PTC (PTC) FY2014 results: revenue $1.4 billion, up 4.9% on the year
PTC Inc. (PTC) reported revenue of $1.4 billion for fiscal 2014, the year ended 30 September 2014, up 4.9% on the year before. Net income was $160 million, up 11.4%, and diluted earnings per share $1.34. The figures are the company's own, from the 10-K it filed with the SEC on 26 November 2014.
Revenue
$1.4 billion
+4.9% on the year
FY2008FY2014
Operating margin
14.5%
9.8% a year earlier
FY2008FY2014
Net income
$160 million
+11.4% on the year
FY2008FY2014
Diluted EPS
$1.34
+12.6% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
1,357
1,294
1,256
+4.9%
Cost of revenue
374
373
372
+0.2%
Gross profit
983
921
884
+6.8%
Gross margin
72.5%
71.2%
70.4%
Research and development
226
222
215
+2.1%
Operating income
197
127
128
+54.4%
Operating margin
14.5%
9.8%
10.2%
Interest expense
8.2
7.0
4.7
+16.9%
Pre-tax income
186
126
121
+47.4%
Income tax
25.9
-17.5
156
Effective tax rate
13.9%
-13.9%
129.3%
Net income
160
144
-35.4
+11.4%
Net margin
11.8%
11.1%
-2.8%
Diluted EPS
$1.34
$1.19
-$0.30
+12.6%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
305
225
218
+35.5%
Capital expenditure
25.3
29.3
31.4
-13.8%
Free cash flow
279
195
187
+43.0%
Free cash flow margin
20.6%
15.1%
14.9%
Cash from investing
-349
-274
-31.6
Cash from financing
105
-197
135
Depreciation and amortisation
77.3
76.6
66.5
+1.0%
Share-based compensation
50.9
48.8
51.3
+4.3%
Buybacks
225
74.9
35.0
+200.4%
Diluted shares, weighted
120m
121m
119m
-1.0%
Shares outstanding at period end
115m
118m
120m
-2.9%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
854
926
797
-7.8%
Debt
612
258
370
+137.0%
Other liabilities
734
644
624
+14.0%
Total liabilities and equity
2,200
1,829
1,792
+20.3%
Fixed assets
67.8
64.7
63.5
+4.8%
Goodwill
1,013
769
610
+31.7%
Intangible assets
337
273
186
+23.3%
Cash and equivalents
294
242
490
+21.4%
Receivables
236
229
217
+2.9%
Other assets
253
251
225
+1.0%
Total assets
2,200
1,829
1,792
+20.3%
10-K for the year ended 30 September 2014, filed 26 November 2014: the filing.