SYNOPSYS, INC. | ||||||
Unaudited Reconciliation of Consolidated Statements of Operations | ||||||
Under ASC 606 & ASC 605 (1) | ||||||
(in thousands, except per share amounts) | ||||||
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| Three Months Ended |
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| July 31, 2019 |
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| As reported under
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| Adjustments |
| Balances under
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Revenue: |
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Time-based products | $ 537,569 |
| $ 55,604 |
| $ 593,173 |
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Upfront products | 177,552 |
| (73,267) |
| 104,285 |
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Maintenance and service | 137,849 |
| (26,914) |
| 110,935 |
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Total revenue | 852,970 |
| (44,577) |
| 808,393 |
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Cost of revenue: |
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Products | 113,533 |
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| 113,533 |
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Maintenance and service | 59,496 |
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| 59,496 |
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Amortization of intangible assets | 13,603 |
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| 13,603 |
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Total cost of revenue | 186,632 |
| - |
| 186,632 |
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Gross margin | 666,338 |
| (44,577) |
| 621,761 |
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Operating expenses: |
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Research and development | 284,804 |
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| 284,804 |
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Sales and marketing | 157,109 |
| (2,731) |
| 154,378 |
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General and administrative | 67,382 |
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| 67,382 |
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Amortization of intangible assets | 10,111 |
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| 10,111 |
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Restructuring | 19,338 |
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| 19,338 |
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Total operating expenses | 538,744 |
| (2,731) |
| 536,013 |
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Operating income | 127,594 |
| (41,846) |
| 85,748 |
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Other income (expense), net | 5,317 |
| - |
| 5,317 |
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| Income before income taxes | 132,911 |
| (41,846) |
| 91,065 |
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| Provision (benefit) for income taxes | 32,982 |
| (9,127) |
| 23,855 |
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| Net income (loss) | $ 99,929 |
| $ (32,719) |
| $ 67,210 |
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| Net income (loss) per share: |
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| Basic | $ 0.67 |
| $ (0.22) |
| $ 0.45 |
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| Diluted | $ 0.65 |
| $ (0.22) |
| $ 0.43 |
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| Shares used in computing per share amounts: |
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| Basic | 150,123 |
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| 150,123 |
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| Diluted | 154,600 |
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| 154,600 |
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| (1) Synopsys' third quarter of fiscal year 2019 ended on August 3, 2019. For presentation purposes, we refer to the closest calendar month end. |
