SYNOPSYS, INC. | ||||||
Unaudited Consolidated Balance Sheets (1) | ||||||
(in thousands, except par value amounts) | ||||||
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| July 31, 2021 |
| October 31, 2020 |
ASSETS: |
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Current assets: |
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Cash and cash equivalents |
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| $ 1,385,395 |
| $ 1,235,653 |
Short-term investments |
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| 144,773 |
| - |
Total cash, cash equivalents & short-term investments |
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| 1,530,168 |
| 1,235,653 |
Accounts receivable, net |
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| 577,845 |
| 780,709 |
Inventories, net |
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| 241,103 |
| 192,333 |
Income taxes receivable and prepaid taxes |
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| 35,724 |
| 32,355 |
Prepaid and other current assets |
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| 379,136 |
| 308,167 |
Total current assets |
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| 2,763,976 |
| 2,549,217 |
Property and equipment, net |
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| 470,129 |
| 483,818 |
Operating lease right-of-use assets, net |
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| 493,899 |
| 465,818 |
Goodwill |
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| 3,485,181 |
| 3,365,114 |
Intangible assets, net |
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| 249,974 |
| 254,322 |
Long-term prepaid taxes |
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| 10,417 |
| 8,276 |
Deferred income taxes |
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| 527,753 |
| 497,546 |
Other long-term assets |
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| 484,577 |
| 405,951 |
Total assets |
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| $ 8,485,906 |
| $ 8,030,062 |
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LIABILITIES AND STOCKHOLDERS' EQUITY: |
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Current liabilities: |
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Accounts payable and accrued liabilities |
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| $ 615,737 |
| $ 623,664 |
Operating lease liabilities, current |
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| 79,289 |
| 73,173 |
Accrued income taxes |
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| 14,536 |
| 27,738 |
| Deferred revenue |
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| 1,542,606 |
| 1,388,263 |
| Short-term debt |
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| 82,468 |
| 27,084 |
| Total current liabilities |
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| 2,334,636 |
| 2,139,922 |
| Operating lease liabilities, non-current |
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| 487,574 |
| 462,411 |
| Long-term accrued income taxes |
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| 24,600 |
| 25,178 |
| Long-term deferred revenue |
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| 103,759 |
| 104,850 |
| Long-term debt |
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| 24,754 |
| 100,823 |
| Other long-term liabilities |
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| 355,447 |
| 284,511 |
| Total liabilities |
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| 3,330,770 |
| 3,117,695 |
| Stockholders' equity: |
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| Preferred stock, $0.01 par value: 2,000 shares authorized; none outstanding | - |
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| Common stock, $0.01 par value: 400,000 shares authorized; 152,597 and |
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| 152,618 shares outstanding, respectively |
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| 1,526 |
| 1,528 |
| Capital in excess of par value |
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| 1,606,980 |
| 1,653,166 |
| Retained earnings |
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| 4,348,266 |
| 3,795,397 |
| Treasury stock, at cost: 4,664 and 4,643 shares, respectively |
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| (757,341) |
| (488,613) |
| Accumulated other comprehensive income (loss) |
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| (48,411) |
| (54,074) |
| Total Synopsys stockholders' equity |
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| 5,151,020 |
| 4,907,404 |
| Non-controlling interest |
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| 4,116 |
| 4,963 |
| Total stockholders' equity |
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| 5,155,136 |
| 4,912,367 |
| Total liabilities and stockholders' equity |
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| $ 8,485,906 |
| $ 8,030,062 |
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| (1) Synopsys' third quarter of fiscal year 2021 ended on July 31, 2021, and its fiscal year 2020 ended on October 31, 2020. |
