ANSYS, INC. AND SUBSIDIARIES
Reconciliation of Forward-Looking Guidance
Quarter Ending June 30, 2022
| Earnings Per Share - Diluted | |||||||
| U.S. GAAP expectation | $0.80 | - | $1.03 | ||||
| Exclusions before tax: | |||||||
| Acquisition adjustments to deferred revenue | $0.02 | ||||||
| Acquisition-related amortization | $0.24 | ||||||
| Stock-based compensation and related excess payroll tax | $0.48 | - | $0.54 | ||||
| Transaction expenses related to business combinations | $0.02 | ||||||
| Adjustment for income tax effect | ($0.15) | - | ($0.16) | ||||
| Non-GAAP expectation | $1.46 | - | $1.64 | ||||
ANSYS, INC. AND SUBSIDIARIES
Reconciliation of Forward-Looking Guidance
Year Ending December 31, 2022
| Earnings Per Share - Diluted | |||||||
| U.S. GAAP expectation | $5.00 | - | $5.54 | ||||
| Exclusions before tax: | |||||||
| Acquisition adjustments to deferred revenue | $0.08 | ||||||
| Acquisition-related amortization | $0.95 | - | $0.96 | ||||
| Stock-based compensation and related excess payroll tax | $2.00 | - | $2.16 | ||||
| Transaction expenses related to business combinations | $0.04 | ||||||
| Adjustment for income tax effect | ($0.67) | - | ($0.71) | ||||
| Non-GAAP expectation | $7.53 | - | $7.94 | ||||
/
Use of Non-GAAP Measures
We provide non-GAAP revenue, non-GAAP gross profit, non-GAAP gross profit margin, non-GAAP operating income, non-GAAP operating profit margin, non-GAAP net income and non-GAAP diluted earnings per share as supplemental measures to GAAP regarding our operational performance. These financial measures exclude the impact of certain items and, therefore, have not been calculated in accordance with GAAP. A detailed explanation of each of the adjustments to such financial measures is described below. This press release also contains a reconciliation of each of these non-GAAP financial measures to its most comparable GAAP financial measure.
We use non-GAAP financial measures (a) to evaluate our historical and prospective financial performance as well as our performance relative to our competitors, (b) to set internal sales targets and spending budgets, (c) to allocate resources, (d) to measure operational profitability and the accuracy of forecasting, (e) to assess financial discipline over operational expenditures and (f) as an important factor in determining variable compensation for management and employees. In addition, many financial analysts that follow us focus on and publish both historical results and future projections based on non-GAAP financial measures. We believe that it is in the best interest of our investors to provide this information to analysts so that they accurately report the non-GAAP financial information. Moreover, investors have historically requested, and we have historically reported, these non-GAAP financial measures as a means of providing consistent and comparable information with past reports of financial results.
