Company name:

Altair Engineering Inc

  • IPO SHARE PRICE:
    $13.00
  • IPO DATE:
    November 01, 2017
  • TICKER:
    ALTR
  • MAIN STOCK EXCHANGE:
    NASDAQ Global Select
  • CURRENT HQ LOCATION:
    1820 East Big Beaver Road Troy Michigan 48083
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Altair Engineering Inc

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Statement of Cash Flow

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
32.4% - Depreciation and amortization
29.1% - Stock-based compensation
14.8% - Amortization of debt original issue discount and issuance cost
11.3% - Deferred revenue
7.9% - Other accrued and liabilities
2.7% - Accrued compensation and employee benefits
1.7% - Provision for credit losses
0.2% - Other
SOURCEs
32.4% 11.3% 7.9% 14.8% 29.1%
100 %
0%
USES
44.8% 14.1% 15.0% 6.2% 14.3%
15.0% - Accounts receivable
14.3% - Net income (loss)
14.1% - Deferred income taxes
6.2% - Other assets
2.9% - Prepaid expenses and other assets
2.5% - Accounts payable
0.2% - Operating lease right-of-use assets
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
 $15,535 ($7,542) ($10,500) ($10,500) $8,792
Depreciation and amortization
$45,679
$45,679
$45,679
 14,734 21,522 23,806 23,806 27,560
Amortization of debt original issue discount and issuance cost Amortization of debt original issue discount and issuance cost
-
-
$45,679
 23 5,663 10,829 10,829 11,048
Stock-based compensation
$45,679
$45,679
$45,679
 3,339 8,528 21,355 21,355 29,664
Provision for (recovery of) bad debt expense
$45,679
$45,679
$45,679
 394 671 - - -
Provision for credit losses
-
-
-
 394 671 1,259 1,259 1,316
Deferred income taxes
$45,679
$45,679
$45,679
 (1,057) (950) (10,350) (10,350) (19,636)
Inventory write-downs
$45,679
-
-
 - - - - -
Impairment of intangible assets
-
$45,679
$45,679
 608 - - - -
Loss (gain) on sale of assets held for sale
-
$45,679
$45,679
 (4,503) 6 - - -
Accounts receivable
$45,679
$45,679
$45,679
 (1,394) (7,901) (11,032) (11,032) (108,980)
Operating lease right-of-use assets
-
-
$45,679
 - 102 (142) (142) (464)
Prepaid expenses and other assets
$45,679
$45,679
$45,679
 204 (2,396) (2,131) (2,131) (4,304)
Other assets
$45,679
$45,679
$45,679
 (1,660) (2,591) (4,527) (4,527) (21,576)
Accounts payable
$45,679
$45,679
$45,679
 1,647 (426) (1,839) (1,839) 5,928
Accrued compensation and employee benefits
$45,679
$45,679
$45,679
 5,678 (1,232) 1,985 1,985 2,844
Other accrued and liabilities
$45,679
$45,679
$45,679
 (6,667) 513 5,771 5,771 46,472
Deferred revenue
$45,679
$45,679
$45,679
 9,555 17,426 8,280 8,280 42,928
Other
$45,679
$45,679
$45,679
 (206) - 118 118 420
Net cash provided by (used in) operating activities
$45,679
$45,679
$45,679
 $36,230 $31,393 $32,882 $32,882 $22,012
Selected Year:
31-Dec
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
0.3% - Other investing activities
SOURCEs
99.7%
100 %
0%
USES
0.0% 12.4% 83.3% 4.3%
83.3% - Acquisition of business net of cash
12.4% - Capital expenditures
4.3% - Acquisition of developed technology
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Capital expenditures
$45,679
$45,679
$45,679
 (6,659) (9,660) (6,093) (6,093) (8,348)
Sale of assets
-
$45,679
$45,679
 6,614 - - - -
Acquisition of business net of cash
$45,679
$45,679
$45,679
 (203,438) (25,720) (41,028) (41,028) (34,996)
Acquisition of developed technology
$45,679
$45,679
$45,679
 (2,727) (473) (2,133) (2,133) (6,800)
Other investing activities
$45,679
$45,679
$45,679
 - 14 162 162 40
Net cash provided by (used in) investing activities
$45,679
$45,679
$45,679
 ($206,210) ($35,839) ($49,092) ($49,092) ($50,104)
Selected Year:
31-Dec
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
94.6% - Borrowing under Revolving Credit Facility
5.4% - Proceeds from issuance of common stock upon exercise of stock options
SOURCEs
94.6% 5.4%
100 %
0%
USES
98.5%
1.5% - Other financing activities
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Initial Public Offering (IPO) - Class A common stock
$45,679
-
$45,679
 - - - - -
Secondary (Follow-on) Public Offering - Class A common stock Secondary (Follow-on) Public Offering - Class A common stock
-
$45,679
-
 135,572 - - - -
Issuance of common stock
$45,679
$45,679
$45,679
 2,077 1,510 - - -
Proceeds from issuance of common stock upon exercise of stock options Proceeds from issuance of common stock upon exercise of stock options
-
-
-
 2,077 1,510 1,710 1,710 2,464
Initial public offering costs
$45,679
-
-
 - - - - -
Initial and follow-on public offering costs
-
$45,679
$45,679
 (556) - - - -
Borrowing under Revolving Credit Facility
$45,679
$45,679
$45,679
 37,041 96,992 30,000 30,000 -
Repayment of Revolving Credit Facility
$45,679
$45,679
$45,679
 (6,091) (127,941) - - -
Issuance of senior convertible notes
-
-
$45,679
 - 223,101 - - -
Repayment of long-term borrowing
$45,679
$45,679
$45,679
 (126) - - - -
Borrowing
$45,679
$45,679
$45,679
 - - - - -
Senior convertible notes issuance costs
-
-
$45,679
 - (1,233) - - -
Payment for return of capital
-
$45,679
-
 - - - - -
Redemption of common stock
$45,679
$45,679
$45,679
 (119) - - - -
Other financing activities
$45,679
$45,679
$45,679
 (268) (513) (460) (460) (236)
Net cash provided by (used in) financing activities
$45,679
$45,679
$45,679
 $167,530 $191,916 $31,250 $31,250 $2,228
Selected Year:
31-Dec
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
$18,050,000
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cash and equivalents - Beginning of period
$45,679
$45,679
$45,679
 $39,578 $35,685 $223,497 - $982,716
Effect of changes in foreign exchange rates on cash
$45,679
$45,679
$45,679
 (1,443) 342 3,010 - 9,336
(Decrease) increase in cash and cash equivalents
$45,679
$45,679
$45,679
 (3,893) 187,812 18,050 - (16,528)
Cash and equivalents - End of period
$45,679
$45,679
$45,679
 $35,685 $223,497 $241,547 - $966,188