SYNOPSYS, INC. | |||||||
Business Segment Reporting (1) | |||||||
(in millions) | |||||||
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| Q3'21 |
| Q3'20 |
| YTD Q3'21 |
| YTD Q3'20 |
Revenue by segment |
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- Semiconductor & System Design | $ 959.1 |
| $ 870.7 |
| $ 2,768.0 |
| $ 2,392.5 |
% of Total | 90.7% |
| 90.3% |
| 90.7% |
| 90.0% |
- Software Integrity | $ 98.0 |
| $ 93.4 |
| $ 283.8 |
| $ 267.3 |
% of Total | 9.3% |
| 9.7% |
| 9.3% |
| 10.0% |
Total segment revenue | $ 1,057.1 |
| $ 964.1 |
| $ 3,051.8 |
| $ 2,659.8 |
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Adjusted operating income by segment |
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- Semiconductor & System Design | $ 328.7 |
| $ 308.7 |
| $ 916.5 |
| $ 697.3 |
- Software Integrity | $ 8.7 |
| $ 14.8 |
| $ 25.0 |
| $ 34.6 |
Total adjusted segment operating income | $ 337.4 |
| $ 323.6 |
| $ 941.5 |
| $ 731.9 |
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Adjusted operating margin by segment |
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- Semiconductor & System Design | 34.3% |
| 35.4% |
| 33.1% |
| 29.1% |
- Software Integrity | 8.8% |
| 15.8% |
| 8.8% |
| 12.9% |
| Total adjusted segment operating margin | 31.9% |
| 33.6% |
| 30.8% |
| 27.5% |
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| Total Adjusted Segment Operating Income Reconciliation (1)(2) | |||||||
| (in millions) | |||||||
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| Three Months Ended |
| Three Months Ended |
| Nine Months Ended |
| Nine Months Ended |
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| July 31, 2021 (3) |
| July 31, 2020 (3) |
| July 31, 2021 (3) |
| July 31, 2020 (3) |
| GAAP total operating income – as reported | $ 201.9 |
| $ 210.6 |
| $ 544.5 |
| $ 424.0 |
| Other expenses managed at consolidated level |
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| -Amortization of intangible assets | 20.4 |
| 23.6 |
| 60.4 |
| 70.3 |
| -Stock compensation | 85.2 |
| 61.8 |
| 248.5 |
| 170.2 |
| -Non-qualified deferred compensation plan | 10.5 |
| 26.2 |
| 62.7 |
| 20.2 |
| -Acquisition-related costs | 5.7 |
| 3.3 |
| 11.6 |
| 10.8 |
| -Restructuring charges | 15.2 |
| (2.0) |
| 15.2 |
| 36.4 |
| -Legal matters | (1.5) |
| - |
| (1.5) |
| - |
| Total adjusted segment operating income | $ 337.4 |
| $ 323.6 |
| $ 941.5 |
| $ 731.9 |
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| (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. Amounts may not foot due to rounding. | |||||||
| (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' third quarter of fiscal year 2021 and 2020 ended on July 31, 2021 and August 1, 2020, respectively. For presentation purposes, we refer to the closest calendar month end. |
