| ANSYS, INC. AND SUBSIDIARIES | |||||||||||||||
| Condensed Consolidated Statements of Income | |||||||||||||||
| (Unaudited) | |||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||
| (in thousands, except per share data) |
June 30,
2020 |
June 30,
2019 |
June 30,
2020 |
June 30,
2019 | |||||||||||
| Revenue: | |||||||||||||||
| Software licenses | $ | 169,341 | $ | 170,499 | $ | 257,171 | $ | 293,543 | |||||||
| Maintenance and service | 216,320 | 198,136 | 433,475 | 392,222 | |||||||||||
| Total revenue | 385,661 | 368,635 | 690,646 | 685,765 | |||||||||||
| Cost of sales: | |||||||||||||||
| Software licenses | 8,511 | 6,204 | 13,437 | 10,912 | |||||||||||
| Amortization | 9,764 | 4,755 | 19,316 | 9,302 | |||||||||||
| Maintenance and service | 35,585 | 29,538 | 71,223 | 55,098 | |||||||||||
| Total cost of sales | 53,860 | 40,497 | 103,976 | 75,312 | |||||||||||
| Gross profit | 331,801 | 328,138 | 586,670 | 610,453 | |||||||||||
| Operating expenses: | |||||||||||||||
| Selling, general and administrative | 128,698 | 120,412 | 259,220 | 232,581 | |||||||||||
| Research and development | 86,133 | 75,302 | 172,245 | 146,040 | |||||||||||
| Amortization | 4,163 | 3,796 | 8,325 | 7,555 | |||||||||||
| Total operating expenses | 218,994 | 199,510 | 439,790 | 386,176 | |||||||||||
| Operating income | 112,807 | 128,628 | 146,880 | 224,277 | |||||||||||
| Interest income | 934 | 2,980 | 3,709 | 6,422 | |||||||||||
| Interest expense | (3,040 | ) | (231 | ) | (6,691 | ) | (322 | ) | |||||||
| Other income (expense), net | 1,884 | (1,436 | ) | 2,011 | (1,770 | ) | |||||||||
| Income before income tax provision | 112,585 | 129,941 | 145,909 | 228,607 | |||||||||||
| Income tax provision | 16,021 | 20,191 | 3,281 | 32,627 | |||||||||||
| Net income | $ | 96,564 | $ | 109,750 | $ | 142,628 | $ | 195,980 | |||||||
| Earnings per share – basic: | |||||||||||||||
| Earnings per share | $ | 1.13 | $ | 1.31 | $ | 1.66 | $ | 2.34 | |||||||
| Weighted average shares | 85,651 | 83,978 | 85,724 | 83,871 | |||||||||||
| Earnings per share – diluted: | |||||||||||||||
| Earnings per share | $ | 1.11 | $ | 1.28 | $ | 1.64 | $ | 2.29 | |||||||
| Weighted average shares | 86,934 | 85,483 | 87,152 | 85,488 | |||||||||||
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Ansys Announces Q2 Financial Results With Q2 Record Revenue, ACV and Operating Cash Flow
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