OpenText Reports Second Quarter Fiscal Year 2018 Financial Results

For more information, please contact:

Greg Secord
Vice President, Investor Relations
Open Text Corporation
415-963-0825
investors@opentext.com

OTEX-F

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OPEN TEXT CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands of U.S. dollars, except share data)



December 31, 2017


June 30, 2017

ASSETS

(unaudited)



Cash and cash equivalents

$

476,014



$

443,357


Accounts receivable trade, net of allowance for doubtful accounts of $8,503 as of December 31, 2017 and $6,319 as of June 30, 2017

511,969



445,812


Income taxes recoverable

23,861



32,683


Prepaid expenses and other current assets

101,063



81,625


Total current assets

1,112,907



1,003,477


Property and equipment

260,896



227,418


Goodwill

3,578,976



3,416,749


Acquired intangible assets

1,468,378



1,472,542


Deferred tax assets

1,158,836



1,215,712


Other assets

96,612



93,763


Deferred charges

39,204



42,344


Long-term income taxes recoverable

23,412



8,557


Total assets

$

7,739,221



$

7,480,562


LIABILITIES AND SHAREHOLDERS' EQUITY




Current liabilities:




Accounts payable and accrued liabilities

$

318,008



$

342,120


Current portion of long-term debt

382,760



182,760


Deferred revenues

557,873



570,328


Income taxes payable

30,084



31,835


Total current liabilities

1,288,725



1,127,043


Long-term liabilities:




Accrued liabilities

47,379



50,338


Deferred credits

4,005



5,283


Pension liability

62,213



58,627


Long-term debt

2,385,709



2,387,057


Deferred revenues

68,934



61,678


Long-term income taxes payable

176,222



162,493


Deferred tax liabilities

77,182



94,724


Total long-term liabilities

2,821,644



2,820,200


Shareholders' equity:




Share capital and additional paid-in capital




265,625,515 and 264,059,567 Common Shares issued and outstanding at December 31, 2017 and June 30, 2017, respectively; authorized Common Shares: unlimited

1,650,217



1,613,454


Accumulated other comprehensive income

47,521



48,800


Retained earnings

1,949,503



1,897,624


Treasury stock, at cost (714,169 shares at December 31, 2017 and 1,101,612 at June 30, 2017, respectively)

(19,250)



(27,520)


Total OpenText shareholders' equity

3,627,991



3,532,358


Non-controlling interests

861



961


Total shareholders' equity

3,628,852



3,533,319


Total liabilities and shareholders' equity

$

7,739,221



$

7,480,562



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