| ANSYS, INC. AND SUBSIDIARIES | |||||||||||||||
| Condensed Consolidated Statements of Income | |||||||||||||||
| (Unaudited) | |||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||
| (in thousands, except per share data) |
June 30,
2023 |
June 30,
2022 |
June 30,
2023 |
June 30,
2022 | |||||||||||
| Revenue: | |||||||||||||||
| Software licenses | $ | 204,897 | $ | 208,981 | $ | 424,049 | $ | 366,426 | |||||||
| Maintenance and service | 291,702 | 264,869 | 581,997 | 532,501 | |||||||||||
| Total revenue | 496,599 | 473,850 | 1,006,046 | 898,927 | |||||||||||
| Cost of sales: | |||||||||||||||
| Software licenses | 8,659 | 8,509 | 20,403 | 16,945 | |||||||||||
| Amortization | 20,079 | 17,414 | 39,697 | 34,666 | |||||||||||
| Maintenance and service | 39,602 | 36,564 | 75,892 | 75,636 | |||||||||||
| Total cost of sales | 68,340 | 62,487 | 135,992 | 127,247 | |||||||||||
| Gross profit | 428,259 | 411,363 | 870,054 | 771,680 | |||||||||||
| Operating expenses: | |||||||||||||||
| Selling, general and administrative | 202,142 | 170,383 | 390,726 | 340,138 | |||||||||||
| Research and development | 125,023 | 108,941 | 245,358 | 214,215 | |||||||||||
| Amortization | 5,470 | 4,029 | 10,651 | 8,154 | |||||||||||
| Total operating expenses | 332,635 | 283,353 | 646,735 | 562,507 | |||||||||||
| Operating income | 95,624 | 128,010 | 223,319 | 209,173 | |||||||||||
| Interest income | 3,402 | 269 | 7,480 | 796 | |||||||||||
| Interest expense | (11,560 | ) | (4,609 | ) | (22,318 | ) | (7,576 | ) | |||||||
| Other expense, net | (3,483 | ) | (776 | ) | (3,660 | ) | (1,470 | ) | |||||||
| Income before income tax provision | 83,983 | 122,894 | 204,821 | 200,923 | |||||||||||
| Income tax provision | 14,457 | 24,094 | 34,673 | 31,135 | |||||||||||
| Net income | $ | 69,526 | $ | 98,800 | $ | 170,148 | $ | 169,788 | |||||||
| Earnings per share – basic: | |||||||||||||||
| Earnings per share | $ | 0.80 | $ | 1.14 | $ | 1.96 | $ | 1.95 | |||||||
| Weighted average shares | 86,696 | 87,001 | 86,813 | 87,062 | |||||||||||
| Earnings per share – diluted: | |||||||||||||||
| Earnings per share | $ | 0.80 | $ | 1.13 | $ | 1.95 | $ | 1.94 | |||||||
| Weighted average shares | 87,192 | 87,321 | 87,312 | 87,535 | |||||||||||
