Synopsys, Inc. (SNPS) Financial Statements (2024 and earlier)

Company Profile

Business Address 675 ALMANOR AVE
SUNNYVALE, CA 94085
State of Incorp. DE
Fiscal Year End October 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

10/31/2023
1/31/2023
MRQ
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3021,5661,5811,236729723
Cash and cash equivalents1,1551,4181,4331,236729723
Short-term investments147148148   
Restricted cash and investments      
Receivables1,035796569781554554
Inventory, net of allowances, customer advances and progress billings221212229192142122
Inventory221212229192142122
Other undisclosed current assets470439430341315144
Total current assets:3,0283,0132,8082,5491,7391,544
Noncurrent Assets
Operating lease, right-of-use asset587559493466 
Property, plant and equipment517483472484430309
Intangible assets, net (including goodwill)4,2264,2293,8553,6193,4513,504
Goodwill3,8653,8423,5763,3653,1713,143
Intangible assets, net (excluding goodwill)361386279254279360
Prepaid expense    816138
Deferred costs     250212
Deferred income tax assets719671613498 
Other noncurrent assets488464511406381247
Other undisclosed noncurrent assets     140192
Total noncurrent assets:6,5376,4055,9445,4814,6664,602
TOTAL ASSETS:9,5669,4188,7528,0306,4056,146
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:664809695624506578
Employee-related liabilities582493417413
Accounts payable703827302085
Accrued liabilities593212861016980
Other undisclosed accounts payable and accrued liabilities  560    
Deferred revenue1,9951,9111,5181,388 
Debt   752718344
Contract with customer, liability1,212 
Other undisclosed current liabilities6654126101161,180
Total current liabilities:2,7252,7742,4132,1401,7522,102
Noncurrent Liabilities
Long-term debt and lease obligation21602512563120126
Long-term debt, excluding current maturities212125101120126
Liabilities, other than long-term debt1,141482528415444316
Accounts payable and accrued liabilities   28253051
Deferred revenue173154136105 
Contract with customer, liability90 
Other liabilities365328364285324266
Operating lease, liability604581487462 
Other undisclosed noncurrent liabilities      117
Total noncurrent liabilities:1,1621,0841,040978564559
Total liabilities:3,8873,8593,4533,1182,3162,661
Temporary equity, carrying amount3639    
Equity
Equity, attributable to parent5,6375,5165,2954,9074,0833,479
Common stock222221
Treasury stock, value(1,321)(1,273)(783)(489)(626)(598)
Additional paid in capital1,2931,4871,5761,6531,6351,645
Accumulated other comprehensive loss(142)(234)(50)(54)(92)(113)
Retained earnings5,8065,5344,5503,7953,1642,544
Equity, attributable to noncontrolling interest654566
Total equity:5,6435,5215,2994,9124,0893,485
TOTAL LIABILITIES AND EQUITY:9,5669,4188,7528,0306,4056,146

Income Statement (P&L) ($ in millions)

10/31/2023
1/31/2023
TTM
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
Revenues5,1735,0824,2043,6853,3613,121
Cost of revenue(1,091)(1,064)(862)(795)(753)(736)
Gross profit:4,0824,0183,3422,8912,6082,385
Operating expenses(3,011)(2,856)(2,608)(2,270)(2,088)(2,025)
Operating income:1,0711,162735620520360
Nonoperating income (expense)(3)(47)7118253
Gain (loss), foreign currency transaction, before tax855644
Other nonoperating income (expense)411(5)(7)(1)5
Interest and debt expense(1)(2)(3)(5)(12)(16)
Other undisclosed income from continuing operations before equity method investments, income taxes    51216
Income from continuing operations before equity method investments, income taxes:1,0661,114802638546364
Other undisclosed income from continuing operations before income taxes123   
Income from continuing operations before income taxes:1,0671,116806638546364
Income tax expense (benefit)(134)(137)(49)25(13)69
Income from continuing operations:934978756663532433
Income before gain (loss) on sale of properties:665978756663532433
Net income:934978756663532433
Net income attributable to noncontrolling interest9611  
Net income available to common stockholders, diluted:942985758664532433

Comprehensive Income ($ in millions)

10/31/2023
1/31/2023
TTM
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
Net income:934978756663532433
Other comprehensive income (loss)(91)(185)43821(47)
Comprehensive income:843794761702553385
Comprehensive income, net of tax, attributable to noncontrolling interest9611  
Comprehensive income, net of tax, attributable to parent:852800762703553385

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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