PTC (PTC) FY2012 results: revenue $1.3 billion, up 7.6% on the year
PTC Inc. (PTC) reported revenue of $1.3 billion for fiscal 2012, the year ended 30 September 2012, up 7.6% on the year before. Net income was -$35 million, and diluted earnings per share $-0.30. The figures are the company's own, from the 10-K it filed with the SEC on 16 November 2012.
Revenue
$1.3 billion
+7.6% on the year
FY2008FY2012
Operating margin
10.2%
10.0% a year earlier
FY2008FY2012
Net income
-$35 million
FY2008FY2012
Diluted EPS
-$0.30
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
1,256
1,167
1,010
+7.6%
Cost of revenue
372
357
308
+4.3%
Gross profit
884
810
702
+9.1%
Gross margin
70.4%
69.4%
69.5%
Research and development
215
211
202
+1.7%
Operating income
128
117
74.8
+9.4%
Operating margin
10.2%
10.0%
7.4%
Interest expense
4.7
3.3
1.5
+43.4%
Pre-tax income
121
105
82.1
+15.5%
Income tax
156
19.1
57.8
+716.4%
Effective tax rate
129.3%
18.3%
70.3%
Net income
-35.4
85.4
24.4
Net margin
-2.8%
7.3%
2.4%
Diluted EPS
-$0.30
$0.71
$0.20
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
218
78.7
157
+177.0%
Capital expenditure
31.4
27.8
26.7
+12.9%
Free cash flow
187
50.9
130
+266.7%
Free cash flow margin
14.9%
4.4%
12.9%
Cash from investing
-31.6
-308
-29.4
Cash from financing
135
150
-121
-10.5%
Depreciation and amortisation
66.5
62.4
62.2
+6.5%
Share-based compensation
51.3
45.4
48.9
+13.0%
Buybacks
35.0
54.9
62.5
-36.4%
Diluted shares, weighted
119m
121m
120m
-1.9%
Shares outstanding at period end
120m
117m
116m
+2.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
797
823
747
-3.1%
Debt
370
200
0.0
+85.0%
Other liabilities
624
607
560
+2.9%
Total liabilities and equity
1,792
1,630
1,307
+9.9%
Fixed assets
63.5
62.6
58.1
+1.4%
Goodwill
610
613
419
-0.5%
Intangible assets
186
222
128
-16.3%
Cash and equivalents
490
168
240
+191.6%
Receivables
217
230
169
-5.6%
Other assets
225
334
293
-32.5%
Total assets
1,792
1,630
1,307
+9.9%
10-K for the year ended 30 September 2012, filed 16 November 2012: the filing.