ANSYS Announces Record Q3 2017 Financial Results: Surpasses Q3 Revenue and EPS Guidance and Raises Q4 and FY 2017 Outlook


 
ANSYS, INC. AND SUBSIDIARIES
Reconciliation of Non-GAAP Measures
(Unaudited)
  Three Months Ended
  September 30, 2017  September 30, 2016
(in thousands, except percentages and per share data) As
Reported
  Adjustments  Non-
GAAP
Results
  As
Reported
  Adjustments  Non-
GAAP
Results
Total revenue $ 275,585   $ 1,181  (1 )  $ 276,766  $245,862  $  $245,862 
Operating income 106,183   28,711  (2 )  134,894  100,099  21,885 (4) 121,984 
Operating profit margin 38.5 %    48.7 % 40.7%   49.6%
Net income $ 73,630   $ 17,638  (3 )  $ 91,268  $69,557  $14,638 (5) $84,195 
Earnings per share – diluted:           
Earnings per share $ 0.85     $ 1.05  $0.78    $0.95 
Weighted average shares 86,588     86,588  88,676    88,676 

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

(2) Amount represents $14.8 million of stock-based compensation expense, $12.3 million of amortization expense associated with intangible assets acquired in business combinations, $0.5 million of restructuring charges and the $1.2 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 $11.0 million and rabbi trust income of $0.1 million.

(4) Amount represents $12.7 million of amortization expense associated with intangible assets acquired in business combinations, $9.0 million of stock-based compensation expense and $0.2 million of transaction expenses related to business combinations.

(5) Amount represents the impact of the adjustments to operating income referred to in (4) above, adjusted for the related income tax impact of $7.2 million.

 
 
ANSYS, INC. AND SUBSIDIARIES
Reconciliation of Non-GAAP Measures
(Unaudited)
  Nine Months Ended
  September 30, 2017  September 30, 2016
(in thousands, except percentages and per share data) As
Reported
  Adjustments   Non-
GAAP
Results
  As
Reported
  Adjustments   Non-
GAAP
Results
Total revenue $ 792,914     $ 1,748   (1 )   $ 794,662     $ 717,837     $ 103   (4)   $ 717,940  
Operating income 290,049     89,985   (2 )   380,034     279,276     62,990   (5)   342,266  
Operating profit margin 36.6 %       47.8 %   38.9 %       47.7 %
Net income $ 206,666     $ 48,480   (3 )   $ 255,146     $ 195,653     $ 41,145   (6)   $ 236,798  
Earnings per share – diluted:                      
Earnings per share $ 2.38         $ 2.94     $ 2.19         $ 2.65  
Weighted average shares 86,902         86,902     89,355         89,355  

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