SYNOPSYS, INC.

Unaudited Condensed Consolidated Balance Sheets ⁽¹⁾

(in thousands, except par value amounts)

April 30, 2024

October 31, 2023

ASSETS:

Current assets:

  Cash and cash equivalents

$          1,502,920

$          1,433,966

  Short-term investments

156,780

151,639

          Total cash, cash equivalents and short-term investments

1,659,700

1,585,605

  Accounts receivable, net

834,918

856,660

  Inventories

377,875

325,590

  Prepaid and other current assets

760,269

548,115

  Current assets held for sale

1,020,358

114,654

          Total current assets

4,653,120

3,430,624

Property and equipment, net

566,832

549,837

Operating lease right-of-use assets, net

528,011

559,923

Goodwill

3,427,424

3,346,065

Intangible assets, net

276,877

239,577

Deferred income taxes

1,004,660

853,526

Other long-term assets

554,913

444,820

Long-term assets held for sale

—

908,759

           Total assets

$        11,011,837

$        10,333,131

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

Current liabilities:

  Accounts payable and accrued liabilities

$            635,916

$          1,059,914

  Operating lease liabilities

84,550

79,832

  Deferred revenue

1,457,282

1,559,461

  Current liabilities held for sale

330,602

286,244

           Total current liabilities

2,508,350

2,985,451

Long-term operating lease liabilities

543,207

579,686

Long-term deferred revenue

307,965

150,827

Long-term debt

16,960

18,078

Other long-term liabilities

446,514

381,531

Long-term liabilities held for sale

—

33,257

           Total liabilities

3,822,996

4,148,830

Redeemable non-controlling interest

31,043

31,043

Stockholders' equity:

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

—

—

  Common stock, $0.01 par value: 400,000 shares authorized; 153,204 and
152,053 shares outstanding, respectively

1,532

1,521

  Capital in excess of par value

1,182,829

1,276,152

  Retained earnings

7,478,366

6,741,699

  Treasury stock, at cost: 4,056 and 5,207 shares, respectively

(1,321,554)

(1,675,650)

  Accumulated other comprehensive income (loss)

(188,013)

(196,414)

           Total Synopsys stockholders' equity

7,153,160

6,147,308

Non-controlling interest

4,638

5,950

           Total stockholders' equity

7,157,798

6,153,258

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

$        11,011,837

$        10,333,131

(1) Synopsys' second quarter of fiscal year 2024 ended on May 4, 2024 and its fiscal year 2023 ended on October 28, 2023,
respectively. For presentation purposes, we refer to the closest calendar month end. The first quarter of fiscal year 2024 included
one extra week.