PTC (PTC) FY2018 results: revenue $1.2 billion, up 6.7% on the year
PTC Inc. (PTC) reported revenue of $1.2 billion for fiscal 2018, the year ended 30 September 2018, up 6.7% on the year before. Net income was $52 million, up 733.3%, and diluted earnings per share $0.44. The figures are the company's own, from the 10-K it filed with the SEC on 18 November 2019.
Revenue
$1.2 billion
+6.7% on the year
FY2011FY2018
Operating margin
5.8%
3.6% a year earlier
FY2011FY2018
Net income
$52 million
+733.3% on the year
FY2011FY2018
Diluted EPS
$0.44
+780.0% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,242
1,164
1,141
+6.7%
Cost of revenue
326
329
326
-0.9%
Gross profit
916
835
815
+9.7%
Gross margin
73.7%
71.7%
71.4%
Research and development
250
236
229
+5.8%
Operating income
72.6
41.8
-37.0
+73.9%
Operating margin
5.8%
3.6%
-3.2%
Interest expense
41.7
42.4
29.9
-1.7%
Pre-tax income
28.7
-1.4
-67.2
Income tax
-23.3
-7.6
-12.7
Effective tax rate
-81.4%
n/a
n/a
Net income
52.0
6.2
-54.5
+733.3%
Net margin
4.2%
0.5%
-4.8%
Diluted EPS
$0.44
$0.05
-$0.48
+780.0%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
248
135
183
+83.3%
Capital expenditure
36.0
25.4
26.2
+41.6%
Free cash flow
212
110
157
+92.9%
Free cash flow margin
17.1%
9.4%
13.8%
Cash from investing
-49.2
-16.1
-237
Cash from financing
-211
-118
51.7
Depreciation and amortisation
87.4
86.7
86.6
+0.8%
Share-based compensation
82.9
76.7
66.0
+8.1%
Buybacks
1,100
51.0
0.0
+2,057.2%
Diluted shares, weighted
118m
117m
115m
+0.7%
Shares outstanding at period end
118m
115m
115m
+2.3%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
875
885
843
-1.2%
Debt
643
718
758
-10.4%
Other liabilities
811
757
745
+7.2%
Total liabilities and equity
2,329
2,360
2,346
-1.3%
Fixed assets
80.6
63.6
67.1
+26.8%
Goodwill
1,182
1,183
1,170
-0.0%
Intangible assets
200
258
310
-22.4%
Investments
56.0
50.3
49.6
+11.2%
Cash and equivalents
260
280
278
-7.2%
Receivables
129
152
161
-15.1%
Other assets
421
373
310
+12.6%
Total assets
2,329
2,360
2,346
-1.3%
10-K for the year ended 30 September 2018, filed 18 November 2019: the filing.