OpenText Reports Third Quarter Fiscal Year 2015 Financial Results

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)



March 31, 2015


June 30, 2014


(unaudited)



ASSETS




Cash and cash equivalents

$

613,177



$

427,890


Short-term investments

19,029




Accounts receivable trade, net of allowance for doubtful accounts of $6,818 as of March 31, 2015 and $4,727 as of June 30, 2014

251,826



292,929


Income taxes recoverable

20,543



24,648


Prepaid expenses and other current assets

53,563



42,053


Deferred tax assets

35,936



28,215


Total current assets

994,074



815,735


Property and equipment

155,129



142,261


Goodwill

2,155,243



1,963,557


Acquired intangible assets

730,673



725,318


Deferred tax assets

149,570



156,712


Other assets

84,223



52,041


Deferred charges

41,043



52,376


Long-term income taxes recoverable

8,587



10,638


Total assets

$

4,318,542



$

3,918,638


LIABILITIES AND SHAREHOLDERS' EQUITY




Current liabilities:




Accounts payable and accrued liabilities

$

212,397



$

231,954


Current portion of long-term debt

15,802



62,582


Deferred revenues

364,728



332,664


Income taxes payable

4,529



31,630


Deferred tax liabilities

2,220



1,053


Total current liabilities

599,676



659,883


Long-term liabilities:




Accrued liabilities

30,802



41,999


Deferred credits

14,089



17,529


Pension liability

64,000



60,300


Long-term debt

1,582,000



1,256,750


Deferred revenues

20,042



17,248


Long-term income taxes payable

163,232



162,131


Deferred tax liabilities

65,659



60,631


Total long-term liabilities

1,939,824



1,616,588


Shareholders' equity:




Share capital




122,207,636 and 121,758,432 Common Shares issued and outstanding at March 31, 2015 and June 30, 2014, respectively; Authorized Common Shares: unlimited

806,532



792,834


Additional paid-in capital

120,246



112,398


Accumulated other comprehensive income

43,720



39,449


Retained earnings

818,666



716,317


Treasury stock, at cost (407,725 shares at March 31, 2015 and 763,278 at June 30, 2014, respectively)

(10,680)



(19,132)


Total OpenText shareholders' equity

1,778,484



1,641,866


Non-controlling interests

558



301


Total shareholders' equity

1,779,042



1,642,167


Total liabilities and shareholders' equity

$

4,318,542



$

3,918,638



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