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ANSYS, INC. AND SUBSIDIARIES | ||||||||||
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Condensed Consolidated Statements of Income | ||||||||||
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(in thousands, except per share data) | ||||||||||
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(Unaudited) | ||||||||||
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Three Months Ended |
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Nine Months Ended | ||||||
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September 30, 2012 |
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September 30, 2011 |
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September 30, 2012 |
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September 30, 2011 | ||
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Revenue: |
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Software licenses |
$123,027 |
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$104,477 |
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$359,933 |
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$297,780 | ||
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Maintenance and service |
73,882 |
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68,458 |
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217,337 |
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195,460 | ||
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Total revenue |
196,909 |
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172,935 |
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577,270 |
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493,240 | ||
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Cost of sales: |
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Software licenses |
5,473 |
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4,220 |
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17,758 |
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10,144 | ||
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Amortization |
10,244 |
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8,993 |
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30,583 |
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23,993 | ||
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Maintenance and service |
18,039 |
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17,814 |
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54,494 |
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51,535 | ||
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Total cost of sales |
33,756 |
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31,027 |
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102,835 |
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85,672 | ||
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Gross profit |
163,153 |
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141,908 |
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474,435 |
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407,568 | |||
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Operating expenses: |
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Selling, general and administrative |
49,195 |
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43,180 |
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143,424 |
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123,786 | ||
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Research and development |
33,506 |
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28,899 |
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98,422 |
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78,779 | ||
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Amortization |
6,800 |
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4,500 |
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19,975 |
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12,587 | ||
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Total operating expenses |
89,501 |
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76,579 |
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261,821 |
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215,152 | ||
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Operating income |
73,652 |
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65,329 |
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212,614 |
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192,416 | |||
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Interest expense |
(632) |
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(753) |
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(2,173) |
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(2,330) | |||
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Interest income |
774 |
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789 |
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2,562 |
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2,196 | |||
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Other (expense) income, net |
(355) |
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78 |
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(1,010) |
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(544) | |||
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Income before income tax provision |
73,439 |
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65,443 |
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211,993 |
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191,738 | |||
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Income tax provision |
21,820 |
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19,897 |
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64,573 |
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58,520 | |||
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Net income |
$51,619 |
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$45,546 |
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$147,420 |
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$133,218 | |||
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Earnings per share – basic: |
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Basic earnings per share |
$0.56 |
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$0.49 |
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$1.59 |
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$1.45 | ||
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Weighted average shares – basic |
92,448 |
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92,277 |
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92,631 |
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91,995 | ||
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Earnings per share - diluted: |
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Diluted earnings per share |
$0.54 |
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$0.48 |
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$1.55 |
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$1.41 | ||
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Weighted average shares – diluted |
94,755 |
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94,445 |
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94,958 |
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94,268 | ||
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