Company: PTC
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015530
Chunk: 33

Company: PTC INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 8
Chunk 33
---
810

        Israeli Shekel / U.S. Dollar

        12,327

        12,535

        Japanese Yen / U.S. Dollar

        26,320

        42,340

        Swiss Franc / U.S. Dollar

        25,714

        74,939

        Swedish Krona / U.S. Dollar

        16,924

        48,596

        Chinese Renminbi / U.S. Dollar

        4,522

        32,124

        New Taiwan Dollar / U.S. Dollar

        14,221

        16,368

        All other

        15,858

        25,368

        Total
         
        $
        837,665

        $
        1,058,478

11

The following table shows the effect of our non-designated hedges on the Consolidated Statements of Operations for the three months ended December 31, 2024 and December 31, 2023:

         (in thousands)

        Three months ended

        Location of Gain (Loss)
         
        December 31,2024

        December 31,2023

        Net realized and unrealized gain (loss), excluding the underlying foreign currency exposure being hedged
         
        Other income (expense), net
         
        $
        558

        $
        (3,735
        )
       
      In the three months ended December 31, 2024, total foreign currency losses, net were $1.2 million. In the three months ended December 31, 2023, total foreign currency gains, net were $1.0 million.Net Investment HedgesWe translate balance sheet accounts of subsidiaries with foreign functional currencies into the U.S. Dollar using the exchange rate at each balance sheet date. Resulting translation adjustments are reported as a component of Accumulated other comprehensive loss on the Consolidated Balance Sheets. We designate certain foreign exchange forward contracts as net investment hedges against exposure on translation of balance sheet accounts of Euro and Japanese Yen functional subsidiaries. Net investment hedges partially offset the impact of Foreign currency translation adjustment recorded in Accumulated other comprehensive loss on the Consolidated Balance Sheets. All foreign exchange forward contracts are carried at fair value on the Consolidated Balance Sheets and the maximum duration of net investment hedge foreign exchange forward contracts is approximately three months.Net investment hedge relationships are designated at inception, and effectiveness is assessed retrospectively on a quarterly basis