Aspen Technology Inc (AZPN) is a leading provider of software and services for the process industries. The company's income statement shows its financial performance over a specific period, detailing its revenue, expenses, and net income from stockholders. In 2020, Aspen Technology reported total revenue of $757.4 million, representing an increase of 4% compared to the previous year. The company's gross profit was $646.8 million, indicating a gross margin of 85.4%. Aspen Technology's net income from stockholders reached $155.3 million, reflecting a net margin of 20.5%.
Moving to the balance sheet, Aspen Technology had total assets of $1.13 billion and total liabilities of $378.1 million in 2020. The company's stockholders' equity, which represents the shareholders' ownership interest, was $753 million. Aspen Technology's cash equivalents, including short-term investments that can be converted into cash quickly, amounted to $253 million. Notably, the company had no net debt as its total debt and cash equivalents balanced out. The company's financial strength and stability are highlighted by its positive stockholders' equity and lack of net debt.
Cash flow is a crucial aspect of a company's financials, and Aspen Technology had a strong cash flow performance. The company's operating cash flow, derived from its core day-to-day operations, amounted to $223 million. Aspen Technology's investing cash flow, which includes the acquisition and sale of long-term assets, was $12 million. The company's financing cash flow, derived from activities such as obtaining capital from investors or repurchasing shares, equaled $220 million. The overall cash flow was positive, as evidenced by the company's free cash flow of $211 million.
In conclusion, Aspen Technology Inc (AZPN) demonstrates a solid financial position with steady revenue growth, healthy gross profit, and positive net income. The company has a healthy balance sheet with no net debt and significant stockholders' equity, indicating a robust financial foundation. Additionally, Aspen Technology exhibits strong cash flow generation, with positive operating, investing, and financing cash flows. These financials depict a well-performing company in the process industries sector.