31,
2021 | |||||
| Revenue: | |||||||
| Software licenses | $ | 157,445 | $ | 132,604 | |||
| Maintenance and service | 267,632 | 230,622 | |||||
| Total revenue | 425,077 | 363,226 | |||||
| Cost of sales: | |||||||
| Software licenses | 8,436 | 7,606 | |||||
| Amortization | 17,252 | 14,949 | |||||
| Maintenance and service | 39,072 | 39,548 | |||||
| Total cost of sales | 64,760 | 62,103 | |||||
| Gross profit | 360,317 | 301,123 | |||||
| Operating expenses: | |||||||
| Selling, general and administrative | 169,755 | 146,215 | |||||
| Research and development | 105,274 | 100,479 | |||||
| Amortization | 4,125 | 4,407 | |||||
| Total operating expenses | 279,154 | 251,101 | |||||
| Operating income | 81,163 | 50,022 | |||||
| Interest income | 527 | 517 | |||||
| Interest expense | (2,967 | ) | (3,315 | ) | |||
| Other (expense) income, net | (694 | ) | 399 | ||||
| Income before income tax provision (benefit) | 78,029 | 47,623 | |||||
| Income tax provision (benefit) | 7,041 | (24,775 | ) | ||||
| Net income | $ | 70,988 | $ | 72,398 | |||
| Earnings per share – basic: | |||||||
| Earnings per share | $ | 0.81 | $ | 0.83 | |||
| Weighted average shares | 87,122 | 86,808 | |||||
| Earnings per share – diluted: | |||||||
| Earnings per share | $ | 0.81 | $ | 0.82 | |||
| Weighted average shares | 87,750 | 87,986 | |||||
