(1) Synopsys' third quarter of fiscal year 2020 and 2019 ended on August 1, 2020 and August 3, 2019, respectively. For presentation purposes, we refer to the closest calendar month end. | |||
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SYNOPSYS, INC. | |||||||
Business Segment Reporting (1) | |||||||
(in millions) | |||||||
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| Q3'20 |
| Q3'19 |
| YTD Q3'20 |
| YTD Q3'19 |
Revenue by segment |
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- Semiconductor & System Design | $ 870.7 |
| $ 769.4 |
| $ 2,392.5 |
| $ 2,260.3 |
% of Total | 90.3% |
| 90.2% |
| 90.0% |
| 90.1% |
- Software Integrity | $ 93.4 |
| $ 83.6 |
| $ 267.3 |
| $ 249.3 |
% of Total | 9.7% |
| 9.8% |
| 10.0% |
| 9.9% |
Total segment revenue | $ 964.1 |
| $ 853.0 |
| $ 2,659.8 |
| $ 2,509.6 |
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Adjusted operating income by segment |
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- Semiconductor & System Design | $ 308.7 |
| $ 207.8 |
| $ 697.3 |
| $ 604.5 |
- Software Integrity | $ 14.8 |
| $ 8.8 |
| $ 34.6 |
| $ 22.9 |
Total adjusted segment operating income | $ 323.6 |
| $ 216.6 |
| $ 731.9 |
| $ 627.4 |
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Adjusted operating margin by segment |
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- Semiconductor & System Design | 35.4% |
| 27.0% |
| 29.1% |
| 26.7% |
- Software Integrity | 15.8% |
| 10.5% |
| 12.9% |
| 9.2% |
| Total adjusted segment operating margin | 33.6% |
| 25.4% |
| 27.5% |
| 25.0% |
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| Total Adjusted Segment Operating Income Reconciliation (1)(2) | |||||||
| (in millions) | |||||||
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| Three Months |
| Three Months |
| Nine Months |
| Nine Months |
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| Ended |
| Ended |
| Ended |
| Ended |
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| July 31, 2020 (3) |
| July 31, 2019 (3) |
| July 31, 2020 (3) |
| July 31, 2019 (3) |
| GAAP total operating income – as reported | $ 210.6 |
| $ 127.6 |
| $ 424.0 |
| $ 390.5 |
| Other expenses managed at consolidated level |
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| -Amortization of intangible assets | 23.6 |
| 23.7 |
| 70.3 |
| 77.1 |
| -Stock compensation | 61.8 |
| 39.5 |
| 170.2 |
| 114.8 |
| -Fair value changes in executive deferred compensation plan | 26.2 |
| 4.7 |
| 20.2 |
| 25.2 |
| -Acquisition-related costs | 3.3 |
| 1.8 |
| 10.8 |
| 3.9 |
| -Restructuring | (2.0) |
| 19.3 |
| 36.4 |
| 33.7 |
| -Legal matters | - |
| - |
| - |
| (18.0) |
| Total adjusted segment operating income | $ 323.6 |
| $ 216.6 |
| $ 731.9 |
| $ 627.4 |
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