| ANSYS, INC. AND SUBSIDIARIES | |||||||||||
| Condensed Consolidated Statements of Income | |||||||||||
| (Unaudited) | |||||||||||
| Three Months Ended | |||||||||||
| ASC 606 | ASC 605 | ASC 605 | |||||||||
| (in thousands, except per share data) |
March 31,
2018 |
March 31,
2018 |
March 31,
2017 | ||||||||
| Revenue: | |||||||||||
| Software licenses | $ | 110,046 | $ | 154,857 | $ | 141,908 | |||||
| Maintenance and service | 172,827 | 129,712 | 111,497 | ||||||||
| Total revenue | 282,873 | 284,569 | 253,405 | ||||||||
| Cost of sales: | |||||||||||
| Software licenses | 3,911 | 8,146 | 9,277 | ||||||||
| Amortization | 8,786 | 8,786 | 8,936 | ||||||||
| Maintenance and service | 26,341 | 22,106 | 18,818 | ||||||||
| Total cost of sales | 39,038 | 39,038 | 37,031 | ||||||||
| Gross profit | 243,835 | 245,531 | 216,374 | ||||||||
| Operating expenses: | |||||||||||
| Selling, general and administrative | 87,809 | 87,809 | 73,417 | ||||||||
| Research and development | 57,530 | 57,530 | 54,378 | ||||||||
| Amortization | 3,435 | 3,435 | 3,107 | ||||||||
| Total operating expenses | 148,774 | 148,774 | 130,902 | ||||||||
| Operating income | 95,061 | 96,757 | 85,472 | ||||||||
| Interest income | 2,285 | 2,285 | 1,249 | ||||||||
| Other expense, net | (308 | ) | (308 | ) | (1,154 | ) | |||||
| Income before income tax provision | 97,038 | 98,734 | 85,567 | ||||||||
| Income tax provision | 12,758 | 12,981 | 22,261 | ||||||||
| Net income | $ | 84,280 | $ | 85,753 | $ | 63,306 | |||||
| Earnings per share – basic: | |||||||||||
| Earnings per share | $ | 1.00 | $ | 1.02 | $ | 0.74 | |||||
| Weighted average shares | 83,931 | 83,931 | 85,456 | ||||||||
| Earnings per share – diluted: | |||||||||||
| Earnings per share | $ | 0.98 | $ | 1.00 | $ | 0.73 | |||||
| Weighted average shares | 86,152 | 86,152 | 87,224 | ||||||||
ANSYS Announces Q1 2018 Financial Results: a Strong Start Reflecting Record First Quarter Revenue, EPS and Operating Cash Flows
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