10-Q Filing

ANSYS INC CIK: 1013462 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001013462-19-000008`
Period End Date	20190331
Filing Date	20190502
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	anss2019033110q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 89 Income Statement 36 Cash Flow Statement 60 Stockholders Equity 19 Comprehensive Income 6

Balance Sheet 89 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.00M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.60M	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`	$607.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$777.14M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$885.49M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$237.00K	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$225.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $8,600 and $8,000, respectively	`AccountsReceivableNetCurrent`	$268.53M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $8,600 and $8,000, respectively	`AccountsReceivableNetCurrent`	$317.70M	USD	Point-in-time
Other receivables and current assets	`OtherAssetsCurrent`	$216.11M	USD	Point-in-time
Other receivables and current assets	`OtherAssetsCurrent`	$186.66M	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
Total current assets	`AssetsCurrent`	$1.31B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.06B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	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
Treasury stock, shares	`TreasuryStockShares`	9.36M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	9.60M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$61.66M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$63.30M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$99.99M	USD	Point-in-time
Goodwill	`Goodwill`	$1.38B	USD	Point-in-time
Goodwill	`Goodwill`	$1.57B	USD	Point-in-time
Goodwill	`Goodwill`	$1.38B	USD	Point-in-time
Goodwill	`Goodwill`	$180.23M	USD	Point-in-time
Goodwill	`Goodwill`	$1.75B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$278.33M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$211.27M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$97.70M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$82.78M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$26.63M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$21.91M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$2.31B	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$1.95B	USD	Point-in-time
Total assets	`Assets`	$3.27B	USD	Point-in-time
Total assets	`Assets`	$3.37B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.95M	USD	Point-in-time
Accrued bonuses and commissions	`AccruedBonusesCurrent`	$79.94M	USD	Point-in-time
Accrued bonuses and commissions	`AccruedBonusesCurrent`	$20.51M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$8.73M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$15.69M	USD	Point-in-time
Other accrued expenses and liabilities	`OtherAccruedLiabilitiesCurrent`	$99.56M	USD	Point-in-time
Other accrued expenses and liabilities	`OtherAccruedLiabilitiesCurrent`	$124.82M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$330.89M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$328.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$524.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$503.41M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$38.37M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$30.08M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$87.26M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$58.84M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$61.57M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$184.47M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$91.65M	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`	$825.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$867.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.01B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.92B	USD	Point-in-time
Treasury stock, at cost: 9,357,968 and 9,601,670 shares, respectively	`TreasuryStockValue`	$1.08B	USD	Point-in-time
Treasury stock, at cost: 9,357,968 and 9,601,670 shares, respectively	`TreasuryStockValue`	$1.08B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-69.94M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-62.38M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.68B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.65B	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`	$3.37B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.27B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`Revenues`	$317.13M	USD	1 Quarter
Total revenue	`Revenues`	$282.87M	USD	1 Quarter
Amortization	`CostOfGoodsAndServicesSoldAmortization`	$8.79M	USD	1 Quarter
Amortization	`CostOfGoodsAndServicesSoldAmortization`	$4.55M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$39.04M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$34.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$243.84M	USD	1 Quarter
Gross profit	`GrossProfit`	$282.31M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$112.17M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$87.81M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$70.74M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$57.53M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$3.44M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$3.76M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$186.67M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$148.77M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$95.06M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$95.65M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.29M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$3.44M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-308.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-425.00K	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$98.67M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$97.04M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$12.44M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$12.76M	USD	1 Quarter
Net income	`NetIncomeLoss`	$84.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$86.23M	USD	1 Quarter
Earnings per share	`EarningsPerShareBasic`	$1.03	USD	1 Quarter
Earnings per share	`EarningsPerShareBasic`	$1.00	USD	1 Quarter
Weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	83.76M	shares	1 Quarter
Weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	83.93M	shares	1 Quarter
Earnings per share	`EarningsPerShareDiluted`	$0.98	USD	1 Quarter
Earnings per share	`EarningsPerShareDiluted`	$1.01	USD	1 Quarter
Weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	85.49M	shares	1 Quarter
Weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.15M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$84.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$86.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$16.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$17.90M	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-1.39M	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-3.25M	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$390.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$64.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$15.27M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$23.80M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-272.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.09M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-43.98M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-22.51M	USD	1 Quarter
Other receivables and current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-28.36M	USD	1 Quarter
Other receivables and current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.17M	USD	1 Quarter
Other long-term assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.52M	USD	1 Quarter
Other long-term assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.19M	USD	1 Quarter
Accounts payable, accrued expenses and current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-40.01M	USD	1 Quarter
Accounts payable, accrued expenses and current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-54.05M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.81M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$6.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$31.70M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$2.23M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-460.00K	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`	$151.58M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$244.32M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$6.90M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$2.93M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$460.00K	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`	$-251.68M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$117.83M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$44.86M	USD	1 Quarter
Restricted stock withholding taxes paid in lieu of issued shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$24.33M	USD	1 Quarter
Restricted stock withholding taxes paid in lieu of issued shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$32.99M	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`	$10.38M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.62M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-69.09M	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`	$-552.00K	USD	1 Quarter
Effect of exchange rate fluctuations on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$8.21M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-169.75M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.99M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$607.39M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$777.14M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$881.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$885.49M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$607.39M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$777.14M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$881.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$885.49M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$4.83M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$3.40M	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$2.68B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.65B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.25B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.41B	USD	Point-in-time
Cumulative effect of the ASC 606 adoption	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$183.13M	USD	Point-in-time
Treasury shares acquired	`TreasuryStockSharesAcquired`	250,000.00	shares	1 Quarter
Treasury shares acquired	`TreasuryStockSharesAcquired`	750,000.00	shares	1 Quarter
Treasury shares acquired, amount	`TreasuryStockValueAcquiredCostMethod`	$117.83M	USD	1 Quarter
Treasury shares acquired, amount	`TreasuryStockValueAcquiredCostMethod`	$44.86M	USD	1 Quarter
Stock-based compensation activity	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.02M	USD	1 Quarter
Stock-based compensation activity	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.71M	USD	1 Quarter
Other comprehensive (loss)/income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-7.56M	USD	1 Quarter
Other comprehensive (loss)/income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$8.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$84.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$86.23M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$2.68B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.65B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.25B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.41B	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$84.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$86.23M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$8.24M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-7.56M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$78.67M	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.