SYNOPSYS, INC. | |||||
Unaudited Reconciliation of Consolidated Statements of Operations
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(in thousands, except per share amounts) | |||||
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| Three Months Ended | ||||
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| October 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 | $ 548,375 |
| $ 48,682 |
| $ 597,057 |
Upfront products | 168,325 |
| (84,288) |
| 84,037 |
Maintenance and service | 134,381 |
| (16,330) |
| 118,051 |
Total revenue | 851,081 |
| (51,936) |
| 799,145 |
Cost of revenue: |
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Products | 112,964 |
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| 112,964 |
Maintenance and service | 56,083 |
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| 56,083 |
Amortization of intangible assets | 13,696 |
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| 13,696 |
Total cost of revenue | 182,743 |
| - |
| 182,743 |
Gross margin | 668,338 |
| (51,936) |
| 616,402 |
Operating expenses: |
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Research and development | 290,503 |
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| 290,503 |
Sales and marketing | 161,170 |
| (6,274) |
| 154,896 |
General and administrative | 63,424 |
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| 63,424 |
Amortization of intangible assets | 10,080 |
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| 10,080 |
Restructuring charges | 13,440 |
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| 13,440 |
Total operating expenses | 538,617 |
| (6,274) |
| 532,343 |
Operating income | 129,721 |
| (45,662) |
| 84,059 |
Other income (expense), net | 1,902 |
| - |
| 1,902 |
Income before income taxes | 131,623 |
| (45,662) |
| 85,961 |
| Provision (benefit) for income taxes | (29,091) |
| (6,301) |
| (35,392) |
| Net income (loss) | $ 160,714 |
| $ (39,361) |
| $ 121,353 |
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| Net income (loss) per share: |
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| Basic | $ 1.07 |
| $ (0.26) |
| $ 0.81 |
| Diluted | $ 1.04 |
| $ (0.25) |
| $ 0.79 |
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| Shares used in computing per share amounts: |
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| Basic | 150,367 |
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| 150,367 |
| Diluted | 154,532 |
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| 154,532 |
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| (1) Synopsys' fourth quarter of fiscal year 2019 ended on November 2, 2019. For presentation purposes, we refer to the closest calendar month end. |
