OpenText Reports Third 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)



March 31, 2018


June 30, 2017

ASSETS

(unaudited)



Cash and cash equivalents

$

605,497



$

443,357


Accounts receivable trade, net of allowance for doubtful accounts of $9,007 as of March 31, 2018 and $6,319 as of June 30, 2017

515,012



445,812


Income taxes recoverable

42,880



32,683


Prepaid expenses and other current assets

105,657



81,625


Total current assets

1,269,046



1,003,477


Property and equipment

264,859



227,418


Goodwill

3,592,598



3,416,749


Acquired intangible assets

1,391,413



1,472,542


Deferred tax assets

1,142,385



1,215,712


Other assets

99,732



93,763


Deferred charges

39,148



42,344


Long-term income taxes recoverable

21,696



8,557


Total assets

$

7,820,877



$

7,480,562


LIABILITIES AND SHAREHOLDERS' EQUITY




Current liabilities:




Accounts payable and accrued liabilities

$

295,165



$

342,120


Current portion of long-term debt

282,760



182,760


Deferred revenues

689,189



570,328


Income taxes payable

33,685



31,835


Total current liabilities

1,300,799



1,127,043


Long-term liabilities:




Accrued liabilities

52,688



50,338


Deferred credits

3,366



5,283


Pension liability

62,996



58,627


Long-term debt

2,385,322



2,387,057


Deferred revenues

72,176



61,678


Long-term income taxes payable

171,174



162,493


Deferred tax liabilities

75,376



94,724


Total long-term liabilities

2,823,098



2,820,200


Shareholders' equity:




Share capital and additional paid-in capital




267,266,442 and 264,059,567 Common Shares issued and outstanding at March 31, 2018 and June 30, 2017, respectively; authorized Common Shares: unlimited

1,689,997



1,613,454


Accumulated other comprehensive income

51,810



48,800


Retained earnings

1,973,129



1,897,624


Treasury stock, at cost (694,169 shares at March 31, 2018 and 1,101,612 at June 30, 2017, respectively)

(18,823)



(27,520)


Total OpenText shareholders' equity

3,696,113



3,532,358


Non-controlling interests

867



961


Total shareholders' equity

3,696,980



3,533,319


Total liabilities and shareholders' equity

$

7,820,877



$

7,480,562



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