The Company currently expects the following for the fiscal year ending December 31, 2020:
|(in millions, except per share data)||GAAP||Non-GAAP|
|Revenue||$1,558.7 - $1,633.7||$1,570.0 - $1,645.0|
|Diluted earnings per share||$4.01 - $4.70||$5.75 - $6.35|
In the third quarter and fiscal year 2020 guidance reflected above, the expected impacts of non-GAAP adjustments associated with the acquisition accounting for deferred revenue are $2.1 million and $11.3 million, respectively.
|ACV||$1,520.0 - $1,585.0|
|Operating cash flows||$435.0 - $475.0|
Conference Call Information
Ansys will hold a conference call at 8:30 a.m. Eastern Time on August 6, 2020 to discuss second quarter results. The Company will provide its prepared remarks on the Company’s investor relations homepage and as an exhibit in its Form 8-K in advance of the call to provide stockholders and analysts with additional time and detail for analyzing its results in preparation for the conference call. The prepared remarks will not be read on the call, and only brief remarks will be made prior to the Q&A session. The Company will also post a complementary investor presentation titled "Q2 2020 Investor Presentation" that can be accessed by clicking Events & Presentations, then Presentations at https://investors.ansys.com.
To participate in the live conference call, dial 855-239-2942 (US) or 412-542-4124 (Canada & Int’l). The call will be recorded and a replay will be available within two hours after the call. The replay will be available by dialing (877) 344-7529 (US), (855) 669-9658 (Canada) or (412) 317-0088 (Int’l) and entering the passcode 10146121. The archived webcast can be accessed, along with other financial information, on Ansys' website at https://investors.ansys.com/events-and-presentations/events-calendar.
|ANSYS, INC. AND SUBSIDIARIES|
|Condensed Consolidated Balance Sheets|
|(in thousands)||June 30, 2020||December 31, 2019|
|Cash & short-term investments||$||744,979||$||872,382|
|Accounts receivable, net||343,247||433,479|
|Other intangibles, net||481,694||476,711|
|LIABILITIES & STOCKHOLDERS' EQUITY:|
|Current deferred revenue||$||325,098||$||351,353|
|Total liabilities & stockholders' equity||$||4,671,866||$||4,838,887|