PTC (PTC) FY2016 results: revenue $1.1 billion, down 9.1% on the year
PTC Inc. (PTC) reported revenue of $1.1 billion for fiscal 2016, the year ended 30 September 2016, down 9.1% on the year before. Net income was -$54 million, and diluted earnings per share $-0.48. The figures are the company's own, from the 10-K it filed with the SEC on 18 November 2016.
Revenue
$1.1 billion
-9.1% on the year
FY2009FY2016
Operating margin
-3.2%
3.3% a year earlier
FY2009FY2016
Net income
-$54 million
FY2009FY2016
Diluted EPS
-$0.48
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,141
1,255
1,357
-9.1%
Cost of revenue
326
335
374
-2.7%
Gross profit
815
921
983
-11.5%
Gross margin
71.4%
73.3%
72.5%
Research and development
229
228
226
+0.8%
Operating income
-37.0
41.6
197
Operating margin
-3.2%
3.3%
14.5%
Interest expense
29.9
14.7
8.2
+102.7%
Pre-tax income
-67.2
26.5
186
Income tax
-12.7
-21.0
25.9
Effective tax rate
n/a
-79.3%
13.9%
Net income
-54.5
47.6
160
Net margin
-4.8%
3.8%
11.8%
Diluted EPS
-$0.48
$0.41
$1.34
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
183
180
305
+1.8%
Capital expenditure
26.2
30.6
25.3
-14.5%
Free cash flow
157
149
279
+5.2%
Free cash flow margin
13.8%
11.9%
20.6%
Cash from investing
-237
-140
-349
Cash from financing
51.7
-42.2
105
Depreciation and amortisation
86.6
84.4
77.3
+2.5%
Share-based compensation
66.0
50.2
50.9
+31.5%
Buybacks
0.0
64.9
225
Diluted shares, weighted
115m
116m
120m
-1.2%
Shares outstanding at period end
115m
114m
115m
+1.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
843
860
854
-2.0%
Debt
758
668
612
+13.5%
Other liabilities
745
682
734
+9.3%
Total liabilities and equity
2,346
2,210
2,200
+6.1%
Fixed assets
67.1
65.2
67.8
+3.0%
Goodwill
1,170
1,069
1,013
+9.4%
Intangible assets
310
291
337
+6.5%
Investments
49.6
0.0
n/a
Cash and equivalents
278
273
294
+1.7%
Receivables
161
197
236
-18.2%
Other assets
310
314
253
-1.3%
Total assets
2,346
2,210
2,200
+6.1%
10-K for the year ended 30 September 2016, filed 18 November 2016: the filing.