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SYNOPSYS, INC. | |||||||
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Unaudited Consolidated Statements of Operations (1) | |||||||
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(in thousands, except per share amounts) | |||||||
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Three Months Ended |
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Twelve Months Ended | ||||
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October 31, |
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October 31, | ||||
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2015 |
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2014 |
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2015 |
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2014 |
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Revenue: |
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Time-based license |
$ 467,535 |
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$ 443,620 |
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$ 1,792,212 |
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$ 1,699,135 |
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Upfront license |
57,654 |
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33,894 |
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197,325 |
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135,757 |
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Maintenance and service |
61,970 |
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61,498 |
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252,674 |
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222,580 |
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Total revenue |
587,159 |
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539,012 |
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2,242,211 |
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2,057,472 |
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Cost of revenue: |
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License |
84,983 |
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69,648 |
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303,633 |
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268,348 |
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Maintenance and service |
22,998 |
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25,161 |
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105,242 |
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87,226 |
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Amortization of intangible assets |
31,863 |
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26,612 |
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110,045 |
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101,311 |
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Total cost of revenue |
139,844 |
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121,421 |
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518,920 |
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456,885 |
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Gross margin |
447,315 |
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417,591 |
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1,723,291 |
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1,600,587 |
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Operating expenses: |
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Research and development |
208,305 |
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190,373 |
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776,229 |
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718,768 |
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Sales and marketing |
130,671 |
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120,232 |
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474,407 |
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453,079 |
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General and administrative |
43,843 |
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42,969 |
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165,097 |
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155,215 |
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Amortization of intangible assets |
6,938 |
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6,517 |
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26,004 |
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24,808 |
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Restructuring charges |
- |
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- |
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15,088 |
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- |
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Total operating expenses |
389,757 |
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360,091 |
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1,456,825 |
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1,351,870 |
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Operating income |
57,558 |
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57,500 |
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266,466 |
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248,717 |
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Other income (expense), net |
(1,640) |
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4,628 |
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15,144 |
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23,425 |
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Income before income taxes |
55,918 |
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62,128 |
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281,610 |
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272,142 |
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Provision (benefit) for income taxes |
6,156 |
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(327) |
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55,676 |
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13,018 |
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Net income |
$ 49,762 |
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$ 62,455 |
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$ 225,934 |
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$ 259,124 |
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Net income per share: |
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Basic |
$ 0.32 |
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$ 0.40 |
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$ 1.46 |
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$ 1.67 |
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Diluted |
$ 0.31 |
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$ 0.39 |
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$ 1.43 |
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$ 1.64 |
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Shares used in computing per share amounts: |
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Basic |
155,322 |
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156,385 |
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154,957 |
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155,054 |
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Diluted |
158,121 |
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158,477 |
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158,065 |
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157,710 |
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(1) Synopsys' fourth quarter of fiscal year 2015 and 2014 ended on October 31, 2015 and November 1, 2014, respectively. For presentation purposes, we refer to the closest calendar month end. |
