ANSYS Reports Q3 2016 Financial Results Reflecting Solid Performance


 
ANSYS, INC. AND SUBSIDIARIES
Reconciliation of Non-GAAP Measures
(Unaudited)
 
  Three Months Ended
  September 30, 2016  September 30, 2015
(in thousands, except percentages and per share data)   As
Reported
  Adjustments  Non-GAAP
Results
  As
Reported
  Adjustments  Non-GAAP
Results
Total revenue$245,862  $  $245,862  $237,840  $379 (3) $238,219 
Operating income100,099  21,885 (1) 121,984  90,183  24,257 (4) 114,440 
Operating profit margin40.7%   49.6% 37.9%   48.0%
Net income$69,557  $14,638 (2) $84,195  $66,033  $15,978 (5) $82,011 
Earnings per share – diluted:           
Earnings per share$0.78    $0.95  $0.72    $0.90 
Weighted average shares88,676    88,676  91,593    91,593 

(1) Amount represents $12.7 million of amortization expense associated with intangible assets acquired in business combinations, $9.0 million of stock-based compensation expense and $0.2 million of transaction expenses related to business combinations.

(2) Amount represents the impact of the adjustments to operating income referred to in (1) above, adjusted for the related income tax impact of $7.2 million.

(3) Amount represents the revenue not reported during the period as a result of the acquisition accounting adjustment associated with the accounting for deferred revenue in business combinations.

(4) Amount represents $14.7 million of amortization expense associated with intangible assets acquired in business combinations, $8.9 million of stock-based compensation expense, the $0.4 million adjustment to revenue as reflected in (3) above and $0.3 million of transaction expenses related to business combinations.

(5) Amount represents the impact of the adjustments to operating income referred to in (4) above, adjusted for the related income tax impact of $8.3 million.

 
ANSYS, INC. AND SUBSIDIARIES
Reconciliation of Non-GAAP Measures
(Unaudited)
 
  Nine Months Ended
  September 30, 2016  September 30, 2015
(in thousands, except percentages and per share data)   As
Reported
  Adjustments  Non-GAAP
Results
  As
Reported
  Adjustments   Non-GAAP
Results
Total revenue $ 717,837     $ 103   (1 )   $ 717,940     $ 691,106     $ 1,365   (4 )   $ 692,471  
Operating income 279,276     62,990   (2 )   342,266     256,736     71,885   (5 )   328,621  
Operating profit margin 38.9 %       47.7 %   37.1 %       47.5 %
Net income $ 195,653     $ 41,145   (3 )   $ 236,798     $ 184,500     $ 46,458   (6 )   $ 230,958  
Earnings per share – diluted:                      
Earnings per share $ 2.19         $ 2.65     $ 2.01         $ 2.52  
Weighted average shares 89,355         89,355     91,820         91,820  

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