Synopsys Posts Financial Results for Second Quarter Fiscal Year 2023

 

SYNOPSYS, INC.



Unaudited Condensed Consolidated Balance Sheets (1)



(in thousands, except par value amounts)










April 30, 2023


October 31, 2022



ASSETS:









Current assets:









  Cash and cash equivalents




$                  1,544,592


$                  1,417,608



  Short-term investments




150,846


147,913



          Total cash, cash equivalents & short-term investments




1,695,438


1,565,521



  Accounts receivable, net




779,892


796,091



  Inventories




256,426


211,927



  Prepaid and other current assets




429,179


439,130



          Total current assets




3,160,935


3,012,669



Property and equipment, net




546,439


483,300



Operating lease right-of-use assets, net




576,727


559,090



Goodwill




3,888,249


3,842,234



Intangible assets, net




357,113


386,446



Deferred income taxes




774,391


670,653



Other long-term assets




486,878


463,695



           Total assets




$                  9,790,732


$                  9,418,087












LIABILITIES, REDEEMABLE NON-CONTROLLING
INTEREST AND STOCKHOLDERS' EQUITY:









Current liabilities:









  Accounts payable and accrued liabilities




$                     701,816


$                     809,403



  Operating lease liabilities




78,056


54,274



  Deferred revenue




1,968,808


1,910,822



           Total current liabilities




2,748,680


2,774,499



Long-term operating lease liabilities




591,667


581,273



Long-term deferred revenue




191,413


154,472



Long-term debt




20,201


20,824



Other long-term liabilities




365,949


327,829



           Total liabilities




3,917,910


3,858,897



Redeemable non-controlling interest




35,877


38,664



Stockholders' equity:









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




  Common stock, $0.01 par value: 400,000 shares authorized; 152,251 and







 152,375 shares outstanding, respectively




1,523


1,524



  Capital in excess of par value




1,330,072


1,487,126



  Retained earnings




6,075,009


5,534,307



  Treasury stock, at cost: 5,010 and 4,886 shares, respectively




(1,428,748)


(1,272,955)



  Accumulated other comprehensive income (loss)




(145,997)


(234,277)



           Total Synopsys stockholders' equity




5,831,859


5,515,725



  Non-controlling interest




5,086


4,801



           Total stockholders' equity




5,836,945


5,520,526



           Total liabilities, redeemable non-controlling interest and    
           stockholders' equity




$                  9,790,732


$                  9,418,087












(1) Synopsys' second quarter of fiscal year 2023 ended April 29, 2023 and its fiscal year 2022 ended on October 29, 2022, respectively. For
presentation purposes, we refer to the closest calendar month end.






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