ANSYS will hold a conference call at 8:30 a.m. Eastern Time on November 7, 2019 to discuss third 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 "3Q 2019 Investor Presentation" that can be accessed by clicking News & Events, then Presentations on our website 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 10135834. The archived webcast can be accessed, along with other financial information, on ANSYS' website at https://investors.ansys.com/news-and-events/events-calendar.
|ANSYS, INC. AND SUBSIDIARIES|
|Condensed Consolidated Balance Sheets|
|(in thousands)||September 30, 2019||December 31, 2018|
|Cash & short-term investments||$||732,902||$||777,364|
|Accounts receivable, net||295,590||317,700|
|Other intangibles, net||267,378||211,272|
|LIABILITIES & STOCKHOLDERS' EQUITY:|
|Current deferred revenue||$||291,385||$||328,584|
|Total liabilities & stockholders' equity||$||3,582,012||$||3,265,964|
(1)Effective January 1, 2019, the Company adopted the new leasing standard, which requires virtually all leases to be recorded on the balance sheet. Results for reporting periods beginning after January 1, 2019 are presented under the new guidance, while prior period amounts are not adjusted and continue to be reported in accordance with previous guidance. The adoption of the new standard resulted in the recognition of approximately $90 million of lease assets, and corresponding lease liabilities, on the Company's condensed consolidated balance sheet as of January 1, 2019.