To participate in the live conference call, dial 855-239-2942 (US) or 412-542-4124 (Canada & Int’l). The call will be recorded and a replay will be available within two hours after the call. The replay will be available by dialing (877) 344-7529 (US), (855) 669-9658 (Canada) or (412) 317-0088 (Int’l) and entering the passcode 10138950. The archived webcast can be accessed, along with other financial information, on Ansys' website at https://investors.ansys.com/events-and-presentations/events-calendar.
| ANSYS, INC. AND SUBSIDIARIES | |||||||
| Condensed Consolidated Balance Sheets | |||||||
| (Unaudited) | |||||||
| (in thousands) | December 31, 2019 | December 31, 2018 | |||||
| ASSETS: | |||||||
| Cash & short-term investments | $ | 872,382 | $ | 777,364 | |||
| Accounts receivable, net | 433,479 | 317,700 | |||||
| Goodwill | 2,413,280 | 1,572,455 | |||||
| Other intangibles, net | 476,711 | 211,272 | |||||
| Other assets(1) | 643,035 | 387,173 | |||||
| Total assets | $ | 4,838,887 | $ | 3,265,964 | |||
| LIABILITIES & STOCKHOLDERS' EQUITY: | |||||||
| Current deferred revenue | $ | 351,353 | $ | 328,584 | |||
| Long-term debt | 423,531 | — | |||||
| Other liabilities(1) | 610,624 | 287,833 | |||||
| Stockholders' equity | 3,453,379 | 2,649,547 | |||||
| Total liabilities & stockholders' equity | $ | 4,838,887 | $ | 3,265,964 | |||
(1)Effective January 1, 2019, the Company adopted the new leasing standard, which requires virtually all leases to be recorded on the balance sheet. Results for reporting periods beginning after January 1, 2019 are presented under the new guidance, while prior period amounts are not adjusted and continue to be reported in accordance with previous guidance. The adoption of the new standard resulted in the recognition of approximately $90 million of lease assets, and corresponding lease liabilities, on the Company's condensed consolidated balance sheet as of January 1, 2019.
