Synopsys Posts Financial Results for Fourth Quarter and Fiscal Year 2019

 

SYNOPSYS, INC.

Unaudited Reconciliation of Consolidated Statements of Operations
Under ASC 606 & ASC 605 (1)

(in thousands, except per share amounts)














Twelve Months Ended 


October 31, 2019


As reported under
ASC 606


Adjustments


Balances under
ASC 605

Revenue:






  Time-based products

$            2,197,965


$     206,904


$       2,404,869

  Upfront products

619,791


(235,398)


384,393

  Maintenance and service

542,938


(74,037)


468,901

      Total revenue

3,360,694


(102,531)


3,258,163

Cost of revenue:






  Products

459,127




459,127

  Maintenance and service

234,196




234,196

  Amortization of intangible assets

59,623




59,623

     Total cost of revenue

752,946


-


752,946

Gross margin

2,607,748


(102,531)


2,505,217

Operating expenses:






  Research and development

1,136,932




1,136,932

  Sales and marketing

632,890


4,121


637,011

  General and administrative

229,218




229,218

  Amortization of intangible assets 

41,291




41,291

  Restructuring charges

47,186




47,186

     Total operating expenses

2,087,517


4,121


2,091,638

Operating income

520,231


(106,652)


413,579

Other income (expense), net

25,275


-


25,275

Income before income taxes

545,506


(106,652)


438,854

Provision (benefit) for income taxes

13,139


(18,499)


(5,360)

Net income (loss)

$               532,367


$      (88,153)


$          444,214







Net income (loss) per share:






  Basic

$                     3.55


$          (0.59)


$                2.96

  Diluted

$                     3.45


$          (0.57)


$                2.88







Shares used in computing per share amounts:






  Basic

149,872




149,872

  Diluted

154,190




154,190


(1)  Synopsys' fiscal year 2019 ended on November 2, 2019. For presentation purposes, we refer to the closest calendar month end.


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Reviews:
Review Article
  • online works December 05, 2019
    Reviewed by 'Nelsonr Jeynolds'
    Synopsys likewise gives its combined budgetary focuses to the fourth quarter and full financial year 2019, which do exclude any effect of future obtaining related exercises or expenses.
    Thesis writing service

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