Synopsys Posts Financial Results for Second Quarter Fiscal Year 2020

 

Total Adjusted Segment Operating Income Reconciliation (1)(2)

(in millions)










Three Months
Ended


Three Months
Ended


Six Months
Ended


Six Months
Ended


April 30, 2020 (3)


April 30, 2019 (3)


April 30, 2020 (3)


April 30, 2019 (3)

GAAP total operating income – as reported

$   125.9


$   115.5


$   213.4


$   262.9

Other expenses managed at consolidated level








-Amortization of intangible assets

24.1


25.2


46.6


53.4

-Stock compensation

56.4


36.9


108.3


75.4

-Fair value changes in executive deferred compensation plan

(18.5)


16.2


(6.0)


20.5

-Acquisition-related costs

3.8


1.6


7.5


2.2

-Restructuring

29.7


14.4


38.4


14.4

-Legal matters

-


-


-


(18.0)

Total adjusted segment operating income

$   221.4


$   209.8


$   408.3


$   410.8



(1) Synopsys manages the business on a long-term, annual basis, and considers quarterly fluctuations of revenue and profitability as normal elements of our business. Quarterly variability, which increases as a result of ASC 606, should be expected.


(2) These segment results are consistent with the information required by ASC 280, Segment Reporting. They are presented to reflect the information that is considered by Synopsys' chief operating decision makers (CODMs) to evaluate the operating performance of its segments. The CODMs do not allocate certain operating expenses managed at a consolidated level to our reportable segments, and as a result, the reported operating income and operating margin do not include these unallocated expenses as shown in the table above. Amounts may not foot due to rounding.


(3) 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.

INVESTOR CONTACT:
Lisa L. Ewbank
Synopsys, Inc.
650-584-1901
Synopsys-ir@synopsys.com 

EDITORIAL CONTACT:
Simone Souza
Synopsys, Inc.
650-584-6454
simone@synopsys.com

Cision View original content: http://www.prnewswire.com/news-releases/synopsys-posts-financial-results-for-second-quarter-fiscal-year-2020-301062899.html

SOURCE Synopsys, Inc.

Contact:
Company Name: Synopsys, Inc.
Web: http://www.synopsys.com
Financial data for Synopsys, Inc.



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