PTC (PTC) FY2017 results: revenue $1.2 billion, up 2.1% on the year
PTC Inc. (PTC) reported revenue of $1.2 billion for fiscal 2017, the year ended 30 September 2017, up 2.1% on the year before. Net income was $6 million, and diluted earnings per share $0.05. The figures are the company's own, from the 10-K it filed with the SEC on 18 November 2019.
Revenue
$1.2 billion
+2.1% on the year
FY2010FY2017
Operating margin
3.6%
-3.2% a year earlier
FY2010FY2017
Net income
$6 million
FY2010FY2017
Diluted EPS
$0.05
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,164
1,141
1,255
+2.1%
Cost of revenue
329
326
335
+1.0%
Gross profit
835
815
921
+2.5%
Gross margin
71.7%
71.4%
73.3%
Research and development
236
229
228
+2.9%
Operating income
41.8
-37.0
41.6
Operating margin
3.6%
-3.2%
3.3%
Interest expense
42.4
29.9
14.7
+41.9%
Pre-tax income
-1.4
-67.2
26.5
Income tax
-7.6
-12.7
-21.0
Effective tax rate
n/a
n/a
-79.3%
Net income
6.2
-54.5
47.6
Net margin
0.5%
-4.8%
3.8%
Diluted EPS
$0.05
-$0.48
$0.41
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
135
183
180
-26.2%
Capital expenditure
25.4
26.2
30.6
-2.8%
Free cash flow
110
157
149
-30.1%
Free cash flow margin
9.4%
13.8%
11.9%
Cash from investing
-16.1
-237
-140
Cash from financing
-118
51.7
-42.2
Depreciation and amortisation
86.7
86.6
84.4
+0.2%
Share-based compensation
76.7
66.0
50.2
+16.2%
Buybacks
51.0
0.0
64.9
Diluted shares, weighted
117m
115m
116m
+2.4%
Shares outstanding at period end
115m
115m
114m
+0.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
885
843
860
+5.1%
Debt
718
758
668
-5.3%
Other liabilities
757
745
682
+1.6%
Total liabilities and equity
2,360
2,346
2,210
+0.6%
Fixed assets
63.6
67.1
65.2
-5.2%
Goodwill
1,183
1,170
1,069
+1.1%
Intangible assets
258
310
291
-16.9%
Investments
50.3
49.6
0.0
+1.4%
Cash and equivalents
280
278
273
+0.7%
Receivables
152
161
197
-5.6%
Other assets
373
310
314
+20.6%
Total assets
2,360
2,346
2,210
+0.6%
10-K for the year ended 30 September 2017, filed 18 November 2019: the filing.