Synopsys Posts Financial Results for Fourth Quarter and Fiscal Year 2020

(1) Synopsys' fourth quarter of fiscal year 2020 and 2019 ended on October 31, 2020 and November 2, 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)






October 31, 2020


October 31, 2019

ASSETS:




Current assets:




  Cash and cash equivalents

$          1,235,653


$             728,597

  Accounts receivable, net

780,709


553,895

  Inventories, net

192,333


141,518

  Income taxes receivable and prepaid taxes

32,355


24,855

  Prepaid and other current assets

308,167


290,052

          Total current assets

2,549,217


1,738,917

Property and equipment, net

483,818


429,532

Operating lease right-of-use assets, net

465,818


-

Goodwill

3,365,114


3,171,179

Intangible assets, net

254,322


279,374

Long-term prepaid taxes

8,276


15,503

Deferred income taxes

497,546


390,129

Other long-term assets

405,951


380,526

           Total assets

$          8,030,062


$          6,405,160





LIABILITIES AND STOCKHOLDERS' EQUITY:




Current liabilities:




  Accounts payable and accrued liabilities

$             623,664


$             506,459

  Operating lease liabilities, current

73,173


-

  Accrued income taxes

27,738


15,904

  Deferred revenue

1,388,263


1,212,476

  Short-term debt

27,084


17,614

           Total current liabilities

2,139,922


1,752,453

Operating lease liabilities, non-current

462,411


-

Long-term accrued income taxes

25,178


29,911

Long-term deferred revenue

104,850


90,102

Long-term debt

100,823


120,093

Other long-term liabilities

284,511


323,725

           Total liabilities

3,117,695


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; 152,618 and




      150,331 shares outstanding, respectively

1,528


1,503

  Capital in excess of par value

1,653,166


1,635,455

  Retained earnings

3,795,397


3,164,144

  Treasury stock, at cost: 4,643 and 6,930 shares, respectively

(488,613)


(625,642)

  Accumulated other comprehensive income (loss) 

(54,074)


(92,447)

           Total Synopsys stockholders' equity

4,907,404


4,083,013

Non-controlling interest

4,963


5,863

           Total stockholders' equity

4,912,367


4,088,876

           Total liabilities and stockholders' equity

$          8,030,062


$          6,405,160



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