Company: PTC
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015530
Chunk: 65

Company: PTC INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 65
---
:

    Hedge gain (loss) arising during the period, net of tax of $(8.2) million and $3.8 million in the first quarter of 2025 and 2024, respectively

    25,240

    (11,511
    )

    Foreign currency translation adjustment, net of tax of $0 for each period

    (63,997
    )

    34,674

    Change in pension benefit, net of tax of $(0.1) million and $0.0 million in the first quarter of 2025 and 2024, respectively

    844

    (222
    )

    Other comprehensive income (loss)

    (37,913
    )

    22,941

    Comprehensive income
     
    $
    44,319

    $
    89,328

The accompanying notes are an integral part of the condensed consolidated financial statements.

3

PTC Inc.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

    Three months ended

    December 31, 2024

    December 31, 2023

    Cash flows from operating activities:

    Net income
     
    $
    82,232

    $
    66,387

    Adjustments to reconcile net income to net cash provided by operating activities:

    Depreciation and amortization

    25,823

    27,222

    Amortization of right-of-use lease assets

    7,928

    7,724

    Stock-based compensation

    55,851

    59,013

    Other non-cash items, net

    (999
    )

    (1,086
    )

    Changes in operating assets and liabilities, excluding the effects of acquisitions:

    Accounts receivable

    131,353

    153,950

    Accounts payable and accrued expenses

    (13,192
    )

    (51,204
    )

    Accrued compensation and benefits

    (2,144
    )

    (13,483
    )

    Deferred revenue

    (27,810
    )

    (29,094
    )

    Accrued income taxes

    (13,528
    )

    13,467

    Other current assets and prepaid expenses

    (18,766
    )

    (19,338
    )