Synopsys Posts Financial Results for Second Quarter Fiscal Year 2020


(1) Synopsys' second quarter of fiscal year 2020 and 2019 ended on May 2, 2020 and May 4, 2019, respectively. For presentation purposes, we refer to the closest calendar month end.

 

SYNOPSYS, INC.

Unaudited Consolidated Balance Sheets (1)

(in thousands, except par value amounts)






April 30, 2020


October 31, 2019

ASSETS:




Current assets:




  Cash and cash equivalents

$      856,424


$      728,597

  Accounts receivable, net

634,807


553,895

  Inventories

166,437


141,518

  Income taxes receivable and prepaid taxes

18,809


24,855

  Prepaid and other current assets

284,278


290,052

          Total current assets

1,960,755


1,738,917

Property and equipment, net

470,412


429,532

Operating lease right-of-use assets, net

462,778


-

Goodwill

3,311,243


3,171,179

Intangible assets, net

279,311


279,374

Long-term prepaid taxes

15,068


15,503

Deferred income taxes

430,105


390,129

Other long-term assets

392,794


380,526

           Total assets

$   7,322,466


$   6,405,160





LIABILITIES AND STOCKHOLDERS' EQUITY:




Current liabilities:




  Accounts payable and accrued liabilities

$      447,055


$      506,459

  Operating lease liabilities, current

72,465


-

  Accrued income taxes

16,754


15,904

  Deferred revenue

1,396,511


1,212,476

  Short-term debt

121,412


17,614

           Total current liabilities

2,054,197


1,752,453

Operating lease liabilities, non-current

462,094


-

Long-term accrued income taxes

24,589


29,911

Long-term deferred revenue

125,153


90,102

Long-term debt

114,370


120,093

Other long-term liabilities

261,114


323,725

           Total liabilities

3,041,517


2,316,284

Stockholders' equity:




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

-


-

  Common stock, $0.01 par value: 400,000 shares authorized; 150,908 and 150,331 shares outstanding, respectively

1,509


1,503

  Capital in excess of par value

1,655,787


1,635,455

  Retained earnings

3,356,489


3,164,144

  Treasury stock, at cost: 6,353 and 6,930 shares, respectively

(634,669)


(625,642)

  Accumulated other comprehensive income (loss) 

(104,030)


(92,447)

           Total Synopsys stockholders' equity

4,275,086


4,083,013

Non-controlling interest

5,863


5,863

           Total stockholders' equity

4,280,949


4,088,876

           Total liabilities and stockholders' equity

$   7,322,466


$   6,405,160



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