| ANSYS, INC. AND SUBSIDIARIES | |||||||||||||||
| Condensed Consolidated Statements of Income | |||||||||||||||
| (Unaudited) | |||||||||||||||
| Three Months Ended | Twelve Months Ended | ||||||||||||||
| (in thousands, except per share data) |
December 31,
2023 |
December 31,
2022 |
December 31,
2023 |
December 31,
2022 | |||||||||||
| Revenue: | |||||||||||||||
| Software licenses | $ | 502,277 | $ | 413,646 | $ | 1,088,748 | $ | 988,978 | |||||||
| Maintenance and service | 302,831 | 280,469 | 1,181,201 | 1,076,575 | |||||||||||
| Total revenue | 805,108 | 694,115 | 2,269,949 | 2,065,553 | |||||||||||
| Cost of sales: | |||||||||||||||
| Software licenses | 10,909 | 7,711 | 40,004 | 33,081 | |||||||||||
| Amortization | 20,586 | 17,425 | 80,990 | 69,372 | |||||||||||
| Maintenance and service | 38,554 | 36,291 | 150,304 | 148,188 | |||||||||||
| Total cost of sales | 70,049 | 61,427 | 271,298 | 250,641 | |||||||||||
| Gross profit | 735,059 | 632,688 | 1,998,651 | 1,814,912 | |||||||||||
| Operating expenses: | |||||||||||||||
| Selling, general and administrative | 269,857 | 257,450 | 855,135 | 772,871 | |||||||||||
| Research and development | 126,288 | 111,390 | 494,869 | 433,661 | |||||||||||
| Amortization | 5,914 | 3,747 | 22,512 | 15,722 | |||||||||||
| Total operating expenses | 402,059 | 372,587 | 1,372,516 | 1,222,254 | |||||||||||
| Operating income | 333,000 | 260,101 | 626,135 | 592,658 | |||||||||||
| Interest income | 7,199 | 3,576 | 19,588 | 5,717 | |||||||||||
| Interest expense | (12,551 | ) | (9,058 | ) | (47,145 | ) | (22,726 | ) | |||||||
| Other (expense) income, net | (2,876 | ) | 1,792 | (6,440 | ) | (334 | ) | ||||||||
| Income before income tax provision | 324,772 | 256,411 | 592,138 | 575,315 | |||||||||||
| Income tax provision (benefit) | 50,010 | (1,536 | ) | 91,726 | 51,605 | ||||||||||
| Net income | $ | 274,762 | $ | 257,947 | $ | 500,412 | $ | 523,710 | |||||||
| Earnings per share – basic: | |||||||||||||||
| Earnings per share | $ | 3.16 | $ | 2.96 | $ | 5.76 | $ | 6.02 | |||||||
| Weighted average shares | 86,888 | 87,017 | 86,833 | 87,051 | |||||||||||
| Earnings per share – diluted: | |||||||||||||||
| Earnings per share | $ | 3.14 | $ | 2.95 | $ | 5.73 | $ | 5.99 | |||||||
| Weighted average shares | 87,541 | 87,473 | 87,386 | 87,490 | |||||||||||
