PTC (PTC) FY2011 results: revenue $1.2 billion, up 15.5% on the year
PTC Inc. (PTC) reported revenue of $1.2 billion for fiscal 2011, the year ended 30 September 2011, up 15.5% on the year before. Net income was $85 million, up 250.6%, and diluted earnings per share $0.71. The figures are the company's own, from the 10-K it filed with the SEC on 23 November 2011.
Revenue
$1.2 billion
+15.5% on the year
FY2008FY2011
Operating margin
10.0%
7.4% a year earlier
FY2008FY2011
Net income
$85 million
+250.6% on the year
FY2008FY2011
Diluted EPS
$0.71
+255.0% on the year
FY2008FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
1,167
1,010
938
+15.5%
Cost of revenue
357
308
280
+15.9%
Gross profit
810
702
658
+15.4%
Gross margin
69.4%
69.5%
70.2%
Research and development
211
202
189
+4.9%
Operating income
117
74.8
19.3
+56.6%
Operating margin
10.0%
7.4%
2.1%
Interest expense
3.3
1.5
3.2
+116.9%
Pre-tax income
105
82.1
17.2
+27.3%
Income tax
19.1
57.8
-14.4
-66.9%
Effective tax rate
18.3%
70.3%
-83.6%
Net income
85.4
24.4
31.5
+250.6%
Net margin
7.3%
2.4%
3.4%
Diluted EPS
$0.71
$0.20
$0.27
+255.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
78.7
157
69.7
-49.8%
Capital expenditure
27.8
26.7
30.1
+4.1%
Free cash flow
50.9
130
39.6
-60.8%
Free cash flow margin
4.4%
12.9%
4.2%
Cash from investing
-308
-29.4
-62.9
Cash from financing
150
-121
-32.5
Depreciation and amortisation
62.4
62.2
61.6
+0.3%
Share-based compensation
45.4
48.9
43.3
-7.2%
Buybacks
54.9
62.5
14.2
-12.2%
Diluted shares, weighted
121m
120m
117m
+0.9%
Shares outstanding at period end
117m
116m
116m
+1.0%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
823
747
762
+10.1%
Debt
200
0.0
n/a
Other liabilities
607
560
589
+8.4%
Total liabilities and equity
1,630
1,307
1,350
+24.7%
Fixed assets
62.6
58.1
58.1
+7.8%
Goodwill
613
419
428
+46.6%
Intangible assets
222
128
168
+73.5%
Cash and equivalents
168
240
235
-30.1%
Receivables
230
169
167
+36.0%
Other assets
334
293
294
+13.8%
Total assets
1,630
1,307
1,350
+24.7%
10-K for the year ended 30 September 2011, filed 23 November 2011: the filing.