| ANSYS, INC. AND SUBSIDIARIES | |||||||||||||||||||||||
| Reconciliation of Non-GAAP Measures | |||||||||||||||||||||||
| (Unaudited) | |||||||||||||||||||||||
| Six Months Ended | |||||||||||||||||||||||
| June 30, 2020 | |||||||||||||||||||||||
| (in thousands, except percentages and per share data) | Revenue |
Gross
Profit | % |
Operating
Income | % |
Net
Income |
EPS -
Diluted1 | ||||||||||||||||
| Total GAAP | $ | 690,646 | $ | 586,670 | 84.9 | % | $ | 146,880 | 21.3 | % | $ | 142,628 | $ | 1.64 | |||||||||
| Acquisition accounting for deferred revenue | 7,952 | 7,952 | 0.2 | % | 7,952 | 0.9 | % | 7,952 | 0.09 | ||||||||||||||
| Stock-based compensation expense | — | 6,330 | 1.0 | % | 65,071 | 9.4 | % | 65,071 | 0.75 | ||||||||||||||
| Excess payroll taxes related to stock-based awards | — | 689 | 0.1 | % | 8,859 | 1.2 | % | 8,859 | 0.10 | ||||||||||||||
| Amortization of intangible assets from acquisitions | — | 19,316 | 2.7 | % | 27,641 | 4.0 | % | 27,641 | 0.32 | ||||||||||||||
| Transaction expenses related to business combinations | — | — | — | % | 1,259 | 0.1 | % | 1,259 | 0.01 | ||||||||||||||
| Rabbi trust (income) / expense | — | — | — | % | — | — | % | (5 | ) | — | |||||||||||||
| Adjustment for income tax effect | — | — | — | % | — | — | % | (46,773 | ) | (0.54 | ) | ||||||||||||
| Total non-GAAP | $ | 698,598 | $ | 620,957 | 88.9 | % | $ | 257,662 | 36.9 | % | $ | 206,632 | $ | 2.37 | |||||||||
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Ansys Announces Q2 Financial Results With Q2 Record Revenue, ACV and Operating Cash Flow
1 Diluted weighted average shares were 85,483.
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