PTC (PTC) FY2020 results: revenue $1.5 billion, up 16.1% on the year
PTC Inc. (PTC) reported revenue of $1.5 billion for fiscal 2020, the year ended 30 September 2020, up 16.1% on the year before. Net income was $131 million, and diluted earnings per share $1.12. The figures are the company's own, from the 10-K it filed with the SEC on 20 November 2020.
Revenue
$1.5 billion
+16.1% on the year
FY2013FY2020
Operating margin
14.5%
5.0% a year earlier
FY2013FY2020
Net income
$131 million
FY2013FY2020
Diluted EPS
$1.12
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
1,458
1,256
1,242
+16.1%
Cost of revenue
334
325
326
+2.7%
Gross profit
1,124
930
916
+20.8%
Gross margin
77.1%
74.1%
73.7%
Research and development
257
247
250
+3.9%
Operating income
211
63.0
72.6
+234.5%
Operating margin
14.5%
5.0%
5.8%
Interest expense
76.4
43.0
41.7
+77.5%
Pre-tax income
135
20.3
28.7
+563.6%
Income tax
4.0
47.8
-23.3
-91.6%
Effective tax rate
3.0%
235.3%
-81.4%
Net income
131
-27.5
52.0
Net margin
9.0%
-2.2%
4.2%
Diluted EPS
$1.12
-$0.23
$0.44
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
234
285
248
-18.0%
Capital expenditure
20.2
64.4
36.0
-68.6%
Free cash flow
214
221
212
-3.2%
Free cash flow margin
14.6%
17.6%
17.1%
Cash from investing
-526
-150
-49.2
Cash from financing
297
-123
-211
Depreciation and amortisation
80.8
77.8
87.4
+3.8%
Share-based compensation
115
86.4
82.9
+33.3%
Buybacks
0.0
115
1,100
Diluted shares, weighted
116m
118m
118m
-1.2%
Shares outstanding at period end
116m
115m
118m
+1.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,438
1,202
875
+19.7%
Short-term borrowings
n/a
0.0
n/a
Debt
1,005
669
643
+50.2%
Operating lease liabilities
180
0.0
n/a
Other liabilities
759
793
811
-4.4%
Total liabilities and equity
3,383
2,665
2,329
+27.0%
Fixed assets
101
106
80.6
-3.8%
Goodwill
1,626
1,238
1,182
+31.3%
Intangible assets
238
170
200
+39.8%
Investments
59.1
57.4
56.0
+2.9%
Cash and equivalents
275
270
260
+2.2%
Receivables
415
373
129
+11.4%
Other assets
668
451
421
+48.1%
Total assets
3,383
2,665
2,329
+27.0%
10-K for the year ended 30 September 2020, filed 20 November 2020: the filing.