Altair Announces Second Quarter 2020 Financial Results

The following table provides a reconciliation of Free Cash Flow to net cash provided by operating activities, the most comparable GAAP financial measure:

  (Unaudited) 
    Three Months Ended June 30,     Six Months Ended June 30,  
(in thousands)   2020     2019     2020     2019  
Net cash provided by operating activities $5,365  $6,553  $33,401  $31,868 
Capital expenditures  (886)  (2,084)  (2,530)  (6,667)
Free cash flow $4,479  $4,469  $30,871  $25,201 
                     

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