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ANSYS, Inc. – ‘10-K’ for 12/31/23 – ‘EX-31.1’

On:  Wednesday, 2/21/24, at 4:34pm ET   ·   For:  12/31/23   ·   Accession #:  1013462-24-7   ·   File #:  0-20853

Previous ‘10-K’:  ‘10-K’ on 2/22/23 for 12/31/22   ·   Latest ‘10-K’:  This Filing   ·   25 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/21/24  ANSYS, Inc.                       10-K       12/31/23  115:11M

Annual Report   —   Form 10-K   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.14M 
 2: EX-4.1      Description of Securities                           HTML     48K 
 3: EX-10.15    Amended and Restated Employment Agreement Between   HTML    134K 
                Ansys, Inc. and Ajei S. Gopal                                    
 4: EX-10.26    Ansys, Inc. Tier Two Executive Severance Plan       HTML     69K 
 5: EX-10.27    Transition Agreement Between Ansys, Inc. and        HTML    188K 
                Nicole Anasenes                                                  
 6: EX-21.1     Subsidiaries of the Registrant                      HTML     42K 
 7: EX-23.1     Consent of Deloitte & Touche LLP                    HTML     29K 
12: EX-97.1     Policy Relating to Recovery of Erroneously Awarded  HTML     48K 
                Compensation                                                     
 8: EX-31.1     Section 302 CEO Certification                       HTML     34K 
 9: EX-31.2     Section 302 CFO Certification                       HTML     34K 
10: EX-32.1     Section 906 CEO Certification                       HTML     31K 
11: EX-32.2     Section 906 CFO Certification                       HTML     31K 
18: R1          Cover Page                                          HTML     95K 
19: R2          Audit Information                                   HTML     35K 
20: R3          Consolidated Balance Sheets                         HTML    152K 
21: R4          Consolidated Balance Sheets (Parenthetical)         HTML     52K 
22: R5          Consolidated Statements of Income                   HTML    125K 
23: R6          Consolidated Statements of Comprehensive Income     HTML     51K 
24: R7          Consolidated Statements of Cash Flows               HTML    125K 
25: R8          Consolidated Statements of Stockholders' Equity     HTML     87K 
26: R9          Organization                                        HTML     35K 
27: R10         Accounting Policies                                 HTML    114K 
28: R11         Revenue from Contracts with Customers               HTML     70K 
29: R12         Acquisitions                                        HTML     78K 
30: R13         Other Receivables and Current Assets and Other      HTML     44K 
                Accrued Expenses and Liabilities                                 
31: R14         Property and Equipment                              HTML     49K 
32: R15         Goodwill and Intangible Assets                      HTML     65K 
33: R16         Fair Value Measurement                              HTML     72K 
34: R17         Leases                                              HTML     61K 
35: R18         Debt                                                HTML     41K 
36: R19         Income Taxes                                        HTML    129K 
37: R20         Pension and Profit-Sharing Plans                    HTML     37K 
38: R21         Non-Compete and Employment Agreements               HTML     36K 
39: R22         Stock-Based Compensation                            HTML    157K 
40: R23         Stock Repurchase Program                            HTML     40K 
41: R24         Royalty Agreements                                  HTML     32K 
42: R25         Geographic Information                              HTML     59K 
43: R26         Unconditional Purchase Obligations                  HTML     37K 
44: R27         Contingencies and Commitments                       HTML     35K 
45: R28         Subsequent Event                                    HTML     37K 
46: R29         Pay vs Performance Disclosure                       HTML     42K 
47: R30         Insider Trading Arrangements                        HTML     33K 
48: R31         Accounting Policies (Policies)                      HTML    173K 
49: R32         Accounting Policies (Tables)                        HTML     87K 
50: R33         Revenue from Contracts with Customers (Tables)      HTML     69K 
51: R34         Acquisitions (Tables)                               HTML     74K 
52: R35         Other Receivables and Current Assets and Other      HTML     44K 
                Accrued Expenses and Liabilities (Tables)                        
53: R36         Property and Equipment (Tables)                     HTML     48K 
54: R37         Goodwill and Intangible Assets (Tables)             HTML     90K 
55: R38         Fair Value Measurement (Tables)                     HTML     68K 
56: R39         Leases (Tables)                                     HTML     64K 
57: R40         Income Taxes (Tables)                               HTML    131K 
58: R41         Stock-Based Compensation (Tables)                   HTML    169K 
59: R42         Stock Repurchase Program (Tables)                   HTML     40K 
60: R43         Geographic Information (Tables)                     HTML     61K 
61: R44         Unconditional Purchase Obligations (Tables)         HTML     37K 
62: R45         Organization - Additional Information (Detail)      HTML     37K 
63: R46         Accounting Policies - Additional Information        HTML     57K 
                (Details)                                                        
64: R47         Accounting Policies - Summary of Cash and Cash      HTML     48K 
                Equivalents (Details)                                            
65: R48         Accounting Policies - Schedule of Risk              HTML     51K 
                Concentration (Details)                                          
66: R49         Accounting Policies - Allowance for Doubtful        HTML     38K 
                Accounts Rollforward (Details)                                   
67: R50         Accounting Policies - Basic and Diluted Earnings    HTML     66K 
                Per Share (Details)                                              
68: R51         Revenue from Contracts with Customers - Additional  HTML     34K 
                Information (Details)                                            
69: R52         Revenue from Contracts with Customers -             HTML     63K 
                Disaggregation of Revenue (Details)                              
70: R53         Revenue from Contracts with Customers - Changes in  HTML     41K 
                Deferred Revenue (Details)                                       
71: R54         Revenue from Contracts with Customers - Remaining   HTML     50K 
                Performance Obligations, Expected Timing of                      
                Satisfaction (Details)                                           
72: R55         Acquisitions (Details)                              HTML     42K 
73: R56         Acquisitions - Recognized Amounts of Identifiable   HTML     75K 
                Assets Acquired and Liabilities Assumed (Details)                
74: R57         Acquisitions - Valuation Assumptions and            HTML     52K 
                Weighted-Average Useful Life (Details)                           
75: R58         Other Receivables and Current Assets and Other      HTML     47K 
                Accrued Expenses and Liabilities (Details)                       
76: R59         Property and Equipment - Additional Information     HTML     32K 
                (Details)                                                        
77: R60         Property and Equipment - Components of Property     HTML     68K 
                and Equipment (Details)                                          
78: R61         Goodwill and Intangible Assets - Additional         HTML     33K 
                Information (Details)                                            
79: R62         Goodwill and Intangible Assets - Intangible Assets  HTML     47K 
                (Details)                                                        
80: R63         Goodwill and Intangible Assets - Estimated Future   HTML     50K 
                Amortization Expense for Intangible Assets                       
                (Details)                                                        
81: R64         Goodwill and Intangible Assets - Changes in         HTML     38K 
                Goodwill (Details)                                               
82: R65         Fair Value Measurement - Fair Value of Assets and   HTML     53K 
                Liabilities Measured on Recurring Basis (Details)                
83: R66         Fair Value Measurement - Additional Information     HTML     36K 
                (Details)                                                        
84: R67         Leases - Additional Information (Details)           HTML     41K 
85: R68         Leases - Schedule of Lease Cost (Details)           HTML     37K 
86: R69         Leases - Lessee, Operating Lease Other Information  HTML     39K 
                (Details)                                                        
87: R70         Leases - Schedule of Maturity of Operating Lease    HTML     51K 
                Liabilities (Details)                                            
88: R71         Debt (Details)                                      HTML     67K 
89: R72         Income Taxes - Additional Information (Details)     HTML     74K 
90: R73         Income Taxes - Components of Income Before Income   HTML     40K 
                Taxes (Details)                                                  
91: R74         Income Taxes - Components of Provision for Income   HTML     50K 
                Taxes (Details)                                                  
92: R75         Income Taxes - Reconciliation of U.S. Federal       HTML     57K 
                Statutory Tax Rate to Consolidated Effective Tax                 
                Rate (Details)                                                   
93: R76         Income Taxes - Components of Deferred Tax Assets    HTML     72K 
                and Liabilities (Details)                                        
94: R77         Income Taxes - Reconciliation of Unrecognized Tax   HTML     48K 
                Benefits (Details)                                               
95: R78         Pension and Profit-Sharing Plans (Details)          HTML     49K 
96: R79         Stock-Based Compensation - Additional Information   HTML     92K 
                (Details)                                                        
97: R80         Stock-Based Compensation - Stock-Based              HTML     48K 
                Compensation Expense (Details)                                   
98: R81         Stock-Based Compensation - Summary of Stock         HTML     78K 
                Options (Details)                                                
99: R82         Stock-Based Compensation - Information Regarding    HTML     52K 
                Stock Options Outstanding (Details)                              
100: R83         Stock-Based Compensation - Assumptions to Estimate  HTML     58K  
                Fair Value of Stock Awards (Details)                             
101: R84         Stock-Based Compensation - Summary of Restricted    HTML     64K  
                Stock Units (Details)                                            
102: R85         Stock Repurchase Program (Details)                  HTML     36K  
103: R86         Stock Repurchase Program - Additional Information   HTML     35K  
                (Details)                                                        
104: R87         Royalty Agreements (Details)                        HTML     32K  
105: R88         Geographic Information - Revenue by Geographic      HTML     54K  
                Area (Details)                                                   
106: R89         Geographic Information - Property and Equipment by  HTML     43K  
                Geographic Area (Details)                                        
107: R90         Unconditional Purchase Obligations (Details)        HTML     43K  
108: R91         Unconditional Purchase Obligations - Additional     HTML     32K  
                Information (Details)                                            
109: R92         Contingencies and Commitments - Additional          HTML     36K  
                Information (Details)                                            
110: R93         Subsequent Event (Details)                          HTML     41K  
112: XML         IDEA XML File -- Filing Summary                      XML    200K  
115: XML         XBRL Instance -- anss-20231231_htm                   XML   2.34M  
111: EXCEL       IDEA Workbook of Financial Report Info              XLSX    190K  
14: EX-101.CAL  XBRL Calculations -- anss-20231231_cal               XML    227K 
15: EX-101.DEF  XBRL Definitions -- anss-20231231_def                XML    720K 
16: EX-101.LAB  XBRL Labels -- anss-20231231_lab                     XML   2.32M 
17: EX-101.PRE  XBRL Presentations -- anss-20231231_pre              XML   1.35M 
13: EX-101.SCH  XBRL Schema -- anss-20231231                         XSD    209K 
113: JSON        XBRL Instance as JSON Data -- MetaLinks              628±   938K  
114: ZIP         XBRL Zipped Folder -- 0001013462-24-000007-xbrl      Zip    670K  


‘EX-31.1’   —   Section 302 CEO Certification


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  Document  

EXHIBIT 31.1
CHIEF EXECUTIVE OFFICER CERTIFICATION
I, Ajei S. Gopal, certify that:
1.I have reviewed this annual report on Form 10-K of ANSYS, Inc. ("Ansys");
2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of Ansys as of, and for, the periods presented in this report;
4.Ansys' other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for Ansys and have:
a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to Ansys, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c.Evaluated the effectiveness of Ansys' disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d.Disclosed in this report any change in Ansys' internal control over financial reporting that occurred during Ansys' most recent fiscal quarter (Ansys' fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, Ansys' internal control over financial reporting; and
5.Ansys' other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to Ansys' auditors and the audit committee of Ansys' board of directors (or persons performing the equivalent functions):
a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect Ansys' ability to record, process, summarize and report financial information; and
b.Any fraud, whether or not material, that involves management or other employees who have a significant role in Ansys' internal control over financial reporting.

Date:February 21, 2024/s/ Ajei S. Gopal
Ajei S. Gopal
President and Chief Executive Officer
(Principal Executive Officer)


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/21/248-K
For Period end:12/31/23
 List all Filings 


5 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/01/24  ANSYS, Inc.                       10-Q        3/31/24   81:5.8M
 4/17/24  ANSYS, Inc.                       DEFM14A                1:6.1M                                   Broadridge Fin’l So… Inc
 4/17/24  Synopsys Inc.                     424B3                  1:4.4M                                   Broadridge Fin’l So… Inc
 4/11/24  Synopsys Inc.                     S-4/A                  5:6.3M                                   Broadridge Fin’l So… Inc
 3/14/24  Synopsys Inc.                     S-4                    7:6.1M                                   Broadridge Fin’l So… Inc


20 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/16/24  ANSYS, Inc.                       8-K:1,2,7,9 1/15/24   12:1M                                     Donnelley … Solutions/FA
11/01/23  ANSYS, Inc.                       10-Q        9/30/23   83:8.4M
 8/02/23  ANSYS, Inc.                       10-Q        6/30/23   83:6.6M
 5/16/23  ANSYS, Inc.                       8-K:5,9     5/12/23   13:470K
 2/22/23  ANSYS, Inc.                       10-K       12/31/22  112:12M
 7/06/22  ANSYS, Inc.                       8-K:1,2,9   6/30/22   11:1.3M                                   Donnelley … Solutions/FA
 8/04/21  ANSYS, Inc.                       10-Q        6/30/21   86:7M
 5/18/21  ANSYS, Inc.                       8-K:5,9     5/14/21   12:406K
 5/05/21  ANSYS, Inc.                       10-Q        3/31/21   81:30M
 2/24/21  ANSYS, Inc.                       10-K       12/31/20  122:32M
 5/06/20  ANSYS, Inc.                       10-Q        3/31/20   82:6M
 2/27/20  ANSYS, Inc.                       10-K       12/31/19  130:14M
11/07/19  ANSYS, Inc.                       10-Q        9/30/19   85:7M
 2/23/17  ANSYS, Inc.                       10-K       12/31/16  106:9.7M
 8/29/16  ANSYS, Inc.                       8-K:5,9     8/26/16    5:213K                                   Donnelley … Solutions/FA
 3/31/16  ANSYS, Inc.                       DEF 14A     5/20/16    1:1.5M                                   Donnelley … Solutions/FA
 5/02/13  ANSYS, Inc.                       10-Q        3/31/13   72:5.3M
 3/20/13  ANSYS, Inc.                       8-K:5,9     3/14/13    3:98K                                    Globenewswire Inc./FA
 9/18/12  ANSYS, Inc.                       8-K:1,9     9/14/12    2:314K                                   Donnelley … Solutions/FA
 5/17/11  ANSYS, Inc.                       8-K:5,9     5/11/11    3:119K                                   Donnelley … Solutions/FA
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