SYNOPSYS, INC. | |||||
Unaudited Reconciliation of Consolidated Statements of Operations
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(in thousands, except per share amounts) | |||||
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| Twelve 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 | $ 2,197,965 |
| $ 206,904 |
| $ 2,404,869 |
Upfront products | 619,791 |
| (235,398) |
| 384,393 |
Maintenance and service | 542,938 |
| (74,037) |
| 468,901 |
Total revenue | 3,360,694 |
| (102,531) |
| 3,258,163 |
Cost of revenue: |
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Products | 459,127 |
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| 459,127 |
Maintenance and service | 234,196 |
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| 234,196 |
Amortization of intangible assets | 59,623 |
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| 59,623 |
Total cost of revenue | 752,946 |
| - |
| 752,946 |
Gross margin | 2,607,748 |
| (102,531) |
| 2,505,217 |
Operating expenses: |
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Research and development | 1,136,932 |
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| 1,136,932 |
Sales and marketing | 632,890 |
| 4,121 |
| 637,011 |
General and administrative | 229,218 |
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| 229,218 |
Amortization of intangible assets | 41,291 |
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| 41,291 |
Restructuring charges | 47,186 |
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| 47,186 |
Total operating expenses | 2,087,517 |
| 4,121 |
| 2,091,638 |
Operating income | 520,231 |
| (106,652) |
| 413,579 |
Other income (expense), net | 25,275 |
| - |
| 25,275 |
Income before income taxes | 545,506 |
| (106,652) |
| 438,854 |
| Provision (benefit) for income taxes | 13,139 |
| (18,499) |
| (5,360) |
| Net income (loss) | $ 532,367 |
| $ (88,153) |
| $ 444,214 |
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| Net income (loss) per share: |
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| Basic | $ 3.55 |
| $ (0.59) |
| $ 2.96 |
| Diluted | $ 3.45 |
| $ (0.57) |
| $ 2.88 |
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| Shares used in computing per share amounts: |
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| Basic | 149,872 |
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| 149,872 |
| Diluted | 154,190 |
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| 154,190 |
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| (1) Synopsys' fiscal year 2019 ended on November 2, 2019. For presentation purposes, we refer to the closest calendar month end. |
