PTC Inc. |
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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |
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(in thousands) |
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| Three Months Ended |
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| Twelve Months Ended |
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| September 30, |
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| September 30, |
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| September 30, |
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| September 30, |
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| 2022 |
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| 2021 |
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| 2022 |
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| 2021 |
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Cash flows from operating activities: |
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Net income | $ | 106,837 |
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| $ | 292,943 |
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| $ | 313,081 |
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| $ | 476,923 |
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Stock-based compensation |
| 41,580 |
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| 43,393 |
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| 174,863 |
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| 177,289 |
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Depreciation and amortization |
| 22,238 |
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| 22,569 |
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| 87,694 |
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| 85,239 |
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Amortization of right-of-use lease assets |
| 8,198 |
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| 9,264 |
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| 34,346 |
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| 37,295 |
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Loss (gain) on investment |
| - |
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| (68,829) |
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| 31,854 |
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| (68,829) |
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| Gain on divestiture of business |
| - |
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| - |
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| (29,808) |
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| - |
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| Accounts receivable |
| (190,235) |
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| (115,308) |
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| (165,006) |
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| (119,418) |
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| Accounts payable and accruals |
| 17,080 |
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| 25,916 |
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| 312 |
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| 41,871 |
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| Deferred revenue |
| 39,549 |
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| 27,969 |
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| 57,586 |
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| 58,702 |
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| Income taxes |
| 21,510 |
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| (130,602) |
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| 27,634 |
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| (144,126) |
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| Other |
| (28,258) |
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| (61,994) |
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| (97,230) |
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| (176,137) |
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| Net cash provided by operating activities |
| 38,499 |
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| 45,321 |
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| 435,326 |
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| 368,809 |
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| Capital expenditures |
| (9,517) |
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| (13,051) |
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| (19,496) |
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| (24,713) |
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| Acquisition of businesses, net of cash acquired (1) |
| (7,969) |
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| (251) |
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| (282,943) |
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| (718,030) |
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| Purchase of intangible assets |
| (998) |
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| - |
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| (6,451) |
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| (550) |
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| Purchase of investments |
| - |
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| (2,000) |
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| - |
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| (4,000) |
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| Borrowings (payments) on debt, net |
| (75,000) |
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| (40,000) |
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| (91,000) |
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| 432,000 |
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| Repurchases of common stock |
| - |
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| (30,000) |
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| (125,000) |
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| (30,000) |
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| Net proceeds associated with issuance of common stock |
| 10,350 |
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| 11,091 |
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| 21,207 |
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| 21,575 |
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| Payments of withholding taxes in connection with vesting
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| (6,135) |
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| (10,742) |
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| (68,991) |
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| (52,957) |
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| Net proceeds from marketable securities (2) |
| - |
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| - |
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| - |
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| 58,469 |
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| Net proceeds from sale of investments (3) |
| - |
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| - |
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| 46,906 |
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| - |
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| Divestitures of businesses and assets, net (4) |
| - |
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| - |
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| 32,518 |
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| - |
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| Other financing & investing activities |
| 10,164 |
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| 2,181 |
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| 27,968 |
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| 611 |
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| Foreign exchange impact on cash |
| (9,548) |
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|
| (1,773) |
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|
| (24,203) |
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|
| (127) |
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| Net change in cash, cash equivalents, and restricted cash |
| (50,154) |
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| (39,224) |
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|
| (54,159) |
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| 51,087 |
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| Cash, cash equivalents, and restricted cash, beginning of period |
| 323,042 |
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| 366,271 |
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| 327,047 |
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| 275,960 |
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| Cash, cash equivalents, and restricted cash, end of period | $ | 272,888 |
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| $ | 327,047 |
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| $ | 272,888 |
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| $ | 327,047 |
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| (1) In Q322, we acquired Intland for approximately $278 million, net of cash acquired. In Q221, we acquired Arena for approximately
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| (2) In Q121, we sold all of our available-for-sale securities. |
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| (3) In Q222, we sold an equity investment in a publicly-traded company for $42.7 million. |
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| (4) In Q322, we sold a portion of our PLM services business. |
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PTC ANNOUNCES FOURTH FISCAL QUARTER AND FULL YEAR 2022 RESULTS
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