ANSYS, Inc. Reports Fourth Quarter and Fiscal Year 2015 Results,

ANSYS, Inc. Reports Fourth Quarter and Fiscal Year 2015 Results, Including Strong Earnings and Cash Flows in Q4

ANSYS, INC. AND SUBSIDIARIES
Reconciliation of Non-GAAP Measures
(Unaudited)
(in thousands, except percentages and per share data)

	Three Months Ended

	December 31, 2015							December 31, 2014
	As Reported			Adjustments	Non- GAAP Results			As Reported			Adjustments	Non- GAAP Results

Total revenue	$	251,647		$ 360 ⁽¹⁾	$	252,007		$	254,375		$ 1,114 ⁽⁴⁾	$	255,489
Operating income		96,943		22,780 ⁽²⁾		119,723			94,048		25,973 ⁽⁵⁾		120,021
Operating profit margin		38.5	%			47.5	%		37.0	%			47.0	%
Net income	$	68,021		$14,396 ⁽³⁾	$	82,417		$	69,633		$16,656 ⁽⁶⁾	$	86,289
Earnings per share – diluted:
Diluted earnings per share	$	0.75			$	0.91		$	0.74			$	0.92
Weighted average shares - diluted		90,549				90,549			93,584				93,584

(1) Amount represents the revenue not reported during the period as a result of the acquisition accounting adjustment associated with accounting for deferred revenue in business combinations.

(2) Amount represents $14.2 million of amortization expense associated with intangible assets acquired in business combinations, $8.2 million of stock-based compensation expense and the $0.4 million adjustment to revenue as reflected in (1) above.

(3) Amount represents the impact of the adjustments to operating income referred to in (2) above, adjusted for the related income tax impact of $8.4 million.

(4) Amount represents the revenue not reported during the period as a result of the acquisition accounting adjustment associated with accounting for deferred revenue in business combinations.

(5) Amount represents $15.5 million of amortization expense associated with intangible assets acquired in business combinations, $9.3 million of stock-based compensation expense, the $1.1 million adjustment to revenue as reflected in (4) above and $0.1 million of transaction expenses related to business combinations.

(6) Amount represents the impact of the adjustments to operating income referred to in (5) above, adjusted for the related income tax impact of $9.3 million.

ANSYS, INC. AND SUBSIDIARIES
Reconciliation of Non-GAAP Measures
(Unaudited)
(in thousands, except percentages and per share data)

	Twelve Months Ended

	December 31, 2015							December 31, 2014
	As Reported			Adjustments	Non- GAAP Results			As Reported			Adjustments	Non- GAAP Results

Total revenue	$	942,753		$ 1,725 ⁽¹⁾	$	944,478		$	936,021		$ 5,421 ⁽⁴⁾	$	941,442
Operating income		353,679		94,665 ⁽²⁾		448,344			347,450		104,403 ⁽⁵⁾		451,853
Operating profit margin		37.5	%			47.5	%		37.1	%			48.0	%
Net income	$	252,521		$60,854 ⁽³⁾	$	313,375		$	254,690		$68,719 ⁽⁶⁾	$	323,409
Earnings per share – diluted:
Diluted earnings per share	$	2.76			$	3.42		$	2.70			$	3.43
Weighted average shares - diluted		91,502				91,502			94,194				94,194

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 Next Page »