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SYNOPSYS, INC. |
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Unaudited Reconciliation of Consolidated Statements of Operations Under ASC 606 & ASC 605 (1) |
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(in thousands, except per share amounts) |
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Three Months Ended |
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January 31, 2019 |
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As reported
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Adjustments |
Balances under
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Revenue: |
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Time-based products |
$ 553,716 |
$ 15,856 |
$ 569,572 |
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Upfront products |
130,513 |
(16,786) |
113,727 |
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Maintenance and service |
136,172 |
(21,414) |
114,758 |
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Total revenue |
820,401 |
(22,344) |
798,057 |
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Cost of revenue: |
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Products |
116,620 |
116,620 |
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Maintenance and service |
58,829 |
58,829 |
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Amortization of intangible assets |
17,443 |
17,443 |
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Total cost of revenue |
192,892 |
- |
192,892 |
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Gross margin |
627,509 |
(22,344) |
605,165 |
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Operating expenses: |
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Research and development |
271,326 |
271,326 |
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Sales and marketing |
155,959 |
11,184 |
167,143 |
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General and administrative |
42,061 |
42,061 |
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Amortization of intangible assets |
10,784 |
10,784 |
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Restructuring |
(35) |
(35) |
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Total operating expenses |
480,095 |
11,184 |
491,279 |
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Operating income |
147,414 |
(33,528) |
113,886 |
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Other income (expense), net |
(359) |
- |
(359) |
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Income before income taxes |
147,055 |
(33,528) |
113,527 |
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Provision (benefit) for income taxes |
(6,459) |
(5,670) |
(12,129) |
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Net income (loss) |
$ 153,514 |
$ (27,858) |
$ 125,656 |
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Net income (loss) per share: |
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Basic |
$ 1.03 |
$ (0.19) |
$ 0.84 |
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Diluted |
$ 1.01 |
$ (0.19) |
$ 0.82 |
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Shares used in computing per share amounts: |
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Basic |
149,288 |
149,288 |
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Diluted |
152,661 |
152,661 |
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(1) Synopsys' first quarter of fiscal year 2019 ended on February 2, 2019. For presentation purposes, we refer to the closest calendar month end. |
