Company: SNPS
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0000883241-25-000024
Chunk: 51

Company: SYNOPSYS INC
Filing Date: 2025-09-09
Form: 10-Q
Item: Item 1
Chunk 51
---
 $44.5 million and $95.2 million, respectively, from performance obligations satisfied from sales-based royalties earned during the periods. During the three and nine months ended July 31, 2024, we recognized $21.1 million and $73.9 million, respectively, from performance obligations satisfied from sales-based royalties earned during the periods. Costs of Obtaining a Contract with CustomerCapitalized commission costs, net of accumulated amortization, as of July 31, 2025 were $67.9 million, of which $1.4 million are included in prepaid and other current assets, and $66.5 million in other long-term assets in our condensed consolidated balance sheets. Amortization of these assets was $13.5 million and $38.9 million during the three and nine months ended July 31, 2025, respectively, and are included in sales and marketing expense in our condensed consolidated statements of income. Amortization of these assets was $12.6 million and $36.3 million 

16

during the three and nine months ended July 31, 2024, respectively, and are included in sales and marketing expense in our condensed consolidated statements of income.

Note 6. Goodwill and Intangible Assets

GoodwillThe changes in the carrying amount of goodwill during the nine months ended July 31, 2025 are as follows: (in thousands)Balance at October 31, 2024$3,448,850 Additions23,493,632 Adjustments(19,470)Effect of foreign currency translation22,711 Balance at July 31, 2025$26,945,723 The change in goodwill during the nine months ended July 31, 2025 resulted primarily from $23.5 billion related to the Ansys Merger. For additional information, refer to Note 4. Acquisition of Ansys.Intangible AssetsIntangible assets as of July 31, 2025 consist of the following:Gross Carrying AmountAccumulatedAmortizationNet Carrying Amount (in thousands)Core/developed technology$7,271,070 $699,991 $6,571,079 Customer relationships5,399,231 269,100 5,130,131 Contract rights intangible613,263 182,895 430,368 Trademarks and trade names961,325 12,991 948,334 Total$14,244,889 $1