Company: SNPS
Filing Date: 2025-02-26
Form Type: 10-Q
Source: 0000883241-25-000014
Chunk: 33

Company: SYNOPSYS INC
Filing Date: 2025-02-26
Form: 10-Q
Item: Item 1
Chunk 33
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9,278,950 8,984,105 Treasury stock, at cost: 2,643 and 3,148 shares, respectively(860,967)(1,025,770)Accumulated other comprehensive income (loss)(241,919)(180,380)Total Synopsys stockholders’ equity9,304,792 8,990,702 Non-controlling interest109 2,504 Total stockholders’ equity9,304,901 8,993,206 Total liabilities, redeemable non-controlling interest and stockholders’ equity$13,041,089 $13,073,561 

See the accompanying Notes to Condensed Consolidated Financial Statements (unaudited).

1

SYNOPSYS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited, in thousands, except per share amounts)

 Three Months Ended  January 31, 20252024Revenue:Time-based products$828,238 $805,063 Upfront products368,124 442,366 Total products revenue1,196,362 1,247,429 Maintenance and service258,953 263,560 Total revenue1,455,315 1,510,989 Cost of revenue:Products168,842 175,498 Maintenance and service92,537 90,540 Amortization of acquired intangible assets8,596 13,155 Total cost of revenue269,975 279,193 Gross margin1,185,340 1,231,796 Operating expenses:Research and development553,216 525,534 Sales and marketing209,199 218,843 General and administrative167,086 131,264 Amortization of acquired intangible assets4,000 3,529 Total operating expenses933,501 879,170 Operating income251,839 352,626 Interest and other income (expense), net39,278 104,828 Income before income taxes291,117 457,454 Provision (benefit) for income taxes(6,294)22,909 Net income from continuing operations297,411 434,545 Income from discontinued operations, net of income taxes— 11,662 Net income297,411 446,207 Less: Net income (loss) attributed to non-controlling interest and redeemable non-controlling interest1,728