| ANSYS, INC. AND SUBSIDIARIES | |||||||||||||||||||
| Condensed Consolidated Statements of Income | |||||||||||||||||||
| (Unaudited) | |||||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||
| (in thousands, except per share data) |
June 30,
2021 |
June 30,
2020 |
June 30,
2021 |
June 30,
2020 | |||||||||||||||
| Revenue: | |||||||||||||||||||
| Software licenses | $ | 214,822 | $ | 169,341 | $ | 347,426 | $ | 257,171 | |||||||||||
| Maintenance and service | 231,832 | 216,320 | 462,454 | 433,475 | |||||||||||||||
| Total revenue | 446,654 | 385,661 | 809,880 | 690,646 | |||||||||||||||
| Cost of sales: | |||||||||||||||||||
| Software licenses | 8,065 | 8,511 | 15,671 | 13,437 | |||||||||||||||
| Amortization | 15,025 | 9,764 | 29,974 | 19,316 | |||||||||||||||
| Maintenance and service | 41,068 | 35,585 | 80,616 | 71,223 | |||||||||||||||
| Total cost of sales | 64,158 | 53,860 | 126,261 | 103,976 | |||||||||||||||
| Gross profit | 382,496 | 331,801 | 683,619 | 586,670 | |||||||||||||||
| Operating expenses: | |||||||||||||||||||
| Selling, general and administrative | 160,410 | 128,698 | 306,625 | 259,220 | |||||||||||||||
| Research and development | 100,879 | 86,133 | 201,358 | 172,245 | |||||||||||||||
| Amortization | 4,434 | 4,163 | 8,841 | 8,325 | |||||||||||||||
| Total operating expenses | 265,723 | 218,994 | 516,824 | 439,790 | |||||||||||||||
| Operating income | 116,773 | 112,807 | 166,795 | 146,880 | |||||||||||||||
| Interest income | 486 | 934 | 1,003 | 3,709 | |||||||||||||||
| Interest expense | (3,336 | ) | (3,040 | ) | (6,651 | ) | (6,691 | ) | |||||||||||
| Other income, net | 14,937 | 1,884 | 15,336 | 2,011 | |||||||||||||||
| Income before income tax provision | 128,860 | 112,585 | 176,483 | 145,909 | |||||||||||||||
| Income tax provision | 35,144 | 16,021 | 10,369 | 3,281 | |||||||||||||||
| Net income | $ | 93,716 | $ | 96,564 | $ | 166,114 | $ | 142,628 | |||||||||||
| Earnings per share – basic: | |||||||||||||||||||
| Earnings per share | $ | 1.08 | $ | 1.13 | $ | 1.91 | $ | 1.66 | |||||||||||
| Weighted average shares | 87,168 | 85,651 | 86,988 | 85,724 | |||||||||||||||
| Earnings per share – diluted: | |||||||||||||||||||
| Earnings per share | $ | 1.06 | $ | 1.11 | $ | 1.89 | $ | 1.64 | |||||||||||
| Weighted average shares | 88,053 | 86,934 | 88,019 | 87,152 | |||||||||||||||
