PTC ANNOUNCES SECOND FISCAL QUARTER 2022 RESULTS

 

 PTC Inc.


UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS


 (in thousands)























Three Months Ended



Six Months Ended





March 31,



March 31,



March 31,



March 31,





2022



2021



2022



2021




















Cash flows from operating activities:
















     Net income

$

89,679



$

109,262



$

135,768



$

132,777


     Stock-based compensation


37,921




44,740




83,863




90,828


     Depreciation and amortization


21,380




21,334




43,468




40,169


     Amortization of right-of-use lease assets


8,676




9,565




17,536




18,956


     Accounts receivable


(45,006)




(20,169)




12,310




(9,854)


     Accounts payable and accruals


(55,744)




(4,025)




(39,932)




(896)


     Deferred revenue


60,708




53,061




47,012




52,210


     Income taxes


2,049




(49,481)




(6,279)




(4,944)


     Other


22,662




(42,595)




(13,685)




(83,792)


Net cash provided by operating activities


142,325




121,692




280,061




235,454




















Capital expenditures


(2,148)




(5,385)




(5,510)




(8,242)


Acquisition of businesses, net of cash acquired (1)


-




(717,198)




-




(717,198)


Borrowings (payments) on debt, net


(175,000)




520,000




(175,000)




502,000


Repurchases of common stock


(5,261)




-




(125,000)




-


Net proceeds associated with issuance of common stock


10,857




10,484




10,857




10,484


Payments of withholding taxes in connection with vesting of stock-based awards


(1,430)




(2,742)




(50,595)




(27,242)


Net proceeds from marketable securities (2)


-




-




-




58,469


Net proceeds from sale of investments (3)


42,693




-




42,693




-


Other financing & investing activities


831




5,556




6,615




(3,632)


Foreign exchange impact on cash


(2,078)




(5,010)




(3,739)




543




















Net change in cash, cash equivalents, and restricted cash


10,789




(72,603)




(19,618)




50,636


Cash, cash equivalents, and restricted cash, beginning of period


296,639




399,199




327,046




275,960


Cash, cash equivalents, and restricted cash, end of period

$

307,428



$

326,596



$

307,428



$

326,596























Three Months Ended



Six Months Ended





March 31,



March 31,



March 31,



March 31,





2022



2021



2022



2021


Cash provided by operating activities

$

142,325



$

121,692



$

280,061



$

235,454


     Capital expenditures


(2,148)




(5,385)




(5,510)




(8,242)


Free cash flow


140,177




116,307




274,551




227,212


     Restructuring and other related payments


17,840




4,463




28,351




11,729


     Acquisition & transaction-related payments


432




8,195




432




11,075


     Non-ordinary course tax payment (4)


-




971




-




971


Adjusted free cash flow

$

158,449



$

129,936



$

303,334



$

250,987




















(1) In the second quarter of 2021, we acquired Arena for approximately $715 million, net of cash acquired.


(2) In the first quarter of 2021, we sold all of our available-for-sale securities.


(3) In the second quarter of 2022, we sold an equity investment in a publicly-traded company.


(4) In the second quarter of 2021, we made $1.0 million of un-forecasted payments related to a prior period tax exposure from a non-U.S. tax dispute.



« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »
Featured Video
Editorial
Jobs
Mechanical Engineer 2 for Lam Research at Fremont, California
Mechanical Engineer 3 for Lam Research at Fremont, California
Equipment Engineer, Raxium for Google at Fremont, California
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Upcoming Events
Celebrate Manufacturing Excellence at Anaheim Convention Center Anaheim CA - Feb 4 - 6, 2025
3DEXPERIENCE World 2025 at George R. Brown Convention Center Houston TX - Feb 23 - 26, 2025
TIMTOS 2025 at Nangang Exhibition Center Hall 1 & 2 (TaiNEX 1 & 2) TWTC Hall Taipei Taiwan - Mar 3 - 8, 2025
Automate 2025 at Detroit, Michigan, USA MI - May 12 - 15, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise