10-Q Filing

ANSYS INC CIK: 1013462 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001013462-18-000007`
Period End Date	20180331
Filing Date	20180503
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	anss-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 44 Cash Flow Statement 58 Comprehensive Income 6

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.80M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.80M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$885.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$866.19M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$822.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$881.50M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$4.28M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$286.00K	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 $6,800	`AccountsReceivableNetCurrent`	$124.66M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $6,800	`AccountsReceivableNetCurrent`	$256.56M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other receivables and current assets	`OtherAssetsCurrent`	$263.82M	USD	Point-in-time
Other receivables and current assets	`OtherAssetsCurrent`	$181.00M	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
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`	$1.27B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.33B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$55.81M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$57.10M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	93.24M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	93.24M	shares	Point-in-time
Goodwill	`Goodwill`	$1.34B	USD	Point-in-time
Goodwill	`Goodwill`	$1.34B	USD	Point-in-time
Goodwill	`Goodwill`	$1.38B	USD	Point-in-time
Goodwill	`Goodwill`	$1.38B	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	9.04M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	9.30M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$146.40M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$157.62M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$34.73M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$35.97M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$15.45M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$42.11M	USD	Point-in-time
Total assets	`Assets`	$2.94B	USD	Point-in-time
Total assets	`Assets`	$2.96B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.26M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.04M	USD	Point-in-time
Accrued bonuses and commissions	`AccruedBonusesCurrent`	$69.92M	USD	Point-in-time
Accrued bonuses and commissions	`AccruedBonusesCurrent`	$23.19M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$5.76M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$4.87M	USD	Point-in-time
Other accrued expenses and liabilities	`OtherAccruedLiabilitiesCurrent`	$95.05M	USD	Point-in-time
Other accrued expenses and liabilities	`OtherAccruedLiabilitiesCurrent`	$86.33M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$440.49M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$311.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$608.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$442.09M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilities`	$28.85M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilities`	$1.46M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$85.78M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$80.86M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$87.24M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$109.71M	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`	$873.36M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$833.41M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.58B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.32B	USD	Point-in-time
Treasury stock, at cost: 9,301,725 and 9,044,498 shares, respectively	`TreasuryStockValue`	$907.53M	USD	Point-in-time
Treasury stock, at cost: 9,301,725 and 9,044,498 shares, respectively	`TreasuryStockValue`	$981.71M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-29.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-37.84M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.25B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.41B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.94B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.96B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Software licenses	`LicensesRevenue`	$110.05M	USD	1 Quarter
Software licenses	`LicensesRevenue`	$141.91M	USD	1 Quarter
Maintenance and service	`MaintenanceRevenue`	$172.83M	USD	1 Quarter
Maintenance and service	`MaintenanceRevenue`	$111.50M	USD	1 Quarter
Total revenue	`Revenues`	$253.41M	USD	1 Quarter
Total revenue	`Revenues`	$282.87M	USD	1 Quarter
Software licenses	`LicenseCosts`	$3.91M	USD	1 Quarter
Software licenses	`LicenseCosts`	$9.28M	USD	1 Quarter
Amortization	`CostOfGoodsSoldAmortization`	$8.94M	USD	1 Quarter
Amortization	`CostOfGoodsSoldAmortization`	$8.79M	USD	1 Quarter
Maintenance and service	`MaintenanceCosts`	$18.82M	USD	1 Quarter
Maintenance and service	`MaintenanceCosts`	$26.34M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$39.04M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$37.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$243.84M	USD	1 Quarter
Gross profit	`GrossProfit`	$216.37M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$87.81M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$73.42M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$54.38M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$57.53M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$3.11M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$3.44M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$148.77M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$130.90M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$95.06M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$85.47M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.25M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.29M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-1.15M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-308.00K	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$85.57M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$97.04M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$22.26M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$12.76M	USD	1 Quarter
Net income	`NetIncomeLoss`	$84.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$63.31M	USD	1 Quarter
Earnings per share	`EarningsPerShareBasic`	$0.74	USD	1 Quarter
Earnings per share	`EarningsPerShareBasic`	$1.00	USD	1 Quarter
Weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	83.93M	shares	1 Quarter
Weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	85.46M	shares	1 Quarter
Earnings per share	`EarningsPerShareDiluted`	$0.98	USD	1 Quarter
Earnings per share	`EarningsPerShareDiluted`	$0.73	USD	1 Quarter
Weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	87.22M	shares	1 Quarter
Weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.15M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$84.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$63.31M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$16.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$16.59M	USD	1 Quarter
Deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$-3.25M	USD	1 Quarter
Deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$9.29M	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$64.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$1.04M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$15.27M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$10.51M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-272.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$363.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-22.51M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-15.06M	USD	1 Quarter
Other receivables and current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.17M	USD	1 Quarter
Other receivables and current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-18.20M	USD	1 Quarter
Other long-term assets	`IncreaseDecreaseInOtherOperatingAssets`	$-6.05M	USD	1 Quarter
Other long-term assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.19M	USD	1 Quarter
Accounts payable, accrued expenses and current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-23.34M	USD	1 Quarter
Accounts payable, accrued expenses and current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-40.01M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.81M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.30M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$31.70M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$7.18M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.06M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-583.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$132.42M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$125.89M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$5.86M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$4.06M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$2.93M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$964.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$4.30M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.24M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.88M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$117.83M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$100.35M	USD	1 Quarter
Restricted stock withholding taxes paid in lieu of issued shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.48M	USD	1 Quarter
Restricted stock withholding taxes paid in lieu of issued shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$24.33M	USD	1 Quarter
Proceeds from shares issued for stock-based compensation	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$12.76M	USD	1 Quarter
Proceeds from shares issued for stock-based compensation	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$30.50M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-78.33M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-129.41M	USD	1 Quarter
Effect of exchange rate fluctuations on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$7.04M	USD	1 Quarter
Effect of exchange rate fluctuations on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$8.21M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.99M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$43.71M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$885.49M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$866.19M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$822.48M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$881.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$885.49M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$866.19M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$822.48M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$881.50M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$3.40M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$2.38M	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$84.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$63.31M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$7.57M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$8.24M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$70.88M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$92.52M	USD	1 Quarter

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