OpenText Reports Second Quarter Fiscal Year 2015 Financial Results

OTEX-F

For more information, please contact:

United States:

Greg Secord
Vice President, Investor Relations
Open Text Corporation
San Francisco: 415-963-0825
Email Contact

Canada:

Sonya Mehan
Senior Manager, Investor Relations
Open Text Corporation
Waterloo: 519-888-7111 ext. 2446
Email Contact

Copyright ©2015 Open Text Corporation. OpenText is a trademark or registered trademark of Open Text SA and/or Open Text ULC. The list of trademarks is not exhaustive of other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text SA or other respective owners. All rights reserved. For more information, visit: http://www.opentext.com/2/global/site-copyright.html_SKU.

OPEN TEXT CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands of U.S. dollars, except share data)






December 31, 2014


June 30, 2014


(unaudited)




ASSETS






Cash and cash equivalents

$

542,810



$

427,890


Accounts receivable trade, net of allowance for doubtful accounts of $6,211 as of December 31, 2014 and $4,727 as of June 30, 2014

258,230



292,929


Income taxes recoverable

16,374



24,648


Prepaid expenses and other current assets

52,533



42,053


Deferred tax assets

31,375



28,215


Total current assets

901,322



815,735


Property and equipment

153,841



142,261


Goodwill

1,940,304



1,963,557


Acquired intangible assets

637,660



725,318


Deferred tax assets

152,030



156,712


Other assets

57,823



52,041


Deferred charges

44,820



52,376


Long-term income taxes recoverable

8,517



10,638


Total assets

$

3,896,317



$

3,918,638


LIABILITIES AND SHAREHOLDERS' EQUITY






Current liabilities:






Accounts payable and accrued liabilities

$

193,510



$

231,954


Current portion of long-term debt

65,289



62,582


Deferred revenues

292,162



332,664


Income taxes payable

11,729



31,630


Deferred tax liabilities

834



1,053


Total current liabilities

563,524



659,883


Long-term liabilities:






Accrued liabilities

33,098



41,999


Deferred credits

15,236



17,529


Pension liability

65,346



60,300


Long-term debt

1,226,500



1,256,750


Deferred revenues

18,022



17,248


Long-term income taxes payable

161,036



162,131


Deferred tax liabilities

54,177



60,631


Total long-term liabilities

1,573,415



1,616,588


Shareholders' equity:






Share capital






122,078,994 and 121,758,432 Common Shares issued and outstanding at December 31, 2014 and June 30, 2014, respectively; Authorized Common Shares: unlimited

801,810



792,834


Additional paid-in capital

114,951



112,398


Accumulated other comprehensive income

39,632



39,449


Retained earnings

813,131



716,317


Treasury stock, at cost (407,725 shares at December 31, 2014 and 763,278 at June 30, 2014, respectively)

(10,680)



(19,132)


Total OpenText shareholders' equity

1,758,844



1,641,866


Non-controlling interests

534



301


Total shareholders' equity

1,759,378



1,642,167


Total liabilities and shareholders' equity

$

3,896,317



$

3,918,638



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