Synopsys Posts Financial Results for First Quarter Fiscal Year 2020

 

SYNOPSYS, INC.

Unaudited Consolidated Balance Sheets (1)

(in thousands, except par value amounts)






January 31, 2020


October 31, 2019

ASSETS:




Current assets:




  Cash and cash equivalents

$             700,356


$             728,597

  Accounts receivable, net

799,078


553,895

  Inventories

148,057


141,518

  Income taxes receivable and prepaid taxes

21,947


24,855

  Prepaid and other current assets

281,991


290,052

          Total current assets

1,951,429


1,738,917

Property and equipment, net

457,527


429,532

Operating lease right-of-use assets, net

460,137


-

Goodwill

3,231,592


3,171,179

Intangible assets, net

282,145


279,374

Long-term prepaid taxes

15,515


15,503

Deferred income taxes

407,482


390,129

Other long-term assets

397,076


380,526

           Total assets

$          7,202,903


$          6,405,160





LIABILITIES AND STOCKHOLDERS' EQUITY:




Current liabilities:




  Accounts payable and accrued liabilities

$             355,352


$             506,459

  Operating lease liabilities, current

68,274


-

  Accrued income taxes

18,807


15,904

  Deferred revenue

1,404,729


1,212,476

  Short-term debt

208,576


17,614

           Total current liabilities

2,055,738


1,752,453

Operating lease liabilities, non-current

459,152


-

Long-term accrued income taxes

29,884


29,911

Long-term deferred revenue

96,712


90,102

Long-term debt

122,516


120,093

Other long-term liabilities

284,211


323,725

           Total liabilities

3,048,213


2,316,284

Stockholders' equity:




  Preferred stock, $0.01 par value: 2,000 shares authorized; none outstanding

-


-

  Common stock, $0.01 par value: 400,000 shares authorized; 150,202 and 150,331 shares outstanding, respectively

1,502


1,503

  Capital in excess of par value

1,626,783


1,635,455

  Retained earnings

3,268,205


3,164,144

  Treasury stock, at cost: 7,059 and 6,930 shares, respectively

(664,352)


(625,642)

  Accumulated other comprehensive income (loss) 

(83,311)


(92,447)

           Total Synopsys stockholders' equity

4,148,827


4,083,013

Non-controlling interest

5,863


5,863

           Total stockholders' equity

4,154,690


4,088,876

           Total liabilities and stockholders' equity

$          7,202,903


$          6,405,160


(1) Synopsys' first quarter of fiscal year 2020 ended on February 1, 2020, and its fiscal year 2019 ended on November 2, 2019. For presentation purposes, we refer to the closest calendar month end.


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