| ANSYS, INC. AND SUBSIDIARIES | |||||||
| Condensed Consolidated Balance Sheets | |||||||
| (Unaudited) | |||||||
| (in thousands) | March 31, 2020 | December 31, 2019 | |||||
| ASSETS: | |||||||
| Cash & short-term investments | $ | 718,030 | $ | 872,382 | |||
| Accounts receivable, net | 337,105 | 433,479 | |||||
| Goodwill | 2,398,684 | 2,413,280 | |||||
| Other intangibles, net | 458,136 | 476,711 | |||||
| Other assets | 614,130 | 643,035 | |||||
| Total assets | $ | 4,526,085 | $ | 4,838,887 | |||
| LIABILITIES & STOCKHOLDERS' EQUITY: | |||||||
| Current deferred revenue | $ | 352,964 | $ | 351,353 | |||
| Long-term debt | 423,607 | 423,531 | |||||
| Other liabilities | 457,164 | 610,624 | |||||
| Stockholders' equity | 3,292,350 | 3,453,379 | |||||
| Total liabilities & stockholders' equity | $ | 4,526,085 | $ | 4,838,887 | |||
| ANSYS, INC. AND SUBSIDIARIES | |||||||
| Condensed Consolidated Statements of Income | |||||||
| (Unaudited) | |||||||
| Three Months Ended | |||||||
| (in thousands, except per share data) |
March 31,
2020 |
March 31,
2019 | |||||
| Revenue: | |||||||
| Software licenses | $ | 87,830 | $ | 123,044 | |||
| Maintenance and service | 217,155 | 194,086 | |||||
| Total revenue | 304,985 | 317,130 | |||||
| Cost of sales: | |||||||
| Software licenses | 4,926 | 4,708 | |||||
| Amortization | 9,552 | 4,547 | |||||
| Maintenance and service | 35,638 | 25,560 | |||||
| Total cost of sales | 50,116 | 34,815 | |||||
| Gross profit | 254,869 | 282,315 | |||||
| Operating expenses: | |||||||
| Selling, general and administrative | 130,522 | 112,169 | |||||
| Research and development | 86,112 | 70,738 | |||||
| Amortization | 4,162 | 3,759 | |||||
| Total operating expenses | 220,796 | 186,666 | |||||
| Operating income | 34,073 | 95,649 | |||||
| Interest income | 2,775 | 3,442 | |||||
| Interest expense | (3,651 | ) | (91 | ) | |||
| Other income (expense), net | 127 | (334 | ) | ||||
| Income before income tax provision | 33,324 | 98,666 | |||||
| Income tax (benefit) provision | (12,740 | ) | 12,436 | ||||
| Net income | $ | 46,064 | $ | 86,230 | |||
| Earnings per share – basic: | |||||||
| Earnings per share | $ | 0.54 | $ | 1.03 | |||
| Weighted average shares | 85,798 | 83,764 | |||||
| Earnings per share – diluted: | |||||||
| Earnings per share | $ | 0.53 | $ | 1.01 | |||
| Weighted average shares | 87,369 | 85,493 | |||||
