(1) Synopsys' 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. | |||
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SYNOPSYS, INC. | |||||||
Business Segment Reporting (1) | |||||||
(in millions) | |||||||
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| Q4'20 |
| Q4'19 |
| FY'20 |
| FY'19 |
Revenue by segment |
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- Semiconductor & System Design | $ 934.6 |
| $ 765.8 |
| $ 3,327.2 |
| $ 3,026.1 |
% of Total | 91.1% |
| 90.0% |
| 90.3% |
| 90.0% |
- Software Integrity | $ 90.8 |
| $ 85.3 |
| $ 358.1 |
| $ 334.6 |
% of Total | 8.9% |
| 10.0% |
| 9.7% |
| 10.0% |
Total segment revenue | $ 1,025.4 |
| $ 851.1 |
| $ 3,685.3 |
| $ 3,360.7 |
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Adjusted operating income by segment |
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- Semiconductor & System Design | $ 293.5 |
| $ 202.1 |
| $ 990.8 |
| $ 806.6 |
- Software Integrity | $ 6.2 |
| $ 9.4 |
| $ 40.8 |
| $ 32.2 |
Total adjusted segment operating income | $ 299.7 |
| $ 211.5 |
| $ 1,031.6 |
| $ 838.8 |
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Adjusted operating margin by segment |
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- Semiconductor & System Design | 31.4% |
| 26.4% |
| 29.8% |
| 26.7% |
- Software Integrity | 6.8% |
| 11.0% |
| 11.4% |
| 9.6% |
Total adjusted segment operating margin | 29.2% |
| 24.8% |
| 28.0% |
| 25.0% |
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Total Adjusted Segment Operating Income Reconciliation (1)(2) | |||||||
(in millions) | |||||||
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| Three Months |
| Three Months |
| Twelve Months |
| Twelve Months |
| Ended |
| Ended |
| Ended |
| Ended |
| October 31, 2020 (3) |
| October 31, 2019 (3) |
| October 31, 2020 (3) |
| October 31, 2019 (3) |
GAAP total operating income – as reported | $ 196.1 |
| $ 129.7 |
| $ 620.1 |
| $ 520.2 |
Other expenses managed at consolidated level |
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-Amortization of intangible assets | 21.0 |
| 23.8 |
| 91.3 |
| 100.9 |
-Stock compensation | 78.4 |
| 40.2 |
| 248.6 |
| 155.0 |
-Fair value changes in executive deferred compensation plan | 1.3 |
| 2.6 |
| 21.5 |
| 27.8 |
-Acquisition-related costs | 3.3 |
| 1.8 |
| 14.1 |
| 5.7 |
-Restructuring | (0.4) |
| 13.4 |
| 36.1 |
| 47.2 |
-Legal matters | - |
| - |
| - |
| (18.0) |
Total adjusted segment operating income | $ 299.7 |
| $ 211.5 |
| $ 1,031.6 |
| $ 838.8 |
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