The FY 2021 revenue and ACV guidance assumes an incremental headwind of approximately $14 million from currency relative to our guidance initiated in February. This currency headwind had an approximately $0.06 per share impact on FY 2021 earnings per share guidance and an approximately $5 million impact on FY 2021 operating cash flow guidance.
The Q2 and FY 2021 earnings per share guidance includes a gain of approximately $15.1 million, or $0.14 per share, related to a change in the value of an equity investment. This gain will not affect the Company’s revenue, operating income or cash flows.
| (in millions) | Other Financial Metrics |
| ACV | $1,760.0 - $1,825.0 |
| Operating cash flows | $480.0 - $520.0 |
/ Conference Call Information
Ansys will hold a conference call at 8:30 a.m. Eastern Time on May 6, 2021 to discuss first quarter results. The Company will provide its prepared remarks on the Company’s investor relations homepage and as an exhibit in its Form 8-K in advance of the call to provide stockholders and analysts with additional time and detail for analyzing its results in preparation for the conference call. The prepared remarks will not be read on the call, and only brief remarks will be made prior to the Q&A session.
To participate in the live conference call, dial 855-239-2942 (US) or 412-542-4124 (Canada & Int’l). The call will be recorded and a replay will be available within two hours after the call. The replay will be available by dialing (877) 344-7529 (US), (855) 669-9658 (Canada) or (412) 317-0088 (Int’l) and entering the passcode 10154664. The archived webcast can be accessed, along with other financial information, on Ansys' website at https://investors.ansys.com/events-and-presentations/events-calendar.
/ GAAP Financial Statements
| ANSYS, INC. AND SUBSIDIARIES | |||||||
| Condensed Consolidated Balance Sheets | |||||||
| (Unaudited) | |||||||
| (in thousands) |
March 31,
2021 |
December 31,
2020 | |||||
| ASSETS: | |||||||
| Cash & short-term investments | $ | 987,943 | $ | 913,151 | |||
| Accounts receivable, net | 394,289 | 537,564 | |||||
| Goodwill | 3,036,783 | 3,038,306 | |||||
| Other intangibles, net | 677,357 | 694,865 | |||||
| Other assets | 721,656 | 756,704 | |||||
| Total assets | $ | 5,818,028 | $ | 5,940,590 | |||
| LIABILITIES & STOCKHOLDERS' EQUITY: | |||||||
| Current deferred revenue | $ | 366,596 | $ | 372,061 | |||
| Long-term debt | 793,515 | 798,118 | |||||
| Other liabilities | 545,948 | 672,539 | |||||
| Stockholders' equity | 4,111,969 | 4,097,872 | |||||
| Total liabilities & stockholders' equity | $ | 5,818,028 | $ | 5,940,590 | |||
