Synopsys Posts Financial Results for First Quarter Fiscal Year 2021

 

SYNOPSYS, INC.

Unaudited Consolidated Balance Sheets (1)

(in thousands, except par value amounts)












January 31, 2021


October 31, 2020

ASSETS:







Current assets:







  Cash and cash equivalents




$                    1,023,074


$                    1,235,653

  Accounts receivable, net




789,320


780,709

  Inventories, net




230,907


192,333

  Income taxes receivable and prepaid taxes




25,190


32,355

  Prepaid and other current assets




329,233


308,167

          Total current assets




2,397,724


2,549,217

Property and equipment, net




486,604


483,818

Operating lease right-of-use assets, net




462,136


465,818

Goodwill




3,433,003


3,365,114

Intangible assets, net




254,375


254,322

Long-term prepaid taxes




8,285


8,276

Deferred income taxes




522,871


497,546

Other long-term assets




447,840


405,951

           Total assets




$                    8,012,838


$                    8,030,062








LIABILITIES AND STOCKHOLDERS' EQUITY:







Current liabilities:







  Accounts payable and accrued liabilities




$                       422,928


$                       623,664

  Operating lease liabilities, current




72,769


73,173

  Accrued income taxes




32,227


27,738

  Deferred revenue




1,546,038


1,388,263

  Short-term debt




97,421


27,084

           Total current liabilities




2,171,383


2,139,922

Operating lease liabilities, non-current




459,880


462,411

Long-term accrued income taxes




25,184


25,178

Long-term deferred revenue




107,001


104,850

Long-term debt




25,658


100,823

Other long-term liabilities




336,834


284,511

           Total liabilities




3,125,940


3,117,695

Stockholders' equity:







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




-


-

  Common stock, $0.01 par value: 400,000 shares authorized; 152,364 and







      152,618 shares outstanding, respectively




1,526


1,528

  Capital in excess of par value




1,589,175


1,653,166

  Retained earnings




3,954,542


3,795,397

  Treasury stock, at cost: 4,897 and 4,643 shares, respectively




(628,216)


(488,613)

  Accumulated other comprehensive income (loss) 




(34,775)


(54,074)

           Total Synopsys stockholders' equity




4,882,252


4,907,404

Non-controlling interest




4,646


4,963

           Total stockholders' equity




4,886,898


4,912,367

           Total liabilities and stockholders' equity




$                    8,012,838


$                    8,030,062








(1) Synopsys' first quarter of fiscal year 2021 ended on January 30, 2021 and its fiscal year 2020 ended on October 31, 2020, respectively.
For presentation purposes, we refer to the closest calendar month end.


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