ANSYS Announces Q4 2017 Financial Results: A Strong Finish Reflecting Record Bookings, Revenue, EPS and Operating Cash Flow


 
ANSYS, INC. AND SUBSIDIARIES
Reconciliation of Non-GAAP Measures
(Unaudited)
  Three Months Ended
  December 31, 2017  December 31, 2016
(in thousands, except percentages and per share data) As
Reported
  Adjustments  Non-GAAP
Results
  As
Reported
  Adjustments  Non-GAAP
Results
Total revenue $ 302,336   $ 1,108  (1 ) $ 303,444  $270,628  $  $270,628 
Operating income 100,679   28,582  (2 ) 129,261  96,966  25,124 (4)122,090 
Operating profit margin 33.3 %    42.6 % 35.8%   45.1%
Net income $ 52,585   $ 40,183  (3 ) $ 92,768  $69,983  $16,141 (5)$86,124 
Earnings per share – diluted:           
Earnings per share $ 0.61     $ 1.07  $0.80    $0.98 
Weighted average shares 86,709     86,709  87,811    87,811 
                

(1) Amount represents the revenue not reported during the period as a result of the acquisition accounting adjustment associated with the accounting for deferred revenue in business combinations.

(2) Amount represents $13.7 million of stock-based compensation expense, $13.4 million of amortization expense associated with intangible assets acquired in business combinations, $0.4 million of transaction expenses related to business combinations and the $1.1 million adjustment to revenue as reflected in (1) above.

(3) Amount represents the impact of the adjustments to operating income referred to in (2) above, decreased for the related income tax impact of $11.0 million, excluding the impact of the Tax Cuts and Jobs Act, and rabbi trust income of $0.1 million, and increased for total net impacts of the Tax Cuts and Jobs Act of $22.7 million.

(4) Amount represents $12.7 million of amortization expense associated with intangible assets acquired in business combinations, $8.8 million of stock-based compensation expense, $3.4 million of restructuring charges and $0.2 million of transaction expenses related to business combinations.

(5) Amount represents the impact of the adjustments to operating income referred to in (4) above, adjusted for the related income tax impact of $9.0 million.

 
ANSYS, INC. AND SUBSIDIARIES
Reconciliation of Non-GAAP Measures
(Unaudited)
  Twelve Months Ended
  December 31, 2017   December 31, 2016
(in thousands, except percentages and per share data) As
Reported
  Adjustments   Non-GAAP
Results
  As
Reported
  Adjustments   Non-GAAP
Results
Total revenue $ 1,095,250     $ 2,856   (1 ) $ 1,098,106     $ 988,465     $ 103   (4 ) $ 988,568  
Operating income 390,728     118,567   (2 ) 509,295     376,242     88,114   (5 ) 464,356  
Operating profit margin 35.7 %       46.4 %   38.1 %       47.0 %
Net income $ 259,251     $ 88,663   (3 ) $ 347,914     $ 265,636     $ 57,286   (6 ) $ 322,922  
Earnings per share – diluted:                      
Earnings per share $ 2.98         $ 4.01     $ 2.99         $ 3.63  
Weighted average shares 86,854         86,854     88,969         88,969  
                               

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise