SYNOPSYS, INC.

Unaudited Condensed Consolidated Balance Sheets ⁽¹⁾

(in thousands, except par value amounts)

January 31, 2024

October 31, 2023

ASSETS:

Current assets:

  Cash and cash equivalents

$          1,118,944

$          1,438,913

  Short-term investments

154,490

151,639

          Total cash, cash equivalents and short-term investments

1,273,434

1,590,552

  Accounts receivable, net

1,064,135

946,967

  Inventories

382,727

325,590

  Prepaid and other current assets

687,632

567,515

          Total current assets

3,407,928

3,430,624

Property and equipment, net

567,038

557,261

Operating lease right-of-use assets, net

551,452

568,829

Goodwill

4,131,418

4,070,336

Intangible assets, net

377,415

374,194

Deferred income taxes

954,495

860,914

Other long-term assets

568,513

470,973

           Total assets

$        10,558,259

$        10,333,131

LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND STOCKHOLDERS' EQUITY:

Current liabilities:

  Accounts payable and accrued liabilities

$             699,474

$          1,123,761

  Operating lease liabilities

89,194

85,690

  Deferred revenue

1,855,839

1,776,000

           Total current liabilities

2,644,507

2,985,451

Long-term operating lease liabilities

563,815

584,035

Long-term deferred revenue

189,841

175,128

Long-term debt

16,951

18,078

Other long-term liabilities

436,528

386,138

           Total liabilities

3,851,642

4,148,830

Redeemable non-controlling interest

31,043

31,043

Stockholders' equity:

  Preferred stock, $0.01 par value: 2,000 shares authorized; none outstanding

—

—

  Common stock, $0.01 par value: 400,000 shares authorized; 152,536 and 152,053 shares outstanding, respectively

1,525

1,521

  Capital in excess of par value

1,183,473

1,276,152

  Retained earnings

7,188,550

6,741,699

  Treasury stock, at cost: 4,725 and 5,207 shares, respectively

(1,539,340)

(1,675,650)

  Accumulated other comprehensive income (loss)

(163,224)

(196,414)

           Total Synopsys stockholders' equity

6,670,984

6,147,308

Non-controlling interest

4,590

5,950

           Total stockholders' equity

6,675,574

6,153,258

           Total liabilities, redeemable non-controlling interest and stockholders' equity

$        10,558,259

$        10,333,131

(1) Synopsys' first quarter of fiscal year 2024 ended February 3, 2024 and its fiscal year 2023 ended on October 28, 2023, respectively. For

presentation purposes, we refer to the closest calendar month end. The first quarter of fiscal year 2024 included one extra week.