PTC (PTC) FY2015 results: revenue $1.3 billion, down 7.5% on the year
PTC Inc. (PTC) reported revenue of $1.3 billion for fiscal 2015, the year ended 30 September 2015, down 7.5% on the year before. Net income was $48 million, down 70.3%, and diluted earnings per share $0.41. The figures are the company's own, from the 10-K it filed with the SEC on 23 November 2015.
Revenue
$1.3 billion
-7.5% on the year
FY2008FY2015
Operating margin
3.3%
14.5% a year earlier
FY2008FY2015
Net income
$48 million
-70.3% on the year
FY2008FY2015
Diluted EPS
$0.41
-69.4% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,255
1,357
1,294
-7.5%
Cost of revenue
335
374
373
-10.4%
Gross profit
921
983
921
-6.4%
Gross margin
73.3%
72.5%
71.2%
Research and development
228
226
222
+0.4%
Operating income
41.6
197
127
-78.8%
Operating margin
3.3%
14.5%
9.8%
Interest expense
14.7
8.2
7.0
+80.8%
Pre-tax income
26.5
186
126
-85.7%
Income tax
-21.0
25.9
-17.5
Effective tax rate
-79.3%
13.9%
-13.9%
Net income
47.6
160
144
-70.3%
Net margin
3.8%
11.8%
11.1%
Diluted EPS
$0.41
$1.34
$1.19
-69.4%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
180
305
225
-40.9%
Capital expenditure
30.6
25.3
29.3
+21.2%
Free cash flow
149
279
195
-46.5%
Free cash flow margin
11.9%
20.6%
15.1%
Cash from investing
-140
-349
-274
Cash from financing
-42.2
105
-197
Depreciation and amortisation
84.4
77.3
76.6
+9.2%
Share-based compensation
50.2
50.9
48.8
-1.4%
Buybacks
64.9
225
74.9
-71.1%
Diluted shares, weighted
116m
120m
121m
-3.3%
Shares outstanding at period end
114m
115m
118m
-1.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
860
854
926
+0.7%
Debt
668
612
258
+9.2%
Other liabilities
682
734
644
-7.2%
Total liabilities and equity
2,210
2,200
1,829
+0.5%
Fixed assets
65.2
67.8
64.7
-3.9%
Goodwill
1,069
1,013
769
+5.6%
Intangible assets
291
337
273
-13.5%
Investments
0.0
n/a
n/a
Cash and equivalents
273
294
242
-6.9%
Receivables
197
236
229
-16.3%
Other assets
314
253
251
+23.8%
Total assets
2,210
2,200
1,829
+0.5%
10-K for the year ended 30 September 2015, filed 23 November 2015: the filing.