PTC (PTC) FY2023 results: revenue $2.1 billion, up 8.5% on the year
PTC Inc. (PTC) reported revenue of $2.1 billion for fiscal 2023, the year ended 30 September 2023, up 8.5% on the year before. Net income was $246 million, down 21.6%, and diluted earnings per share $2.06. The figures are the company's own, from the 10-K it filed with the SEC on 20 November 2023.
Revenue
$2.1 billion
+8.5% on the year
FY2016FY2023
Operating margin
21.9%
23.1% a year earlier
FY2016FY2023
Net income
$246 million
-21.6% on the year
FY2016FY2023
Diluted EPS
$2.06
-22.3% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
611
435
369
+40.3%
Capital expenditure
23.8
19.5
24.7
+22.1%
Free cash flow
587
416
344
+41.2%
Free cash flow margin
28.0%
21.5%
19.0%
Cash from investing
-866
-201
-688
Cash from financing
268
-264
370
Depreciation and amortisation
105
87.7
85.2
+19.5%
Share-based compensation
206
175
177
+18.1%
Buybacks
0.0
125
30.0
Diluted shares, weighted
119m
118m
118m
+0.9%
Shares outstanding at period end
119m
117m
117m
+1.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,677
2,296
2,038
+16.6%
Debt
1,696
1,351
1,439
+25.6%
Operating lease liabilities
168
168
181
+0.5%
Other liabilities
1,747
873
849
+100.1%
Total liabilities and equity
6,289
4,687
4,508
+34.2%
Fixed assets
88.4
98.1
100
-9.9%
Goodwill
3,359
2,354
2,192
+42.7%
Intangible assets
941
383
379
+145.9%
Investments
n/a
n/a
0.0
Securities held for sale or to maturity
2.0
2.0
n/a
0.0%
Cash and equivalents
288
272
327
+5.8%
Receivables
811
637
541
+27.5%
Other assets
799
942
969
-15.2%
Total assets
6,289
4,687
4,508
+34.2%
10-K for the year ended 30 September 2023, filed 20 November 2023: the filing.