PTC INC. (PTC) [Rocket]

In millions, except per share items	Sep-30-22	Sep-30-21	Sep-30-20	Sep-30-19	Sep-30-18	Sep-30-17	Sep-30-16	Sep-30-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Calculated under Revenue Guidance in Effect before Topic 606				1,311.5	1,241.8	987.3
Solutions Group						1,060.7		980.3
Software Products				1,088.1	1,088.5	987.3	943.6
Professional Services				167.5	153.3	176.7	196.9	225.7
Other								49.2
Total revenues [+]	1,933.3	1,807.2	1,458.4	1,255.6	1,241.8	1,164.0	1,140.5	1,255.2
License and maintenance							651.8	681.5
Subscription							118.3	65.2
Technology services							196.9	225.7
Revenue growth [+]	7.0%	23.9%	16.1%	1.1%	6.7%	2.1%	-9.1%	-7.5%
Calculated under Revenue Guidance in Effect before Topic 606				5.6%	25.8%
Solutions Group								-8.7%
Software Products				0.0%	10.2%	4.6%
Professional Services				9.3%	-13.2%	-10.3%	-12.8%	-19.0%
Cost of goods sold [+]	411.6	400.9	361.7	349.2	357.9	360.6	325.7	334.7
Cost of technology services							170.2	198.7
Amortization of intangibles	25.6	29.8	27.4	23.8	31.4	32.1	33.2	36.1
Maintenance and operations costs							85.7	82.8
Gross profit	1,521.8	1,406.3	1,096.8	906.4	884.0	803.4	814.9	920.5
Gross margin	78.7%	77.8%	75.2%	72.2%	71.2%	69.0%	71.4%	73.3%
Selling, general and administrative [+]	485.2	517.8	435.5	545.4	557.8	517.7	513.1	505.5
Sales and marketing	485.2	517.8	435.5	417.4	414.8	372.7	367.5	346.8
General and administrative				127.9	143.0	145.0	145.6	158.7
Research and development				246.9	249.8	236.0	229.3	227.5
Other operating expenses	644.0	498.1	529.8				33.2	102.5
EBITDA [+]	480.2	475.6	212.4	192.0	163.8	136.5	125.8	169.5
EBITDA growth	1.0%	124.0%	10.6%	17.2%	20.0%	8.5%	-25.8%	-43.9%
EBITDA margin	24.8%	26.3%	14.6%	15.3%	13.2%	11.7%	11.0%	13.5%
Depreciation	52.7	55.8	52.1	54.0	56.1	28.0	28.8	28.9
EBITA	427.5	419.8	160.3	138.0	107.7	108.4	97.1	140.6
EBITA margin	22.1%	23.2%	11.0%	11.0%	8.7%	9.3%	8.5%	11.2%
Amortization of intangibles	35.0	29.4	28.7	23.8	31.4	58.7	57.8	55.5
EBIT [+]	392.5	390.4	131.5	114.2	76.4	49.7	39.3	85.0
EBIT growth	0.6%	196.8%	15.2%	49.5%	53.7%	26.6%	-53.8%	-62.2%
EBIT margin	20.3%	21.6%	9.0%	9.1%	6.2%	4.3%	3.4%	6.8%
Non-recurring items				51.1	3.8	7.9	76.3	43.4
Interest expense, net [+]				43.0	41.7	42.4	26.4	11.0
Interest expense				43.0	41.7	42.4	29.9	14.7
Interest income							3.4	3.7
Other income (expense), net [+]	4.6	1.4	3.2	0.3	-2.3	-0.8	-3.7	-4.0
Gain (loss) on foreign currency transactions							-1.9	-2.7
Other	4.6	1.4	3.2				-1.8	-1.3
Pre-tax income	397.1	391.8	134.7	20.3	28.7	-1.4	-67.2	26.5
Income taxes	84.0	-85.2	4.0	47.8	-23.3	-7.6	-12.7	-21.0
Tax rate	21.2%		3.0%	235.3%		543.7%	18.9%
Net income	313.1	476.9	130.7	-27.5	52.0	6.2	-54.5	47.6
Net margin	16.2%	26.4%	9.0%	-2.2%	4.2%	0.5%	-4.8%	3.8%

Basic EPS [+]	$2.67	$4.08	$1.13	($0.23)	$0.45	$0.05	($0.48)	$0.41
Growth	-34.6%	261.2%	-584.4%	-152.2%	727.1%	-111.4%	-214.7%	-69.5%
Diluted EPS [+]	$2.65	$4.03	$1.12	($0.23)	$0.44	$0.05	($0.48)	$0.41
Growth	-34.3%	258.4%	-581.9%	-153.0%	727.6%	-111.2%	-215.9%	-69.3%

Shares outstanding (basic) [+]	117.2	116.8	115.7	117.7	116.4	115.5	114.6	114.8
Growth	0.3%	1.0%	-1.8%	1.1%	0.8%	0.8%	-0.1%	-2.8%
Shares outstanding (diluted) [+]	118.2	118.4	116.3	117.7	118.2	117.4	114.6	116.0
Growth	-0.1%	1.8%	-1.2%	-0.4%	0.7%	2.4%	-1.2%	-3.3%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.