Company: PTC
Filing Date: 2025-11-21
Form Type: 10-K
Source: 0001193125-25-291326
Chunk: 37

Company: PTC INC.
Filing Date: 2025-11-21
Form: 10-K
Item: Item 6
Chunk 37
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 charges

     9.1

     3.1

     Impairment and other charges (credits), net

     15.6

     (0.8
     )

     Non-operating charges (credits), net(1)

     (13.1
     )

     2.0

     Income tax adjustments(2)

     (81.8
     )

     (71.2
     )

     Non-GAAP net income
      
     $
     958.8

     $
     613.4

     GAAP diluted earnings per share
      
     $
     6.08

     $
     3.12

     Stock-based compensation

     1.79

     1.85

     Amortization of acquired intangible assets

     0.65

     0.67

     Acquisition and transaction-related charges

     0.08

     0.03

     Impairment and other charges (credits), net

     0.13

     (0.01
     )

     Non-operating charges (credits), net(1)

     (0.11
     )

     0.02

     Income tax adjustments(2)

     (0.68
     )

     (0.59
     )

     Non-GAAP diluted earnings per share
      
     $
     7.94

     $
     5.08

     Cash provided by operating activities
      
     $
     867.7

     $
     750.0

     Capital expenditures

     (11.0
     )

     (14.4
     )

     Free cash flow
      
     $
     856.7

     $
     735.6

    (1)In FY'25, we recognized a $13.1 million gain related to contingent consideration earned upon the achievement of performance milestones associated with the FY'22 sale of a portion of our PLM services business. In FY'24, we recognized an impairment loss of $2.0 million on an available-for-sale debt security.(2)Income tax adjustments reflect the tax effects of non-GAAP adjustments which are calculated by applying the applicable tax rate by jurisdiction to the non-GAAP adjustments listed above. Additionally, in FY'25, adjustments exclude a $10.4 million tax benefit or $0.09 per share for a tax reserve related to prior years in a foreign jurisdiction. In FY