(2) Our consolidated balance sheet as of June 29, 2019 under ASC 606 is preliminary, pending final adjustments required as a result of our adoption of ASC 606 in the first quarter of 2019. We expect the adjustments to be finalized prior to the filing of our Form 10-Q for the third quarter of 2019.
| PTC Inc. | ||||||||||||||||
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||||||||||
| (in thousands) | ||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||
June 29, |
|
June 30, |
|
June 29, |
|
June 30, |
||||||||||
2019 |
|
2018 |
|
2019 |
|
2018 |
||||||||||
| Cash flows from operating activities: | ||||||||||||||||
| Net income (loss) | $ |
(14,758 |
) |
$ |
16,997 |
|
$ |
(37,286 |
) |
$ |
38,796 |
|
||||
| Stock-based compensation |
|
15,234 |
|
|
16,658 |
|
|
71,608 |
|
|
52,015 |
|
||||
| Depreciation and amortization |
|
19,076 |
|
|
22,576 |
|
|
58,634 |
|
|
65,303 |
|
||||
| Accounts receivable |
|
33,753 |
|
|
(10,832 |
) |
|
88,254 |
|
|
21,195 |
|
||||
| Accounts payable and accruals |
|
8,550 |
|
|
243 |
|
|
(19,318 |
) |
|
(38,887 |
) |
||||
| Deferred revenue |
|
(11,622 |
) |
|
23,767 |
|
|
25,325 |
|
|
82,794 |
|
||||
| Income taxes |
|
2,900 |
|
|
(15,871 |
) |
|
(12,777 |
) |
|
(30,005 |
) |
||||
| Other (1) |
|
14,452 |
|
|
(4,344 |
) |
|
55,489 |
|
|
(5,419 |
) |
||||
| Net cash provided by operating activities (3) |
|
67,585 |
|
|
49,194 |
|
|
229,929 |
|
|
185,792 |
|
||||
| Capital expenditures |
|
(8,311 |
) |
|
(7,527 |
) |
|
(59,579 |
) |
|
(18,666 |
) |
||||
| Acquisition of businesses, net of cash acquired (2) |
|
(17,284 |
) |
|
- |
|
|
(86,737 |
) |
|
(3,000 |
) |
||||
| Purchase of intangible asset |
|
- |
|
|
- |
|
|
- |
|
|
(3,000 |
) |
||||
| Borrowings (payments) on debt, net |
|
(40,000 |
) |
|
50,000 |
|
|
55,000 |
|
|
(20,000 |
) |
||||
| Net proceeds associated with issuance of common stock |
|
- |
|
|
- |
|
|
4,158 |
|
|
7,472 |
|
||||
| Repurchases of common stock |
|
(25,001 |
) |
|
(100,000 |
) |
|
(89,995 |
) |
|
(100,000 |
) |
||||
| Payments of withholding taxes in connection with | ||||||||||||||||
| vesting of stock-based awards |
|
(9,700 |
) |
|
(10,855 |
) |
|
(44,191 |
) |
|
(44,797 |
) |
||||
| Proceeds from (purchase of) investments |
|
- |
|
|
(1,000 |
) |
|
(7,500 |
) |
|
(1,000 |
) |
||||
| Contingent consideration |
|
- |
|
|
(4,574 |
) |
|
(1,575 |
) |
|
(7,750 |
) |
||||
| Purchases of marketable securities, net |
|
1,960 |
|
|
1,131 |
|
|
1,727 |
|
|
(4,423 |
) |
||||
| Other financing & investing activities |
|
4,395 |
|
|
- |
|
|
4,509 |
|
|
- |
|
||||
| Foreign exchange impact on cash |
|
(94 |
) |
|
(9,446 |
) |
|
2,143 |
|
|
(3,609 |
) |
||||
| Net change in cash, cash equivalents, and restricted cash (1) |
|
(26,450 |
) |
|
(33,077 |
) |
|
7,889 |
|
|
(12,981 |
) |
||||
| Cash, cash equivalents, and restricted cash, beginning of period |
|
295,432 |
|
|
301,305 |
|
|
261,093 |
|
|
281,209 |
|
||||
| Cash, cash equivalents, and restricted cash, end of period | $ |
268,982 |
|
$ |
268,228 |
|
$ |
268,982 |
|
$ |
268,228 |
|
||||
