OpenText Reports First Quarter Fiscal Year 2019 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)



September 30, 2018


June 30, 2018

ASSETS

(unaudited)



Cash and cash equivalents

$

787,919



$

682,942


Accounts receivable trade, net of allowance for doubtful accounts of $12,970 as of September 30, 2018 and $9,741 as of June 30, 2018

416,346



487,956


Contract assets

8,767




Income taxes recoverable

31,450



55,623


Prepaid expenses and other current assets

80,624



101,059


Total current assets

1,325,106



1,327,580


Property and equipment

246,500



264,205


Long-term contract assets

12,041




Goodwill

3,578,641



3,580,129


Acquired intangible assets

1,203,284



1,296,637


Deferred tax assets

1,106,377



1,122,729


Other assets

116,536



111,267


Deferred charges



38,000


Long-term income taxes recoverable

30,563



24,482


Total assets

$

7,619,048



$

7,765,029


LIABILITIES AND SHAREHOLDERS' EQUITY




Current liabilities:




Accounts payable and accrued liabilities

$

252,079



$

302,154


Current portion of long-term debt

10,000



10,000


Deferred revenues

582,139



644,211


Income taxes payable

31,055



38,234


Total current liabilities

875,273



994,599


Long-term liabilities:




Accrued liabilities

51,168



52,827


Deferred credits



2,727


Pension liability

64,730



65,719


Long-term debt

2,609,127



2,610,523


Deferred revenues

43,585



69,197


Long-term income taxes payable

173,807



172,241


Deferred tax liabilities

74,328



79,938


Total long-term liabilities

3,016,745



3,053,172


Shareholders' equity:




Share capital and additional paid-in capital




268,331,579 and 267,651,084 Common Shares issued and outstanding at September 30, 2018 and June 30, 2018, respectively; authorized Common Shares: unlimited

1,730,933



1,707,073


Accumulated other comprehensive income

32,256



33,645


Retained earnings

1,993,099



1,994,235


Treasury stock, at cost (991,368 shares at September 30, 2018 and 690,336 shares at June 30, 2018, respectively)

(30,381)



(18,732)


Total OpenText shareholders' equity

3,725,907



3,716,221


Non-controlling interests

1,123



1,037


Total shareholders' equity

3,727,030



3,717,258


Total liabilities and shareholders' equity

$

7,619,048



$

7,765,029



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