Company: SNPS
Filing Date: 2025-03-03
Form Type: 424B5
Source: 0001140361-25-006661
Chunk: 31

Company: SYNOPSYS INC
Filing Date: 2025-03-03
Form: 424B5
Chunk 31
---
 calculated and presented in accordance with GAAP, to free cash flow for each of the periods indicated:

| ($ in millions)(1)                           |     | Synopsys Historical 
          Year Ended 
         October 31, 
                2022 |     | October 31, 
        2023 |     | October 31, 
        2024 |
|:---------------------------------------------|:----|--------------------:|:----|------------:|:----|------------:|
| Net cash provided by operating activities    |     |            $1,738.9 |     |    $1,703.3 |     |    $1,407.0 |
| Purchases of property and equipment, net     |     |              -136.6 |     |      -189.6 |     |      -123.2 |
| Capitalization of software development costs |     |                -2.5 |     |        -2.2 |     |           — |
| Free Cash Flow                               |     |            $1,599.8 |     |    $1,511.5 |     |    $1,283.9 |

| (1) | Amounts may not total due to rounding. |

Free cash flow is a non-GAAP financial measure of Ansys’ performance and is defined herein as net cash provided by operating activities adjusted for capital expenditures. The following table presents a reconciliation of net cash provided by operating activities of Ansys, the most directly comparable financial measure calculated and presented in accordance with GAAP, to free cash flow for each of the periods indicated:

| ($ in millions)(1)                        |     |        Ansys Historical 
 Year Ended December 31, 
                    2022 |     |   2023 |     |   2024 |
|:------------------------------------------|:----|------------------------:|:----|-------:|:----|-------:|
| Net cash provided by operating activities |     |                  $631.0 |     | $717.1 |     | $795.7 |
| Capital expenditures                      |     |                   -24.4 |     |  -25.3 |     |  -44.0 |
| Free Cash Flow                            |     |                  $606.6 |     | $691.8 |     | $751.7 |

| (1) | Amounts may not total due to rounding. |

S-19

TABLE OF CONTENTS

RISK FACTORS Investing in the notes involves