PTC (PTC) FY2013 results: revenue $1.3 billion, up 3.0% on the year
PTC Inc. (PTC) reported revenue of $1.3 billion for fiscal 2013, the year ended 30 September 2013, up 3.0% on the year before. Net income was $144 million, and diluted earnings per share $1.19. The figures are the company's own, from the 10-K it filed with the SEC on 22 November 2013.
Revenue
$1.3 billion
+3.0% on the year
FY2008FY2013
Operating margin
9.8%
10.2% a year earlier
FY2008FY2013
Net income
$144 million
FY2008FY2013
Diluted EPS
$1.19
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
1,294
1,256
1,167
+3.0%
Cost of revenue
373
372
357
+0.2%
Gross profit
921
884
810
+4.2%
Gross margin
71.2%
70.4%
69.4%
Research and development
222
215
211
+3.2%
Operating income
127
128
117
-0.6%
Operating margin
9.8%
10.2%
10.0%
Interest expense
7.0
4.7
3.3
+47.0%
Pre-tax income
126
121
105
+4.6%
Income tax
-17.5
156
19.1
Effective tax rate
-13.9%
129.3%
18.3%
Net income
144
-35.4
85.4
Net margin
11.1%
-2.8%
7.3%
Diluted EPS
$1.19
-$0.30
$0.71
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
225
218
78.7
+3.1%
Capital expenditure
29.3
31.4
27.8
-6.6%
Free cash flow
195
187
50.9
+4.7%
Free cash flow margin
15.1%
14.9%
4.4%
Cash from investing
-274
-31.6
-308
Cash from financing
-197
135
150
Depreciation and amortisation
76.6
66.5
62.4
+15.2%
Share-based compensation
48.8
51.3
45.4
-4.9%
Buybacks
74.9
35.0
54.9
+114.2%
Diluted shares, weighted
121m
119m
121m
+2.1%
Shares outstanding at period end
118m
120m
117m
-0.9%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
926
797
823
+16.2%
Debt
258
370
200
-30.2%
Other liabilities
644
624
607
+3.2%
Total liabilities and equity
1,829
1,792
1,630
+2.1%
Fixed assets
64.7
63.5
62.6
+1.9%
Goodwill
769
610
613
+26.0%
Intangible assets
273
186
222
+46.9%
Cash and equivalents
242
490
168
-50.6%
Receivables
229
217
230
+5.4%
Other assets
251
225
334
+11.6%
Total assets
1,829
1,792
1,630
+2.1%
10-K for the year ended 30 September 2013, filed 22 November 2013: the filing.