10-Q Filing

ANSYS INC CIK: 1013462 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001013462-16-000020`
Period End Date	20160331
Filing Date	20160505
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	anss-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 46 Cash Flow Statement 68 Comprehensive Income 6

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.20M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.20M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$760.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$788.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$784.17M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$863.43M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$442.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$446.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $5,200 and $5,200, respectively	`AccountsReceivableNetCurrent`	$91.58M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $5,200 and $5,200, respectively	`AccountsReceivableNetCurrent`	$82.50M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other receivables and current assets	`OtherAssetsCurrent`	$172.30M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other receivables and current assets	`OtherAssetsCurrent`	$200.23M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.12B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.08B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	93.24M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$60.15M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	93.24M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$61.92M	USD	Point-in-time
Goodwill	`Goodwill`	$1.31B	USD	Point-in-time
Goodwill	`Goodwill`	$1.33B	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	5.26M	shares	Point-in-time
Goodwill	`Goodwill`	$1.32B	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	5.10M	shares	Point-in-time
Goodwill	`Goodwill`	$1.33B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$209.68M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$220.55M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$5.97M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$5.76M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$30.23M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$32.90M	USD	Point-in-time
Total assets	`Assets`	$2.76B	USD	Point-in-time
Total assets	`Assets`	$2.73B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.87M	USD	Point-in-time
Accrued bonuses and commissions	`AccruedBonusesCurrent`	$17.64M	USD	Point-in-time
Accrued bonuses and commissions	`AccruedBonusesCurrent`	$46.14M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$4.70M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$16.79M	USD	Point-in-time
Other accrued expenses and liabilities	`OtherAccruedLiabilitiesCurrent`	$63.80M	USD	Point-in-time
Other accrued expenses and liabilities	`OtherAccruedLiabilitiesCurrent`	$60.95M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$364.64M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$375.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$474.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$484.15M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.09M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$6.57M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$49.24M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$43.53M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$51.33M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$50.10M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value; 2,000,000 shares authorized; zero shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; 2,000,000 shares authorized; zero shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value; 300,000,000 shares authorized; 93,236,023 shares issued	`CommonStockValue`	$932.00K	USD	Point-in-time
Common stock, $.01 par value; 300,000,000 shares authorized; 93,236,023 shares issued	`CommonStockValue`	$932.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$882.44M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$894.47M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.85B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.79B	USD	Point-in-time
Treasury stock, at cost: 5,262,278 and 5,096,505 shares, respectively	`TreasuryStockValue`	$456.87M	USD	Point-in-time
Treasury stock, at cost: 5,262,278 and 5,096,505 shares, respectively	`TreasuryStockValue`	$440.84M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-41.09M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-52.16M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.19B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.23B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.76B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.73B	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Software licenses	`LicensesRevenue`	$126.05M	USD	1 Quarter
Software licenses	`LicensesRevenue`	$124.97M	USD	1 Quarter
Maintenance and service	`MaintenanceRevenue`	$99.86M	USD	1 Quarter
Maintenance and service	`MaintenanceRevenue`	$92.81M	USD	1 Quarter
Total revenue	`Revenues`	$225.91M	USD	1 Quarter
Total revenue	`Revenues`	$217.78M	USD	1 Quarter
Software licenses	`LicenseCosts`	$7.21M	USD	1 Quarter
Software licenses	`LicenseCosts`	$6.74M	USD	1 Quarter
Amortization	`CostOfGoodsSoldAmortization`	$9.36M	USD	1 Quarter
Amortization	`CostOfGoodsSoldAmortization`	$9.51M	USD	1 Quarter
Maintenance and service	`MaintenanceCosts`	$19.04M	USD	1 Quarter
Maintenance and service	`MaintenanceCosts`	$19.32M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$35.89M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$35.28M	USD	1 Quarter
Gross profit	`GrossProfit`	$190.62M	USD	1 Quarter
Gross profit	`GrossProfit`	$181.89M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$56.75M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$57.77M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$44.67M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$40.01M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$5.08M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$3.16M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$101.83M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$105.60M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$85.02M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$80.06M	USD	1 Quarter
Interest expense	`InterestExpense`	$86.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$154.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$950.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$656.00K	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-108.00K	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$767.00K	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$85.78M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$81.33M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$25.20M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$29.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$56.47M	USD	1 Quarter
Net income	`NetIncomeLoss`	$56.13M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.62	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.64	USD	1 Quarter
Weighted average shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	90.06M	shares	1 Quarter
Weighted average shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	88.11M	shares	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.63	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.61	USD	1 Quarter
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	92.14M	shares	1 Quarter
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	90.08M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$56.47M	USD	1 Quarter
Net income	`NetIncomeLoss`	$56.13M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$19.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$17.43M	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$7.12M	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$8.68M	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$127.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$316.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$7.83M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$7.08M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.15M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.58M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$34.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$225.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.86M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.41M	USD	1 Quarter
Other receivables and current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-29.81M	USD	1 Quarter
Other receivables and current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-17.83M	USD	1 Quarter
Other long-term assets	`IncreaseDecreaseInOtherOperatingAssets`	$92.00K	USD	1 Quarter
Other long-term assets	`IncreaseDecreaseInOtherOperatingAssets`	$238.00K	USD	1 Quarter
Accounts payable, accrued expenses and current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-36.97M	USD	1 Quarter
Accounts payable, accrued expenses and current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-32.26M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$9.63M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$14.60M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$5.39M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$19.73M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-6.14M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-2.49M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$108.58M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$114.12M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$10.48M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$2.69M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$3.62M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-4.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$67.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.17M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.69M	USD	1 Quarter
Principal payments on capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$5.00K	USD	1 Quarter
Principal payments on capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$1.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$125.63M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$42.68M	USD	1 Quarter
Restricted stock withholding taxes paid in lieu of issued shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.75M	USD	1 Quarter
Restricted stock withholding taxes paid in lieu of issued shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.24M	USD	1 Quarter
Contingent consideration payments	`PaymentsOfMergerRelatedCostsFinancingActivities`	$1.05M	USD	1 Quarter
Contingent consideration payments	`PaymentsOfMergerRelatedCostsFinancingActivities`	-	USD	1 Quarter
Proceeds from shares issued for stock-based compensation	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$15.77M	USD	1 Quarter
Proceeds from shares issued for stock-based compensation	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$10.14M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.15M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.58M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-111.52M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-36.20M	USD	1 Quarter
Effect of exchange rate fluctuations on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$9.58M	USD	1 Quarter
Effect of exchange rate fluctuations on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-16.10M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-27.67M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$79.27M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$760.39M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$788.06M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$784.17M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$863.43M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$760.39M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$788.06M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$784.17M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$863.43M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$3.27M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$6.04M	USD	1 Quarter
Interest paid	`InterestPaid`	$435.00K	USD	1 Quarter
Interest paid	`InterestPaid`	$22.00K	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$56.47M	USD	1 Quarter
Net income	`NetIncomeLoss`	$56.13M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$11.07M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-17.63M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$67.54M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$38.50M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.