Company: SNPS
Filing Date: 2025-03-03
Form Type: 424B5
Source: 0001140361-25-006661
Chunk: 29

Company: SYNOPSYS INC
Filing Date: 2025-03-03
Form: 424B5
Chunk 29
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     |             45.3 |     |            108.0 |
| Adjusted Gross Margin                                    |     |            $3,825.7 |     |         $4,413.4 |     |         $5,093.5 |

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

Adjusted gross profit is a non-GAAP financial measure of Ansys’ performance and is defined herein as gross profit, adjusted for acquisition accounting for deferred revenue, stock-based compensation expense, excess payroll taxes related to stock-based awards and amortization of intangible assets from acquisitions. The following table presents a reconciliation of gross profit, the most directly comparable financial measure calculated and presented in accordance with GAAP, to adjusted gross profit for each of the periods indicated:

| ($ in millions)(1)                                  |     |       Ansys Historical 
 Year Ended December 31 
                   2022 |     |     2023 |     |     2024 |
|:----------------------------------------------------|:----|-----------------------:|:----|---------:|:----|---------:|
| Gross profit                                        |     |               $1,814.9 |     | $1,998.7 |     | $2,265.0 |
| Acquisition accounting for deferred revenue         |     |                    7.3 |     |        — |     |        — |
| Stock-based compensation expense                    |     |                   10.1 |     |     13.3 |     |     14.3 |
| Excess payroll taxes related to stock-based awards  |     |                    0.5 |     |      0.3 |     |      0.5 |
| Amortization of intangible assets from acquisitions |     |                   69.4 |     |     81.0 |     |     88.6 |
| Adjusted Gross Profit                               |     |               $1,902.2 |     | $2,093.3 |     | $2,368.4 |

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

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Adjusted EBITDA Adjusted EBITDA is a non-GAAP financial measure of Synopsys and is defined herein as net income from continuing operations attributed to Synopsys adjusted for the provision (benefit) for income taxes, interest and other income (expense), net, stock-based compensation expense, fair value changes of deferred compensation plan obligations