PTC (PTC) FY2019 results: revenue $1.3 billion, up 1.1% on the year
PTC Inc. (PTC) reported revenue of $1.3 billion for fiscal 2019, the year ended 30 September 2019, up 1.1% on the year before. Net income was -$27 million, and diluted earnings per share $-0.23. The figures are the company's own, from the 10-K it filed with the SEC on 18 November 2019.
Revenue
$1.3 billion
+1.1% on the year
FY2012FY2019
Operating margin
5.0%
5.8% a year earlier
FY2012FY2019
Net income
-$27 million
FY2012FY2019
Diluted EPS
-$0.23
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,256
1,242
1,164
+1.1%
Cost of revenue
325
326
329
-0.3%
Gross profit
930
916
835
+1.6%
Gross margin
74.1%
73.7%
71.7%
Research and development
247
250
236
-1.2%
Operating income
63.0
72.6
41.8
-13.2%
Operating margin
5.0%
5.8%
3.6%
Interest expense
43.0
41.7
42.4
+3.3%
Pre-tax income
20.3
28.7
-1.4
-29.2%
Income tax
47.8
-23.3
-7.6
Effective tax rate
235.3%
-81.4%
n/a
Net income
-27.5
52.0
6.2
Net margin
-2.2%
4.2%
0.5%
Diluted EPS
-$0.23
$0.44
$0.05
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
285
248
135
+15.1%
Capital expenditure
64.4
36.0
25.4
+78.7%
Free cash flow
221
212
110
+4.2%
Free cash flow margin
17.6%
17.1%
9.4%
Cash from investing
-150
-49.2
-16.1
Cash from financing
-123
-211
-118
Depreciation and amortisation
77.8
87.4
86.7
-11.0%
Share-based compensation
86.4
82.9
76.7
+4.2%
Buybacks
115
1,100
51.0
-89.5%
Diluted shares, weighted
118m
118m
117m
-0.4%
Shares outstanding at period end
115m
118m
115m
-2.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,202
875
885
+37.4%
Short-term borrowings
0.0
n/a
n/a
Debt
669
643
718
+4.0%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
793
811
757
-2.2%
Total liabilities and equity
2,665
2,329
2,360
+14.4%
Fixed assets
106
80.6
63.6
+30.9%
Goodwill
1,238
1,182
1,183
+4.7%
Intangible assets
170
200
258
-15.1%
Investments
57.4
56.0
50.3
+2.7%
Cash and equivalents
270
260
280
+3.7%
Receivables
373
129
152
+188.3%
Other assets
451
421
373
+7.3%
Total assets
2,665
2,329
2,360
+14.4%
10-K for the year ended 30 September 2019, filed 18 November 2019: the filing.